Fuel Tech, Inc. (FTEK)

Fuel Tech Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	11.82	8.51	17.58	23.33	35.89	10.64
Short-Term Investments	9.97	10.18	12.14	2.98	-	-
Cash & Short-Term Investments	21.79	18.69	29.71	26.31	35.89	10.64
Cash Growth	-6.30%	-37.09%	12.94%	-26.70%	237.34%	-2.51%
Accounts Receivable	3.55	7.34	6.47	7.58	3.18	6.53
Other Receivables	2.08	2.02	0.26	0.15	0.08	0.02
Receivables	5.64	9.37	6.73	7.73	3.26	6.55
Inventory	0.53	0.4	0.44	0.39	0.35	0.1
Prepaid Expenses	1.19	1.16	1.44	1.4	1.02	1.64
Restricted Cash	-	-	-	-	0.89	1.6
Other Current Assets	-	-	-	-	0.06	0.55
Total Current Assets	29.15	29.62	38.32	35.83	41.47	21.07
Property, Plant & Equipment	5.55	5.67	5.15	4.63	4.85	5.61
Long-Term Investments	9.38	10.88	3.66	6.36	-	-
Goodwill	2.12	2.12	2.12	2.12	2.12	2.12
Other Intangible Assets	0.32	0.33	0.36	0.4	0.45	0.55
Other Long-Term Assets	0.2	0.19	0.78	0.79	1.09	0.73
Total Assets	46.71	48.8	50.39	50.12	49.97	30.09
Accounts Payable	1.59	2.92	2.42	2.71	1.56	2.35
Accrued Expenses	1.52	1.62	1.65	1.33	1	1.83
Current Portion of Leases	0.08	0.08	0.08	0.13	0.11	0.15
Current Unearned Revenue	0.94	1.08	1.38	0.45	0.39	0.85
Other Current Liabilities	0.16	0.16	0.16	0.16	0.16	0.35
Total Current Liabilities	4.29	5.86	5.69	4.77	3.22	5.53
Long-Term Debt	-	-	-	-	-	1.56
Long-Term Leases	0.53	0.55	0.53	0.07	0.12	0.24
Long-Term Deferred Tax Liabilities	0.18	0.18	0.17	0.18	0.14	0.13
Other Long-Term Liabilities	0.28	0.26	0.28	0.27	0.29	0.31
Total Liabilities	5.27	6.84	6.67	5.28	3.77	7.77
Common Stock	0.32	0.32	0.31	0.31	0.31	0.26
Additional Paid-In Capital	165.41	165.3	164.85	164.42	164.2	140.14
Retained Earnings	-120.21	-119.47	-117.53	-115.99	-114.55	-114.6
Treasury Stock	-2.37	-2.35	-2.25	-2.25	-2.23	-2.18
Comprehensive Income & Other	-1.7	-1.84	-1.67	-1.65	-1.53	-1.29
Shareholders' Equity	41.44	41.96	43.71	44.84	46.2	22.32
Total Liabilities & Equity	46.71	48.8	50.39	50.12	49.97	30.09
Total Debt	0.61	0.63	0.61	0.19	0.24	1.94
Net Cash (Debt)	21.18	18.07	29.1	26.12	35.66	8.7
Net Cash Growth	-6.43%	-37.91%	11.42%	-26.75%	309.96%	-17.57%
Net Cash Per Share	0.69	0.59	0.96	0.86	1.20	0.35
Filing Date Shares Outstanding	30.78	30.71	30.39	30.3	30.26	30.23
Total Common Shares Outstanding	30.77	30.71	30.39	30.3	30.26	25.23
Working Capital	24.86	23.76	32.63	31.06	38.24	15.54
Book Value Per Share	1.34	1.36	1.44	1.48	1.52	0.88
Tangible Book Value	39	39.51	41.24	42.33	43.64	19.65
Tangible Book Value Per Share	1.26	1.28	1.35	1.39	1.44	0.78
Land	-	1.05	1.05	1.05	1.05	1.05
Buildings	-	6.63	6.61	6.58	6.58	6.84
Machinery	-	16.36	15.49	15.34	15.23	24.21
Construction In Progress	-	0	0.1	0.03	-	0.01
Order Backlog	-	6.18	7.46	8.2	9.1	5.3

Updated Mar 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q