QuantumScape Corporation (QS) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1730 TECHNOLOGY DRIVE SAN JOSE, CA 95110 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 369 - Miscellaneous Electrical Machinery, Equipment, and Supplies (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)
| 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 | 1,070,808,000 | 1,061,733,000 | 1,447,675,000 | 997,552,000 | |||
| Cash and cash equivalents | 142,524,000 | 235,393,000 | 320,700,000 | 113,216,000 | |||
| Short-term investments | 928,284,000 | 826,340,000 | 1,126,975,000 | 884,336,000 | |||
| Other undisclosed current assets | 12,709,000 | 10,591,000 | 15,757,000 | 11,616,000 | |||
| Total current assets: | 1,083,517,000 | 1,072,324,000 | 1,463,432,000 | 1,009,168,000 | |||
| Noncurrent Assets | |||||||
| Finance lease, right-of-use asset, after accumulated amortization | 25,140,000 | 28,013,000 | 30,886,000 | ||||
| Operating lease, right-of-use asset | 55,863,000 | 60,782,000 | 36,913,000 | 11,712,000 | |||
| Property, plant and equipment | 313,164,000 | 295,934,000 | 166,183,000 | 43,696,000 | |||
| Restricted cash and investments | |||||||
| Other noncurrent assets | 24,294,000 | 18,353,000 | 18,234,000 | 2,193,000 | |||
| Other undisclosed noncurrent assets | |||||||
| Total noncurrent assets: | 418,461,000 | 403,082,000 | 252,216,000 | 57,601,000 | |||
| TOTAL ASSETS: | 1,501,978,000 | 1,475,406,000 | 1,715,648,000 | 1,066,769,000 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 23,139,000 | 28,897,000 | 29,379,000 | 10,475,000 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 9,119,000 | 2,391,000 | ||
| Accounts payable | 12,959,000 | 21,420,000 | 14,182,000 | 5,383,000 | |||
| Accrued liabilities | 10,180,000 | 7,477,000 | 6,078,000 | 2,701,000 | |||
| Debt | 2,907,000 | 1,373,000 | 19,000 | ||||
| Estimated litigation liability | |||||||
| Other undisclosed current liabilities | 31,049,000 | 16,539,000 | 1,209,000 | 1,875,000 | |||
| Total current liabilities: | 57,095,000 | 46,809,000 | 30,607,000 | 12,350,000 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 35,098,000 | 38,005,000 | 76,138,000 | 11,244,000 | |||
| Finance lease, liability | 35,098,000 | 38,005,000 | 39,378,000 | ||||
| Liabilities, other than long-term debt | 69,608,000 | 71,048,000 | 315,000 | ||||
| Asset retirement obligations | |||||||
| Other liabilities | 11,986,000 | 8,488,000 | 315,000 | ||||
| Operating lease, liability | 57,622,000 | 62,560,000 | 36,760,000 | 11,244,000 | |||
| Other undisclosed noncurrent liabilities | 678,455,000 | ||||||
| Total noncurrent liabilities: | 104,706,000 | 109,053,000 | 76,453,000 | 700,943,000 | |||
| Total liabilities: | 161,801,000 | 155,862,000 | 107,060,000 | 713,293,000 | |||
| Temporary equity, carrying amount | 1,770,000 | 1,704,000 | 1,693,000 | 1,704,000 | |||
| Equity | |||||||
| Equity, attributable to parent | 1,338,407,000 | 1,317,840,000 | 1,606,895,000 | 351,772,000 | |||
| Common stock | 49,000 | 44,000 | 43,000 | 36,000 | |||
| Additional paid in capital | 4,221,892,000 | 3,771,181,000 | 3,634,665,000 | 2,329,406,000 | |||
| Accumulated other comprehensive loss | (2,877,000) | (17,873,000) | (4,208,000) | (31,000) | |||
| Accumulated deficit | (2,880,657,000) | (2,435,512,000) | (2,023,605,000) | (1,977,639,000) | |||
| Total equity: | 1,338,407,000 | 1,317,840,000 | 1,606,895,000 | 351,772,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,501,978,000 | 1,475,406,000 | 1,715,648,000 | 1,066,769,000 | |||
Income Statement (P&L) (USD)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|
| Operating expenses | (479,030,000) | (420,618,000) | (215,266,000) | (81,021,000) | ||
| Operating loss: | (479,030,000) | (420,618,000) | (215,266,000) | (81,021,000) | ||
| Nonoperating income (expense) | 33,951,000 | 8,722,000 | 171,172,000 | (1,599,669,000) | ||
| Investment income, nonoperating | 36,488,000 | 1,883,000 | 1,093,000 | |||
| Other nonoperating income (expense) | (160,000) | 8,722,000 | 169,289,000 | (1,600,762,000) | ||
| Interest and debt expense | (2,377,000) | (2,399,000) | (1,419,000) | (20,765,000) | ||
| Loss from continuing operations: | (447,456,000) | (414,295,000) | (45,513,000) | (1,701,455,000) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (45,513,000) | (1,701,455,000) | |
| Other undisclosed net income (loss) | 2,377,000 | 2,399,000 | (464,000) | 19,672,000 | ||
| Net loss: | (445,079,000) | (411,896,000) | (45,977,000) | (1,681,783,000) | ||
| Net income (loss) attributable to noncontrolling interest | (66,000) | (11,000) | 11,000 | 6,000 | ||
| Net loss available to common stockholders, basic: | (445,145,000) | (411,907,000) | (45,966,000) | (1,681,777,000) | ||
| Other undisclosed net loss available to common stockholders, diluted | (168,674,000) | |||||
| Net loss available to common stockholders, diluted: | (445,145,000) | (411,907,000) | (214,640,000) | (1,681,777,000) | ||
Comprehensive Income (USD)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|
| Net loss: | (445,079,000) | (411,896,000) | (45,977,000) | (1,681,783,000) | ||
| Other undisclosed comprehensive income (loss) | 14,996,000 | (13,665,000) | (4,177,000) | (121,000) | ||
| Comprehensive loss: | (430,083,000) | (425,561,000) | (50,154,000) | (1,681,904,000) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (66,000) | (11,000) | 11,000 | 6,000 | ||
| Comprehensive loss, net of tax, attributable to parent: | (430,149,000) | (425,572,000) | (50,143,000) | (1,681,898,000) | ||
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.