10-Q Filing

Fluence Energy, Inc. CIK: 1868941 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001868941-23-000044`
Period End Date	20230331
Filing Date	20230511
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	flnc-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 104 Income Statement 98 Cash Flow Statement 97 Stockholders Equity 43

Balance Sheet 104 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$357.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$194.36M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$62.42M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$108.22M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$109.86M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$70.02M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$110.36M	USD	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$337.54M	USD	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$86.77M	USD	Point-in-time
Unbilled receivables	`ContractWithCustomerAssetNetCurrent`	$138.53M	USD	Point-in-time
Unbilled receivables	`ContractWithCustomerAssetNetCurrent`	$152.77M	USD	Point-in-time
Receivables from related parties	`DueFromRelatedPartiesCurrent`	$112.03M	USD	Point-in-time
Receivables from related parties	`DueFromRelatedPartiesCurrent`	$88.39M	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$54.77M	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$65.97M	USD	Point-in-time
Inventory, net	`InventoryNet`	$763.22M	USD	Point-in-time
Inventory, net	`InventoryNet`	$652.74M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$26.64M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$27.92M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.81B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.60B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$13.40M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$13.76M	USD	Point-in-time
ROU Asset - Operating Leases	`OperatingLeaseRightOfUseAsset`	$3.12M	USD	Point-in-time
ROU Asset - Operating Leases	`OperatingLeaseRightOfUseAsset`	$2.40M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$49.68M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$51.70M	USD	Point-in-time
Goodwill	`Goodwill`	$9.17M	USD	Point-in-time
Goodwill	`Goodwill`	$9.18M	USD	Point-in-time
Goodwill	`Goodwill`	$25.94M	USD	Point-in-time
Goodwill	`Goodwill`	$24.85M	USD	Point-in-time
Deferred income tax asset	`DeferredIncomeTaxAssetsNet`	$2.57M	USD	Point-in-time
Deferred income tax asset	`DeferredIncomeTaxAssetsNet`	$3.03M	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchasesNoncurrent`	-	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchasesNoncurrent`	$8.75M	USD	Point-in-time
Debt issuance cost	`DeferredFinanceCostsNoncurrentNet`	$2.82M	USD	Point-in-time
Debt issuance cost	`DeferredFinanceCostsNoncurrentNet`	$2.36M	USD	Point-in-time
Note receivable - pledged as collateral	`NotesAndLoansReceivableNetNoncurrent`	$24.33M	USD	Point-in-time
Note receivable - pledged as collateral	`NotesAndLoansReceivableNetNoncurrent`	$24.33M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$17.78M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$12.49M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$144.12M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$139.19M	USD	Point-in-time
Total assets	`Assets`	$1.95B	USD	Point-in-time
Total assets	`Assets`	$1.75B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$304.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$399.99M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityConsolidatedEntitiesExcludingAffiliatedEntitiesCurrent`	$584.42M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityConsolidatedEntitiesExcludingAffiliatedEntitiesCurrent`	$273.07M	USD	Point-in-time
Personnel related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$21.29M	USD	Point-in-time
Personnel related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$27.23M	USD	Point-in-time
Accruals and provisions	`AccruedLiabilitiesCurrent`	$106.45M	USD	Point-in-time
Accruals and provisions	`AccruedLiabilitiesCurrent`	$183.81M	USD	Point-in-time
Payables and deferred revenue with related parties	`DueToRelatedPartiesAndContractWithCustomerAffiliatedEntitiesLiabilityCurrent`	$306.35M	USD	Point-in-time
Payables and deferred revenue with related parties	`DueToRelatedPartiesAndContractWithCustomerAffiliatedEntitiesLiabilityCurrent`	$195.22M	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$11.11M	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$17.30M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.53M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.73M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$7.20M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$12.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.34B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.11B	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$1.01M	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$1.85M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$4.88M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$3.50M	USD	Point-in-time
Borrowings against note receivable - pledged as collateral	`LongTermDebtNoncurrent`	$21.60M	USD	Point-in-time
Borrowings against note receivable - pledged as collateral	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.10M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$7.68M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$34.63M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$6.98M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.12B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.38B	USD	Point-in-time
