Romeo Power, Inc. (RMO) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
5560 KATELLA AVENUE CYPRESS, CA 90630 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3714 - Motor Vehicle Parts and Accessories (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2022 MRQ | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 22,638 | 292,442 | 234,408 | 37 | |||
| Cash and cash equivalents | 22,638 | 292,442 | 234,408 | 37 | |||
| Receivables | 9,628 | 6,841 | |||||
| Inventory, net of allowances, customer advances and progress billings | 37,125 | 4,937 | |||||
| Inventory | 37,125 | 4,937 | |||||
| Prepaid expense | 1,269 | ||||||
| Other undisclosed current assets | 105,890 | (233,056) | 32 | ||||
| Total current assets: | 175,281 | 305,489 | 1,352 | 69 | |||
| Noncurrent Assets | |||||||
| Finance lease, right-of-use asset, after accumulated amortization | 4,070 | ✕ | |||||
| Operating lease, right-of-use asset | 23,115 | 5,469 | ✕ | ||||
| Nontrade receivables | 6,000 | ||||||
| Property, plant and equipment | 15,158 | 5,484 | |||||
| Long-term investments and receivables | 36,329 | 35,000 | |||||
| Long-term investments | 36,329 | 35,000 | |||||
| Capitalized contract cost, net | 5,018 | ||||||
| Restricted cash and investments | 3,000 | 1,500 | 233,233 | ||||
| Other noncurrent assets | 2,772 | 3,100 | |||||
| Other undisclosed noncurrent assets | 64,703 | 412 | |||||
| Total noncurrent assets: | 160,165 | 50,553 | 233,233 | 412 | |||
| TOTAL ASSETS: | 335,446 | 356,042 | 234,584 | 481 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 19,880 | 5,744 | 472 | 43 | |||
| Taxes payable | 288 | ||||||
| Accounts payable | 11,724 | 2,900 | 134 | 21 | |||
| Accrued liabilities | 8,156 | 2,844 | 50 | 22 | |||
| Deferred revenue | 384 | 815 | ✕ | ||||
| Debt | 927 | 2,542 | |||||
| Other liabilities | 1,509 | 384 | |||||
| Due to related parties | 115 | ||||||
| Other undisclosed current liabilities | 416 | 6,571 | |||||
| Total current liabilities: | 23,116 | 16,056 | 472 | 159 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 25,653 | 5,822 | |||||
| Long-term debt, excluding current maturities | 1,082 | ||||||
| Finance lease, liability | 2,595 | 17 | ✕ | ||||
| Liabilities, other than long-term debt | 17 | ||||||
| Other liabilities | 17 | ||||||
| Operating lease, liability | 23,058 | 4,723 | ✕ | ||||
| Other undisclosed noncurrent liabilities | (15,532) | 138,449 | 8,500 | 300 | |||
| Total noncurrent liabilities: | 33,179 | 144,288 | 8,500 | 300 | |||
| Total liabilities: | 56,295 | 160,344 | 8,972 | 459 | |||
| Temporary equity, carrying amount | 220,613 | ||||||
| Equity | |||||||
| Equity, attributable to parent, including: | 279,151 | 195,698 | 5,000 | 22 | |||
| Common stock | 13 | 12 | |||||
| Additional paid in capital | 451,040 | 373,129 | 4,749 | 24 | |||
| Accumulated other comprehensive loss | (366) | ||||||
| Retained earnings (accumulated deficit) | (171,536) | (177,443) | 250 | (3) | |||
| Other undisclosed equity, attributable to parent | 1 | 1 | |||||
| Total equity: | 279,151 | 195,698 | 5,000 | 22 | |||
| TOTAL LIABILITIES AND EQUITY: | 335,446 | 356,042 | 234,584 | 481 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|
| Revenues | 16,804 | 8,974 | ||||
| Revenue from related parties | 2,417 | 3,142 | ||||
| Cost of revenue | (38,152) | (17,965) | ||||
| Cost of goods and services sold | (38,152) | (2,631) | ||||
| Gross profit: | (21,348) | (8,991) | ||||
| Operating expenses | (95,947) | (25,333) | (1,093) | |||
| Operating loss: | (117,295) | (34,324) | (1,093) | |||
| Nonoperating income (expense) | 259 | (3,868) | 13 | |||
| Investment income, nonoperating | 259 | 13 | ||||
| Other nonoperating expense | (3,868) | |||||
| Interest and debt expense | 3,298 | (1,111) | ||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 126,447 | 34,168 | 3,964 | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 12,709 | (5,135) | 2,883 | |||
| Loss from equity method investments | (2,671) | (2,480) | ||||
| Income (loss) from continuing operations before income taxes: | 10,038 | (7,615) | 2,883 | |||
| Income tax expense | (7) | (2) | (793,057) | |||
| Income (loss) from continuing operations: | 10,031 | (7,617) | (790,174) | |||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 10,031 | (7,617) | (790,174) | ||
| Net income (loss): | 10,031 | (7,617) | (790,174) | |||
| Other undisclosed net income attributable to parent | 792,260 | |||||
| Net income (loss) available to common stockholders, diluted: | 10,031 | (7,617) | 2,086 | |||
Comprehensive Income ($ in thousands)
| 6/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|
| Net income (loss): | 10,031 | (7,617) | (790,174) | |||
| Comprehensive income (loss): | 10,031 | (7,617) | (790,174) | |||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (366) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 9,665 | (7,617) | (790,174) | |||
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.