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10-Q Filing

CLEAN ENERGY FUELS CORP. CIK: 1368265 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0001104659-15-036817
Period End Date 20150331
Filing Date 20150511
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance clne-20150331.xml
Filing Contents
Balance Sheet 86 line items
Line Item Tag Value Unit Period
Accounts receivable, allowance for doubtful accounts (in dollars) AllowanceForDoubtfulAccountsReceivableCurrent $785.00K USD Point-in-time
Accounts receivable, allowance for doubtful accounts (in dollars) AllowanceForDoubtfulAccountsReceivableCurrent $752.00K 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 $154.33M USD Point-in-time
Preferred stock, Authorized shares PreferredStockSharesAuthorized 1.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $106.86M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $240.03M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $92.38M USD Point-in-time
Preferred stock, Authorized shares PreferredStockSharesAuthorized 1.00M shares Point-in-time
Preferred stock, issued shares PreferredStockSharesIssued 0.00 shares Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $4.99M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $6.01M USD Point-in-time
Preferred stock, issued shares PreferredStockSharesIssued 0.00 shares Point-in-time
Short-term investments ShortTermInvestments $122.55M 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 $113.56M 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 $752 and $785 as of December 31, 2014 and March 31, 2015, respectively AccountsReceivableNetCurrent $79.06M 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 $752 and $785 as of December 31, 2014 and March 31, 2015, respectively AccountsReceivableNetCurrent $81.97M USD Point-in-time
Common stock, Authorized shares CommonStockSharesAuthorized 224.00M shares Point-in-time
Common stock, Authorized shares CommonStockSharesAuthorized 224.00M shares Point-in-time
Other receivables OtherReceivablesNetCurrent $25.08M USD Point-in-time
Other receivables OtherReceivablesNetCurrent $56.22M USD Point-in-time
Common stock, issued shares CommonStockSharesIssued 90.38M shares Point-in-time
Common stock, issued shares CommonStockSharesIssued 90.20M shares Point-in-time
Inventories InventoryNet $32.80M USD Point-in-time
Inventories InventoryNet $34.70M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $19.81M USD Point-in-time
Common stock, outstanding shares CommonStockSharesOutstanding 90.20M shares Point-in-time
Common stock, outstanding shares CommonStockSharesOutstanding 90.38M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $15.85M USD Point-in-time
Total current assets AssetsCurrent $378.19M USD Point-in-time
Total current assets AssetsCurrent $413.64M USD Point-in-time
Land, property and equipment, net PropertyPlantAndEquipmentNet $519.32M USD Point-in-time
Land, property and equipment, net PropertyPlantAndEquipmentNet $514.27M USD Point-in-time
Notes receivable and other long-term assets, net LongTermInvestmentsAndReceivablesNet $71.82M USD Point-in-time
Notes receivable and other long-term assets, net LongTermInvestmentsAndReceivablesNet $71.90M USD Point-in-time
Investments in other entities CostMethodInvestments $6.31M USD Point-in-time
Investments in other entities CostMethodInvestments $6.51M USD Point-in-time
Goodwill Goodwill $98.73M USD Point-in-time
Goodwill Goodwill $95.31M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $50.06M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $55.36M USD Point-in-time
Total assets Assets $1.12B USD Point-in-time
Total assets Assets $1.16B USD Point-in-time
Current portion of long-term debt and capital lease obligations LongTermDebtAndCapitalLeaseObligationsCurrent $5.71M USD Point-in-time
Current portion of long-term debt and capital lease obligations LongTermDebtAndCapitalLeaseObligationsCurrent $4.85M USD Point-in-time
Accounts payable AccountsPayableCurrent $43.92M USD Point-in-time
Accounts payable AccountsPayableCurrent $41.58M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $56.76M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $57.15M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $11.74M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $14.68M USD Point-in-time
Total current liabilities LiabilitiesCurrent $120.21M USD Point-in-time
Total current liabilities LiabilitiesCurrent $116.18M USD Point-in-time
Long-term debt and capital lease obligations, less current portion LongTermDebtAndCapitalLeaseObligationsExcludingRelatedParties $500.82M USD Point-in-time
Long-term debt and capital lease obligations, less current portion LongTermDebtAndCapitalLeaseObligationsExcludingRelatedParties $503.87M 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 $8.37M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $9.34M USD Point-in-time
Total liabilities Liabilities $695.37M USD Point-in-time
Total liabilities Liabilities $693.42M 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 224,000,000 shares; issued and outstanding 90,203,344 shares and 90,378,353 shares at December 31, 2014 and March 31, 2015, respectively CommonStockValue $9.00K USD Point-in-time
