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10-Q Filing

FUELCELL ENERGY INC CIK: 886128 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0000886128-16-000039
Period End Date 20160131
Filing Date 20160310
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance fcel-20160131.xml
Filing Contents
Balance Sheet 84 line items
Line Item Tag Value Unit Period
Preferred Stock, Liquidation Preference, Value PreferredStockLiquidationPreferenceValue $64.02M USD Point-in-time
Cash and cash equivalents, unrestricted CashAndCashEquivalentsAtCarryingValue $84.66M USD Point-in-time
Cash and cash equivalents, unrestricted CashAndCashEquivalentsAtCarryingValue $58.85M USD Point-in-time
Preferred Stock, Liquidation Preference, Value PreferredStockLiquidationPreferenceValue $64.02M USD Point-in-time
Cash and cash equivalents, unrestricted CashAndCashEquivalentsAtCarryingValue $76.94M USD Point-in-time
Cash and cash equivalents, unrestricted CashAndCashEquivalentsAtCarryingValue $83.71M 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
Restricted cash and cash equivalents - short term RestrictedCashAndCashEquivalentsAtCarryingValue $6.37M USD Point-in-time
Restricted cash and cash equivalents - short term RestrictedCashAndCashEquivalentsAtCarryingValue $6.29M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $45.40M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 39.58M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 39.58M shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $60.79M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 25.96M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 28.10M shares Point-in-time
Inventories InventoryNet $65.75M USD Point-in-time
Inventories InventoryNet $60.28M USD Point-in-time
Project Assets, Current ProjectAssetsCurrent $5.26M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 28.10M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 25.96M shares Point-in-time
Project Assets, Current ProjectAssetsCurrent $8.94M USD Point-in-time
Other current assets OtherAssetsCurrent $6.95M USD Point-in-time
Treasury stock, shares TreasuryStockShares 5,845.00 shares Point-in-time
Treasury stock, shares TreasuryStockShares 5,845.00 shares Point-in-time
Other current assets OtherAssetsCurrent $7.24M USD Point-in-time
Total current assets AssetsCurrent $205.17M USD Point-in-time
Total current assets AssetsCurrent $203.90M USD Point-in-time
Restricted cash and cash equivalents - long-term RestrictedCashAndCashEquivalentsNoncurrent $20.60M USD Point-in-time
Restricted cash and cash equivalents - long-term RestrictedCashAndCashEquivalentsNoncurrent $30.91M USD Point-in-time
Long-term project assets Longtermprojectassets $13.06M USD Point-in-time
Long-term project assets Longtermprojectassets $6.92M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $29.00M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $29.11M USD Point-in-time
Goodwill Goodwill $4.08M USD Point-in-time
Goodwill Goodwill $4.08M USD Point-in-time
Intangible Assets IntangibleAssetsNetExcludingGoodwill $9.59M USD Point-in-time
Intangible Assets IntangibleAssetsNetExcludingGoodwill $9.59M USD Point-in-time
Other assets, net OtherAssetsNoncurrent $3.14M USD Point-in-time
Other assets, net OtherAssetsNoncurrent $2.72M USD Point-in-time
Total assets Assets $294.62M USD Point-in-time
Total assets Assets $277.23M USD Point-in-time
Current portion of long-term debt DebtCurrent $7.36M USD Point-in-time
Current portion of long-term debt DebtCurrent $1.96M USD Point-in-time
Accounts payable AccountsPayableCurrent $14.60M USD Point-in-time
Accounts payable AccountsPayableCurrent $15.74M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $28.99M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $19.18M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $31.79M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $28.53M USD Point-in-time
Preferred stock obligation of subsidiary PreferredStockObligationOfSubsidiary $769.00K USD Point-in-time
Preferred stock obligation of subsidiary PreferredStockObligationOfSubsidiary $823.00K USD Point-in-time
Total current liabilities LiabilitiesCurrent $74.85M USD Point-in-time
Total current liabilities LiabilitiesCurrent $74.89M USD Point-in-time
Long-term deferred revenue DeferredRevenueNoncurrent $22.65M USD Point-in-time
Long-term deferred revenue DeferredRevenueNoncurrent $22.58M USD Point-in-time
