Complete Solaria Inc. (CSLR) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
C/O MAPLES CORPORATE SERVICES LIMITED GRAND CAYMAN, KY1-1104 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3674 - Semiconductors and Related Devices (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments, including: | 2,600 | 73 | 278 | |||
| Cash and cash equivalents | 2,593 | 73 | 278 | |||
| Other undisclosed cash, cash equivalents, and short-term investments | 7 | |||||
| Receivables | 26,281 | |||||
| Inventory, net of allowances, customer advances and progress billings | 3,058 | |||||
| Inventory | 3,058 | |||||
| Prepaid expense | 1,632 | 121 | 724 | |||
| Derivative instruments and hedges, assets | ||||||
| Other undisclosed current assets | 4,178 | |||||
| Total current assets: | 37,749 | 194 | 1,002 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 1,235 | |||||
| Property, plant and equipment | 4,317 | |||||
| Prepaid expense | 113 | |||||
| Asset, held-in-trust | 349,927 | 345,106 | ||||
| Restricted cash and investments | 3,823 | |||||
| Other noncurrent assets | 198 | |||||
| Total noncurrent assets: | 9,573 | 349,927 | 345,219 | |||
| TOTAL ASSETS: | 47,322 | 350,121 | 346,220 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities, including: | 31,193 | 4,858 | 2,580 | |||
| Accounts payable | 13,122 | |||||
| Accrued liabilities | 18,071 | |||||
| Other undisclosed accounts payable and accrued liabilities | 4,858 | 2,580 | ||||
| Deferred revenue | 2,423 | |||||
| Debt | 61,957 | 829 | ||||
| Derivative instruments and hedges, liabilities | 3,831 | |||||
| Other undisclosed current liabilities | 9,779 | |||||
| Total current liabilities: | 109,183 | 5,687 | 2,580 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | ||||||
| Long-term debt, excluding current maturities | ||||||
| Liabilities, other than long-term debt | 8,551 | 3,019 | 12,075 | |||
| Accounts payable and accrued liabilities | 3,416 | |||||
| Deferred revenue | 1,055 | |||||
| Deferred compensation liability, classified | 3,019 | 12,075 | ||||
| Other liabilities | 3,416 | |||||
| Operating lease, liability | 664 | |||||
| Derivative instruments and hedges, liabilities | ||||||
| Other undisclosed noncurrent liabilities | 6,401 | 2,978 | 8,488 | |||
| Total noncurrent liabilities: | 14,952 | 5,997 | 20,563 | |||
| Total liabilities: | 124,135 | 11,684 | 23,143 | |||
| Temporary equity, carrying amount | 349,927 | 345,000 | ||||
| Equity | ||||||
| Equity, attributable to parent, including: | (76,813) | (11,490) | (21,922) | |||
| Common stock | 7 | |||||
| Additional paid in capital | 277,965 | 6,057 | ||||
| Accumulated other comprehensive income | 143 | |||||
| Accumulated deficit | (354,928) | (17,549) | (21,923) | |||
| Other undisclosed equity, attributable to parent | 1 | 1 | ||||
| Total equity: | (76,813) | (11,490) | (21,922) | |||
| TOTAL LIABILITIES AND EQUITY: | 47,322 | 350,121 | 346,220 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Revenues | 87,616 | ||||
| Loss on disposition of assets for financial service operations | |||||
| Other income | 700 | ||||
| Cost of revenue | (69,828) | ||||
| Gross profit: | 17,788 | ||||
| Operating expenses | (70,146) | (4,407) | (3,782) | ||
| Operating loss: | (52,358) | (4,407) | (3,782) | ||
| Nonoperating income (expense) | (43,859) | 10,389 | 8,911 | ||
| Investment income, nonoperating | 36 | 4,822 | 106 | ||
| Other nonoperating expense | (29,862) | ||||
| Interest and debt expense | (14,033) | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (110,250) | 5,982 | 5,129 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 14,033 | ||||
| Income (loss) from continuing operations before income taxes: | (96,217) | 5,982 | 5,129 | ||
| Income tax benefit | 20 | ||||
| Income (loss) from continuing operations: | (96,197) | 5,982 | 5,129 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 5,129 | |
| Income (loss) from discontinued operations | (25,853) | ||||
| Net income (loss): | (122,050) | 5,982 | 5,129 | ||
| Other undisclosed net loss attributable to parent | (147,505) | ||||
| Net income (loss) attributable to parent: | (269,555) | 5,982 | 5,129 | ||
| Preferred stock dividends and other adjustments | (345,000) | ||||
| Other undisclosed net income available to common stockholders, basic | 345,000 | ||||
| Net income (loss) available to common stockholders, diluted: | (269,555) | 5,982 | 5,129 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net income (loss): | (122,050) | 5,982 | 5,129 | ||
| Other comprehensive loss | (116) | ||||
| Other undisclosed comprehensive loss | |||||
| Comprehensive income (loss): | (122,166) | 5,982 | 5,129 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (147,273) | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (269,439) | 5,982 | 5,129 | ||
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.