2017 Form 10-K Financial Statement

#000156459018000401 Filed on January 11, 2018

View on sec.gov

Income Statement

Concept 2017 2016 Q4 2016 Q3
Revenue $95.67M $24.47M $21.72M
YoY Change -11.63% -52.43% -47.49%
Cost Of Revenue $92.93M $24.94M $21.28M
YoY Change -14.43% -48.38% -43.64%
Gross Profit $2.734M -$468.0K $434.0K
YoY Change -865.83% -114.89% -87.93%
Gross Profit Margin 2.86% -1.91% 2.0%
Selling, General & Admin $25.92M $6.210M $5.458M
YoY Change 3.05% -0.16% -10.54%
% of Gross Profit 947.92% 1257.6%
Research & Development $20.40M $5.130M $5.299M
YoY Change -2.15% 7.1% 15.27%
% of Gross Profit 746.09% 1220.97%
Depreciation & Amortization $4.400M $1.370M $1.240M
YoY Change 2.33% 24.55% 16.98%
% of Gross Profit 160.94% 285.71%
Operating Expenses $47.67M $11.34M $10.76M
YoY Change 3.64% 3.0% 0.55%
Operating Profit -$44.94M -$11.81M -$10.32M
YoY Change -3.06% 50.08% 45.33%
Interest Expense $9.171M -$1.760M $1.373M
YoY Change 84.97% 128.57% 51.71%
% of Operating Profit
Other Income/Expense, Net $247.0K $730.0K $749.0K
YoY Change -60.29% -505.56% -48.84%
Pretax Income -$53.86M -$12.83M -$10.95M
YoY Change 15.31% 45.63% 67.28%
Income Tax $44.00K $120.0K $120.0K
% Of Pretax Income
Net Earnings -$53.90M -$12.95M -$11.01M
YoY Change 5.78% 45.4% 68.37%
Net Earnings / Revenue -56.34% -52.91% -50.7%
Basic Earnings Per Share -$13.73 -$0.38
Diluted Earnings Per Share -$13.73 -$4.676M -$0.38
COMMON SHARES
Basic Shares Outstanding 4.160M 31.02M
Diluted Shares Outstanding 4.160M 31.02M

Balance Sheet

Concept 2017 2016 Q4 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $49.30M $84.20M $94.20M
YoY Change -41.45% 42.95% 43.82%
Cash & Equivalents $49.30M $84.19M $94.15M
Short-Term Investments
Other Short-Term Assets $11.20M $10.18M $7.252M
YoY Change -39.78% 46.4% -28.43%
Inventory $74.50M $73.81M $78.20M
Prepaid Expenses
Receivables $68.50M $24.59M $29.29M
Other Receivables $0.00 $1.000M $900.0K
Total Short-Term Assets $203.5M $202.2M $234.0M
YoY Change 0.64% -0.83% 3.92%
LONG-TERM ASSETS
Property, Plant & Equipment $43.60M $36.64M $30.49M
YoY Change 19.13% 26.34% 12.84%
Goodwill $4.075M $4.075M
YoY Change 0.0% 0.0%
Intangibles $9.592M $9.592M
YoY Change 0.0% 0.0%
Long-Term Investments
YoY Change
Other Assets $123.0M $16.42M $7.917M
YoY Change 39.46% 422.44% 129.01%
Total Long-Term Assets $180.3M $138.5M $95.66M
YoY Change 30.18% 88.9% 47.77%
TOTAL ASSETS
Total Short-Term Assets $203.5M $202.2M $234.0M
Total Long-Term Assets $180.3M $138.5M $95.66M
Total Assets $383.8M $340.7M $329.6M
YoY Change 12.65% 22.9% 13.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $42.60M $18.48M $16.00M
YoY Change 130.27% 17.34% -16.69%
Accrued Expenses $11.40M $20.90M $19.72M
YoY Change -35.23% 9.0% 14.13%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $29.10M $5.010M $14.00M
YoY Change 401.72% -31.91% 102.59%
Total Short-Term Liabilities $98.10M $52.00M $68.54M
YoY Change 88.65% -30.57% -18.1%
LONG-TERM LIABILITIES
Long-Term Debt $78.00M $76.76M $38.53M
YoY Change -16.58% 758.13% 53.5%
Other Long-Term Liabilities $18.90M $80.86M $42.60M
YoY Change -10.0% 522.06% 223.98%
Total Long-Term Liabilities $96.90M $157.6M $81.13M
YoY Change -15.37% 618.29% 516.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $98.10M $52.00M $68.54M
Total Long-Term Liabilities $96.90M $157.6M $81.13M
Total Liabilities $195.0M $166.5M $145.0M
YoY Change 17.12% 35.77% 9.89%
SHAREHOLDERS EQUITY
Retained Earnings -$889.6M -$876.8M
YoY Change 6.08% 5.66%
Common Stock $1.005B $1.003B
YoY Change 7.5% 7.95%
Preferred Stock
YoY Change
Treasury Stock (at cost) $179.0K $179.0K
YoY Change 129.49% 219.64%
Treasury Stock Shares $21.53K 21.53K shares
Shareholders Equity $188.8M $114.4M $125.5M
YoY Change
Total Liabilities & Shareholders Equity $383.8M $340.7M $329.6M
YoY Change 12.65% 22.9% 13.71%

Cashflow Statement

Concept 2017 2016 Q4 2016 Q3
OPERATING ACTIVITIES
Net Income -$53.90M -$12.95M -$11.01M
YoY Change 5.78% 45.4% 68.37%
Depreciation, Depletion And Amortization $4.400M $1.370M $1.240M
YoY Change 2.33% 24.55% 16.98%
Cash From Operating Activities -$71.85M -$90.00K -$25.01M
YoY Change 54.19% -98.98% 7.94%
INVESTING ACTIVITIES
Capital Expenditures -$32.08M -$30.98M -$3.470M
YoY Change -22.61% 902.59% 567.31%
Acquisitions
YoY Change
Other Investing Activities $630.0K $0.00
YoY Change
Cash From Investing Activities -$31.44M -$30.98M -$3.470M
YoY Change -24.14% 902.59% 567.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $8.571M
YoY Change -71.85%
Cash From Financing Activities 72.29M 20.58M 40.86M
YoY Change -40.09% 208.08% 548.57%
NET CHANGE
Cash From Operating Activities -71.85M -90.00K -25.01M
Cash From Investing Activities -31.44M -30.98M -3.470M
Cash From Financing Activities 72.29M 20.58M 40.86M
Net Change In Cash -30.87M -10.49M 12.38M
YoY Change -194.76% 101.73% -171.19%
FREE CASH FLOW
Cash From Operating Activities -$71.85M -$90.00K -$25.01M
Capital Expenditures -$32.08M -$30.98M -$3.470M
Free Cash Flow -$39.77M $30.89M -$21.54M
YoY Change 672.89% -641.93% -4.9%

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CY2016 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2017 us-gaap Share Based Goods And Nonemployee Services Transaction Stockholders Equity
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CY2017 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2017 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2017 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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CY2017 us-gaap Share Based Compensation
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CY2016 us-gaap Share Based Compensation
