Lucid Group Inc. (LCID) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
7373 GATEWAY BLVD. NEWARK, CA 94560 |
| State of Incorp. | DE |
| 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)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 3,859,745 | 3,912,996 | 6,262,905 | 3,593 | |||
| Cash and cash equivalents | 1,369,947 | 1,735,765 | 6,262,905 | 3,593 | |||
| Short-term investments | 2,489,798 | 2,177,231 | |||||
| Receivables | 51,822 | 19,542 | 3,148 | ||||
| Inventory, net of allowances, customer advances and progress billings | 696,236 | 834,401 | 127,250 | ||||
| Inventory | 696,236 | 834,401 | 127,250 | ||||
| Prepaid expense | 69,682 | 63,548 | 70,346 | 938 | |||
| Other current assets | 79,670 | 81,541 | 43,328 | ||||
| Total current assets: | 4,757,155 | 4,912,028 | 6,506,977 | 4,531 | |||
| Noncurrent Assets | |||||||
| Finance lease, right-of-use asset, after accumulated amortization | 85,055 | 90,386 | 10,567 | ||||
| Operating lease, right-of-use asset | 221,508 | 215,160 | 161,974 | ||||
| Long-term investments and receivables | 461,029 | 529,974 | |||||
| Long-term investments | 461,029 | 529,974 | |||||
| Asset, held-in-trust | 2,070,086 | ||||||
| Restricted cash and investments | 24,375 | ||||||
| Other noncurrent assets | 262,159 | 55,300 | 30,609 | ||||
| Other undisclosed noncurrent assets | 2,725,812 | 2,076,390 | 1,147,211 | ||||
| Total noncurrent assets: | 3,755,563 | 2,967,210 | 1,374,736 | 2,070,086 | |||
| TOTAL ASSETS: | 8,512,718 | 7,879,238 | 7,881,713 | 2,074,617 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities, including: | 201,218 | 292,406 | 73,706 | 1,447 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 32,364 | |||
| Accounts payable | 108,724 | 229,084 | 41,342 | ||||
| Accrued liabilities | 92,494 | 63,322 | |||||
| Other undisclosed accounts payable and accrued liabilities | 1,447 | ||||||
| Debt | 8,202 | 10,586 | 4,183 | ||||
| Other liabilities | 798,990 | 634,567 | 318,212 | ||||
| Total current liabilities: | 1,008,410 | 937,559 | 396,101 | 1,447 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 2,074,613 | 2,073,176 | 1,992,874 | ||||
| Long-term debt, excluding current maturities | 1,996,960 | 1,991,840 | 1,986,791 | ||||
| Finance lease, liability | 77,653 | 81,336 | 6,083 | ||||
| Liabilities, other than long-term debt | 524,339 | 378,212 | 188,575 | 81 | |||
| Accounts payable and accrued liabilities | 81 | ||||||
| Other liabilities | 524,339 | 378,212 | 188,575 | ||||
| Derivative instruments and hedges, liabilities | |||||||
| Other undisclosed noncurrent liabilities | 53,664 | 140,590 | 1,394,808 | ||||
| Total noncurrent liabilities: | 2,652,616 | 2,591,978 | 3,576,257 | 81 | |||
| Other undisclosed liabilities | 214,651 | ||||||
| Total liabilities: | 3,661,026 | 3,529,537 | 3,972,358 | 216,179 | |||
| Temporary equity, carrying amount | 1,853,438 | ||||||
| Equity | |||||||
| Equity, attributable to parent, including: | 4,851,692 | 4,349,701 | 3,909,355 | 5,000 | |||
| Common stock | 230 | 183 | 165 | ||||
| Treasury stock, value | (20,716) | (20,716) | (20,716) | ||||
| Additional paid in capital | 15,066,080 | 11,752,138 | 9,995,778 | 68,461 | |||
| Accumulated other comprehensive income (loss) | 4,850 | (11,572) | |||||
| Retained earnings (accumulated deficit) | (10,198,752) | (7,370,332) | (6,065,872) | 63,468 | |||
| Other undisclosed equity, attributable to parent | (126,928) | ||||||
| Total equity: | 4,851,692 | 4,349,701 | 3,909,355 | 5,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 8,512,718 | 7,879,238 | 7,881,713 | 2,074,617 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|
| Revenues | 595,271 | 608,181 | 27,111 | |||
| Cost of revenue | (1,936,066) | (1,646,086) | (154,897) | |||
| Cost of goods and services sold | (569,479) | (48,884) | ||||
| Gross profit: | (1,340,795) | (1,037,905) | (127,786) | |||
| Operating expenses | (1,758,793) | (1,556,086) | (1,402,660) | |||
| Operating loss: | (3,099,588) | (2,593,991) | (1,530,446) | |||
| Nonoperating income (expense) | 272,194 | 1,289,910 | (1,049,266) | |||
| Investment income, nonoperating | 204,274 | 56,756 | ||||
| Interest and debt expense | (24,915) | (30,596) | (1,374) | |||
| Loss from continuing operations before equity method investments, income taxes: | (2,852,309) | (1,334,677) | (2,581,086) | |||
| Other undisclosed income from continuing operations before income taxes | 24,915 | 30,596 | 1,374 | |||
| Loss from continuing operations before income taxes: | (2,827,394) | (1,304,081) | (2,579,712) | |||
| Income tax expense | (1,026) | (379) | (49) | |||
| Loss from continuing operations: | (2,828,420) | (1,304,460) | (2,579,761) | |||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (2,579,761) | ✕ | |
| Net loss attributable to parent: | (2,828,420) | (1,304,460) | (2,579,761) | |||
| Preferred stock dividends and other adjustments | (2,167,332) | |||||
| Net loss available to common stockholders, basic: | (2,828,420) | (1,304,460) | (4,747,093) | |||
| Dilutive securities, effect on basic earnings per share | (1,254,218) | |||||
| Net loss available to common stockholders, diluted: | (2,828,420) | (2,558,678) | (4,747,093) | |||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|
| Net loss: | (2,828,420) | (1,304,460) | (2,579,761) | |||
| Comprehensive loss: | (2,828,420) | (1,304,460) | (2,579,761) | |||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 16,422 | (11,572) | ||||
| Comprehensive loss, net of tax, attributable to parent: | (2,811,998) | (1,316,032) | (2,579,761) | |||
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.