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PLUG - Plug Power Inc.

NASDAQ -> Industrials -> Electrical Equipment & Parts
Latham, United States

PLUG price evolution
PLUG
Balance Sheet
(in millions $) 30 Jun 2021 31 Mar 2021 31 Dec 2020 30 Sep 2020
Current assets
Cash $3589.56 $4693.13 $1634.28 $731.37
Short term investments $1363.02 $405.26
Net receivables $91.36 $42.63 $43.04 $113.13
Inventory $209.82 $187.73 $139.39 $134.31
Total current assets $4966.41 $5096.18 $1602.93 $778.01
Long term investments
Property, plant & equipment $352.12 $292.81 $273.1 $374.3
Goodwill & intangible assets $110.14 $110.36 $111.64 $111.13
Total noncurrent assets $822.41 $690.06 $648.09 $722.62
Total investments $1363.02 $405.26
Total assets $5788.83 $5786.24 $2416.14 $1500.63
Current liabilities
Accounts payable $70.03 $47.17 $50.05 $58.79
Deferred revenue $72.28 $57.56 $56.22 $46.87
Short long term debt $86.89 $74.11 $73.32 $138.52
Total current liabilities $251.08 $191.81 $236 $263.85
Long term debt $618.63 $594.33 $236.08 $562.62
Total noncurrent liabilities $706.88 $675.37 $562 $619.33
Total debt $705.53 $668.43 $715.12 $701.14
Total liabilities $957.96 $867.18 $910.1 $883.18
Shareholders' equity
Retained earnings -$2097.32 -$1997.68 -$1907.52 -$1431.34
Other shareholder equity $0.03 $1.42 $2.56 $1.96
Total shareholder equity $4830.87 $4919.06 $1466.92 $617.44
(in millions $) 31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017
Current assets
Cash $1634.28 $369.5 $110.15 $68.06
Short term investments
Net receivables $43.04 $25.45 $37.35 $15.33
Inventory $139.39 $72.39 $47.91 $48.78
Total current assets $1602.93 $313.34 $155.62 $119.61
Long term investments
Property, plant & equipment $273.1 $259.7 $159.62 $97.48
Goodwill & intangible assets $111.64 $14.38 $12.91 $13.23
Total noncurrent assets $648.09 $457.84 $234.71 $151.2
Total investments
Total assets $2416.14 $771.18 $390.33 $270.81
Current liabilities
Accounts payable $50.05 $40.38 $34.82 $42.36
Deferred revenue $56.22 $35.06 $40.08 $34.44
Short long term debt $73.32 $75.97 $91.07 $53.27
Total current liabilities $236 $150.79 $146.37 $115.72
Long term debt $236.08 $461.18 $181.46 $50.44
Total noncurrent liabilities $562 $484.56 $209.6 $80.73
Total debt $715.12 $537.15 $272.52 $103.71
Total liabilities $910.1 $635.36 $355.97 $196.46
Shareholders' equity
Retained earnings -$1907.52 -$1345.81 -$1260.29 -$1178.64
Other shareholder equity $2.56 $1.4 $1.58 $2.19
Total shareholder equity $1466.92 $134.68 $2.71 $73.65
Income Statement
(in millions $) 30 Jun 2021 31 Mar 2021 31 Dec 2020 30 Sep 2020
Revenue
Total revenue $124.56 $71.96 -$309.11 $106.99
Cost of revenue $164.85 $84.13 $159.62 $108.28
Gross Profit -$40.3 -$12.17 -$468.73 -$1.29
Operating activities
Research & development $11.25 $9.74 -$4.29 $11.96
Selling, general & administrative $38.65 $25.58 $32.4 $14.28
Total operating expenses $49.9 $35.32 $34.55 $26.24
Operating income -$90.2 -$47.49 -$503.28 -$27.53
Income from continuing operations
