10-K Filing

NEXTDECADE CORP CIK: 1612720 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001558370-18-001737`
Period End Date	20171231
Filing Date	20180308
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	next-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 45 Cash Flow Statement 62 Stockholders Equity 25

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.52M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.70M	USD	Point-in-time
Deferred equity issuance costs	`DeferredOfferingCosts`	$578.00K	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Investments	`AvailableForSaleSecuritiesCurrent`	$5.06M	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesCurrent`	$5.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.10M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	95.70M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.10M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	106.30M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$42.87M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.20M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	106.30M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	95.70M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$56.23M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$73.23M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$349.00K	USD	Point-in-time
Total assets	`Assets`	$116.09M	USD	Point-in-time
Total assets	`Assets`	$75.78M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$726.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.17M	USD	Point-in-time
Share-based compensation liability	`DeferredCompensationShareBasedArrangementsLiabilityCurrent`	$1.81M	USD	Point-in-time
Accrued liabilities and other current liabilities	`AccruedLiabilitiesAndOtherLiabilitiesCurrent`	$3.77M	USD	Point-in-time
Accrued liabilities and other current liabilities	`AccruedLiabilitiesAndOtherLiabilitiesCurrent`	$5.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.93M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.40M	USD	Point-in-time
Non-current compensation liabilities	`DeferredCompensationLiabilityClassifiedNoncurrent`	$2.75M	USD	Point-in-time
Non-current compensation liabilities	`DeferredCompensationLiabilityClassifiedNoncurrent`	$2.02M	USD	Point-in-time
Non-current share-based compensation liability	`DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent`	$2.59M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.68M	USD	Point-in-time
Total liabilities	`Liabilities`	$13.00M	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 1.0 million shares authorized, none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 1.0 million shares authorized, none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$11.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$10.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$88.41M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$158.74M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.29M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-55.62M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-27.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-40.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.11M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$68.10M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$103.09M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$76.56M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$75.78M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$116.09M	USD	Point-in-time

Income Statement 45 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	Annual
Revenues	`Revenues`	-	USD	Annual
Revenues	`Revenues`	-	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$34.55M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$7.30M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$7.11M	USD	Annual
Land option and lease expenses	`LandUnderOptionAgreementsLeaseExpenses`	$981.00K	USD	Annual
Land option and lease expenses	`LandUnderOptionAgreementsLeaseExpenses`	$584.00K	USD	Annual
Land option and lease expenses	`LandUnderOptionAgreementsLeaseExpenses`	$596.00K	USD	Annual
Depreciation expense	`Depreciation`	$100.00K	USD	Annual
Depreciation expense	`Depreciation`	$106.00K	USD	Annual
Depreciation expense	`Depreciation`	$80.00K	USD	Annual
Impairment loss on capital projects	`AssetImpairmentCharges`	$506.00K	USD	Annual
Total operating expenses	`OperatingExpenses`	$7.77M	USD	Annual
Total operating expenses	`OperatingExpenses`	$35.64M	USD	Annual
Total operating expenses	`OperatingExpenses`	$8.50M	USD	Annual
Total operating loss	`OperatingIncomeLoss`	$-7.77M	USD	Annual
Total operating loss	`OperatingIncomeLoss`	$-35.64M	USD	Annual
Total operating loss	`OperatingIncomeLoss`	$-8.50M	USD	Annual
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$82.00K	USD	Annual
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$24.00K	USD	Annual
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$343.00K	USD	Annual
Other expense	`OtherNonoperatingExpense`	$15.00K	USD	Annual
Other expense	`OtherNonoperatingExpense`	$31.00K	USD	Annual
Other expense	`OtherNonoperatingExpense`	$19.00K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$9.00K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$312.00K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$63.00K	USD	Annual
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-7.76M	USD	Annual
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-8.44M	USD	Annual
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-35.33M	USD	Annual
Net loss per common share - basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.35	USD	Annual
Net loss per common share - basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.14	USD	Annual
Net loss per common share - basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.09	USD	Annual
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	55.23M	shares	Annual
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	100.93M	shares	Annual
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	95.68M	shares	Annual
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-7.76M	USD	Annual
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-8.44M	USD	Annual
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-35.33M	USD	Annual
Change in fair value of investments	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-13.00K	USD	Annual
Change in fair value of investments	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-27.00K	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-8.47M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-35.34M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-7.76M	USD	Annual

