2012 Q2 Form 10-Q Financial Statement

#000144530512001976 Filed on June 08, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $24.15M $28.61M
YoY Change -15.57% 72.44%
Cost Of Revenue $23.95M $39.48M
YoY Change -39.33% 76.32%
Gross Profit $201.0K -$10.87M
YoY Change -101.85% 87.41%
Gross Profit Margin 0.83% -38.0%
Selling, General & Admin $4.002M $4.454M
YoY Change -10.15% -2.11%
% of Gross Profit 1991.04%
Research & Development $3.956M $4.498M
YoY Change -12.05% -11.63%
% of Gross Profit 1968.16%
Depreciation & Amortization $1.400M $1.560M
YoY Change -10.26% -15.68%
% of Gross Profit 696.52%
Operating Expenses $7.958M $8.952M
YoY Change -11.1% -7.04%
Operating Profit -$7.757M -$19.82M
YoY Change -60.87% 28.46%
Interest Expense $575.0K $928.0K
YoY Change -38.04% -275.09%
% of Operating Profit
Other Income/Expense, Net -$414.0K $610.0K
YoY Change -167.87%
Pretax Income -$8.484M -$20.00M
YoY Change -57.58% 25.23%
Income Tax -$121.0K $9.000K
% Of Pretax Income
Net Earnings -$8.292M -$19.96M
YoY Change -58.45% 25.67%
Net Earnings / Revenue -34.33% -69.76%
Basic Earnings Per Share -$0.06
Diluted Earnings Per Share -$0.06 -$22.94M
COMMON SHARES
Basic Shares Outstanding 150.0M shares
Diluted Shares Outstanding 150.0M shares

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $60.30M $55.00M
YoY Change 9.64% 102.95%
Cash & Equivalents $48.97M $36.98M
Short-Term Investments $0.00 $18.10M
Other Short-Term Assets $5.646M $7.400M
YoY Change -23.7% 60.87%
Inventory $52.69M $36.20M
Prepaid Expenses
Receivables $17.04M $19.90M
Other Receivables $0.00 $0.00
Total Short-Term Assets $165.6M $118.5M
YoY Change 39.77% 47.94%
LONG-TERM ASSETS
Property, Plant & Equipment $22.79M $24.30M
YoY Change -6.22% -19.8%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $9.900M $9.800M
YoY Change 1.02% -63.57%
Other Assets $17.15M $5.900M
YoY Change 190.61% 883.33%
Total Long-Term Assets $49.84M $40.00M
YoY Change 24.6% -30.8%
TOTAL ASSETS
Total Short-Term Assets $165.6M $118.5M
Total Long-Term Assets $49.84M $40.00M
Total Assets $215.5M $158.5M
YoY Change 35.94% 14.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.21M $12.00M
YoY Change 1.73% 81.82%
Accrued Expenses $23.74M $26.30M
YoY Change -9.72% 75.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $6.200M $13.00M
YoY Change -52.31% 1200.0%
Total Short-Term Liabilities $97.07M $82.60M
YoY Change 17.52% 72.44%
LONG-TERM LIABILITIES
Long-Term Debt $4.033M $18.70M
YoY Change -78.43% 345.24%
Other Long-Term Liabilities $6.500M $7.500M
YoY Change -13.33% -69.76%
Total Long-Term Liabilities $4.033M $26.20M
YoY Change -84.61% -9.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $97.07M $82.60M
Total Long-Term Liabilities $4.033M $26.20M
Total Liabilities $120.6M $108.0M
YoY Change 11.7% 40.81%
SHAREHOLDERS EQUITY
Retained Earnings -$715.6M
YoY Change
Common Stock $751.6M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) -$53.00K
YoY Change
Treasury Stock Shares 5.679K shares
Shareholders Equity $36.04M $50.50M
YoY Change
Total Liabilities & Shareholders Equity $215.5M $158.5M
YoY Change 35.94% 14.94%

