FAST Acquisition Corp. II (FZT) Financial Statements (2024 and earlier)

Company Profile

Business Address 109 OLD BRANCHVILLE ROAD
RIDGEFIELD, CT 06877
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) ($ in thousands)

6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments675552554397156584
Cash and cash equivalents675552554397156584
Prepaid expense8267169271299378
Total current assets:757619723668455962
Noncurrent Assets
Intangible assets, net (including goodwill)  5,000    
Intangible assets, net (excluding goodwill)  5,000    
Customer funds2,000     
Other undisclosed noncurrent assets71,615219,656223,528222,508222,321222,381
Total noncurrent assets:73,615224,656223,528222,508222,321222,381
TOTAL ASSETS:74,372225,275224,250223,176222,776223,343
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,4632,7192,7751,469346507
Taxes payable1831349200
Accounts payable3,3182,5942,4651,331278166
Accrued liabilities14512512712419141
Debt2,096     
Due to related parties15   15
Other undisclosed current liabilities1,5971,1881,315631  
Total current liabilities:7,1563,9224,0892,099346522
Noncurrent Liabilities
Liabilities, other than long-term debt12,31614,38513,1658,96511,03416,443
Deferred compensation liability, classified7,7827,7827,7827,7827,7827,782
Derivative instruments and hedges, liabilities4,5346,6045,3831,1833,2538,661
Total noncurrent liabilities:12,31614,38513,1658,96511,03416,443
Total liabilities:19,47218,30817,25411,06411,38016,965
Temporary equity, carrying amount73,525224,463223,045222,337222,337222,337
Equity
Equity, attributable to parent, including:(18,625)(17,495)(16,049)(10,225)(10,942)(15,959)
Common stock, share subscribed but unissued, subscriptions receivable(40,000)     
Accumulated deficit(18,625)(17,496)(16,049)(10,226)(10,942)(15,959)
Other additional capital      
Other undisclosed equity, attributable to parent40,00111111
Total equity:(18,625)(17,495)(16,049)(10,225)(10,942)(15,959)
TOTAL LIABILITIES AND EQUITY:74,372225,275224,250223,176222,776223,343

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

6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
Revenues
(Fee Income)
 1,000     
Cost of revenue
(Cost of Goods and Services Sold)
 (1,532)     
Gross profit: (532)     
Operating expenses(1,165)(416)(1,542)(1,616)(282)(205)
Other operating expense, net
(Other Expenses)
(50)(50)(50)(51)  
Other undisclosed operating income (loss) 532   (49)(51)
Operating loss:(1,216)(466)(1,592)(1,666)(331)(256)
Nonoperating income (expense)
(Investment Income, Nonoperating)
2,0191,8451,052337(60)18
Income (loss) from continuing operations before equity method investments, income taxes:8031,379(540)(1,329)(391)(238)
Other undisclosed income (loss) from continuing operations before income taxes2,3192,062    
Income (loss) from continuing operations before income taxes:3,1223,441(540)(1,329)(391)(238)
Income tax expense(413)(377)(202)(13)(49)(200)
Income (loss) from continuing operations:2,7083,064(741)(1,343)(441)(438)
Loss before gain (loss) on sale of properties:(741)(1,343)(441)(438)
Other undisclosed net income     5,4584,686
Net income (loss):2,7083,064(741)(1,343)5,0174,247
Other undisclosed net income (loss) attributable to parent  (3,093)(4,374)2,059 (4,134)
Net income (loss) attributable to parent:2,708(29)(5,116)7175,017113
Preferred stock dividends and other adjustments     (12,332) 
Net income (loss) available to common stockholders, diluted:2,708(29)(5,116)717(7,315)113

Comprehensive Income ($ in thousands)

6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
Net income (loss):2,7083,064(741)(1,343)5,0174,247
Comprehensive income (loss), net of tax, attributable to parent:2,7083,064(741)(1,343)5,0174,247

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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