Fluence Energy Inc
For the period ended Dec 31, 2023. Filed Feb 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 8, 2024
FLNC$4.91-9.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(U.S. Dollars in Thousands, except share and per share amounts)
| Unaudited | ||
|---|---|---|
| December 31,2023 | September 30,2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $317,614 | $345,896 |
| Restricted cash | 135,864 | 106,835 |
| Trade receivables, net | 172,021 | 103,397 |
| Unbilled receivables | 182,232 | 192,064 |
| Receivables from related parties | 75,427 | 58,514 |
| Advances to suppliers | 112,570 | 107,947 |
| Inventory, net | 564,466 | 224,903 |
| Current portion of notes receivable - pledged as collateral | 55,251 | 24,330 |
| Other current assets | 50,054 | 31,074 |
| Total current assets | 1,665,499 | 1,194,960 |
| Non-current assets: | ||
| Property and equipment, net | $13,427 | $12,771 |
| Intangible assets, net | 56,780 | 55,752 |
| Goodwill | 27,535 | 26,020 |
| Deferred income tax asset | 86 | 86 |
| Note receivable - pledged as collateral | — | 30,921 |
| Other non-current assets | 52,167 | 31,639 |
| Total non-current assets | 149,995 | 157,189 |
| Total assets | $1,815,494 | $1,352,149 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $318,548 | $62,899 |
| Deferred revenue | 382,832 | 273,164 |
| Current portion of borrowings against note receivable - pledged as collateral | 51,621 | 22,539 |
| Personnel related liabilities | 18,783 | 52,174 |
| Accruals and provisions | 172,009 | 172,223 |
| Payables and deferred revenue with related parties | 265,048 | 116,488 |
| Taxes payable | 30,994 | 29,465 |
| Other current liabilities | 12,087 | 16,711 |
| Total current liabilities | 1,251,922 | 745,663 |
| Non-current liabilities: | ||
| Deferred income tax liability | 5,370 | 4,794 |
| Borrowings against note receivable - pledged as collateral | — | 28,024 |
| Other non-current liabilities | 19,047 | 17,338 |
| Total non-current liabilities | 24,417 | 50,156 |
| Total liabilities | 1,276,339 | 795,819 |
| Stockholders’ Equity: | ||
| Preferred stock, $0.00001 per share, 10,000,000 shares authorized; no shares issued and outstanding as of December 31, 2023 and September 30, 2023 | — | — |
| Class A common stock, $0.00001 par value per share, 1,200,000,000 shares authorized; 127,657,916 shares issued and 126,967,942 shares outstanding as of December 31, 2023; 119,593,409 shares issued and 118,903,435 shares outstanding as of September 30, 2023, respectively | 1 | 1 |
| Class B-1 common stock, $0.00001 par value per share, 200,000,000 shares authorized; 51,499,195 shares issued and outstanding as of December 31, 2023; 58,586,695 shares issued and outstanding as of September 30, 2023, respectively | — | — |
| Class B-2 common stock, $0.00001 par value per share, 200,000,000 shares authorized; 0 shares issued and outstanding as of December 31, 2023 and September 30, 2023 | — | — |
| Treasury stock, at cost | (7,797) | (7,797) |
| Additional paid-in capital | 610,230 | 581,104 |
| Accumulated other comprehensive income | 4,382 | 3,202 |
| Accumulated deficit | (190,907) | (174,164) |
| Total stockholders’ equity attributable to Fluence Energy, Inc. | 415,909 | 402,346 |
| Non-Controlling interests | 123,246 | 153,984 |
| Total stockholders’ equity | 539,155 | 556,330 |
| Total liabilities and stockholders’ equity | $1,815,494 | $1,352,149 |
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