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 13939254664146
Cash and cash equivalents 13939254664146
Restricted cash and investments 551714114 
Inventory, net of allowances, customer advances and progress billings 724849303325
Inventory 724849303325
Other undisclosed current assets 475232243122
Total current assets: 313156120111131193
Noncurrent Assets
Finance lease, right-of-use asset 245
Property, plant and equipment   995975
Intangible assets, net (including goodwill) 14131312131
Goodwill 99988 
Intangible assets, net (excluding goodwill) 644451
Restricted cash and investments 17554294344 
Other undisclosed noncurrent assets 241681016146
Total noncurrent assets: 4582351511307813
TOTAL ASSETS: 771390271241209206
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 554353413021
Accounts payable 403542322010
Accrued liabilities 148119109
Employee-related liabilities      3
Deferred revenue 12
Debt 26 193 1
Deferred revenue and credits11643
Contract with customer, liability12
Other liabilities 911232
Other undisclosed current liabilities 509132165(1)
Total current liabilities: 151146116664326
Noncurrent Liabilities
Long-term debt and lease obligation 11001321  
Long-term debt, excluding current maturities 11001321  
Liabilities, other than long-term debt 23283418149
Deferred revenue and credits3417149
Deferred revenue 23
Contract with customer, liability28
Other liabilities 000000
Other undisclosed noncurrent liabilities 35118134412612
Total noncurrent liabilities: 48521081804121
Total liabilities: 6353561961468446
Temporary equity, carrying amount     11
Stockholders' equity
Stockholders' equity attributable to parent, including: 13537485125158
Common stock 322222
Treasury stock, value (31)(31)(3)(3)(3)(3)
Additional paid in capital 1,5071,2901,2511,1371,1191,096
Accumulated other comprehensive income 122011
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 132110  
Total stockholders' equity: 136347495125158
TOTAL LIABILITIES AND EQUITY: 771390271241209206

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 2301751338610364
Revenue, net103558462
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: 283(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 911(14)64(52)
Loss from continuing operations before income taxes: (85)(87)(127)(58)(56)(89)
Income tax benefit  9 0130
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.

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