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CY2015 us-gaap Share Based Compensation
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CY2017 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
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CY2016 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
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14000
CY2015 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
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23000
CY2017 fcel Depreciation Include Property Plant And Equipment And Project Assets
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CY2016 fcel Depreciation Include Property Plant And Equipment And Project Assets
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CY2015 fcel Depreciation Include Property Plant And Equipment And Project Assets
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4099000
CY2017 fcel Amortization Of Non Cash Interest Expense
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6256000
CY2016 fcel Amortization Of Non Cash Interest Expense
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3207000
CY2015 fcel Amortization Of Non Cash Interest Expense
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1830000
CY2017 us-gaap Foreign Currency Transaction Gain Loss Realized
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CY2016 us-gaap Foreign Currency Transaction Gain Loss Realized
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324000
CY2015 us-gaap Foreign Currency Transaction Gain Loss Realized
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CY2016 us-gaap Other Noncash Income Expense
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CY2017 us-gaap Increase Decrease In Accounts Receivable
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51276000
CY2016 us-gaap Increase Decrease In Accounts Receivable
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CY2015 us-gaap Increase Decrease In Accounts Receivable
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CY2017Q4 us-gaap Capital Lease Obligations
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632000
CY2017Q4 us-gaap Deferred Finance Costs Net
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1344000
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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5010000
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations
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CY2017 us-gaap Increase Decrease In Inventories
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7972000
CY2016 us-gaap Increase Decrease In Inventories
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8052000
CY2015 us-gaap Increase Decrease In Inventories
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10100000
CY2017 fcel Increase Decrease In Project Assets
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0
CY2016 fcel Increase Decrease In Project Assets
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CY2015 fcel Increase Decrease In Project Assets
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11398000
CY2017 us-gaap Increase Decrease In Other Operating Assets
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714000
CY2016 us-gaap Increase Decrease In Other Operating Assets
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837000
CY2015 us-gaap Increase Decrease In Other Operating Assets
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-1022000
CY2017 us-gaap Increase Decrease In Accounts Payable
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25020000
CY2016 us-gaap Increase Decrease In Accounts Payable
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-3019000
CY2015 us-gaap Increase Decrease In Accounts Payable
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-7224000
CY2017 us-gaap Increase Decrease In Accrued Liabilities
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-2290000
CY2016 us-gaap Increase Decrease In Accrued Liabilities
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1240000
CY2015 us-gaap Increase Decrease In Accrued Liabilities
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6435000
CY2017 us-gaap Increase Decrease In Deferred Revenue
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-906000
CY2016 us-gaap Increase Decrease In Deferred Revenue
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-26648000
CY2015 us-gaap Increase Decrease In Deferred Revenue
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-3898000
CY2017 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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-71845000
CY2016 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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-46595000
CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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-44274000
CY2017 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
12351000
CY2016 us-gaap Payments To Acquire Productive Assets
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7726000
CY2015 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
6930000
CY2017 fcel Investment In Long Term Project Assets
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19726000
CY2016 fcel Investment In Long Term Project Assets
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33726000
CY2015 fcel Investment In Long Term Project Assets
InvestmentInLongTermProjectAssets
0
CY2017 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
633000
CY2016 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
0
CY2015 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
0
CY2017 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-31444000
CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-41452000
CY2015 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-6930000
CY2017 us-gaap Repayments Of Long Term Debt
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8571000
CY2016 us-gaap Repayments Of Long Term Debt
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30452000
CY2015 us-gaap Repayments Of Long Term Debt
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1535000
CY2017 us-gaap Proceeds From Issuance Of Debt
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17877000
CY2016 us-gaap Proceeds From Issuance Of Debt
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85935000
CY2015 us-gaap Proceeds From Issuance Of Debt
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6763000
CY2017 us-gaap Payments Of Financing Costs
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206000
CY2016 us-gaap Payments Of Financing Costs
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1758000
CY2015 us-gaap Payments Of Financing Costs
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0
CY2017 us-gaap Payments To Minority Shareholders
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0
CY2016 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3000
CY2015 us-gaap Payments To Minority Shareholders
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0
CY2017 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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27866000
CY2016 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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0
CY2015 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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0
CY2017 fcel Proceeds From Common Stock Issuance And Warrant Exercises Net Of Registration Fees
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39396000
CY2016 fcel Proceeds From Common Stock Issuance And Warrant Exercises Net Of Registration Fees
ProceedsFromCommonStockIssuanceAndWarrantExercisesNetOfRegistrationFees
70929000
CY2015 fcel Proceeds From Common Stock Issuance And Warrant Exercises Net Of Registration Fees
ProceedsFromCommonStockIssuanceAndWarrantExercisesNetOfRegistrationFees
27060000
CY2017 fcel Payment Of Preferred Dividends And Return Of Capital
PaymentOfPreferredDividendsAndReturnOfCapital
4156000
CY2016 fcel Payment Of Preferred Dividends And Return Of Capital
PaymentOfPreferredDividendsAndReturnOfCapital
4170000
CY2015 fcel Payment Of Preferred Dividends And Return Of Capital
PaymentOfPreferredDividendsAndReturnOfCapital
4202000
CY2017 fcel Proceedsfrom Issuanceof Common Stock Issuedfor Stock Plansand Related Expenses
ProceedsfromIssuanceofCommonStockIssuedforStockPlansandRelatedExpenses
86000
CY2016 fcel Proceedsfrom Issuanceof Common Stock Issuedfor Stock Plansand Related Expenses
ProceedsfromIssuanceofCommonStockIssuedforStockPlansandRelatedExpenses
177000
CY2015 fcel Proceedsfrom Issuanceof Common Stock Issuedfor Stock Plansand Related Expenses
ProceedsfromIssuanceofCommonStockIssuedforStockPlansandRelatedExpenses
133000
CY2017 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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72292000
CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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120658000
CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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28219000
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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129000
CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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-35000
CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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-108000
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-30868000
CY2016 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
32576000
CY2015 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-23093000
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
118316000
CY2015Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
85740000
CY2014Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
108833000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
87448000
CY2017 us-gaap Revenue Recognition Services Royalty Fees
RevenueRecognitionServicesRoyaltyFees
<div> <p style="text-align:justify;margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">License Agreements and Royalty Income</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Cell Technology Transfer and License Agreement dated October 31, 2012 by and between the Company and POSCO Energy, Co., (the "CTTA") provides POSCO Energy with the technology to manufacture SureSource power plants in South Korea and the exclusive market access to sell power plants throughout Asia. &#160;In connection with the CTTA, fees totaling $18.0 million were paid between fiscal year 2012 and 2015 and are being amortized over the term of the CTTA.&nbsp;&nbsp;</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company also receives royalties from POSCO Energy under the 2007 Technology Transfer, Distribution and Licensing Agreement ("TTA") and the 2009 Stack Technology Transfer and License Agreement ("STTA") at the rate of 3.0% of POSCO Energy net sales.&nbsp;&nbsp;Additionally, under the STTA certain license fee income aggregating $7.0 million is being recognized ratably over fifteen years beginning November 1, 2012.