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-7.76M	USD	Annual
Net loss	`ProfitLoss`	$-35.33M	USD	Annual
Net loss	`ProfitLoss`	$-8.44M	USD	Annual
Depreciation	`Depreciation`	$100.00K	USD	Annual
Depreciation	`Depreciation`	$106.00K	USD	Annual
Depreciation	`Depreciation`	$80.00K	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$22.69M	USD	Annual
Impairment loss on capital projects	`AssetImpairmentCharges`	$506.00K	USD	Annual
Prepaid expenses and other currents assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.00M	USD	Annual
Prepaid expenses and other currents assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$785.00K	USD	Annual
Prepaid expenses and other currents assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$475.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$672.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-350.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-349.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-137.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$272.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$39.00K	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherLiabilities`	$2.56M	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherLiabilities`	$488.00K	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherLiabilities`	$806.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-12.83M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.23M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.19M	USD	Annual
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.83M	USD	Annual
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.39M	USD	Annual
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$33.21M	USD	Annual
Issuance of note receivable	`PaymentsForIssuanceOfNotesReceivable`	$115.00K	USD	Annual
Repayment of note receivable	`ProceedsFromSaleAndCollectionOfNotesReceivable`	$115.00K	USD	Annual
Cash received in reverse recapitalization	`CashReceivedFromReverseRecapitalization`	$26.77M	USD	Annual
Investments	`PaymentsToAcquireInvestments`	$79.00K	USD	Annual
Investments	`PaymentsToAcquireInvestments`	$5.02M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-24.42M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.21M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$11.86M	USD	Annual
Proceeds from equity issuances	`ProceedsFromIssuanceOrSaleOfEquity`	$30.10M	USD	Annual
Proceeds from equity issuances	`ProceedsFromIssuanceOrSaleOfEquity`	$87.00M	USD	Annual
Equity issuance costs	`PaymentsOfStockIssuanceCosts`	$5.95M	USD	Annual
Equity issuance costs	`PaymentsOfStockIssuanceCosts`	$2.75M	USD	Annual
Dividends paid	`PaymentsOfDividends`	$1.04M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$24.15M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$83.21M	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$43.77M	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$23.18M	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-31.61M	USD	Annual
Cash, cash equivalents and restricted cash beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$44.13M	USD	Point-in-time
Cash, cash equivalents and restricted cash beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$35.70M	USD	Point-in-time
Cash, cash equivalents and restricted cash beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.52M	USD	Point-in-time
Cash, cash equivalents and restricted cash beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$356.00K	USD	Point-in-time
Cash, cash equivalents and restricted cash end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$44.13M	USD	Point-in-time
Cash, cash equivalents and restricted cash end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$35.70M	USD	Point-in-time
Cash, cash equivalents and restricted cash end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.52M	USD	Point-in-time
Cash, cash equivalents and restricted cash end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$356.00K	USD	Point-in-time
Accounts payable for acquisition of property, plant and equipment	`CapitalExpendituresIncurredButNotYetPaidIncludedInAccountsPayable`	$1.20M	USD	Annual
Accounts payable for acquisition of property, plant and equipment	`CapitalExpendituresIncurredButNotYetPaidIncludedInAccountsPayable`	$802.00K	USD	Annual
Accounts payable for acquisition of property, plant and equipment	`CapitalExpendituresIncurredButNotYetPaidIncludedInAccountsPayable`	$498.00K	USD	Annual
Accrued liabilities for acquisition of property, plant and equipment	`CapitalExpendituresIncurredButNotYetPaidIncludedInAccruedLiabilities`	$1.99M	USD	Annual
Accrued liabilities for acquisition of property, plant and equipment	`CapitalExpendituresIncurredButNotYetPaidIncludedInAccruedLiabilities`	$1.81M	USD	Annual
Accrued liabilities for acquisition of property, plant and equipment	`CapitalExpendituresIncurredButNotYetPaidIncludedInAccruedLiabilities`	$3.32M	USD	Annual
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.70M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$17.00M	USD	Point-in-time

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning of the period	`StockholdersEquity`	$1.11M	USD	Point-in-time
Balance at the beginning of the period	`StockholdersEquity`	$68.10M	USD	Point-in-time
Balance at the beginning of the period	`StockholdersEquity`	$103.09M	USD	Point-in-time
Balance at the beginning of the period	`StockholdersEquity`	$76.56M	USD	Point-in-time
Balance at the beginning of the period (in shares)	`CommonStockSharesIssued`	95.70M	shares	Point-in-time
Balance at the beginning of the period (in shares)	`CommonStockSharesIssued`	106.30M	shares	Point-in-time
Pre-merger equity issuance	`StockIssuedDuringPeriodValuePreMergerEquityIssuance`	$87.00M	USD	Annual
Pre-merger equity issuance	`StockIssuedDuringPeriodValuePreMergerEquityIssuance`	$20.10M	USD	Annual
Reverse recapitalization	`StockIssuedDuringPeriodValueReverseRecapitalization`	$26.77M	USD	Annual
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$10.00M	USD	Annual
Equity issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$2.75M	USD	Annual
Equity issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$6.29M	USD	Annual
Dividend	`Dividends`	$1.04M	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$19.75M	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-27.00K	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-13.00K	USD	Annual
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-7.76M	USD	Annual
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-8.44M	USD	Annual
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-35.33M	USD	Annual
Balance at the end of the period	`StockholdersEquity`	$1.11M	USD	Point-in-time
Balance at the end of the period	`StockholdersEquity`	$68.10M	USD	Point-in-time
Balance at the end of the period	`StockholdersEquity`	$103.09M	USD	Point-in-time
Balance at the end of the period	`StockholdersEquity`	$76.56M	USD	Point-in-time
Balance at the end of the period (in shares)	`CommonStockSharesIssued`	95.70M	shares	Point-in-time
Balance at the end of the period (in shares)	`CommonStockSharesIssued`	106.30M	shares	Point-in-time

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