Long-term preferred stock obligation of subsidiary LongTermPreferredStockObligationOfSubsidiary $12.09M USD Point-in-time
Long-term preferred stock obligation of subsidiary LongTermPreferredStockObligationOfSubsidiary $11.49M USD Point-in-time
Long-term debt and other liabilities OtherLiabilitiesNoncurrent $13.00M USD Point-in-time
Long-term debt and other liabilities OtherLiabilitiesNoncurrent $29.64M USD Point-in-time
Total liabilities Liabilities $138.56M USD Point-in-time
Total liabilities Liabilities $122.62M USD Point-in-time
Redeemable preferred stock (liquidation preference of $64,020 at January 31, 2016 and October 31, 2015) TemporaryEquityCarryingAmountAttributableToParent $59.86M USD Point-in-time
Redeemable preferred stock (liquidation preference of $64,020 at January 31, 2016 and October 31, 2015) TemporaryEquityCarryingAmountAttributableToParent $59.86M USD Point-in-time
Common stock ($.0001 par value); 39,583,333 as of January 31, 2016 and October 31, 2015; 28,104,525 and 25,964,710 shares issued and outstanding at January 31, 2016 and October 31, 2015, respectively. CommonStockValue $3.00K USD Point-in-time
Common stock ($.0001 par value); 39,583,333 as of January 31, 2016 and October 31, 2015; 28,104,525 and 25,964,710 shares issued and outstanding at January 31, 2016 and October 31, 2015, respectively. CommonStockValue $3.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $934.49M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $947.93M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-850.38M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-838.67M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-727.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-509.00K USD Point-in-time
Treasury stock, Common, at cost (5,845 shares as of January 31, 2016 and October 31, 2015) TreasuryStockValue $-78.00K USD Point-in-time
Treasury stock, Common, at cost (5,845 shares as of January 31, 2016 and October 31, 2015) TreasuryStockValue $-78.00K USD Point-in-time
Deferred Compensation Equity DeferredCompensationEquity $78.00K USD Point-in-time
Deferred Compensation Equity DeferredCompensationEquity $78.00K USD Point-in-time
Total shareholders' equity StockholdersEquity $95.31M USD Point-in-time
Total shareholders' equity StockholdersEquity $96.82M USD Point-in-time
Noncontrolling interest in subsidiaries MinorityInterest $-555.00K USD Point-in-time
Noncontrolling interest in subsidiaries MinorityInterest $-622.00K USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $96.20M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $94.75M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $277.23M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $294.62M USD Point-in-time
Income Statement 54 line items
Line Item Tag Value Unit Period
Product sales SalesRevenueGoodsNet $33.42M USD 1 Quarter
Product sales SalesRevenueGoodsNet $25.07M USD 1 Quarter
Service agreements and license revenues SalesRevenueServicesNet $6.32M USD 1 Quarter
Service agreements and license revenues SalesRevenueServicesNet $3.87M USD 1 Quarter
Advanced technologies contract revenues ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned $4.38M USD 1 Quarter
Advanced technologies contract revenues ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned $2.09M USD 1 Quarter
Total revenues Revenues $33.48M USD 1 Quarter
Total revenues Revenues $41.67M USD 1 Quarter
Product sales SalesRevenueGoodsNet $33.42M USD 1 Quarter
Product sales SalesRevenueGoodsNet $25.07M USD 1 Quarter
Service agreements and license revenues SalesRevenueServicesNet $6.32M USD 1 Quarter
Service agreements and license revenues SalesRevenueServicesNet $3.87M USD 1 Quarter
Cost of product sales CostOfGoodsSold $30.35M USD 1 Quarter
Cost of product sales CostOfGoodsSold $24.39M USD 1 Quarter
Advanced technologies contract revenues ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned $4.38M USD 1 Quarter
Advanced technologies contract revenues ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned $2.09M USD 1 Quarter
Cost of service agreements and license revenues CostOfServices $3.57M USD 1 Quarter
Cost of service agreements and license revenues CostOfServices $6.85M USD 1 Quarter
Cost of advanced technologies contract revenues ResearchAndDevelopmentArrangementContractToPerformForOthersCostsIncurredGross $3.74M USD 1 Quarter
Cost of advanced technologies contract revenues ResearchAndDevelopmentArrangementContractToPerformForOthersCostsIncurredGross $2.41M USD 1 Quarter