&nbsp;&nbsp;Under the terms of the TTA, POSCO Energy manufactures BOP in South Korea using its design, procurement and manufacturing expertise. The STTA allows POSCO Energy to produce fuel cell modules which will be combined with BOP manufactured in South Korea to complete electricity-producing fuel cell power plants for sale in South Korea. </p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company has a Master Service Agreement with POSCO Energy, whereby POSCO Energy has more responsibility for servicing installations in Asia that utilize power plants manufactured by POSCO Energy.&nbsp;&nbsp;The Company performs engineering and support services for each unit in the installed fleet and receives quarterly fees as well as a 3.0% royalty on each fuel cell module replacement under service agreements that were built by POSCO Energy and installed at any plant in Asia. </p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In April 2014, the Company entered into an Integrated Global Supply Chain Plan Agreement ("IGSCP") with POSCO Energy.&nbsp;&nbsp;FuelCell Energy provides procurement services for POSCO Energy and receives fixed compensation for services rendered.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company recorded revenue of $2.7 million, $6.2 million and $3.9 million for the years ended October 31, 2017, 2016 and 2015, respectively, relating to the above agreements.</p></div>
CY2017 us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<div> <p style="text-align:justify;margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Deferred Revenue and Customer Deposits</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We receive payments from customers upon the acceptance of a purchase order and when contractual milestones are reached. These payments may be deferred based on the nature of the payment and status of the specific project. Deferred revenue is recognized as revenue in accordance with our revenue recognition policies summarized above.</p></div>
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="text-align:justify;margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements and related disclosures in conformity with accounting principles generally accepted in the U.S. 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, excess and obsolete inventories, product warranty costs, accruals for service agreements, allowance for uncollectible receivables, depreciation and amortization, impairment of goodwill, indefinite-lived intangible assets and long-lived assets, income taxes, 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.&nbsp;&nbsp;Due to the inherent uncertainty involved in making estimates, actual results in future periods may differ from those estimates.</p></div>
CY2017 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div> <p style="text-align:justify;margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Recent Accounting Guidance Not Yet Effective</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In May 2014, the FASB issued ASU No. 2014-09, &#8220;Revenue from Contracts with Customers (Topic 606).&#8221; This topic provides for five principles which should be followed to determine the appropriate amount and timing of revenue recognition for the transfer of goods and services to customers. The principles in this ASU should be applied to all contracts with customers regardless of industry. The amendments in this ASU are effective for fiscal years, and interim periods within those years beginning after December 15, 2016, with two transition methods of adoption allowed. Early adoption for reporting periods prior to December 15, 2016 is not permitted. In March 2015, the FASB voted to defer the effective date by one year to fiscal years, and interim periods within those fiscal years beginning after December 15, 2017 (first quarter of fiscal year 2019 for the Company), but allow adoption as of the original adoption date.&nbsp;&nbsp;The Company has numerous different revenue sources including the sale and installation of fuel cell power plants, site engineering and construction services, sale of modules, BOPs and spare parts, extended warranty service agreements, sale of electricity under power purchase agreements, license fees and royalty income from manufacturing and technology transfer agreements and customer-sponsored Advanced Technologies projects.&nbsp;&nbsp;This requires application of various revenue recognition methods under current accounting guidance.&nbsp;&nbsp;Although we anticipate that, upon adoption of this new ASU the timing of revenue recognition for certain of our revenue sources might change, we are still evaluating the financial statement impacts of the guidance in this ASU and determining which transition method we will utilize. In May 2016, the FASB issued ASU 2016-12, &#8220;Revenue from Contracts with Customers (Topic 606).&#8221;&nbsp;&nbsp;This topic provides narrow-scope improvements and practical expedients regarding collectability, presentation of sales tax collected from customers, non-cash consideration, contract modifications at transition, completed contracts at transition and other technical corrections.&nbsp;&nbsp;We have initiated a review of the contracts for our significant revenue streams to understand the impact of the adoption of this ASU.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In February 2016, the FASB issued ASU 2016-02, &#8220;Leases&#8221; which, for operating leases, requires a lessee to recognize a right-of-use asset and a lease liability, initially measured at the present value of the lease payments, in its balance sheet. The standard also requires a lessee to recognize a single lease cost, calculated so that the cost of the lease is allocated over the lease term, on a generally straight-line basis. This ASU is effective for public companies for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years (first quarter of fiscal year 2020 for the Company). Early adoption is permitted. The Company has both operating and capital leases (refer to Note 18. Commitments and contingences) as well as sale-leasebacks accounted for under the finance method and may have other arrangements that contain embedded leases as characterized in this ASU.