Churchill Capital Corp VII (CVII) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) (USD)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,869,6994,235,3884,155,162
Cash and cash equivalents4,869,6994,235,3884,155,162
Prepaid expense141,166161,9411,123,588
Total current assets:5,010,8654,397,3295,278,750
Noncurrent Assets
Asset, held-in-trust611,993,1021,398,987,4781,380,345,892
Total noncurrent assets:611,993,1021,398,987,4781,380,345,892
TOTAL ASSETS:617,003,9671,403,384,8071,385,624,642
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,895,840281,977279,250
Taxes payable24,241
Accrued liabilities1,895,840281,977255,009
Other liabilities8,000,000  
Other undisclosed current liabilities12,039,0003,332,481 
Total current liabilities:21,934,8403,614,458279,250
Noncurrent Liabilities
Other undisclosed noncurrent liabilities25,784,49452,200,338108,826,000
Total noncurrent liabilities:25,784,49452,200,338108,826,000
Total liabilities:47,719,33455,814,796109,105,250
Temporary equity, carrying amount  1,394,751,9691,380,000,000
Equity
Equity, attributable to parent, including:(42,867,974)(47,181,958)(103,480,608)
Additional paid in capital22,016,451  
Accumulated deficit(64,887,875)(47,185,408)(103,484,058)
Other undisclosed equity, attributable to parent3,4503,4503,450
Other undisclosed equity612,152,607  
Total equity:569,284,633(47,181,958)(103,480,608)
TOTAL LIABILITIES AND EQUITY:617,003,9671,403,384,8071,385,624,642

Income Statement (P&L) (USD)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Operating expenses(6,600,755)(2,317,174)(2,375,036)
Operating loss:(6,600,755)(2,317,174)(2,375,036)
Nonoperating income (expense)35,985,87177,536,586(1,928,851)
Income (loss) from continuing operations before income taxes:29,385,11675,219,412(4,303,887)
Income tax expense(13,000,039)(4,168,793)(24,241)
Income (loss) from continuing operations:16,385,07771,050,619(4,328,128)
Loss before gain (loss) on sale of properties:(4,328,128)
Net income (loss) attributable to parent:16,385,07771,050,619(4,328,128)
Preferred stock dividends and other adjustments(33,681,683)(14,751,969)(99,176,480)
Net income (loss) available to common stockholders, diluted:(17,296,606)56,298,650(103,504,608)

Comprehensive Income (USD)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net income (loss):16,385,07771,050,619(4,328,128)
Comprehensive income (loss), net of tax, attributable to parent:16,385,07771,050,619(4,328,128)

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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