10-Q Filing

Fluence Energy, Inc. CIK: 1868941 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001868941-23-000061`
Period End Date	20230630
Filing Date	20230810
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	flnc-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 105 Income Statement 98 Cash Flow Statement 101 Stockholders Equity 49

Balance Sheet 105 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
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$297.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$357.30M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$108.39M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$62.42M	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`	$70.02M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$110.36M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	-	USD	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$86.77M	USD	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$153.16M	USD	Point-in-time
Unbilled receivables	`ContractWithCustomerAssetNetCurrent`	$160.60M	USD	Point-in-time
Unbilled receivables	`ContractWithCustomerAssetNetCurrent`	$138.53M	USD	Point-in-time
Receivables from related parties	`OtherReceivablesNetCurrent`	$112.03M	USD	Point-in-time
Receivables from related parties	`OtherReceivablesNetCurrent`	$58.97M	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$70.51M	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$54.77M	USD	Point-in-time
Inventory, net	`InventoryNet`	$513.55M	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`	$26.59M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.39B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.60B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$12.78M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$13.76M	USD	Point-in-time
Right of use asset - operating leases	`OperatingLeaseRightOfUseAsset`	$3.29M	USD	Point-in-time
Right of use asset - operating leases	`OperatingLeaseRightOfUseAsset`	$2.40M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$55.44M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$51.70M	USD	Point-in-time
Goodwill	`Goodwill`	$25.21M	USD	Point-in-time
Goodwill	`Goodwill`	$26.29M	USD	Point-in-time
Goodwill	`Goodwill`	$9.18M	USD	Point-in-time
Goodwill	`Goodwill`	$24.85M	USD	Point-in-time
Deferred income tax asset	`DeferredIncomeTaxAssetsNet`	$3.03M	USD	Point-in-time
Deferred income tax asset	`DeferredIncomeTaxAssetsNet`	$2.57M	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchasesNoncurrent`	$8.75M	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchasesNoncurrent`	-	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`	$55.25M	USD	Point-in-time
Note receivable - pledged as collateral	`NotesAndLoansReceivableNetNoncurrent`	$24.33M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$12.49M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$17.29M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$144.12M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$175.27M	USD	Point-in-time
Total assets	`Assets`	$1.56B	USD	Point-in-time
Total assets	`Assets`	$1.75B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$165.99M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$304.90M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityConsolidatedEntitiesExcludingAffiliatedEntitiesCurrent`	$273.07M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityConsolidatedEntitiesExcludingAffiliatedEntitiesCurrent`	$452.07M	USD	Point-in-time
Personnel related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$21.29M	USD	Point-in-time
Personnel related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$40.10M	USD	Point-in-time
Accruals and provisions	`AccruedLiabilitiesCurrent`	$183.81M	USD	Point-in-time
Accruals and provisions	`AccruedLiabilitiesCurrent`	$95.74M	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`	$158.82M	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$11.11M	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$26.13M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.62M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.73M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$13.76M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$7.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$954.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.11B	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$1.87M	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$1.01M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$3.54M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$4.88M	USD	Point-in-time
Borrowings against note receivable - pledged as collateral	`LongTermDebtNoncurrent`	$49.51M	USD	Point-in-time
Borrowings against note receivable - pledged as collateral	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$10.15M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.10M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$6.98M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$65.07M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.12B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.02B	USD	Point-in-time
Preferred stock, $0.00001 per share, 10,000,000 shares authorized; no shares issued and outstanding as of June 30, 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 June 30, 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`	$6.63M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$573.85M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$542.60M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.78M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.82M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-104.54M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-177.43M	USD	Point-in-time