Common stock, $0.0001 par value. Authorized 224,000,000 shares; issued and outstanding 90,203,344 shares and 90,378,353 shares at December 31, 2014 and March 31, 2015, respectively CommonStockValue $9.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $901.13M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $898.11M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-488.57M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-457.44M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-3.25M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-12.22M USD Point-in-time
Total Clean Energy Fuels Corp. stockholders' equity StockholdersEquity $437.43M USD Point-in-time
Total Clean Energy Fuels Corp. stockholders' equity StockholdersEquity $400.34M USD Point-in-time
Noncontrolling interest in subsidiary MinorityInterest $27.23M USD Point-in-time
Noncontrolling interest in subsidiary MinorityInterest $27.61M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $465.04M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $427.57M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $1.12B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $1.16B USD Point-in-time
Income Statement 43 line items
Line Item Tag Value Unit Period
Product revenues SalesRevenueGoodsNet $69.30M USD 1 Quarter
Product revenues SalesRevenueGoodsNet $85.79M USD 1 Quarter
Service revenues SalesRevenueServicesNet $9.49M USD 1 Quarter
Service revenues SalesRevenueServicesNet $16.55M USD 1 Quarter
Total revenues Revenues $85.85M USD 1 Quarter
Total revenues Revenues $95.28M USD 1 Quarter
Product cost of sales CostOfGoodsSold $67.87M USD 1 Quarter
Product cost of sales CostOfGoodsSold $55.38M USD 1 Quarter
Service cost of sales CostOfServices $9.35M USD 1 Quarter
Service cost of sales CostOfServices $3.76M USD 1 Quarter
Series I warrant valuation DerivativeGainLossOnDerivativeNet $883.00K USD 1 Quarter
Series I warrant valuation DerivativeGainLossOnDerivativeNet $4.46M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $33.49M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $30.23M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $12.89M 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 $106.97M USD 1 Quarter
Operating loss OperatingIncomeLoss $-21.12M USD 1 Quarter
Operating loss OperatingIncomeLoss $-16.91M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-9.51M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-9.89M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $-1.29M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $547.00K USD 1 Quarter
Loss from equity method investments IncomeLossFromEquityMethodInvestments $-204.00K USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-30.67M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-27.70M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $962.00K USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $854.00K USD 1 Quarter
Net loss ProfitLoss $-31.53M USD 1 Quarter
Net loss ProfitLoss $-28.66M USD 1 Quarter
Loss from noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-380.00K USD 1 Quarter
Loss from noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-71.00K USD 1 Quarter
Net loss attributable to Clean Energy Fuels Corp. NetIncomeLossAvailableToCommonStockholdersBasic $-31.15M USD 1 Quarter
Net loss attributable to Clean Energy Fuels Corp. NetIncomeLossAvailableToCommonStockholdersBasic $-28.59M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $-0.30 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $-0.34 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $-0.30 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $-0.34 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 94.68M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 91.32M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 91.32M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 94.68M shares 1 Quarter
Cash Flow Statement 74 line items
Line Item Tag Value Unit Period
Interest paid, capitalized InterestPaidCapitalized $964.00K USD 1 Quarter
Interest paid, capitalized InterestPaidCapitalized $268.00K USD 1 Quarter
Net loss ProfitLoss $-31.53M USD 1 Quarter
Net loss ProfitLoss $-28.66M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $12.89M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $11.52M USD 1 Quarter
Provision for doubtful accounts, notes and inventory ProvisionForDoubtfulAccountsAndNotesAndInventoryReserves $541.00K USD 1 Quarter
Provision for doubtful accounts, notes and inventory ProvisionForDoubtfulAccountsAndNotesAndInventoryReserves $110.00K USD 1 Quarter
Loss on disposal of assets GainLossOnDispositionOfAssets $-105.00K USD 1 Quarter
Derivative gain DerivativeGainLossOnDerivativeNet $883.00K USD 1 Quarter
Derivative gain DerivativeGainLossOnDerivativeNet $4.46M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $3.42M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $2.69M USD 1 Quarter
Amortization of debt issuance cost AmortizationOfFinancingCosts $760.00K USD 1 Quarter
Amortization of debt issuance cost AmortizationOfFinancingCosts $746.00K USD 1 Quarter
Accretion of notes payable AmortizationOfDebtDiscountPremium $108.00K USD 1 Quarter
Accretion of notes payable AmortizationOfDebtDiscountPremium $25.00K USD 1 Quarter
