Ballard Power Systems Files 6-K for Q1 2024

TL;DR

Ballard Power (BLDP) filed its Q1 2024 6-K, check it for latest financials.

AI Summary

Ballard Power Systems Inc. filed a Form 6-K on May 7, 2024, reporting for the period ending March 31, 2024. The filing indicates the company is a foreign private issuer and is submitting its report under the 1934 Act. Ballard Power Systems Inc. is based in Burnaby, BC, Canada.

Why It Matters

This filing provides an update on Ballard Power Systems' financial reporting for the first quarter of 2024, which is crucial for investors to assess the company's performance and financial health.

Risk Assessment

Risk Level: low — This is a routine financial filing (6-K) and does not contain new material events or significant financial changes.

Key Players & Entities

• Ballard Power Systems Inc. (company) — Registrant
• 000-53543 (other) — SEC File Number
• 20240331 (date) — Conformed Period of Report
• 20240507 (date) — Filing Date
• Burnaby, B.C. V5J 5J8 Canada (location) — Principal Executive Office

FAQ

From the Filing

0001453015-24-000006.txt : 20240507 0001453015-24-000006.hdr.sgml : 20240507 20240507084229 ACCESSION NUMBER: 0001453015-24-000006 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240507 DATE AS OF CHANGE: 20240507 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ballard Power Systems Inc. CENTRAL INDEX KEY: 0001453015 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL INDUSTRIAL APPARATUS [3620] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: Z4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53543 FILM NUMBER: 24919815 BUSINESS ADDRESS: STREET 1: 9000 GLENLYON PARKWAY CITY: BURNABY STATE: A1 ZIP: V5J 5J8 BUSINESS PHONE: 604-454-0900 MAIL ADDRESS: STREET 1: 9000 GLENLYON PARKWAY CITY: BURNABY STATE: A1 ZIP: V5J 5J8 FORMER COMPANY: FORMER CONFORMED NAME: 7076991 Canada Inc. DATE OF NAME CHANGE: 20090102 6-K 1 bldp033124-6k.htm 6-K Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________ FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2024 Commission File Number: 000-53543 ______________________________ Ballard Power Systems Inc. (Translation of registrant's name into English)   9000 Glenlyon Parkway Burnaby, B.C. V5J 5J8 Canada (Address of principal executive office) ______________________________ Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: ☐ Form 20-F ☒ Form 40-F Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐ EXHIBIT INDEX Exhibit No. Description   99.1 Ballard Power Systems Inc. First Quarter 202 4 Interim Financial Statements 99.2 Ballard Power Systems Inc. First Quarter 202 4 Management’s Discussion and Analysis SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Ballard Power Systems Inc. Date: May 7, 2024 By: /s/ Paul Dobson   Name: Paul Dobson   Title: Senior Vice President & Chief Financial Officer EX-99.1 2 bldp033124-ex991fs.htm EX-99.1 Document Condensed Consolidated Interim Financial Statements (Expressed in U.S. dollars) BALLARD POWER SYSTEMS INC. Three months ended March 31, 2024 and 2023 BALLARD POWER SYSTEMS INC. Condensed Consolidated Interim Statements of Financial Position Unaudited (Expressed in thousands of U.S. dollars) Note March 31, 2024 December 31, 2023 Assets Current assets: Cash and cash equivalents $ 720,665   $ 751,130  Short-term investments 2,111   2,113  Trade and other receivables 5  41,526   58,565  Inventories 6  55,836   45,870  Prepaid expenses and other current assets 6,702   7,063  Total current assets 826,840   864,741  Non-current assets: Property, plant and equipment 7  132,786   116,325  Intangible assets 8  1,328   1,406  Goodwill 40,277   40,277  Equity-accounted investments 9  12,525   13,901  Long-term financial investments 10  36,100   40,345  Other non-current assets 535   547  Total assets $ 1,050,391   $ 1,077,542  Liabilities and Equity Current liabilities: Trade and other payables 12  $ 38,071   $ 39,696  Deferred revenue 13  8,202   4,588  Provisions and other current liabilities 14  21,203   21,797  Current lease liabilities 15  3,417   4,505  Total cu