Plug Power, Inc. (PLUG) financial statements (2021 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)
| 9/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 139 | 39 | 25 | 46 | 64 | 146 | |||
| Cash and cash equivalents | 139 | 39 | 25 | 46 | 64 | 146 | |||
| Restricted cash and investments | 55 | 17 | 14 | 11 | 4 | ||||
| Inventory, net of allowances, customer advances and progress billings | 72 | 48 | 49 | 30 | 33 | 25 | |||
| Inventory | 72 | 48 | 49 | 30 | 33 | 25 | |||
| Other undisclosed current assets | 47 | 52 | 32 | 24 | 31 | 22 | |||
| Total current assets: | 313 | 156 | 120 | 111 | 131 | 193 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 245 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 99 | 59 | 7 | 5 | |||||
| Intangible assets, net (including goodwill) | 14 | 13 | 13 | 12 | 13 | 1 | |||
| Goodwill | 9 | 9 | 9 | 8 | 8 | ||||
| Intangible assets, net (excluding goodwill) | 6 | 4 | 4 | 4 | 5 | 1 | |||
| Restricted cash and investments | 175 | 54 | 29 | 43 | 44 | ||||
| Other undisclosed noncurrent assets | 24 | 168 | 10 | 16 | 14 | 6 | |||
| Total noncurrent assets: | 458 | 235 | 151 | 130 | 78 | 13 | |||
| TOTAL ASSETS: | 771 | 390 | 271 | 241 | 209 | 206 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 55 | 43 | 53 | 41 | 30 | 21 | |||
| Accounts payable | 40 | 35 | 42 | 32 | 20 | 10 | |||
| Accrued liabilities | 14 | 8 | 11 | 9 | 10 | 9 | |||
| Employee-related liabilities | 3 | ||||||||
| Deferred revenue | 12 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 26 | 19 | 3 | 1 | |||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 11 | 6 | 4 | 3 | ||
| Contract with customer, liability | ✕ | ✕ | 12 | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 9 | 1 | 1 | 2 | 3 | 2 | |||
| Other undisclosed current liabilities | 50 | 91 | 32 | 16 | 5 | (1) | |||
| Total current liabilities: | 151 | 146 | 116 | 66 | 43 | 26 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 110 | 0 | 13 | 21 | |||||
| Long-term debt, excluding current maturities | 110 | 0 | 13 | 21 | |||||
| Liabilities, other than long-term debt | 23 | 28 | 34 | 18 | 14 | 9 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 34 | 17 | 14 | 9 | ||
| Deferred revenue | 23 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Contract with customer, liability | ✕ | ✕ | 28 | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Other undisclosed noncurrent liabilities | 351 | 181 | 34 | 41 | 26 | 12 | |||
| Total noncurrent liabilities: | 485 | 210 | 81 | 80 | 41 | 21 | |||
| Total liabilities: | 635 | 356 | 196 | 146 | 84 | 46 | |||
| Temporary equity, carrying amount | 1 | 1 | |||||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 135 | 3 | 74 | 85 | 125 | 158 | |||
| Common stock | 3 | 2 | 2 | 2 | 2 | 2 | |||
| Treasury stock, value | (31) | (31) | (3) | (3) | (3) | (3) | |||
| Additional paid in capital | 1,507 | 1,290 | 1,251 | 1,137 | 1,119 | 1,096 | |||
| Accumulated other comprehensive income | 1 | 2 | 2 | 0 | 1 | 1 | |||
| Accumulated deficit | (1,346) | (1,260) | (1,179) | (1,051) | (994) | (938) | |||
| Warrants and rights outstanding | 9 | ||||||||
| Other undisclosed stockholders' equity attributable to parent | (9) | ||||||||
| Other undisclosed stockholders' equity | 1 | 32 | 1 | 10 | |||||
| Total stockholders' equity: | 136 | 34 | 74 | 95 | 125 | 158 | |||
| TOTAL LIABILITIES AND EQUITY: | 771 | 390 | 271 | 241 | 209 | 206 | |||
Income statement (P&L) ($ in millions)
| 9/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 230 | 175 | 133 | 86 | 103 | 64 | ||
| Revenue, net | ✕ | ✕ | ✕ | 103 | 55 | 84 | 62 | |
| Cost of revenue | (202) | (172) | (131) | (82) | (113) | (66) | ||
| Cost of goods and services sold | (202) | (172) | (77) | (43) | (74) | (66) | ||
| Other undisclosed gross profit | (30) | |||||||
| Gross profit: | 28 | 3 | (28) | 4 | (10) | (2) | ||
| Operating expenses | (78) | (72) | (74) | (55) | (49) | (30) | ||
| Other undisclosed operating loss | (6) | |||||||
| Operating loss: | (50) | (69) | (102) | (52) | (59) | (38) | ||
| Nonoperating income (expense) | (36) | (22) | (10) | (11) | 1 | |||
| Investment income, nonoperating | 16 | 1 | ||||||
| Interest and debt expense | (9) | (6) | (1) | (2) | (0) | (0) | ||
| Loss from continuing operations before equity method investments, income taxes: | (94) | (98) | (113) | (64) | (59) | (37) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 9 | 11 | (14) | 6 | 4 | (52) | ||
| Loss from continuing operations before income taxes: | (85) | (87) | (127) | (58) | (56) | (89) | ||
| Income tax benefit | 9 | 0 | 13 | 0 | ||||
| Net loss: | (85) | (78) | (127) | (57) | (42) | (88) | ||
| Other undisclosed net loss attributable to parent | (13) | |||||||
| Net loss attributable to parent: | (85) | (78) | (127) | (57) | (56) | (88) | ||
| Preferred stock dividends and other adjustments | (0) | (0) | (3) | (0) | (0) | (0) | ||
| Net loss available to common stockholders, diluted: | (86) | (78) | (130) | (58) | (56) | (89) | ||
Comprehensive Income ($ in millions)
| 9/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (85) | (78) | (127) | (57) | (42) | (88) | ||
| Other comprehensive income (loss) | (0) | (1) | 2 | (1) | (0) | |||
| Comprehensive loss: | (86) | (79) | (125) | (58) | (42) | (88) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (13) | |||||||
| Comprehensive loss, net of tax, attributable to parent: | (86) | (79) | (125) | (58) | (56) | (88) | ||
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.