10-Q Filing

FUELCELL ENERGY INC CIK: 886128 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0000886128-13-000006`
Period End Date	20130131
Filing Date	20130312
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	fcel-20130131.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 52 Cash Flow Statement 62 Comprehensive Income 6

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, liquidation preference value	`RedeemablePreferredStockLiquidationPreference`	$64.02M	USD	Point-in-time
Preferred stock, liquidation preference value	`RedeemablePreferredStockLiquidationPreference`	$64.02M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$86.27M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	275.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	275.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$51.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$57.51M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	185.86M	shares	Point-in-time
License fee receivable	`LicenseFeeReceivable`	$10.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	189.50M	shares	Point-in-time
License fee receivable	`LicenseFeeReceivable`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	185.86M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$25.98M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	189.50M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$20.10M	USD	Point-in-time
Inventories	`InventoryNet`	$47.05M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	5,679.00	shares	Point-in-time
Inventories	`InventoryNet`	$47.70M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	5,679.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$4.73M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$6.95M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$160.37M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$145.93M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$23.26M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$21.55M	USD	Point-in-time
Goodwill	`Goodwill`	$4.25M	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Intangible Assets	`IntangibleAssetsNetExcludingGoodwill`	$9.59M	USD	Point-in-time
Intangible Assets	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Investment in and loans to affiliate	`InvestmentsInAndAdvancesToAffiliatesAmountOfEquity`	-	USD	Point-in-time
Investment in and loans to affiliate	`InvestmentsInAndAdvancesToAffiliatesAmountOfEquity`	$6.12M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$16.19M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$13.88M	USD	Point-in-time
Total assets	`Assets`	$191.49M	USD	Point-in-time
Total assets	`Assets`	$209.64M	USD	Point-in-time
Current portion of long-term debt	`DebtCurrent`	$5.22M	USD	Point-in-time
Current portion of long-term debt	`DebtCurrent`	$5.16M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.25M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.41M	USD	Point-in-time
Accounts payable due to affiliate	`DueToAffiliateCurrent`	$203.00K	USD	Point-in-time
Accounts payable due to affiliate	`DueToAffiliateCurrent`	-	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$20.84M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$20.27M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$45.94M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$66.59M	USD	Point-in-time
Preferred stock obligation of subsidiary	`PreferredStockObligationOfSubsidiary`	$1.07M	USD	Point-in-time
Preferred stock obligation of subsidiary	`PreferredStockObligationOfSubsidiary`	$1.07M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$101.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$84.90M	USD	Point-in-time
Long-term deferred revenue	`DeferredRevenueNoncurrent`	$22.32M	USD	Point-in-time
Long-term deferred revenue	`DeferredRevenueNoncurrent`	$15.53M	USD	Point-in-time
Long-term preferred stock obligation of subsidiary	`LongTermPreferredStockObligationOfSubsidiary`	$13.27M	USD	Point-in-time
Long-term preferred stock obligation of subsidiary	`LongTermPreferredStockObligationOfSubsidiary`	$13.10M	USD	Point-in-time
Long term debt and liabilities	`LongTermDebtAndOtherLongTermLiabilities`	$3.98M	USD	Point-in-time
Long term debt and liabilities	`LongTermDebtAndOtherLongTermLiabilities`	$7.38M	USD	Point-in-time
Total liabilities	`Liabilities`	$117.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$144.10M	USD	Point-in-time
Redeemable preferred stock (liquidation preference of $64,020 at January 31, 2013 and October 31, 2012)	`TemporaryEquityCarryingAmountAttributableToParent`	$59.86M	USD	Point-in-time
Redeemable preferred stock (liquidation preference of $64,020 at January 31, 2013 and October 31, 2012)	`TemporaryEquityCarryingAmountAttributableToParent`	$59.86M	USD	Point-in-time
Common stock ($.0001 par value); 275,000,000 shares authorized;189,496,028 and 185,856,123 shares issued and outstanding at January 31, 2013 and October 31, 2012, respectively.	`CommonStockValue`	$19.00K	USD	Point-in-time
Common stock ($.0001 par value); 275,000,000 shares authorized;189,496,028 and 185,856,123 shares issued and outstanding at January 31, 2013 and October 31, 2012, respectively.	`CommonStockValue`	$18.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$754.61M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$751.26M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-748.51M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-736.83M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$66.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$142.00K	USD	Point-in-time
