Clean energy fuels corp. (CLNE)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net income (loss)

899

39,223

-6,045

-7,094

-12,825

5,704

-12,199

-13,161

10,473

-28,688

-94,888

-18,539

60,724

-4,137

-13,019

903

2,529

-50,395

-23,181

-30,355

-31,527

608

-30,231

-32,572

-28,664

-32,281

-18,795

-12,008

-3,835

-41,675

-16,209

-11,210

-31,768

-20,813

-11,427

-5,739

-9,476

Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization

11,924

12,294

12,247

12,605

12,479

12,354

13,363

13,332

12,801

12,857

14,104

14,336

15,317

14,580

14,801

14,920

14,961

14,931

14,000

13,402

12,886

13,610

12,325

11,608

11,515

10,459

10,924

10,777

10,158

10,163

9,047

8,907

8,144

8,010

7,554

7,632

7,210

Asset impairments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45

Loss on disposal of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-137

-

-

-

-

-

-

-

-

Derivative gain

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

324

3,255

-2,286

4,455

77

1,366

-39

-466

2,306

5,692

8,899

-13,506

-404

1,524

4,835

-3,300

Provision for doubtful accounts, notes and inventory

166

1,515

425

346

300

563

887

180

227

3,679

14,877

870

409

1,870

1,200

639

665

236

1,196

1,330

110

1,046

119

-429

541

1,308

577

60

17

889

95

165

209

9

80

176

79

Stock-based compensation expense

1,054

824

892

918

1,246

995

1,206

1,208

1,898

1,519

1,916

2,778

1,910

1,559

2,077

2,037

2,419

2,770

2,656

2,663

2,690

2,307

2,809

2,978

3,420

5,661

5,684

5,451

6,212

5,595

6,044

5,768

4,680

3,380

3,161

3,555

3,377

Change in fair value of derivative instruments

5,227

-691

1,138

592

-6,584

9,687

9

71

21

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of discount and debt issuance cost

-85

-173

-126

-279

-150

-1,275

-433

290

198

-126

341

392

240

310

358

392

467

673

762

774

760

1,892

775

781

746

752

400

248

262

199

122

117

113

-

-

-

-

Gain on disposal of property and equipment

14

-1,507

76

1,287

2,680

-1,344

-162

-182

-866

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26

248

30

108

245

286

269

340

493

486

482

555

2,493

-1,150

668

720

Gain on extinguishment of debt, net

-

-

-

-

-

-

-

-

-

0

0

0

3,195

8,973

-668

10,120

15,923

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of equity method investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

4,705

-

-

-

-

-

-

-

-

Dividend received on equity method investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,091

-

-

-

-

-

-

-

-

Gain from sale of certain assets of subsidiary

176

-

-

-

-

-

-

-

-

772

0

-762

70,648

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (income) from equity method investments

145

4

377

-33

-467

16

-542

-729

-1,468

-31

-30

-34

-36

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right-of-use asset amortization

676

-

-

-

652

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

30

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on contingent consideration for acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,106

-300

1,646

2,648

274

1,854

1,396

-696

Changes in operating assets and liabilities, net of assets and liabilities acquired and disposed:
Accounts and other receivables

180

67,355

5,414

-9,366

5

-245

4,422

-34,613

36,796

17,055

-238

-5,094

-18,604

963

-6,905

11,706

-35,935

37,725

-515

-5,071

-35,565

37,970

10,394

8,782

-1,573

-1,124

1,978

-18,374

17,961

-11,955

2,701

5,693

1,729

15,992

2,740

5,793

-24,388

Inventory

-51

-640

-2,143

1,367

-2,023

-1,338

214

-515

2,704

-469

-2,649

2,317

-162

477

1,306

-1,011

748

-1,276

-622

-1,413

-1,880

-708

-3,695

912

4,470

-5,898

3,770

-3,301

6,066

381

1,267

-3,138

3,369

2,839

2,939

2,493

6,511

Margin deposits on futures contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-1,221

