BLDP: Ballard Power Systems Inc Financial Statements

Balance sheet, income statement, and cash flow statements for Ballard Power Systems Inc (BLDP).

OverviewDividends

$497.04M Market Cap.

As of 05/07/2025 5:00 PM ET (MRY) • Disclaimer

BLDP Market Cap. (MRY)


BLDP Shares Outstanding (MRY)


BLDP Assets (MRY)


Total Assets

$777.31M

Total Liabilities

$104.32M

Total Investments

$47.86M

BLDP Income (MRY)


Revenue

$69.73M

Net Income

-$324.25M

Operating Expense

$161.32M

BLDP Cash Flow (MRY)


CF Operations

-$108.10M

CF Investing

-$36.51M

CF Financing

-$1.53M

BLDP Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$777,307,000 (-27.86%)

$1,077,542,000 (-13.59%)

$1,247,077,000 (-13.45%)

$1,440,943,000 (47.70%)

Assets Current

$698,878,000 (-19.18%)

$864,741,000 (-15.92%)

$1,028,507,000 (-16.33%)

$1,229,186,000 (43.88%)

Assets Non-Current

$78,429,000 (-63.14%)

$212,801,000 (-2.64%)

$218,570,000 (3.22%)

$211,757,000 (74.60%)

Goodwill & Intangible Assets

$1,757,000 (-95.78%)

$41,683,000 (-40.01%)

$69,482,000 (-18.31%)

$85,056,000 (93.13%)

Shareholders Equity

$672,990,000 (-32.10%)

$991,216,000 (-14.47%)

$1,158,911,000 (-12.75%)

$1,328,217,000 (47.43%)

Property Plant & Equipment Net

$30,424,000 (-73.85%)

$116,325,000 (41.24%)

$82,361,000 (46.91%)

$56,061,000 (13.64%)

Cash & Equivalents

$603,948,000 (-19.59%)

$751,130,000 (-17.80%)

$913,730,000 (-18.70%)

$1,123,895,000 (47.22%)

Accumulated Other Comprehensive Income

-$4,765,000 (-60.87%)

-$2,962,000 (-98.79%)

-$1,490,000 (-186.58%)

$1,721,000 (89.75%)

Deferred Revenue

$11,632,000 (153.53%)

$4,588,000 (-42.86%)

$8,030,000 (-33.69%)

$12,109,000 (22.46%)

Total Investments

$47,857,000 (-15.09%)

$56,359,000 (-17.57%)

$68,368,000 (-6.72%)

$73,296,000 (147.91%)

Investments Current

$2,104,000 (-0.43%)

$2,113,000 (5.07%)

$2,011,000 (-33.06%)

$3,004,000 (50.20%)

Investments Non-Current

$45,753,000 (-15.66%)

$54,246,000 (-18.25%)

$66,357,000 (-5.60%)

$70,292,000 (155.00%)

Inventory

$56,417,000 (22.99%)

$45,870,000 (-20.98%)

$58,050,000 (12.68%)

$51,518,000 (80.63%)

Trade & Non-Trade Receivables

$31,983,000 (-45.39%)

$58,565,000 (20.27%)

$48,696,000 (4.96%)

$46,395,000 (-18.31%)

Trade & Non-Trade Payables

$35,637,000 (-10.23%)

$39,696,000 (-1.58%)

$40,333,000 (1.97%)

$39,555,000 (32.39%)

Accumulated Retained Earnings (Deficit)

-$2,060,837,000 (-18.61%)

-$1,737,505,000 (-11.32%)

-$1,560,759,000 (-12.48%)

-$1,387,579,000 (-8.79%)

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$0 (0%)

$0 (0%)

$0 (0%)

$3,578,000 (0%)

Total Debt

$23,894,000 (33.50%)

$17,898,000 (13.78%)

$15,731,000 (-8.11%)

$17,120,000 (-4.21%)

Debt Current

$2,899,000 (-35.65%)

$4,505,000 (15.66%)

$3,895,000 (20.29%)

$3,238,000 (20.33%)

Debt Non-Current

$20,995,000 (56.76%)

$13,393,000 (13.15%)

$11,836,000 (-14.74%)

$13,882,000 (-8.56%)

Total Liabilities

$104,317,000 (20.84%)

$86,326,000 (-2.09%)

$88,166,000 (-21.79%)

$112,726,000 (50.88%)

Liabilities Current

$75,586,000 (7.08%)

$70,586,000 (-3.53%)

$73,168,000 (-12.01%)

$83,159,000 (59.64%)

Liabilities Non-Current

$28,731,000 (82.53%)

$15,740,000 (4.95%)

$14,998,000 (-49.27%)

$29,567,000 (30.71%)

BLDP Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$69,731,000 (-31.88%)

$102,368,000 (25.05%)

$81,860,000 (-21.67%)

$104,505,000 (0.60%)

Cost of Revenue

$91,713,000 (-26.16%)

$124,199,000 (30.51%)

$95,168,000 (5.17%)

$90,492,000 (9.17%)

Selling General & Administrative Expense

$37,018,000 (-5.04%)

