ASPEN AEROGELS, INC.: 10-K filed 2023-03-16

Name: ASPEN AEROGELS, INC.: 10-K filed 2023-03-16
Creator: ASPEN AEROGELS, INC.

What ASPEN AEROGELS, INC. reported in its annual report filed 2023-03-16 (fiscal FY 2022): 43 published measures, 109 facts as tagged in accession 0000950170-23-008476.

This filing

Form: 10-K (annual report)
Filed: 2023-03-16
Fiscal period: fiscal FY 2022
Accession: 0000950170-23-008476 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All ASPEN AEROGELS, INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2022-12-31	643,416,000	USD
At 2021-12-31	182,954,000	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2022-12-31	195,981,000	USD
At 2021-12-31	54,546,000	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2022-12-31	447,435,000	USD
At 2021-12-31	128,408,000	USD
At 2020-12-31	67,852,000	USD
At 2019-12-31	58,990,000	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit	Days
At 2022-12-31	281,335,000	USD
At 2021-12-31	76,564,000	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	-82,738,000	USD	365
2021-01-01 to 2021-12-31	-37,094,000	USD	365
2020-01-01 to 2020-12-31	-21,809,000	USD	366

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	-94,399,000	USD	365
2021-01-01 to 2021-12-31	-18,628,000	USD	365
2020-01-01 to 2020-12-31	-9,924,000	USD	366

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	177,974,000	USD	365
2021-01-01 to 2021-12-31	13,778,000	USD	365
2020-01-01 to 2020-12-31	3,416,000	USD	366

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	180,364,000	USD	365
2021-01-01 to 2021-12-31	121,622,000	USD	365
2020-01-01 to 2020-12-31	100,273,000	USD	366

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	478,370,000	USD	365
2021-01-01 to 2021-12-31	92,474,000	USD	365
2020-01-01 to 2020-12-31	26,203,000	USD	366

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	-177,974,000	USD	365
2021-01-01 to 2021-12-31	-13,778,000	USD	365
2020-01-01 to 2020-12-31	-3,416,000	USD	366

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2022-12-31	-627,791,000	USD
At 2021-12-31	-545,053,000	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	39,363,114	shares	365
2021-01-01 to 2021-12-31	30,433,154	shares	365
2020-01-01 to 2020-12-31	26,377,652	shares	366

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	39,363,114	shares	365
2021-01-01 to 2021-12-31	30,433,154	shares	365
2020-01-01 to 2020-12-31	26,377,652	shares	366

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	-2.1	USD/shares	365
2021-01-01 to 2021-12-31	-1.22	USD/shares	365
2020-01-01 to 2020-12-31	-0.83	USD/shares	366

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	-2.1	USD/shares	365
2021-01-01 to 2021-12-31	-1.22	USD/shares	365
2020-01-01 to 2020-12-31	-0.83	USD/shares	366

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2022-12-31	259,223,000	USD
At 2021-12-31	55,778,000	USD

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	-79,245,000	USD	365
2021-01-01 to 2021-12-31	-40,599,000	USD	365
2020-01-01 to 2020-12-31	-21,569,000	USD	366

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2022-12-31	369,685,000	USD
At 2021-12-31	112,150,000	USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2022-12-31	78,945,000	USD
At 2021-12-31	36,555,000	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2022-12-31	54,728,000	USD
At 2021-12-31	17,440,000	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2022-12-31	57,350,000	USD
At 2021-12-31	20,426,000	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	84,221,000	USD	365
2021-01-01 to 2021-12-31	50,536,000	USD	365
2020-01-01 to 2020-12-31	36,163,000	USD	366

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2022-12-31	22,538,000	USD
At 2021-12-31	11,987,000	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	4,976,000	USD	365
2021-01-01 to 2021-12-31	9,937,000	USD	365
2020-01-01 to 2020-12-31	14,594,000	USD	366

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	16,930,000	USD	365
2021-01-01 to 2021-12-31	11,441,000	USD	365
2020-01-01 to 2020-12-31	8,729,000	USD	366

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2022-12-31	69,994,963	shares
At 2021-12-31	33,218,115	shares

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

Period	Value	Unit	Days
At 2022-12-31	11,990,000	USD
At 2021-12-31	13,531,000	USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

Period	Value	Unit	Days
At 2022-12-31	15,824,000	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2022-12-31	389,144,000	USD
At 2021-12-31	177,458,000	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2022-12-31	129,921,000	USD
At 2021-12-31	121,680,000	USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2022-12-31	2,518,000	USD
At 2021-12-31	1,495,000	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2022-12-31	16,003,000	USD
At 2021-12-31	10,819,000	USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

Period	Value	Unit	Days
At 2022-12-31	7,236,000	USD
At 2021-12-31	3,173,000	USD

Current contract liabilities

Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.

Period	Value	Unit	Days
At 2022-12-31	5,846,000	USD
At 2021-12-31	1,321,000	USD

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	-82,738,000	USD	365
2021-01-01 to 2021-12-31	-37,094,000	USD	365
2020-01-01 to 2020-12-31	-21,809,000	USD	366

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	38,499,000	USD	365
2021-01-01 to 2021-12-31	22,514,000	USD	365
2020-01-01 to 2020-12-31	15,681,000	USD	366

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	9,222,000	USD	365
2021-01-01 to 2021-12-31	9,440,000	USD	365
2020-01-01 to 2020-12-31	10,198,000	USD	366

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	-3,493,000	USD	365
2021-01-01 to 2021-12-31	3,505,000	USD	365
2020-01-01 to 2020-12-31	-240,000	USD	366

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	153,000	USD	365
2021-01-01 to 2021-12-31	236,000	USD	365
2020-01-01 to 2020-12-31	216,000	USD	366

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	3,600,000	USD	365
2021-01-01 to 2021-12-31	2,100,000	USD	365

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	37,042,000	USD	365
2021-01-01 to 2021-12-31	4,643,000	USD	365
2020-01-01 to 2020-12-31	-16,231,000	USD	366

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	10,551,000	USD	365
2021-01-01 to 2021-12-31	-1,112,000	USD	365
2020-01-01 to 2020-12-31	4,331,000	USD	366

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	5,318,000	USD	365
2021-01-01 to 2021-12-31	7,379,000	USD	365
2020-01-01 to 2020-12-31	-7,149,000	USD	366

Inspect the source

Entity: ASPEN AEROGELS, INC. / CIK 0001145986
Captured: 2026-09-20T07:42:30.419Z
SEC response SHA-256: 87818c38b8e71f990929d388297fd67599f48c4e0501978289bd6a8c24620820

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import json
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with urlopen("https://canlicapital.com/company-data/0001145986.json") as response:
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print(record["policy"])
for concept in record["concepts"]:
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