$FCEL
FUELCELL ENERGY INC

2022 Q1 Form 10-Q Financial Statement

#000155837022003220 Filed on March 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $31.80M $14.88M
YoY Change 113.72% -8.53%
Cost Of Revenue $34.69M $18.50M
YoY Change 87.56% 42.49%
Gross Profit -$2.895M -$3.618M
YoY Change -19.98% -210.27%
Gross Profit Margin -9.11% -24.32%
Selling, General & Admin $36.97M $8.932M
YoY Change 313.85% 69.62%
% of Gross Profit
Research & Development $4.984M $1.823M
YoY Change 173.4% 57.84%
% of Gross Profit
Depreciation & Amortization $5.771M $5.604M
YoY Change 2.98% 21.04%
% of Gross Profit
Operating Expenses $41.95M $10.76M
YoY Change 290.04% 67.5%
Operating Profit -$44.84M -$14.37M
YoY Change 212.0% 357.74%
Interest Expense $1.428M $2.545M
YoY Change -43.89% -106.78%
% of Operating Profit
Other Income/Expense, Net $152.0K -$978.0K
YoY Change -115.54% -284.18%
Pretax Income -$46.12M -$45.96M
YoY Change 0.35% 14.52%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$40.62M -$45.96M
YoY Change -11.61% 14.47%
Net Earnings / Revenue -127.77% -308.93%
Basic Earnings Per Share -$0.11 -$0.15
Diluted Earnings Per Share -$0.11 -$0.15
COMMON SHARES
Basic Shares Outstanding 366.7M 312.1M
Diluted Shares Outstanding 366.7M 312.1M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $377.0M $178.6M
YoY Change 111.07% 366.32%
Cash & Equivalents $377.0M $178.6M
Short-Term Investments
Other Short-Term Assets $9.764M $7.422M
YoY Change 31.55% -50.52%
Inventory $65.39M $61.90M
Prepaid Expenses
Receivables $30.70M $18.30M
Other Receivables $0.00 $0.00
Total Short-Term Assets $509.0M $278.4M
YoY Change 82.84% 123.08%
LONG-TERM ASSETS
Property, Plant & Equipment $41.12M $208.4M
YoY Change -80.27% 315.97%
Goodwill $4.100M $4.100M
YoY Change 0.0%
Intangibles $18.30M
YoY Change
Long-Term Investments
YoY Change
Other Assets $18.24M $18.49M
YoY Change -1.34% -90.35%
Total Long-Term Assets $345.7M $274.0M
YoY Change 26.16% 2.78%
TOTAL ASSETS
Total Short-Term Assets $509.0M $278.4M
Total Long-Term Assets $345.7M $274.0M
Total Assets $854.7M $552.4M
YoY Change 54.72% 41.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.30M $8.000M
YoY Change 178.75% -43.26%
Accrued Expenses $25.99M $10.76M
YoY Change 141.46% 73.6%
Deferred Revenue $16.24M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $9.722M $14.60M
YoY Change -33.41% 52.08%
Total Short-Term Liabilities $75.26M $53.10M
YoY Change 41.73% 7.93%
LONG-TERM LIABILITIES
Long-Term Debt $76.52M $76.70M
YoY Change -0.23% -57.03%
Other Long-Term Liabilities $81.29M $35.30M
YoY Change 130.28% -10.18%
Total Long-Term Liabilities $81.29M $112.0M
YoY Change -27.42% -48.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $75.26M $53.10M
Total Long-Term Liabilities $81.29M $112.0M
Total Liabilities $182.6M $165.0M
YoY Change 10.7% -38.2%
SHAREHOLDERS EQUITY
Retained Earnings -$1.306B
YoY Change
Common Stock $1.909B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $650.0K
YoY Change
Treasury Stock Shares $86.66K
Shareholders Equity $602.2M $327.5M
YoY Change
Total Liabilities & Shareholders Equity $854.7M $552.4M
YoY Change 54.72% 41.13%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$40.62M -$45.96M
YoY Change -11.61% 14.47%
Depreciation, Depletion And Amortization $5.771M $5.604M
YoY Change 2.98% 21.04%
Cash From Operating Activities -$47.75M -$30.32M
YoY Change 57.52% 365.99%
INVESTING ACTIVITIES
Capital Expenditures -$15.77M -$4.590M
YoY Change 243.49% -44.7%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$15.77M -$4.591M
YoY Change 243.41% -44.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $156.4M
YoY Change
Debt Paid & Issued, Net $2.530M $82.29M
YoY Change -96.93% 429.72%
Cash From Financing Activities 8.830M 52.39M
YoY Change -83.15% 6.95%
NET CHANGE
Cash From Operating Activities -47.75M -30.32M
Cash From Investing Activities -15.77M -4.591M
Cash From Financing Activities 8.830M 52.39M
Net Change In Cash -54.78M 17.54M
YoY Change -412.28% -48.61%
FREE CASH FLOW
Cash From Operating Activities -$47.75M -$30.32M
Capital Expenditures -$15.77M -$4.590M
Free Cash Flow -$31.99M -$25.73M
YoY Change 24.34% -1534.06%

Facts In Submission

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CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
327506000
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-46120000
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-45960000
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1470000
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1417000
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5771000
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5604000
CY2021Q1 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
15974000
CY2021Q1 fcel Non Cash Charge Benefit For Extinguishment Of Preferred Stock Obligation Of Subsidiary
