Ballard Power Systems 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	525.74	603.95	751.13	913.73	1,124	763.43
Short-Term Investments	2.11	2.1	2.11	2.01	3	2
Cash & Short-Term Investments	527.85	606.05	753.24	915.74	1,127	765.43
Cash Growth	-17.16%	-19.54%	-17.75%	-18.74%	47.22%	417.91%
Accounts Receivable	28.08	27.33	50.76	38.59	39.81	51.53
Other Receivables	4.36	4.65	7.81	10.1	6.59	5.27
Receivables	32.43	31.98	58.57	48.7	46.4	56.8
Inventory	59.87	56.42	45.87	58.05	51.52	28.52
Prepaid Expenses	3.29	3.74	6.52	7.22	4.34	2.94
Other Current Assets	-	0.69	0.54	-1.2	0.03	0.63
Total Current Assets	623.45	698.88	864.74	1,029	1,229	854.32
Property, Plant & Equipment	30.29	30.42	116.33	82.36	56.06	49.33
Long-Term Investments	54.68	45.75	54.25	66.36	70.29	27.57
Goodwill	-	-	40.28	64.27	64.27	40.28
Other Intangible Assets	1.55	1.76	1.41	5.21	20.79	3.76
Other Long-Term Assets	0.5	0.5	0.55	0.37	0.35	0.34
Total Assets	710.46	777.31	1,078	1,247	1,441	975.6
Accounts Payable	18.02	12.3	13.72	20.44	13.69	9.07
Accrued Expenses	9.99	17.11	19.24	13.25	15.83	14.42
Current Portion of Leases	3.28	2.9	4.51	3.9	3.24	2.69
Current Income Taxes Payable	0.19	0.65	1.11	0.59	0.91	1.08
Current Unearned Revenue	10.86	6.64	4.59	8.03	12.11	9.89
Other Current Liabilities	32.47	35.99	27.43	26.97	37.39	14.94
Total Current Liabilities	74.81	75.59	70.59	73.17	83.16	52.09
Long-Term Leases	19.28	21	13.39	11.84	13.88	15.18
Long-Term Unearned Revenue	6.78	5.06	0.49	0.9	1.32	1.73
Pension & Post-Retirement Benefits	0.09	0.1	-0.48	0.46	1.89	3.94
Long-Term Deferred Tax Liabilities	-	-	-	-	3.58	-
Other Long-Term Liabilities	2.68	2.58	2.34	1.81	8.9	1.76
Total Liabilities	103.64	104.32	86.33	88.17	112.73	74.71
Common Stock	2,432	2,429	2,426	2,420	2,416	1,885
Additional Paid-In Capital	310.36	309.97	306.04	300.76	297.82	290.76
Retained Earnings	-2,134	-2,061	-1,738	-1,561	-1,388	-1,276
Comprehensive Income & Other	-1.72	-4.77	-2.96	-1.49	1.72	0.91
Total Common Equity	606.82	672.99	991.22	1,159	1,328	900.89
Shareholders' Equity	606.82	672.99	991.22	1,159	1,328	900.89
Total Liabilities & Equity	710.46	777.31	1,078	1,247	1,441	975.6
Total Debt	22.56	23.89	17.9	15.73	17.12	17.87
Net Cash (Debt)	505.29	582.16	735.35	900.01	1,110	747.56
Net Cash Growth	-17.13%	-20.83%	-18.30%	-18.90%	48.45%	483.84%
Net Cash Per Share	1.69	1.95	2.46	3.02	3.76	3.01
Filing Date Shares Outstanding	300.74	299.66	299.04	298.44	297.81	297.09
Total Common Shares Outstanding	300.58	299.44	298.94	298.39	297.7	282.08
Working Capital	548.64	623.29	794.16	955.34	1,146	802.22
Book Value Per Share	2.02	2.25	3.32	3.88	4.46	3.19
Tangible Book Value	605.28	671.23	949.53	1,089	1,243	856.85
Tangible Book Value Per Share	2.01	2.24	3.18	3.65	4.18	3.04
Machinery	-	176.62	156.22	118.35	86.41	74.78
Leasehold Improvements	-	14.35	10.78	9.65	9.45	9.2
Order Backlog	-	173.5	-	-	-	-

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