&nbsp;&nbsp;We expect that adoption of this ASU will result in the recognition of right-of-use assets and lease liabilities not currently recorded in our consolidated financial statements under existing accounting guidance. However we are still evaluating all of the Company&#8217;s contractual arrangements and the impact that adoption of ASU 2016-02 will have on the Company&#8217;s consolidated financial statements.</p></div>
CY2016Q4 fcel Long Term Stack Residual Value
LongTermStackResidualValue
0
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
38200000
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
34100000
CY2017 fcel Letter Of Credit Date Of Expiration
LetterOfCreditDateOfExpiration
2019-04-01
CY2017Q4 us-gaap Customer Advances Current
CustomerAdvancesCurrent
3000000
CY2016Q4 us-gaap Customer Advances Current
CustomerAdvancesCurrent
5300000
CY2017Q4 fcel Short Term Project Assets
ShortTermProjectAssets
0
CY2017 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2016 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2015 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2017 fcel Excess Service Agreements Term
ExcessServiceAgreementsTerm
P5Y
CY2017 us-gaap Extended Product Warranty Description
ExtendedProductWarrantyDescription
We warranty our products for a specific period of time against manufacturing or performance defects. Our U.S. warranty is limited to a term generally 15 months after shipment or 12 months after acceptance of our products.
CY2017Q4 us-gaap Product Warranty Accrual
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348000
CY2016Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
516000
CY2017Q4 fcel Reserve For Performance Guarantees
ReserveForPerformanceGuarantees
2200000
CY2016Q4 fcel Reserve For Performance Guarantees
ReserveForPerformanceGuarantees
3300000
CY2017Q4 fcel Loss Reserve On Service Agreements
LossReserveOnServiceAgreements
1100000
CY2016Q4 fcel Loss Reserve On Service Agreements
LossReserveOnServiceAgreements
2700000
CY2016Q4 us-gaap Accounts Receivable Billed For Long Term Contracts Or Programs
AccountsReceivableBilledForLongTermContractsOrPrograms
5411000
CY2017Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
18162000
CY2016Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
13651000
CY2017Q4 fcel Commercial Customers Accounts Receivable
CommercialCustomersAccountsReceivable
59235000
CY2016Q4 fcel Commercial Customers Accounts Receivable
CommercialCustomersAccountsReceivable
19062000
CY2017Q4 fcel Long Term Stack Residual Value
LongTermStackResidualValue
987000
CY2017Q4 fcel Future License Fees To Be Paid
FutureLicenseFeesToBePaid
18000000
CY2017 fcel Reduced Royalty Percentage
ReducedRoyaltyPercentage
0.030
CY2017 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-700000
CY2016 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
300000
CY2015 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
1700000
CY2017 us-gaap Restructuring And Related Activities Completion Date
RestructuringAndRelatedActivitiesCompletionDate
2016-11-30
CY2017 us-gaap Restructuring And Related Cost Expected Number Of Positions Eliminated
RestructuringAndRelatedCostExpectedNumberOfPositionsEliminated
96
CY2017Q4 us-gaap Restructuring And Related Cost Number Of Positions Eliminated Inception To Date Percent
RestructuringAndRelatedCostNumberOfPositionsEliminatedInceptionToDatePercent
0.17
CY2016Q4 fcel Restructuring And Related Activities Production Capacity
RestructuringAndRelatedActivitiesProductionCapacity
25
CY2016Q4 fcel Restructuring And Related Activities Production Capacity
RestructuringAndRelatedActivitiesProductionCapacity
50
CY2017Q4 us-gaap Government Contract Receivable
GovernmentContractReceivable
1934000
CY2016Q4 us-gaap Government Contract Receivable
GovernmentContractReceivable
2463000
CY2017Q4 us-gaap Government Contract Receivable Unbilled Amounts
GovernmentContractReceivableUnbilledAmounts
7352000
CY2016Q4 us-gaap Government Contract Receivable Unbilled Amounts
GovernmentContractReceivableUnbilledAmounts
3068000
CY2017Q4 fcel Us Government Accounts Receivable
USGovernmentAccountsReceivable
9286000
CY2016Q4 fcel Us Government Accounts Receivable
USGovernmentAccountsReceivable
5531000
CY2017Q4 us-gaap Accounts Receivable Billed For Long Term Contracts Or Programs
AccountsReceivableBilledForLongTermContractsOrPrograms
41073000
CY2017Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
20065000
CY2016Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
25286000
CY2017Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
54431000
CY2016Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
48520000
CY2017Q4 fcel Completed Standard Component
CompletedStandardComponent
46300000
CY2016Q4 fcel Completed Standard Component
CompletedStandardComponent
40600000
CY2017Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
200000
CY2016Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
800000
CY2017Q4 fcel Long Term Project Assets Construction In Progress
LongTermProjectAssetsConstructionInProgress
40900000
CY2017 fcel Number Of Project Assets
NumberOfProjectAssets
4
CY2016 fcel Number Of Project Assets
NumberOfProjectAssets
1
CY2017Q4 us-gaap Sale Leaseback Transaction Net Book Value
