Benson Hill Inc. (BHIL) Financial Statements (2024 and earlier)

Company Profile

Business Address 1001 N. WARSON RD., STE 300
ST. LOUIS, MO 63132
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 20 - Food And Kindred Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments48,680157,174182,652
Cash and cash equivalents15,82825,05378,963
Short-term investments32,852132,121103,689
Restricted cash and investments  17,912 
Receivables33,29728,77233,983
Inventory, net of allowances, customer advances and progress billings25,50062,11048,724
Inventory25,50062,11048,724
Prepaid expense 4,3957,3729,325
Contract with customer, asset, after allowance for credit loss 1,6774332,588
Derivative instruments and hedges, assets 9922,7143,273
Disposal group, including discontinued operation60123,507 
Deposits current assets 846702650
Other current assets 280321,747
Other undisclosed current assets2,650 416
Total current assets:118,918300,728283,358
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization59,24566,53372,469
Operating lease, right-of-use asset2,9341,6604,983
Property, plant and equipment79,04399,759126,885
Intangible assets, net (including goodwill)5,22627,37742,664
Goodwill  19,22617,685
Intangible assets, net (excluding goodwill) 5,2268,15124,979
Other undisclosed intangible assets, net (including goodwill)   
Other noncurrent assets9,3984,8634,538
Total noncurrent assets:155,846200,192251,539
TOTAL ASSETS:274,764500,920534,897
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities40,96970,15262,279
Accounts payable17,13236,71735,508
Accrued liabilities23,83733,43526,771
Debt58,9065,5607,979
Disposal group, including discontinued operation55916,441 
Other undisclosed current liabilities1,4893641,424
Total current liabilities:101,92392,51771,682
Noncurrent Liabilities
Long-term debt and lease obligation78,932180,422156,324
Long-term debt, excluding current maturities5,250103,99177,170
Finance lease, liability73,68276,43176,712
Liabilities, other than long-term debt6,6751,7039,393
Deferred income tax liabilities  283294
Other liabilities172129316
Operating lease, liability6,5031,2912,442
Derivative instruments and hedges, liabilities   8,783
Other undisclosed noncurrent liabilities1,19132,37646,051
Total noncurrent liabilities:86,798214,501211,768
Total liabilities:188,721307,018283,450
Equity
Equity, attributable to parent86,043193,902251,447
Common stock212118
Additional paid in capital611,477609,450533,101
Accumulated other comprehensive loss(1,669)(7,095)(1,103)
Accumulated deficit(523,786)(408,474)(280,569)
Total equity:86,043193,902251,447
TOTAL LIABILITIES AND EQUITY:274,764500,920534,897

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Revenues473,336381,233147,212
Cost of revenue
(Cost of Goods and Services Sold)
(449,710)(377,706)(148,157)
Gross profit:23,6263,527(945)
Operating expenses(128,110)(128,534)(122,130)
Operating loss:(104,484)(125,007)(123,075)
Nonoperating income (expense)(6,955)25,366(2,941)
Other nonoperating income (expense)(3,075)(2,253)1,164
Interest and debt expense (7,130)(7,101)(3,916)
Other undisclosed loss from continuing operations before equity method investments, income taxes   
Loss from continuing operations before equity method investments, income taxes:(118,569)(106,742)(129,932)
Other undisclosed income from continuing operations before income taxes7,1307,1013,916
Loss from continuing operations before income taxes:(111,439)(99,641)(126,016)
Income tax expense (benefit)192(59)(231)
Loss from continuing operations:(111,247)(99,700)(126,247)
Loss before gain (loss) on sale of properties:(126,247)
Net loss:(111,247)(99,700)(126,247)
Other undisclosed net loss attributable to parent(4,065)(28,205) 
Net loss available to common stockholders, diluted:(115,312)(127,905)(126,247)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net loss:(111,247)(99,700)(126,247)
Other comprehensive income (loss) (5,983)(782)
Other undisclosed comprehensive loss   
Comprehensive loss:(111,247)(105,683)(127,029)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,361(28,214)4
Comprehensive loss, net of tax, attributable to parent:(109,886)(133,897)(127,025)

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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