Cash flow Clean Energy Fuels Corp.

Equities

CLNE

US1844991018

Oil & Gas Refining and Marketing

Market Closed - Nasdaq Other stock markets 04:00:00 2025-01-24 pm EST			5-day change	1st Jan Change
3.150 ^USD	+5.70%		+9.38%	+25.50%

Dec. 11	Clean Energy Wins Riverside Transit Agency Contract to Set Up New Hydrogen Station in California	MT
Dec. 11	Clean Energy to Design and Build New Hydrogen Station for Riverside Transit Agency	CI

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Published financial data: CLEAN ENERGY FUELS CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	344M	292M	256M	420M	425M
Total Revenues	344M	292M	256M	420M	425M
Cost of Goods Sold, Total	212M	185M	216M	308M	344M
Gross Profit	132M	106M	40.04M	112M	81.54M
Selling General & Admin Expenses, Total	73.44M	68.52M	89.91M	109M	112M
Depreciation & Amortization - (IS)	49.62M	47.68M	45.18M	54.67M	45.67M
Other Operating Expenses	-	-	-	-	-
Other Operating Expenses, Total	123M	116M	135M	164M	158M
Operating Income	8.89M	-9.88M	-95.05M	-51.71M	-76.4M
Interest Expense, Total	-7.57M	-7.35M	-4.43M	-6.31M	-22.92M
Interest And Investment Income	2.44M	1.34M	1.08M	3.37M	11.15M
Net Interest Expenses	-5.14M	-6M	-3.35M	-2.93M	-11.78M
Income (Loss) On Equity Invest.	-119K	539K	-430K	-4.82M	-12.51M
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	493K	190K	2.27M	95K	165K
EBT, Excl. Unusual Items	4.13M	-15.16M	-96.56M	-59.37M	-101M
Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Assets	9.99M	3.94M	2.52M	-	-
Asset Writedown	-	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	14.12M	-11.22M	-94.04M	-59.37M	-101M
Income Tax Expense	858K	309K	119K	220K	-423K
Earnings From Continuing Operations	13.26M	-11.53M	-94.16M	-59.59M	-100M
Net Income to Company	13.26M	-11.53M	-94.16M	-59.59M	-100M
Minority Interest	7.16M	1.66M	1.01M	857K	601K
Net Income - (IS)	20.42M	-9.86M	-93.15M	-58.73M	-99.5M
Net Income to Common Incl Extra Items	20.42M	-9.86M	-93.15M	-58.73M	-99.5M
Net Income to Common Excl. Extra Items	20.42M	-9.86M	-93.15M	-58.73M	-99.5M
Per Share Items
Net EPS - Basic	0.1	-0.05	-0.44	-0.26	-0.45
Basic EPS - Continuing Operations	0.1	-0.05	-0.44	-0.26	-0.45
Basic Weighted Average Shares Outstanding	205M	201M	213M	222M	223M
Net EPS - Diluted	0.1	-0.05	-0.44	-0.26	-0.45
Diluted EPS - Continuing Operations	0.1	-0.05	-0.44	-0.26	-0.45
Diluted Weighted Average Shares Outstanding	206M	201M	213M	222M	223M
Normalized Basic EPS	0.05	-0.04	-0.28	-0.16	-0.28
Normalized Diluted EPS	0.05	-0.04	-0.28	-0.16	-0.28
Supplemental Items
EBITDA	54.61M	35.3M	-51.46M	1.27M	-32.63M
EBITA	9.89M	-9.08M	-94.55M	-51.71M	-76.4M
EBIT	8.89M	-9.88M	-95.05M	-51.71M	-76.4M
EBITDAR	65.74M	44.29M	-41.35M	14.25M	-12M
Total Revenues (As Reported)	344M	292M	256M	420M	425M
Effective Tax Rate - (Ratio)	6.08	-2.75	-0.13	-0.37	0.42
