2022 Q2 Form 10-Q Financial Statement
#000186894122000073 Filed on August 15, 2022
Income Statement
Concept | 2022 Q2 | 2021 Q3 | 2021 Q2 |
---|---|---|---|
Revenue | $239.0M | $188.2M | $278.2M |
YoY Change | -14.09% | -21.41% | -13.57% |
Cost Of Revenue | $244.2M | $247.3M | $293.2M |
YoY Change | -16.7% | 8.71% | -10.06% |
Gross Profit | -$5.197M | -$59.06M | -$14.96M |
YoY Change | -65.25% | -591.85% | 266.1% |
Gross Profit Margin | -2.17% | -31.38% | -5.38% |
Selling, General & Admin | $35.73M | $20.75M | $16.06M |
YoY Change | 122.44% | 124.85% | -35.62% |
% of Gross Profit | |||
Research & Development | $18.13M | $6.176M | $4.740M |
YoY Change | 282.47% | 106.62% | |
% of Gross Profit | |||
Depreciation & Amortization | $1.972M | $1.618M | $3.494M |
YoY Change | -43.56% | 110.4% | 55.36% |
% of Gross Profit | |||
Operating Expenses | $53.86M | $27.75M | $20.80M |
YoY Change | 158.9% | 124.3% | -41.95% |
Operating Profit | -$59.06M | -$86.81M | -$35.76M |
YoY Change | 65.16% | 23814.33% | -10.44% |
Interest Expense | $573.0K | -$1.435M | $424.0K |
YoY Change | 35.14% | ||
% of Operating Profit | |||
Other Income/Expense, Net | -$205.0K | $349.0K | |
YoY Change | -158.74% | ||
Pretax Income | -$61.81M | -$88.24M | -$37.10M |
YoY Change | 66.62% | 24209.64% | -7.09% |
Income Tax | -$1.000M | -$1.045M | $1.700M |
% Of Pretax Income | |||
Net Earnings | -$19.35M | -$87.20M | -$38.78M |
YoY Change | -50.11% | 7784.18% | -14.97% |
Net Earnings / Revenue | -8.09% | -46.33% | -13.94% |
Basic Earnings Per Share | -$0.35 | ||
Diluted Earnings Per Share | -$0.35 | -$1.762M | $0.00 |
COMMON SHARES | |||
Basic Shares Outstanding | 55.63M shares | ||
Diluted Shares Outstanding | 55.63M shares |
Balance Sheet
Concept | 2022 Q2 | 2021 Q3 | 2021 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $677.0M | $36.83M | $58.50M |
YoY Change | 1057.24% | ||
Cash & Equivalents | $677.0M | $36.83M | $58.50M |
Short-Term Investments | |||
Other Short-Term Assets | $39.14M | $41.92M | $23.49M |
YoY Change | 66.62% | ||
Inventory | $453.7M | $389.8M | $333.4M |
Prepaid Expenses | $3.263M | $2.480M | |
Receivables | $93.20M | $46.66M | $219.0M |
Other Receivables | $22.11M | $14.05M | $4.437M |
Total Short-Term Assets | $1.551B | $661.5M | $638.9M |
YoY Change | 142.73% | ||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $9.292M | $8.206M | $7.602M |
YoY Change | 22.23% | ||
Goodwill | $25.21M | $9.176M | $9.201M |
YoY Change | 174.04% | 93.95% | |
Intangibles | $53.50M | $36.06M | |
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $12.35M | $1.315M | $355.0K |
YoY Change | 3378.59% | ||
Total Long-Term Assets | $121.8M | $56.16M | $54.11M |
YoY Change | 125.14% | ||
TOTAL ASSETS | |||
Total Short-Term Assets | $1.551B | $661.5M | $638.9M |
Total Long-Term Assets | $121.8M | $56.16M | $54.11M |
Total Assets | $1.673B | $717.7M | $693.0M |
YoY Change | 141.36% | ||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $220.6M | $158.4M | $73.01M |
YoY Change | 202.14% | ||
Accrued Expenses | $135.4M | $186.1M | $277.9M |
YoY Change | -51.27% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $100.0M | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $994.0M | $771.5M | $658.0M |
YoY Change | 51.06% | ||
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $7.454M | $2.381M | $3.959M |
YoY Change | 88.28% | ||
Total Long-Term Liabilities | $7.454M | $2.381M | $3.959M |
YoY Change | 88.28% | ||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $994.0M | $771.5M | $658.0M |
Total Long-Term Liabilities | $7.454M | $2.381M | $3.959M |
Total Liabilities | $1.001B | $773.9M | $662.2M |
YoY Change | 51.25% | ||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$67.34M | -$279.3M | |
YoY Change | |||
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $4.991M | ||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $458.9M | -$56.20M | $30.81M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.673B | $717.7M | $693.0M |
YoY Change | 141.36% |
Cashflow Statement
Concept | 2022 Q2 | 2021 Q3 | 2021 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$19.35M | -$87.20M | -$38.78M |
YoY Change | -50.11% | 7784.18% | -14.97% |
Depreciation, Depletion And Amortization | $1.972M | $1.618M | $3.494M |
YoY Change | -43.56% | 110.4% | 55.36% |
Cash From Operating Activities | $80.05M | -$126.0M | -$139.3M |
YoY Change | -157.48% | -303.71% | 83.59% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$1.404M | -$1.293M | -$2.999M |
YoY Change | -53.18% | 68.58% | 196.05% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$29.22M | $0.00 | -$18.00M |
YoY Change | 62.31% | -100.0% | -193.24% |
Cash From Investing Activities | -$30.62M | -$1.293M | -$21.00M |
YoY Change | 45.81% | 1671.23% | -214.79% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -12.58M | 105.4M | 125.7M |
YoY Change | -110.01% | -1417.46% | 1097.42% |
NET CHANGE | |||
Cash From Operating Activities | 80.05M | -126.0M | -139.3M |
Cash From Investing Activities | -30.62M | -1.293M | -21.00M |
Cash From Financing Activities | -12.58M | 105.4M | 125.7M |
Net Change In Cash | 36.85M | -21.89M | -34.55M |
YoY Change | -206.67% | -140.7% | -26.61% |