SaleLeasebackTransactionNetBookValue
30200000
CY2016Q4 us-gaap Sale Leaseback Transaction Net Book Value
SaleLeasebackTransactionNetBookValue
6200000
CY2017 fcel Depreciation Expense On Project Assets
DepreciationExpenseOnProjectAssets
4100000
CY2016 fcel Depreciation Expense On Project Assets
DepreciationExpenseOnProjectAssets
700000
CY2015 fcel Depreciation Expense On Project Assets
DepreciationExpenseOnProjectAssets
0
CY2016Q4 fcel Fair Value Of Acquired Long Term Project Assets
FairValueOfAcquiredLongTermProjectAssets
2300000
CY2017Q4 fcel Fair Value Of Acquired Long Term Project Assets
FairValueOfAcquiredLongTermProjectAssets
1900000
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
128274000
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
116989000
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
84709000
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
80349000
CY2017 us-gaap Depreciation
Depreciation
4400000
CY2016 us-gaap Depreciation
Depreciation
4300000
CY2015 us-gaap Depreciation
Depreciation
4100000
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2017 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2017Q4 fcel Advance Payments To Vendors
AdvancePaymentsToVendors
1035000
CY2016Q4 fcel Advance Payments To Vendors
AdvancePaymentsToVendors
1247000
CY2017Q4 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
129000
CY2016Q4 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
152000
CY2016Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
1007000
CY2017 us-gaap Lessee Finance Lease Term Of Contract
LesseeFinanceLeaseTermOfContract
P36M
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5407000
CY2016Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
7775000
CY2017Q4 us-gaap Replacement Reserve Escrow
ReplacementReserveEscrow
0
CY2016Q4 us-gaap Replacement Reserve Escrow
ReplacementReserveEscrow
8353000
CY2017Q4 us-gaap Unbilled Receivables Not Billable At Balance Sheet Date
UnbilledReceivablesNotBillableAtBalanceSheetDate
12806000
CY2016Q4 us-gaap Unbilled Receivables Not Billable At Balance Sheet Date
UnbilledReceivablesNotBillableAtBalanceSheetDate
5714000
CY2017Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
97000
CY2016Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
225000
CY2017Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
2627000
CY2016Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
2123000
CY2017 fcel Deferred Finance Costs Amortization Period
DeferredFinanceCostsAmortizationPeriod
P5Y
CY2016Q2 fcel Number Of Customers Under Agreement
NumberOfCustomersUnderAgreement
1
CY2017Q4 us-gaap Contractual Obligation
ContractualObligation
1600000
CY2017Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5315000
CY2016Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4183000
CY2017Q4 fcel Accrued Contract And Operating Costs
AccruedContractAndOperatingCosts
37000
CY2016Q4 fcel Accrued Contract And Operating Costs
AccruedContractAndOperatingCosts
0
CY2017Q4 fcel Accrued Material Purchase
AccruedMaterialPurchase
2396000
CY2016Q4 fcel Accrued Material Purchase
AccruedMaterialPurchase
6908000
CY2017Q4 fcel Accrued Service And Performance
AccruedServiceAndPerformance
3319000
CY2016Q4 fcel Accrued Service And Performance
AccruedServiceAndPerformance
6030000
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
6966000
CY2016Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3263000
CY2017 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
600000
CY2016 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
300000
CY2017 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
800000
CY2016 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
700000
CY2017Q4 fcel Increase In Reserve For Service Agreement Costs
IncreaseInReserveForServiceAgreementCosts
1600000
CY2016Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
660000
CY2016Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1408000
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
87791000
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
28281000
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
59510000
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Repayments Of Principal In Next Twelve Months
LongTermDebtAndCapitalLeaseObligationsRepaymentsOfPrincipalInNextTwelveMonths
28583000
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
4518000
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
4863000
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Four
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour
4057000
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive
4089000
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal After Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalAfterYearFive
43025000
CY2017Q4 fcel Long Term Debt And Capital Lease Obligations And Debt Issuance Costs Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsAndDebtIssuanceCostsIncludingCurrentMaturities
89135000
CY2017Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
800000
CY2016Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
700000
CY2017 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2017 us-gaap Revenue Other Financial Services
RevenueOtherFinancialServices
24400000
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
CY2016 us-gaap Revenue Other Financial Services
RevenueOtherFinancialServices
26600000
CY2015 us-gaap Revenue Other Financial Services
RevenueOtherFinancialServices
16300000
CY2017Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
4500000
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
200000
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4450000
