10-K Filing

NEXTDECADE CORP CIK: 1612720 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001437749-21-007153`
Period End Date	20201231
Filing Date	20210325
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	next20201231_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 37 Cash Flow Statement 68 Stockholders Equity 21

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.74M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.61M	USD	Point-in-time
Investment securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$62.21M	USD	Point-in-time
Investment securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	-	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$859.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$670.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$23.28M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$78.80M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	117.80M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$134.59M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$161.66M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	117.30M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	117.30M	shares	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$1.05M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$429.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	117.80M	shares	Point-in-time
Other non current assets	`OtherAssetsNoncurrent`	$6.75M	USD	Point-in-time
Other non current assets	`OtherAssetsNoncurrent`	$16.30M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	137,860.00	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	249,742.00	shares	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total assets	`Assets`	$221.19M	USD	Point-in-time
Total assets	`Assets`	$201.67M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	900,000.00	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	900,000.00	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.91M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$207.00K	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Share-based compensation liability	`DeferredCompensationShareBasedArrangementsLiabilityCurrent`	$182.00K	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Share-based compensation liability	`DeferredCompensationShareBasedArrangementsLiabilityCurrent`	$182.00K	USD	Point-in-time
Accrued liabilities and other current liabilities	`AccruedLiabilitiesAndOtherLiabilitiesCurrent`	$1.03M	USD	Point-in-time
Accrued liabilities and other current liabilities	`AccruedLiabilitiesAndOtherLiabilitiesCurrent`	$8.75M	USD	Point-in-time
Current Common Stock Warrant liabilities	`CurrentCommonStockWarrantLiabilities`	$3.29M	USD	Point-in-time
Current Common Stock Warrant liabilities	`CurrentCommonStockWarrantLiabilities`	-	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$698.00K	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$432.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$21.54M	USD	Point-in-time
Non-current Common Stock Warrant liabilities	`NonCurrentCommonStockWarrantLiabilities`	$12.03M	USD	Point-in-time
Non-current Common Stock Warrant liabilities	`NonCurrentCommonStockWarrantLiabilities`	$874.00K	USD	Point-in-time
Non-current operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Non-current operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$3.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$22.92M	USD	Point-in-time
Total liabilities	`Liabilities`	$28.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$33.58M	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.0001 par value Authorized: 480.0 million shares at December 31, 2020 and December 31, 2019, Issued and outstanding: 117.8 million shares and 117.3 million shares at December 31, 2020 and December 31, 2019, respectively	`CommonStockValue`	$12.00K	USD	Point-in-time
Common stock, $0.0001 par value Authorized: 480.0 million shares at December 31, 2020 and December 31, 2019, Issued and outstanding: 117.8 million shares and 117.3 million shares at December 31, 2020 and December 31, 2019, respectively	`CommonStockValue`	$12.00K	USD	Point-in-time
Treasury stock: 249,742 shares and 137,860 shares at December 31, 2020 and December 31, 2019, respectively, at cost	`TreasuryStockValue`	$685.00K	USD	Point-in-time
Treasury stock: 249,742 shares and 137,860 shares at December 31, 2020 and December 31, 2019, respectively, at cost	`TreasuryStockValue`	$1.03M	USD	Point-in-time
Preferred stock, $0.0001 par value Authorized: 0.9 million, after designation of the Series A and Series B Convertible Preferred Stock, Issued and outstanding: none at December 31, 2020 and December 31, 2019	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value Authorized: 0.9 million, after designation of the Series A and Series B Convertible Preferred Stock, Issued and outstanding: none at December 31, 2020 and December 31, 2019	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$224.09M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$209.48M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-133.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-148.03M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$83.22M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$60.43M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$89.72M	USD	Point-in-time
Total liabilities, Series A and Series B Convertible Preferred Stock and stockholders equity	`LiabilitiesAndStockholdersEquity`	$221.19M	USD	Point-in-time
Total liabilities, Series A and Series B Convertible Preferred Stock and stockholders equity	`LiabilitiesAndStockholdersEquity`	$201.67M	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	Annual
Revenues	`Revenues`	-	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpenseRecovery`	$22.55M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpenseRecovery`	$20.21M	USD	Annual
Invitation to Bid Contract Costs	`BidContractCostsInvitation`	-	USD	Annual
Invitation to Bid Contract Costs	`BidContractCostsInvitation`	$10.16M	USD	Annual
Land option and lease expenses	`LandOptionAndLeaseExpense`	$2.04M	USD	Annual
Land option and lease expenses	`LandOptionAndLeaseExpense`	$1.60M	USD	Annual
Depreciation expense	`Depreciation`	$196.00K	USD	Annual
Depreciation expense	`Depreciation`	$251.00K	USD	Annual
Total operating expenses	`OperatingExpenses`	$22.01M	USD	Annual
Total operating expenses	`OperatingExpenses`	$35.00M	USD	Annual
Total operating loss	`OperatingIncomeLoss`	$-22.01M	USD	Annual
Total operating loss	`OperatingIncomeLoss`	$-35.00M	USD	Annual
Gain (loss) on Common Stock Warrant liabilities	`GainLossOnRevaluationOfWarrants`	$7.87M	USD	Annual
Gain (loss) on Common Stock Warrant liabilities	`GainLossOnRevaluationOfWarrants`	$-2.66M	USD	Annual
Loss on redemption of investment securities	`RealizedInvestmentGainsLosses`	$-412.00K	USD	Annual
Loss on redemption of investment securities	`RealizedInvestmentGainsLosses`	$-400.00K	USD	Point-in-time
Loss on redemption of investment securities	`RealizedInvestmentGainsLosses`	-	USD	Annual
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$1.72M	USD	Annual
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$243.00K	USD	Annual
Other	`OtherNonoperatingIncomeExpense`	$69.00K	USD	Annual
Other	`OtherNonoperatingIncomeExpense`	$-18.00K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$7.68M	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$-870.00K	USD	Annual
Net loss attributable to NextDecade Corporation	`NetIncomeLoss`	$-35.87M	USD	Annual
Net loss attributable to NextDecade Corporation	`NetIncomeLoss`	$-14.33M	USD	Annual
Preferred stock dividends	`DividendsPreferredStock`	$14.33M	USD	Annual
Preferred stock dividends	`DividendsPreferredStock`	$11.16M	USD	Annual
Deemed dividends on Series A Convertible Preferred Stock	`TemporaryEquityDividendsAdjustment`	$128.00K	USD	Annual
Deemed dividends on Series A Convertible Preferred Stock	`TemporaryEquityDividendsAdjustment`	$1.52M	USD	Annual
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-28.78M	USD	Annual
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-48.55M	USD	Annual
Net loss per common share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.45	USD	Annual
Net loss per common share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.24	USD	Annual
Weighted average shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	109.06M	shares	Annual
Weighted average shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	117.52M	shares	Annual

