FUELCELL ENERGY INC FCEL Cash Flow

Fuelcell energy inc (FCEL)

CashFlow / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11
Cash flows from operating activities:
Net loss
-40,151	-35,179	-5,311	-19,530	-17,548	-14,096	-15,881	-13,174	-4,183	-9,979	-17,001	-13,238	-13,685	-12,948	-11,067	-15,414	-11,779	-8,905	-6,628	-9,997	-4,154	-4,890	-7,139	-16,039	-10,815	-9,997	-5,814	-7,629	-11,879	-11,519	-10,010	-8,363	-6,014	-7,129	-7,830	-20,008	-11,007
Adjustments to reconcile net loss to net cash used in operating activities:
Share-based compensation
488	479	385	958	982	929	931	761	617	1,153	1,206	1,213	1,013	895	867	805	858	840	810	746	761	726	855	706	621	607	597	513	509	537	674	303	540	528	441	828	780
Income from equity investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	46	-91	-42	-150	-362	207	-94	143	-198
Loss from change in fair value of embedded derivatives
0	230	-28	-4	-22	-7	-8	10	-55	3	-69	17	-42	-2	8	-76	84	-13	33	-36	39	10	-25	-84	225	-1,038	-296	-22	-3	-	-	-	-	-	-	-	-
Depreciation and amortization
4,630	-	-	-	2,199	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of common stock warrant liability
34,245	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on Series 1 preferred stock extinguishment
475	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation
-	-	-	-	-	2,123	2,223	2,174	2,128	2,016	2,206	2,239	2,057	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,241	1,191	1,151	-	1,054	981	963	1,087	1,119	1,110	1,068	1,053	983	1,049	1,012	1,018	1,321	1,404	1,449	1,618	1,628	1,551	1,634
Non-cash interest expense on preferred stock and debt obligations
1,591	1,433	2,089	1,001	1,574	1,539	1,573	1,354	1,491	1,649	1,649	1,488	1,470	-	967	796	430	-	462	450	480	674	497	477	492	985	493	491	511	-	-	484	581	706	1,742	22	20
Operating lease expense
156	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease payments
211	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	0	0	0	-3,035	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Make whole derivative expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-305	6,230	2,422	0	0	0	0	-	-	-	-	-	-	-	-
Accretion of redeemable preferred stock of subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-525
Unrealized foreign exchange gains
84	6	-306	317	12	-57	-87	901	-534	471	-1,311	599	-340	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency transaction losses (gains)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	845	268	866	-572	1,513	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized foreign exchange gains
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-505	-97	801	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash transactions, net
-308	160	-750	61	-187	-557	0	-203	0	0	76	-114	-127	-148	0	-100	-203	-594	169	-112	125	124	-50	-115	-105	-21	5	162	-207	106	187	-171	175	137	113	-216	-11
(Increase) decrease in operating assets:
Accounts receivable
2,301	-533	-6,480	3,500	-1,329	-6,486	8,115	482	-26,280	26,092	276	6,445	2,575	-3,645	-9,589	-508	-16,493	5,866	11,815	-17,107	-3,747	24,895	4,820	890	-15,227	8,730	10,994	9,296	-17,020	15,791	3,201	-6,868	1,942	5,267	-3,269	-3,200	5,248
Unbilled receivables
-554	-1,115	2,113	-4,338	7,828	-9,136	-16,845	1,763	-344	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
5,780	-2,007	4,966	2,241	1,227	-9,576	8,843	-16,197	-14,784	2,512	3,681	-6,683	8,462	-4,398	11,982	5,946	-5,478	-9,576	3,694	15,257	725	-635	48	3,861	-4,333	8,952	-2,638	2,823	-3,236	-1,294	-3,691	6,382	6,203	1,369	2,533	3,847	-1,052
Project assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	543	1,694	4,233	4,928	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Project assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,079	4,441	8,939	543	1,694	4,233	4,928	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
1,141	-386	-1,174	-421	-139	-247	1,129	274	1,108	799	-451	1,627	-1,261	945	463	-451	-120	-3,988	28	81	2,857	-1,818	2,085	-1,154	-2,530	-6,239	-547	-29	739	-885	-1,081	-1,946	880	5,377	4,949	3,650	1,610
Increase (decrease) in operating liabilities:
Accounts payable
