Plug power inc (PLUG)
Income statement / TTM
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'11Sep'10Jun'10
Net revenue:
Net revenue

249,473

230,239

194,843

191,632

169,793

174,632

144,353

125,781

111,336

100,153

100,081

83,047

82,722

82,819

91,781

105,654

109,204

103,288

86,310

74,759

68,071

64,230

50,808

35,554

25,730

26,601

24,490

24,639

24,801

26,108

32,054

32,748

29,436

27,625

21,511

19,145

0

0

0

Gross revenue

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for common stock warrants

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Research and development contract revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,019

2,511

3,616

3,886

4,299

4,083

0

0

0

Licensed technology revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

516

0

0

0

-

-

Net revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

16,722

14,735

0

0

0

Cost of revenue:
Cost of research and development contract revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

2,298

2,359

2,658

2,804

3,116

4,020

5,661

6,232

7,235

7,219

0

0

0

Total cost of revenue

222,194

202,273

178,704

176,346

166,971

172,010

146,895

152,142

138,930

128,242

124,502

87,677

83,425

78,873

100,263

114,441

116,813

113,178

0

0

0

-

-

-

-

-

-

-

-

-

0

0

0

-

26,532

23,508

0

0

0

Provision for loss contracts related to service

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gross loss

27,279

27,966

16,139

15,286

2,822

2,622

-2,542

-26,361

-27,594

-28,089

-24,421

-4,630

-703

3,946

-8,482

-8,787

-7,609

-9,890

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating expenses:
Research and development

36,714

33,675

32,764

33,138

32,632

33,907

34,111

33,145

31,343

28,693

26,204

23,769

22,345

21,177

19,523

18,653

16,877

14,948

12,630

10,143

8,116

6,469

5,073

4,198

3,623

3,121

3,687

4,203

4,957

5,434

6,097

6,291

5,820

5,655

5,733

8,636

0

0

0

Legal reserve

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling, general and administrative

46,022

44,333

42,347

40,599

39,213

38,198

37,628

38,511

44,174

45,010

45,387

44,488

35,143

34,288

35,697

35,262

34,705

34,164

36,302

33,660

31,097

26,601

19,996

17,190

14,966

14,596

12,870

13,170

13,522

14,576

14,051

14,604

14,920

14,545

14,481

21,415

0

0

0

Total operating expenses

82,736

78,008

75,111

73,737

71,845

72,105

71,739

71,656

75,517

73,703

71,591

68,257

57,488

55,465

55,220

53,915

51,582

49,112

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of leased assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

2,284

2,299

2,304

2,306

2,295

2,301

2,317

2,322

2,317

2,299

0

0

0

Operating loss

-55,457

-50,042

-58,972

-58,451

-69,023

-69,483

-74,281

-98,017

-103,111

-101,792

-96,012

-72,887

-58,191

-51,519

-63,702

-62,702

-59,191

-59,002

-48,097

-46,537

-43,314

-37,932

-32,685

-29,990

-29,964

-28,965

-30,539

-34,319

-35,236

-36,671

-33,540

-30,546

-31,649

-31,127

-34,114

-43,934

0

0

0

Interest and other expense, net

-38,740

-35,502

-31,238

-29,100

-27,375

-22,135

-18,581

-14,953

-11,068

-10,100

-14,021

-13,410

-12,367

-10,704

-4,139

-2,034

-854

-349

651

1,287

1,364

1,379

788

186

178

150

137

191

194

226

640

460

329

248

-362

-531

0

0

0

Loss on acquisition activity, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of common stock warrant liability

-

79

985

2,274

902

4,286

4,574

980

-11,650

-15,188

-16,819

-12,966

786

4,344

3,767

3,959

3,170

3,661

-106,998

-108,680

-118,924

-52,260

38,410

29,719

33,462

-37,102

-7,599

-827

3,952

4,845

-6,140

-6,496

0

-

0

0

-

-

-

Interest and other expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

513

545

571

398

292

227

123

261

0

0

0

-

-

-

-

-

-

Gain on sale of equity interest in joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

-

-

-

-

-

-

-

-

Loss before income taxes

-91,992

-85,465

-89,225

-85,277

-95,496

-87,332

-88,288

-111,990

-125,829

-127,080

-126,852

-99,263

-69,772

-57,879

-63,868

-60,687

-56,785

-55,690

-40,166

0

0

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

Interest and other expense and foreign currency gain (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-22

30

190

0

0

0

Income tax benefit

-

-

-

-

-

-9,217

0

0

0

-

-

-

-

-392

0

0

0

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

Change in fair value of auction rate securities repurchase agreement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net trading gain

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net loss attributable to the Company