Preferred stock, $0.00001 per share, 10,000,000 shares authorized; no shares issued and outstanding as of March 31, 2023 and September 30, 2022	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.00001 per share, 10,000,000 shares authorized; no shares issued and outstanding as of March 31, 2023 and September 30, 2022	`PreferredStockValue`	-	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$5.01M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$5.30M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$542.60M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$563.22M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.78M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-565.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-154.04M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-104.54M	USD	Point-in-time
Total stockholder's equity attributable to Fluence Energy, Inc	`StockholdersEquity`	$403.32M	USD	Point-in-time
Total stockholder's equity attributable to Fluence Energy, Inc	`StockholdersEquity`	$435.83M	USD	Point-in-time
Non-Controlling interests	`MinorityInterest`	$193.38M	USD	Point-in-time
Non-Controlling interests	`MinorityInterest`	$164.68M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$725.46M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$778.10M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$568.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$599.02M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$629.21M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.95B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.75B	USD	Point-in-time

Income Statement 98 line items

Line Item	Tag	Value	Unit	Period
Foreign currency translation gain (loss), income tax (expense) benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	2 Qtrs
Foreign currency translation gain (loss), income tax (expense) benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Foreign currency translation gain (loss), income tax (expense) benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$100.00K	USD	1 Quarter
Foreign currency translation gain (loss), income tax (expense) benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$400.00K	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$342.72M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$517.61M	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$698.19M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.01B	USD	2 Qtrs
Cost of goods and services	`CostOfGoodsAndServicesSold`	$357.47M	USD	1 Quarter
Cost of goods and services	`CostOfGoodsAndServicesSold`	$667.37M	USD	1 Quarter
Cost of goods and services	`CostOfGoodsAndServicesSold`	$965.79M	USD	2 Qtrs
Cost of goods and services	`CostOfGoodsAndServicesSold`	$585.51M	USD	2 Qtrs
Gross (loss) profit	`GrossProfit`	$30.81M	USD	1 Quarter
Gross (loss) profit	`GrossProfit`	$-67.90M	USD	2 Qtrs
Gross (loss) profit	`GrossProfit`	$42.85M	USD	2 Qtrs
Gross (loss) profit	`GrossProfit`	$-14.75M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$13.34M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$41.71M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$24.10M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$22.55M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$10.40M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$6.19M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$19.19M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$19.25M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$63.05M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$56.44M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$31.78M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$25.24M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.67M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.49M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$5.09M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$2.92M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.36M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.96M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.14M	USD	1 Quarter
Interest expense	`InterestExpense`	$676.00K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$283.00K	USD	2 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$12.82M	USD	2 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$207.00K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$1.11M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-171.68M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-60.58M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-75.33M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-37.52M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$486.00K	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-740.00K	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-126.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$128.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-20.32M	USD	Point-in-time
Net loss	`ProfitLoss`	$-60.70M	USD	1 Quarter
Net loss	`ProfitLoss`	$-172.16M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-74.59M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-37.40M	USD	1 Quarter
Less: Net loss attributable to the non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-41.52M	USD	1 Quarter
Less: Net loss attributable to the non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-12.54M	USD	1 Quarter
Less: Net loss attributable to the non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-25.09M	USD	2 Qtrs
Less: Net loss attributable to the non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-124.17M	USD	2 Qtrs
Net loss attributable to Fluence Energy, Inc.	`NetIncomeLoss`	$-49.50M	USD	2 Qtrs
Net loss attributable to Fluence Energy, Inc.	`NetIncomeLoss`	$-19.18M	USD	1 Quarter
Net loss attributable to Fluence Energy, Inc.	`NetIncomeLoss`	$-24.86M	USD	1 Quarter
