Plug Power, Inc. (PLUG) financial statements (2022 and earlier)

Company profile

Business Address 968 ALBANY-SHAKER ROAD
LATHAM, NY 12110
State of Incorp. DE
Fiscal Year End December 31
SIC 362 - Electrical Industrial Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,8701,312139392546
Cash and cash equivalents2,4811,312139392546
Short-term investments1,388     
Restricted cash and investments1196455171411
Inventory, net of allowances, customer advances and progress billings26913972484930
Inventory26913972484930
Contract with customer, asset39   
Other undisclosed current assets1538747523224
Total current assets:4,4491,603313156120111
Noncurrent Assets
Finance lease, right-of-use asset326245
Operating lease, right-of-use asset213117 
Property, plant and equipment25675  9959
Long-term investments and receivables13     
Long-term investments13     
Intangible assets, net (including goodwill)37911214131312
Goodwill220729998
Intangible assets, net (excluding goodwill)158396444
Contract with customer, asset, net0   
Restricted cash and investments532258175542943
Other undisclosed noncurrent assets7781241681016
Total noncurrent assets:1,502648458235151130
TOTAL ASSETS:5,9502,251771390271241
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1729655435341
Accounts payable925040354232
Accrued liabilities7946148119
Deferred revenue1162312
Debt355226 193
Deferred revenue and credits116
Contract with customer, liability12
Other liabilities40299112
Other undisclosed current liabilities582250913216
Total current liabilities:42122215114611666
Noncurrent Liabilities
Long-term debt and lease obligation39319011001321
Long-term debt, excluding current maturities1938611001321
Finance lease, liability254 
Operating lease, liability176100 
Liabilities, other than long-term debt2077323283418
Deferred revenue and credits3417
Deferred revenue673323
Contract with customer, liability28
Other liabilities140400000
Other undisclosed noncurrent liabilities3242993511813441
Total noncurrent liabilities:9245624852108180
Total liabilities:1,344784635356196146
Stockholders' equity
Stockholders' equity attributable to parent4,6061,46713537485
Common stock653222
Treasury stock, value(73)(40)(31)(31)(3)(3)
Additional paid in capital7,0713,4471,5071,2901,2511,137
Accumulated other comprehensive income (loss)(2)21220
Accumulated deficit(2,397)(1,946)(1,346)(1,260)(1,179)(1,051)
Other undisclosed stockholders' equity  132110
Total stockholders' equity:4,6061,467136347495
TOTAL LIABILITIES AND EQUITY:5,9502,251771390271241

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues502(93)23017513386
Revenue, net10355
Cost of revenue(674)(5)(202)(172)(131)(82)
Cost of goods and services sold (5)(202)(172)(77)(43)
Other undisclosed gross profit (371)  (30) 
Gross profit:(171)(469)283(28)4
Operating expenses(266)(115)(78)(72)(74)(55)
Operating loss:(437)(584)(50)(69)(102)(52)
Nonoperating expense(1) (36)(22)(10)(11)
Investment income, nonoperating   16  
Other nonoperating expense(1)     
Interest and debt expense(43)(1)(9)(6)(1)(2)
Loss from continuing operations before equity method investments, income taxes:(481)(585)(94)(98)(113)(64)
Loss from equity method investments(6)     
Other undisclosed income (loss) from continuing operations before income taxes11(42)911(14)6
Loss from continuing operations before income taxes:(476)(627)(85)(87)(127)(58)
Income tax benefit16  9 0
Net loss:(460)(627)(85)(78)(127)(57)
Other undisclosed net income attributable to parent 31    
Net loss attributable to parent:(460)(596)(85)(78)(127)(57)
Preferred stock dividends and other adjustments  (0)(0)(3)(0)
Net loss available to common stockholders, diluted:(460)(596)(86)(78)(130)(58)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss:(460)(627)(85)(78)(127)(57)
Other comprehensive income (loss)(4)1(0)(1)2(1)
Comprehensive loss, net of tax, attributable to parent:(464)(626)(86)(79)(125)(58)

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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