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income -$8.292M -$19.96M
YoY Change -58.45% 25.67%
Depreciation, Depletion And Amortization $1.400M $1.560M
YoY Change -10.26% -15.68%
Cash From Operating Activities -$12.29M -$16.68M
YoY Change -26.32% 53.73%
INVESTING ACTIVITIES
Capital Expenditures -$750.0K -$450.0K
YoY Change 66.67% -56.31%
Acquisitions
YoY Change
Other Investing Activities $4.500M $25.98M
YoY Change -82.68% -416.83%
Cash From Investing Activities $3.750M $25.53M
YoY Change -85.31% -376.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $32.00M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 28.92M 2.040M
YoY Change 1317.65% -250.0%
NET CHANGE
Cash From Operating Activities -12.29M -16.68M
Cash From Investing Activities 3.750M 25.53M
Cash From Financing Activities 28.92M 2.040M
Net Change In Cash 20.38M 10.89M
YoY Change 87.14% -150.79%
FREE CASH FLOW
Cash From Operating Activities -$12.29M -$16.68M
Capital Expenditures -$750.0K -$450.0K
Free Cash Flow -$11.54M -$16.23M
YoY Change -28.9% 65.27%

Facts In Submission

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-53000 USD
CY2011Q4 fcel Accounts Receivable Common Stock Sale
AccountsReceivableCommonStockSale
0 USD
CY2012Q2 fcel Accounts Receivable Common Stock Sale
AccountsReceivableCommonStockSale
30000000 USD
fcel Accretion Of Redeemable Preferred Stock Of Subsidiary
AccretionOfRedeemablePreferredStockOfSubsidiary
-525000 USD
fcel Accretion Of Redeemable Preferred Stock Of Subsidiary
AccretionOfRedeemablePreferredStockOfSubsidiary
0 USD
fcel Accrued Sale Of Common Stock Cash Received In Subsequent Period
AccruedSaleOfCommonStockCashReceivedInSubsequentPeriod
0 USD
fcel Accrued Sale Of Common Stock Cash Received In Subsequent Period
AccruedSaleOfCommonStockCashReceivedInSubsequentPeriod
-30000000 USD
CY2011Q2 fcel Adjustment For Modification Of Redeemable Preferred Stock Of Subsidiary
AdjustmentForModificationOfRedeemablePreferredStockOfSubsidiary
8987000 USD
CY2012Q2 fcel Adjustment For Modification Of Redeemable Preferred Stock Of Subsidiary
AdjustmentForModificationOfRedeemablePreferredStockOfSubsidiary
0 USD
fcel Adjustment For Modification Of Redeemable Preferred Stock Of Subsidiary
AdjustmentForModificationOfRedeemablePreferredStockOfSubsidiary
8987000 USD
fcel Amortization Of Bond Premium
AmortizationOfBondPremium
42000 USD
fcel Amortization Of Bond Premium
AmortizationOfBondPremium
1065000 USD
fcel Common Stock Issued For Employee Stock Purchase Plan In Settlement Of Prior Year Accrued Employee Contributions
CommonStockIssuedForEmployeeStockPurchasePlanInSettlementOfPriorYearAccruedEmployeeContributions
-84000 USD
fcel Common Stock Issued For Employee Stock Purchase Plan In Settlement Of Prior Year Accrued Employee Contributions
CommonStockIssuedForEmployeeStockPurchasePlanInSettlementOfPriorYearAccruedEmployeeContributions
-58000 USD
fcel Common Stock Issued In Settlement Of Prior Year Bonus Obligation
CommonStockIssuedInSettlementOfPriorYearBonusObligation
-550000 USD
fcel Common Stock Issued In Settlement Of Prior Year Bonus Obligation
CommonStockIssuedInSettlementOfPriorYearBonusObligation
-707000 USD
fcel Income Loss Before Redeemable Preferred Stock Of Subsidiary
IncomeLossBeforeRedeemablePreferredStockOfSubsidiary
-30481000 USD
fcel Income Loss Before Redeemable Preferred Stock Of Subsidiary
IncomeLossBeforeRedeemablePreferredStockOfSubsidiary
-14299000 USD
CY2011Q2 fcel License Fee And Royalty Income
LicenseFeeAndRoyaltyIncome
382000 USD
CY2012Q2 fcel License Fee And Royalty Income
LicenseFeeAndRoyaltyIncome
412000 USD
fcel License Fee And Royalty Income
LicenseFeeAndRoyaltyIncome
788000 USD
fcel License Fee And Royalty Income
LicenseFeeAndRoyaltyIncome
836000 USD
CY2012Q2 fcel Long Term Preferred Stock Obligation Of Subsidiary
LongTermPreferredStockObligationOfSubsidiary
13033000 USD
CY2011Q4 fcel Long Term Preferred Stock Obligation Of Subsidiary
LongTermPreferredStockObligationOfSubsidiary
12878000 USD
fcel Payment Of Preferred Dividends And Return Of Capital
PaymentOfPreferredDividendsAndReturnOfCapital
4406000 USD
fcel Payment Of Preferred Dividends And Return Of Capital
PaymentOfPreferredDividendsAndReturnOfCapital
5275000 USD
CY2011Q4 fcel Preferred Stock Obligation Of Subsidiary
PreferredStockObligationOfSubsidiary
3854000 USD
CY2012Q2 fcel Preferred Stock Obligation Of Subsidiary
PreferredStockObligationOfSubsidiary
1097000 USD
CY2012Q2 fcel Redeemable Preferred Stock Liquidation Preference
RedeemablePreferredStockLiquidationPreference
64020000 USD
CY2011Q4 fcel Redeemable Preferred Stock Liquidation Preference
RedeemablePreferredStockLiquidationPreference
64020000 USD
fcel Treasury Notes Matured
TreasuryNotesMatured
12000000 USD
fcel Treasury Notes Matured
TreasuryNotesMatured
49000000 USD
fcel Treasury Notes Purchased
TreasuryNotesPurchased
33019000 USD
fcel Treasury Notes Purchased
TreasuryNotesPurchased
0 USD
CY2012Q2 fcel Weighted Average Shares Outstanding Basic And Diluted
WeightedAverageSharesOutstandingBasicAndDiluted
150013074 shares
CY2011Q2 fcel Weighted Average Shares Outstanding Basic And Diluted
WeightedAverageSharesOutstandingBasicAndDiluted
125009180 shares
fcel Weighted Average Shares Outstanding Basic And Diluted
WeightedAverageSharesOutstandingBasicAndDiluted
144830437 shares
fcel Weighted Average Shares Outstanding Basic And Diluted
WeightedAverageSharesOutstandingBasicAndDiluted
119963394 shares
CY2012Q2 dei Amendment Flag
AmendmentFlag
false
CY2012Q2 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--10-31
CY2012Q2 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
CY2012Q2 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012Q2 dei Document Period End Date
DocumentPeriodEndDate
2012-04-30
CY2012Q2 dei Document Type
DocumentType
10-Q
CY2012Q2 dei Entity Central Index Key
EntityCentralIndexKey
0000886128
CY2012Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
185921995000 shares
CY2012Q2 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2012Q2 dei Entity Registrant Name
EntityRegistrantName
FUELCELL ENERGY INC

Files In Submission

Name View Source Status
0001445305-12-001976-index-headers.html Edgar Link pending
0001445305-12-001976-index.html Edgar Link pending
0001445305-12-001976.txt Edgar Link pending
0001445305-12-001976-xbrl.zip Edgar Link pending
exhibit1061.htm Edgar Link pending
exhibit1062.htm Edgar Link pending
exhibit1064.htm Edgar Link pending
fcel-20120430.xml Edgar Link completed
fcel-20120430.xsd Edgar Link pending
fcel-20120430_cal.xml Edgar Link unprocessable
fcel-20120430_def.xml Edgar Link unprocessable
fcel-20120430_lab.xml Edgar Link unprocessable
fcel-20120430_pre.xml Edgar Link unprocessable
fcel-2012430.htm Edgar Link pending
fcel-2012430xex311.htm Edgar Link pending
fcel-2012430xex312.htm Edgar Link pending
fcel-2012430xex321.htm Edgar Link pending
fcel-2012430xex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R2.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending