Fuel Tech, Inc. (FTEK) financial statements (2022 and earlier)

Company profile

Business Address 27601 BELLA VISTA PARKWAY
WARRENVILLE, IL 60555
State of Incorp. DE
Fiscal Year End December 31
SIC 3564 - Industrial and Commercial Fans and Blowers and Air Purification Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments35,89310,64010,91412,0398,37211,83521,703
Cash and cash equivalents35,89310,64010,91412,0398,36611,82621,684
Short-term investments    6919
Restricted cash and investments8911,5952,080  6,020 
Receivables3,2596,5486,47318,51719,81918,87724,917
Inventory, net of allowances, customer advances and progress billings348972649579451,0121,653
Inventory348972649579451,0121,653
Deferred tax assets   239
Other undisclosed current assets1,0742,1931,8799,2044,6122,8913,889
Total current assets:41,46521,07321,61040,71733,74840,63552,401
Noncurrent Assets
Operating lease, right-of-use asset242394980
Property, plant and equipment4,6095,2205,6625,9766,27210,92012,001
Intangible assets, net (including goodwill)2,5642,6693,0221,1643,7875,5679,260
Goodwill2,1162,1162,116 2,1162,1162,116
Intangible assets, net (excluding goodwill)4485539061,1641,6713,4517,144
Restricted cash and investments270371507 5,000  
Disposal group, including discontinued operation, noncurrent assets   485485  
Other noncurrent assets8243614431,2611,1926661,357
Deferred tax assets, net   992
Other undisclosed noncurrent assets   2,116   
Total noncurrent assets:8,5099,01510,61411,00216,73617,15323,610
TOTAL ASSETS:49,97430,08832,22451,71950,48457,78876,011
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,1105,3824,61217,16115,72314,05016,536
Accounts payable1,5612,3532,1179,4999,0656,3038,942
Accrued liabilities8612,0991,9766,0995,0986,3575,949
Employee-related liabilities6889305191,5631,4871,3901,645
Taxes payable    73  
Debt  300    
Other undisclosed current liabilities113149     
Total current liabilities:3,2235,5314,91217,16115,72314,05016,536
Noncurrent Liabilities
Long-term debt and lease obligation1221,793680    
Long-term debt, excluding current maturities 1,556     
Operating lease, liability122237680
Liabilities, other than long-term debt429443286506420346501
Deferred tax liabilities, net171   
Deferred income tax liabilities139134 
Other liabilities290309286335420346501
Other undisclosed noncurrent liabilities  171    
Total noncurrent liabilities:5512,2361,137506420346501
Total liabilities:3,7747,7676,04917,66716,14314,39617,037
Commitments and contingencies 262     
Stockholders' equity
Stockholders' equity attributable to parent, including:46,20022,32126,17534,05234,34143,39258,974
Common stock312 254248248238234
Treasury stock, value(2,234)(2,182)(1,612)(1,484)(1,472)(1,214)(1,042)
Additional paid in capital164,199140,138139,560138,992138,760137,380135,394
Accumulated other comprehensive loss(1,604)(1,370)(1,778)(1,285)(768)(1,568)(1,556)
Accumulated deficit(114,549)(114,603)(110,325)(102,495)(102,503)(91,520)(74,132)
Other undisclosed stockholders' equity attributable to parent763387676767676
Other undisclosed stockholders' equity (262)     
Total stockholders' equity:46,20022,05926,17534,05234,34143,39258,974
TOTAL LIABILITIES AND EQUITY:49,97430,08832,22451,71950,48457,78876,011

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues24,26122,55030,46756,53545,16655,16173,664
Cost of revenue(12,363)(11,912)(19,637)(36,471)(27,144)(36,367)(45,107)
Gross profit:11,89810,63810,83020,06418,02218,79428,557
Operating expenses(13,387)(14,974)(18,318)(19,954)(24,968)(33,618)(36,814)
Other undisclosed operating loss  (752) (119)  
Operating income (loss):(1,489)(4,336)(8,240)110(7,065)(14,824)(8,257)
Nonoperating income (expense)1,5701194038(50)(900)(339)
Investment income, nonoperating  416102521
Foreign currency transaction gain, before tax  370    
Other nonoperating income (expense)1,570119(8)2(60)(925)(360)
Interest and debt expense(13)(4)    (27)
Income (loss) from continuing operations before income taxes:68(4,221)(7,837)118(7,115)(15,724)(8,623)
Income tax expense (benefit)(14)(57)(14)(33)46(1,664)(3,757)
Net income (loss):54(4,278)(7,851)85(7,069)(17,388)(12,380)
Other undisclosed net loss attributable to parent  (1)(113)(3,914)  
Net income (loss) available to common stockholders, diluted:54(4,278)(7,852)(28)(10,983)(17,388)(12,380)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):54(4,278)(7,851)85(7,069)(17,388)(12,380)
Other comprehensive income (loss)(234)408(493)(517)800(12)(1,108)
Comprehensive loss:(180)(3,870)(8,344)(432)(6,269)(17,400)(13,488)
Other undisclosed comprehensive loss, net of tax, attributable to parent  (1)(113)(3,914)  
Comprehensive loss, net of tax, attributable to parent:(180)(3,870)(8,345)(545)(10,183)(17,400)(13,488)

Statements sources

The financial statements are based on the company's filings with the 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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