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net loss attributable to NextDecade Corporation	`NetIncomeLoss`	$-35.87M	USD	Annual
Net loss attributable to NextDecade Corporation	`NetIncomeLoss`	$-14.33M	USD	Annual
Depreciation	`Depreciation`	$196.00K	USD	Annual
Depreciation	`Depreciation`	$251.00K	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$-341.00K	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$-9.65M	USD	Annual
(Gain) loss on Common Stock Warrant liabilities	`GainLossOnRevaluationOfWarrants`	$7.87M	USD	Annual
(Gain) loss on Common Stock Warrant liabilities	`GainLossOnRevaluationOfWarrants`	$-2.66M	USD	Annual
Gain on investment securities	`UnrealizedGainLossOnInvestments`	-	USD	Annual
Gain on investment securities	`UnrealizedGainLossOnInvestments`	$100.00K	USD	Annual
Realized loss (gain) on investment securities	`DebtAndEquitySecuritiesRealizedGainLoss`	$-423.00K	USD	Annual
Realized loss (gain) on investment securities	`DebtAndEquitySecuritiesRealizedGainLoss`	$138.00K	USD	Annual
Amortization of right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$1.23M	USD	Annual
Amortization of right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$955.00K	USD	Annual
Amortization of other non-current assets	`OtherDepreciationAndAmortization`	$1.36M	USD	Annual
Amortization of other non-current assets	`OtherDepreciationAndAmortization`	$127.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-573.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-191.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$207.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-370.00K	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-1.62M	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-874.00K	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherLiabilities`	$1.91M	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherLiabilities`	$-5.87M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-40.70M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-26.25M	USD	Annual
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$20.30M	USD	Annual
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$32.35M	USD	Annual
Acquisition of other non-current assets	`InvestingActivitiesOtherNoncurrentAssets`	$10.91M	USD	Annual
Acquisition of other non-current assets	`InvestingActivitiesOtherNoncurrentAssets`	$6.88M	USD	Annual
Proceeds from sale of investment securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$77.00M	USD	Annual
Proceeds from sale of investment securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$61.97M	USD	Annual
Purchase of investment securities	`PaymentsToAcquireInvestments`	$66.52M	USD	Annual
Purchase of investment securities	`PaymentsToAcquireInvestments`	$188.00K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$18.52M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.69M	USD	Annual
Proceeds from sale of Rio Bravo Pipeline Company, LLC	`ProceedsFromDivestitureOfBusinessesFinancingActivities`	-	USD	Annual
Proceeds from sale of Rio Bravo Pipeline Company, LLC	`ProceedsFromDivestitureOfBusinessesFinancingActivities`	$15.00M	USD	Annual
Proceeds from equity issuance	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	Annual
Proceeds from equity issuance	`ProceedsFromIssuanceOrSaleOfEquity`	$70.94M	USD	Annual
Preferred stock dividends	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$42.00K	USD	Annual
Preferred stock dividends	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$50.00K	USD	Annual
Equity issuance costs	`PaymentsOfStockIssuanceCosts`	-	USD	Annual
Equity issuance costs	`PaymentsOfStockIssuanceCosts`	$293.00K	USD	Annual
Shares repurchased related to share-based compensation	`PaymentsForRepurchaseOfCommonStock`	$346.00K	USD	Annual
Shares repurchased related to share-based compensation	`PaymentsForRepurchaseOfCommonStock`	$650.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.60M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$69.96M	USD	Annual
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$6.87M	USD	Annual
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$12.57M	USD	Annual
Cash and cash equivalents beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.61M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.17M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.74M	USD	Point-in-time
Cash and cash equivalents end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.61M	USD	Point-in-time
Cash and cash equivalents end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.17M	USD	Point-in-time
Cash and cash equivalents end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.74M	USD	Point-in-time
Accounts payable for acquisition of property, plant and equipment	`CapitalExpendituresIncurredButNotYetPaidIncludedInAccountsPayable`	$11.35M	USD	Annual
Accounts payable for acquisition of property, plant and equipment	`CapitalExpendituresIncurredButNotYetPaidIncludedInAccountsPayable`	$16.00K	USD	Annual
Accrued liabilities for acquisition of property, plant and equipment	`CapitalExpendituresIncurredButNotYetPaidIncludedInAccruedLiabilities`	$2.50M	USD	Annual
Accrued liabilities for acquisition of property, plant and equipment	`CapitalExpendituresIncurredButNotYetPaidIncludedInAccruedLiabilities`	$650.00K	USD	Annual
Pipeline assets obtained in exchange for other non-current liabilities	`PipelineAssetsInExchangeForOtherNonCurrentLiabilities`	-	USD	Annual
Pipeline assets obtained in exchange for other non-current liabilities	`PipelineAssetsInExchangeForOtherNonCurrentLiabilities`	$7.92M	USD	Annual
Common stock issued in lieu of cash	`StockIssued1`	$12.08M	USD	Annual
Common stock issued in lieu of cash	`StockIssued1`	-	USD	Annual
Paid-in-kind dividends on Series A Convertible Preferred Stock	`NoncashPaidinkindDividendsConvertiblePreferredStock`	$14.28M	USD	Annual
Paid-in-kind dividends on Series A Convertible Preferred Stock	`NoncashPaidinkindDividendsConvertiblePreferredStock`	$11.12M	USD	Annual
Accretion of deemed dividends on Series A Convertible Preferred Stock	`NoncashAccretionOfDeemedDividendsConvertiblePreferredStock`	$128.00K	USD	Annual
Accretion of deemed dividends on Series A Convertible Preferred Stock	`NoncashAccretionOfDeemedDividendsConvertiblePreferredStock`	$1.52M	USD	Annual

