SES AI Corporation (SES) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
35 CABOT RD. WOBURN, MA 01801 |
| State of Incorp. | |
| 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 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 333,046,000 | 390,083,000 | 117,282 | |||
| Cash and cash equivalents | 85,671,000 | 106,623,000 | 117,282 | |||
| Short-term investments | 247,375,000 | 283,460,000 | ||||
| Receivables | 3,911,000 | 2,383,000 | ||||
| Inventory, net of allowances, customer advances and progress billings | 558,000 | 383,000 | ||||
| Inventory | 558,000 | 383,000 | ||||
| Prepaid expense | 608,904 | |||||
| Other undisclosed current assets | 11,112,000 | 3,792,000 | ||||
| Total current assets: | 348,627,000 | 396,641,000 | 726,186 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 13,099,000 | 11,363,000 | ||||
| Property, plant and equipment | 37,959,000 | 27,756,000 | ||||
| Intangible assets, net (including goodwill) | 1,345,000 | 1,473,000 | ||||
| Intangible assets, net (excluding goodwill) | 1,345,000 | 1,473,000 | ||||
| Asset, held-in-trust | 276,057,966 | |||||
| Restricted cash and investments | ||||||
| Deferred income tax assets | 1,057,000 | |||||
| Other noncurrent assets | 4,723,000 | 3,206,000 | ||||
| Other undisclosed noncurrent assets | ||||||
| Total noncurrent assets: | 58,183,000 | 43,798,000 | 276,057,966 | |||
| TOTAL ASSETS: | 406,810,000 | 440,439,000 | 276,784,152 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 14,769,000 | 13,269,000 | 884,603 | |||
| Accounts payable | 4,830,000 | 6,187,000 | 89,017 | |||
| Accrued liabilities | 9,939,000 | 7,082,000 | 795,586 | |||
| Due to related parties | ✕ | ✕ | 20,532 | |||
| Other undisclosed current liabilities | 5,586,000 | 6,088,000 | ||||
| Total current liabilities: | 20,355,000 | 19,357,000 | 905,135 | |||
| Noncurrent Liabilities | ||||||
| Liabilities, other than long-term debt | 18,235,000 | 22,886,000 | 6,041,569 | |||
| Accounts payable and accrued liabilities | 4,888,889 | |||||
| Due to related parties | ✕ | ✕ | 1,152,680 | |||
| Other liabilities | 2,753,000 | 1,760,000 | ||||
| Operating lease, liability | 11,316,000 | 10,165,000 | ||||
| Derivative instruments and hedges, liabilities | 4,166,000 | 10,961,000 | ||||
| Government assistance, liability | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 9,270,000 | 6,657,000 | 34,984,530 | |||
| Total noncurrent liabilities: | 27,505,000 | 29,543,000 | 41,026,099 | |||
| Total liabilities: | 47,860,000 | 48,900,000 | 41,931,234 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | 358,950,000 | 391,539,000 | (41,147,082) | |||
| Common stock | 35,000 | 35,000 | ||||
| Additional paid in capital | 559,214,000 | 538,041,000 | ||||
| Accumulated other comprehensive loss | (1,613,000) | (1,251,000) | ||||
| Accumulated deficit | (198,686,000) | (145,286,000) | (41,147,772) | |||
| Other undisclosed equity, attributable to parent | 690 | |||||
| Other undisclosed equity | 276,000,000 | |||||
| Total equity: | 358,950,000 | 391,539,000 | 234,852,918 | |||
| TOTAL LIABILITIES AND EQUITY: | 406,810,000 | 440,439,000 | 276,784,152 | |||
Income Statement (P&L) (USD)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Gross profit: | (120,000) | ||||
| Operating expenses | (78,158,000) | (79,573,000) | (7,238,072) | ||
| Operating loss: | (78,158,000) | (79,573,000) | (7,358,072) | ||
| Nonoperating income | 23,905,000 | 29,835,000 | 115,932 | ||
| Investment income, nonoperating | 115,932 | ||||
| Loss from continuing operations before income taxes: | (54,253,000) | (49,738,000) | (7,242,140) | ||
| Income tax expense (benefit) | 853,000 | (1,255,000) | |||
| Loss from continuing operations: | (53,400,000) | (50,993,000) | (7,242,140) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (7,242,140) | |
| Other undisclosed net loss | (4,297,525) | ||||
| Net loss available to common stockholders, diluted: | (53,400,000) | (50,993,000) | (11,539,665) | ||
Comprehensive Income (USD)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net loss: | (53,400,000) | (50,993,000) | (11,539,665) | ||
| Comprehensive loss: | (53,400,000) | (50,993,000) | (11,539,665) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (362,000) | (1,618,000) | |||
| Comprehensive loss, net of tax, attributable to parent: | (53,762,000) | (52,611,000) | (11,539,665) | ||
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.