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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments139392546641465
Cash and cash equivalents139392546641465
Restricted cash and investments551714114  
Inventory, net of allowances, customer advances and progress billings72484930332510
Inventory72484930332510
Other undisclosed current assets4752322431228
Total current assets:31315612011113119324
Noncurrent Assets
Finance lease, right-of-use asset245
Property, plant and equipment  9959755
Intangible assets, net (including goodwill)141313121313
Goodwill99988  
Intangible assets, net (excluding goodwill)6444513
Restricted cash and investments17554294344  
Other undisclosed noncurrent assets2416810161463
Total noncurrent assets:458235151130781312
TOTAL ASSETS:77139027124120920635
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5543534130216
Accounts payable4035423220103
Accrued liabilities1481191093
Employee-related liabilities     3 
Deferred revenue12
Debt26 193 11
Deferred revenue and credits11643 
Contract with customer, liability12
Other liabilities9112321
Other undisclosed current liabilities509132165(1)5
Total current liabilities:15114611666432613
Noncurrent Liabilities
Long-term debt and lease obligation11001321  2
Long-term debt, excluding current maturities11001321  2
Liabilities, other than long-term debt23283418149 
Deferred revenue and credits3417149 
Deferred revenue23
Contract with customer, liability28
Other liabilities000000 
Other undisclosed noncurrent liabilities3511813441261236
Total noncurrent liabilities:4852108180412138
Total liabilities:635356196146844651
Temporary equity, carrying amount    11 
Stockholders' equity
Stockholders' equity attributable to parent, including:13537485125158(18)
Preferred stock      2
Common stock3222221
Treasury stock, value(31)(31)(3)(3)(3)(3)2
Additional paid in capital1,5071,2901,2511,1371,1191,096831
Accumulated other comprehensive income1220111
Accumulated deficit(1,346)(1,260)(1,179)(1,051)(994)(938)(849)
Warrants and rights outstanding     9 
Other undisclosed stockholders' equity attributable to parent     (9)(5)
Other undisclosed stockholders' equity132110  2
Total stockholders' equity:136347495125158(16)
TOTAL LIABILITIES AND EQUITY:77139027124120920635

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues230175133861036427
Revenue, net10355846225
Cost of revenue(202)(172)(131)(82)(113)(66)(35)
Cost of goods and services sold(202)(172)(77)(43)(74)(66)(35)
Other undisclosed gross profit  (30)    
Gross profit:283(28)4(10)(2)(9)
Operating expenses(78)(72)(74)(55)(49)(30)(17)
Other undisclosed operating loss     (6)(3)
Operating loss:(50)(69)(102)(52)(59)(38)(29)
Nonoperating income (expense)(36)(22)(10)(11) 1(38)
Investment income, nonoperating 16   1(37)
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)(66)
Other undisclosed income (loss) from continuing operations before income taxes911(14)64(52) 
Loss from continuing operations before income taxes:(85)(87)(127)(58)(56)(89)(66)
Income tax expense (benefit) 9 0130(0)
Net loss:(85)(78)(127)(57)(42)(88)(67)
Other undisclosed net income (loss) attributable to parent    (13) 4
Net loss attributable to parent:(85)(78)(127)(57)(56)(88)(63)
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)(63)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(85)(78)(127)(57)(42)(88)(67)
Other comprehensive income (loss)(0)(1)2(1)(0) (63)
Comprehensive loss:(86)(79)(125)(58)(42)(88)(130)
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)(130)

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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