EBIT -$89.37 -$48.48 -$498.84 -$28.66
Income tax expense -$6.66 -$6.52
Interest expense $10.27 $12.27 $18.46 $17.24
Net income
Net income -$99.63 -$60.75 -$510.64 -$39.38
Income (for common shares) -$99.63 -$60.75 -$510.65 -$39.38
(in millions $) 31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017
Revenue
Total revenue -$93.24 $230.24 $174.63 $103.26
Cost of revenue $376.18 $202.27 $172.01 $131.35
Gross Profit -$469.42 $27.97 $2.62 -$28.09
Operating activities
Research & development $27.85 $33.67 $33.91 $28.69
Selling, general & administrative $79.35 $44.33 $38.2 $45.01
Total operating expenses $113.63 $78.01 $72.11 $73.7
Operating income -$583.04 -$50.04 -$69.48 -$101.79
Income from continuing operations
EBIT -$566.52 -$49.96 -$65.2 -$116.98
Income tax expense -$30.84 -$9.22
Interest expense $60.48 $35.5 $22.14 $10.1
Net income
Net income -$596.15 -$85.47 -$78.11 -$127.08
Income (for common shares) -$596.18 -$85.52 -$78.17 -$130.18
Cash Flow
(in millions $) 30 Jun 2021 31 Mar 2021 31 Dec 2020 30 Sep 2020
Net income -$99.63 -$60.75 -$510.64 -$39.38
Operating activities
Depreciation $4.58 $5.88 $5.35 $4.04
Business acquisitions & disposals $0.17
Stock-based compensation $11.12 $9.7 $7.88 $3.07
Total cash flows from operations -$129.54 -$117.1 $1.43 -$45.66
Investing activities
Capital expenditures -$27.45 -$13.21 -$23.3 -$13.7
Investments -$959.39 -$405.17
Total cash flows from investing -$986.84 -$418.38 -$23.62 -$15.16
Financing activities
Dividends paid
Sale and purchase of stock -$0 $3592.53 $919.75 $352.2
Net borrowings $12.92 -$13.61 -$11.06 $56.82
Total cash flows from financing $12.92 $3594.37 $924.94 $409.02
Effect of exchange rate -$0.11 -$0.05 $0.15 -$0.08
Change in cash and equivalents -$1103.57 $3058.84 $902.91 $348.12
(in millions $) 31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017
Net income -$596.15 -$85.47 -$78.11 -$127.08
Operating activities
Depreciation $15.57 $12.69 $11.71 $9.78
Business acquisitions & disposals -$45.11
Stock-based compensation $17.14 $10.89 $8.77 $9.21
Total cash flows from operations -$155.48 -$51.52 -$57.62 -$60.18
Investing activities
Capital expenditures -$48.26 -$14.24 -$19.57 -$44.36
Investments
Total cash flows from investing -$95.33 -$14.24 -$19.57 -$44.36
Financing activities
Dividends paid
Sale and purchase of stock $1287.48 $159.65 -$36.17 $23.09
Net borrowings $203.89 $71.7 $48.4 $34.59
Total cash flows from financing $1515.53 $325.06 $119.34 $83.01
Effect of exchange rate $0.07 $0.05 -$0.06 $0.35
Change in cash and equivalents $1264.78 $259.35 $42.1 -$21.19
Fundamentals
Market cap $18.27B
Enterprise value $15.39B
Shares outstanding 574.36M
Revenue -$5.61M
EBITDA -$645.51M
EBIT -$665.35M
Net Income -$710.40M
Revenue Q/Q 82.98%
Revenue Y/Y -102.13%
P/E ratio -25.72
EV/Sales -2.75K
EV/EBITDA -23.84
EV/EBIT -23.13
P/S ratio -3.26K
P/B ratio 3.78
Book/Share 8.41
Cash/Share 6.25
EPS -$1.24
ROA -18.34%
ROE -24.01%
Debt/Equity 0.62
Net debt/EBITDA 4.08
Current ratio 19.78
Quick ratio 18.94