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10-Q Filing

CLEAN ENERGY FUELS CORP. CIK: 1368265 Q1 2014
Filing Information
Form Type 10-Q
Accession Number 0001104659-14-036488
Period End Date 20140331
Filing Date 20140508
Fiscal Year 2014
Fiscal Period Q1
XBRL Instance clne-20140331.xml
Filing Contents
Balance Sheet 84 line items
Line Item Tag Value Unit Period
Accounts receivable, allowance for doubtful accounts (in dollars) AllowanceForDoubtfulAccountsReceivableCurrent $832.00K USD Point-in-time
Accounts receivable, allowance for doubtful accounts (in dollars) AllowanceForDoubtfulAccountsReceivableCurrent $987.00K 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
Preferred stock, Authorized shares PreferredStockSharesAuthorized 1.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $82.57M 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 $240.03M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $154.33M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $11.92M USD Point-in-time
Preferred stock, issued shares PreferredStockSharesIssued 0.00 shares Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $8.40M USD Point-in-time
Preferred stock, issued shares PreferredStockSharesIssued 0.00 shares Point-in-time
Short-term investments ShortTermInvestments $164.48M 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
Short-term investments ShortTermInvestments $138.24M USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $832 and $987 as of December 31, 2013 and March 31, 2014, respectively AccountsReceivableNetCurrent $60.14M USD 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 $832 and $987 as of December 31, 2013 and March 31, 2014, respectively AccountsReceivableNetCurrent $53.47M USD Point-in-time
Other receivables OtherReceivablesNetCurrent $26.29M USD Point-in-time
Other receivables OtherReceivablesNetCurrent $19.27M USD Point-in-time
Common stock, Authorized shares CommonStockSharesAuthorized 149.00M shares Point-in-time
Common stock, Authorized shares CommonStockSharesAuthorized 149.00M shares Point-in-time
Common stock, issued shares CommonStockSharesIssued 89.86M shares Point-in-time
Inventory, net InventoryNet $33.82M USD Point-in-time
Common stock, issued shares CommonStockSharesIssued 89.36M shares Point-in-time
Inventory, net InventoryNet $38.29M USD Point-in-time
Common stock, outstanding shares CommonStockSharesOutstanding 89.36M shares Point-in-time
Common stock, outstanding shares CommonStockSharesOutstanding 89.86M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $20.84M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $20.48M USD Point-in-time
Total current assets AssetsCurrent $468.92M USD Point-in-time
Total current assets AssetsCurrent $521.10M USD Point-in-time
Land, property and equipment, net PropertyPlantAndEquipmentNet $520.98M USD Point-in-time
Land, property and equipment, net PropertyPlantAndEquipmentNet $487.85M USD Point-in-time
Notes receivable and other long-term assets LongTermInvestmentsAndReceivablesNet $72.58M USD Point-in-time
Notes receivable and other long-term assets LongTermInvestmentsAndReceivablesNet $73.70M USD Point-in-time
Goodwill Goodwill $88.55M USD Point-in-time
Goodwill Goodwill $86.87M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $79.77M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $75.64M USD Point-in-time
Total assets Assets $1.22B USD Point-in-time
Total assets Assets $1.25B USD Point-in-time
Current portion of long-term debt and capital lease obligations LongTermDebtAndCapitalLeaseObligationsCurrent $23.40M USD Point-in-time
Current portion of long-term debt and capital lease obligations LongTermDebtAndCapitalLeaseObligationsCurrent $14.54M USD Point-in-time
Accounts payable AccountsPayableCurrent $35.39M USD Point-in-time
Accounts payable AccountsPayableCurrent $33.54M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $42.58M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $46.74M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $18.56M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $16.42M USD Point-in-time
Total current liabilities LiabilitiesCurrent $111.08M USD Point-in-time
Total current liabilities LiabilitiesCurrent $120.11M USD Point-in-time
Long-term debt and capital lease obligations, less current portion LongTermDebtAndCapitalLeaseObligationsExcludingRelatedParties $532.02M USD Point-in-time
Long-term debt and capital lease obligations, less current portion LongTermDebtAndCapitalLeaseObligationsExcludingRelatedParties $543.32M USD Point-in-time
Long-term debt, related party NotesPayableRelatedPartiesNoncurrent $65.00M USD Point-in-time
Long-term debt, related party NotesPayableRelatedPartiesNoncurrent $65.00M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $15.30M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $11.35M USD Point-in-time
Total liabilities Liabilities $732.43M USD Point-in-time
Total liabilities Liabilities $730.75M 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 89,364,397 shares and 89,858,816 shares at December 31, 2013 and March 31, 2014, respectively CommonStockValue $9.00K USD Point-in-time
