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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	516.77	527.05	603.95	751.13	913.73	1,124
Short-Term Investments	4.09	4.2	2.1	2.11	2.01	3
Cash & Short-Term Investments	520.86	531.25	606.05	753.24	915.74	1,127
Cash Growth	-10.01%	-12.34%	-19.54%	-17.75%	-18.74%	47.22%
Accounts Receivable	13.23	20.77	27.33	50.76	38.59	39.81
Other Receivables	3.45	3.44	4.65	7.81	10.1	6.59
Receivables	16.68	24.2	31.98	58.57	48.7	46.4
Inventory	43.8	43.77	56.42	45.87	58.05	51.52
Prepaid Expenses	2.55	2.21	3.74	6.52	7.22	4.34
Other Current Assets	-	-	0.69	0.54	-1.2	0.03
Total Current Assets	583.88	601.43	698.88	864.74	1,029	1,229
Property, Plant & Equipment	31.52	32.2	30.42	116.33	82.36	56.06
Long-Term Investments	47.04	48.01	45.75	54.25	66.36	70.29
Goodwill	-	-	-	40.28	64.27	64.27
Other Intangible Assets	0.15	0.25	1.76	1.41	5.21	20.79
Other Long-Term Assets	0.5	0.51	0.5	0.55	0.37	0.35
Total Assets	663.1	682.39	777.31	1,078	1,247	1,441
Accounts Payable	14.15	12.01	12.3	13.72	20.44	13.69
Accrued Expenses	8.06	11.79	17.11	19.24	13.25	15.83
Current Portion of Leases	3.44	3.41	2.9	4.51	3.9	3.24
Current Income Taxes Payable	0.2	0.2	0.65	1.11	0.59	0.91
Current Unearned Revenue	7.18	8.41	6.64	4.59	8.03	12.11
Other Current Liabilities	21.53	25.18	35.99	27.43	26.97	37.39
Total Current Liabilities	54.56	60.99	75.59	70.59	73.17	83.16
Long-Term Leases	17.49	18.73	21	13.39	11.84	13.88
Long-Term Unearned Revenue	10.33	9.92	5.06	0.49	0.9	1.32
Pension & Post-Retirement Benefits	0.09	0.09	0.1	-0.48	0.46	1.89
Long-Term Deferred Tax Liabilities	-	-	-	-	-	3.58
Other Long-Term Liabilities	2.69	2.73	2.58	2.34	1.81	8.9
Total Liabilities	85.15	92.46	104.32	86.33	88.17	112.73
Common Stock	2,435	2,433	2,429	2,426	2,420	2,416
Additional Paid-In Capital	307.87	310.04	309.97	306.04	300.76	297.82
Retained Earnings	-2,163	-2,152	-2,061	-1,738	-1,561	-1,388
Comprehensive Income & Other	-1.85	-1.6	-4.77	-2.96	-1.49	1.72
Total Common Equity	577.95	589.93	672.99	991.22	1,159	1,328
Shareholders' Equity	577.95	589.93	672.99	991.22	1,159	1,328
Total Liabilities & Equity	663.1	682.39	777.31	1,078	1,247	1,441
Total Debt	20.93	22.14	23.89	17.9	15.73	17.12
Net Cash (Debt)	499.93	509.11	582.16	735.35	900.01	1,110
Net Cash Growth	-10.01%	-12.55%	-20.83%	-18.30%	-18.90%	48.45%
Net Cash Per Share	1.66	1.70	1.95	2.46	3.02	3.76
Filing Date Shares Outstanding	301.48	300.91	299.66	299.04	298.44	297.81
Total Common Shares Outstanding	301.48	300.78	299.44	298.94	298.39	297.7
Working Capital	529.32	540.44	623.29	794.16	955.34	1,146
Book Value Per Share	1.92	1.96	2.25	3.32	3.88	4.46
Tangible Book Value	577.8	589.68	671.23	949.53	1,089	1,243
Tangible Book Value Per Share	1.92	1.96	2.24	3.18	3.65	4.18
Machinery	-	184.12	176.62	156.22	118.35	86.41
Leasehold Improvements	-	15.05	14.35	10.78	9.65	9.45
Order Backlog	-	119.3	-	-	-	-