Net loss attributable to Fluence Energy, Inc.	`NetIncomeLoss`	$-47.99M	USD	2 Qtrs
Weighted average number of Class A common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	116.27M	shares	1 Quarter
Weighted average number of Class A common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	54.14M	shares	1 Quarter
Weighted average number of Class A common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	115.83M	shares	2 Qtrs
Weighted average number of Class A common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	54.14M	shares	2 Qtrs
Weighted average number of Class A common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	115.83M	shares	2 Qtrs
Weighted average number of Class A common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.14M	shares	1 Quarter
Weighted average number of Class A common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.14M	shares	2 Qtrs
Weighted average number of Class A common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	116.27M	shares	1 Quarter
Loss per share of Class A common stock, basic (in usd per share)	`EarningsPerShareBasic`	$-0.89	USD	2 Qtrs
Loss per share of Class A common stock, basic (in usd per share)	`EarningsPerShareBasic`	$-0.21	USD	1 Quarter
Loss per share of Class A common stock, basic (in usd per share)	`EarningsPerShareBasic`	$-0.35	USD	1 Quarter
Loss per share of Class A common stock, basic (in usd per share)	`EarningsPerShareBasic`	$-0.43	USD	2 Qtrs
Loss per share of Class A common stock, diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.89	USD	2 Qtrs
Loss per share of Class A common stock, diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.35	USD	1 Quarter
Loss per share of Class A common stock, diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.43	USD	2 Qtrs
Loss per share of Class A common stock, diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.21	USD	1 Quarter
Foreign currency translation gain (loss), net of income tax expense of $0.1 million in the three months ended March 31, 2023, $0.4 million in the six months ended March 31, 2023, and $0 in the three months and six months ended March 31, 2022	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-20.00K	USD	1 Quarter
Foreign currency translation gain (loss), net of income tax expense of $0.1 million in the three months ended March 31, 2023, $0.4 million in the six months ended March 31, 2023, and $0 in the three months and six months ended March 31, 2022	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.47M	USD	1 Quarter
Foreign currency translation gain (loss), net of income tax expense of $0.1 million in the three months ended March 31, 2023, $0.4 million in the six months ended March 31, 2023, and $0 in the three months and six months ended March 31, 2022	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.05M	USD	2 Qtrs
Foreign currency translation gain (loss), net of income tax expense of $0.1 million in the three months ended March 31, 2023, $0.4 million in the six months ended March 31, 2023, and $0 in the three months and six months ended March 31, 2022	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$279.00K	USD	2 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-20.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$175.00K	USD	Point-in-time
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-5.05M	USD	2 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-1.47M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$279.00K	USD	2 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-79.64M	USD	2 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-60.72M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-38.87M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-171.88M	USD	2 Qtrs
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-41.53M	USD	1 Quarter
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-124.10M	USD	2 Qtrs
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-26.80M	USD	2 Qtrs
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-13.04M	USD	1 Quarter
Total comprehensive loss attributable to Fluence Energy, Inc.	`ComprehensiveIncomeNetOfTax`	$-52.85M	USD	2 Qtrs
Total comprehensive loss attributable to Fluence Energy, Inc.	`ComprehensiveIncomeNetOfTax`	$-25.83M	USD	1 Quarter
Total comprehensive loss attributable to Fluence Energy, Inc.	`ComprehensiveIncomeNetOfTax`	$-19.19M	USD	1 Quarter
Total comprehensive loss attributable to Fluence Energy, Inc.	`ComprehensiveIncomeNetOfTax`	$-47.78M	USD	2 Qtrs

Cash Flow Statement 97 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-20.32M	USD	Point-in-time
Net loss	`ProfitLoss`	$-60.70M	USD	1 Quarter
Net loss	`ProfitLoss`	$-172.16M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-74.59M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-37.40M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.67M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.49M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$5.09M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$2.92M	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$457.00K	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$343.00K	USD	2 Qtrs
Inventory (benefit) provision	`InventoryWriteDown`	$-422.00K	USD	2 Qtrs
Inventory (benefit) provision	`InventoryWriteDown`	-	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$21.87M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$15.76M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.28M	USD	2 Qtrs
Benefit on loss contracts	`GainLossOnContractTermination`	$6.26M	USD	2 Qtrs
Benefit on loss contracts	`GainLossOnContractTermination`	$1.97M	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$244.43M	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$79.57M	USD	2 Qtrs