$38,984,000 (0.23%)

$38,893,000 (3.36%)

$37,629,000 (51.42%)

Research & Development Expense

$94,494,000 (-3.88%)

$98,306,000 (9.58%)

$89,715,000 (44.32%)

$62,162,000 (75.01%)

Operating Expenses

$161,318,000 (14.35%)

$141,073,000 (6.86%)

$132,020,000 (29.28%)

$102,116,000 (68.11%)

Interest Expense

$2,146,000 (94.21%)

$1,105,000 (-12.65%)

$1,265,000 (-2.24%)

$1,294,000 (-0.69%)

Income Tax Expense

$121,000 (-23.42%)

$158,000 (276.19%)

$42,000 (119.44%)

-$216,000 (-266.15%)

Net Loss Income from Discontinued Operations

$715,000 (-97.87%)

$33,506,000 (155.32%)

$13,123,000 (8101.83%)

-$164,000 (-108.60%)

Consolidated Income

-$324,245,000 (-82.45%)

-$177,716,000 (-2.43%)

-$173,494,000 (-51.88%)

-$114,233,000 (-122.34%)

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income

-$324,245,000 (-82.45%)

-$177,716,000 (-2.43%)

-$173,494,000 (-51.88%)

-$114,233,000 (-122.34%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

-$324,245,000 (-82.45%)

-$177,716,000 (-2.43%)

-$173,494,000 (-51.88%)

-$114,233,000 (-122.34%)

Weighted Average Shares

$299,310,384 (0.22%)

$298,661,041 (0.19%)

$298,093,270 (0.95%)

$295,293,438 (18.84%)

Weighted Average Shares Diluted

$299,310,384 (0.22%)

$298,661,041 (0.19%)

$298,093,270 (0.95%)

$295,293,438 (18.84%)

Earning Before Interest & Taxes (EBIT)

-$321,978,000 (-82.47%)

-$176,453,000 (-2.48%)

-$172,187,000 (-52.17%)

-$113,155,000 (-126.56%)

Gross Profit

-$21,982,000 (-0.69%)

-$21,831,000 (-64.04%)

-$13,308,000 (-194.97%)

$14,013,000 (-33.22%)

Operating Income

-$183,300,000 (-12.52%)

-$162,904,000 (-12.09%)

-$145,328,000 (-64.95%)

-$88,103,000 (-121.58%)

BLDP Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$36,505,000 (32.75%)

-$54,279,000 (28.16%)

-$75,557,000 (11.76%)

-$85,630,000 (-135.29%)

Net Cash Flow from Financing

-$1,530,000 (58.40%)

-$3,678,000 (-52.87%)

-$2,406,000 (-100.46%)

$526,908,000 (-24.35%)

Net Cash Flow from Operations

-$108,099,000 (-3.37%)

-$104,570,000 (20.88%)

-$132,171,000 (-64.24%)

-$80,476,000 (-87.44%)

Net Cash Flow / Change in Cash & Cash Equivalents

-$147,182,000 (9.48%)

-$162,600,000 (22.63%)

-$210,165,000 (-158.30%)

$360,465,000 (-41.45%)

Net Cash Flow - Business Acquisitions and Disposals

$3,070,000 (253.50%)

-$2,000,000 (91.73%)

-$24,172,000 (-23.91%)

-$19,508,000 (9.38%)

Net Cash Flow - Investment Acquisitions and Disposals

-$11,958,000 (-9.60%)

-$10,911,000 (35.45%)

-$16,903,000 (67.13%)

-$51,421,000 (-2471.05%)

Capital Expenditure

-$27,617,000 (33.24%)

-$41,368,000 (-19.97%)

-$34,482,000 (-134.56%)

-$14,701,000 (-16.49%)

Issuance (Repayment) of Debt Securities

-$3,327,000 (17.09%)

-$4,013,000 (-20.80%)

-$3,322,000 (-18.73%)

-$2,798,000 (-11.16%)

Issuance (Purchase) of Equity Shares

$308,000 (-8.06%)

$335,000 (-63.43%)

$916,000 (-99.83%)

$529,706,000 (-24.22%)

Payment of Dividends & Other Cash Distributions

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Effect of Exchange Rate Changes on Cash

-$1,048,000 (-1335.62%)

-$73,000 (-135.48%)

-$31,000 (90.80%)

-$337,000 (78.45%)

Share Based Compensation

$7,456,000 (-31.96%)

$10,959,000 (16.49%)

$9,408,000 (-2.70%)

$9,669,000 (55.03%)

Depreciation Amortization & Accretion

$11,973,000 (-11.49%)

$13,527,000 (-1.79%)

$13,773,000 (41.23%)

$9,752,000 (29.03%)

BLDP Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

-31.50% (-47.89%)

-21.30% (-30.67%)

-16.30% (-221.64%)

13.40% (-33.66%)

Profit Margin

-465.00% (-167.86%)

-173.60% (18.07%)

-211.90% (-93.87%)

-109.30% (-120.81%)

EBITDA Margin

-444.60% (-179.27%)

