Aspen Aerogels, Inc. (ASPN)

Aspen Aerogels Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	113.49	139.72	281.34	76.56	16.5	3.63
Cash & Short-Term Investments	113.49	139.72	281.34	76.56	16.5	3.63
Cash Growth	19.91%	-50.34%	267.45%	364.14%	354.06%	9.20%
Accounts Receivable	115.2	70	57.35	20.43	15.7	32.25
Other Receivables	-	2.2	-	-	-	-
Receivables	115.2	72.2	57.35	20.43	15.7	32.25
Inventory	47.43	39.19	22.54	11.99	13.1	8.77
Prepaid Expenses	28.56	14.98	7.24	2.78	1.83	1.11
Restricted Cash	0.39	0.25	1.23	-	-	-
Other Current Assets	0.78	-	-	0.39	-	-
Total Current Assets	305.86	266.33	369.69	112.15	47.12	45.77
Property, Plant & Equipment	471.94	434.44	271.21	69.31	50.22	57.65
Long-Term Deferred Charges	2.69	-	-	0.64	-	-
Other Long-Term Assets	2.1	2.28	2.52	0.86	0.08	0.08
Total Assets	782.59	703.05	643.42	182.95	97.42	103.5
Accounts Payable	42.28	51.09	54.73	17.44	5.35	12.6
Accrued Expenses	26.53	22.81	16	10.82	3.88	8.06
Short-Term Debt	-	-	-	-	-	3.12
Current Portion of Long-Term Debt	26.25	-	-	-	1.61	-
Current Portion of Leases	6.83	1.87	2.37	2.25	1.05	1.04
Current Unearned Revenue	2.41	2.32	5.85	1.32	2.04	5.62
Other Current Liabilities	-	-	-	4.73	-	-
Total Current Liabilities	104.3	78.1	78.95	36.56	13.93	30.43
Long-Term Debt	136.41	114.99	103.58	-	2.06	-
Long-Term Leases	34.23	21.91	13.46	12.99	3.6	4.29
Other Long-Term Liabilities	-	-	-	5	9.99	9.79
Total Liabilities	274.94	214.99	195.98	54.55	29.57	44.51
Additional Paid-In Capital	1,179	1,162	1,075	673.46	575.81	545.14
Retained Earnings	-671.59	-673.6	-627.79	-545.05	-507.96	-486.15
Shareholders' Equity	507.65	488.06	447.44	128.41	67.85	58.99
Total Liabilities & Equity	782.59	703.05	643.42	182.95	97.42	103.5
Total Debt	203.72	138.77	119.4	15.24	8.31	8.45
Net Cash (Debt)	-90.23	0.95	161.93	61.33	8.19	-4.82
Net Cash Growth	-	-99.41%	164.05%	649.25%	-	-
Net Cash Per Share	-1.17	0.01	4.11	2.02	0.31	-0.20
Filing Date Shares Outstanding	82.05	76.66	70.07	33.23	28.3	26.59
Total Common Shares Outstanding	77.16	76.5	69.99	33.22	27.82	24.3
Working Capital	201.56	188.24	290.74	75.6	33.2	15.34
Book Value Per Share	6.58	6.38	6.39	3.87	2.44	2.43
Tangible Book Value	507.65	488.06	447.44	128.41	67.85	58.99
Tangible Book Value Per Share	6.58	6.38	6.39	3.87	2.44	2.43
Buildings	26.91	25.47	24.02	24.02	24.02	24.02
Machinery	207.36	194.83	146.85	136.67	133.66	131.04
Construction In Progress	344.06	314.7	209.06	13.46	1.91	1.31
Leasehold Improvements	24.57	23.51	9.23	3.32	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.