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$83.22M	USD	Point-in-time
Balance	`StockholdersEquity`	$60.43M	USD	Point-in-time
Balance	`StockholdersEquity`	$89.72M	USD	Point-in-time
Share-based compensation	`SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostEquityAwards`	$-8.53M	USD	Annual
Share-based compensation	`SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostEquityAwards`	$-155.00K	USD	Annual
Restricted stock vesting	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	Annual
Restricted stock vesting	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$495.00K	USD	Annual
Issuance of stock	`StockIssuedDuringPeriodValueNewIssues`	$61.83M	USD	Annual
Shares repurchased related to share-based compensation	`TreasuryStockValueAcquiredCostMethod`	$346.00K	USD	Annual
Shares repurchased related to share-based compensation	`TreasuryStockValueAcquiredCostMethod`	$650.00K	USD	Annual
Preferred stock dividends	`AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings`	$14.33M	USD	Annual
Preferred stock dividends	`AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings`	$11.16M	USD	Annual
Preferred stock dividends	`DividendsPreferredStock`	$14.33M	USD	Annual
Preferred stock dividends	`DividendsPreferredStock`	$11.16M	USD	Annual
Deemed dividends - accretion of beneficial conversion feature	`AdjustmentsToAdditionalPaidInCapitalDeemedDividends`	$-1.52M	USD	Annual
Deemed dividends - accretion of beneficial conversion feature	`AdjustmentsToAdditionalPaidInCapitalDeemedDividends`	$-128.00K	USD	Annual
Net Loss	`NetIncomeLoss`	$-35.87M	USD	Annual
Net Loss	`NetIncomeLoss`	$-14.33M	USD	Annual
Balance	`StockholdersEquity`	$83.22M	USD	Point-in-time
Balance	`StockholdersEquity`	$60.43M	USD	Point-in-time
Balance	`StockholdersEquity`	$89.72M	USD	Point-in-time

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