← Bloom Energy Corp
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net loss | ($336.3m) | ($295.0m) | ($291.3m) | ($323.5m) | ($179.1m) | ($193.4m) | ($315.1m) | ($307.9m) | ($27.2m) | ($87.1m) | — | |
| Depreciation and amortization | $43.1m | $54.4m | $53.9m | $78.6m | $52.3m | $53.5m | $61.6m | $62.6m | $53.0m | $50.6m | $53.0m | |
| Amortization of debt issuance costs | — | — | $25.4m | $22.1m | $6.5m | $3.8m | $3.0m | $4.8m | $6.8m | $8.2m | — | |
| Stock-based compensation expense | $28.2m | $29.1m | $168.5m | $196.3m | $73.9m | $73.3m | $112.3m | $84.5m | $82.4m | $139.4m | $182.4m | |
| Share-based consideration payable to customer’s customer (Note 3) | — | — | — | — | — | — | — | $0 | $0 | $15.9m | — | |
| Impairment of assets | $2.1m | $0 | $0 | $11.3m | $0 | $0 | $113.5m | $130.1m | $0 | $12.7m | — | |
| Inventory reserve and other assets impairment | — | — | — | — | — | — | — | $0 | $0 | $21.9m | — | |
| Deferred profit with equity method investees and other long-term liabilities | $46.8m | $37.6m | $19.6m | $4.4m | ($4.5m) | ($4.3m) | ($10.0m) | ($1.4m) | ($1.1m) | ($251k) | — | |
| Accounts receivable | ($701k) | $3.2m | ($55.0m) | $52.0m | ($61.7m) | $8.6m | ($162.9m) | ($89.9m) | $7.1m | ($35.5m) | ($294.3m) | |
| Inventories | ($209k) | ($10.6m) | ($37.0m) | $18.4m | ($33.0m) | ($885k) | ($124.9m) | ($231.7m) | ($44.5m) | ($119.2m) | ($91.7m) | |
| Accounts payable | $4.8m | $7.1m | $18.3m | ($11.3m) | ($620k) | $13.1m | $86.5m | ($29.1m) | ($36.6m) | $110.9m | $158.5m | |
| Accrued warranty | ($3.0m) | ($7.4m) | $1.5m | ($6.6m) | ($241k) | $1.5m | $5.6m | $2.0m | ($2.8m) | $3.5m | — | |
| Accrued expenses and other current liabilities | $11.3m | $8.0m | ($6.0m) | $6.7m | $17.8m | ($2.1m) | $43.2m | ($13.8m) | $8.7m | $80.3m | — | |
| Deferred revenue and customer deposits | $183.6m | $48.3m | ($21.8m) | $37.1m | ($13.0m) | ($22.7m) | $35.2m | ($42.6m) | $139.9m | ($142.6m) | — | |
| Other | — | — | — | — | $0 | $0 | ($76k) | $0 | $0 | $150k | — | |
| Prepaid expenses and other assets | ($8.4m) | ($982k) | ($8.0m) | $8.6m | ($3.1m) | $1.5m | ($17.6m) | ($5.8m) | $3.8m | ($3.6m) | — | |
| Net cash provided by (used in) operating activities | ($282.8m) |
($92.0m)
+67.48%
|
($91.9m)
+0.02%
|
$163.8m
+278.11%
|
($98.8m)
-160.33%
|
($60.7m)
+38.58%
|
($191.7m)
-215.95%
|
($372.5m)
-94.31%
|
$92.0m
+124.70%
|
$113.9m
+23.86%
|
$737.8m
+547.47%
|
|
| Loss on disposal of property, plant and equipment | $140k | $48k | $939k | $3.1m | $38k | $0 | $0 | $411k | $161k | $436k | — | |
| Derecognition of loan commitment asset related to SK ecoplant Second Tranche Closing (Note 17) | — | — | — | — | — | $0 | $0 | $52.8m | $0 | $0 | — | |
| Purchase of property, plant and equipment | $9.0m | ($61.5m) | ($45.2m) | ($51.1m) | ($37.9m) | ($49.8m) | ($116.8m) | ($83.7m) | ($58.9m) | ($56.8m) | — | |
| Proceeds from sale of property, plant and equipment | $992k | $975k | $12.2m | $1.7m | $7.2m | $0 | $0 | $14k | $70k | $131k | $182k | |