CY2016 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3359000
CY2015 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3119000
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P7Y
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P7Y
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P7Y
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.022
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.015
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.017
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.795
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.801
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.803
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
246923
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
103819
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
40792
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
309950
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
44.88
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.50
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
94.63
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
23.81
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.50
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.44
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
13.24
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
CY2017Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
309950
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y
CY2017Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
23.81
CY2017Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
280664
CY2017Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
26.00
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
70000
CY2017Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
50000
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
990035
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
2510216
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
392458
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures
99107
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
3008686
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
9.52
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.48
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
12.39
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
6.62
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
2.52
CY2017 fcel Restricted Stock Awards Weighted Average Remaining Life
RestrictedStockAwardsWeightedAverageRemainingLife
P2Y6M
CY2017Q4 fcel Restricted Stock Awards Outstanding Intrinsic Value
RestrictedStockAwardsOutstandingIntrinsicValue
6100000
CY2017 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
86001
CY2016 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
24379
CY2015 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
2399
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-49723000
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-46708000
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-26459000
CY2017 us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
100000
CY2016 us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
200000
CY2015 us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
100000
CY2017 fcel Eso Pperiodforwhichsaleofsharesisrestricted
ESOPperiodforwhichsaleofsharesisrestricted
P6M
CY2017 fcel Weighted Average Expected Life Assumption For Employee Stock Purchase Plan
WeightedAverageExpectedLifeAssumptionForEmployeeStockPurchasePlan
P6M
CY2016 fcel Weighted Average Expected Life Assumption For Employee Stock Purchase Plan
WeightedAverageExpectedLifeAssumptionForEmployeeStockPurchasePlan
P6M
CY2015 fcel Weighted Average Expected Life Assumption For Employee Stock Purchase Plan
WeightedAverageExpectedLifeAssumptionForEmployeeStockPurchasePlan
P6M
CY2017 fcel Weighted Average Risk Free Interest Rate For Employee Stock Purchase Plan
WeightedAverageRiskFreeInterestRateForEmployeeStockPurchasePlan
0.0046
CY2016 fcel Weighted Average Risk Free Interest Rate For Employee Stock Purchase Plan
WeightedAverageRiskFreeInterestRateForEmployeeStockPurchasePlan
0.0030
CY2015 fcel Weighted Average Risk Free Interest Rate For Employee Stock Purchase Plan
WeightedAverageRiskFreeInterestRateForEmployeeStockPurchasePlan
0.0007
CY2017 fcel Volatility For Employee Stock Purchase Plan
VolatilityForEmployeeStockPurchasePlan
0.750
CY2016 fcel Volatility For Employee Stock Purchase Plan
VolatilityForEmployeeStockPurchasePlan
0.370
CY2015 fcel Volatility For Employee Stock Purchase Plan
VolatilityForEmployeeStockPurchasePlan
0.720
CY2017 fcel Weighted Average Dividend Yield For Employee Stock Purchase Plan
WeightedAverageDividendYieldForEmployeeStockPurchasePlan
0.00
CY2016 fcel Weighted Average Dividend Yield For Employee Stock Purchase Plan
WeightedAverageDividendYieldForEmployeeStockPurchasePlan
0.00
CY2015 fcel Weighted Average Dividend Yield For Employee Stock Purchase Plan
WeightedAverageDividendYieldForEmployeeStockPurchasePlan
0.00
CY2017 fcel Employee Stock Purchase Plan Weighted Average Fair Value Of Shares Issued
EmployeeStockPurchasePlanWeightedAverageFairValueOfSharesIssued
1.76
CY2016 fcel Employee Stock Purchase Plan Weighted Average Fair Value Of Shares Issued
EmployeeStockPurchasePlanWeightedAverageFairValueOfSharesIssued
6.86
CY2017Q2 fcel Employee Stock Purchase Plan Suspended Date
EmployeeStockPurchasePlanSuspendedDate
2017-05-01
CY2017 fcel Employer Matching Contribution Percentage
EmployerMatchingContributionPercentage
0.02
CY2017 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
500000
CY2016 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
600000
