Fuel Tech, Inc. (FTEK)

Fuel Tech 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	12.27	17.58	23.33	35.89	10.64	10.91
Short-Term Investments	8.16	12.14	2.98	-	-	-
Cash & Short-Term Investments	20.44	29.71	26.31	35.89	10.64	10.91
Cash Growth	-27.75%	12.94%	-26.70%	237.34%	-2.51%	-9.34%
Accounts Receivable	7.17	6.47	7.58	3.18	6.53	6.47
Other Receivables	2.04	0.26	0.15	0.08	0.02	0.01
Receivables	9.2	6.73	7.73	3.26	6.55	6.47
Inventory	0.44	0.44	0.39	0.35	0.1	0.26
Prepaid Expenses	0.84	1.44	1.4	1.02	1.64	1.84
Restricted Cash	-	-	-	0.89	1.6	2.08
Other Current Assets	-	-	-	0.06	0.55	0.04
Total Current Assets	30.92	38.32	35.83	41.47	21.07	21.61
Property, Plant & Equipment	5.12	5.15	4.63	4.85	5.61	6.02
Long-Term Investments	10.88	3.66	6.36	-	-	-
Goodwill	2.12	2.12	2.12	2.12	2.12	2.12
Other Intangible Assets	0.33	0.36	0.4	0.45	0.55	0.91
Other Long-Term Assets	0.76	0.78	0.79	1.09	0.73	0.95
Total Assets	50.12	50.39	50.12	49.97	30.09	31.61
Accounts Payable	3.27	2.42	2.71	1.56	2.35	2.12
Accrued Expenses	0.98	1.65	1.33	1	1.83	1.61
Current Portion of Leases	0.08	0.08	0.13	0.11	0.15	0.18
Current Unearned Revenue	0.82	1.38	0.45	0.39	0.85	0.71
Other Current Liabilities	0.16	0.16	0.16	0.16	0.35	0.17
Total Current Liabilities	5.32	5.69	4.77	3.22	5.53	4.79
Long-Term Debt	-	-	-	-	1.56	-
Long-Term Leases	0.48	0.53	0.07	0.12	0.24	0.18
Long-Term Deferred Tax Liabilities	0.17	0.17	0.18	0.14	0.13	0.17
Other Long-Term Liabilities	0.29	0.28	0.27	0.29	0.31	0.29
Total Liabilities	6.25	6.67	5.28	3.77	7.77	5.43
Common Stock	0.32	0.31	0.31	0.31	0.26	0.25
Additional Paid-In Capital	165.19	164.85	164.42	164.2	140.14	139.56
Retained Earnings	-117.59	-117.53	-115.99	-114.55	-114.6	-110.33
Treasury Stock	-2.35	-2.25	-2.25	-2.23	-2.18	-1.61
Comprehensive Income & Other	-1.7	-1.67	-1.65	-1.53	-1.29	-1.7
Shareholders' Equity	43.86	43.71	44.84	46.2	22.32	26.18
Total Liabilities & Equity	50.12	50.39	50.12	49.97	30.09	31.61
Total Debt	0.56	0.61	0.19	0.24	1.94	0.36
Net Cash (Debt)	19.88	29.1	26.12	35.66	8.7	10.55
Net Cash Growth	-28.59%	11.42%	-26.75%	309.96%	-17.57%	-12.35%
Net Cash Per Share	0.65	0.96	0.86	1.20	0.35	0.44
Filing Date Shares Outstanding	30.71	30.39	30.3	30.26	30.23	24.59
Total Common Shares Outstanding	30.71	30.39	30.3	30.26	25.23	24.59
Working Capital	25.6	32.63	31.06	38.24	15.54	16.82
Book Value Per Share	1.43	1.44	1.48	1.52	0.88	1.06
Tangible Book Value	41.42	41.24	42.33	43.64	19.65	23.15
Tangible Book Value Per Share	1.35	1.35	1.39	1.44	0.78	0.94
Land	-	1.05	1.05	1.05	1.05	1.05
Buildings	-	6.61	6.58	6.58	6.84	6.84
Machinery	-	15.49	15.34	15.23	24.21	23.95
Construction In Progress	-	0.1	0.03	-	0.01	-
Order Backlog	-	7.5	8.2	9.1	5.3	9.7

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