FREE CASH FLOW | |||
Cash From Operating Activities | $80.05M | -$126.0M | -$139.3M |
Capital Expenditures | -$1.404M | -$1.293M | -$2.999M |
Free Cash Flow | $81.46M | -$124.7M | -$136.3M |
YoY Change | -159.77% | -299.15% | 82.06% |
Facts In Submission
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2022 | ||
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Q3 | ||
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Fluence Energy, Inc. | ||
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SellingAndMarketingExpense
|
27647000 | usd | |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
16747000 | usd | |
CY2022Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
27334000 | usd |
CY2021Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
9238000 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
83771000 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
24236000 | usd | |
CY2022Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1972000 | usd |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
54637372 | shares | |
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.35 | |
CY2021Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1262000 | usd |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
4892000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
3494000 | usd | |
CY2022Q2 | us-gaap |
Interest Expense
InterestExpense
|
573000 | usd |
CY2021Q2 | us-gaap |
Interest Expense
InterestExpense
|
424000 | usd |
us-gaap |
Interest Expense
InterestExpense
|
1938000 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
899000 | usd | |
CY2022Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-205000 | usd |
CY2021Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
349000 | usd |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
83000 | usd | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-162000 | usd | |
CY2022Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-61808000 | usd |
CY2021Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-37096000 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-233485000 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-71930000 | usd | |
CY2022Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-979000 | usd |
CY2021Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1680000 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-493000 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2874000 | usd | |
CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-60829000 | usd |
CY2021Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-38776000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
-232992000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-74804000 | usd | |
CY2022Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-41482000 | usd |
CY2021Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-38776000 | usd |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-165656000 | usd | |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-74804000 | usd | |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-19347000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-67336000 | usd | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
55625566 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
55625566 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
54637372 | shares | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.35 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.23 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.23 | ||
us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
0 | usd | |
CY2021Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
0 | usd |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
0 | usd | |
CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
0 | usd |
CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
1631000 | usd |
CY2021Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
19000 | usd |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
1910000 | usd | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-710000 | usd | |
CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
1631000 | usd |
CY2021Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
19000 | usd |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
1910000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-710000 | usd | |
CY2022Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-59198000 | usd |
CY2021Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-38757000 | usd |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-231082000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-75514000 | usd | |
CY2022Q2 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-40367000 | usd |
CY2021Q2 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-38757000 | usd |
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-164470000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-75514000 | usd | |
CY2022Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-18831000 | usd |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-66611000 | usd | |
CY2022Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
725457000 | usd |
CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-60829000 | usd |
CY2022Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
8581000 | usd |
CY2022Q2 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
4991000 | usd |
CY2022Q2 | flnc |
Noncontrolling Interest Decrease From Remeasurement
NoncontrollingInterestDecreaseFromRemeasurement
|
-1000 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
1233000 | usd |
CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
0 | usd |
CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
1631000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
671083000 | usd |
CY2021Q3 | us-gaap |
Members Equity
MembersEquity
|
-173434000 | usd |
CY2021Q4 | us-gaap |
Profit Loss
ProfitLoss
|
-20317000 | usd |
us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
0 | usd | |
CY2021Q4 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
175000 | usd |
us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
117234000 | usd | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
935761000 | usd | |
flnc |
Stock Issued During Period Value New Issues Founders Issuance
StockIssuedDuringPeriodValueNewIssuesFoundersIssuance
|
1000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-212676000 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
26360000 | usd | |
us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
4991000 | usd | |
flnc |
Noncontrolling Interest Decrease From Remeasurement
NoncontrollingInterestDecreaseFromRemeasurement
|
-1000 | usd | |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
1233000 | usd | |
us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
0 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
1736000 | usd | |
CY2022Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
671083000 | usd |
CY2021Q1 | us-gaap |
Members Equity
MembersEquity
|
-53982000 | usd |
CY2021Q2 | us-gaap |
Partners Capital Account Contributions
PartnersCapitalAccountContributions
|
6280000 | usd |
CY2021Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-38776000 | usd |
CY2021Q2 | us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
0 | usd |
CY2021Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
19000 | usd |
CY2021Q2 | us-gaap |
Members Equity
MembersEquity
|
-86459000 | usd |
CY2020Q3 | us-gaap |
Members Equity
MembersEquity
|
-17225000 | usd |
us-gaap |
Partners Capital Account Contributions
PartnersCapitalAccountContributions
|
6280000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-74804000 | usd | |
us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
0 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-710000 | usd | |
CY2021Q2 | us-gaap |
Members Equity
MembersEquity
|
-86459000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
-232992000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-74804000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
4892000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
3494000 | usd | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
0 | usd | |
us-gaap |
Inventory Write Down
InventoryWriteDown
|
13329000 | usd | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
550000 | usd | |
us-gaap |
Inventory Write Down
InventoryWriteDown
|
23839000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
26360000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
0 | usd | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
0 | usd | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
0 | usd | |
us-gaap |
Gain Loss On Contract Termination
GainLossOnContractTermination
|
-2282000 | usd | |
us-gaap |
Gain Loss On Contract Termination
GainLossOnContractTermination
|
-3004000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
46343000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
29359000 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
|
-836000 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
|
22957000 | usd | |
us-gaap |
Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
15956000 | usd | |
us-gaap |
Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
-24689000 | usd | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-1150000 | usd | |
flnc |
Increase Decrease To Advances On Inventory Purchases
IncreaseDecreaseToAdvancesOnInventoryPurchases
|
52456000 | usd | |
flnc |
Increase Decrease To Advances On Inventory Purchases
IncreaseDecreaseToAdvancesOnInventoryPurchases
|
11259000 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
77255000 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
319946000 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
118000 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
13885000 | usd | |
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
17556000 | usd | |
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
2000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
68154000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-9928000 | usd | |
flnc |
Increase Decrease In Payables And Deferred Revenue With Related Parties
IncreaseDecreaseInPayablesAndDeferredRevenueWithRelatedParties
|
5507000 | usd | |
flnc |
Increase Decrease In Payables And Deferred Revenue With Related Parties
IncreaseDecreaseInPayablesAndDeferredRevenueWithRelatedParties
