New Fortress Energy Inc
For the period ended Dec 31, 2024. Filed Mar 10, 2025.
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FY2024 · Filed Mar 10, 2025
NFE$4.02-10.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
FINANCIAL INFORMATION
As of December 31, 2024 and 2023
(in thousands of U.S. dollars, except share and per share amounts)
| December 31,2024 | December 31,2023 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $492,881 | $155,414 |
| Restricted cash | 472,696 | 155,400 |
| Receivables, net of allowances of $13,629 and $1,158, respectively | 335,813 | 342,371 |
| Inventory | 103,224 | 113,684 |
| Prepaid expenses and other current assets, net | 205,496 | 213,104 |
| Total current assets | 1,610,110 | 979,973 |
| Construction in progress | 3,574,389 | 5,348,294 |
| Property, plant and equipment, net | 5,842,807 | 2,481,415 |
| Equity method investments | — | 137,793 |
| Right-of-use assets | 618,733 | 588,385 |
| Intangible assets, net | 179,510 | 51,815 |
| Goodwill | 766,350 | 776,760 |
| Deferred tax assets, net | 2,698 | 9,907 |
| Other non-current assets, net | 272,899 | 126,903 |
| Total assets | $12,867,496 | $10,501,245 |
| Liabilities | ||
| Current liabilities | ||
| Current portion of long-term debt and short-term borrowings | $539,132 | $292,625 |
| Accounts payable | 473,736 | 549,489 |
| Accrued liabilities | 391,359 | 471,675 |
| Current lease liabilities | 128,362 | 164,548 |
| Other current liabilities | 174,829 | 227,951 |
| Total current liabilities | 1,707,418 | 1,706,288 |
| Long-term debt | 8,355,703 | 6,510,523 |
| Non-current lease liabilities | 475,161 | 406,494 |
| Deferred tax liabilities, net | 73,198 | 44,444 |
| Other long-term liabilities | 166,358 | 55,627 |
| Total liabilities | 10,777,838 | 8,723,376 |
| Commitments and contingencies (Note 23) | ||
| Series B convertible preferred stock, $0.01 par value, 96,746 shares authorized, issued and outstanding as of December 31, 2024 (0 as of December 31, 2023); aggregate liquidation preference of $96,746 and $0 at December 31, 2024 and December 31, 2023 | 90,570 | — |
| Stockholders’ equity | ||
| Class A common stock, $0.01 par value, 750.0 million shares authorized, 266.5 million issued and outstanding as of December 31, 2024; 205.0 million issued and outstanding as of December 31, 2023 | 2,664 | 2,050 |
| Additional paid-in capital | 1,674,312 | 1,038,530 |
| Retained earnings | 196,363 | 527,986 |
| Accumulated other comprehensive income | 3,089 | 71,528 |
| Total stockholders’ equity attributable to NFE | 1,876,428 | 1,640,094 |
| Non-controlling interest | 122,660 | 137,775 |
| Total stockholders’ equity | 1,999,088 | 1,777,869 |
| Total liabilities and stockholders’ equity | $12,867,496 | $10,501,245 |
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