Total stockholders equity attributable to Fluence Energy, Inc.	`StockholdersEquity`	$392.61M	USD	Point-in-time
Total stockholders equity attributable to Fluence Energy, Inc.	`StockholdersEquity`	$435.83M	USD	Point-in-time
Non-Controlling interests	`MinorityInterest`	$152.84M	USD	Point-in-time
Non-Controlling interests	`MinorityInterest`	$193.38M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$568.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$629.21M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-173.43M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$725.46M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$545.45M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$671.08M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.75B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.56B	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	1 Quarter
Foreign currency translation gain (loss), income tax (expense) benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$400.00K	USD	3 Qtrs
Foreign currency translation gain (loss), income tax (expense) benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Foreign currency translation gain (loss), income tax (expense) benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	3 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$536.35M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$239.01M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$756.62M	USD	3 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.54B	USD	3 Qtrs
Cost of goods and services	`CostOfGoodsAndServicesSold`	$1.48B	USD	3 Qtrs
Cost of goods and services	`CostOfGoodsAndServicesSold`	$514.53M	USD	1 Quarter
Cost of goods and services	`CostOfGoodsAndServicesSold`	$244.21M	USD	1 Quarter
Cost of goods and services	`CostOfGoodsAndServicesSold`	$829.71M	USD	3 Qtrs
Gross profit (loss)	`GrossProfit`	$-5.20M	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$-73.09M	USD	3 Qtrs
Gross profit (loss)	`GrossProfit`	$64.67M	USD	3 Qtrs
Gross profit (loss)	`GrossProfit`	$21.82M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$42.23M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$18.13M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$51.63M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$9.92M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$27.65M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$29.30M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$8.40M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$10.11M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$83.77M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$27.33M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$101.19M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$38.15M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.27M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.97M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.89M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$7.36M	USD	3 Qtrs
Interest expense	`InterestExpense`	$3.47M	USD	3 Qtrs
Interest expense	`InterestExpense`	$573.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.94M	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.51M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-205.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$83.00K	USD	3 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$16.59M	USD	3 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$3.77M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-233.49M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-36.36M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-61.81M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-111.69M	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-2.06M	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-493.00K	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-979.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-1.32M	USD	1 Quarter
Net loss	`ProfitLoss`	$-232.99M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-60.83M	USD	1 Quarter
Net loss	`ProfitLoss`	$-109.64M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-20.32M	USD	Point-in-time
Net loss	`ProfitLoss`	$-35.05M	USD	1 Quarter
Less: Net loss attributable to the non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-11.65M	USD	1 Quarter
Less: Net loss attributable to the non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-41.48M	USD	1 Quarter
Less: Net loss attributable to the non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-165.66M	USD	3 Qtrs
Less: Net loss attributable to the non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-36.75M	USD	3 Qtrs
Net loss attributable to Fluence Energy, Inc.	`NetIncomeLoss`	$-72.89M	USD	3 Qtrs
Net loss attributable to Fluence Energy, Inc.	`NetIncomeLoss`	$-19.35M	USD	1 Quarter
Net loss attributable to Fluence Energy, Inc.	`NetIncomeLoss`	$-23.39M	USD	1 Quarter
Net loss attributable to Fluence Energy, Inc.	`NetIncomeLoss`	$-67.34M	USD	3 Qtrs
Weighted average number of Class A common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	117.46M	shares	1 Quarter
Weighted average number of Class A common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	116.37M	shares	3 Qtrs
Weighted average number of Class A common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	55.63M	shares	1 Quarter