NonCashChargeBenefitForExtinguishmentOfPreferredStockObligationOfSubsidiary
-934000
CY2022Q1 fcel Amortization Of Bond Premium
AmortizationOfBondPremium
1066000
CY2021Q1 fcel Amortization Of Bond Premium
AmortizationOfBondPremium
1566000
CY2021Q1 fcel Non Cash Charge For Extinguishment Of Debt
NonCashChargeForExtinguishmentOfDebt
7156000
CY2022Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
395000
CY2021Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
378000
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
372000
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
284000
CY2022Q1 fcel Impairment Of Property Plant And Equipment And Project Assets
ImpairmentOfPropertyPlantAndEquipmentAndProjectAssets
976000
CY2022Q1 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
82000
CY2021Q1 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-848000
CY2022Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
316000
CY2021Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-628000
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
15972000
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
458000
CY2022Q1 fcel Increase Decrease In Contract With Customer Unbilled Receivables
IncreaseDecreaseInContractWithCustomerUnbilledReceivables
4369000
CY2021Q1 fcel Increase Decrease In Contract With Customer Unbilled Receivables
IncreaseDecreaseInContractWithCustomerUnbilledReceivables
3466000
CY2022Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2529000
CY2021Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
8602000
CY2022Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1994000
CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
954000
CY2022Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2560000
CY2021Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1887000
CY2022Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
10027000
CY2021Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-5618000
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
1735000
CY2021Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2407000
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-47754000
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-30317000
CY2022Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
5331000
CY2021Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
204000
CY2022Q1 fcel Investment In Long Term Project Assets
InvestmentInLongTermProjectAssets
10435000
CY2021Q1 fcel Investment In Long Term Project Assets
InvestmentInLongTermProjectAssets
4387000
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15766000
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4591000
CY2022Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2530000
CY2021Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
82292000
CY2022Q1 fcel Proceeds From Issuance Of Common Stock Issued For Stock Plans And Related Expenses
ProceedsFromIssuanceOfCommonStockIssuedForStockPlansAndRelatedExpenses
26000
CY2021Q1 fcel Proceeds From Issuance Of Common Stock Issued For Stock Plans And Related Expenses
ProceedsFromIssuanceOfCommonStockIssuedForStockPlansAndRelatedExpenses
8000
CY2022Q1 fcel Proceeds From Sale Of Redeemable Noncontrolling Interest
ProceedsFromSaleOfRedeemableNoncontrollingInterest
12419000
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
285000
CY2021Q1 fcel Repayment Of Preferred Share Obligation
RepaymentOfPreferredShareObligation
21541000
CY2021Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
156363000
CY2021Q1 fcel Proceeds From Sale Of Common Stock And Warrant Exercises Net
ProceedsFromSaleOfCommonStockAndWarrantExercisesNet
654000
CY2022Q1 fcel Payment Of Preferred Dividends And Return Of Capital
PaymentOfPreferredDividendsAndReturnOfCapital
800000
CY2021Q1 fcel Payment Of Preferred Dividends And Return Of Capital
PaymentOfPreferredDividendsAndReturnOfCapital
800000
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
8830000
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
52392000
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-91000
CY2021Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
58000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-54781000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
17542000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
460212000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
192052000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
405431000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
209594000
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
329000
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
8185000
CY2021Q1 fcel Noncash Operating Lease Liabilities
NoncashOperatingLeaseLiabilities
1336000
CY2021Q1 fcel Noncash Operating Lease Right Of Use Assets
NoncashOperatingLeaseRightOfUseAssets