-1,760

Prepaid expenses and other assets

2,682

12,024

3,566

933

94

-1,287

-2,055

270

1,525

-4,839

283

-797

-1,400

-647

1,589

-2,205

794

3,887

566

-2,788

-4,541

-6,598

7,128

-1,027

-864

-759

368

-2,464

2,276

-18,576

-2,341

8,825

7,891

1,579

10,190

1,561

1,379

Operating lease liabilities

-851

-733

-1,193

-1,083

-777

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,122

5,122

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-5,594

12,531

-3,775

1,768

-1,208

3,053

1,074

-7,418

3,970

462

1,863

-3,850

-7,439

280

1,708

835

-3,483

-680

245

-8,594

-2,976

-64

10,905

-7,429

5,714

948

9,350

-5,518

-11,742

2,081

4,253

1,992

-8,654

6,202

-3,812

5,955

-8,021

Deferred revenue

-2,437

-407

-398

762

-3,485

-2,760

-479

-645

3,914

9,818

127

-852

175

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other

-1,667

25,017

1,529

2,806

-10,756

615

3,487

-4,314

2,882

7,489

1,875

-7,778

-16,295

-1,438

4,830

-5,393

-4,139

10,916

6,523

-12,242

-3,073

-812

7,332

2,546

-1,420

1,560

4,066

2,799

10,970

-20,851

751

13,110

11,956

1,581

7,012

1,138

-4,899

Net cash used in operating activities

-4,258

7,676

-4,180

17,012

-8,229

8,978

6,080

25,273

-2,349

-912

1,653

-6,458

1,400

2,043

16,633

845

26,767

-11,085

1,847

-23,714

20,856

-19,601

-13,117

-28,759

-14,528

-2,269

4,557

9,950

-16,932

-836

-706

-1,318

-16,896

-21,139

-15,883

-11

9,897

Cash flows from investing activities:
Purchases of short-term investments

29,284

32,820

66,231

45,370

26,659

54,492

43,288

208,588

41,723

112,982

70,272

126,220

30,720

48,363

22,999

25,878

39,783

57,540

29,561

33,323

38,416

65,123

21,638

13,875

56,993

102,884

31,792

15,032

21,227

31,047

2,805

16,646

4,564

-

-

-

-

Maturities and sales of short-term investments

56,500

-

-

-

26,396

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturities and sales of short-term investments

-

-

-

-

-

-

159,323

125,780

55,181

-

69,943

25,584

53,517

-

24,906

22,052

66,894

-

43,700

17,855

47,006

-

41,376

25,326

29,818

-

39,062

14,623

21,233

-

-

-

-

-

-

-

-

Purchases of and deposits on property and equipment

3,658

14,836

4,509

3,427

4,316

11,054

4,379

2,699

7,131

8,778

13,564

6,386

7,579

6,977

5,074

6,343

5,246

11,185

13,994

13,730

12,506

13,514

13,274

14,989

46,851

26,690

19,766

18,571

21,703

60,054

56,932

39,285

36,623

26,818

12,284

16,769

10,816

Loans made to customers

40

-

-

-

-

-

-

-

-

359

-66

-183

784

490

616

861

849

394

1,375

835

1,675

4,175

2,670

293

2,002

1,783

1,469

337

361

2,864

2,295

2,305

3,057

-

-

-

-

Payments on and proceeds from sales of loans receivable

609

-

-

-

141

-

-

-

84

124

252

407

319

267

133

208

234

-69

105

269

623

1,707

2,633

725

1,515

1,012

246

624

2,271

1,031

3,245

1,407

2,568

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

190

664

-587

491

-598

-516

-1,027

-5,075

4,796

326

3,520

-2,793

-30,750

31,004

-10,711

-33,646

26,884

-21,547

-9,634

-13,845

43,528

352

27,061

Cash received from sale of certain assets of subsidiary, net

5,628

2,609

-43

-98

5,114

0

0

0

871

0

0

125,496

23,592

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments in other entities

-

-

-

-

-

-

-

-

-

-1

0

1

1,928

833

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,012

0

2,700

Proceeds from sale of equity method investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

6,119

-

-

-

-

-

-

-

-

Proceeds from disposal of property and equipment

685

1,203

232

1,949

4,388

0

530

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

95

-

-

-

-

-

-

-

-

Net cash provided by investing activities

30,440

-984

-3,484

-2,098

5,064

20,104

112,361

-85,378

7,282

-9,572

-5,225

19,063

36,417

-5,836

-3,840

-8,455

21,837

-1,271

591

-29,248

-3,941

32,945

1,631

-3,432

-78,033

-109,181

17,031

-59,970

-2,862

-37,434

-75,409

-19,062

-32,042

-48,683

-59,526

-17,121

-40,577

Cash flows from financing activities:
Proceeds from minority interest DCE equity contribution

