Churchill Capital Corp V (CCVU) financial statements (2022 and earlier)

Company profile

Business Address 640 FIFTH AVENUE, 12TH FLOOR
NEW YORK, NY 10019
State of Incorp. DE
Fiscal Year End December 31
SIC 677 - Blank Checks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2071,505
Cash and cash equivalents2071,505
Prepaid expense35722
Total current assets:5641,527
Noncurrent Assets
Assets held-in-trust500,031499,983
Total noncurrent assets:500,031499,983
TOTAL ASSETS:500,595501,510
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities33553
Accrued liabilities33553
Total current liabilities:33553
Noncurrent Liabilities
Liabilities, other than long-term debt861 
Due to related parties861 
Total noncurrent liabilities:861 
Other undisclosed liabilities40,78544,980
Total liabilities:41,98145,033
Temporary equity, carrying amount500,000499,983
Stockholders' equity
Stockholders' equity attributable to parent, including:(41,387)(43,506)
Accumulated deficit(41,388)(43,507)
Other undisclosed stockholders' equity attributable to parent11
Total stockholders' equity:(41,387)(43,506)
TOTAL LIABILITIES AND EQUITY:500,595501,510

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

12/31/2021
12/31/2020
Gross profit:(2,395) 
Operating loss:(2,395) 
Nonoperating income4,531 
Interest and debt expense(53) 
Income from continuing operations before income taxes:2,083 
Income tax benefit461 
Income before gain (loss) on sale of properties:2,544 
Other undisclosed net loss(408) 
Net income attributable to parent:2,136 
Preferred stock dividends and other adjustments(17) 
Net income available to common stockholders, diluted:2,119 

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
Net income:2,136 
Comprehensive income, net of tax, attributable to parent:2,136 

Statements sources

The financial statements are based on the company's filings with the 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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