XML 45 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:    
Net loss $ (45,292)us-gaap_NetIncomeLoss $ (33,553)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used in operations:    
Depreciation and amortization 7,298us-gaap_DepreciationAndAmortization 8,052us-gaap_DepreciationAndAmortization
Stock-based compensation expense 4,620us-gaap_ShareBasedCompensation 7,328us-gaap_ShareBasedCompensation
Impairment of long-lived and intangible assets 3,464us-gaap_ImpairmentOfLongLivedAssetsHeldForUse  
Provision for excess and obsolete inventory 1,401us-gaap_InventoryWriteDown 287us-gaap_InventoryWriteDown
Loss on minority interest investments 644us-gaap_GainLossOnInvestments 789us-gaap_GainLossOnInvestments
Change in fair value of derivatives and warrants (3,048)amsc_GainLossInChangeOfFairValueOfDerivativeInstrumentsAndWarrants (1,890)amsc_GainLossInChangeOfFairValueOfDerivativeInstrumentsAndWarrants
Non-cash interest expense 490us-gaap_AmortizationOfFinancingCostsAndDiscounts 5,902us-gaap_AmortizationOfFinancingCostsAndDiscounts
Other non-cash items (838)us-gaap_OtherNoncashIncomeExpense 1,181us-gaap_OtherNoncashIncomeExpense
Changes in operating asset and liability accounts:    
Accounts receivable (3,434)us-gaap_IncreaseDecreaseInAccountsReceivable 10,414us-gaap_IncreaseDecreaseInAccountsReceivable
Inventory (7,598)us-gaap_IncreaseDecreaseInInventories 8,682us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other current assets (3,072)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 3,462us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable and accrued expenses 5,694us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (8,445)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Accrued arbitration liability 10,328amsc_IncreaseDecreaseInLitigationReserve  
Deferred revenue 8,409us-gaap_IncreaseDecreaseInDeferredRevenue (20,575)us-gaap_IncreaseDecreaseInDeferredRevenue
Net cash used in operating activities (20,934)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (18,366)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:    
Purchase of property, plant and equipment (681)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (223)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from the sale of property, plant and equipment 20us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 60us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Change in restricted cash 4,700us-gaap_IncreaseDecreaseInRestrictedCash 4,670us-gaap_IncreaseDecreaseInRestrictedCash
Change in other assets 316us-gaap_PaymentsForProceedsFromOtherInvestingActivities (109)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash provided by investing activities 4,355us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations 4,398us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:    
Employee taxes paid related to net settlement of equity awards (400)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (57)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation
Proceeds from the issuance of debt, net of expenses 1,429us-gaap_ProceedsFromDebtNetOfIssuanceCosts 9,838us-gaap_ProceedsFromDebtNetOfIssuanceCosts
Repayment of debt (6,295)us-gaap_RepaymentsOfLongTermDebt (3,462)us-gaap_RepaymentsOfLongTermDebt
Proceeds from ATM sales, net 5,839us-gaap_ProceedsFromIssuanceOrSaleOfEquity 3,332us-gaap_ProceedsFromIssuanceOrSaleOfEquity
Proceeds from stock offering 9,114us-gaap_ProceedsFromIssuanceOfCommonStock  
Proceeds from exercise of employee stock options and ESPP 60us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions 99us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
Net cash provided by financing activities 9,747us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 9,750us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of exchange rate changes on cash and cash equivalents (299)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 369us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net decrease in cash and cash equivalents (7,131)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (3,849)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 43,114us-gaap_CashAndCashEquivalentsAtCarryingValue 39,243us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year 35,983us-gaap_CashAndCashEquivalentsAtCarryingValue  
Supplemental schedule of cash flow information:    
Cash paid for income taxes, net of refunds 362us-gaap_IncomeTaxesPaidNet  
Issuance of common stock to settle liabilities 1,623us-gaap_DebtConversionConvertedInstrumentAmount1 7,931us-gaap_DebtConversionConvertedInstrumentAmount1
Cash paid for interest $ 937us-gaap_InterestPaid $ 599us-gaap_InterestPaid