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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 87,903 $ 747,780
Short-term investments 162,074 173,008
Accounts receivable, net of allowances of $3,879 and $91 as of December 31, 2022 and December 31, 2021, respectively 223,219 61,701
Inventory, net 8,374 22,720
Deferred costs with suppliers 43,159 13,744
Other current assets (includes $74 and $213 due from related parties as of December 31, 2022 and December 31, 2021, respectively) 8,026 4,897
Total current assets 532,755 1,023,850
Energy storage systems, net 90,757 106,114
Contract origination costs, net 11,697 8,630
Goodwill 546,649 1,741
Intangible assets, net 162,265 13,966
Operating lease right-of-use assets 12,431 12,998
Other noncurrent assets 65,339 24,531
Total assets 1,421,893 1,191,830
Current liabilities:    
Accounts payable 83,831 28,273
Accrued liabilities 85,258 25,985
Accrued payroll 12,466 7,453
Financing obligation, current portion 15,720 15,277
Deferred revenue, current portion 64,311 9,158
Other current liabilities (includes $687 and $306 due to related parties as of December 31, 2022 and December 31, 2021, respectively) 5,412 1,821
Total current liabilities 266,998 87,967
Deferred revenue, noncurrent 73,763 28,285
Asset retirement obligation 4,262 4,135
Notes payable, noncurrent 1,603 1,687
Convertible notes, noncurrent 447,909 316,542
Financing obligation, noncurrent 63,867 73,204
Lease liabilities, noncurrent 10,962 12,183
Other liabilities 362 0
Total liabilities 869,726 524,003
Commitments and contingencies (Note 20)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized as of December 31, 2022 and December 31, 2021, respectively; 0 shares issued and outstanding as of December 31, 2022 and December 31, 2021, respectively 0 0
Common stock, $0.0001 par value; 500,000,000 shares authorized as of December 31, 2022 and December 31, 2021; 154,540,197 and 144,671,624 issued and outstanding as of December 31, 2022 and December 31, 2021, respectively 15 14
Additional paid-in capital 1,185,364 1,176,845
Accumulated other comprehensive (loss) income (1,672) 20
Accumulated deficit (632,081) (509,052)
Total Stem's stockholders’ equity 551,626 667,827
Non-controlling interests 541 0
Total stockholders’ equity 552,167 667,827
Total liabilities and stockholders’ equity $ 1,421,893 $ 1,191,830