Core Scientific Inc. (CORZ) Financial Statements (2024 and earlier)

Company Profile

Business Address 106 EAST 6TH STREET, SUITE 900-145
AUSTIN, TX 78701
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6199 - Finance Services (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 investments50,40915,884971
Cash and cash equivalents50,40915,884971
Restricted cash and investments19,30036,356 
Receivables 257 
Prepaid expense 7,53828,308363
Other current assets   
Other undisclosed current assets 19,7694,297 
Total current assets:97,01685,1021,334
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization16,26884,092 
Operating lease, right-of-use asset7,84420,430 
Intangible assets, net (including goodwill)2,247(1,048,296) 
Goodwill  (1,050,000) 
Intangible assets, net (excluding goodwill)2,2471,704 
Other noncurrent assets19,6189,316 
Other undisclosed noncurrent assets569,1631,657,042345,035
Total noncurrent assets:615,140722,584345,035
TOTAL ASSETS:712,156807,686346,369
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities334,38771,5934,212
Taxes payable200
Accounts payable154,75153,641263
Accrued liabilities179,63617,9523,749
Deferred revenue  77,689 
Debt144,12936,242 
Other undisclosed current liabilities9,9071,265 
Total current liabilities:488,423186,7894,212
Noncurrent Liabilities
Long-term debt and lease obligation719,827  
Long-term debt, excluding current maturities684,082  
Finance lease, liability35,745  
Liabilities, other than long-term debt1,5122,93061,366
Deferred revenue   12,075
Other liabilities 2,210 
Operating lease, liability1,512720 
Derivative instruments and hedges, liabilities  49,291
Other undisclosed noncurrent liabilities99,3351,027,313 
Total noncurrent liabilities:820,6741,030,24361,366
Total liabilities:1,309,0971,217,03265,578
Temporary equity, carrying amount   345,000
Equity
Equity, attributable to parent, including:(596,941)(409,346)(64,210)
Common stock3636 
Additional paid in capital1,823,2601,764,368 
Accumulated deficit(2,420,237)(2,173,750)(64,211)
Other undisclosed equity, attributable to parent   1
Total equity:(596,941)(409,346)(64,210)
TOTAL LIABILITIES AND EQUITY:712,156807,686346,369

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Revenues502,400640,313 
Cost of revenue(378,941)(631,913) 
Gross profit:123,4598,400 
Operating expenses(110,067) (4,794)
Other undisclosed operating loss(4,431)(2,117,953)(420)
Operating income (loss):8,961(2,109,553)(5,214)
Nonoperating income (expense)(254,765)(53,856)69
Investment income, nonoperating   69
Interest and debt expense(1,787)(7,080) 
Loss from continuing operations before equity method investments, income taxes:(247,591)(2,170,489)(5,145)
Other undisclosed income from continuing operations before income taxes1,7877,080 
Loss from continuing operations before income taxes:(245,804)(2,163,409)(5,145)
Income tax expense (benefit)(683)17,091681
Loss from continuing operations:(246,487)(2,146,318)(4,464)
Loss before gain (loss) on sale of properties:(4,464)
Other undisclosed net loss   (28,035)
Net loss attributable to parent:(246,487)(2,146,318)(32,499)
Preferred stock dividends and other adjustments   38,489
Net income (loss) available to common stockholders, basic:(246,487)(2,146,318)5,991
Interest on convertible debt   
Net income (loss) available to common stockholders, diluted:(246,487)(2,146,318)5,991

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net loss:(246,487)(2,146,318)(32,499)
Comprehensive loss:(246,487)(2,146,318)(32,499)
Other undisclosed comprehensive income, net of tax, attributable to parent  10,966 
Comprehensive loss, net of tax, attributable to parent:(246,487)(2,135,352)(32,499)

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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