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

417

Issuances of common stock

194

23

107

4

175

5

14

83,419

0

0

0

0

10,767

34,724

16,438

30,377

22,052

6,595

3

265

334

897

719

19

665

27

231

241

178

596

537

1,889

5,947

280

464

339

394

Repurchase of common stock

4,244

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fees paid for issuances of common stock and debt issuance costs

0

123

0

-15

15

11

538

455

0

0

13

579

46

1,047

619

41

680

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from debt instruments

200

-

-

-

3,394

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from debt instruments and finance lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

200,880

302

41,548

Proceeds from debt instruments

-

-

-

-

-

-

1,982

0

6,261

-

1,271

-1

6,291

-

1,522

632

306

12

366

0

6

153

-95

320

12,400

-

-

-

-

53

50,175

308

76

-

-

-

-

Proceeds from revolving line of credit

-

-

-

-

-

-

-

-

-

4

10

298

0

23,500

0

5

50,003

4

3

1

23

11

10,975

11,292

12,329

11,358

5,668

7,607

6,894

7,463

7,283

9,349

15,069

19,212

12,438

11,705

10,240

Repayments of borrowing under revolving line of credit

-

-

-

-

-

-

-

-

-

142

170

0

23,500

13

50,009

1

4

2

36

2

24

10,583

12,126

8,128

9,517

14,064

8,676

7,647

7,380

6,916

4,683

8,134

15,002

19,707

13,217

9,325

7,340

Repayments of debt instruments and finance lease obligations

1,700

2,729

1,533

2,058

1,475

163,820

3,342

26,490

1,234

1,043

1,262

1,152

27,250

60,611

40,743

8,578

77,892

1,833

1,916

1,023

1,486

26,762

4,936

611

8,727

2,336

566

1,644

5,601

3,266

663

564

5,547

1,225

357

298

15,199

Payments for debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-18

0

0

914

-

-

-

-

-

-

-

-

1

1,286

0

1,767

Net cash provided by (used in) financing activities

-5,550

8,800

-1,126

-2,068

2,079

-154,826

-1,884

56,474

5,027

778

-164

-10,039

-33,738

1,505

-73,411

22,394

-6,215

4,688

-2,375

-759

-1,147

-36,442

1,529

2,892

6,236

-1,299

244,157

53,770

-5,909

-2,070

52,649

2,498

543

150,286

198,685

564

28,293

Effect of exchange rates on cash, cash equivalents, and restricted cash

-328

27

-21

57

73

348

56

-58

-72

139

299

268

184

-392

-143

293

1,126

-451

-1,516

154

-1,286

790

-54

-329

620

646

371

-302

-247

-206

-181

-69

936

-1,342

451

-105

-858

Net increase (decrease) in cash, cash equivalents and restricted cash

20,304

15,519

-8,811

12,903

-1,013

-125,396

116,613

-3,689

9,888

-9,567

-3,437

2,834

4,263

-2,680

-60,761

15,077

43,515

-8,119

-1,453

-53,567

14,482

-22,308

-10,011

-29,628

-85,705

-112,103

266,116

3,448

-25,950

-40,546

-23,647

-17,951

-47,459

79,122

123,727

-16,673

-3,245

Supplemental disclosure of cash flow information:
Income taxes paid

29

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes paid

-

-

-

-

-

86

11

136

24

-19

69

240

54

-164

322

658

196

241

152

317

180

35

218

453

237

100

124

351

1,653

407

73

121

559

-90

607

-331

597

Interest paid, net of $80 and $98 capitalized, respectively

2,104

1,875

2,323

834

1,756

7,569

2,439

3,887

2,856

2,697

5,521

5,506

3,324

8,499

3,879

10,891

6,505

13,237

6,241

12,243

5,941

8,429

12,127

6,409

12,259

9,459

2,767

5,870

4,014

4,770

3,194

3,671

2,359

4,193

1,837

583

131