|
144038000 | usd | |
flnc |
Increase Decrease In Contract With Customer Liability Excluding Related Parties
IncreaseDecreaseInContractWithCustomerLiabilityExcludingRelatedParties
|
298986000 | usd | |
flnc |
Increase Decrease In Contract With Customer Liability Excluding Related Parties
IncreaseDecreaseInContractWithCustomerLiabilityExcludingRelatedParties
|
16545000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-53016000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
126123000 | usd | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
60000 | usd | |
us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
-1669000 | usd | |
us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
-41000 | usd | |
us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-2031000 | usd | |
us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
1112000 | usd | |
flnc |
Cash Settled For Stock Based Compensation
CashSettledForStockBasedCompensation
|
8703000 | usd | |
flnc |
Cash Settled For Stock Based Compensation
CashSettledForStockBasedCompensation
|
0 | usd | |
us-gaap |
Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
|
-10000000 | usd | |
us-gaap |
Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-60943000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-139277000 | usd | |
us-gaap |
Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
|
1124000 | usd | |
us-gaap |
Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
|
0 | usd | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
29215000 | usd | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
18000000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2675000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2999000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-33014000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-20999000 | usd | |
us-gaap |
Proceeds From Contributed Capital
ProceedsFromContributedCapital
|
0 | usd | |
us-gaap |
Proceeds From Contributed Capital
ProceedsFromContributedCapital
|
6280000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
|
0 | usd | |
us-gaap |
Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
|
125000000 | usd | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
4991000 | usd | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1233000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
0 | usd | |
flnc |
Payment Of Transaction Cost Related To Issuance Of Membership Units
PaymentOfTransactionCostRelatedToIssuanceOfMembershipUnits
|
6320000 | usd | |
flnc |
Payment Of Transaction Cost Related To Issuance Of Membership Units
PaymentOfTransactionCostRelatedToIssuanceOfMembershipUnits
|
7728000 | usd | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
3120000 | usd | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
usd | ||
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
0 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
75000000 | usd | |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
50000000 | usd | |
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
0 | usd | |
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
50000000 | usd | |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
75000000 | usd | |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
50000000 | usd | |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
50000000 | usd | |
us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
935761000 | usd | |
us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
0 | usd | |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
7103000 | usd | |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
1012000 | usd | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
0 | usd | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
3189000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
815460000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
125729000 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2473000 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-763000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
723976000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-35310000 | usd | |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
38068000 | usd |
CY2020Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
95051000 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
762044000 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
59741000 | usd |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
1298000 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
5433000 | usd | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