Total costs of revenues CostOfRevenue $33.65M USD 1 Quarter
Total costs of revenues CostOfRevenue $37.66M USD 1 Quarter
Gross (loss) profit GrossProfit $-166.00K USD 1 Quarter
Gross (loss) profit GrossProfit $4.01M USD 1 Quarter
Administrative and selling expenses SellingGeneralAndAdministrativeExpense $5.64M USD 1 Quarter
Administrative and selling expenses SellingGeneralAndAdministrativeExpense $6.04M USD 1 Quarter
Research and development expenses ResearchAndDevelopmentExpense $5.31M USD 1 Quarter
Research and development expenses ResearchAndDevelopmentExpense $3.50M USD 1 Quarter
Total costs and expenses OperatingExpenses $11.35M USD 1 Quarter
Total costs and expenses OperatingExpenses $9.14M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-5.13M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-11.52M USD 1 Quarter
Interest expense InterestExpense $664.00K USD 1 Quarter
Interest expense InterestExpense $845.00K USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $1.68M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $688.00K USD 1 Quarter
Loss before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-4.11M USD 1 Quarter
Loss before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-11.67M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $40.00K USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $105.00K USD 1 Quarter
Net Loss ProfitLoss $-11.78M USD 1 Quarter
Net Loss ProfitLoss $-4.15M USD 1 Quarter
Net loss attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-88.00K USD 1 Quarter
Net loss attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-67.00K USD 1 Quarter
Net loss attributable to FuelCell Energy, Inc. NetIncomeLoss $-4.07M USD 1 Quarter
Net loss attributable to FuelCell Energy, Inc. NetIncomeLoss $-11.71M USD 1 Quarter
Preferred stock dividends DividendsPreferredStock $800.00K USD 1 Quarter
Preferred stock dividends DividendsPreferredStock $800.00K USD 1 Quarter
Net loss attributable to common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $-12.51M USD 1 Quarter
Net loss attributable to common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $-4.87M USD 1 Quarter
Net loss per share attributable to common shareholders EarningsPerShareBasicAndDiluted $-0.20 USD 1 Quarter
Net loss per share attributable to common shareholders EarningsPerShareBasicAndDiluted $-0.48 USD 1 Quarter
Weighted Average Number of Shares Outstanding, Basic and Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 26.25M shares 1 Quarter
Weighted Average Number of Shares Outstanding, Basic and Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 23.80M shares 1 Quarter
Cash Flow Statement 68 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-11.78M USD 1 Quarter
Net loss ProfitLoss $-4.15M USD 1 Quarter
Share-based compensation ShareBasedCompensation $761.00K USD 1 Quarter
Share-based compensation ShareBasedCompensation $858.00K USD 1 Quarter
Gain from change in fair value of embedded derivatives EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet $39.00K USD 1 Quarter
Gain from change in fair value of embedded derivatives EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet $84.00K USD 1 Quarter
Depreciation Depreciation $963.00K USD 1 Quarter
Depreciation Depreciation $1.15M USD 1 Quarter
Interest expense on preferred stock obligation AmortizationOfBondPremium $480.00K USD 1 Quarter
Interest expense on preferred stock obligation AmortizationOfBondPremium $430.00K USD 1 Quarter
Unrealized foreign exchange gains ForeignCurrencyTransactionGainLossRealized $845.00K USD 1 Quarter
Unrealized foreign exchange gains ForeignCurrencyTransactionGainLossRealized $1.51M USD 1 Quarter
Other non-cash transactions, net OtherNoncashIncomeExpense $-203.00K USD 1 Quarter
Other non-cash transactions, net OtherNoncashIncomeExpense $125.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-3.75M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-16.49M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-5.48M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $725.00K USD 1 Quarter
Project assets IncreaseDecreaseinprojectassets $4.93M USD 1 Quarter
