Fluence Energy Inc
For the period ended Sep 30, 2024. Filed Nov 29, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Nov 29, 2024
FLNC$5.40+2.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated balance sheets
(U.S. Dollars in Thousands, except per share or share amounts)
| September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $448,685 | $345,896 |
| Restricted cash | 46,089 | 106,835 |
| Trade receivables, net | 216,458 | 103,397 |
| Unbilled receivables | 172,115 | 192,064 |
| Receivables from related parties | 362,523 | 58,514 |
| Advances to suppliers | 174,532 | 107,947 |
| Inventory, net | 182,601 | 224,903 |
| Current portion of notes receivable - pledged as collateral | 30,921 | 24,330 |
| Other current assets | 46,519 | 31,074 |
| Total current assets | 1,680,443 | 1,194,960 |
| Non-current assets: | ||
| Property and equipment, net | 15,350 | 12,771 |
| Intangible assets, net | 60,002 | 55,752 |
| Goodwill | 27,482 | 26,020 |
| Deferred income tax asset, net | 8,880 | 86 |
| Note receivable - pledged as collateral | — | 30,921 |
| Other non-current assets | 110,031 | 31,639 |
| Total non-current assets | 221,745 | 157,189 |
| Total assets | $1,902,188 | $1,352,149 |
| Liabilities, and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $436,744 | $65,376 |
| Deferred revenue | 274,499 | 273,164 |
| Deferred revenue with related parties | 38,162 | 110,274 |
| Current portion of borrowings against note receivable - pledged as collateral | 30,360 | 22,539 |
| Personnel related liabilities | 58,584 | 52,174 |
| Accruals and provisions | 338,311 | 175,960 |
| Taxes payable | 57,929 | 29,465 |
| Other current liabilities | 24,246 | 16,711 |
| Total current liabilities | 1,258,835 | 745,663 |
| Non-current liabilities: | ||
| Deferred income tax liability | 7,114 | 4,794 |
| Borrowings against note receivable - pledged as collateral | — | 28,024 |
| Other non-current liabilities | 29,100 | 17,338 |
| Total non-current liabilities | 36,214 | 50,156 |
| Total liabilities | 1,295,049 | 795,819 |
| Commitments and Contingencies (Note 14) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.00001 per share, 10,000,000 share authorized; no shares issued and outstanding as of September 30, 2024 and 2023 | — | — |
| Class A common stock, $0.00001 par value per share, 1,200,000,000 shares authorized; 130,207,845 shares issued and 129,421,797 shares outstanding as of September 30, 2024; 119,593,409 shares issued and 118,903,435 shares outstanding as of September 30, 2023 | 1 | 1 |
| Class B-1 common stock, $0.00001 par value per share, 134,325,805 shares authorized; 51,499,195 shares issued and outstanding as of September 30, 2024; $0.00001 par value per share, 200,000,000 shares authorized; 58,586,695 shares issued and outstanding as of September 30, 2023 | — | — |
| Class B-2 common stock, $0.00001 par value per share, 200,000,000 shares authorized; no shares issued and outstanding as of September 30, 2024 and 2023 | — | — |
|---|---|---|
| Treasury stock, at cost | (9,460) | (7,797) |
| Additional paid-in capital | 634,851 | 581,104 |
| Accumulated other comprehensive (loss) income | (1,840) | 3,202 |
| Accumulated deficit | (151,448) | (174,164) |
| Total stockholders’ equity attributable to Fluence Energy, Inc. | 472,104 | 402,346 |
| Non-controlling interest | 135,035 | 153,984 |
| Total stockholders’ equity | 607,139 | 556,330 |
| Total liabilities, stockholders’ equity | $1,902,188 | $1,352,149 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.