Clean Energy Fuels Corp. (CLNE) Financial Statements (2024 and earlier)

Company Profile

Business Address 4675 MACARTHUR COURT, SUITE 800
NEWPORT BEACH, CA 92660
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4932 - Gas and Other Services Combined (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments263,519229,170138,505106,13695,490177,543
Cash and cash equivalents123,95099,448108,97749,20729,84436,081
Short-term investments139,569129,72229,52856,92965,646141,462
Restricted cash and investments2,000    1,127
Receivables108,456111,88085,439146,65884,40983,196
Inventory, net of allowances, customer advances and progress billings37,14431,30228,10029,87434,97535,238
Inventory37,14431,30228,10029,87434,97535,238
Contract with customer, asset, after allowance for credit loss6,063966729455656
Other undisclosed current assets54,53836,61810,26610,66910,0767,793
Total current assets:471,720409,936263,039293,792225,606304,897
Noncurrent Assets
Operating lease, right-of-use asset52,58642,53725,967 
Property, plant and equipment    323,912350,568367,305
Long-term investments and receivables, including:223,740166,00027,96226,30517,47021,397
Long-term investments193,273109,81127,96226,30526,07930,395
Accounts and financing receivable, after allowance for credit loss30,46756,189    
Other undisclosed long-term investments and receivables     (8,609)(8,998)
Intangible assets, net (including goodwill)70,24369,82864,79265,55766,53567,918
Goodwill64,32864,32864,32864,32864,32864,328
Intangible assets, net (excluding goodwill)5,9155,5004641,2292,2073,590
Restricted cash and investments  7,00811,0004,0004,000 
Other undisclosed noncurrent assets264,068261,761322,26763,51934,90330,395
Total noncurrent assets:610,637547,134451,988483,293473,476487,015
TOTAL ASSETS:1,082,357957,070715,027777,085699,082791,912
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities134,51499,51169,94795,07367,49360,169
Accounts payable44,43524,35217,31027,37619,02417,901
Accrued liabilities90,07975,15952,63767,69748,46942,268
Deferred revenue5,9707,2512,642 
Debt1,04113,6914,43256,0135,405139,699
Deferred revenue and credits3,432
Contract with customer, liability5,3295,513
Other undisclosed current liabilities6,6215,4512,8226,1471,848 
Total current liabilities:148,146125,90479,843162,56280,259203,300
Noncurrent Liabilities
Long-term debt and lease obligation, including:147,60565,073108,33832,87210,640120,388
Long-term debt, excluding current maturities145,47123,21582,08832,872  
Capital lease obligations10,6405,982
Finance lease, liability2,1342,4272,552 
Other undisclosed long-term debt and lease obligation      114,406
Liabilities, other than long-term debt57,7058,1993,99616,04015,03518,566
Contract with customer, liability6,339 
Other liabilities8,7948,1993,9969,70115,03518,566
Operating lease, liability48,91139,43123,698 
Other undisclosed noncurrent liabilities 1,4302,483 22,58268,139 
Total noncurrent liabilities:206,74075,755112,33471,49493,814138,954
Total liabilities:354,886201,659192,177234,056174,073342,254
Equity
Equity, attributable to parent719,993747,076513,506533,408507,998426,990
Common stock222220202015
Additional paid in capital1,553,6681,519,9181,191,7911,203,1861,198,7691,111,432
Accumulated other comprehensive loss(3,722)(1,622)(209)(1,566)(2,138)(887)
Accumulated deficit(829,975)(771,242)(678,096)(668,232)(688,653)(683,570)
Equity, attributable to noncontrolling interest7,4788,3359,3449,62117,01122,668
Total equity:727,471755,411522,850543,029525,009449,658
TOTAL LIABILITIES AND EQUITY:1,082,357957,070715,027777,085699,082791,912

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues420,164255,646291,724344,065346,419341,599
Revenue, net341,599
Cost of revenue(361,526)(258,114)(234,394)(262,229)(261,380)(278,137)
Cost of goods and services sold      (255,829)
Gross profit:58,638(2,468)57,33081,83685,03963,462
Operating expenses(110,345)(92,580)(67,174)(71,908)(81,144)(197,909)
Operating income (loss):(51,707)(95,048)(9,844)9,9283,895(134,447)
Nonoperating income954,7904,0889,4454,21673,992
Investment income, nonoperating  3,8851,0637,4554,78273,853
Other nonoperating income (expense)959053,0251,990(566)139
Interest and debt expense(3,413)(39)(1,249)  3,195
Income (loss) from continuing operations before equity method investments, income taxes:(55,025)(90,297)(7,005)19,3738,111(57,260)
Loss from equity method investments(4,824)(430)(161)(119)(2,723)(131)
Other undisclosed income (loss) from continuing operations before income taxes479(3,309)(4,054)(5,137)(14,230)(25,914)
Income (loss) from continuing operations before income taxes:(59,370)(94,036)(11,220)14,117(8,842)(83,305)
Income tax expense (benefit)(220)(119)(309)(858)(341)1,914
Income (loss) from continuing operations:(59,590)(94,155)(11,529)13,259(9,183)(81,391)
Income (loss) before gain (loss) on sale of properties:(94,155)(11,529)13,259(9,183)(81,391)
Net income (loss):(59,590)(94,155)(11,529)13,259(9,183)(81,391)
Net income attributable to noncontrolling interest8571,0091,6657,1625,3932,154
Net income (loss) available to common stockholders, diluted:(58,733)(93,146)(9,864)20,421(3,790)(79,237)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(59,590)(94,155)(11,529)13,259(9,183)(81,391)
Other comprehensive income (loss)(2,100)(1,413)1,357572(1,251)16,788
Comprehensive income (loss):(61,690)(95,568)(10,172)13,831(10,434)(64,603)
Comprehensive income, net of tax, attributable to noncontrolling interest8571,0091,6657,1625,3932,154
Comprehensive income (loss), net of tax, attributable to parent:(60,833)(94,559)(8,507)20,993(5,041)(62,449)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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