2018 Q1 Form 10-Q Financial Statement
#000156459018004818 Filed on March 08, 2018
Income Statement
| Concept | 2018 Q1 | 2017 Q1 |
|---|---|---|
| Revenue | $38.61M | $17.00M |
| YoY Change | 127.11% | -49.22% |
| Cost Of Revenue | $33.98M | $15.19M |
| YoY Change | 123.7% | -54.86% |
| Gross Profit | $4.635M | $1.813M |
| YoY Change | 155.65% | -1192.17% |
| Gross Profit Margin | 12.0% | 10.66% |
| Selling, General & Admin | $6.142M | $6.004M |
| YoY Change | 2.3% | -0.6% |
| % of Gross Profit | 132.51% | 331.16% |
| Research & Development | $4.046M | $5.392M |
| YoY Change | -24.96% | 1.53% |
| % of Gross Profit | 87.29% | 297.41% |
| Depreciation & Amortization | $2.130M | $2.057M |
| YoY Change | 3.55% | 78.71% |
| % of Gross Profit | 45.95% | 113.46% |
| Operating Expenses | $10.19M | $12.74M |
| YoY Change | -20.04% | 12.25% |
| Operating Profit | -$5.553M | -$10.93M |
| YoY Change | -49.19% | -5.11% |
| Interest Expense | $2.141M | $2.267M |
| YoY Change | -5.56% | 168.28% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $476.0K | -$409.0K |
| YoY Change | -216.38% | -159.45% |
| Pretax Income | -$7.218M | -$13.60M |
| YoY Change | -46.94% | 16.53% |
| Income Tax | -$3.035M | $81.00K |
| % Of Pretax Income | ||
| Net Earnings | -$4.183M | -$13.69M |
| YoY Change | -69.43% | 16.85% |
| Net Earnings / Revenue | -10.83% | -80.49% |
| Basic Earnings Per Share | -$0.12 | -$0.39 |
| Diluted Earnings Per Share | -$0.12 | -$0.39 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 72.02M | 37.61M shares |
| Diluted Shares Outstanding | 72.02M | 37.61M |
Balance Sheet
| Concept | 2018 Q1 | 2017 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $76.80M | $57.60M |
| YoY Change | 33.33% | -25.1% |
| Cash & Equivalents | $115.4M | $57.65M |
| Short-Term Investments | ||
| Other Short-Term Assets | $12.80M | $5.509M |
| YoY Change | 132.35% | -23.92% |
| Inventory | $59.90M | $82.27M |
| Prepaid Expenses | ||
| Receivables | $44.10M | $25.62M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $193.5M | $180.5M |
| YoY Change | 7.21% | -12.03% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $44.10M | $39.32M |
| YoY Change | 12.17% | 35.06% |
| Goodwill | $4.075M | |
| YoY Change | 0.0% | |
| Intangibles | $9.592M | |
| YoY Change | 0.0% | |
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $123.6M | $10.02M |
| YoY Change | 1133.53% | 268.92% |
| Total Long-Term Assets | $181.4M | $147.7M |
| YoY Change | 22.78% | 65.16% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $193.5M | $180.5M |
| Total Long-Term Assets | $181.4M | $147.7M |
| Total Assets | $374.9M | $328.2M |
| YoY Change | 14.22% | 11.41% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $37.80M | $9.508M |
| YoY Change | 297.56% | -34.89% |
| Accrued Expenses | $19.00M | $18.39M |
| YoY Change | 3.33% | -36.56% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $24.40M | $9.428M |
| YoY Change | 158.8% | 381.76% |
| Total Short-Term Liabilities | $94.10M | $46.25M |
| YoY Change | 103.47% | -38.21% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $75.30M | $78.62M |
| YoY Change | -4.22% | 91.29% |
| Other Long-Term Liabilities | $18.40M | $82.77M |
| YoY Change | -77.77% | 179.26% |
| Total Long-Term Liabilities | $93.70M | $161.4M |
| YoY Change | -41.94% | 444.51% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $94.10M | $46.25M |
| Total Long-Term Liabilities | $93.70M | $161.4M |
| Total Liabilities | $187.8M | $162.7M |
| YoY Change | 15.44% | 17.41% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$903.3M | |
| YoY Change | 6.22% | |
| Common Stock | $1.010B | |
| YoY Change | 6.51% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $179.0K | |
| YoY Change | -329.49% | |
| Treasury Stock Shares | 21.53K shares | |
| Shareholders Equity | $107.1M | $105.7M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $374.9M | $328.2M |
| YoY Change | 14.22% | 11.41% |
Cashflow Statement
| Concept | 2018 Q1 | 2017 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$4.183M | -$13.69M |
| YoY Change | -69.43% | 16.85% |