Common stock, $0.0001 par value. Authorized 149,000,000 shares; issued and outstanding 89,364,397 shares and 89,858,816 shares at December 31, 2013 and March 31, 2014, respectively CommonStockValue $9.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $883.04M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $890.88M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-367.78M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-396.38M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-700.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-4.16M USD Point-in-time
Total Clean Energy Fuels Corp. stockholders' equity StockholdersEquity $490.35M USD Point-in-time
Total Clean Energy Fuels Corp. stockholders' equity StockholdersEquity $514.57M USD Point-in-time
Noncontrolling interest in subsidiary MinorityInterest $3.97M USD Point-in-time
Noncontrolling interest in subsidiary MinorityInterest $3.90M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $518.54M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $494.25M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $1.22B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $1.25B USD Point-in-time
Income Statement 44 line items
Line Item Tag Value Unit Period
Product revenues SalesRevenueGoodsNet $83.48M USD 1 Quarter
Product revenues SalesRevenueGoodsNet $85.79M USD 1 Quarter
Service revenues SalesRevenueServicesNet $9.49M USD 1 Quarter
Service revenues SalesRevenueServicesNet $9.56M USD 1 Quarter
Total revenues Revenues $95.28M USD 1 Quarter
Total revenues Revenues $93.04M USD 1 Quarter
Product cost of sales CostOfGoodsSold $46.81M USD 1 Quarter
Product cost of sales CostOfGoodsSold $67.87M USD 1 Quarter
Service cost of sales CostOfServices $3.93M USD 1 Quarter
Service cost of sales CostOfServices $3.76M USD 1 Quarter
Series I warrant valuation WarrantValuation $-4.46M USD 1 Quarter
Series I warrant valuation WarrantValuation $466.00K USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $33.49M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $32.88M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $10.16M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $11.52M USD 1 Quarter
Total operating expenses CostsAndExpenses $112.18M USD 1 Quarter
Total operating expenses CostsAndExpenses $94.24M USD 1 Quarter
Operating loss OperatingIncomeLoss $-16.91M USD 1 Quarter
Operating loss OperatingIncomeLoss $-1.20M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-9.51M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-5.07M USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-1.29M USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-390.00K USD 1 Quarter
Loss from equity method investment IncomeLossFromEquityMethodInvestments $-76.00K USD 1 Quarter
Gain from sale of equity method investment EquityMethodInvestmentRealizedGainLossOnDisposal $4.71M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-27.70M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-2.03M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $962.00K USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $1.80M USD 1 Quarter
Net loss ProfitLoss $-28.66M USD 1 Quarter
Net loss ProfitLoss $-3.83M USD 1 Quarter
(Income) loss of noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-71.00K USD 1 Quarter
(Income) loss of noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $36.00K USD 1 Quarter
Net loss attributable to Clean Energy Fuels Corp. NetIncomeLossAvailableToCommonStockholdersBasic $-28.59M 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 $-0.30 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $-0.30 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $-0.04 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 94.68M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 93.13M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 94.68M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 93.13M shares 1 Quarter
Cash Flow Statement 75 line items
Line Item Tag Value Unit Period
Interest paid, capitalized InterestPaidCapitalized $964.00K USD 1 Quarter
Interest paid, capitalized InterestPaidCapitalized $829.00K USD 1 Quarter
Net loss ProfitLoss $-28.66M USD 1 Quarter
Net loss ProfitLoss $-3.83M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $10.16M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $11.52M USD 1 Quarter
Provision for doubtful accounts, notes and inventory ProvisionForDoubtfulAccounts $541.00K 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 (gain) loss DerivativeGainLossOnDerivativeNet $-466.00K USD 1 Quarter
Derivative (gain) loss DerivativeGainLossOnDerivativeNet $4.46M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $3.42M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $6.21M USD 1 Quarter
Amortization of debt issuance cost AmortizationOfFinancingCosts $746.00K 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 $108.00K 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
Accounts and other receivables IncreaseDecreaseInReceivables $17.96M USD 1 Quarter
Accounts and other receivables IncreaseDecreaseInReceivables $-1.57M USD 1 Quarter
Inventory IncreaseDecreaseInInventories $6.07M USD 1 Quarter
Inventory IncreaseDecreaseInInventories $4.47M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $2.28M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-864.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-11.74M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $5.71M USD 1 Quarter
Accrued expenses and other IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $10.97M USD 1 Quarter
Accrued expenses and other IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-1.42M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-16.93M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-14.53M USD 1 Quarter