Current Domestic Taxes	116K	80K	54K	47K	92K
Current Foreign Taxes	4K	109K	-4K	-	-
Total Current Taxes	120K	189K	50K	47K	92K
Deferred Domestic Taxes	738K	120K	69K	173K	-515K
Deferred Foreign Taxes	-	-	-	-	-
Total Deferred Taxes	738K	120K	69K	173K	-515K
Normalized Net Income	9.74M	-7.81M	-59.34M	-36.25M	-62.22M
Interest Capitalized	441K	57K	-	-	2.59M
Interest on Long-Term Debt	7.57M	7.35M	4.43M	6.31M	22.92M
Supplemental Operating Expense Items
Advertising Expense	1.2M	-	-	-	-
Selling and Marketing Expenses	-	-	-	-	-
Net Rental Expense, Total	11.13M	8.99M	10.11M	12.98M	20.63M
Imputed Operating Lease Interest Expense	6.93M	4.49M	3.62M	4.61M	14.98M
Imputed Operating Lease Depreciation	4.2M	4.5M	6.49M	8.37M	5.65M
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	26.47M	23.34M
Stock-Based Comp., Other (Total)	3.88M	2.96M	98.64M	24.3M	60.61M
Total Stock-Based Compensation	3.88M	2.96M	98.64M	50.78M	83.94M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	49.21M	109M	99.45M	124M	105M
Short Term Investments	56.93M	29.53M	130M	140M	158M
Total Cash And Short Term Investments	106M	139M	229M	264M	263M
Accounts Receivable, Total	68.99M	69.24M	93.24M	103M	112M
Other Receivables	78.12M	16.93M	19.61M	11.59M	14.01M
Total Receivables	147M	86.17M	113M	115M	126M
Inventory	29.87M	28.1M	31.3M	37.14M	45.34M
Prepaid Expenses	10.65M	8.43M	34.58M	30.7M	31.08M
Restricted Cash	15K	-	-	2M	2M
Other Current Assets, Total	-	1.84M	2.04M	23.84M	2.59M
Total Current Assets	294M	263M	410M	472M	470M
Gross Property Plant And Equipment	708M	711M	736M	774M	916M
Accumulated Depreciation	-355M	-394M	-432M	-458M	-492M
Net Property Plant And Equipment	353M	317M	304M	317M	424M
Long-term Investments	26.3M	27.96M	110M	193M	259M
Goodwill	64.33M	64.33M	64.33M	64.33M	64.33M
Other Intangibles, Total	1.23M	464K	5.5M	5.92M	6.36M
Accounts Receivable Long-Term	3.78M	4M	3.53M	2.98M	2.43M
Loans Receivable Long-Term	27.35M	23.05M	47.92M	22.38M	31.27M
Other Long-Term Assets, Total	7.76M	15.31M	11.75M	5.12M	2.04M
Total Assets	777M	715M	957M	1.08B	1.26B
Liabilities
Accounts Payable, Total	27.38M	17.31M	24.35M	44.44M	57M
Accrued Expenses, Total	67.66M	52.35M	75.16M	90.08M	91.53M
Current Portion of Long-Term Debt	56.01M	3.59M	12.84M	93K	38K
Current Portion of Leases	3.97M	3.66M	4.4M	5.15M	8.44M
Unearned Revenue Current, Total	7.34M	2.64M	7.25M	5.97M	4.94M
Other Current Liabilities	204K	283K	1.9M	2.42M	1.88M
Total Current Liabilities	163M	79.84M	126M	148M	164M
Long-Term Debt	32.87M	82.09M	23.22M	145M	261M
Long-Term Leases	28.92M	26.25M	41.86M	51.04M	90.9M
Unearned Revenue Non Current	6.34M	59K	-	-	-
Other Non Current Liabilities	3.36M	3.94M	10.68M	10.22M	9.96M
Total Liabilities	234M	192M	202M	355M	526M
Common Stock, Total	20K	20K	22K	22K	22K
Additional Paid In Capital	1.2B	1.19B	1.52B	1.55B	1.66B
Retained Earnings	-668M	-678M	-771M	-830M	-929M
