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10-Q Filing

CLEAN ENERGY FUELS CORP. CIK: 1368265 Q1 2013
Filing Information
Form Type 10-Q
Accession Number 0001104659-13-038853
Period End Date 20130331
Filing Date 20130508
Fiscal Year 2013
Fiscal Period Q1
XBRL Instance clne-20130331.xml
Filing Contents
Balance Sheet 85 line items
Line Item Tag Value Unit Period
Accounts receivable, allowance for doubtful accounts (in dollars) AllowanceForDoubtfulAccountsReceivableCurrent $905.00K USD Point-in-time
Accounts receivable, allowance for doubtful accounts (in dollars) AllowanceForDoubtfulAccountsReceivableCurrent $818.00K USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $82.57M USD Point-in-time
Preferred stock, Authorized shares PreferredStockSharesAuthorized 1.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $190.67M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $108.52M USD Point-in-time
Preferred stock, Authorized shares PreferredStockSharesAuthorized 1.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $238.12M USD Point-in-time
Preferred stock, issued shares PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, issued shares PreferredStockSharesIssued 0.00 shares Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $9.51M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $8.45M USD Point-in-time
Short-term investments ShortTermInvestments $38.17M USD Point-in-time
Short-term investments ShortTermInvestments $37.97M USD Point-in-time
Preferred stock, outstanding shares PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, outstanding shares PreferredStockSharesOutstanding 0.00 shares Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $905 and $818 as of December 31, 2012 and March 31, 2013, respectively AccountsReceivableNetCurrent $57.59M USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $905 and $818 as of December 31, 2012 and March 31, 2013, respectively AccountsReceivableNetCurrent $47.36M USD Point-in-time
Common stock, Authorized shares CommonStockSharesAuthorized 149.00M shares Point-in-time
Other receivables OtherReceivablesNetCurrent $17.81M USD Point-in-time
Other receivables OtherReceivablesNetCurrent $45.42M USD Point-in-time
Common stock, Authorized shares CommonStockSharesAuthorized 149.00M shares Point-in-time
Common stock, issued shares CommonStockSharesIssued 88.51M shares Point-in-time
Inventory, net InventoryNet $44.22M USD Point-in-time
Common stock, issued shares CommonStockSharesIssued 87.63M shares Point-in-time
Inventory, net InventoryNet $38.15M USD Point-in-time
Common stock, outstanding shares CommonStockSharesOutstanding 87.63M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $17.87M USD Point-in-time
Common stock, outstanding shares CommonStockSharesOutstanding 88.51M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $16.00M USD Point-in-time
Total current assets AssetsCurrent $284.70M USD Point-in-time
Total current assets AssetsCurrent $284.92M USD Point-in-time
Land, property and equipment, net PropertyPlantAndEquipmentNet $438.41M USD Point-in-time
Land, property and equipment, net PropertyPlantAndEquipmentNet $428.18M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsNoncurrent $13.21M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsNoncurrent $1.44M USD Point-in-time
Notes receivable and other long-term assets LongTermInvestmentsAndReceivablesNet $69.95M USD Point-in-time
Notes receivable and other long-term assets LongTermInvestmentsAndReceivablesNet $71.39M USD Point-in-time
Investments in other entities CostMethodInvestments $2.58M USD Point-in-time
Goodwill Goodwill $75.86M USD Point-in-time
Goodwill Goodwill $74.88M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $99.28M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $95.28M USD Point-in-time
Total assets Assets $964.87M USD Point-in-time
Total assets Assets $975.20M USD Point-in-time
Current portion of long-term debt and capital lease obligations LongTermDebtAndCapitalLeaseObligationsCurrent $28.85M USD Point-in-time
Current portion of long-term debt and capital lease obligations LongTermDebtAndCapitalLeaseObligationsCurrent $30.39M USD Point-in-time
Accounts payable AccountsPayableCurrent $39.22M USD Point-in-time
Accounts payable AccountsPayableCurrent $21.99M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $41.19M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $30.79M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $13.91M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $13.52M USD Point-in-time
