Plug Power Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	165.9	205.69	135.03	690.63	2,481	1,312
Short-Term Investments	-	-	-	1,468	1,388	-
Cash & Short-Term Investments	165.9	205.69	135.03	2,158	3,870	1,312
Cash Growth	76.60%	52.33%	-93.74%	-44.22%	194.84%	840.82%
Accounts Receivable	192.98	251.3	370.06	191.91	131.31	58.39
Other Receivables	-	31.3	-	3	3.7	-
Receivables	192.98	282.6	370.06	194.91	135.01	58.39
Inventory	555.09	682.64	961.25	645.64	269.16	139.39
Prepaid Expenses	87.66	108.55	104.07	147.39	56.19	28.97
Restricted Cash	189.26	198.01	216.55	158.96	118.63	64.04
Total Current Assets	1,191	1,477	1,787	3,305	4,449	1,603
Property, Plant & Equipment	1,121	1,136	1,893	1,134	500.65	197.29
Long-Term Investments	43.26	85.49	63.78	31.25	12.89	1
Goodwill	-	-	-	248.61	220.44	72.39
Other Intangible Assets	77.95	84.66	188.89	207.73	158.21	39.25
Long-Term Accounts Receivable	22.41	23.96	29.74	41.83	0.12	2.84
Other Long-Term Assets	648.86	795.01	939.94	795.74	609.24	335.32
Total Assets	3,105	3,603	4,903	5,764	5,950	2,251
Accounts Payable	162.22	180.97	257.83	191.9	92.31	50.2
Accrued Expenses	122.36	83.11	116.76	103.34	72.5	46.08
Current Portion of Long-Term Debt	344.55	136.72	76.72	60.54	52.75	50.09
Current Portion of Leases	84.85	89.68	83.16	60.54	40.08	23.23
Current Unearned Revenue	88.17	144.09	204.14	131.81	116.38	43.34
Other Current Liabilities	100.36	113.93	226.19	87.15	46.54	9.42
Total Current Liabilities	902.52	748.49	964.8	635.28	420.55	222.37
Long-Term Debt	332.55	522.19	473.27	454.44	504.53	368.65
Long-Term Leases	229.48	330.04	335.7	323.21	212.79	119.95
Long-Term Unearned Revenue	34.09	58.53	84.16	98.09	66.71	32.94
Other Long-Term Liabilities	107.49	135.83	146.68	193.05	139.8	40.45
Total Liabilities	1,606	1,795	2,005	1,704	1,344	784.36
Common Stock	12.19	9.34	6.25	6.08	5.95	4.74
Additional Paid-In Capital	8,887	8,431	7,495	7,297	7,071	3,447
Retained Earnings	-7,380	-6,594	-4,490	-3,121	-2,397	-1,946
Treasury Stock	-105.8	-108.8	-106.27	-96.26	-72.53	-40.43
Comprehensive Income & Other	3.78	-2.5	-6.8	-26	-1.53	2.45
Total Common Equity	1,417	1,734	2,898	4,060	4,606	1,467
Minority Interest	81.99	73.62	-	-	-	-
Shareholders' Equity	1,499	1,808	2,898	4,060	4,606	1,467
Total Liabilities & Equity	3,105	3,603	4,903	5,764	5,950	2,251
Total Debt	991.43	1,079	968.85	898.73	810.15	561.93
Net Cash (Debt)	-825.53	-872.94	-833.82	1,260	3,059	750.48
Net Cash Growth	-	-	-	-58.83%	307.66%	-
Net Cash Per Share	-0.80	-1.11	-1.40	2.17	5.48	2.12
Filing Date Shares Outstanding	1,373	925.18	684.26	593.39	577.86	568.32
Total Common Shares Outstanding	1,201	913.9	606.14	590.35	577.65	458.05
Working Capital	288.37	729	822.17	2,670	4,028	1,381
Book Value Per Share	1.18	1.90	4.78	6.88	7.97	3.20
Tangible Book Value	1,339	1,649	2,709	3,604	4,227	1,355
Tangible Book Value Per Share	1.12	1.80	4.47	6.10	7.32	2.96
Land	-	5.6	6.05	1.77	1.17	1.17
Machinery	-	343.09	77.11	48.15	-	-
Construction In Progress	-	502.94	1,110	575.14	169.42	15.59
Leasehold Improvements	-	15.63	95.23	21.36	2.1	1.12

Source: S&P Global Market Intelligence. Standard template. Financial Sources.