| Depreciation, Depletion And Amortization | $2.130M | $2.057M |
| YoY Change | 3.55% | 78.71% |
| Cash From Operating Activities | $40.00M | -$24.85M |
| YoY Change | -260.97% | -389.05% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$7.390M | -$9.430M |
| YoY Change | -21.63% | 180.65% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | $630.0K |
| YoY Change | -100.0% | |
| Cash From Investing Activities | -$7.393M | -$8.797M |
| YoY Change | -15.96% | 161.97% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $4.977M | |
| YoY Change | -62.6% | |
| Debt Paid & Issued, Net | $6.253M | $5.071M |
| YoY Change | 23.31% | -43.12% |
| Cash From Financing Activities | -4.654M | $16.69M |
| YoY Change | -127.88% | -28.84% |
| NET CHANGE | ||
| Cash From Operating Activities | 40.00M | -$24.85M |
| Cash From Investing Activities | -7.393M | -$8.797M |
| Cash From Financing Activities | -4.654M | $16.69M |
| Net Change In Cash | 27.98M | -17.02M |
| YoY Change | -264.41% | -159.76% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $40.00M | -$24.85M |
| Capital Expenditures | -$7.390M | -$9.430M |
| Free Cash Flow | $47.39M | -$15.42M |
| YoY Change | -407.37% | -228.95% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2017Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
81000 | |
| CY2017Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-13685000 | |
| CY2017Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-14485000 | |
| CY2017Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.39 | |
| CY2017Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
37613216 | |
| CY2017Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-13685000 | |
| CY2018Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
617000 | |
| CY2017Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1013000 | |
| CY2018Q1 | us-gaap |
Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
|
-55000 | |
| CY2017Q1 | us-gaap |
Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
|
-42000 | |
| CY2018Q1 | fcel |
Depreciation Include Property Plant And Equipment And Project Assets
DepreciationIncludePropertyPlantAndEquipmentAndProjectAssets
|
2128000 | |
| CY2017Q1 | fcel |
Depreciation Include Property Plant And Equipment And Project Assets
DepreciationIncludePropertyPlantAndEquipmentAndProjectAssets
|
2057000 | |
| CY2018Q1 | fcel |
Amortization Of Bond Premium
AmortizationOfBondPremium
|
1491000 | |
| CY2017Q1 | fcel |
Amortization Of Bond Premium
AmortizationOfBondPremium
|
1470000 | |
| CY2018Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-534000 | |
| CY2017Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-340000 | |
| CY2018Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-3035000 | |
| CY2017Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
0 | |
| CY2018Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
0 | |
| CY2017Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-127000 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-26624000 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
2575000 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-14784000 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
8462000 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
1108000 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-1261000 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-2898000 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-5060000 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
3074000 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-2150000 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
1914000 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
775000 | |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
39997000 | |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-24847000 | |
| CY2018Q1 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
2816000 | |
| CY2017Q1 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
6377000 | |
| CY2018Q1 | fcel |
Investment In Long Term Project Assets
InvestmentInLongTermProjectAssets
|
4577000 | |
| CY2017Q1 | fcel |
Investment In Long Term Project Assets
InvestmentInLongTermProjectAssets
|
3053000 | |
| CY2018Q1 | us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
0 | |
| CY2017Q1 | us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
633000 | |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-7393000 | |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-8797000 | |
| CY2018Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
6253000 | |
| CY2017Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
5071000 | |
| CY2018Q1 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
0 | |
| CY2017Q1 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
17891000 | |
| CY2018Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
0 | |
| CY2017Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
119000 | |
| CY2018Q1 | fcel |
Payment Of Preferred Dividends And Return Of Capital
PaymentOfPreferredDividendsAndReturnOfCapital
|
1048000 | |
| CY2017Q1 | fcel |
Payment Of Preferred Dividends And Return Of Capital
PaymentOfPreferredDividendsAndReturnOfCapital
|
1033000 | |
| CY2018Q1 | fcel |
Proceeds From Stock Issued During Period Value Employee Benefit Plan
ProceedsFromStockIssuedDuringPeriodValueEmployeeBenefitPlan
|
0 | |
| CY2017Q1 | fcel |
Proceeds From Stock Issued During Period Value Employee Benefit Plan
ProceedsFromStockIssuedDuringPeriodValueEmployeeBenefitPlan
|
49000 | |
| CY2018Q1 | fcel |
Proceeds From Sale Of Common Stock Prefunded Warrants And Warrant Exercises Net
ProceedsFromSaleOfCommonStockPrefundedWarrantsAndWarrantExercisesNet
|
2647000 | |
| CY2017Q1 | fcel |
Proceeds From Sale Of Common Stock Prefunded Warrants And Warrant Exercises Net
ProceedsFromSaleOfCommonStockPrefundedWarrantsAndWarrantExercisesNet
|
4977000 | |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-4654000 | |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
16694000 | |
| CY2018Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
33000 | |
| CY2017Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
-70000 | |
| CY2018Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
27983000 | |
| CY2017Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-17020000 | |
| CY2017Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
87448000 | |
| CY2016Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
118316000 | |
| CY2018Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
115431000 | |
| CY2017Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
101296000 | |
| CY2018Q1 | us-gaap |
Interest Paid
InterestPaid
|
651000 | |
| CY2017Q1 | us-gaap |
Interest Paid
InterestPaid
|
756000 | |
| CY2018Q1 | fcel |
Common Stock Issued For Employee Stock Purchase Plan In Settlement Of Prior Year Accrued Employee Contributions
CommonStockIssuedForEmployeeStockPurchasePlanInSettlementOfPriorYearAccruedEmployeeContributions
|
0 | |
| CY2017Q1 | fcel |
Common Stock Issued For Employee Stock Purchase Plan In Settlement Of Prior Year Accrued Employee Contributions
CommonStockIssuedForEmployeeStockPurchasePlanInSettlementOfPriorYearAccruedEmployeeContributions
|
50000 | |
| CY2018Q1 | fcel |
Accrued Sale Of Common Stock
AccruedSaleOfCommonStock
|
0 | |
| CY2017Q1 | fcel |
Accrued Sale Of Common Stock
AccruedSaleOfCommonStock
|
159000 | |
| CY2018Q1 | us-gaap |
Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
|
0 | |
| CY2017Q1 | us-gaap |
Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
|
2289000 | |
| CY2018Q1 | fcel |
Non Cash Acquisition Project Assets
NonCashAcquisitionProjectAssets
|
0 | |
| CY2017Q1 | fcel |
Non Cash Acquisition Project Assets
NonCashAcquisitionProjectAssets
|
2386000 | |
| CY2018Q1 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
7569000 | |
| CY2017Q1 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
0 | |
| CY2018Q1 | fcel |
Accrued Purchase Of Fixed Assets
AccruedPurchaseOfFixedAssets
|
1231000 | |
| CY2017Q1 | fcel |
Accrued Purchase Of Fixed Assets
AccruedPurchaseOfFixedAssets
|
1101000 | |
| CY2018Q1 | fcel |
Accrued Purchase Of Project Assets
AccruedPurchaseOfProjectAssets
|
1750000 | |
| CY2017Q1 | fcel |
Accrued Purchase Of Project Assets
AccruedPurchaseOfProjectAssets
|
741000 | |
| CY2018Q1 | us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<div> <p style="text-align:justify;margin-top:8pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Note 2. Recent Accounting Pronouncements</p> <p style="text-align:justify;margin-top:6pt;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 Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers (Topic 606).” 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. 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 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. This requires application of various revenue recognition methods under current accounting guidance. 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, “Revenue from Contracts with Customers (Topic 606).” 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. 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, “Leases” 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 16. Commitments and Contingencies) 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. 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’s contractual arrangements and the impact that adoption of ASU 2016-02 will have on the Company’s consolidated financial statements.</p></div> | |
| CY2018Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <p style="text-align:justify;margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;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 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, 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. Due to the inherent uncertainty involved in making estimates, actual results in future periods may differ from those estimates.</p></div> | |
| CY2018Q1 | us-gaap |
Accounts Receivable Billed For Long Term Contracts Or Programs
AccountsReceivableBilledForLongTermContractsOrPrograms
|
16153000 | |
| CY2017Q4 | us-gaap |
Accounts Receivable Billed For Long Term Contracts Or Programs
AccountsReceivableBilledForLongTermContractsOrPrograms
|
41073000 | |
| CY2018Q1 | us-gaap |
Unbilled Contracts Receivable
UnbilledContractsReceivable
|
22153000 | |
| CY2017Q4 | us-gaap |
Unbilled Contracts Receivable
UnbilledContractsReceivable
|
18162000 | |
| CY2018Q1 | fcel |
Commercial Customers Accounts Receivable
CommercialCustomersAccountsReceivable
|
38306000 | |
| CY2017Q4 | fcel |
Commercial Customers Accounts Receivable
CommercialCustomersAccountsReceivable
|
59235000 | |
| CY2018Q1 | fcel |
Advanced Technologies Including Us Government Amount Billed Receivable
AdvancedTechnologiesIncludingUSGovernmentAmountBilledReceivable
|
574000 | |
| CY2017Q4 | fcel |
Advanced Technologies Including Us Government Amount Billed Receivable
AdvancedTechnologiesIncludingUSGovernmentAmountBilledReceivable
|
1934000 | |
| CY2018Q1 | fcel |
Advanced Technologies Including Us Government Unbilled Recoverable Costs Receivable
AdvancedTechnologiesIncludingUSGovernmentUnbilledRecoverableCostsReceivable
|
5201000 | |
| CY2017Q4 | fcel |
Advanced Technologies Including Us Government Unbilled Recoverable Costs Receivable
AdvancedTechnologiesIncludingUSGovernmentUnbilledRecoverableCostsReceivable
|
7352000 | |
| CY2018Q1 | fcel |
Advanced Technologies Including Us Government Accounts Receivable
AdvancedTechnologiesIncludingUSGovernmentAccountsReceivable
|
5775000 | |
| CY2017Q4 | fcel |
Advanced Technologies Including Us Government Accounts Receivable
AdvancedTechnologiesIncludingUSGovernmentAccountsReceivable
|
9286000 | |
| CY2018Q1 | us-gaap |
Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
|
10600000 | |
| CY2017Q4 | us-gaap |
Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
|
12800000 | |
| CY2018Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
100000 | |
| CY2017Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
100000 | |
| CY2018Q1 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
23616000 | |
| CY2017Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
20065000 | |
| CY2018Q1 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
36252000 | |
| CY2017Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
54431000 | |
| CY2018Q1 | fcel |
Completed Standard Component
CompletedStandardComponent
|
29900000 | |
| CY2017Q4 | fcel |
Completed Standard Component
CompletedStandardComponent
|
46300000 | |
| CY2018Q1 | fcel |
Long Term Project Assets Construction In Progress
LongTermProjectAssetsConstructionInProgress
|
42700000 | |
| CY2018Q1 | fcel |
Number Of Project Assets
NumberOfProjectAssets
|
5 | |
| CY2017 | fcel |
Number Of Project Assets
NumberOfProjectAssets
|
5 | |
| CY2018Q1 | us-gaap |
Sale Leaseback Transaction Net Book Value
SaleLeasebackTransactionNetBookValue
|
33100000 | |
| CY2017Q4 | us-gaap |
Sale Leaseback Transaction Net Book Value
SaleLeasebackTransactionNetBookValue
|
32100000 | |
| CY2017Q4 | fcel |
Long Term Project Assets Construction In Progress
LongTermProjectAssetsConstructionInProgress
|
40900000 | |
| CY2018Q1 | fcel |
Advance Payments To Vendors
AdvancePaymentsToVendors
|
2133000 | |
| CY2017Q4 | fcel |
Advance Payments To Vendors
AdvancePaymentsToVendors
|
1035000 | |
| CY2018Q1 | us-gaap |
Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
|
129000 | |
| CY2017Q4 | us-gaap |
Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
|
129000 | |
| CY2018Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
5305000 | |
| CY2017Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
5407000 | |
| CY2018Q1 | fcel |
Long Term Stack Residual Value
LongTermStackResidualValue
|
1096000 | |
| CY2017Q4 | fcel |
Long Term Stack Residual Value
LongTermStackResidualValue
|
987000 | |
| CY2018Q1 | us-gaap |
Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
|
64000 | |
| CY2017Q4 | us-gaap |
Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
|
97000 | |
| CY2018Q1 | us-gaap |
Unbilled Receivables Not Billable At Balance Sheet Date
UnbilledReceivablesNotBillableAtBalanceSheetDate
|
10623000 | |
| CY2017Q4 | us-gaap |
Unbilled Receivables Not Billable At Balance Sheet Date
UnbilledReceivablesNotBillableAtBalanceSheetDate
|
12806000 | |
| CY2018Q1 | us-gaap |
Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
|
2630000 | |
| CY2017Q4 | us-gaap |
Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
|
2627000 | |
| CY2018Q1 | fcel |
Deferred Finance Costs Amortization Period
DeferredFinanceCostsAmortizationPeriod
|
P5Y | |
| CY2016Q2 | fcel |
Number Of Customers Under Agreement
NumberOfCustomersUnderAgreement
|
1 | |
| CY2018Q1 | us-gaap |
Contractual Obligation
ContractualObligation
|
1600000 | |
| CY2018Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
2548000 | |
| CY2017Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
5315000 | |
| CY2018Q1 | fcel |
Accrued Contract And Operating Costs
AccruedContractAndOperatingCosts
|
19000 | |
| CY2017Q4 | fcel |
Accrued Contract And Operating Costs
AccruedContractAndOperatingCosts
|
37000 | |
| CY2018Q1 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
446000 | |
| CY2017Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
348000 | |
| CY2018Q1 | fcel |
Accrued Material Purchase
AccruedMaterialPurchase
|
1312000 | |
| CY2017Q4 | fcel |
Accrued Material Purchase
AccruedMaterialPurchase
|
2396000 | |
| CY2018Q1 | fcel |
Accrued Service And Performance
AccruedServiceAndPerformance
|
3777000 | |
| CY2017Q4 | fcel |
Accrued Service And Performance
AccruedServiceAndPerformance
|
3319000 | |
| CY2018Q1 | fcel |
Accrued Contractual Milestone Liabilities For Inventory
AccruedContractualMilestoneLiabilitiesForInventory
|
10855000 | |
| CY2017Q4 | fcel |
Accrued Contractual Milestone Liabilities For Inventory
AccruedContractualMilestoneLiabilitiesForInventory
|
4440000 | |
| CY2018Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
2556000 | |
| CY2017Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
2526000 | |
| CY2018Q1 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
300000 | |
| CY2018Q1 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
200000 | |
| CY2017Q4 | fcel |
Gain Reserve On Service Agreements
GainReserveOnServiceAgreements
|
1100000 | |
| CY2018Q1 | fcel |
Gain Reserve On Service Agreements
GainReserveOnServiceAgreements
|
1100000 | |
| CY2017Q4 | fcel |
Reserve For Performance Guarantees
ReserveForPerformanceGuarantees
|
2200000 | |
| CY2018Q1 | fcel |
Reserve For Performance Guarantees
ReserveForPerformanceGuarantees
|
2600000 | |
| CY2017Q4 | fcel |
Excess Percentage Of Common Shares Outstanding Approved
ExcessPercentageOfCommonSharesOutstandingApproved
|
0.199 | |
| CY2018Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
250000 | |
| CY2018Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
| CY2018Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
72024811 | |
| CY2018Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | |
| CY2017Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | |
| CY2018Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
72024811 | |
| CY2017Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
37613216 | |
| CY2018Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.12 | |
| CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
281175 | |
| CY2017Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
245820 | |
| CY2018Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
38700000 | |
| CY2017Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
38200000 | |
| CY2018Q1 | fcel |
Reserves For Obligations
ReservesForObligations
|
17500000 | |
| CY2018Q1 | fcel |
Letter Of Credit Date Of Expiration
LetterOfCreditDateOfExpiration
|
2019-04-30 | |
| CY2018Q1 | us-gaap |
Capital Lease Obligations
CapitalLeaseObligations
|
594000 | |
| CY2017Q4 | us-gaap |
Capital Lease Obligations
CapitalLeaseObligations
|
632000 | |
| CY2018Q1 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
1272000 | |
| CY2017Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
1344000 | |
| CY2018Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
82525000 | |
| CY2017Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
87791000 | |
| CY2018Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
23513000 | |
| CY2017Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
28281000 | |
| CY2018Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
59012000 | |
| CY2017Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
59510000 | |
| CY2018Q1 | us-gaap |
Lessee Finance Lease Term Of Contract
LesseeFinanceLeaseTermOfContract
|
P36M | |
| CY2018Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.34 | |
| CY2018Q1 | fcel |
Tax Cuts And Jobs Act Of2017 Deferred Tax Assets Valuation Allowance Increase Decrease
TaxCutsAndJobsActOf2017DeferredTaxAssetsValuationAllowanceIncreaseDecrease
|
-2000000 | |
| CY2018Q1 | fcel |
Lease Payment Terms
LeasePaymentTerms
|
P36M | |
| CY2018Q1 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
764000 | |
| CY2018Q1 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
561000 | |
| CY2018Q1 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
353000 | |
| CY2018Q1 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
373000 | |
| CY2018Q1 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
376000 | |
| CY2018Q1 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
3269000 | |
| CY2018Q1 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
5696000 | |
| CY2018Q1 | us-gaap |
Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
|
344000 | |
| CY2018Q1 | us-gaap |
Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
|
182000 | |
| CY2018Q1 | us-gaap |
Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
|
60000 | |
| CY2018Q1 | us-gaap |
Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
|
5000 | |
| CY2018Q1 | us-gaap |
Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
|
3000 | |
| CY2018Q1 | us-gaap |
Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
|
0 | |
| CY2018Q1 | us-gaap |
Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
|
594000 | |
| CY2018Q1 | fcel |
Loss Reserve On Service Agreements
LossReserveOnServiceAgreements
|
1100000 | |
| CY2017Q4 | fcel |
Loss Reserve On Service Agreements
LossReserveOnServiceAgreements
|
1100000 | |
| CY2018Q1 | us-gaap |
Recorded Unconditional Purchase Obligation
RecordedUnconditionalPurchaseObligation
|
48900000 |