1336000
CY2022Q1 fcel Net Noncash Reclassifications Of Project Assets To Inventory
NetNoncashReclassificationsOfProjectAssetsToInventory
4217000
CY2021Q1 fcel Net Noncash Reclassifications Of Project Assets To Inventory
NetNoncashReclassificationsOfProjectAssetsToInventory
2072000
CY2021Q1 fcel Noncash Warrant Exercises
NoncashWarrantExercises
21170000
CY2022Q1 fcel Accrued Purchase Of Fixed Assets
AccruedPurchaseOfFixedAssets
1077000
CY2021Q1 fcel Accrued Purchase Of Fixed Assets
AccruedPurchaseOfFixedAssets
47000
CY2022Q1 fcel Accrued Purchase Of Project Assets
AccruedPurchaseOfProjectAssets
7640000
CY2021Q1 fcel Accrued Purchase Of Project Assets
AccruedPurchaseOfProjectAssets
839000
CY2022Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 10pt 0pt;"><span style="font-style:italic;font-weight:bold;">Use of Estimates</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 10pt 0pt;">The preparation of financial statements and related disclosures in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and the disclosure of contingent assets and liabilities. Estimates are used in accounting for, among other things, revenue recognition, contract loss accruals, excess, slow-moving and obsolete inventories, product warranty accruals, loss accruals on service agreements, share-based compensation expense, allowance for doubtful accounts, depreciation and amortization, impairment of goodwill and in-process research and development intangible assets, impairment of long-lived assets (including project assets), lease liabilities and right-of-use (“ROU”) assets, and contingencies. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected in the consolidated financial statements in the period they are determined to be necessary. Due to the inherent uncertainty involved in making estimates, actual results in future periods may differ from those estimates.</p>
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
377000000.0
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
432200000
CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
5500000
CY2022Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
24900000
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
20500000
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
34500000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
36700000
CY2022Q1 us-gaap Accounts Receivable Billed For Long Term Contracts Or Programs
AccountsReceivableBilledForLongTermContractsOrPrograms
30009000
CY2021Q4 us-gaap Accounts Receivable Billed For Long Term Contracts Or Programs
AccountsReceivableBilledForLongTermContractsOrPrograms
13854000
CY2022Q1 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
10077000
CY2021Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
7175000
CY2022Q1 fcel Commercial Customers Accounts Receivable
CommercialCustomersAccountsReceivable
40086000
CY2021Q4 fcel Commercial Customers Accounts Receivable
CommercialCustomersAccountsReceivable
21029000
CY2022Q1 fcel Advanced Technologies Including Us Government Amount Billed Receivable
AdvancedTechnologiesIncludingUSGovernmentAmountBilledReceivable
693000
CY2021Q4 fcel Advanced Technologies Including Us Government Amount Billed Receivable
AdvancedTechnologiesIncludingUSGovernmentAmountBilledReceivable
876000
CY2022Q1 fcel Advanced Technologies Including Us Government Unbilled Receivables
AdvancedTechnologiesIncludingUSGovernmentUnbilledReceivables
3481000
CY2021Q4 fcel Advanced Technologies Including Us Government Unbilled Receivables
AdvancedTechnologiesIncludingUSGovernmentUnbilledReceivables
1749000
CY2022Q1 fcel Advanced Technologies Including Us Government Accounts Receivable
AdvancedTechnologiesIncludingUSGovernmentAccountsReceivable
4174000
CY2021Q4 fcel Advanced Technologies Including Us Government Accounts Receivable
AdvancedTechnologiesIncludingUSGovernmentAccountsReceivable
2625000
CY2022Q1 fcel Accounts Receivable Net And Unbilled Receivables
AccountsReceivableNetAndUnbilledReceivables
44260000
CY2021Q4 fcel Accounts Receivable Net And Unbilled Receivables
AccountsReceivableNetAndUnbilledReceivables
23654000
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0
CY2022Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
27914000
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
25968000
CY2022Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
42058000
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
45692000
CY2022Q1 fcel Inventory Current And Non Current
InventoryCurrentAndNonCurrent
69972000
CY2021Q4 fcel Inventory Current And Non Current
InventoryCurrentAndNonCurrent
71660000
CY2022Q1 us-gaap Inventory Net
InventoryNet
65386000
CY2021Q4 us-gaap Inventory Net
InventoryNet
67074000
CY2022Q1 us-gaap Inventory Noncurrent
InventoryNoncurrent
4586000
CY2021Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
4586000
CY2022Q1 fcel Completed Standard Component And Modules
CompletedStandardComponentAndModules
26500000
CY2021Q4 fcel Completed Standard Component And Modules
CompletedStandardComponentAndModules
39700000
CY2022Q1 fcel Project Asset Accumulated Depreciation
ProjectAssetAccumulatedDepreciation
20451000
CY2021Q4 fcel Project Asset Accumulated Depreciation
ProjectAssetAccumulatedDepreciation
19844000
CY2022Q1 fcel Long Term Project Assets
LongTermProjectAssets
235602000
CY2021Q4 fcel Long Term Project Assets
LongTermProjectAssets
223277000
CY2022Q1 fcel Number Of Project Assets
NumberOfProjectAssets
10
CY2021 fcel Number Of Project Assets
NumberOfProjectAssets
9
CY2022Q1 fcel Long Term Project Assets Construction In Progress
LongTermProjectAssetsConstructionInProgress
90600000
CY2021Q4 fcel Long Term Project Assets Construction In Progress
LongTermProjectAssetsConstructionInProgress
126800000
CY2021Q1 us-gaap Goodwill
Goodwill
4100000
CY2022Q1 us-gaap Goodwill
Goodwill
4100000
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
18300000
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
18700000
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
21912000
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3566000
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
18346000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
21912000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3242000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
18670000
CY2022Q1 fcel Advance Payments To Vendors
AdvancePaymentsToVendors
4409000
CY2021Q4 fcel Advance Payments To Vendors
AdvancePaymentsToVendors
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CY2022Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5355000
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5172000
CY2022Q1 us-gaap Other Assets Current
OtherAssetsCurrent
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CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
9177000
CY2021Q4 fcel Long Term Stack Residual Value
LongTermStackResidualValue
263000
CY2022Q1 fcel Contract With Customer Unbilled Receivables Noncurrent
ContractWithCustomerUnbilledReceivablesNoncurrent
11316000
CY2021Q4 fcel Contract With Customer Unbilled Receivables Noncurrent
ContractWithCustomerUnbilledReceivablesNoncurrent
11581000
CY2022Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
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CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
5154000
CY2022Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
18240000
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
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CY2016Q2 fcel Number Of Customers Under Agreement
NumberOfCustomersUnderAgreement
1
CY2022Q1 us-gaap Contractual Obligation
ContractualObligation
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CY2022Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2723000
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2544000
CY2022Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
297000
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
72000
CY2022Q1 fcel Accrued Service And Performance
AccruedServiceAndPerformance
8667000
CY2021Q4 fcel Accrued Service And Performance
AccruedServiceAndPerformance
9112000
CY2022Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
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CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4371000
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
25988000
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
16099000
CY2022Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
200000
CY2021Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
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CY2022Q1 fcel Loss Reserve On Service Agreements
LossReserveOnServiceAgreements
5800000
CY2021Q4 fcel Loss Reserve On Service Agreements
LossReserveOnServiceAgreements
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CY2021Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
400000
CY2022Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
400000
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P20Y
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.082
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.082
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
400000
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
300000
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2022Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
53000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1515000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1002000
CY2022Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
854000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
774000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
779000
CY2022Q1 fcel Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
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CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
18922000
CY2022Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
102000
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
10088000
CY2022Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
11000
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
8834000
CY2022Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
91000
CY2022Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
312109888
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.15
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4287147
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3940853
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
28500000
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
28000000.0
CY2022Q1 fcel Cash Restricted For Outstanding Letters Of Credit
CashRestrictedForOutstandingLettersOfCredit
4891000
CY2021Q4 fcel Cash Restricted For Outstanding Letters Of Credit
CashRestrictedForOutstandingLettersOfCredit
6478000
CY2022Q1 fcel Cash Restricted For Pnc Sale Leaseback Transactions
CashRestrictedForPNCSaleLeasebackTransactions
4045000
CY2021Q4 fcel Cash Restricted For Pnc Sale Leaseback Transactions
CashRestrictedForPNCSaleLeasebackTransactions
5514000
CY2022Q1 fcel Cash Restricted For Crestmark Sale Leaseback Transaction
CashRestrictedForCrestmarkSaleLeasebackTransaction
2888000
CY2021Q4 fcel Cash Restricted For Crestmark Sale Leaseback Transaction
CashRestrictedForCrestmarkSaleLeasebackTransaction
2887000
CY2022Q1 fcel Bridgeport Fuel Cell Park Project Debt Service And Performance Reserves
BridgeportFuelCellParkProjectDebtServiceAndPerformanceReserves
14528000
CY2021Q4 fcel Bridgeport Fuel Cell Park Project Debt Service And Performance Reserves
BridgeportFuelCellParkProjectDebtServiceAndPerformanceReserves
11937000
CY2022Q1 fcel Other Restricted Cash
OtherRestrictedCash
2116000
CY2021Q4 fcel Other Restricted Cash
OtherRestrictedCash
1183000
CY2022Q1 us-gaap Restricted Cash
RestrictedCash
28468000
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
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CY2022Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
12643000
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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11268000
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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15825000
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
16731000
CY2022Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
91000
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
102000
CY2022Q1 us-gaap Deferred Finance Costs Net
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1447000
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1556000
CY2022Q1 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
86246000
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
87708000
CY2022Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
9722000
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
10085000
CY2022Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
76524000
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
77623000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Expiration Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate
2024-10-31
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Description
ShareBasedCompensationArrangementByShareBasedPaymentAwardDescription
Should the Company’s share price achieve the 200% performance level, awardees will receive up to 169,026 additional performance units.
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1409000
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1371000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
2543541
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
5.08
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
3276776
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
6.27
CY2022Q1 fcel Number Of Project Under Power Purchase Agreement
NumberOfProjectUnderPowerPurchaseAgreement
3
CY2022Q1 fcel Number Of Project Under Power Purchase Agreement
NumberOfProjectUnderPowerPurchaseAgreement
3
CY2022Q1 fcel Number Of Project Under Power Purchase Agreement
NumberOfProjectUnderPowerPurchaseAgreement
3
CY2022Q1 us-gaap Recorded Unconditional Purchase Obligation
RecordedUnconditionalPurchaseObligation
85400000
CY2022Q1 fcel Accounts Receivable Include Outstanding Receivables
AccountsReceivableIncludeOutstandingReceivables
11200000
CY2020Q4 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
880000000

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