Cash and cash equivalentsTotal cash and cash equivalents was $57.5 million at October 31, 2012, which does not include $10.0 million received on November 1, 2012 from POSCO Energy for a payment due under the license agreement. Net cash use for the fourth quarter of 2012 was $16.3 million. Power plant components in inventory totaled $11.3 million at October 31, 2012 and will be converted into cash in 2013 as the power plants are completed, installed and cash collected from the owner of the Bridgeport fuel cell park, as discussed in greater detail in the Business Highlights section below. Capital spending for the fourth quarter of 2012 was $1.8 million and depreciation expense was $1.0 million.
FuelCell Energy Reports Fourth Quarter Results And Business Highlights
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