Hyzon Motors Inc. (HYZN) Financial Statements (2025 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)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 112,280 | 60,554 | 445,146 | ||||
| Cash and cash equivalent | 112,280 | 60,554 | 445,146 | ||||
| Receivables | 498 | 6,607 | 3,220 | ||||
| Inventory, net of allowances, customer advances and progress billings | 28,811 | 35,553 | 20,927 | ||||
| Inventory | 28,811 | 35,553 | 20,927 | ||||
| Prepaid expense | 5,160 | 5,078 | 8,345 | ||||
| Contract with customer, asset, after allowance for credit loss | 1,599 | ||||||
| Other current assets | |||||||
| Other undisclosed current assets | 4,175 | 205,062 | 18,507 | ||||
| Total current assets: | 152,523 | 312,854 | 496,145 | ||||
| Noncurrent Assets | |||||||
| Finance lease, right-of-use asset, after accumulated amortization | 332 | ||||||
| Operating lease, right-of-use asset | 4,741 | 9,181 | 10,265 | ||||
| Property, plant and equipment | 18,569 | 22,420 | 14,346 | ||||
| Long-term investments and receivables | 8,382 | ||||||
| Long-term investments | 8,382 | ||||||
| Prepaid expense | 1,062 | ||||||
| Asset, held-in-trust | 225,728 | ||||||
| Restricted cash and investments | 6,200 | ||||||
| Other noncurrent assets | 6,157 | 15,411 | 4,575 | ||||
| Other undisclosed noncurrent assets | 763 | 8,830 | 4,616 | ||||
| Total noncurrent assets: | 38,612 | 62,042 | 34,134 | 226,790 | |||
| TOTAL ASSETS: | 191,135 | 374,896 | 530,279 | 226,790 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 31,595 | 39,385 | 14,750 | 3,573 | |||
| Accounts payable | 1,479 | 13,798 | 7,980 | ||||
| Accrued liabilities | 30,116 | 25,587 | 6,770 | 3,573 | |||
| Deferred revenue | 8,872 | 3,919 | 10,925 | ||||
| Debt | 265 | 237 | 433 | ||||
| Due to related parties | ✕ | ✕ | 433 | 3,695 | |||
| Other undisclosed current liabilities | 1,821 | 1,895 | 1,453 | 1,499 | |||
| Total current liabilities: | 42,553 | 45,869 | 31,256 | 5,072 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 221 | ||||||
| Finance lease, liability | 221 | ||||||
| Liabilities, other than long-term debt | 10,964 | 11,819 | 2,139 | 7,900 | |||
| Accounts payable and accrued liabilities | 8,000 | ||||||
| Deferred revenue | 1,900 | 1,000 | 7,900 | ||||
| Deferred income tax liabilities | 526 | ||||||
| Other liabilities | 2,964 | 1,901 | 1,139 | ||||
| Operating lease, liability | 7,492 | ||||||
| Other undisclosed noncurrent liabilities | 7,618 | 10,149 | 126,598 | 33,600 | |||
| Total noncurrent liabilities: | 18,582 | 21,968 | 128,958 | 41,501 | |||
| Total liabilities: | 61,135 | 67,837 | 160,214 | 46,573 | |||
| Temporary equity, including noncontrolling interest | 175,217 | ||||||
| Equity | |||||||
| Equity, attributable to parent, including: | 130,686 | 307,770 | 374,817 | 5,000 | |||
| Common stock | 25 | 25 | 25 | ||||
| Treasury stock, value | (6,446) | (6,446) | |||||
| Additional paid in capital | 380,261 | 372,942 | 400,826 | 26,841 | |||
| 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: | 130,000 | 307,059 | 370,065 | 5,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 191,135 | 374,896 | 530,279 | 226,790 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|
| Revenues | 295 | 3,726 | (80) | |||
| Cost of revenue (Cost of Product and Service 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 income | 13,049 | 14,322 | ||||
| Operating loss: | (188,019) | (172,799) | (99,028) | (5,480) | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 3,501 | 118,812 | 82,135 | |||
| 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 taxes | 1,332 | 31 | ||||
| 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) | 22,327 | 4,752 | |||
| Net loss available to common stockholders, diluted: | (184,042) | (32,186) | (12,141) | (21,623) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 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 (loss) | 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) | 22,443 | 4,661 | |||
| 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.