CY2015 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
400000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-4136000
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-3981000
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-2951000
CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
40000
CY2016 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
500000
CY2015 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
300000
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0
CY2017 fcel Franchise Tax Expense
FranchiseTaxExpense
500000
CY2016 fcel Franchise Tax Expense
FranchiseTaxExpense
400000
CY2015 fcel Franchise Tax Expense
FranchiseTaxExpense
200000
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.013
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.002
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.001
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.001
CY2016 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.011
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.009
CY2017 fcel Effective Income Tax Rate Reconciliation Net Operating Loss Adjustment
EffectiveIncomeTaxRateReconciliationNetOperatingLossAdjustment
0.046
CY2016 fcel Effective Income Tax Rate Reconciliation Net Operating Loss Adjustment
EffectiveIncomeTaxRateReconciliationNetOperatingLossAdjustment
-0.033
CY2015 fcel Effective Income Tax Rate Reconciliation Net Operating Loss Adjustment
EffectiveIncomeTaxRateReconciliationNetOperatingLossAdjustment
-0.047
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.019
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.009
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.001
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.008
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.003
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.016
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.006
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.002
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.004
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.382
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.301
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.273
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.001
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.011
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.009
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
11158000
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
9625000
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
605000
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
1276000
CY2017Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
13398000
CY2016Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
12772000
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
282022000
CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
265799000
CY2017Q4 fcel Deferred Tax Assets Deferred License Revenue
DeferredTaxAssetsDeferredLicenseRevenue
7850000
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CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due
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CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due Current
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CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
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CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
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CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
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CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
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CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
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CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due
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CY2017Q4 us-gaap Recorded Unconditional Purchase Obligation
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CY2017 us-gaap Interest Paid
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CY2016 us-gaap Interest Paid
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1941000
CY2015 us-gaap Interest Paid
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CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
2000
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
80000
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
8000
CY2017 fcel Common Stock Issued For Employee Stock Purchase Plan In Settlement Of Prior Year Accrued Employee Contributions
CommonStockIssuedForEmployeeStockPurchasePlanInSettlementOfPriorYearAccruedEmployeeContributions
50000
CY2016 fcel Common Stock Issued For Employee Stock Purchase Plan In Settlement Of Prior Year Accrued Employee Contributions
CommonStockIssuedForEmployeeStockPurchasePlanInSettlementOfPriorYearAccruedEmployeeContributions
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CY2015 fcel Common Stock Issued For Employee Stock Purchase Plan In Settlement Of Prior Year Accrued Employee Contributions
CommonStockIssuedForEmployeeStockPurchasePlanInSettlementOfPriorYearAccruedEmployeeContributions
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CY2017 fcel Noncash Reclass Of Inventory To Project Assets
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CY2017 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
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CY2017 fcel Non Cash Acquisition Project Assets
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CY2016 fcel Accrued Purchase Of Fixed Assets
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