Weighted average number of Class A common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	54.64M	shares	3 Qtrs
Weighted average number of Class A common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	55.63M	shares	1 Quarter
Weighted average number of Class A common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	116.37M	shares	3 Qtrs
Weighted average number of Class A common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.64M	shares	3 Qtrs
Weighted average number of Class A common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	117.46M	shares	1 Quarter
Loss per share of Class A common stock, basic (in usd per share)	`EarningsPerShareBasic`	$-1.23	USD	3 Qtrs
Loss per share of Class A common stock, basic (in usd per share)	`EarningsPerShareBasic`	$-0.20	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`	$-0.63	USD	3 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`	$-1.23	USD	3 Qtrs
Loss per share of Class A common stock, diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.63	USD	3 Qtrs
Loss per share of Class A common stock, diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.20	USD	1 Quarter
Foreign currency translation gain, net of income tax expense of $0.0 million in the three months ended June 30, 2023, $0.4 million in the nine months ended June 30, 2023, and $0 in the three months and nine months ended June 30, 2022	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$25.00K	USD	3 Qtrs
Foreign currency translation gain, net of income tax expense of $0.0 million in the three months ended June 30, 2023, $0.4 million in the nine months ended June 30, 2023, and $0 in the three months and nine months ended June 30, 2022	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.63M	USD	1 Quarter
Foreign currency translation gain, net of income tax expense of $0.0 million in the three months ended June 30, 2023, $0.4 million in the nine months ended June 30, 2023, and $0 in the three months and nine months ended June 30, 2022	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$5.08M	USD	1 Quarter
Foreign currency translation gain, net of income tax expense of $0.0 million in the three months ended June 30, 2023, $0.4 million in the nine months ended June 30, 2023, and $0 in the three months and nine months ended June 30, 2022	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.91M	USD	3 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$25.00K	USD	3 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$5.08M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$1.91M	USD	3 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$175.00K	USD	Point-in-time
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$1.63M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-59.20M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-231.08M	USD	3 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-109.61M	USD	3 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-29.97M	USD	1 Quarter
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-164.47M	USD	3 Qtrs
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-40.37M	USD	1 Quarter
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-36.76M	USD	3 Qtrs
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-9.96M	USD	1 Quarter
Total comprehensive loss attributable to Fluence Energy, Inc.	`ComprehensiveIncomeNetOfTax`	$-66.61M	USD	3 Qtrs
Total comprehensive loss attributable to Fluence Energy, Inc.	`ComprehensiveIncomeNetOfTax`	$-18.83M	USD	1 Quarter
Total comprehensive loss attributable to Fluence Energy, Inc.	`ComprehensiveIncomeNetOfTax`	$-72.85M	USD	3 Qtrs
Total comprehensive loss attributable to Fluence Energy, Inc.	`ComprehensiveIncomeNetOfTax`	$-20.00M	USD	1 Quarter

Cash Flow Statement 101 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-232.99M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-60.83M	USD	1 Quarter
Net loss	`ProfitLoss`	$-109.64M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-20.32M	USD	Point-in-time
Net loss	`ProfitLoss`	$-35.05M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.89M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.74M	USD	3 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$457.00K	USD	3 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$550.00K	USD	3 Qtrs
Inventory (benefit) provision	`InventoryWriteDown`	$13.33M	USD	3 Qtrs
Inventory (benefit) provision	`InventoryWriteDown`	$-1.10M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$35.06M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$21.44M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.28M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision (benefit) on loss contracts	`GainLossOnContractTermination`	$-2.28M	USD	3 Qtrs
Provision (benefit) on loss contracts	`GainLossOnContractTermination`	$8.55M	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$66.04M	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$46.34M	USD	3 Qtrs
Unbilled receivables	`IncreaseDecreaseInContractWithCustomerAsset`	$-836.00K	USD	3 Qtrs
Unbilled receivables	`IncreaseDecreaseInContractWithCustomerAsset`	$17.32M	USD	3 Qtrs
Receivables from related parties	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$15.96M	USD	3 Qtrs
Receivables from related parties	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$-55.43M	USD	3 Qtrs
Advances to suppliers	`IncreaseDecreaseToAdvancesOnInventoryPurchases`	$8.14M	USD	3 Qtrs
Advances to suppliers	`IncreaseDecreaseToAdvancesOnInventoryPurchases`	$52.46M	USD	3 Qtrs
