Canoo Inc. (GOEV) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
19951 MARINER AVENUE TORRANCE, CA 90503 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3714 - Motor Vehicle Parts and Accessories (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 6,394 | 36,589 | 224,721 | 702,422 | 1,124 | |||
| Cash and cash equivalents | 6,394 | 36,589 | 224,721 | 702,422 | 1,124 | |||
| Restricted cash and investments | 3,905 | 3,426 | ||||||
| Inventory, net of allowances, customer advances and progress billings | 6,153 | 2,954 | ||||||
| Inventory | 6,153 | 2,954 | ||||||
| Prepaid expense | 50 | |||||||
| Other current assets | 16,099 | 9,350 | 63,814 | |||||
| Other undisclosed current assets | 2,771 | 6,463 | ||||||
| Total current assets: | 32,551 | 52,319 | 291,306 | 708,885 | 1,174 | |||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 36,241 | 39,331 | 14,228 | 12,913 | ||||
| Property, plant and equipment | 377,100 | 311,400 | 202,314 | 30,426 | ||||
| Asset, held-in-trust | 307,338 | |||||||
| Restricted cash and investments | 10,600 | 10,600 | ||||||
| Other noncurrent assets | 5,338 | 2,647 | 15,226 | 1,246 | ||||
| Other undisclosed noncurrent assets | 80,175 | 80,175 | ||||||
| Total noncurrent assets: | 509,454 | 444,153 | 231,768 | 44,585 | 307,338 | |||
| TOTAL ASSETS: | 542,005 | 496,472 | 523,074 | 753,470 | 308,512 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 129,207 | 166,278 | 136,192 | 27,868 | 2,165 | |||
| Accounts payable | 65,306 | 103,187 | 52,267 | 17,243 | 46 | |||
| Accrued liabilities | 63,901 | 63,091 | 83,925 | 10,625 | 2,119 | |||
| Debt | 51,180 | 34,829 | ||||||
| Deferred compensation liability | 116 | |||||||
| Derivative instruments and hedges, liabilities | 860 | 17,171 | ||||||
| Other undisclosed current liabilities | 3,200 | |||||||
| Total current liabilities: | 184,447 | 218,278 | 136,192 | 27,868 | 2,281 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 13,826 | 20,205 | ||||||
| Long-term debt, excluding current maturities | 6,943 | |||||||
| Liabilities, other than long-term debt | 61,641 | 38,608 | 39 | 10,179 | ||||
| Deferred compensation liability, classified | 10,179 | |||||||
| Other liabilities | 39 | |||||||
| Operating lease, liability | 35,722 | 38,608 | 13,826 | 13,262 | ||||
| Derivative instruments and hedges, liabilities | 25,919 | |||||||
| Other undisclosed noncurrent liabilities | 46,341 | 3,013 | 15,231 | 133,503 | ||||
| Total noncurrent liabilities: | 107,982 | 41,621 | 42,883 | 153,747 | 10,179 | |||
| Total liabilities: | 292,429 | 259,899 | 179,075 | 181,615 | 12,460 | |||
| Temporary equity, carrying amount | 291,052 | |||||||
| Equity | ||||||||
| Equity, attributable to parent, including: | 249,576 | 236,573 | 343,999 | 571,855 | 5,000 | |||
| Preferred stock | 5,607 | |||||||
| Common stock | 85 | 35 | 24 | 24 | ||||
| Additional paid in capital | 1,725,728 | 1,416,361 | 1,036,104 | 920,324 | 3,842 | |||
| Retained earnings (accumulated deficit) | (1,481,844) | (1,179,823) | (692,129) | (348,493) | 1,157 | |||
| Other undisclosed equity, attributable to parent | 1 | |||||||
| Total equity: | 249,576 | 236,573 | 343,999 | 571,855 | 5,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 542,005 | 496,472 | 523,074 | 753,470 | 308,512 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 886 | 2,550 | |||||
| Cost of revenue | (2,374) | (11,554) | (8,921) | (7,795) | |||
| Cost of goods and services sold | (2,182) | (8,921) | (7,795) | ||||
| Other undisclosed gross profit | |||||||
| Gross profit: | (1,488) | (11,554) | (8,921) | (5,245) | |||
| Operating expenses | (252,488) | (495,247) | (440,981) | (194,473) | (3,253) | ||
| Other undisclosed operating loss | (13,843) | ||||||
| Operating loss: | (267,819) | (506,801) | (449,902) | (199,718) | (3,253) | ||
| Nonoperating income (expense) | (2,092) | (62) | 224 | (39) | 5,523 | ||
| Investment income, nonoperating | 5,523 | ||||||
| Other nonoperating income (expense) | (2,092) | (62) | 224 | (39) | |||
| Interest and debt expense | (30,717) | (4,626) | (5,434) | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (300,628) | (511,489) | (449,678) | (205,191) | 2,270 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (1,393) | 23,795 | 102,910 | 115,375 | |||
| Income (loss) from continuing operations before income taxes: | (302,021) | (487,694) | (346,768) | (89,816) | 2,270 | ||
| Income tax expense | (2) | (1,110) | |||||
| Income (loss) from continuing operations: | (302,021) | (487,694) | (346,768) | (89,818) | 1,160 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (346,768) | (89,818) | 1,160 | |
| Net income (loss) attributable to parent: | (302,021) | (487,694) | (346,768) | (89,818) | 1,160 | ||
| Preferred stock dividends and other adjustments | (600) | (42,000) | |||||
| Other undisclosed net loss available to common stockholders, basic | (4,213) | ||||||
| Net loss available to common stockholders, diluted: | (302,621) | (487,694) | (346,768) | (131,818) | (3,053) | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | (302,021) | (487,694) | (346,768) | (89,818) | 1,160 | ||
| Other comprehensive income | 6 | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (302,021) | (487,694) | (346,768) | (89,818) | 1,166 | ||
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.