Treasury stock, Common, at cost (5,679 shares at January 31, 2013 and October 31, 2012)	`TreasuryStockValue`	$53.00K	USD	Point-in-time
Treasury stock, Common, at cost (5,679 shares at January 31, 2013 and October 31, 2012)	`TreasuryStockValue`	$53.00K	USD	Point-in-time
Deferred compensation	`DeferredCompensation`	$53.00K	USD	Point-in-time
Deferred compensation	`DeferredCompensation`	$53.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$14.51M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.25M	USD	Point-in-time
Noncontrolling interest in subsidiaries	`MinorityInterest`	$579.00K	USD	Point-in-time
Noncontrolling interest in subsidiaries	`MinorityInterest`	$381.00K	USD	Point-in-time
Total equity	`StockholdersEquity`	$5.67M	USD	Point-in-time
Total equity	`StockholdersEquity`	$14.13M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$191.49M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$209.64M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Product sales	`SalesRevenueGoodsNet`	$29.07M	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$26.20M	USD	1 Quarter
Service and license revenues	`SalesRevenueServicesNet`	$4.97M	USD	1 Quarter
Service and license revenues	`SalesRevenueServicesNet`	$3.40M	USD	1 Quarter
Advanced technologies contract revenues	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$2.32M	USD	1 Quarter
Advanced technologies contract revenues	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$1.74M	USD	1 Quarter
Total revenues	`Revenues`	$31.34M	USD	1 Quarter
Total revenues	`Revenues`	$36.36M	USD	1 Quarter
Cost of product sales	`CostOfGoodsSold`	$23.36M	USD	1 Quarter
Cost of product sales	`CostOfGoodsSold`	$29.94M	USD	1 Quarter
Cost of service and license revenues	`CostOfServices`	$6.49M	USD	1 Quarter
Cost of service and license revenues	`CostOfServices`	$4.30M	USD	1 Quarter
Cost of advanced technologies contract revenues	`ResearchAndDevelopmentArrangementContractToPerformForOthersCostsIncurredGross`	$2.24M	USD	1 Quarter
Cost of advanced technologies contract revenues	`ResearchAndDevelopmentArrangementContractToPerformForOthersCostsIncurredGross`	$1.57M	USD	1 Quarter
Total costs of revenues	`CostOfRevenue`	$38.67M	USD	1 Quarter
Total costs of revenues	`CostOfRevenue`	$29.23M	USD	1 Quarter
Gross (loss) profit	`GrossProfit`	$-2.31M	USD	1 Quarter
Gross (loss) profit	`GrossProfit`	$2.10M	USD	1 Quarter
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$3.76M	USD	1 Quarter
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$5.43M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$3.33M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$3.78M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$7.55M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$8.76M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-5.44M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-11.07M	USD	1 Quarter
Interest expense	`InterestExpense`	$566.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$630.00K	USD	1 Quarter
Income (loss) from equity investment	`IncomeLossFromEquityMethodInvestments`	$-362.00K	USD	1 Quarter
Income (loss) from equity investment	`IncomeLossFromEquityMethodInvestments`	$46.00K	USD	1 Quarter
License fee and royalty income	`LicenseFeeAndRoyaltyIncome`	$424.00K	USD	1 Quarter
License fee and royalty income	`LicenseFeeAndRoyaltyIncome`	-	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-282.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$196.00K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-11.87M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-5.82M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$199.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.00K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-6.01M	USD	1 Quarter
Net Loss	`ProfitLoss`	$-11.88M	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-198.00K	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-71.00K	USD	1 Quarter
Net loss attributable to FuelCell Energy, Inc.	`NetIncomeLoss`	$-5.94M	USD	1 Quarter
Net loss attributable to FuelCell Energy, Inc.	`NetIncomeLoss`	$-11.68M	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$800.00K	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$800.00K	USD	1 Quarter
Net loss to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-12.48M	USD	1 Quarter
Net loss to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.74M	USD	1 Quarter
Net loss per share to common shareholders	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	1 Quarter
Net loss per share to common shareholders	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageSharesOutstandingBasicAndDiluted`	187.55M	shares	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageSharesOutstandingBasicAndDiluted`	139.56M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-6.01M	USD	1 Quarter
Net loss	`ProfitLoss`	$-11.88M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$540.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$509.00K	USD	1 Quarter
Income (loss) from equity investment	`IncomeLossFromEquityMethodInvestments`	$-362.00K	USD	1 Quarter