Organization and Operations<div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Fluence Energy, Inc., a Delaware corporation (“the Company”), was formed on June 21, 2021. We conduct our business operations through Fluence Energy, LLC and its direct and indirect subsidiaries. Fluence Energy, LLC was formed on June 30, 2017 as a joint venture between Siemens Industry, Inc. (“Siemens Industry”), an indirect subsidiary of Siemens AG (“Siemens”), and AES Grid Stability, LLC (“AES Grid Stability”), an indirect subsidiary of the AES Corporation (“AES”), and commenced operations on January 1, 2018. We refer to Siemens Industry and AES Grid Stability as the “Founders” in this Quarterly Report on Form 10-Q (this “Report”).</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Fluence Energy, LLC, along with its wholly owned subsidiaries, is primarily engaged in the construction and sale of battery-based energy storage products and providing operational services and artificial intelligence (AI)-enabled digital applications (“Fluence IQ”) for renewables and storage throughout the world, including the Americas, EMEA, and Asia Pacific regions. Except where the context clearly indicates otherwise, “Fluence,” “we,” “us,” “our” or the “Company” refers to Fluence Energy, Inc. and its wholly owned subsidiaries.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s chief operating decision maker (“CODM”) is its Chief Executive Officer. The Company’s CODM reviews financial information on a condensed consolidated basis for purposes of making operating decisions, allocating resources, and evaluating financial performance. As such, the Company has determined that it operates in one operating segment, which corresponds to one reportable segment.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">QFH’s Investment in Fluence Energy, LLC</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On December 27, 2020, Fluence Energy, LLC entered into an agreement with QIA Florence Holdings LLC (“QFH” or the “Blocker Company”) for a $125.0 million investment. QFH was issued 18,493,275 Class B units of Fluence Energy, LLC. QFH is an affiliate of the Qatar Investment Authority (“QIA”), the sovereign wealth fund of Qatar, and its subsidiaries and affiliates. At September 30, 2021, the investment was recognized at carrying value within mezzanine equity on the consolidated balance sheets. As part of the transactions related to our initial public offering closed on November 1, 2021, QFH elected to convert their Class B units to the common stock of Fluence Energy, Inc., which was a conversion available to all of the holders of Fluence Energy, LLC Class A and Class B units. Accordingly, as of June 30, 2022, no mezzanine equity is recorded on the condensed consolidated balance sheets.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Initial Public Offering and Related Transactions</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On November 1, 2021, the Company completed an initial public offering (the “IPO”) and a series of organization transactions (collectively with the IPO, the “Transactions”), in which the Company issued and sold 35,650,000 shares of its Class A common stock, par value $0.00001 per share (the “Class A common stock”), at the public offering price of $28.00 per share, which includes the exercise by the underwriters of their option to purchase an additional 4,650,000 shares of the Class A common stock. The net proceeds to the Company from the IPO we</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">re $935.8 million</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, after deducting underwriting discounts and offering expenses paid by the Company.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Immediately following the consummation of the Transactions:</span></div><div style="margin-top:8pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Fluence Energy, Inc. became a holding company. As the sole managing member of Fluence Energy, LLC, Fluence Energy, Inc. controls the business and affairs of Fluence Energy, LLC and its direct and indirect subsidiaries;</span></div><div style="margin-top:8pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Fluence Energy, Inc. owned, directly or indirectly, 54,143,275 limited liability company interests in Fluence Energy, LLC (the “LLC Interests”), representing approximately 31.6% of the economic interest in Fluence Energy, LLC;</span></div><div style="margin-top:8pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">the Founders owned 117,173,390 LLC Interests in Fluence Energy, LLC, representing approximately 68.4% of the economic interest in Fluence Energy, LLC;</span></div><div style="margin-top:8pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">the investors in our IPO owned 35,650,000 shares of Class A common stock of Fluence Energy, Inc., representing approximately 65.8% of the economic interest in Fluence Energy, Inc.; </span></div><div style="margin-top:8pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Qatar Holding LLC, the owner of the original Blocker Company, owned 18,493,275 shares of Class A common stock of Fluence Energy, Inc., representing approximately 34.2% of the economic interest in Fluence Energy, Inc.; and</span></div><div style="margin-top:8pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">the Founders owned 117,173,390 shares of Class B-1 common stock of Fluence Energy, Inc.