Inventory, net	`IncreaseDecreaseInInventories`	$77.25M	USD	3 Qtrs
Inventory, net	`IncreaseDecreaseInInventories`	$-145.98M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-5.19M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$118.00K	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$30.98M	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$17.56M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-138.85M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$68.15M	USD	3 Qtrs
Payables and deferred revenue with related parties	`IncreaseDecreaseInPayablesAndDeferredRevenueWithRelatedParties`	$5.51M	USD	3 Qtrs
Payables and deferred revenue with related parties	`IncreaseDecreaseInPayablesAndDeferredRevenueWithRelatedParties`	$-152.67M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiabilityExcludingRelatedParties`	$168.02M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiabilityExcludingRelatedParties`	$298.99M	USD	3 Qtrs
Current accruals and provisions	`IncreaseDecreaseInAccruedLiabilities`	$-78.22M	USD	3 Qtrs
Current accruals and provisions	`IncreaseDecreaseInAccruedLiabilities`	$-53.02M	USD	3 Qtrs
Taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$12.00M	USD	3 Qtrs
Taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.15M	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$24.59M	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-1.67M	USD	3 Qtrs
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$11.43M	USD	3 Qtrs
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-2.03M	USD	3 Qtrs
Insurance proceeds received	`IncreaseDecreaseInInsuranceSettlementsReceivable`	-	USD	3 Qtrs
Insurance proceeds received	`IncreaseDecreaseInInsuranceSettlementsReceivable`	$-10.00M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-160.49M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-60.94M	USD	3 Qtrs
Purchase of equity securities	`PaymentsToAcquireEquitySecuritiesFvNi`	$1.12M	USD	3 Qtrs
Purchase of equity securities	`PaymentsToAcquireEquitySecuritiesFvNi`	-	USD	3 Qtrs
Proceeds from maturities of short-term investments	`PaymentsForProceedsFromShortTermInvestments`	$-111.67M	USD	3 Qtrs
Proceeds from maturities of short-term investments	`PaymentsForProceedsFromShortTermInvestments`	-	USD	3 Qtrs
Payments for purchase of investment in joint venture	`PaymentsToAcquireInterestInJointVenture`	-	USD	3 Qtrs
Payments for purchase of investment in joint venture	`PaymentsToAcquireInterestInJointVenture`	$5.01M	USD	3 Qtrs
Capital expenditures on software	`PaymentsForSoftware`	$7.28M	USD	3 Qtrs
Capital expenditures on software	`PaymentsForSoftware`	-	USD	3 Qtrs
Payments for acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Payments for acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$29.21M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.67M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.88M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$97.50M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.01M	USD	3 Qtrs
Proceeds from issuance of Class A common stock sold in an IPO, net of underwriting discounts and commissions	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	3 Qtrs
Proceeds from issuance of Class A common stock sold in an IPO, net of underwriting discounts and commissions	`ProceedsFromIssuanceInitialPublicOffering`	$935.76M	USD	3 Qtrs
Repurchase of Class A common stock placed into treasury	`PaymentsForRepurchaseOfCommonStock`	$1.62M	USD	3 Qtrs
Repurchase of Class A common stock placed into treasury	`PaymentsForRepurchaseOfCommonStock`	$4.99M	USD	3 Qtrs
Payment of transaction cost related to issuance of Class B membership units	`PaymentOfTransactionCostRelatedToIssuanceOfMembershipUnits`	$6.32M	USD	3 Qtrs
Payment of transaction cost related to issuance of Class B membership units	`PaymentOfTransactionCostRelatedToIssuanceOfMembershipUnits`	-	USD	3 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$3.12M	USD	3 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.23M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$6.03M	USD	3 Qtrs
Repayment of promissory notesrelated parties	`RepaymentsOfRelatedPartyDebt`	$50.00M	USD	3 Qtrs
Repayment of promissory notesrelated parties	`RepaymentsOfRelatedPartyDebt`	-	USD	3 Qtrs
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	-	USD	3 Qtrs
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$50.00M	USD	3 Qtrs
Proceeds from borrowing against note receivable - pledged as collateral	`ProceedsFromBorrowingsAgainstNoteReceivable`	$27.00M	USD	Point-in-time
Proceeds from borrowing against note receivable - pledged as collateral	`ProceedsFromBorrowingsAgainstNoteReceivable`	$21.10M	USD	Point-in-time
Proceeds from borrowing against note receivable - pledged as collateral	`ProceedsFromBorrowingsAgainstNoteReceivable`	-	USD	3 Qtrs
Proceeds from borrowing against note receivable - pledged as collateral	`ProceedsFromBorrowingsAgainstNoteReceivable`	$48.18M	USD	3 Qtrs
Payments of deferred equity issuance costs	`PaymentsOfStockIssuanceCosts`	-	USD	3 Qtrs
Payments of deferred equity issuance costs	`PaymentsOfStockIssuanceCosts`	$7.10M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$815.46M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$52.59M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.47M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-3.23M	USD	3 Qtrs
Net (decrease) increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-13.62M	USD	3 Qtrs
Net (decrease) increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$723.98M	USD	3 Qtrs
