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BE Price Correlated With Financials For Bloom Energy

Free historical financial statements for Bloom Energy Corp. See how revenue, income, cash flow, and balance sheet financials have changed over 14 quarters since 2019. Compare with BE stock chart to see long term trends.

BE Stock Compared to Quarterly

BE Income Statement

Revenue, Net:243236000
Revenue Per Share:1.3626
Cost of Goods & Services Sold:245206000
Gross Profit:-1970000
Selling, General & Admin Expense:38114000
Research & Development Expense:41614000
Total Operating Expenses:100203000
Operating Income:-121177000
Income Taxes:-12000
Net Income:-121165000
Earnings Per Share, Basic:-0.67
Shares Outstanding, Basic Avg:178507000

BE Cash Flow

Operating Activities Net Income:
Change in Accounts Receiveable:-32870000
Net Cash from Operations:-6071000
Net Cash from Operations Per Share:-0.034
Net Cash from Financing Activities:-46834000
Property, Plant & Equipment Purchases:26218000
Net Cash from Investing Activities:-26218000
Net Change in Cash & Equivalents:-79717000

BE Balance Sheet

Cash and Cash Equivalents:414179000
Accounts Receivable, Net:77972000
Inventories:206707000
Total Current Assets:669249000
Property, Plant & Equipment, Net:628759000
Total Assets:1580833000
Accounts Payable:134020000
Current Portion of Long-Term Debt:27168000
Total Short-Term Liabilities:393688000
Long Term Debt, Non-Current Portion:462093000
Total Liabilities:1517203000

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Blackrock Inc.
15,892,456 sh
251,745 sh
2%
$383,803
$40,801
Vanguard Group Inc
12,547,054 sh
18,508 sh
0%
$303,011
$28,260
Clearbridge Investments, LLC
3,840,712 sh
685,213 sh
22%
$92,753
$23,553
JPMorgan Chase & Co
3,696,230 sh
-328,336 sh
-8%
$89,264
$1,005
Morgan Stanley
3,275,008 sh
-1,148,125 sh
-26%
$79,092
-$17,907
Geode Capital Management, LLC
2,537,970 sh
111,814 sh
5%
$61,291
$8,086
Northern Trust Corp
1,532,690 sh
-44,806 sh
-3%
$37,014
$2,419
Handelsbanken Fonder Ab
1,435,319 sh
343,619 sh
31%
$34,663
$10,722
Elemental Capital Partners LLC
1,343,505 sh
84,459 sh
7%
$32,446
$9,619
Mirae Asset Global Investments Co., Ltd.
1,230,087 sh
308,527 sh
33%
$29,707
$9,498
First Trust Advisors Lp
1,194,438 sh
-69,717 sh
-6%
$28,846
$1,123
Charles Schwab Investment Management Inc
1,062,849 sh
27,186 sh
3%
$25,668
$2,955
Invesco Ltd.
1,018,127 sh
-174,809 sh
-15%
$24,587
-$1,574
Sumitomo Mitsui Trust Holdings, Inc.
956,598 sh
61,068 sh
7%
$23,102
$3,463
Neuberger Berman Group LLC
837,912 sh
-19,092 sh
-2%
$19,723
$1,289
UBS Group Ag
671,581 sh
571,581 sh
572%
$16,218
$14,025
Vontobel Holding Ltd.
626,479 sh
-99,187 sh
-14%
$15,374
-$511
Baird Financial Group, Inc.
602,728 sh
141,738 sh
31%
$14,556
$4,446
Bank Of New York Mellon Corp
566,033 sh
64,919 sh
13%
$13,669
$2,680
Van Eck Associates Corp
532,917 sh
84,901 sh
19%
$12,870
$3,045
COMPANY PROFILE
Nature of Business, Liquidity and Basis of Presentation Nature of Business

We design, manufacture, sell and, in certain cases, install solid-oxide fuel cell systems ("Energy Servers") for on-site power generation. Our Energy Servers utilize an innovative fuel cell technology and provide efficient energy generation with reduced operating costs and lower greenhouse gas emissions as compared to conventional fossil fuel generation. By generating power where it is consumed, our energy producing systems offer increased electrical reliability and improved energy security while providing a path to energy independence.

We continue to monitor and adjust as appropriate our operations in response to the COVID-19 pandemic. There have been a number of supply chain disruptions throughout the global supply chain as countries are in various stages of opening up and demand for certain components increases. Although we were able to find alternatives for many component shortages, we experienced some delays and cost increases with respect to container shortages, ocean shipping and air freight.

Liquidity

We have generally incurred operating losses and negative cash flows from operations since our inception. With the series of new debt offerings, debt extensions and conversions to equity that we completed during 2020 and 2021, we had $291.8 million of total outstanding recourse debt as of December 31, 2021, $283.5 million of which is classified as long-term debt. Our recourse debt scheduled repayments will commence in June 2022.

On October 23, 2021, we entered into a Securities Purchase Agreement (the “SPA”) with SK ecoplant Co., Ltd. (formerly known as SK Engineering and Construction Co., Ltd.) ("SK ecoplant") in connection with a strategic partnership. Pursuant to the SPA, on December 29, 2021, SK ecoplant purchased 10,000,000 shares of zero coupon, non-voting Series A redeemable convertible preferred stock ("RCPS") in Bloom Energy, par value $0.0001 per share, at a purchase price of $25.50 per share for an aggregate purchase price of $255.0 million, including an option to purchase Class A common stock. For more information about the SPA, please see Note 18 - SK ecoplant Strategic Investment , and for more information about our joint venture with SK ecoplant, please see Note 12 - Related Party Transactions .

In November 2021, PPA V entered into $136.0 million, 3.04% Senior Secured Notes due June 30, 2031, which replaces the LIBOR + 2.5% Term Loan due December 2021.

Our future capital requirements will depend on many factors, including our rate of revenue growth, the timing and extent of spending on research and development efforts and other business initiatives, the rate of growth in the volume of system builds and the need for additional manufacturing space, the expansion of sales and marketing activities both in domestic and international markets, market acceptance of our product, our ability to secure financing for customer use of our Energy Servers, the timing of installations, and overall economic conditions including the impact of COVID-19 on our ongoing and future operations.

In the opinion of management, the combination of our existing cash and cash equivalents and operating cash flows is expected to be sufficient to meet our operational and capital cash flow requirements and other cash flow needs for the next 12 months from the date of issuance of this Annual Report on Form 10-K.

Basis of Presentation

We have prepared the consolidated financial statements included herein pursuant to the rules and regulations of the U.S. Securities and Exchange Commission ("SEC"), and as permitted by those rules, including all disclosures required by generally accepted accounting principles as applied in the United States (“U.S. GAAP”). Certain prior period amounts have been reclassified to conform to the current period presentation.

Correction of Previously Issued Consolidated Financial Statements

In preparation of the condensed consolidated f

Data imported from Bloom Energy Corp SEC filings. Check original filings before making any investment decision.