</span></div><div style="margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Refer to Note 19 - </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Subsequent Events</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> to the audited consolidated financial statements included in our 2021 Annual Report for a detailed discussion on the IPO and related Transactions. </span></div><div style="margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Siemens Industry Redemption</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On June 30, 2022, Siemens Industry, Inc. exercised its redemption right pursuant to the terms of the Third Amended and Restated Limited Liability Company Agreement of Fluence Energy, LLC (the “LLC Agreement”) with respect to its entire holding of 58,586,695 LLC Interests of Fluence Energy, LLC, together with the corresponding cancellation of an equivalent number of shares of Class B-1 common stock of Fluence Energy, Inc., par value $0.00001 per share (the “Redemption”). </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company elected to settle the Redemption through the issuance of 58,586,695 shares of the Company’s Class A common stock (the “Shares”). The Redemption settled on July 7, 2022. Siemens Industry, Inc. effected an internal transfer of its interest in the Shares to Siemens AG at the time of Redemption and as of June 30, 2022, Siemens AG is the beneficial owner of 58,586,695 shares of Class A common stock. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The transaction increased the beneficial ownership interest of the Company in Fluence Energy, LLC to 66.08% as of June 30, 2022. The impact of the change in ownership interest did not result in a change in control. The transaction has been accounted for as an equity transaction and the carrying amount of non-controlling interest has been adjusted. Refer to </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Condensed consolidated statements of changes in stockholders’ equity, members’ deficit and mezzanine equity </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">included herein</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">.</span></div> | ||
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment | |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | segment | |
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
Certain prior year amounts have been reclassified from “Cost of goods and services” to “Sales and marketing” and “General and administrative” to conform to current period presentation on the condensed consolidated statements of operations and comprehensive loss. | ||
CY2022Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
676951000 | usd |
CY2021Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
58497000 | usd |
CY2022Q2 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
75093000 | usd |
CY2021Q2 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
1244000 | usd |
CY2022Q2 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
10000000 | usd |
CY2021Q2 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
0 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
762044000 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
59741000 | usd |
CY2022Q2 | us-gaap |
Restricted Cash
RestrictedCash
|
85093000 | usd |
CY2021Q2 | us-gaap |
Restricted Cash
RestrictedCash
|
1244000 | usd |
flnc |
Tax Receivable Agreement Payment Of Tax Benefits Percentage
TaxReceivableAgreementPaymentOfTaxBenefitsPercentage
|
0.85 | ||
flnc |
Tax Receivable Agreement Remaining Cash Tax Benefits Percentage
TaxReceivableAgreementRemainingCashTaxBenefitsPercentage
|
0.15 | ||
flnc |
Tax Receivable Agreement Estimated Tax Savings
TaxReceivableAgreementEstimatedTaxSavings
|
113600000 | usd | |
flnc |
Tax Receivable Agreement Payment Of Tax Benefits Percentage
TaxReceivableAgreementPaymentOfTaxBenefitsPercentage
|
0.85 | ||
flnc |
Tax Receivable Agreement Estimated Payment Of Tax Benefits
TaxReceivableAgreementEstimatedPaymentOfTaxBenefits
|
96500000 | usd | |
CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-60829000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
-232992000 | usd | |
CY2022Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-41482000 | usd |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-165656000 | usd | |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-19347000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-67336000 | usd | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
55625566 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
55625566 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
54637372 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
54637372 | shares | |
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.35 | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.35 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.23 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.23 | ||
CY2022Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
239010000 | usd |
CY2021Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
278195000 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
756621000 | usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
492561000 | usd | |
CY2022Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
2130200000 | usd |
CY2022Q2 | us-gaap |
Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
|
0.91 | |
CY2022Q2 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P5Y | |