Total current liabilities LiabilitiesCurrent $105.93M USD Point-in-time
Total current liabilities LiabilitiesCurrent $113.92M USD Point-in-time
Long-term debt and capital lease obligations, less current portion LongTermDebtAndCapitalLeaseObligations $300.64M USD Point-in-time
Long-term debt and capital lease obligations, less current portion LongTermDebtAndCapitalLeaseObligations $286.09M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $14.53M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $14.01M USD Point-in-time
Total liabilities Liabilities $428.57M USD Point-in-time
Total liabilities Liabilities $406.56M USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Preferred stock, $0.0001 par value. Authorized 1,000,000 shares; issued and outstanding no shares PreferredStockValue - USD Point-in-time
Preferred stock, $0.0001 par value. Authorized 1,000,000 shares; issued and outstanding no shares PreferredStockValue - USD Point-in-time
Common stock, $0.0001 par value. Authorized 149,000,000 shares; issued and outstanding 87,634,478 shares and 88,511,691 shares at December 31, 2012 and March 31, 2013, respectively CommonStockValue $9.00K USD Point-in-time
Common stock, $0.0001 par value. Authorized 149,000,000 shares; issued and outstanding 87,634,478 shares and 88,511,691 shares at December 31, 2012 and March 31, 2013, respectively CommonStockValue $9.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $855.29M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $837.37M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-304.69M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-300.81M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $6.15M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $3.75M USD Point-in-time
Total Clean Energy Fuels Corp. stockholders' equity StockholdersEquity $542.71M USD Point-in-time
Total Clean Energy Fuels Corp. stockholders' equity StockholdersEquity $554.36M USD Point-in-time
Noncontrolling interest in subsidiary MinorityInterest $3.92M USD Point-in-time
Noncontrolling interest in subsidiary MinorityInterest $3.95M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $546.63M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $558.31M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $975.20M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $964.87M USD Point-in-time
Income Statement 45 line items
Line Item Tag Value Unit Period
Product revenues SalesRevenueGoodsNet $83.48M USD 1 Quarter
Product revenues SalesRevenueGoodsNet $65.78M USD 1 Quarter
Service revenues SalesRevenueServicesNet $9.56M USD 1 Quarter
Service revenues SalesRevenueServicesNet $7.86M USD 1 Quarter
Total revenues Revenues $73.63M USD 1 Quarter
Total revenues Revenues $93.04M USD 1 Quarter
Product cost of sales CostOfGoodsSold $51.90M USD 1 Quarter
Product cost of sales CostOfGoodsSold $46.81M USD 1 Quarter
Service cost of sales CostOfServices $3.93M USD 1 Quarter
Service cost of sales CostOfServices $3.98M USD 1 Quarter
Series I warrant valuation DerivativeGainLossOnDerivativeNet $-466.00K USD 1 Quarter
Series I warrant valuation DerivativeGainLossOnDerivativeNet $-13.51M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $32.88M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $24.85M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $8.14M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $10.16M USD 1 Quarter
Total operating expenses CostsAndExpenses $102.39M USD 1 Quarter
Total operating expenses CostsAndExpenses $94.24M USD 1 Quarter
Operating loss OperatingIncomeLoss $-1.20M USD 1 Quarter
Operating loss OperatingIncomeLoss $-28.75M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-3.70M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-5.07M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $-390.00K USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $841.00K USD 1 Quarter
Income (loss) from equity method investment IncomeLossFromEquityMethodInvestments $-76.00K USD 1 Quarter
Income (loss) from equity method investment IncomeLossFromEquityMethodInvestments $91.00K USD 1 Quarter
Gain from sale of equity method investment EquityMethodInvestmentRealizedGainLossOnDisposal $4.71M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-31.52M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-2.03M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $246.00K USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $1.80M USD 1 Quarter