-2,481	-9,523	368	9,134	-152	-23,409	273	6,188	-2,898	33,167	-3,310	223	-5,060	-2,823	927	18	-1,141	-3,462	-1,029	-2,265	-468	7,052	1,304	-3,784	-6,138	2,583	2,389	12,149	-5,345	1,262	-1,505	-5,466	3,919	-1,675	3,883	1,567	-370
Accrued liabilities
-816	2,841	-2,692	-304	2,532	-6,811	-296	-7,312	3,074	5,257	-1,863	-3,534	-2,150	1,385	-6,464	-3,653	9,972	1,890	5,179	-503	-131	429	-598	264	-11,151	2,496	-227	-1,415	-1,026	-189	-3,221	584	-3,255	1,441	-948	10,517	-249
Deferred revenue
4,962	2,293	-961	-1,181	5,845	1,120	-245	-1,528	1,914	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	-	-	-	-	69	-228	775	-11,315	-6,022	-5,990	-3,321	-8,189	-4,722	2,295	6,718	-7,996	-5,284	3,733	-2,742	-5,669	-4,898	-7,719	27,434	4,842	-4,312	-3,988	-6,184	26,257	6,139	-6,934	12,111
Net cash provided by (used in) operating activities
-	-	-	-	-	-	-	-	-	-	-	-13,728	-24,847	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in operating activities
-6,506	-12,265	-110	-6,239	-11,958	-13,024	-12,569	1,918	39,997	-	-	-	-	-	-	-	8,596	-	-23,173	-10,037	-2,271	-25,866	-15,924	-10,604	-5,074	-18,769	-13,995	-14,791	30,897	-13,412	-15,156	-12,289	-17,802	9,526	823	-16,681	-2,153
Cash flows from investing activities:
Capital expenditures
64	229	-169	500	1,591	2,403	2,119	2,690	2,816	1,882	2,179	1,913	6,377	3,764	1,689	959	1,314	3,090	519	1,705	1,616	2,175	2,202	1,128	790	2,534	1,464	1,156	1,397	1,807	965	755	926	2,175	475	449	251
Project asset expenditures
7,624	9,798	-5,398	14,642	12,633	12,821	6,662	17,172	4,577	6,930	2,642	7,101	3,053	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Project asset acquisition
611	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Project asset expenditures
7,624	9,798	-5,398	14,642	12,633	12,821	6,662	17,172	4,577	6,930	2,642	7,101	3,053	27,221	1,781	2,680	2,044	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash acquired from acquisition
-	-	-	-	-	-	-	-	-	-	0	0	633	0	0	0	0	-	-	-	-	-	-	-	-	0	0	0	357	0	0	0	0	-	-	-	-
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-9,014	-8,797	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Treasury notes matured
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	4,500	7,500	6,000	0	37,000	12,000
Treasury notes purchased
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	11,023	21,996
Net cash used in investing activities
-8,299	-10,027	-29,907	-15,142	-14,224	-15,224	-8,781	-19,862	-7,393	-	-	-	-	-	-	-	-3,358	-	-519	-1,705	-1,616	-2,959	-2,202	-1,128	-790	-2,534	-1,464	-1,156	-1,040	-1,807	-965	3,745	6,574	3,825	-1,075	25,528	-10,247
Cash flows from financing activities:
Repayment of debt
15,535	25,365	18,239	3,181	1,610	3,536	2,161	4,666	6,253	1,104	1,168	1,228	5,071	20,903	454	179	8,916	149	1,146	119	121	113	93	5,670	95	89	119	103	63	46	20	52	55	74	167	1	64
Proceeds from debt, net of debt discount
66,862	14,500	26,774	11,072	17,250	0	0	13,091	0	-14	0	0	17,891	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,102	-	3,326	3,000	0	0	0	0	250	3,750	38,875	2,625	0	-	-	-	-	-	-	-	-
Payment of deferred financing costs
2,455	797	1,222	798	485	0	0	352	0	87	0	0	119	764	0	994	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of preferred dividends and return of capital
3,385	0	0	804	1,036	1,044	1,038	1,048	1,048	1,054	1,035	1,034	1,033	1,045	1,049	1,043	1,033	1,048	1,010	1,050	1,094	1,079	1,089	1,062	1,113	1,103	1,113	1,113	1,113	1,118	1,231	987	4,288	5,232	5,588	3,606	800
Common stock issued for stock plans and related expenses
0	-	-	-	31	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-400	2,000	1,000
Increase in restricted cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-300	-1	-2,144	-	0	1,021	-16,141	0	5,636	-4	-5,000	-	-	-	-	-	-	-	-
Proceeds from sale of common stock, prefunded warrants and warrant exercises, net
-	-	-	-	-	-	-	-	-	-	-	-	4,977	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issued for stock plans and related expenses
0	0	-8	0	31	0	0	0	0	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash received for common stock issued for stock plans
-	-	-	-	-	-	-	-	-	-	36	1	49	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of common stock and warrant exercises, net
