CarLotz, Inc. (LOTZ) Financial Statements (2024 and earlier)

Company Profile

Business Address 611 BAINBRIDGE STREET
RICHMOND, VA 23224
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 55 - Automotive Dealers And Gasoline Service Stations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2022
MRQ
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 191,618611,601
Cash and cash equivalents 75,029611,601
Short-term investments 116,589  
Restricted cash and investments 4,336  
Receivables 8,206  
Inventory, net of allowances, customer advances and progress billings 40,985  
Inventory 40,985  
Prepaid expense  896
Other current assets 4,705  
Other undisclosed current assets  156121
Total current assets: 249,8502261,818
Noncurrent Assets
Property, plant and equipment 22,628  
Long-term investments and receivables 1,941  
Long-term investments 1,941  
Intangible assets, net (including goodwill) 13,716  
Intangible assets, net (excluding goodwill) 13,716  
Other noncurrent assets 558  
Other undisclosed noncurrent assets 1,596310,900309,840
Total noncurrent assets: 40,439310,900309,840
TOTAL ASSETS: 290,289311,125311,658
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 20,7803,225215
Accounts payable 6,352  
Accrued liabilities 14,4283,225215
Debt 28,324  
Other liabilities 754  
Total current liabilities: 49,8583,225215
Noncurrent Liabilities
Long-term debt and lease obligation, including: 12,206  
Other undisclosed long-term debt and lease obligation 12,206  
Liabilities, other than long-term debt 744  
Other liabilities 744  
Other undisclosed noncurrent liabilities 13,970 10,695
Total noncurrent liabilities: 26,920 10,695
Other undisclosed liabilities  10,695 
Total liabilities: 76,77813,92010,910
Equity
Equity, attributable to parent, including: 213,5115,0005,000
Common stock 11  
Additional paid in capital 287,5095,0661,524
Accumulated other comprehensive loss (93)  
Retained earnings (accumulated deficit) (73,916)(67)3,475
Other undisclosed equity, attributable to parent  11
Other undisclosed equity  292,205295,748
Total equity: 213,511297,205300,748
TOTAL LIABILITIES AND EQUITY: 290,289311,125311,658

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

9/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
Revenues 258,534  
Cost of revenue
(Cost of Goods and Services Sold)
 (247,946)  
Gross profit: 10,588  
Operating expenses (147,670)(5,021)(933)
Operating loss: (137,082)(5,021)(933)
Nonoperating income 98,803  
Interest and debt expense (1,590)  
Loss from continuing operations before equity method investments, income taxes: (39,869)(5,021)(933)
Other undisclosed income from continuing operations before income taxes  1,8195,532
Income (loss) from continuing operations before income taxes: (39,869)(3,202)4,599
Income tax expense (10)(340)(1,121)
Income (loss) from continuing operations: (39,879)(3,543)3,478
Income (loss) before gain (loss) on sale of properties:(39,879)(3,543)3,478
Net income (loss) available to common stockholders, diluted: (39,879)(3,543)3,478

Comprehensive Income ($ in thousands)

9/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
Net income (loss): (39,879)(3,543)3,478
Comprehensive income (loss): (39,879)(3,543)3,478
Other undisclosed comprehensive loss, net of tax, attributable to parent (108)  
Comprehensive income (loss), net of tax, attributable to parent: (39,987)(3,543)3,478

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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