Project assets IncreaseDecreaseinprojectassets $8.94M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-120.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $2.86M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-1.14M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-468.00K USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $9.97M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-131.00K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $6.72M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $-3.32M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-2.27M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $8.60M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $1.62M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $1.31M USD 1 Quarter
Project asset expenditures Investmentinlongtermprojectassets - USD 1 Quarter
Project asset expenditures Investmentinlongtermprojectassets $2.04M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-3.36M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-1.62M USD 1 Quarter
Repayment of debt RepaymentsOfLongTermDebt $8.92M USD 1 Quarter
Repayment of debt RepaymentsOfLongTermDebt $121.00K USD 1 Quarter
Proceeds from debt ProceedsFromOtherDebt $20.10M USD 1 Quarter
Proceeds from debt ProceedsFromOtherDebt - USD 1 Quarter
Increase in restricted cash and cash equivalents ProceedsFromRepaymentsOfRestrictedCashFinancingActivities $-2.14M USD 1 Quarter
Increase in restricted cash and cash equivalents ProceedsFromRepaymentsOfRestrictedCashFinancingActivities $-10.39M USD 1 Quarter
Payment of preferred dividends and return of capital PaymentOfPreferredDividendsAndReturnOfCapital $1.09M USD 1 Quarter
Payment of preferred dividends and return of capital PaymentOfPreferredDividendsAndReturnOfCapital $1.03M USD 1 Quarter
Proceeds from sale of common stock, net of registration fees ProceedsFromIssuanceOfCommonStock $8.49M USD 1 Quarter
Proceeds from sale of common stock, net of registration fees ProceedsFromIssuanceOfCommonStock $13.31M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $5.13M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $13.07M USD 1 Quarter
Effects on cash from changes in foreign currency rates EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $-218.00K USD 1 Quarter
Effects on cash from changes in foreign currency rates EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $-288.00K USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $954.00K USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $18.09M USD 1 Quarter
Cash and cash equivalents-beginning of period CashAndCashEquivalentsAtCarryingValue $84.66M USD Point-in-time
Cash and cash equivalents-beginning of period CashAndCashEquivalentsAtCarryingValue $58.85M USD Point-in-time
Cash and cash equivalents-beginning of period CashAndCashEquivalentsAtCarryingValue $76.94M USD Point-in-time
Cash and cash equivalents-beginning of period CashAndCashEquivalentsAtCarryingValue $83.71M USD Point-in-time
Cash and cash equivalents-end of period CashAndCashEquivalentsAtCarryingValue $84.66M USD Point-in-time
Cash and cash equivalents-end of period CashAndCashEquivalentsAtCarryingValue $58.85M USD Point-in-time
Cash and cash equivalents-end of period CashAndCashEquivalentsAtCarryingValue $76.94M USD Point-in-time
Cash and cash equivalents-end of period CashAndCashEquivalentsAtCarryingValue $83.71M USD Point-in-time
Cash interest paid InterestPaid $359.00K USD 1 Quarter
Cash interest paid InterestPaid $155.00K USD 1 Quarter
Common stock issued for Employee Stock Purchase Plan in settlement of prior year accrued employee contributions CommonStockIssuedForEmployeeStockPurchasePlanInSettlementOfPriorYearAccruedEmployeeContributions $105.00K USD 1 Quarter
Common stock issued for Employee Stock Purchase Plan in settlement of prior year accrued employee contributions CommonStockIssuedForEmployeeStockPurchasePlanInSettlementOfPriorYearAccruedEmployeeContributions $168.00K USD 1 Quarter
Accrued grant awards Accruedgrantawards - USD 1 Quarter
Accrued grant awards Accruedgrantawards $1.10M USD 1 Quarter
Accrued Sale of Common Stock, cash received in subsequent period AccruedSaleofCommonStock $475.00K USD 1 Quarter
Accrued Sale of Common Stock, cash received in subsequent period AccruedSaleofCommonStock $33.00K USD 1 Quarter
Comprehensive Income 6 line items
Line Item Tag Value Unit Period
Net Loss ProfitLoss $-11.78M USD 1 Quarter
Net Loss ProfitLoss $-4.15M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-288.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-218.00K USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-4.44M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-12.00M USD 1 Quarter

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

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