3,502	28,149	15,424	0	0	442	6,745	621	2,647	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of common stock, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,276	13,306	-	5,288	8,285	8,488	6,116	62,874	3,099	33,755	5,060	-20	0	0	0	30,000	32,815	1,188	10,490	907	3,653	17,880
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	5,547	16,694	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
48,989	16,487	22,729	6,289	14,150	21,179	3,546	7,646	-4,654	-	-	-	-	-	-	-	23,459	-	6,291	10,115	5,129	20,044	61,853	-2,612	16,656	7,618	40,787	1,405	-6,176	-496	29,697	28,911	-3,155	7,202	-5,248	2,046	18,016
Effects on cash from changes in foreign currency rates
-49	-216	105	-140	7	53	-128	54	33	-32	199	32	-70	-9	-228	420	-218	296	-64	-52	-288	-327	-43	130	-20	22	-8	-55	76	131	-78	0	-2	0	0	2	2
Net increase (decrease) in cash, cash equivalents and restricted cash
34,135	-6,021	-7,183	-15,232	-12,025	-7,016	-17,932	-10,244	27,983	13,680	-10,365	-17,163	-17,020	-	-	-	28,479	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-17,465	-1,679	954	-	43,684	-14,214	10,772	-13,663	25,320	-14,597	23,757	-15,584	13,498	20,367	-14,385	20,553	-5,500	10,895	5,618
Supplemental cash flow disclosures:
Cash interest paid
558	-	1,050	811	827	-	816	493	651	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash interest paid
-	-	-	-	-	-	-	-	-	-	-	2,065	756	-	754	182	359	-	154	171	155	-	111	82	1,535	-	134	82	55	-	73	93	63	-	181	-120	54
Noncash financing and investing activity:
noncash acquisition project assets
-	-	-	-	-	-	-	-	-	-	0	0	2,386	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued purchase of fixed assets
9	-	246	-72	107	-	525	-958	1,231	-	-235	715	1,101	-	453	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assumption of debt in conjunction with asset acquisition
-	-	-	-	-	-	-	-	-	-	0	0	2,289	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of project assets
-	-	-	-	-	-	-	-	-	-	0	0	2,386	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred share conversions
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
489	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease right-of-use assets
489	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net noncash reclasses from project assets to inventory
2,756	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Warrant exercises
25,994	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issued in settlement of prior year bonus obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	550	-	1,414	-1,414	707
Common stock issued for Employee Stock Purchase Plan in settlement of prior year accrued employee contributions
-	-	-	-	-	-	-	-	-	-	0	0	50	-	0	0	105	-	0	0	168	-	0	0	106	-	0	0	85	-	0	0	84	-	183	-116	58
Accrued sale of common stock, cash received in a subsequent period
-	-	-	-	-	-	-	-	-	-	-	-	159	-	-	-	-	-	-	488	33	-	-	885	0	-	-	-	-	-	-	-	-	-	-	-	-
Accrued purchase of fixed assets, cash to be paid in subsequent period
9	-	246	-72	107	-	525	-958	1,231	-	-235	715	1,101	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued purchase of project assets, cash to be paid in subsequent period
495	-	1,826	-1,157	2,050	-	522	-246	1,750	-	2,482	-626	741	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued purchase of project assets
495	-	1,826	-1,157	2,050	-	522	-246	1,750	-	2,482	-626	741	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued grant awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,099	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued Sale of Common Stock
-	-	-	-	-	-	-	-	-	-	-	-	159	-	-	-35	475	-	-	488	33	-	-	885	0	-	-	-	-	-	-	-	-	-	-	-	-
Stock Issued During Period, Value, Conversion of Convertible Securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Common stock issued for acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3,562	-	0	0	0	-	-	-	-
Accrued Sale of Common Stock Cash Received in Subsequent Period
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-193	193
Accrued fees related to sale of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	112
Series C Preferred Stock [Member]
Preferred share conversions
0	-	3,162	10,355	1,974	-	2,385	8,029	7,569	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series D Preferred Stock [Member]
Preferred share conversions
0	-	20,519	6,305	4,334	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-