EVgo Inc. (EVGO) Financial Statements (2024 and earlier)

Company Profile

Business Address 11835 WEST OLYMPIC BOULEVARD
LOS ANGELES, CA 90064
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 75 - Automotive Repair, Services, And Parking (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including: 484,881990
Cash and cash equivalents  990
Other undisclosed cash, cash equivalents, and short-term investments  484,881 
Receivables11,0754,059 
Prepaid expense 4,9536,395261
Other current assets 5,2521,389 
Other undisclosed current assets254,2049,621 
Total current assets:275,484506,3451,252
Noncurrent Assets
Operating lease, right-of-use asset51,856  
Property, plant and equipment308,112133,282 
Intangible assets, net (including goodwill)91,664103,279 
Goodwill31,05231,052 
Intangible assets, net (excluding goodwill)60,61272,227 
Asset, held-in-trust   230,003
Restricted cash and investments 300300 
Other noncurrent assets2,3083,115 
Total noncurrent assets:454,240239,976230,003
TOTAL ASSETS:729,724746,321231,255
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities48,36130,024748
Accounts payable9,1282,94625
Accrued liabilities39,23327,078723
Deferred revenue16,0235,144 
Customer refund liability17,86711,592 
Other liabilities136111 
Other undisclosed current liabilities4,958  
Total current liabilities:87,34546,871748
Noncurrent Liabilities
Liabilities, other than long-term debt99,09688,36032,844
Deferred revenue23,90021,709 
Asset retirement obligations15,47312,833 
Other liabilities  146 
Operating lease, liability45,689  
Business combination, contingent consideration, liability1,7305,211 
Derivative instruments and hedges, liabilities12,30448,46132,844
Other undisclosed noncurrent liabilities26,15723,1698,050
Total noncurrent liabilities:125,253111,52940,894
Total liabilities:212,598158,40041,642
Temporary equity, carrying amount875,2261,946,252 
Equity
Equity, attributable to parent, including:(358,100)(1,358,331)5,000
Additional paid in capital17,533 19,301
Accumulated deficit(375,660)(1,358,358)(14,302)
Other undisclosed equity, attributable to parent27271
Other undisclosed equity   184,613
Total equity:(358,100)(1,358,331)189,613
TOTAL LIABILITIES AND EQUITY:729,724746,321231,255

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues54,58822,214 
Cost of revenue(60,239)(29,044) 
Cost of goods and services sold (60,239)(29,044) 
Gross profit:(5,651)(6,830) 
Operating expenses(143,852)(83,001) 
Operating loss:(149,503)(89,831) 
Nonoperating income43,28132,069 
Interest and debt expense (21)(1,926) 
Loss from continuing operations before equity method investments, income taxes:(106,243)(59,688) 
Other undisclosed income from continuing operations before income taxes 21  
Loss from continuing operations before income taxes:(106,222)(59,688) 
Income tax expense(18)  
Loss from continuing operations:(106,240)(59,688) 
Loss before gain (loss) on sale of properties:(59,688)
Other undisclosed net income  1,926 
Net loss:(106,240)(57,762) 
Net income attributable to noncontrolling interest78,66551,856 
Net loss attributable to parent:(27,575)(5,906) 
Undistributed earnings (loss) allocated to participating securities, basic28562 
Net loss available to common stockholders, basic:(27,290)(5,844) 
Other undisclosed net income available to common stockholders, diluted 349  
Net loss available to common stockholders, diluted:(26,941)(5,844) 

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net loss:(106,240)(57,762) 
Comprehensive loss:(106,240)(57,762) 
Comprehensive income, net of tax, attributable to noncontrolling interest78,66551,856 
Comprehensive loss, net of tax, attributable to parent:(27,575)(5,906) 

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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