Comprehensive Income and Other	-1.57M	-209K	-1.62M	-3.72M	-2.12M
Total Common Equity	533M	514M	747M	720M	727M
Minority Interest	9.62M	9.34M	8.34M	7.48M	6.88M
Total Equity	543M	523M	755M	727M	734M
Total Liabilities And Equity	777M	715M	957M	1.08B	1.26B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	206M	199M	223M	223M	223M
ECS Total Common Shares Outstanding	205M	198M	223M	222M	223M
Book Value / Share	2.61	2.59	3.35	3.24	3.26
Tangible Book Value	468M	449M	677M	650M	656M
Tangible Book Value Per Share	2.29	2.26	3.04	2.92	2.94
Total Debt	122M	116M	82.32M	202M	361M
Net Debt	15.64M	-22.91M	-147M	-61.76M	97.36M
Debt Equivalent Oper. Leases	89.03M	71.93M	80.9M	104M	165M
Minority Interest, Total (Incl. Fin. Div)	9.62M	9.34M	8.34M	7.48M	6.88M
Equity Method Investments, Total	23.7M	24.7M	78M	164M	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	29.87M	-	-	-	-
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	-	-	-	-	-
Land - (BS)	3.48M	3.48M	3.48M	3.48M	7.4M
Machinery, Total	600M	609M	615M	627M	691M
Full Time Employees	412	465	482	496	566
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	2.41M	1.34M	1.2M	1.38M	1.48M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	20.42M	-9.86M	-93.15M	-58.73M	-99.5M
Depreciation & Amortization - CF	47.96M	44.38M	43.08M	52.97M	43.77M
Amortization of Goodwill and Intangible Assets - (CF)	1M	800K	500K	-	-
Depreciation & Amortization, Total	48.96M	45.18M	43.58M	52.97M	43.77M
Amortization of Deferred Charges, Total - (CF)	3.9M	2.5M	1.62M	1.7M	1.9M
(Gain) Loss From Sale Of Asset	-9.99M	-3.94M	-2.52M	12K	863K
Asset Writedown & Restructuring Costs	-	-	-	-	634K
(Income) Loss On Equity Investments - (CF)	119K	-539K	430K	4.82M	12.51M
Stock-Based Compensation (CF)	3.88M	2.96M	98.64M	50.78M	83.94M
Provision and Write-off of Bad Debts	2.59M	2.66M	1.26M	2.04M	1.77M
Other Operating Activities, Total	-1.61M	239K	7.17M	3.9M	6.56M
Change In Accounts Receivable	-63.41M	53.78M	-24.26M	-1.07M	-7.71M
Change In Inventories	3.44M	108K	-5.7M	-9.32M	-11.39M
Change In Accounts Payable	9.32M	-9.34M	6.62M	9.32M	14.77M
Change in Unearned Revenues	-3.53M	-10.98M	4.55M	-1.28M	-883K
Change in Other Net Operating Assets	-1.81M	-11.74M	3.06M	11.59M	-3.46M
Cash from Operations	12.28M	61.04M	41.3M	66.73M	43.78M
Capital Expenditure	-27.09M	-13.27M	-28.9M	-53.5M	-121M
Sale of Property, Plant, and Equipment	15.35M	9.5M	3.83M	4.24M	262K
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	9.62M	26.91M	-179M	-98.09M	-85.42M
Net (Increase) Decrease in Loans Originated / Sold - Investing	608K	1.03M	-3.48M	-1.19M	-1.24M
Other Investing Activities, Total	-	-	-	-	5.67M
Cash from Investing	-1.5M	24.17M	-208M	-149M	-202M
Short Term Debt Issued, Total	-	-	1.45M	1.7M	-
Long-Term Debt Issued, Total	15.29M	65.86M	4.4M	160M	300M
Total Debt Issued	15.29M	65.86M	5.85M	162M	300M