Net loss ProfitLoss $-3.83M USD 1 Quarter
Net loss ProfitLoss $-31.77M USD 1 Quarter
Income of noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $137.00K USD 1 Quarter
Income of noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $36.00K USD 1 Quarter
Net loss attributable to Clean Energy Fuels Corp. NetIncomeLossAvailableToCommonStockholdersBasic $-31.91M USD 1 Quarter
Net loss attributable to Clean Energy Fuels Corp. NetIncomeLossAvailableToCommonStockholdersBasic $-3.87M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $-0.04 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $-0.37 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $-0.37 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $-0.04 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 85.68M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 93.13M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 85.68M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 93.13M shares 1 Quarter
Cash Flow Statement 74 line items
Line Item Tag Value Unit Period
Interest paid, capitalized InterestPaidCapitalized $829.00K USD 1 Quarter
Interest paid, capitalized InterestPaidCapitalized $1.52M USD 1 Quarter
Net loss ProfitLoss $-3.83M USD 1 Quarter
Net loss ProfitLoss $-31.77M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $8.14M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $10.16M USD 1 Quarter
Provision for doubtful accounts, notes and inventory ProvisionForDoubtfulAccounts $209.00K USD 1 Quarter
Provision for doubtful accounts, notes and inventory ProvisionForDoubtfulAccounts $17.00K USD 1 Quarter
Loss on disposal of assets GainLossOnDispositionOfAssets $-137.00K USD 1 Quarter
Derivative loss DerivativeGainLossOnDerivativeNet $-466.00K USD 1 Quarter
Derivative loss DerivativeGainLossOnDerivativeNet $-13.51M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $4.68M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $6.21M USD 1 Quarter
Amortization of debt issuance cost AmortizationOfFinancingCosts $113.00K USD 1 Quarter
Amortization of debt issuance cost AmortizationOfFinancingCosts $262.00K USD 1 Quarter
Accretion of notes payable AmortizationOfDebtDiscountPremium $340.00K USD 1 Quarter
Accretion of notes payable AmortizationOfDebtDiscountPremium $555.00K USD 1 Quarter
Gain on sale of equity method investment EquityMethodInvestmentRealizedGainLossOnDisposal $4.71M USD 1 Quarter
Dividend received on equity method investment EquityMethodInvestmentDividendsOrDistributions $1.09M USD 1 Quarter
Gain on contingent consideration for acquisition BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability $2.65M USD 1 Quarter
Accounts and other receivables IncreaseDecreaseInReceivables $1.73M USD 1 Quarter
Accounts and other receivables IncreaseDecreaseInReceivables $17.96M USD 1 Quarter
Inventory IncreaseDecreaseInInventories $3.37M USD 1 Quarter
Inventory IncreaseDecreaseInInventories $6.07M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $2.28M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $7.89M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-8.65M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-11.74M USD 1 Quarter
Accrued expenses and other IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $11.96M USD 1 Quarter
Accrued expenses and other IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $10.97M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-16.90M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-16.93M USD 1 Quarter
Purchases of short-term investments PaymentsToAcquireAvailableForSaleSecurities $4.56M USD 1 Quarter
Purchases of short-term investments PaymentsToAcquireAvailableForSaleSecurities $21.23M USD 1 Quarter
Maturities of short-term investments ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $21.23M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $36.62M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $21.70M USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $95.00K USD 1 Quarter
Loans made to customers PaymentsToAcquireLoansReceivable $361.00K USD 1 Quarter
Loans made to customers PaymentsToAcquireLoansReceivable $3.06M USD 1 Quarter
Payments on and proceeds from sales of loans receivable ProceedsFromSaleOfLoansReceivable $2.57M USD 1 Quarter
Payments on and proceeds from sales of loans receivable ProceedsFromSaleOfLoansReceivable $2.27M USD 1 Quarter