-159.20% (17.73%)

-193.50% (-95.65%)

-98.90% (-142.40%)

Return on Average Equity (ROAE)

-39.70% (-137.72%)

-16.70% (-16.78%)

-14.30% (-72.29%)

-8.30% (20.19%)

Return on Average Assets (ROAA)

-35.30% (-127.74%)

-15.50% (-17.42%)

-13.20% (-69.23%)

-7.80% (13.33%)

Return on Sales (ROS)

-461.70% (-167.81%)

-172.40% (18.02%)

-210.30% (-94.18%)

-108.30% (-125.16%)

Return on Invested Capital (ROIC)

-169.20% (-127.11%)

-74.50% (17.22%)

-90.00% (-15.24%)

-78.10% (-89.10%)

Dividend Yield

0% (0%)

0% (0%)

0% (0%)

0% (0%)

Price to Earnings Ratio (P/E)

-1.54 (75.49%)

-6.27 (24.07%)

-8.26 (74.35%)

-32.2 (71.10%)

Price to Sales Ratio (P/S)

7.13 (-34.00%)

10.79 (-38.11%)

17.44 (-50.85%)

35.49 (-36.60%)

Price to Book Ratio (P/B)

0.74 (-33.72%)

1.11 (-9.57%)

1.23 (-56.18%)

2.81 (-58.14%)

Debt to Equity Ratio (D/E)

0.15 (78.16%)

0.09 (14.47%)

0.08 (-10.59%)

0.09 (2.41%)

Earnings Per Share (EPS)

-1.08 (-83.05%)

-0.59 (-1.72%)

-0.58 (-48.72%)

-0.39 (-85.71%)

Sales Per Share (SPS)

0.23 (-32.07%)

0.34 (24.73%)

0.28 (-22.32%)

0.35 (-15.31%)

Free Cash Flow Per Share (FCFPS)

-0.45 (7.36%)

-0.49 (12.52%)

-0.56 (-73.60%)

-0.32 (-43.75%)

Book Value Per Share (BVPS)

2.25 (-32.27%)

3.32 (-14.63%)

3.89 (-13.56%)

4.5 (24.05%)

Tangible Assets Book Value Per Share (TABVPS)

2.59 (-25.29%)

3.47 (-12.20%)

3.95 (-13.98%)

4.59 (22.49%)

Enterprise Value Over EBIT (EV/EBIT)

0 (0%)

-2 (33.33%)

-3 (86.36%)

-22 (80.70%)

Enterprise Value Over EBITDA (EV/EBITDA)

0.36 (116.98%)

-2.1 (31.83%)

-3.08 (87.41%)

-24.5 (81.82%)

Asset Turnover

0.08 (-14.61%)

0.09 (43.55%)

0.06 (-13.89%)

0.07 (-60.44%)

Current Ratio

9.25 (-24.53%)

12.25 (-12.85%)

14.06 (-4.90%)

14.78 (-9.87%)

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Free Cash Flow (FCF)

-$135,716,000 (7.00%)

-$145,938,000 (12.43%)

-$166,653,000 (-75.10%)

-$95,177,000 (-71.32%)

Enterprise Value (EV)

-$110,557,362 (-132.27%)

$342,636,805 (-29.89%)

$488,706,403 (-80.71%)

$2,533,073,934 (-55.65%)

Earnings Before Tax (EBT)

-$324,124,000 (-82.55%)

-$177,558,000 (-2.37%)

-$173,452,000 (-51.55%)

-$114,449,000 (-123.33%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

-$310,005,000 (-90.27%)

-$162,926,000 (-2.85%)

-$158,414,000 (-53.20%)

-$103,403,000 (-143.96%)

Invested Capital

$119,910,000 (-48.32%)

$232,041,000 (12.41%)

$206,428,000 (24.39%)

$165,953,000 (23.93%)

Working Capital

$623,292,000 (-21.52%)

$794,155,000 (-16.87%)

$955,339,000 (-16.64%)

$1,146,027,000 (42.86%)

Tangible Asset Value

$775,550,000 (-25.13%)

$1,035,859,000 (-12.04%)

$1,177,595,000 (-13.15%)

$1,355,887,000 (45.55%)

Market Capitalization

$497,038,638 (-55.03%)

$1,105,262,805 (-22.62%)

$1,428,413,403 (-61.79%)

$3,738,103,934 (-38.27%)

Average Equity

$816,558,000 (-23.23%)

$1,063,681,000 (-12.56%)

$1,216,472,250 (-11.35%)

$1,372,201,250 (177.54%)

Average Assets

$919,798,500 (-19.92%)

$1,148,586,000 (-12.64%)

$1,314,745,250 (-9.95%)

$1,459,974,250 (155.70%)

Invested Capital Average

$190,285,750 (-19.65%)

$236,813,250 (23.72%)

$191,407,750 (32.04%)

$144,966,000 (19.80%)

Shares

299,420,866 (0.23%)

298,719,677 (0.17%)

298,207,391 (0.20%)

297,619,740 (15.01%)