FREYR Battery (FREY) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
22-24, BOULEVARD ROYAL GRAND DUCHY OF LUXEMBOURG, L-2449 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 369 - Miscellaneous Electrical Machinery, Equipment, and Supplies (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|
| ASSETS | ||||
| Current Assets | ||||
| Cash, cash equivalents, and short-term investments | 443,063 | 563,956 | ||
| Cash and cash equivalents | 443,063 | 563,956 | ||
| Restricted cash and investments | 119,982 | 1,671 | ||
| Prepaid expense | 8,293 | 15,882 | ||
| Other current assets | 8,117 | 1,282 | ||
| Total current assets: | 579,455 | 582,791 | ||
| Noncurrent Assets | ||||
| Operating lease, right-of-use asset | 14,538 | |||
| Property, plant and equipment | 210,777 | 21,062 | ||
| Long-term investments and receivables | 19,965 | 3,180 | ||
| Long-term investments | 19,965 | 3,180 | ||
| Intangible assets, net (including goodwill) | 2,963 | |||
| Intangible assets, net (excluding goodwill) | 2,963 | |||
| Other undisclosed noncurrent assets | 20,000 | |||
| Total noncurrent assets: | 248,243 | 44,242 | ||
| TOTAL ASSETS: | 827,698 | 627,033 | ||
| LIABILITIES AND EQUITY | ||||
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts payable and accrued liabilities | 58,211 | 18,878 | ||
| Accounts payable | 6,765 | 3,813 | ||
| Accrued liabilities | 51,446 | 15,065 | ||
| Deferred revenue | 1,380 | |||
| Deferred compensation liability | 4,367 | 2,211 | ||
| Due to related parties | 3,316 | |||
| Other liabilities | 12 | |||
| Total current liabilities: | 62,578 | 25,797 | ||
| Noncurrent Liabilities | ||||
| Liabilities, other than long-term debt | 44,993 | 6,627 | ||
| Deferred compensation liability, classified | 6,627 | |||
| Operating lease, liability | 11,144 | |||
| Derivative instruments and hedges, liabilities | 33,849 | |||
| Other undisclosed noncurrent liabilities | 49,124 | |||
| Total noncurrent liabilities: | 44,993 | 55,751 | ||
| Total liabilities: | 107,571 | 81,548 | ||
| Equity | ||||
| Equity, attributable to parent | 717,455 | 545,485 | ||
| Common stock | 139,854 | 116,854 | ||
| Treasury stock, value | (1,041) | |||
| Additional paid in capital | 772,602 | 533,418 | ||
| Accumulated other comprehensive income (loss) | 9,094 | (524) | ||
| Accumulated deficit | (203,054) | (104,263) | ||
| Equity, attributable to noncontrolling interest | 2,672 | |||
| Total equity: | 720,127 | 545,485 | ||
| TOTAL LIABILITIES AND EQUITY: | 827,698 | 627,033 | ||
Income Statement (P&L) ($ in thousands)
| 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|
| Revenues (Operating Lease, Lease Income) | 10,000 | ||
| Gross profit: | 10,000 | ||
| Operating expenses | (122,488) | (75,633) | |
| Other undisclosed operating loss | (10,000) | ||
| Operating loss: | (122,488) | (75,633) | |
| Nonoperating income | 23,369 | 4,042 | |
| Gain, foreign currency transaction, before tax | 2,512 | 1,325 | |
| Other nonoperating income | 5,171 | 2,400 | |
| Interest and debt expense | (3) | ||
| Loss from continuing operations before equity method investments, income taxes: | (99,119) | (71,594) | |
| Other undisclosed loss from continuing operations before income taxes | (21,784) | ||
| Loss from continuing operations: | (99,119) | (93,378) | |
| Loss before gain (loss) on sale of properties: | ✕ | (93,378) | |
| Net loss: | (99,119) | (93,378) | |
| Net income attributable to noncontrolling interest | 328 | ||
| Net loss available to common stockholders, diluted: | (98,791) | (93,378) | |
Comprehensive Income ($ in thousands)
| 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|
| Net loss: | (99,119) | (93,378) | |
| Other comprehensive income | 9,618 | 1,182 | |
| Other undisclosed comprehensive loss | (2,364) | ||
| Comprehensive loss: | (89,501) | (94,560) | |
| Comprehensive income, net of tax, attributable to noncontrolling interest | 328 | ||
| Comprehensive loss, net of tax, attributable to parent: | (89,173) | (94,560) | |
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.