Terran Orbital Corporation (LLAP) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
6800 BROKEN SOUND PARKWAY, SUITE 200 BOCA RATON, FL 33487 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 376 - Guided Missiles And Space Vehicles And Parts (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 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 71,663 | 93,561 | 1,553 | |||
| Cash and cash equivalents | 71,663 | 93,561 | 1,553 | |||
| Receivables | 14,735 | 4,754 | ||||
| Contract with customer, asset, after allowance for credit loss | 21,390 | 6,763 | ||||
| Deferred costs | 245 | |||||
| Other current assets | 14,525 | 7,228 | ||||
| Other undisclosed current assets | 33,421 | 26,615 | 467 | |||
| Total current assets: | 155,979 | 138,921 | 2,020 | |||
| Noncurrent Assets | ||||||
| Finance lease, right-of-use asset, after accumulated amortization | ||||||
| Operating lease, right-of-use asset | ||||||
| Property, plant and equipment | 46,449 | 24,743 | ||||
| Regulated entity, other noncurrent assets | ||||||
| Asset, held-in-trust | 345,090 | |||||
| Other noncurrent assets | 17,885 | 18,990 | ||||
| Other undisclosed noncurrent assets | ||||||
| Total noncurrent assets: | 64,334 | 43,733 | 345,090 | |||
| TOTAL ASSETS: | 220,313 | 182,654 | 347,110 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities, including: | 37,258 | 32,909 | 2,140 | |||
| Accounts payable | 22,850 | 21,188 | ||||
| Accrued liabilities | 14,408 | 11,721 | ||||
| Other undisclosed accounts payable and accrued liabilities | 2,140 | |||||
| Deferred revenue | 103,924 | 27,228 | ||||
| Debt | ||||||
| Other liabilities | ||||||
| Due to related parties | ✕ | ✕ | 5 | |||
| Other undisclosed current liabilities | 12,717 | 10,599 | 12 | |||
| Total current liabilities: | 153,899 | 70,736 | 2,157 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 174,092 | 142,941 | ||||
| Long-term debt, excluding current maturities | 171,033 | 142,620 | ||||
| Finance lease, liability | 3,059 | 321 | ||||
| Other undisclosed long-term debt and lease obligation | ||||||
| Liabilities, other than long-term debt | 18,555 | 20,769 | ||||
| Other liabilities | 18,555 | 20,769 | ||||
| Operating lease, liability | ||||||
| Derivative instruments and hedges, liabilities | ||||||
| Other undisclosed noncurrent liabilities | 31,403 | 39,629 | 28,480 | |||
| Total noncurrent liabilities: | 224,050 | 203,339 | 28,480 | |||
| Total liabilities: | 377,949 | 274,075 | 30,637 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | (157,636) | (91,421) | (28,528) | |||
| Common stock | 20 | 14 | ||||
| Additional paid in capital | 355,144 | 269,574 | ||||
| Accumulated other comprehensive income | 211 | 159 | ||||
| Accumulated deficit | (513,011) | (361,168) | (28,529) | |||
| Other undisclosed equity, attributable to parent | 1 | |||||
| Other undisclosed equity | 345,000 | |||||
| Total equity: | (157,636) | (91,421) | 316,472 | |||
| TOTAL LIABILITIES AND EQUITY: | 220,313 | 182,654 | 347,110 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Revenues | 135,915 | 94,237 | |||
| Cost of revenue (Cost of Goods and Services Sold) | (127,355) | (111,494) | |||
| Gross profit: | 8,560 | (17,257) | |||
| Operating expenses | (117,458) | (135,564) | (4,400) | ||
| Other undisclosed operating income | |||||
| Operating loss: | (108,898) | (152,821) | (4,400) | ||
| Nonoperating income (expense) | 103 | (4,514) | 1,949 | ||
| Other nonoperating income (expense) | 103 | (4,514) | |||
| Interest and debt expense | (48,502) | (49,785) | |||
| Loss from continuing operations before equity method investments, income taxes: | (157,297) | (207,120) | (2,451) | ||
| Other undisclosed income from continuing operations before income taxes | 5,488 | 43,300 | |||
| Loss from continuing operations before income taxes: | (151,809) | (163,820) | (2,451) | ||
| Income tax expense | (34) | (160) | |||
| Loss from continuing operations: | (151,843) | (163,980) | (2,451) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (2,451) | |
| Net loss attributable to parent: | (151,843) | (163,980) | (2,451) | ||
| Preferred stock dividends and other adjustments | (30,152) | ||||
| Net loss available to common stockholders, basic: | (151,843) | (163,980) | (32,603) | ||
| Dilutive securities, effect on basic earnings per share | (23,771) | ||||
| Net loss available to common stockholders, diluted: | (151,843) | (187,751) | (32,603) | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net loss: | (151,843) | (163,980) | (2,451) | ||
| Other comprehensive income | 52 | 195 | |||
| Comprehensive loss, net of tax, attributable to parent: | (151,791) | (163,785) | (2,451) | ||
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.