Electric Last Mile Solutions, Inc. (ELMS) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
1055 W. SQUARE LAKE ROAD TROY, MI 48098 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3711 - Motor Vehicles and Passenger Car Bodies (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 171,529 | 1,038 | 1,555 | 1,815 | |||
| Cash and cash equivalents | 171,529 | 1,038 | 1,555 | 1,815 | |||
| Restricted cash and investments | 45,902 | ||||||
| Receivables | |||||||
| Inventory, net of allowances, customer advances and progress billings | 824 | ||||||
| Inventory | 824 | ||||||
| Prepaid expense | 174 | 157 | 191 | ||||
| Other undisclosed current assets | 3,809 | ||||||
| Total current assets: | 222,064 | 1,212 | 1,713 | 2,006 | |||
| Noncurrent Assets | |||||||
| Property, plant and equipment | 191,966 | ||||||
| Intangible assets, net (including goodwill) | 6,141 | ||||||
| Intangible assets, net (excluding goodwill) | 6,141 | ||||||
| Asset, held-in-trust | 250,004 | 250,067 | 250,023 | ||||
| Other undisclosed noncurrent assets | 661 | ||||||
| Total noncurrent assets: | 198,768 | 250,004 | 250,067 | 250,023 | |||
| TOTAL ASSETS: | 420,832 | 251,217 | 251,780 | 252,029 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities, including: | 9,817 | 3,815 | 3,330 | 38 | |||
| Accounts payable | 7,076 | ||||||
| Accrued liabilities | 2,741 | 3,330 | 38 | ||||
| Other undisclosed accounts payable and accrued liabilities | 3,815 | ||||||
| Debt | 66,658 | 1,200 | |||||
| Due to related parties | 94 | ||||||
| Total current liabilities: | 76,475 | 5,015 | 3,330 | 132 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 42,716 | ||||||
| Long-term debt, excluding current maturities | 42,716 | ||||||
| Liabilities, other than long-term debt | 557 | ||||||
| Liability, pension and other postretirement and postemployment benefits | 114 | ||||||
| Other liabilities | 443 | ||||||
| Other undisclosed noncurrent liabilities | 19,447 | 38,610 | 8,750 | ||||
| Total noncurrent liabilities: | 62,720 | 38,610 | 8,750 | ||||
| Other undisclosed liabilities | 23,875 | ||||||
| Total liabilities: | 139,195 | 28,890 | 41,940 | 8,882 | |||
| Temporary equity, carrying amount | 217,326 | 204,840 | 238,147 | ||||
| Equity | |||||||
| Equity, attributable to parent, including: | 281,637 | 5,000 | 5,000 | 5,000 | |||
| Common stock | 12 | 0 | |||||
| Additional paid in capital | 301,467 | 21,876 | 34,362 | 5,104 | |||
| Accumulated deficit | (19,842) | (16,877) | (29,363) | (105) | |||
| Other undisclosed equity, attributable to parent | 1 | 1 | 1 | ||||
| Total equity: | 281,637 | 5,000 | 5,000 | 5,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 420,832 | 251,217 | 251,780 | 252,029 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | ||
|---|---|---|---|---|---|---|
| Revenues | ||||||
| Cost of revenue | ||||||
| Gross profit: | ||||||
| Operating expenses | (7,470) | (1,054) | (3,491) | (125) | ||
| Operating loss: | (7,470) | (1,054) | (3,491) | (125) | ||
| Nonoperating income (Other Nonoperating income) | 2 | |||||
| Interest and debt expense | (2,063) | |||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (25,744) | |||||
| Loss from continuing operations before equity method investments, income taxes: | (9,531) | (1,054) | (29,235) | (125) | ||
| Other undisclosed income from continuing operations before income taxes | 945 | |||||
| Loss from continuing operations: | (8,586) | (1,054) | (29,235) | (125) | ||
| Loss before gain (loss) on sale of properties: | (8,586) | (1,054) | (29,235) | (125) | ||
| Net loss: | (8,586) | (1,054) | (29,235) | (125) | ||
| Other undisclosed net income (loss) attributable to parent | 13,541 | (23) | 23 | |||
| Net income (loss) available to common stockholders, diluted: | (8,586) | 12,487 | (29,258) | (102) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | ||
|---|---|---|---|---|---|---|
| Net loss: | (8,586) | (1,054) | (29,235) | (125) | ||
| Comprehensive loss, net of tax, attributable to parent: | (8,586) | (1,054) | (29,235) | (125) | ||
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.