Equity method investment loss EquityMethodInvestmentRealizedGainLossOnDisposal $-204.00K USD 1 Quarter
Accounts and other receivables IncreaseDecreaseInReceivables $-35.56M USD 1 Quarter
Accounts and other receivables IncreaseDecreaseInReceivables $-1.57M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $4.47M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-1.88M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-864.00K USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-4.54M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-2.98M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $5.71M USD 1 Quarter
Accrued expenses and other IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-1.42M USD 1 Quarter
Accrued expenses and other IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-2.52M USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $20.86M USD 1 Quarter
Net cash (used in) provided by 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 $38.42M USD 1 Quarter
Maturities of short-term investments ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $47.01M USD 1 Quarter
Maturities of short-term investments ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $29.82M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $46.85M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $11.40M USD 1 Quarter
Loans made to customers PaymentsToAcquireLoansReceivable $2.00M USD 1 Quarter
Loans made to customers PaymentsToAcquireLoansReceivable $1.68M USD 1 Quarter
Payments on and proceeds from sales of loans receivable ProceedsFromSaleOfLoansReceivable $1.51M USD 1 Quarter
Payments on and proceeds from sales of loans receivable ProceedsFromSaleOfLoansReceivable $623.00K USD 1 Quarter
Restricted cash IncreaseDecreaseInRestrictedCash $-1.03M USD 1 Quarter
Restricted cash IncreaseDecreaseInRestrictedCash $3.52M USD 1 Quarter
Deposits on property and equipment purchases DepositPaymentsToAcquirePropertyPlantAndEquipment $1.10M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-3.94M 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 $334.00K 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 debt instruments ProceedsFromIssuanceOfLongTermDebt $6.00K USD 1 Quarter
Proceeds from revolving line of credit ProceedsFromLinesOfCredit $12.33M USD 1 Quarter
Proceeds from revolving line of credit ProceedsFromLinesOfCredit $23.00K USD 1 Quarter
Repayment of borrowings under revolving line of credit RepaymentsOfLinesOfCredit $9.52M USD 1 Quarter
Repayment of borrowings under revolving line of credit RepaymentsOfLinesOfCredit $24.00K 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 $1.49M USD 1 Quarter
Payments for debt issuance costs PaymentsOfDebtIssuanceCosts $914.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-1.15M 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 $-1.29M USD 1 Quarter
Net (decrease) increase in cash NetCashProvidedByUsedInContinuingOperations $14.48M USD 1 Quarter
Net (decrease) increase in cash NetCashProvidedByUsedInContinuingOperations $-85.70M USD 1 Quarter
Cash, beginning of period CashAndCashEquivalentsAtCarryingValue $154.33M USD Point-in-time
Cash, beginning of period CashAndCashEquivalentsAtCarryingValue $106.86M USD Point-in-time
Cash, beginning of period CashAndCashEquivalentsAtCarryingValue $240.03M USD Point-in-time
Cash, beginning of period CashAndCashEquivalentsAtCarryingValue $92.38M USD Point-in-time
Cash, end of period CashAndCashEquivalentsAtCarryingValue $154.33M USD Point-in-time
Cash, end of period CashAndCashEquivalentsAtCarryingValue $106.86M USD Point-in-time
Cash, end of period CashAndCashEquivalentsAtCarryingValue $240.03M USD Point-in-time
Cash, end of period CashAndCashEquivalentsAtCarryingValue $92.38M USD Point-in-time
Income taxes paid IncomeTaxesPaid $180.00K USD 1 Quarter
Income taxes paid IncomeTaxesPaid $237.00K USD 1 Quarter
Interest paid, net of approximately $964 and $268 capitalized, respectively InterestPaidNet $5.94M USD 1 Quarter
Interest paid, net of approximately $964 and $268 capitalized, respectively InterestPaidNet $12.26M USD 1 Quarter
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-31.53M USD 1 Quarter
Net loss ProfitLoss $-28.66M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-5.68M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $196.00K USD 1 Quarter
Foreign currency adjustments on intra-entity long-term investments TranslationAdjustmentFunctionalToReportingCurrencyLossGainOnReclassifiedOfEarningsNetOfTax $-3.31M USD 1 Quarter
Foreign currency adjustments on intra-entity long-term investments TranslationAdjustmentFunctionalToReportingCurrencyLossGainOnReclassifiedOfEarningsNetOfTax $-3.34M USD 1 Quarter
Unrealized gains (losses) on available-for sale securities OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-316.00K USD 1 Quarter
Unrealized gains (losses) on available-for sale securities OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $16.00K USD 1 Quarter
Total other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-3.46M USD 1 Quarter
Total other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-8.98M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-40.50M USD 1 Quarter
Comprehensive 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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