Short Term Debt Repaid, Total	-	-	-1.45M	-1.7M	-
Long-Term Debt Repaid, Total	-7.8M	-70.4M	-50.74M	-50M	-151M
Total Debt Repaid	-7.8M	-70.4M	-52.19M	-51.7M	-151M
Issuance of Common Stock	309K	1.68M	204M	1.36M	242K
Repurchase of Common Stock	-	-14.65M	-2.92M	-6.12M	-175K
Other Financing Activities, Total	-123K	-1.15M	-2.37M	-3.48M	-10.05M
Cash from Financing	7.68M	-18.66M	153M	102M	139M
Foreign Exchange Rate Adjustments	136K	201K	8K	-345K	128K
Net Change in Cash	18.6M	66.76M	-13.52M	19.49M	-18.99M
Supplemental Items
Cash Interest Paid	6.79M	5.62M	3.91M	1.87M	16.36M
Cash Income Tax Paid (Refund)	36K	8K	15K	68K	77K
Levered Free Cash Flow	654K	59.73M	32.6M	22.49M	-40.12M
Unlevered Free Cash Flow	5.39M	64.32M	35.35M	26.43M	-25.8M
Change In Net Working Capital	29.82M	-33.14M	20.16M	-6.8M	-13.62M
Net Debt Issued / Repaid	7.5M	-4.54M	-46.34M	110M	149M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.75	-0.83	-7.11	-3.17	-4.08
Return on Total Capital	0.87	-0.95	-8.05	-3.66	-4.72
Return On Equity %	2.48	-2.16	-14.73	-8.04	-13.7
Return on Common Equity	3.92	-1.88	-14.78	-8.01	-13.75
Margin Analysis
Gross Profit Margin %	38.35	36.44	15.66	26.76	19.18
SG&A Margin	21.35	23.49	35.17	26.05	26.41
EBITDA Margin %	15.87	12.1	-20.13	0.3	-7.67
EBITA Margin %	2.87	-3.11	-36.98	-12.31	-17.97
EBIT Margin %	2.58	-3.39	-37.18	-12.31	-17.97
Income From Continuing Operations Margin %	3.85	-3.95	-36.83	-14.18	-23.54
Net Income Margin %	5.94	-3.38	-36.44	-13.98	-23.4
Net Avail. For Common Margin %	5.94	-3.38	-36.44	-13.98	-23.4
Normalized Net Income Margin	2.83	-2.68	-23.21	-8.63	-14.64
Levered Free Cash Flow Margin	0.19	20.48	12.75	5.35	-9.44
Unlevered Free Cash Flow Margin	1.57	22.05	13.83	6.29	-6.07
Asset Turnover
Asset Turnover	0.47	0.39	0.31	0.41	0.36
Fixed Assets Turnover	0.98	0.87	0.82	1.35	1.15
Receivables Turnover (Average Receivables)	4.74	4.22	3.15	4.28	3.96
Inventory Turnover (Average Inventory)	6.54	6.4	7.26	8.99	8.33
Short Term Liquidity
Current Ratio	1.81	3.29	3.26	3.18	2.87
Quick Ratio	1.56	2.81	2.72	2.55	2.38
Operating Cash Flow to Current Liabilities	0.08	0.76	0.33	0.45	0.27
Days Sales Outstanding (Average Receivables)	76.94	86.71	115.99	85.2	92.26
Days Outstanding Inventory (Average Inventory)	55.8	57.22	50.28	40.59	43.81
Average Days Payable Outstanding	40.91	44.53	34.75	40.03	52.62
Cash Conversion Cycle (Average Days)	91.83	99.4	131.52	85.76	83.45
Long Term Solvency
Total Debt/Equity	22.43	22.11	10.9	27.73	49.14
Total Debt / Total Capital	18.32	18.11	9.83	21.71	32.95
LT Debt/Equity	11.38	20.72	8.61	27.01	47.98
Long-Term Debt / Total Capital	9.29	16.97	7.77	21.15	32.17
Total Liabilities / Total Assets	30.12	26.88	21.07	32.79	41.75
EBIT / Interest Expense	1.17	-1.35	-21.46	-8.2	-3.33
EBITDA / Interest Expense	8.68	6.03	-9.33	2.26	-0.52
(EBITDA - Capex) / Interest Expense