| Liabilities recorded for property, plant and equipment, net | $992k | $975k | $12.2m | $1.7m | $7.2m | $6.1m | $11.0m | $9.3m | $1.6m | $3.7m | — | |
| Investments in unconsolidated affiliates | — | — | — | — | — | — | — | $0 | $0 | ($36.5m) | — | |
| Net cash used in investing activities | ($9.0m) | ($88.2m) | ($125.4m) | $53.4m | ($37.9m) | ($46.7m) | ($116.8m) | ($83.7m) | ($58.8m) | ($93.1m) | ($172.2m) | |
| Loss on extinguishment of debt | — | — | $0 | $0 | $11.8m | $0 | $9.0m | $4.3m | $27.2m | $32.3m | — | |
| Debt conversion inducement expense (Note 8) | — | — | — | — | — | — | — | $0 | $0 | $66.2m | — | |
| Proceeds from issuance of debt | — | — | $0 | $0 | $300.0m | $136.0m | $0 | $637.1m | $402.5m | $2.5b | $2.5b | |
| Payment of debt issuance costs | $218k | ($6.1m) | $0 | $0 | ($13.2m) | ($1.9m) | $0 | ($19.7m) | ($12.8m) | ($62.7m) | — | |
| Repayment of debt | $32.2m | ($20.5m) | ($18.8m) | ($119.3m) | ($176.5m) | ($123.4m) | ($19.9m) | ($191.4m) | ($141.0m) | ($975.9m) | ($994.9m) | |
| Premium on convertible debt (Note 8) | — | — | — | — | — | — | — | $0 | $0 | $28.2m | — | |
| Write-off of debt issuance costs upon induced conversion (Note 8) | — | — | — | — | — | — | — | $0 | $0 | $18.7m | — | |
| Proceeds from issuance of common stock | $1.2m | $432k | $1.5m | $12.7m | $23.5m | $89.8m | $15.3m | $16.9m | $12.4m | $59.1m | $74.6m | |
| Conversion of 2.5% Green Notes to common stock (Note 8) | — | — | — | — | — | — | — | $0 | $0 | $2.2m | — | |
| Dividend paid | — | — | — | — | — | — | $0 | $0 | ($1.5m) | ($947k) | — | |
| Net cash provided by financing activities | $283.4m |
$142.9m
-49.57%
|
$317.2m
+121.96%
|
($120.3m)
-137.93%
|
$176.0m
+246.31%
|
$306.4m
+74.05%
|
$211.4m
-31.01%
|
$683.3m
+223.30%
|
$175.2m
-74.36%
|
$1.5b
+760.93%
|
$1.5b
+0.68%
|
|
| Effect of exchange rate changes on cash, cash equivalent, and restricted cash | — | — | — | $0 | $0 | ($594k) | $434k | ($281k) | ($2.6m) | $1.4m | ($1.8m) | |
| Net increase in cash, cash equivalents, and restricted cash | ($8.4m) | ($37.3m) | $99.9m | $96.9m | $39.3m | $198.4m | ($96.7m) | $226.8m | $205.8m | $1.5b | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Non-cash lease expense | — | — | — | $0 | $5.3m | $9.7m | $20.2m | $33.6m | $35.9m | $32.5m | — | |
| Equity in loss of unconsolidated affiliates, net of distributions | — | — | — | — | — | — | — | $0 | $0 | $40.4m | — | |
| Revaluation of derivative contracts | $1.3m | $15.0m | $29.0m | $2.8m | ($497k) | $17.5m | ($9.6m) | $1.6m | $694k | $537k | — | |
| Net (gain) loss on failed sale-and-leaseback transactions | — | — | — | — | — | — | $0 | $403k | ($17.4m) | ($827k) | — | |
| Allowance for credit losses | — | — | — | — | — | — | — | $0 | $0 | $340k | — | |
| Unrealized foreign currency exchange (gain) loss | — | — | — | — | $19k | $77k | ($3.3m) | $618k | $3.8m | ($2.3m) | — | |
| Contract assets | — | — | — | $0 | $0 | ($21.9m) | ($21.5m) | $5.4m | ($103.8m) | ($96.0m) | — | |
| Deferred cost of revenue | ($84.7m) |
($31.3m)
+63.05%
|
$14.2m
+145.47%
|
($22.0m)
-254.62%
|
$19.9m
+190.53%
|
$17.6m