CY2022Q2 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P5Y | |
CY2022Q2 | flnc |
Contract With Customer Cumulative Adjustment For Change In Estimate Of Transaction Price
ContractWithCustomerCumulativeAdjustmentForChangeInEstimateOfTransactionPrice
|
56700000 | usd |
CY2021Q3 | flnc |
Contract With Customer Cumulative Adjustment For Change In Estimate Of Transaction Price
ContractWithCustomerCumulativeAdjustmentForChangeInEstimateOfTransactionPrice
|
52800000 | usd |
CY2022Q2 | us-gaap |
Inventory Gross
InventoryGross
|
454612000 | usd |
CY2022Q2 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
899000 | usd |
CY2022Q2 | us-gaap |
Inventory Net
InventoryNet
|
453713000 | usd |
CY2021Q3 | us-gaap |
Inventory Gross
InventoryGross
|
404014000 | usd |
CY2021Q3 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
14227000 | usd |
CY2021Q3 | us-gaap |
Inventory Net
InventoryNet
|
389787000 | usd |
flnc |
Inventory Valuation Reserves Inventory Write Down
InventoryValuationReservesInventoryWriteDown
|
13000000 | usd | |
CY2022Q2 | us-gaap |
Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
|
7045000 | usd |
CY2021Q3 | us-gaap |
Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
|
4684000 | usd |
CY2022Q2 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
22115000 | usd |
CY2021Q3 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
14049000 | usd |
CY2022Q2 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
3263000 | usd |
CY2021Q3 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
2480000 | usd |
CY2022Q2 | flnc |
Advance Payments Current
AdvancePaymentsCurrent
|
2962000 | usd |
CY2021Q3 | flnc |
Advance Payments Current
AdvancePaymentsCurrent
|
3601000 | usd |
CY2022Q2 | us-gaap |
Insurance Settlements Receivable Current
InsuranceSettlementsReceivableCurrent
|
0 | usd |
CY2021Q3 | us-gaap |
Insurance Settlements Receivable Current
InsuranceSettlementsReceivableCurrent
|
10000000 | usd |
CY2022Q2 | flnc |
Deferred Stock Issuance Cost Current
DeferredStockIssuanceCostCurrent
|
0 | usd |
CY2021Q3 | flnc |
Deferred Stock Issuance Cost Current
DeferredStockIssuanceCostCurrent
|
7103000 | usd |
CY2022Q2 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
3755000 | usd |
CY2021Q3 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
0 | usd |
CY2022Q2 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
39140000 | usd |
CY2021Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
41917000 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
67072000 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
13576000 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
53496000 | usd |
CY2021Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
46476000 | usd |
CY2021Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
10419000 | usd |
CY2021Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
36057000 | usd |
CY2022Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1300000 | usd |
CY2021Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
900000 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3200000 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
2600000 | usd | |
CY2022Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-1000000.0 | usd |
CY2021Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.045 | |
us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | usd | |
us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | usd | |
CY2021Q3 | us-gaap |
Goodwill
Goodwill
|
9176000 | usd |
CY2020Q3 | us-gaap |
Goodwill
Goodwill
|
4731000 | usd |
us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
-498000 | usd | |
us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
21000 | usd | |
us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
16536000 | usd | |
us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
4449000 | usd | |
CY2022Q2 | us-gaap |
Goodwill
Goodwill
|
25214000 | usd |
CY2021Q2 | us-gaap |
Goodwill
Goodwill
|
9201000 | usd |
CY2022Q2 | flnc |
Inventory Accruals Current
InventoryAccrualsCurrent
|
102947000 | usd |
CY2021Q3 | flnc |
Inventory Accruals Current
InventoryAccrualsCurrent
|
155963000 | usd |
CY2022Q2 | us-gaap |
Provision For Loss On Contracts
ProvisionForLossOnContracts
|
32463000 | usd |
CY2021Q3 | us-gaap |
Provision For Loss On Contracts
ProvisionForLossOnContracts
|
30180000 | usd |
CY2022Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
135410000 | usd |
CY2021Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
186143000 | usd |
CY2021Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1700000 | usd |
CY2022Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.016 | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-500000 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2900000 | usd | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.002 | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.040 | ||
CY2022Q2 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | usd |
CY2021Q3 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | usd |
flnc |
Inventory Valuation Reserves Inventory Write Down
InventoryValuationReservesInventoryWriteDown
|
13000000 | usd | |
