ArcLight Clean Transition Corp. II (ACTD) Financial Statements (2024 and earlier)

Company Profile

Business Address 200 CLARENDON STREET, 55TH FLOOR
BOSTON, MA 02116
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 4932 - Gas and Other Services Combined (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments105,370812
Cash and cash equivalents40,394812
Short-term investments64,976 
Restricted cash and investments32,402 
Receivables47,648 
Inventory, net of allowances, customer advances and progress billings  
Inventory  
Prepaid expense  702
Contract with customer, asset, after allowance for credit loss9,771 
Derivative instruments and hedges, assets182 
Asset, held-for-sale, not part of disposal group1,674 
Other undisclosed current assets14,936 
Total current assets:211,9831,513
Noncurrent Assets
Inventory, Noncurrent3,443 
Finance lease, right-of-use asset, after accumulated amortization1,236 
Operating lease, right-of-use asset11,744 
Long-term investments and receivables52,254 
Due from related parties✕489 
Long-term investments51,765 
Intangible assets, net (including goodwill)56,775 
Goodwill54,608 
Intangible assets, net (excluding goodwill)2,167 
Derivative instruments and hedges 954 
Asset, held-in-trust  311,175
Restricted cash and investments4,425 
Other noncurrent assets1,489160
Other undisclosed noncurrent assets300,553 
Total noncurrent assets:432,873311,335
TOTAL ASSETS:644,856312,849
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities44,551113
Accounts payable 22,67919
Accrued liabilities21,87294
Deferred revenue8,013 
Debt57,165 
Derivative instruments and hedges, liabilities 4,596 
Asset retirement obligation1,296 
Other liabilities1,085 
Due to related parties✕1,346 
Other undisclosed current liabilities34,853 
Total current liabilities:152,905113
Noncurrent Liabilities
Long-term debt and lease obligation  
Long-term debt, excluding current maturities  
Liabilities, other than long-term debt25,82025,796
Asset retirement obligations4,960 
Other liabilities825 
Operating lease, liability11,245 
Business combination, contingent consideration, liability8,790 
Derivative instruments and hedges, liabilities  25,796
Other undisclosed noncurrent liabilities 88,31214,857
Total noncurrent liabilities:114,13240,653
Total liabilities:267,03740,766
Temporary equity, carrying amount  311,163
Equity
Equity, attributable to parent, including:(800,601)(39,081)
Treasury stock, value  
Accumulated other comprehensive income (loss)195 
Accumulated deficit(800,813)(39,081)
Other undisclosed equity, attributable to parent171
Equity, attributable to noncontrolling interest26,445 
Total equity:(774,156)(39,081)
Other undisclosed liabilities and equity1,151,975 
TOTAL LIABILITIES AND EQUITY:644,856312,849

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
Revenues235,531 
Cost of revenue(169,278) 
Gross profit:66,253 
Operating expenses(64,474)(4,945)
Operating income (loss):1,779(4,945)
Nonoperating income (expense)35,024(11,250)
Investment income, nonoperating33,081 
Other nonoperating income (expense)1,943(11,250)
Interest and debt expense(6,640) 
Income (loss) from continuing operations before equity method investments, income taxes:30,163(16,195)
Income from equity method investments 5,784 
Other undisclosed loss from continuing operations before income taxes(3,368) 
Income (loss) from continuing operations:32,579(16,195)
Loss before gain (loss) on sale of properties:✕✕(16,195)
Net income (loss):32,579(16,195)
Net loss attributable to noncontrolling interest(21,256) 
Net income (loss) attributable to parent:11,323(16,195)
Preferred stock dividends and other adjustments(7,932) 
Net income (loss) available to common stockholders, basic:3,391(16,195)
Other undisclosed net loss available to common stockholders, diluted (134) 
Net income (loss) available to common stockholders, diluted:3,257(16,195)

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
Net income (loss):32,579(16,195)
Other comprehensive income (loss)1,288 
Comprehensive income (loss):33,867(16,195)
Comprehensive income, net of tax, attributable to noncontrolling interest1,153 
Comprehensive income (loss), net of tax, attributable to parent:35,020(16,195)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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