Cash, cash equivalents, and restricted cash as of the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$762.04M	USD	Point-in-time
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`	$416.10M	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 end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$762.04M	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`	$416.10M	USD	Point-in-time
Cash, cash equivalents, and restricted cash as of the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$38.07M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$955.00K	USD	3 Qtrs
Interest paid	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$1.30M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$928.00K	USD	3 Qtrs

Stockholders Equity 49 line items

Line Item	Tag	Value	Unit	Period
Other comprehensive loss, tax	`OtherComprehensiveIncomeLossTax`	-	USD	3 Qtrs
Other comprehensive loss, tax	`OtherComprehensiveIncomeLossTax`	-	USD	Point-in-time
Other comprehensive loss, tax	`OtherComprehensiveIncomeLossTax`	-	USD	1 Quarter
Foreign currency translation gain (loss), income tax (expense) benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Foreign currency translation gain (loss), income tax (expense) benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$400.00K	USD	3 Qtrs
Foreign currency translation gain (loss), income tax (expense) benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Foreign currency translation gain (loss), income tax (expense) benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	3 Qtrs
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$568.00M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$629.21M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-173.43M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$725.46M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$545.45M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$671.08M	USD	Point-in-time
Net loss	`ProfitLoss`	$-232.99M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-60.83M	USD	1 Quarter
Net loss	`ProfitLoss`	$-109.64M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-20.32M	USD	Point-in-time
Net loss	`ProfitLoss`	$-35.05M	USD	1 Quarter
Stock-based compensation expense and related vesting	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.68M	USD	1 Quarter
Stock-based compensation expense and related vesting	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.58M	USD	1 Quarter
Stock-based compensation expense and related vesting	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$26.36M	USD	3 Qtrs
Stock-based compensation expense and related vesting	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$21.44M	USD	3 Qtrs
Repurchase of class A common stock placed into treasury	`StockRepurchasedDuringPeriodValue`	$1.33M	USD	1 Quarter
Repurchase of class A common stock placed into treasury	`StockRepurchasedDuringPeriodValue`	$4.99M	USD	3 Qtrs
Repurchase of class A common stock placed into treasury	`StockRepurchasedDuringPeriodValue`	$4.99M	USD	1 Quarter
Repurchase of class A common stock placed into treasury	`StockRepurchasedDuringPeriodValue`	$1.62M	USD	3 Qtrs
Effect of Siemens Industry redemption of class B-1 common stock for class A common stock	`StockRedeemedOrCalledDuringPeriodValue`	-	USD	3 Qtrs
Effect of Siemens Industry redemption of class B-1 common stock for class A common stock	`StockRedeemedOrCalledDuringPeriodValue`	-	USD	1 Quarter
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`	$-1.00K	USD	3 Qtrs
Effect of remeasurement of non-controlling interest due to other share transactions	`NoncontrollingInterestDecreaseFromRemeasurement`	$-1.00K	USD	1 Quarter
Effect of remeasurement of non-controlling interest due to other share transactions	`NoncontrollingInterestDecreaseFromRemeasurement`	-	USD	3 Qtrs
Proceeds from exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.23M	USD	3 Qtrs
Proceeds from exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$3.07M	USD	1 Quarter
Proceeds from exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$6.03M	USD	3 Qtrs
Proceeds from exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.23M	USD	1 Quarter
Other comprehensive gain subsequent to the Transactions, net of income tax expense of $0	`OtherComprehensiveIncomeLossNetOfTax`	$25.00K	USD	3 Qtrs
Other comprehensive gain subsequent to the Transactions, net of income tax expense of $0	`OtherComprehensiveIncomeLossNetOfTax`	$5.08M	USD	1 Quarter
Other comprehensive gain subsequent to the Transactions, net of income tax expense of $0	`OtherComprehensiveIncomeLossNetOfTax`	$1.91M	USD	3 Qtrs
Other comprehensive gain subsequent to the Transactions, net of income tax expense of $0	`OtherComprehensiveIncomeLossNetOfTax`	$175.00K	USD	Point-in-time
Other comprehensive gain subsequent to the Transactions, net of income tax expense of $0	`OtherComprehensiveIncomeLossNetOfTax`	$1.63M	USD	1 Quarter
Effect of the transactions related to the IPO	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$117.23M	USD	3 Qtrs
Issuance of class A common stock in IPO, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$935.76M	USD	3 Qtrs
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$568.00M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$629.21M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-173.43M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$725.46M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$545.45M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$671.08M	USD	Point-in-time

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