Unbilled receivables	`IncreaseDecreaseInContractWithCustomerAsset`	$8.76M	USD	2 Qtrs
Unbilled receivables	`IncreaseDecreaseInContractWithCustomerAsset`	$-20.68M	USD	2 Qtrs
Receivables from related parties	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$3.67M	USD	2 Qtrs
Receivables from related parties	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$-23.68M	USD	2 Qtrs
Advances to suppliers	`IncreaseDecreaseToAdvancesOnInventoryPurchases`	$65.78M	USD	2 Qtrs
Advances to suppliers	`IncreaseDecreaseToAdvancesOnInventoryPurchases`	$3.79M	USD	2 Qtrs
Inventory, net	`IncreaseDecreaseInInventories`	$103.46M	USD	2 Qtrs
Inventory, net	`IncreaseDecreaseInInventories`	$-37.80M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$7.39M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-3.15M	USD	2 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$292.00K	USD	2 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-135.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-30.43M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$93.45M	USD	2 Qtrs
Payables and deferred revenue with related parties	`IncreaseDecreaseInPayablesAndDeferredRevenueWithRelatedParties`	$-51.25M	USD	2 Qtrs
Payables and deferred revenue with related parties	`IncreaseDecreaseInPayablesAndDeferredRevenueWithRelatedParties`	$-112.59M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiabilityExcludingRelatedParties`	$300.01M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiabilityExcludingRelatedParties`	$151.45M	USD	2 Qtrs
Current accruals and provisions	`IncreaseDecreaseInAccruedLiabilities`	$37.24M	USD	2 Qtrs
Current accruals and provisions	`IncreaseDecreaseInAccruedLiabilities`	$-75.71M	USD	2 Qtrs
Taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$4.38M	USD	2 Qtrs
Taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$3.70M	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$10.51M	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$373.00K	USD	2 Qtrs
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$8.07M	USD	2 Qtrs
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-1.68M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-163.41M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-141.00M	USD	2 Qtrs
Purchase of equity securities	`PaymentsToAcquireEquitySecuritiesFvNi`	$1.12M	USD	2 Qtrs
Purchase of equity securities	`PaymentsToAcquireEquitySecuritiesFvNi`	-	USD	2 Qtrs
Proceeds from maturities of short-term investments	`PaymentsForProceedsFromShortTermInvestments`	-	USD	2 Qtrs
Proceeds from maturities of short-term investments	`PaymentsForProceedsFromShortTermInvestments`	$-41.60M	USD	2 Qtrs
Payments for purchase of investment in joint venture	`PaymentsToAcquireInterestInJointVenture`	-	USD	2 Qtrs
Payments for purchase of investment in joint venture	`PaymentsToAcquireInterestInJointVenture`	$5.01M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.27M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.09M	USD	2 Qtrs
Net cash provided by (used) in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.40M	USD	2 Qtrs
Net cash provided by (used) in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$35.50M	USD	2 Qtrs
Proceeds from issuance of Class A common stock sold in an IPO, net of underwriting discounts and commissions	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	2 Qtrs
Proceeds from issuance of Class A common stock sold in an IPO, net of underwriting discounts and commissions	`ProceedsFromIssuanceInitialPublicOffering`	$947.99M	USD	2 Qtrs
Payment of IPO costs	`PaymentsOfInitialPublicOfferingCosts`	$10.33M	USD	2 Qtrs
Payment of IPO costs	`PaymentsOfInitialPublicOfferingCosts`	-	USD	2 Qtrs
Payment of transaction cost related to issuance of Class B membership units	`PaymentOfTransactionCostRelatedToIssuanceOfMembershipUnits`	$6.32M	USD	2 Qtrs
Payment of transaction cost related to issuance of Class B membership units	`PaymentOfTransactionCostRelatedToIssuanceOfMembershipUnits`	-	USD	2 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$3.30M	USD	2 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Repurchase of class A common stock placed into treasury	`PaymentsForRepurchaseOfCommonStock`	$288.00K	USD	2 Qtrs
Repurchase of class A common stock placed into treasury	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.96M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	2 Qtrs
Repayment of promissory notesrelated parties	`RepaymentsOfRelatedPartyDebt`	$50.00M	USD	2 Qtrs
Repayment of promissory notesrelated parties	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$50.00M	USD	2 Qtrs
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Proceeds from borrowing against note receivable - pledged as collateral	`ProceedsFromBorrowingsAgainstNoteReceivable`	$21.14M	USD	2 Qtrs
Proceeds from borrowing against note receivable - pledged as collateral	`ProceedsFromBorrowingsAgainstNoteReceivable`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$828.04M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$23.81M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-13.04M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-34.00K	USD	2 Qtrs
Net (decrease) increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$684.62M	USD	2 Qtrs
Net (decrease) increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-117.14M	USD	2 Qtrs
Cash, cash equivalents, and restricted cash as of the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$429.72M	USD	Point-in-time
Cash, cash equivalents, and restricted cash as of the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$312.58M	USD	Point-in-time
Cash, cash equivalents, and restricted cash as of the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$38.07M	USD	Point-in-time