Purchases of short-term investments PaymentsToAcquireAvailableForSaleSecurities $56.99M USD 1 Quarter
Purchases of short-term investments PaymentsToAcquireAvailableForSaleSecurities $21.23M USD 1 Quarter
Maturities of short-term investments ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $29.82M USD 1 Quarter
Maturities of short-term investments ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $21.23M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $21.70M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $46.85M USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $95.00K USD 1 Quarter
Loans made to customers PaymentsToAcquireLoansReceivable $2.00M USD 1 Quarter
Loans made to customers PaymentsToAcquireLoansReceivable $361.00K USD 1 Quarter
Payments on and proceeds from sales of loans receivable ProceedsFromSaleOfLoansReceivable $2.27M USD 1 Quarter
Payments on and proceeds from sales of loans receivable ProceedsFromSaleOfLoansReceivable $1.51M USD 1 Quarter
Restricted cash IncreaseDecreaseInRestrictedCash $3.52M USD 1 Quarter
Restricted cash IncreaseDecreaseInRestrictedCash $-10.71M USD 1 Quarter
Proceeds from sale of equity method investment ProceedsFromSaleOfEquityMethodInvestments $6.12M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-2.86M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-78.03M USD 1 Quarter
Proceeds from issuance of common stock and exercise of stock options ProceedsFromIssuanceOrSaleOfEquity $178.00K USD 1 Quarter
Proceeds from issuance of common stock and exercise of stock options ProceedsFromIssuanceOrSaleOfEquity $665.00K USD 1 Quarter
Proceeds from debt instruments ProceedsFromIssuanceOfLongTermDebt $12.40M USD 1 Quarter
Proceeds from revolving line of credit ProceedsFromLinesOfCredit $12.33M USD 1 Quarter
Proceeds from revolving line of credit ProceedsFromLinesOfCredit $6.89M USD 1 Quarter
Repayment of borrowing under revolving line of credit RepaymentsOfLinesOfCredit $9.52M USD 1 Quarter
Repayment of borrowing under revolving line of credit RepaymentsOfLinesOfCredit $7.38M USD 1 Quarter
Repayment of capital lease obligations and debt instruments RepaymentsOfLongTermDebtAndCapitalSecurities $8.73M USD 1 Quarter
Repayment of capital lease obligations and debt instruments RepaymentsOfLongTermDebtAndCapitalSecurities $5.60M USD 1 Quarter
Payments for debt issuance costs PaymentsOfDebtIssuanceCosts $914.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-5.91M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $6.24M USD 1 Quarter
Effect of exchange rates on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $620.00K USD 1 Quarter
Effect of exchange rates on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $-247.00K USD 1 Quarter
Net decrease in cash NetCashProvidedByUsedInContinuingOperations $-85.70M USD 1 Quarter
Net decrease in cash NetCashProvidedByUsedInContinuingOperations $-25.95M USD 1 Quarter
Cash, beginning of period CashAndCashEquivalentsAtCarryingValue $82.57M USD Point-in-time
Cash, beginning of period CashAndCashEquivalentsAtCarryingValue $108.52M USD Point-in-time
Cash, beginning of period CashAndCashEquivalentsAtCarryingValue $240.03M USD Point-in-time
Cash, beginning of period CashAndCashEquivalentsAtCarryingValue $154.33M USD Point-in-time
Cash, end of period CashAndCashEquivalentsAtCarryingValue $82.57M USD Point-in-time
Cash, end of period CashAndCashEquivalentsAtCarryingValue $108.52M USD Point-in-time
Cash, end of period CashAndCashEquivalentsAtCarryingValue $240.03M USD Point-in-time
Cash, end of period CashAndCashEquivalentsAtCarryingValue $154.33M USD Point-in-time
Income taxes paid IncomeTaxesPaid $237.00K USD 1 Quarter
Income taxes paid IncomeTaxesPaid $1.65M USD 1 Quarter
Interest paid, net of approximately $829 and $964 capitalized, respectively InterestPaidNet $4.01M USD 1 Quarter
Interest paid, net of approximately $829 and $964 capitalized, respectively InterestPaidNet $12.26M USD 1 Quarter
Comprehensive Income 13 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $-28.66M USD 1 Quarter
Net income (loss) ProfitLoss $-3.83M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $196.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-655.00K USD 1 Quarter
Foreign currency adjustments on intra-entity long-term investments TranslationAdjustmentFunctionalToReportingCurrencyLossGainOnReclassifiedOfEarningsNetOfTax $-1.82M USD 1 Quarter
Foreign currency adjustments on intra-entity long-term investments TranslationAdjustmentFunctionalToReportingCurrencyLossGainOnReclassifiedOfEarningsNetOfTax $-3.34M USD 1 Quarter
Unrealized losses on available-for-sale securities OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-37.00K USD 1 Quarter
Unrealized losses on available-for-sale securities OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-316.00K USD 1 Quarter
Unrecognized gains on derivatives OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $106.00K USD 1 Quarter
Total other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-3.46M USD 1 Quarter
Total other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-2.40M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-6.24M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-32.12M USD 1 Quarter

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

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