-11.77%
|
($24.3m)
-238.23%
|
$1.7m
+106.82%
|
($13.1m)
-889.73%
|
$27.2m
+307.90%
|
— | |
| Other long-term assets | ($1.0m) | $756k | ($202k) | $3.6m | $2.9m | ($2.9m) | ($2.6m) | ($3.4m) | $4.1m | ($11.1m) | — | |
| Operating lease right-of-use assets and operating lease liabilities | — | — | — | $0 | ($2.9m) | ($13.0m) | $3.0m | ($32.8m) | ($36.7m) | ($33.4m) | — | |
| Financing lease liabilities | — | — | — | $0 | $0 | $1.1m | $896k | $1.0m | $1.6m | $2.6m | — | |
| Purchase of capped call options related to convertible notes | — | — | — | — | — | $0 | $0 | ($54.5m) | $0 | $0 | — | |
| Proceeds from financing obligations | — | $84.3m | $70.3m | $72.3m | $26.3m | $16.8m | $3.3m | $5.0m | $1.8m | $0 | — | |
| Repayment of financing obligations | — | ($3.2m) | ($6.2m) | ($9.0m) | ($10.8m) | ($13.6m) | ($35.5m) | ($18.4m) | ($90.2m) | ($11.3m) | — | |
| Distributions and payments to noncontrolling interest | $45.8m | ($23.7m) | ($15.2m) | ($12.5m) | ($7.6m) | ($5.8m) | ($6.9m) | ($2.3m) | $0 | $0 | — | |
| Buyout of noncontrolling interest | — | — | — | — | $0 | $0 | ($12.0m) | ($6.9m) | $0 | $0 | — | |
| Proceeds from issuance of redeemable convertible preferred stock | — | — | — | $0 | $0 | $208.6m | $0 | $311.0m | $0 | $0 | — | |
| Payment of issuance costs related to redeemable convertible preferred stock | $0 | ($1.1m) | ($5.5m) | $0 | $0 | $0 | ($13.8m) | ($395k) | $0 | $0 | — | |
| Contributions from noncontrolling interest | $209.9m | $13.7m | $0 | $0 | $6.5m | $0 | $2.8m | $7.0m | $4.0m | $0 | — | |
| Beginning of period | $217.9m | $180.6m | $280.5m | $377.4m | $416.7m | $615.1m | $518.4m | $745.2m | $951.0m | $2.5b | — | |
| Cash paid during the period for interest | $20.5m | $37.6m | $59.5m | $69.9m | $71.7m | $68.7m | $49.0m | $49.9m | $55.7m | $49.5m | — | |
| Operating cash flows from operating leases | ($282.8m) | ($67.2m) | $0 | $0 | ($2.9m) | $17.4m | $14.0m | $32.5m | $36.4m | $33.4m | $737.8m | |
| Operating cash flows from finance leases | ($282.8m) | ($67.2m) | $0 | $0 | $16k | $878k | $1.1m | $1.1m | $259k | $356k | $737.8m | |
| Cash paid during the period for income taxes | $635k | $616k | $1.7m | $860k | $371k | $576k | $1.4m | $1.5m | $1.4m | $1.7m | — | |
| Recognition of operating lease right-of-use asset during the year-to-date period | — | — | — | $0 | $12.8m | $82.8m | $36.4m | $29.8m | $2.9m | $4.4m | — | |
| Recognition of finance lease right-of-use asset during the year-to-date period | — | — | — | $0 | $385k | $2.2m | $896k | $1.0m | $1.6m | $2.9m | — | |
| Derecognition of financing obligations | — | — | — | — | — | — | $0 | $0 | $101.7m | $0 | — | |
| Conversion of redeemable convertible preferred stock | — | — | — | — | $0 | $0 | $208.6m | $310.5m | $0 | $0 | — | |
| Derecognition of the pre-modified forward contract fair value | — | — | — | — | — | $0 | $0 | $76.2m | $0 | $0 | — | |
| Equity component of redeemable convertible preferred stock | — | — | — | — | — | $0 | $0 | $16.1m | $0 | $0 | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.