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Revenue (Tables)
3 Months Ended
Mar. 31, 2020
Revenue  
Schedule of disaggregation of revenue

The following table provides information about disaggregation of revenue (in thousands):

 

 

 

 

 

 

 

 

Major products/services lines

 

 

 

 

 

 

 

 

Three months ended  March 31,

 

 

2020

 

2019

Sales of fuel cell systems

 

$

14,651

 

$

1,241

Sale of hydrogen installations and other infrastructure

 

 

5,736

 

 

1,303

Services performed on fuel cell systems and related infrastructure

 

 

6,521

 

 

6,343

Power Purchase Agreements

 

 

6,496

 

 

6,110

Fuel delivered to customers

 

 

7,333

 

 

6,582

Other

 

 

76

 

 

 —

    Net revenue

 

$

40,813

 

$

21,579

 

Schedule of receivables, contract assets and contract liabilities from contracts with customers

The following table provides information about receivables, contract assets and contract liabilities from contracts with customers (in thousands):

 

 

 

 

 

 

 

 

 

 

March 31,

 

December 31,

 

 

2020

 

2019

Accounts receivable

 

$

24,437

 

$

25,448

Contract assets

 

 

20,581

 

 

13,251

Contract liabilities

 

 

45,129

 

 

43,480

 

Schedule of changes in contract assets and the contract liabilities

 

Significant changes in the contract assets and the contract liabilities balances during the period are as follows (in thousands):

 

 

 

 

 

 

 

 

Contract assets

 

Three  months ended

 

 

March 31, 2020

Transferred to receivables from contract assets recognized at the beginning of the period

 

$

(141)

Revenue recognized and not billed as of the end of the period

 

 

7,471

    Net change in contract assets

 

 

7,330

 

 

 

 

 

Schedule of Estimated future revenue

The following table includes estimated revenue expected to be recognized in the future (sales of fuel cell systems and hydrogen installations are expected to be recognized as revenue within one year; sales of services and PPAs are expected to be recognized as revenue over five to seven years) related to performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period, excluding provision for common stock warrants as it is not readily estimable as it depends on the valuation of the common stock warrants when revenue is recognized (in thousands):

 

 

 

 

 

 

 

 

 

 

March 31,

 

 

2020

Sales of fuel cell systems

 

$

76,433

Sale of hydrogen installations and other infrastructure

 

 

69,440

Services performed on fuel cell systems and related infrastructure

 

 

97,530

Power Purchase Agreements

 

 

142,002

Other rental income

 

 

4,531

    Total estimated future revenue

 

$

389,936