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
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments48,68065,56594,396110,272157,174192,917
Cash and cash equivalents15,82812,04113,88220,39925,05329,978
Short-term investments32,85253,52480,51489,873132,121162,939
Restricted cash and investments  20,43819,84017,91217,912 
Receivables33,29737,55336,45628,98628,77238,213
Inventory, net of allowances, customer advances and progress billings25,50030,41942,67054,54962,11042,575
Inventory25,50030,41942,67054,54962,11042,575
Prepaid expense 4,395   7,372 
Contract with customer, asset, after allowance for credit loss 1,677   433 
Derivative instruments and hedges, assets 992   2,714 
Disposal group, including discontinued operation6015554,22622,83223,507 
Deposits current assets 846   702 
Other current assets 280   32 
Other undisclosed current assets2,65013,8839,10112,578 11,786
Total current assets:118,918168,413206,689247,129300,728285,491
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization59,24561,51163,18564,86066,533 
Operating lease, right-of-use asset2,9345,5425,6285,0081,660 
Property, plant and equipment79,04399,62899,65899,36699,759126,211
Intangible assets, net (including goodwill), including:5,2267,5877,77427,18927,37742,148
Goodwill     19,226 
Intangible assets, net (excluding goodwill) 5,226   8,151 
Other undisclosed intangible assets, net (including goodwill) 7,5877,77427,189 42,148
Other noncurrent assets9,3989,8389,3675,3624,8634,545
Other undisclosed noncurrent assets      72,882
Total noncurrent assets:155,846184,106185,612201,785200,192245,786
TOTAL ASSETS:274,764352,519392,301448,914500,920531,277
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities40,96932,77342,83138,80470,15256,369
Accounts payable17,13214,13420,60719,79436,71726,451
Accrued liabilities23,83718,63922,22419,01033,43529,918
Debt58,90639,5165,9715,7585,5603,173
Disposal group, including discontinued operation5598714,03113,97516,441 
Other undisclosed current liabilities1,4891,4561,3106793643,352
Total current liabilities:101,92374,61654,14359,21692,51762,894
Noncurrent Liabilities
Long-term debt and lease obligation78,932148,995180,931179,534180,422106,507
Long-term debt, excluding current maturities5,25073,596105,185103,447103,991106,507
Finance lease, liability73,68275,39975,74676,08776,431 
Liabilities, other than long-term debt6,6756,7196,9094,8461,703480
Deferred income tax liabilities  155155295283297
Other liabilities172231242259129183
Operating lease, liability6,5036,3336,5124,2921,291 
Other undisclosed noncurrent liabilities1,1911,71513,71510,67932,376119,294
Total noncurrent liabilities:86,798157,429201,555195,059214,501226,281
Total liabilities:188,721232,045255,698254,275307,018289,175
Equity
Equity, attributable to parent86,043120,474136,603194,639193,902242,102
Common stock212121212121
Additional paid in capital611,477609,554608,522612,385609,450605,884
Accumulated other comprehensive loss(1,669)(3,162)(3,571)(6,239)(7,095)(8,935)
Accumulated deficit(523,786)(485,939)(468,369)(411,528)(408,474)(354,868)
Total equity:86,043120,474136,603194,639193,902242,102
TOTAL LIABILITIES AND EQUITY:274,764352,519392,301448,914500,920531,277

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues116,589113,066109,038134,64347,862130,179
Cost of revenue
(Cost of Goods and Services Sold)
(109,593)(108,927)(106,070)(125,120)(49,056)(125,812)
Gross profit:6,9964,1392,9689,523(1,194)4,367
Operating expenses(30,512)(28,399)(40,390)(28,809)(26,118)(32,475)
Operating loss:(23,516)(24,260)(37,422)(19,286)(27,312)(28,108)
Nonoperating income (expense)(14,603)5,023(11,831)14,4561,940(2,048)
Other nonoperating income (expense)(487)201(1,921)(868)(193)195
Other undisclosed loss from continuing operations before equity method investments, income taxes (7,130)   (7,101) 
Loss from continuing operations before equity method investments, income taxes:(45,249)(19,237)(49,253)(4,830)(32,473)(30,156)
Other undisclosed income from continuing operations before income taxes 7,130   7,101 
Loss from continuing operations before income taxes:(38,119)(19,237)(49,253)(4,830)(25,372)(30,156)
Income tax expense (benefit) 75(6)138(15)(29)(13)
Loss from continuing operations:(38,044)(19,243)(49,115)(4,845)(25,401)(30,169)
Loss before gain (loss) on sale of properties:(30,169)
Net loss:(38,044)(19,243)(49,115)(4,845)(25,401)(30,169)
Other undisclosed net income (loss) attributable to parent1971,673(7,726)1,791(28,205) 
Net loss available to common stockholders, diluted:(37,847)(17,570)(56,841)(3,054)(53,606)(30,169)

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net loss:(38,044)(19,243)(49,115)(4,845)(25,401)(30,169)
Other comprehensive income (loss)  4092,6688561,803(1,856)
Other undisclosed comprehensive loss (3,933)     
Comprehensive loss:(41,977)(18,834)(46,447)(3,989)(23,598)(32,025)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent5,6231,673(7,726)1,791(28,168)(1)
Comprehensive loss, net of tax, attributable to parent:(36,354)(17,161)(54,173)(2,198)(51,766)(32,026)

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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