2014 Q2 Form 10-Q Financial Statement

#000088612814000011 Filed on June 05, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $38.27M $42.44M
YoY Change -9.81% 75.7%
Cost Of Revenue $36.66M $40.12M
YoY Change -8.62% 67.51%
Gross Profit $1.611M $2.314M
YoY Change -30.38% 1051.24%
Gross Profit Margin 4.21% 5.45%
Selling, General & Admin $5.746M $5.436M
YoY Change 5.7% 35.83%
% of Gross Profit 356.67% 234.92%
Research & Development $4.638M $4.075M
YoY Change 13.82% 3.01%
% of Gross Profit 287.9% 176.1%
Depreciation & Amortization $1.110M $1.050M
YoY Change 5.71% -25.0%
% of Gross Profit 68.9% 45.38%
Operating Expenses $10.38M $9.511M
YoY Change 9.18% 19.51%
Operating Profit -$8.773M -$7.197M
YoY Change 21.9% -7.22%
Interest Expense $891.0K $574.0K
YoY Change 55.23% -0.17%
% of Operating Profit
Other Income/Expense, Net -$6.307M $177.0K
YoY Change -3663.28% -142.75%
Pretax Income -$15.97M -$7.594M
YoY Change 110.31% -10.49%
Income Tax $68.00K $35.00K
% Of Pretax Income
Net Earnings -$15.84M -$7.365M
YoY Change 115.11% -11.18%
Net Earnings / Revenue -41.39% -17.36%
Basic Earnings Per Share -$0.07 -$0.04
Diluted Earnings Per Share -$0.07 -$0.04
COMMON SHARES
Basic Shares Outstanding 243.3M shares 190.4M shares
Diluted Shares Outstanding 243.3M shares 190.4M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $64.30M $56.00M
YoY Change 14.82% -7.13%
Cash & Equivalents $64.25M $56.04M
Short-Term Investments
Other Short-Term Assets $8.491M $7.828M
YoY Change 8.47% 38.65%
Inventory $55.71M $49.87M
Prepaid Expenses
Receivables $34.74M $29.39M
Other Receivables $400.0K $300.0K
Total Short-Term Assets $168.1M $153.8M
YoY Change 9.27% -7.13%
LONG-TERM ASSETS
Property, Plant & Equipment $24.17M $21.91M
YoY Change 10.31% -3.85%
Goodwill $4.075M $4.245M
YoY Change -4.0%
Intangibles $9.592M $9.592M
YoY Change 0.0%
Long-Term Investments $0.00
YoY Change -100.0%
Other Assets $2.804M $12.97M
YoY Change -78.38% -24.37%
Total Long-Term Assets $60.88M $53.67M
YoY Change 13.43% 7.68%
TOTAL ASSETS
Total Short-Term Assets $168.1M $153.8M
Total Long-Term Assets $60.88M $53.67M
Total Assets $229.0M $207.5M
YoY Change 10.35% -3.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.61M $19.56M
YoY Change -25.3% 60.26%
Accrued Expenses $12.07M $19.71M
YoY Change -38.75% -17.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.346M -$4.410M
YoY Change -130.52% -171.13%
Total Short-Term Liabilities $80.88M $104.9M
YoY Change -22.93% 8.11%
LONG-TERM LIABILITIES
Long-Term Debt $10.31M $6.844M
YoY Change 50.66% 69.7%
Other Long-Term Liabilities $14.50M $21.00M
YoY Change -30.95% 223.08%
Total Long-Term Liabilities $24.81M $6.844M
YoY Change 262.54% 69.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $80.88M $104.9M
Total Long-Term Liabilities $24.81M $6.844M
Total Liabilities $128.1M $150.2M
YoY Change -14.7% 24.51%
SHAREHOLDERS EQUITY
Retained Earnings -$797.6M -$755.9M
YoY Change 5.52% 5.63%
Common Stock $839.6M $753.5M
YoY Change 11.43% 0.25%
Preferred Stock
YoY Change
Treasury Stock (at cost) $95.00K $53.00K
YoY Change 79.25% -200.0%
Treasury Stock Shares 45.55K shares 5.679K shares
Shareholders Equity $42.16M -$2.293M
YoY Change
Total Liabilities & Shareholders Equity $229.0M $207.5M
YoY Change 10.35% -3.7%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income -$15.84M -$7.365M
YoY Change 115.11% -11.18%
Depreciation, Depletion And Amortization $1.110M $1.050M
YoY Change 5.71% -25.0%
Cash From Operating Activities -$10.61M -$14.79M
YoY Change -28.26% 20.34%
INVESTING ACTIVITIES
Capital Expenditures -$1.130M -$1.150M
YoY Change -1.74% 53.33%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$1.130M -$1.160M
YoY Change -2.59% -130.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.620M 1.410M
YoY Change -285.82% -95.12%
NET CHANGE
Cash From Operating Activities -10.61M -14.79M
Cash From Investing Activities -1.130M -1.160M
Cash From Financing Activities -2.620M 1.410M
Net Change In Cash -14.36M -14.54M
YoY Change -1.24% -171.34%
FREE CASH FLOW
Cash From Operating Activities -$10.61M -$14.79M
Capital Expenditures -$1.130M -$1.150M
Free Cash Flow -$9.480M -$13.64M
YoY Change -30.5% 18.2%

Facts In Submission

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FUELCELL ENERGY INC

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