Hyzon Motors Inc. (HYZN) Financial Statements (2024 and earlier)

Company Profile

Business Address 599 SOUTH SCHMIDT ROAD
BOLINGBROOK, IL 60440
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 362 - Electrical Industrial Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments112,28060,554445,146 
Cash and cash equivalents112,28060,554445,146 
Receivables4986,6073,220 
Inventory, net of allowances, customer advances and progress billings28,81135,55320,927 
Inventory28,81135,55320,927 
Prepaid expense5,1605,0788,345 
Contract with customer, asset, after allowance for credit loss1,599   
Other current assets    
Other undisclosed current assets4,175205,06218,507 
Total current assets:152,523312,854496,145 
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   332 
Operating lease, right-of-use asset4,7419,18110,265 
Property, plant and equipment18,56922,42014,346 
Long-term investments and receivables8,382   
Long-term investments8,382   
Prepaid expense    1,062
Asset, held-in-trust    225,728
Restricted cash and investments  6,200  
Other noncurrent assets6,15715,4114,575 
Other undisclosed noncurrent assets7638,8304,616 
Total noncurrent assets:38,61262,04234,134226,790
TOTAL ASSETS:191,135374,896530,279226,790
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities31,59539,38514,7503,573
Accounts payable1,47913,7987,980 
Accrued liabilities30,11625,5876,7703,573
Deferred revenue8,8723,91910,925 
Debt 265237433 
Due to related parties4333,695 
Other undisclosed current liabilities1,8211,8951,4531,499
Total current liabilities:42,55345,86931,2565,072
Noncurrent Liabilities
Long-term debt and lease obligation   221 
Finance lease, liability   221 
Liabilities, other than long-term debt10,96411,8192,1397,900
Accounts payable and accrued liabilities8,000   
Deferred revenue 1,9001,0007,900
Deferred income tax liabilities  526  
Other liabilities2,9641,9011,139 
Operating lease, liability 7,492  
Other undisclosed noncurrent liabilities7,61810,149126,59833,600
Total noncurrent liabilities:18,58221,968128,95841,501
Total liabilities:61,13567,837160,21446,573
Temporary equity, carrying amount    175,217
Equity
Equity, attributable to parent, including:130,686307,770374,8175,000
Common stock252525 
Treasury stock, value(6,446)(6,446)  
Additional paid in capital380,261372,942400,82626,841
Accumulated other comprehensive income (loss)(514)(153)378 
Accumulated deficit(242,640)(58,598)(26,412)(21,842)
Other undisclosed equity, attributable to parent    1
Equity, attributable to noncontrolling interest(686)(711)(4,752) 
Total equity:130,000307,059370,0655,000
TOTAL LIABILITIES AND EQUITY:191,135374,896530,279226,790

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues2953,726(80) 
Cost of revenue
(Cost of Goods and Services Sold)
(13,049)(14,322)  
Gross profit:(12,754)(10,596)(80) 
Operating expenses(188,314)(176,525)(98,948)(5,480)
Other undisclosed operating income13,04914,322  
Operating loss:(188,019)(172,799)(99,028)(5,480)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
3,501118,81282,135 
Interest and debt expense (1,332)(31)(107) 
Other undisclosed loss from continuing operations before equity method investments, income taxes    
Loss from continuing operations before equity method investments, income taxes:(185,850)(54,018)(17,000)(5,480)
Other undisclosed income from continuing operations before income taxes1,33231  
Loss from continuing operations before income taxes:(184,518)(53,987)(17,000)(5,480)
Income tax expense (benefit) 492(526) 5,477
Other undisclosed income from continuing operations    
Loss from continuing operations:(184,026)(54,513)(17,000)(3)
Loss before gain (loss) on sale of properties:(3)
Other undisclosed net income (loss)   107(21,620)
Net loss:(184,026)(54,513)(16,893)(21,623)
Net income (loss) attributable to noncontrolling interest(16)22,3274,752 
Net loss available to common stockholders, diluted:(184,042)(32,186)(12,141)(21,623)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net loss:(184,026)(54,513)(16,893)(21,623)
Other comprehensive income  485 
Other undisclosed comprehensive loss(352)(618)  
Comprehensive loss:(184,378)(55,131)(16,408)(21,623)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(25)22,4434,661 
Comprehensive loss, net of tax, attributable to parent:(184,403)(32,688)(11,747)(21,623)

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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