CY2022Q2 | us-gaap |
Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
|
23018000 | usd |
CY2021Q3 | us-gaap |
Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
|
26292000 | usd |
CY2022Q2 | flnc |
Unbilled Receivables Current Related Parties
UnbilledReceivablesCurrentRelatedParties
|
26300000 | usd |
CY2021Q3 | flnc |
Unbilled Receivables Current Related Parties
UnbilledReceivablesCurrentRelatedParties
|
7070000 | usd |
CY2022Q2 | us-gaap |
Due From Related Parties Current
DueFromRelatedPartiesCurrent
|
49318000 | usd |
CY2021Q3 | us-gaap |
Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
|
4510000 | usd |
CY2021Q3 | us-gaap |
Due From Related Parties Current
DueFromRelatedPartiesCurrent
|
33362000 | usd |
CY2022Q2 | us-gaap |
Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
|
722000 | usd |
CY2022Q2 | flnc |
Contract With Customer Liability Affiliated Entities Current
ContractWithCustomerLiabilityAffiliatedEntitiesCurrent
|
227831000 | usd |
CY2021Q3 | flnc |
Contract With Customer Liability Affiliated Entities Current
ContractWithCustomerLiabilityAffiliatedEntitiesCurrent
|
220122000 | usd |
CY2022Q2 | flnc |
Accrued Liabilities Current Related Parties
AccruedLiabilitiesCurrentRelatedParties
|
4880000 | usd |
CY2021Q3 | flnc |
Accrued Liabilities Current Related Parties
AccruedLiabilitiesCurrentRelatedParties
|
3293000 | usd |
CY2022Q2 | flnc |
Due To Related Parties And Contract With Customer Affiliated Entities Liability Current
DueToRelatedPartiesAndContractWithCustomerAffiliatedEntitiesLiabilityCurrent
|
233433000 | usd |
CY2021Q3 | flnc |
Due To Related Parties And Contract With Customer Affiliated Entities Liability Current
DueToRelatedPartiesAndContractWithCustomerAffiliatedEntitiesLiabilityCurrent
|
227925000 | usd |
CY2021Q3 | flnc |
Receivables Related Parties Allowance For Credit Loss
ReceivablesRelatedPartiesAllowanceForCreditLoss
|
0 | usd |
CY2022Q2 | flnc |
Receivables Related Parties Allowance For Credit Loss
ReceivablesRelatedPartiesAllowanceForCreditLoss
|
0 | usd |
CY2022Q2 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
123011000 | usd |
CY2021Q2 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
13512000 | usd |
us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
497771000 | usd | |
us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
62164000 | usd | |
CY2022Q2 | us-gaap |
Related Party Costs
RelatedPartyCosts
|
6714000 | usd |
CY2021Q2 | us-gaap |
Related Party Costs
RelatedPartyCosts
|
7269000 | usd |
us-gaap |
Related Party Costs
RelatedPartyCosts
|
16510000 | usd | |
us-gaap |
Related Party Costs
RelatedPartyCosts
|
15755000 | usd | |
CY2022Q2 | flnc |
Related Party Transaction Research And Development Expenses From Transactions With Related Party
RelatedPartyTransactionResearchAndDevelopmentExpensesFromTransactionsWithRelatedParty
|
63000 | usd |
CY2021Q2 | flnc |
Related Party Transaction Research And Development Expenses From Transactions With Related Party
RelatedPartyTransactionResearchAndDevelopmentExpensesFromTransactionsWithRelatedParty
|
-69000 | usd |
flnc |
Related Party Transaction Research And Development Expenses From Transactions With Related Party
RelatedPartyTransactionResearchAndDevelopmentExpensesFromTransactionsWithRelatedParty
|
108000 | usd | |
flnc |
Related Party Transaction Research And Development Expenses From Transactions With Related Party
RelatedPartyTransactionResearchAndDevelopmentExpensesFromTransactionsWithRelatedParty
|
103000 | usd | |
CY2022Q2 | flnc |
Related Party Transaction Sales And Marketing Expenses From Transactions With Related Party
RelatedPartyTransactionSalesAndMarketingExpensesFromTransactionsWithRelatedParty
|
528000 | usd |
CY2021Q2 | flnc |
Related Party Transaction Sales And Marketing Expenses From Transactions With Related Party
RelatedPartyTransactionSalesAndMarketingExpensesFromTransactionsWithRelatedParty
|
1908000 | usd |
flnc |
Related Party Transaction Sales And Marketing Expenses From Transactions With Related Party
RelatedPartyTransactionSalesAndMarketingExpensesFromTransactionsWithRelatedParty
|
1603000 | usd | |
flnc |
Related Party Transaction Sales And Marketing Expenses From Transactions With Related Party
RelatedPartyTransactionSalesAndMarketingExpensesFromTransactionsWithRelatedParty
|
2570000 | usd | |
CY2022Q2 | flnc |
Related Party Transaction General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
|
50000 | usd |
CY2021Q2 | flnc |
Related Party Transaction General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
|
303000 | usd |
flnc |
Related Party Transaction General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
|
1412000 | usd | |
flnc |
Related Party Transaction General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
|
670000 | usd | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
35002000 | usd | |
CY2022Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
7397000 | usd |
CY2021Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
0 | usd |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
0 | usd | |
CY2022Q2 | flnc |
Supply Chain Financing Guarantee By Related Party
SupplyChainFinancingGuaranteeByRelatedParty
|
100000000 | usd |