Ideanomics Inc. (IDEX) Financial Statements (2024 and earlier)

Company Profile

Business Address 1441 BROADWAY
NEW YORK, NY 10018
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 3711 - Motor Vehicles and Passenger Car Bodies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21,929269,863165,7642,6333,1067,205
Cash and cash equivalents21,929269,863165,7642,6333,1067,205
Receivables38,40759,2087,6402,40519,37126,962
Inventory, net of allowances, customer advances and progress billings28,2466,159   216
Inventory28,2466,159   216
Prepaid expense13,34120,0152,6295722,0422,203
Contract with customer, asset, after allowance for credit loss3,5792,772   
Disposal group, including discontinued operation      
Other current assets8,5364,4903,7261,8423,5952,257
Other undisclosed current assets     16,95816,958
Total current assets:114,038362,507179,7597,45245,07255,801
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 1,565   
Operating lease, right-of-use asset15,97912,8277,1176,934
Property, plant and equipment9,0722,90533012,93915,029114
Long-term investments and receivables 10,28435,5888,57022,62126,4096,976
Long-term investments 10,28435,5888,57022,62126,4096,976
Intangible assets, net (including goodwill)90,54358,70730,87076,1153,741149
Goodwill37,77516,1611,16523,344705 
Intangible assets, net (excluding goodwill)52,76842,54629,70552,7713,036149
Disposal group, including discontinued operation, noncurrent assets      
Other noncurrent assets1,3209035168833,984 
Other undisclosed noncurrent assets   7,250   
Total noncurrent assets:128,763110,93054,653119,49349,1637,238
TOTAL ASSETS:242,801473,437234,412126,94494,23563,040
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities33,89915,6316,8074,30420,11227,761
Interest and dividends payable   14020
Employee-related liabilities8,9571,750923706737
Accounts payable29,6996,6745,0573,38019,26526,830
Accrued liabilities4,200    174
Deferred revenue2,7495,3921,129477
Debt13,56458,121 2,8664,0003,000
Disposal group, including discontinued operation      
Business combination, contingent consideration, liability8676481,325   
Other liabilities13,6767,1371,9206,4664,615626
Due to related parties4,3971,1028823,96280146
Other undisclosed current liabilities7,7093,08699818,681406223
Total current liabilities:76,86191,11713,06136,75629,93431,655
Noncurrent Liabilities
Long-term debt and lease obligation 3,1459,6476,75911,31111,314 
Long-term debt, excluding current maturities 1,957  5,08911,314 
Finance lease, liability 1,188   
Liabilities, other than long-term debt16,2326,04312,8235,0948,514 
Asset retirement obligations   4,6535,0948,000 
Deferred tax liabilities, net514 
Deferred income tax liabilities3,0005,073  
Disposal group, including discontinued operation, liabilities      
Other liabilities959620535   
Operating lease, liability12,2739,6476,7596,222
Business combination, contingent consideration, liability  3507,635   
Other undisclosed noncurrent liabilities   13,785  
Total noncurrent liabilities:19,37715,69019,58230,19119,828 
Total liabilities:96,238106,80732,64366,94749,76131,655
Temporary equity, carrying amount  1,2628,7471,2621,2621,262
Equity
Equity, attributable to parent132,125363,027186,58433,55744,24231,412
Common stock59749734515010369
Additional paid in capital1,004,082968,066531,866282,554195,780157,969
Accumulated other comprehensive income (loss)(6,104)2221,256(664)(1,665)(760)
Accumulated deficit(866,450)(605,758)(346,883)(248,483)(149,975)(125,865)
Equity, attributable to noncontrolling interest4,3262,3416,43825,179(1,031)(1,289)
Total equity:136,451365,368193,02258,73643,21230,123
Other undisclosed liabilities and equity10,112     
TOTAL LIABILITIES AND EQUITY:242,801473,437234,412126,94494,23563,040

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues100,936114,08026,75944,567377,743144,339
Revenue from related parties  1043,27199,71818,973
Cost of revenue
(Cost of Goods and Services Sold)
(101,751)(90,852)(1)(467)(244,110)(137,188)
Other undisclosed gross profit   (24,701)(991)(130,465) 
Gross profit:(815)23,2282,05743,1093,1687,150
Operating expenses(291,715)(282,785)(88,936)(111,682)(29,363)(16,932)
Operating loss:(292,530)(259,557)(86,879)(68,573)(26,195)(9,782)
Nonoperating income (expense)9,7061,4996,879(1,385)(1,283)(74)
Investment income, nonoperating3,228238276(952)(1,183) 
Other nonoperating income (expense)6,4781,2616,603(433)(100)(74)
Interest and debt expense(2,950)(1,839)(9,345)(9,556)(805)(96)
Other undisclosed income from continuing operations before equity method investments, income taxes 10,965     
Loss from continuing operations before equity method investments, income taxes:(274,809)(259,897)(89,345)(79,514)(28,283)(9,951)
Loss from equity method investments  (16,698)(13,718)(181)(129)
Other undisclosed income (loss) from continuing operations before income taxes  2,915 (3,179) (113)
Loss from continuing operations before income taxes:(274,809)(256,982)(106,043)(96,411)(28,463)(10,193)
Income tax expense (benefit)7,71111,786 (417)40 
Loss from continuing operations:(267,098)(245,196)(106,043)(96,828)(28,423)(10,193)
Loss before gain (loss) on sale of properties:(245,196)(106,043)(96,828)(28,423)(10,193)
Loss from discontinued operations      
Other undisclosed net loss(15,018)(11,529)    
Net loss:(282,116)(256,725)(106,043)(96,828)(28,423)(10,193)
Net income (loss) attributable to noncontrolling interest21,4247147,827(852)997357
Other undisclosed net loss attributable to parent   (184)(827)  
Net loss attributable to parent:(260,692)(256,011)(98,400)(98,508)(27,426)(9,836)
Preferred stock dividends and other adjustments (56)     
Other undisclosed net income (loss) available to common stockholders, basic   852  
Net loss available to common stockholders, diluted:(260,748)(256,011)(98,400)(97,655)(27,426)(9,836)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(282,116)(256,725)(106,043)(96,828)(28,423)(10,193)
Other undisclosed comprehensive income (loss)(7,591)(1,385)112,58295,98429,40110,594
Comprehensive income (loss):(289,707)(258,110)6,539(844)978401
Comprehensive income (loss), net of tax, attributable to noncontrolling interest22,6892,0207,827(852)997(9,423)
Other undisclosed comprehensive loss, net of tax, attributable to parent   (110,846)(96,396)(30,302) 
Comprehensive loss, net of tax, attributable to parent:(267,018)(256,090)(96,480)(98,092)(28,327)(9,021)

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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