Rocket Lab USA, Inc. (RKLB) Financial Statements (2024 and earlier)

Company Profile

Business Address 3881 MCGOWEN STREET
LONG BEACH, CA 90808
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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments471,791690,959866
Cash and cash equivalents242,515690,959866
Short-term investments229,276  
Receivables38,01516,520 
Inventory, net of allowances, customer advances and progress billings92,27947,904 
Inventory92,27947,904 
Prepaid expense43,12614,787367
Contract with customer, asset, after allowance for credit loss9,4512,490 
Asset, held-for-sale, not part of disposal group   
Other current assets7,6322,104 
Other undisclosed current assets   
Total current assets:662,294774,7641,233
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization15,614  
Operating lease, right-of-use asset35,23928,424 
Property, plant and equipment101,51465,339 
Long-term investments and receivables9,193  
Long-term investments9,193  
Intangible assets, net (including goodwill)150,712100,795 
Goodwill71,02043,308 
Intangible assets, net (excluding goodwill)79,69257,487 
Asset, held-in-trust   320,005
Restricted cash and investments3,3561,116 
Deferred income tax assets3,8985,859 
Other noncurrent assets7,3034,550 
Other undisclosed noncurrent assets   90
Total noncurrent assets:326,829206,083320,095
TOTAL ASSETS:989,123980,847321,327
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities20,80722,732217
Employee-related liabilities8,266 
Accounts payable12,0843,489 
Accrued liabilities8,72310,977217
Deferred revenue108,34459,749 
Debt2,9062,827 
Deferred compensation liability   11,200
Provision for loss on contracts   
Other liabilities22,24910,999 
Other undisclosed current liabilities8,634  
Total current liabilities:162,94096,30711,417
Noncurrent Liabilities
Long-term debt and lease obligation115,611125,599 
Long-term debt, excluding current maturities 100,04397,297 
Finance lease, liability15,568  
Liabilities, other than long-term debt37,3662,266 
Deferred income tax liabilities95466 
Other liabilities3,0051,800 
Operating lease, liability34,26628,302 
Other undisclosed noncurrent liabilities  58,227 
Total noncurrent liabilities:152,977186,092 
Other undisclosed liabilities   24,563
Total liabilities:315,917282,39935,980
Temporary equity, carrying amount   280,257
Equity
Equity, attributable to parent, including:673,206698,4485,000
Common stock48450
Additional paid in capital1,112,9771,002,10617,341
Accumulated other comprehensive income (loss)1,1361,308 
Accumulated deficit(440,955)(305,011)(12,342)
Other undisclosed equity, attributable to parent   1
Other undisclosed equity   90
Total equity:673,206698,4485,090
TOTAL LIABILITIES AND EQUITY:989,123980,847321,327

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Revenues210,99662,237 
Cost of revenue(192,006)(64,130) 
Gross profit:18,990(1,893) 
Operating expenses(154,194)(100,160) 
Operating loss:(135,204)(102,053) 
Nonoperating income (expense)2,258(22,787) 
Loss, foreign currency transaction, before tax(4,435)(567) 
Other nonoperating income (expense)1,010(798) 
Interest and debt expense (900)(496) 
Other undisclosed loss from continuing operations before equity method investments, income taxes   
Loss from continuing operations before equity method investments, income taxes:(133,846)(125,336) 
Other undisclosed income from continuing operations before income taxes900496 
Loss from continuing operations before income taxes:(132,946)(124,840) 
Income tax expense (benefit)(2,998)7,520 
Loss from continuing operations:(135,944)(117,320) 
Loss before gain (loss) on sale of properties:(117,320)
Net loss available to common stockholders, diluted:(135,944)(117,320) 

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Net loss:(135,944)(117,320) 
Comprehensive loss:(135,944)(117,320) 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(172)253 
Comprehensive loss, net of tax, attributable to parent:(136,116)(117,067) 

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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