Cash, cash equivalents, and restricted cash as of the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$722.69M	USD	Point-in-time
Cash, cash equivalents, and restricted cash as of the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$429.72M	USD	Point-in-time
Cash, cash equivalents, and restricted cash as of the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$312.58M	USD	Point-in-time
Cash, cash equivalents, and restricted cash as of the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$38.07M	USD	Point-in-time
Cash, cash equivalents, and restricted cash as of the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$722.69M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$503.00K	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$511.00K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$614.00K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$585.00K	USD	2 Qtrs
Reclassification of deferred offering costs to additional paid-in capital	`ReclassificationOfDeferredOfferingCostsToAdditionalPaidInCapital`	$1.90M	USD	2 Qtrs
Reclassification of deferred offering costs to additional paid-in capital	`ReclassificationOfDeferredOfferingCostsToAdditionalPaidInCapital`	-	USD	2 Qtrs

Stockholders Equity 43 line items

Line Item	Tag	Value	Unit	Period
Foreign currency translation gain (loss), income tax (expense) benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	2 Qtrs
Foreign currency translation gain (loss), income tax (expense) benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Foreign currency translation gain (loss), income tax (expense) benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$100.00K	USD	1 Quarter
Foreign currency translation gain (loss), income tax (expense) benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$400.00K	USD	2 Qtrs
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$725.46M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$778.10M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$568.00M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$599.02M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$629.21M	USD	Point-in-time
Beginning Balance, LLC	`MembersEquity`	$-173.43M	USD	Point-in-time
Net loss	`ProfitLoss`	$-20.32M	USD	Point-in-time
Net loss	`ProfitLoss`	$-60.70M	USD	1 Quarter
Net loss	`ProfitLoss`	$-172.16M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-74.59M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-37.40M	USD	1 Quarter
Stock-based compensation expense and related vesting	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.76M	USD	2 Qtrs
Stock-based compensation expense and related vesting	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$17.78M	USD	2 Qtrs
Stock-based compensation expense and related vesting	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.29M	USD	1 Quarter
Stock-based compensation expense and related vesting	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.08M	USD	1 Quarter
Repurchase of Common Stock placed into Treasury	`StockRepurchasedDuringPeriodValue`	$288.00K	USD	2 Qtrs
Effect of remeasurement of non-controlling interest due to other share transactions	`NoncontrollingInterestDecreaseFromRemeasurement`	-	USD	1 Quarter
Effect of remeasurement of non-controlling interest due to other share transactions	`NoncontrollingInterestDecreaseFromRemeasurement`	-	USD	2 Qtrs
Proceeds from exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.96M	USD	2 Qtrs
Proceeds from exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$558.00K	USD	1 Quarter
Foreign currency translation gain (loss), net of income tax expense of $0.1 million in the three months ended March 31, 2023, $0.4 million in the six months ended March 31, 2023, and $0 in the three months and six months ended March 31, 2022	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-20.00K	USD	1 Quarter
Foreign currency translation gain (loss), net of income tax expense of $0.1 million in the three months ended March 31, 2023, $0.4 million in the six months ended March 31, 2023, and $0 in the three months and six months ended March 31, 2022	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.47M	USD	1 Quarter
Foreign currency translation gain (loss), net of income tax expense of $0.1 million in the three months ended March 31, 2023, $0.4 million in the six months ended March 31, 2023, and $0 in the three months and six months ended March 31, 2022	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.05M	USD	2 Qtrs
Foreign currency translation gain (loss), net of income tax expense of $0.1 million in the three months ended March 31, 2023, $0.4 million in the six months ended March 31, 2023, and $0 in the three months and six months ended March 31, 2022	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$279.00K	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-20.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$175.00K	USD	Point-in-time
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-5.05M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-1.47M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$279.00K	USD	2 Qtrs
Effect of the Transactions related to the IPO	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$117.23M	USD	2 Qtrs
Issuance of class A common stock in IPO, net of issuance cost	`StockIssuedDuringPeriodValueNewIssues`	$935.76M	USD	2 Qtrs
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$725.46M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$778.10M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$568.00M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$599.02M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$629.21M	USD	Point-in-time
Ending Balance, LLC	`MembersEquity`	$-173.43M	USD	Point-in-time

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