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)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments250     
Cash and cash equivalents250     
Restricted cash and investments      300,680
Receivables37,58227,15523,79729,26311,0756,545
Prepaid expense   2,7834,0774,9534,797
Other current assets   3,53710,5015,2521,831
Other undisclosed current assets229,574251,184267,029172,930254,2048,957
Total current assets:267,406278,339297,146216,771275,484322,810
Noncurrent Assets
Operating lease, right-of-use asset67,72456,19053,89554,67051,85644,507
Property, plant and equipment389,227397,927383,822367,195308,112264,465
Intangible assets, net (including goodwill)80,04982,95385,85788,76091,66494,568
Goodwill31,05231,05231,05231,05231,05231,052
Intangible assets, net (excluding goodwill)48,99751,90154,80557,70860,61263,516
Restricted cash and investments   300300300300
Other noncurrent assets2,2081,8882,1152,1372,3082,553
Total noncurrent assets:539,208538,958525,989513,062454,240406,393
TOTAL ASSETS:806,614817,297823,135729,833729,724729,203
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities50,68255,71747,27658,76648,36149,715
Accounts payable10,13317,6056,44518,6409,1283,665
Accrued liabilities40,54938,11240,83140,12639,23346,050
Deferred revenue23,11419,90416,70124,52916,0239,479
Customer refund liability 9,23510,90811,38612,83317,8679,797
Other liabilities29861280415136611
Due to related parties 24
Other undisclosed current liabilities6,0185,7195,5755,5904,9584,701
Total current liabilities:89,34792,30981,218102,13387,34574,327
Noncurrent Liabilities
Long-term debt and lease obligation:      38,326
Liabilities, other than long-term debt141,105123,119120,982125,25799,09674,759
Deferred revenue55,09146,17442,16237,17523,90020,918
Asset retirement obligations18,23219,35518,47717,37115,47316,478
Operating lease, liability61,98750,21647,75348,23445,68938,326
Business combination, contingent consideration, liability 6548551,2973,7931,7303,883
Derivative instruments and hedges, liabilities5,1416,51911,29318,68412,30433,480
Other undisclosed noncurrent liabilities35,78733,43430,34528,15226,15725,617
Total noncurrent liabilities:176,892156,553151,327153,409125,253138,702
Total liabilities:266,239248,862232,545255,542212,598213,029
Temporary equity, carrying amount 700,964661,804783,2001,525,282875,2261,548,778
Equity
Equity, attributable to parent, including:(160,589)(93,369)(192,610)(1,050,991)(358,100)(1,032,604)
Additional paid in capital87,928142,543  17,533 
Accumulated deficit(248,547)(235,942)(192,640)(1,051,018)(375,660)(1,032,631)
Other undisclosed equity, attributable to parent303030272727
Other undisclosed equity      
Total equity:(160,589)(93,369)(192,610)(1,050,991)(358,100)(1,032,604)
TOTAL LIABILITIES AND EQUITY:806,614817,297823,135729,833729,724729,203

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues49,99435,10750,55225,30027,30310,509
Cost of revenue(46,454)(34,503)(45,023)(25,259)(28,402)(13,717)
Cost of goods and services sold  (34,503)(45,023)(25,259)(28,402)(13,717)
Gross profit:3,5406045,52941(1,099)(3,208)
Operating expenses(44,356)(36,976)(39,116)(42,673)(41,389)(36,838)
Operating loss:(40,816)(36,372)(33,587)(42,632)(42,488)(40,046)
Nonoperating income (expense)4,2278,11512,085(6,444)25,435(10,876)
Investment income, nonoperating  2,8982,1991,9982,1521,636
Interest and debt expense      (8)
Loss from continuing operations before equity method investments, income taxes:(36,589)(28,257)(21,502)(49,076)(17,053)(50,930)
Other undisclosed income from continuing operations before income taxes      8
Loss from continuing operations before income taxes:(36,589)(28,257)(21,502)(49,076)(17,053)(50,922)
Income tax expense (benefit)  (37)(5)4 
Loss from continuing operations:(36,589)(28,257)(21,539)(49,081)(17,049)(50,922)
Loss before gain (loss) on sale of properties:(50,922)
Net loss:(36,589)(28,257)(21,539)(49,081)(17,049)(50,922)
Net income attributable to noncontrolling interest23,98518,53614,51336,00512,61237,704
Net loss attributable to parent:(12,604)(9,721)(7,026)(13,076)(4,437)(13,218)
Undistributed earnings (loss) allocated to participating securities, basic88685913145137
Net loss available to common stockholders, basic:(12,516)(9,653)(6,967)(12,945)(4,392)(13,081)
Other undisclosed net income available to common stockholders, diluted     349 
Net loss available to common stockholders, diluted:(12,516)(9,653)(6,967)(12,945)(4,043)(13,081)

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net loss:(36,589)(28,257)(21,539)(49,081)(17,049)(50,922)
Other undisclosed comprehensive income      47
Comprehensive loss:(36,589)(28,257)(21,539)(49,081)(17,049)(50,875)
Comprehensive income, net of tax, attributable to noncontrolling interest23,98518,53614,51336,00512,61237,669
Comprehensive loss, net of tax, attributable to parent:(12,604)(9,721)(7,026)(13,076)(4,437)(13,206)

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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