-91,992

-85,465

-87,589

-81,925

-89,232

-78,115

-80,707

-106,125

-122,876

-127,080

-126,852

-99,263

-69,772

-57,487

-63,476

-60,295

-56,393

-55,690

-37,646

-36,784

-23,681

-88,488

-110,208

-116,752

-129,950

-62,670

-42,266

-36,696

-33,855

-31,862

-30,555

-26,520

-26,793

-27,453

-29,577

-41,803

0

0

0

Preferred stock dividends declared and accretion of discount

13

52

104

104

91

52

3,060

3,072

3,085

3,098

103

104

104

104

105

104

105

105

104

105

130

156

181

173

0

-

0

0

-

-

0

-

-

-

-

-

-

-

-

Net loss attributable to common stockholders

-91,992

-85,500

-87,689

-82,025

-89,319

-78,167

-83,767

-109,197

-125,961

-130,178

-126,955

-99,367

-69,876

-57,591

-63,581

-60,399

-56,498

-55,795

-37,750

-36,889

-23,811

-88,644

-110,390

-116,960

-130,123

-62,791

-44,187

-34,719

0

-

0

0

-

-

-

-

-

-

-

Basic and diluted

-0.12

-0.05

-0.09

-0.08

-0.14

-0.08

-0.07

-0.12

-0.09

-0.10

-0.18

-0.19

-0.13

-0.11

-0.07

-0.07

-0.07

-0.15

-0.06

-0.05

-0.06

-

-0.06

-

-0.57

-

-0.19

-

-0.18

-0.21

-0.27

-0.17

-0.28

-0.22

-0.28

-0.41

-0.55

-0.71

-1.41

Weighted average number of common stock outstanding

305,192

260,131

236,759

231,114

220,605

215,275

218,953

214,315

226,985

228,117

225,762

220,310

191,185

181,695

180,375

180,282

180,125

180,094

177,369

173,439

173,365

-

169,557

-

133,750

-

84,150

-

-

38,237

37,977

37,853

23,437

22,890

22,676

16,320

13,225

13,150

13,116

Basic (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.02

-

-

-

-0.14

-

-

-

-

-

-

-

-

-

-

-

Diluted (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.02

-

-

-

-0.14

-

-

-

-

-

-

-

-

-

-

-

Basic weighted average number of common shares outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

169,557

159,916

-

-

-

68,662

-

-

-

-

-

-

-

-

-

-

-

Diluted weighted average number of common shares outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

176,157

-

-

-

68,662

48,566

-

-

-

-

-

-

-

-

-

-

Sales of fuel cell systems and related infrastructure
Net revenue

167,727

149,884

120,447

118,950

99,223

107,292

79,915

81,307

71,047

62,631

68,810

36,403

36,964

39,985

49,464

68,588

78,130

78,002

68,499

56,317

50,233

48,306

33,995

23,935

16,936

18,446

0

0

0

-

-

-

-

-

-

-

-

-

-

Total cost of revenue

108,282

96,859

81,952

84,390

76,638

84,439

63,344

71,587

62,651

54,815

57,759

26,329

27,931

29,543

41,782

59,812

66,522

67,703

60,530

49,317

45,012

43,378

31,025

23,877

18,770

20,414

0

0

0

-

-

-

-

-

-

-

-

-

-

Services performed on fuel cell systems and related infrastructure
Net revenue

25,395

25,217

23,217

22,453

22,862

22,002

20,117

17,178

16,536

16,202

14,366

16,912

17,223

17,347

20,325

19,117

16,640

14,012

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total cost of revenue

30,859

28,801

25,361

24,202

24,087

23,698

20,788

20,017

18,982

19,814

19,046

18,996

19,854

19,071

23,479

24,508

23,950

22,937

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Power Purchase Agreements
Net revenue

26,239

25,853

24,520

24,476

23,607

22,869

21,641

14,423

13,930

12,869

11,654

17,175

15,292

13,687

11,744

9,432

7,447

5,718

-7,658

-2,289

1,048

2,137

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

Total cost of revenue

45,301

40,056

37,170

35,584

36,509

36,161

36,429

35,515

33,327

31,292

27,558

24,169

20,335

16,601

13,113

10,066

7,383

5,253

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fuel delivered to customers
Net revenue

29,850

29,099

26,524

25,753

24,101

22,469

20,855

10,920

9,626

8,167

6,687

13,745

12,397

10,916

9,301

7,936

6,426

5,075

4,245

3,072

2,271

1,959

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

Total cost of revenue

37,471

36,357

34,071

32,170

29,737

27,712

26,327

24,878

23,760

22,013

19,828

17,697

15,602

13,864

11,886

10,355

8,230

6,695

-12,832

-5,763

-938

2,204

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

Other
Net revenue

0

-

0

-

-

-

-

-

-

284

384

632

846

884

947

581

561

481

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total cost of revenue

0

-

0

-

-

-

-

-

-

308

311

486

774

865

1,024

721

678

540

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-