Acquisitions (Tables)

6 Months Ended

Jun. 30, 2020

Giner ELX, Inc

Schedule of fair value of consideration paid

Cash	$	25,820
Plug Power Stock		19,263
Contingent consideration		7,140
Total consideration		52,223

Summary of allocation of the purchase price to the estimated fair value of the net assets acquired

The following table summarizes the preliminary allocation of the purchase price to the estimated fair value of the net assets acquired, excluding goodwill (in thousands):

Accounts receivable	$	1,237
Inventory		4,108
Prepaid expenses and other assets		(4,707)
Property, plant and equipment		596
Identifiable intangibles		29,930
Accounts payable, accrued expenses and other liabilities		(1,887)
Deferred revenue		(2,347)
Total net assets acquired, excluding goodwill		26,930

Business combination segment allocation

Goodwill associated with the Giner ELX acquisition was calculated as follows (in thousands):

Consideration paid	$	52,223
Less: net assets acquired		(26,930)
Total goodwill recognized		25,293

United Hydrogen Group Inc

Schedule of fair value of consideration paid

Cash	$	19,466
Plug Power Stock		30,410
Contingent consideration		1,110
Total consideration		50,986

Summary of allocation of the purchase price to the estimated fair value of the net assets acquired

The following table summarizes the preliminary allocation of the purchase price to the estimated fair value of the net assets acquired, excluding goodwill (in thousands):

Accounts receivable	444
Inventory	89
Prepaid expenses and other assets	1,152
Property, plant and equipment	41,244
Leased property	796
Identifiable intangibles	2,338
Long-term debt	(13,080)
Other liabilities	(13,820)
Accounts payable, accrued expenses, deferred revenue and finance obligations	(4,560)
Total net assets acquired, excluding goodwill	14,603

Business combination segment allocation

Goodwill associated with the UHG acquisition was calculated as follows (in thousands):

Consideration paid	$	50,986
Less: net assets acquired		(14,603)
Total goodwill recognized		36,383