Income (loss) from equity investment	`IncomeLossFromEquityMethodInvestments`	$46.00K	USD	1 Quarter
Depreciation	`Depreciation`	$1.01M	USD	1 Quarter
Depreciation	`Depreciation`	$1.45M	USD	1 Quarter
Amortization of bond premium and interest expense on Series 1 Preferred	`AmortizationOfBondPremium`	$511.00K	USD	1 Quarter
Amortization of bond premium and interest expense on Series 1 Preferred	`AmortizationOfBondPremium`	$581.00K	USD	1 Quarter
Other non-cash transactions, net	`OtherNoncashIncomeExpense`	$175.00K	USD	1 Quarter
Other non-cash transactions, net	`OtherNoncashIncomeExpense`	$-210.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-17.02M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.94M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-3.24M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$6.20M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$880.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$739.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.34M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.92M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-3.25M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.03M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$27.43M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-6.18M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$30.90M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-17.80M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$926.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.40M	USD	1 Quarter
Cash acquired from acquisition	`CashAcquiredFromAcquisition`	$357.00K	USD	1 Quarter
Cash acquired from acquisition	`CashAcquiredFromAcquisition`	-	USD	1 Quarter
Treasury notes matured	`TreasuryNotesMatured`	-	USD	1 Quarter
Treasury notes matured	`TreasuryNotesMatured`	$7.50M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$6.57M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.04M	USD	1 Quarter
Repayment of debt	`RepaymentsOfLongTermDebt`	$55.00K	USD	1 Quarter
Repayment of debt	`RepaymentsOfLongTermDebt`	$63.00K	USD	1 Quarter
Payment of preferred dividends and return of capital	`PaymentOfPreferredDividendsAndReturnOfCapital`	$1.11M	USD	1 Quarter
Payment of preferred dividends and return of capital	`PaymentOfPreferredDividendsAndReturnOfCapital`	$4.29M	USD	1 Quarter
Proceeds from sale of common stock, net of registration fees	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from sale of common stock, net of registration fees	`ProceedsFromIssuanceOfCommonStock`	$1.19M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.15M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.18M	USD	1 Quarter
Effects on cash from changes in foreign currency rates	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$76.00K	USD	1 Quarter
Effects on cash from changes in foreign currency rates	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-2.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$28.76M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-14.38M	USD	1 Quarter
Cash and cash equivalents-beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$86.27M	USD	Point-in-time
Cash and cash equivalents-beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$51.41M	USD	Point-in-time
Cash and cash equivalents-beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$37.03M	USD	Point-in-time
Cash and cash equivalents-beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$57.51M	USD	Point-in-time
Cash and cash equivalents-end of period	`CashAndCashEquivalentsAtCarryingValue`	$86.27M	USD	Point-in-time
Cash and cash equivalents-end of period	`CashAndCashEquivalentsAtCarryingValue`	$51.41M	USD	Point-in-time
Cash and cash equivalents-end of period	`CashAndCashEquivalentsAtCarryingValue`	$37.03M	USD	Point-in-time
Cash and cash equivalents-end of period	`CashAndCashEquivalentsAtCarryingValue`	$57.51M	USD	Point-in-time
Cash interest paid	`InterestPaid`	$63.00K	USD	1 Quarter
Cash interest paid	`InterestPaid`	$55.00K	USD	1 Quarter
Common stock issued in settlement of prior year bonus obligation	`CommonStockIssuedInSettlementOfPriorYearBonusObligation`	$550.00K	USD	1 Quarter
Common stock issued in settlement of prior year bonus obligation	`CommonStockIssuedInSettlementOfPriorYearBonusObligation`	-	USD	1 Quarter
Common stock issued for Employee Stock Purchase Plan in settlement of prior year accrued employee contributions	`CommonStockIssuedForEmployeeStockPurchasePlanInSettlementOfPriorYearAccruedEmployeeContributions`	$85.00K	USD	1 Quarter
Common stock issued for Employee Stock Purchase Plan in settlement of prior year accrued employee contributions	`CommonStockIssuedForEmployeeStockPurchasePlanInSettlementOfPriorYearAccruedEmployeeContributions`	$84.00K	USD	1 Quarter
Stock Issued During Period, Value, Acquisitions	`StockIssuedDuringPeriodValueAcquisitions`	$3.56M	USD	1 Quarter
Stock Issued During Period, Value, Acquisitions	`StockIssuedDuringPeriodValueAcquisitions`	-	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`ProfitLoss`	$-6.01M	USD	1 Quarter
Net Loss	`ProfitLoss`	$-11.88M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$76.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-2.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-11.80M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-6.02M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.