Fuel Tech, Inc. (FTEK) Financial Statements (2024 and earlier)

Company Profile

Business Address 27601 BELLA VISTA PARKWAY
WARRENVILLE, IL 60555
State of Incorp. DE
Fiscal Year End December 31
Industry (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)

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 investments26,30935,89310,64010,91412,0398,372
Cash and cash equivalents23,32835,89310,64010,91412,0398,366
Short-term investments2,981    6
Restricted cash and investments  8911,5952,080  
Receivables7,7293,2596,5486,47318,51719,819
Inventory, net of allowances, customer advances and progress billings39234897264957945
Inventory39234897264957945
Other undisclosed current assets1,3951,0742,1931,8799,2044,612
Total current assets:35,82541,46521,07321,61040,71733,748
Noncurrent Assets
Operating lease, right-of-use asset197242394980
Property, plant and equipment4,4354,6095,2205,6625,9766,272
Long-term investments and receivables6,360     
Long-term investments6,360     
Intangible assets, net (including goodwill)2,5132,5642,6693,0221,1643,787
Goodwill2,1162,1162,1162,116 2,116
Intangible assets, net (excluding goodwill)3974485539061,1641,671
Restricted cash and investments  270371507 5,000
Disposal group, including discontinued operation, noncurrent assets     485485
Other noncurrent assets7948243614431,2611,192
Other undisclosed noncurrent assets     2,116 
Total noncurrent assets:14,2998,5099,01510,61411,00216,736
TOTAL ASSETS:50,12449,97430,08832,22451,71950,484
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,6413,1105,3824,61217,16115,723
Taxes payable    73
Employee-related liabilities6889305191,5631,487
Accounts payable2,7101,5612,3532,1179,4999,065
Accrued liabilities1,9318612,0991,9766,0995,098
Debt    300  
Other undisclosed current liabilities125113149   
Total current liabilities:4,7663,2235,5314,91217,16115,723
Noncurrent Liabilities
Long-term debt and lease obligation  1221,793680  
Long-term debt, excluding current maturities   1,556   
Liabilities, other than long-term debt517429443286506420
Deferred tax liabilities, net171 
Deferred income tax liabilities177139134 
Other liabilities274290309286335420
Operating lease, liability66122237680
Other undisclosed noncurrent liabilities    171  
Total noncurrent liabilities:5175512,2361,137506420
Total liabilities:5,2833,7747,7676,04917,66716,143
Commitments and contingencies   262   
Equity
Equity, attributable to parent, including:44,84146,20022,32126,17534,05234,341
Common stock313312 254248248
Treasury stock, value(2,251)(2,234)(2,182)(1,612)(1,484)(1,472)
Additional paid in capital164,422164,199140,138139,560138,992138,760
Accumulated other comprehensive loss(1,728)(1,604)(1,370)(1,778)(1,285)(768)
Accumulated deficit(115,991)(114,549)(114,603)(110,325)(102,495)(102,503)
Other undisclosed equity, attributable to parent7676338767676
Other undisclosed equity   (262)   
Total equity:44,84146,20022,05926,17534,05234,341
TOTAL LIABILITIES AND EQUITY:50,12449,97430,08832,22451,71950,484

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
Revenues26,94124,26122,55030,46756,53545,166
Cost of revenue(15,298)(12,363)(11,912)(19,637)(36,471)(27,144)
Gross profit:11,64311,89810,63810,83020,06418,022
Operating expenses(13,170)(13,387)(14,974)(18,318)(19,954)(24,968)
Other undisclosed operating loss    (752) (119)
Operating income (loss):(1,527)(1,489)(4,336)(8,240)110(7,065)
Nonoperating income (expense)1561,5701194038(50)
Investment income, nonoperating202  41610
Gain, foreign currency transaction, before tax    370  
Other nonoperating income (expense)(46)1,570119(8)2(60)
Interest and debt expense(17)(13)(4)   
Income (loss) from continuing operations before income taxes:(1,388)68(4,221)(7,837)118(7,115)
Income tax expense (benefit)(54)(14)(57)(14)(33)46
Income (loss) from continuing operations:(1,442)54(4,278)(7,851)85(7,069)
Income (loss) before gain (loss) on sale of properties:54(4,278)(7,851)85(7,069)
Net income (loss):(1,442)54(4,278)(7,851)85(7,069)
Other undisclosed net loss attributable to parent    (1)(113)(3,914)
Net income (loss) available to common stockholders, diluted:(1,442)54(4,278)(7,852)(28)(10,983)

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):(1,442)54(4,278)(7,851)85(7,069)
Other comprehensive income (loss) (124)(234)408(493)(517)800
Other undisclosed comprehensive loss      
Comprehensive loss:(1,566)(180)(3,870)(8,344)(432)(6,269)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (1)(113)(3,914)
Comprehensive loss, net of tax, attributable to parent:(1,566)(180)(3,870)(8,345)(545)(10,183)

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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