Restricted cash IncreaseDecreaseInRestrictedCash $-10.71M USD 1 Quarter
Restricted cash IncreaseDecreaseInRestrictedCash $-9.63M USD 1 Quarter
Proceeds from sale of equity method investment ProceedsFromSaleOfEquityMethodInvestments $6.12M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-32.04M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-2.86M USD 1 Quarter
Proceeds from issuance of common stock and exercise of stock options ProceedsFromIssuanceOrSaleOfEquity $5.95M USD 1 Quarter
Proceeds from issuance of common stock and exercise of stock options ProceedsFromIssuanceOrSaleOfEquity $178.00K USD 1 Quarter
Proceeds from debt instruments ProceedsFromIssuanceOfLongTermDebt $76.00K USD 1 Quarter
Proceeds from revolving line of credit ProceedsFromLinesOfCredit $6.89M USD 1 Quarter
Proceeds from revolving line of credit ProceedsFromLinesOfCredit $15.07M USD 1 Quarter
Repayment of borrowing under revolving line of credit RepaymentsOfLinesOfCredit $7.38M USD 1 Quarter
Repayment of borrowing under revolving line of credit RepaymentsOfLinesOfCredit $15.00M USD 1 Quarter
Repayment of capital lease obligations and debt instruments RepaymentsOfLongTermDebtAndCapitalSecurities $5.60M USD 1 Quarter
Repayment of capital lease obligations and debt instruments RepaymentsOfLongTermDebtAndCapitalSecurities $5.55M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $543.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-5.91M USD 1 Quarter
Effect of exchange rates on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $-247.00K USD 1 Quarter
Effect of exchange rates on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $936.00K USD 1 Quarter
Net decrease in cash NetCashProvidedByUsedInContinuingOperations $-25.95M USD 1 Quarter
Net decrease in cash NetCashProvidedByUsedInContinuingOperations $-47.46M USD 1 Quarter
Cash, beginning of period CashAndCashEquivalentsAtCarryingValue $82.57M USD Point-in-time
Cash, beginning of period CashAndCashEquivalentsAtCarryingValue $190.67M USD Point-in-time
Cash, beginning of period CashAndCashEquivalentsAtCarryingValue $108.52M USD Point-in-time
Cash, beginning of period CashAndCashEquivalentsAtCarryingValue $238.12M USD Point-in-time
Cash, end of period CashAndCashEquivalentsAtCarryingValue $82.57M USD Point-in-time
Cash, end of period CashAndCashEquivalentsAtCarryingValue $190.67M USD Point-in-time
Cash, end of period CashAndCashEquivalentsAtCarryingValue $108.52M USD Point-in-time
Cash, end of period CashAndCashEquivalentsAtCarryingValue $238.12M USD Point-in-time
Income taxes paid IncomeTaxesPaid $1.65M USD 1 Quarter
Income taxes paid IncomeTaxesPaid $559.00K USD 1 Quarter
Interest paid, net of approximately $1,517 and $829 capitalized, respectively InterestPaidNet $4.01M USD 1 Quarter
Interest paid, net of approximately $1,517 and $829 capitalized, respectively InterestPaidNet $2.36M USD 1 Quarter
Comprehensive Income 14 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $-3.83M USD 1 Quarter
Net income (loss) ProfitLoss $-31.77M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-1.48M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-655.00K USD 1 Quarter
Foreign currency adjustments on intra-entity long-term investments TranslationAdjustmentFunctionalToReportingCurrencyLossGainOnReclassifiedOfEarningsNetOfTax $1.14M USD 1 Quarter
Foreign currency adjustments on intra-entity long-term investments TranslationAdjustmentFunctionalToReportingCurrencyLossGainOnReclassifiedOfEarningsNetOfTax $-1.82M USD 1 Quarter
Unrealized losses on available-for-sale securities OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-37.00K USD 1 Quarter
Unrealized losses on available-for-sale securities OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-116.00K USD 1 Quarter
Unrecognized gains on derivatives OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $715.00K USD 1 Quarter
Unrecognized gains on derivatives OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $106.00K USD 1 Quarter
Total other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $-2.40M USD 1 Quarter
Total other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $266.00K USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-6.24M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-31.50M USD 1 Quarter

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

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