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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,9936,71536,5896,81533,799104,926
Cash and cash equivalents4,9936,71536,5896,81533,799104,926
Restricted cash and investments3,7883,7253,4264,2083,5283,448
Inventory, net of allowances, customer advances and progress billings5,3125,1052,9541,282  
Inventory5,3125,1052,9541,282  
Derivative instruments and hedges, assets      
Other current assets11,41011,4529,35028,10733,23934,373
Total current assets:25,50326,99752,31940,41270,566142,747
Noncurrent Assets
Operating lease, right-of-use asset37,94538,78239,33128,46926,32126,847
Property, plant and equipment362,612328,907311,400301,974275,725223,715
Restricted cash and investments10,60010,60010,6009,50010,25010,250
Other noncurrent assets5,2612,6552,64714,25614,65116,402
Other undisclosed noncurrent assets80,17580,17580,17550,175  
Total noncurrent assets:496,593461,119444,153404,374326,947277,214
TOTAL ASSETS:522,096488,116496,472444,786397,513419,961
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities165,387174,780166,278170,694179,729132,902
Accounts payable84,42588,835103,18796,57693,64080,930
Accrued liabilities80,96285,94563,09174,11886,08951,972
Debt24,979 34,82912,500  
Derivative instruments and hedges, liabilities4,359 17,171   
Other undisclosed current liabilities7,633     
Total current liabilities:202,358174,780218,278183,194179,729132,902
Noncurrent Liabilities
Long-term debt and lease obligation   27,53325,31825,758
Long-term debt, excluding current maturities      
Liabilities, other than long-term debt37,30861,07638,608   
Operating lease, liability37,30838,07638,60827,53325,31825,758
Derivative instruments and hedges, liabilities  23,000    
Other undisclosed noncurrent liabilities49,6855083,013(21,345)(21,197)(12,166)
Total noncurrent liabilities:86,99361,58441,62133,72129,43939,350
Total liabilities:289,351236,364259,899216,915209,168172,252
Equity
Equity, attributable to parent232,745251,752236,573227,871188,345247,709
Common stock564735292624
Additional paid in capital1,574,1141,522,2601,416,3611,327,4351,170,2071,065,181
Accumulated deficit(1,341,425)(1,270,555)(1,179,823)(1,099,593)(981,888)(817,496)
Total equity:232,745251,752236,573227,871188,345247,709
TOTAL LIABILITIES AND EQUITY:522,096488,116496,472444,786397,513419,961

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues      
Cost of revenue(4,562)(4,575)(2,534)(3,449)(2,892)(2,678)
Cost of goods and services sold      
Other undisclosed gross profit      
Gross profit:(4,562)(4,575)(2,534)(3,449)(2,892)(2,678)
Operating expenses(69,003)(76,953)(80,638)(105,889)(170,612)(138,108)
Other undisclosed operating loss      
Operating loss:(73,565)(81,528)(83,172)(109,338)(173,504)(140,786)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
226(2,016)358(26)(378)(17)
Interest and debt expense(949)(26,739)(531)(4,095)  
Loss from continuing operations before equity method investments, income taxes:(74,288)(110,283)(83,345)(113,459)(173,882)(140,803)
Other undisclosed income (loss) from continuing operations before income taxes3,41819,5513,115(4,246)9,49015,436
Loss from continuing operations:(70,870)(90,732)(80,230)(117,705)(164,392)(125,367)
Loss before gain (loss) on sale of properties:(117,705)(164,392)(125,367)
Net loss available to common stockholders, diluted:(70,870)(90,732)(80,230)(117,705)(164,392)(125,367)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(70,870)(90,732)(80,230)(117,705)(164,392)(125,367)
Comprehensive loss, net of tax, attributable to parent:(70,870)(90,732)(80,230)(117,705)(164,392)(125,367)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: