Workhorse Group, Inc. (WKHS) financial statements (2021 and earlier)

Company profile

Business Address 100 COMMERCE DRIVE
LOVELAND, OH 45140
State of Incorp. NV
Fiscal Year End December 31
SIC 3711 - Motor Vehicles and Passenger Car Bodies (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments47242408
Cash and cash equivalents47242408
Receivables10011 
Inventory, net of allowances, customer advances and progress billings1523520
Inventory1523520
Other undisclosed current assets22762103
Total current assets:29032611411
Noncurrent Assets
Nontrade receivables  000 
Property, plant and equipment1175664
Other undisclosed noncurrent assets33112    
Total noncurrent assets:342195664
TOTAL ASSETS:6335112171015
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1158642
Accounts payable524642
Accrued liabilities6340  
Deferred revenue 0
Debt120 003
Derivative instruments and hedges, liabilities  2   
Due to related parties  1001
Customer advances and deposits0  
Other undisclosed current liabilities522   14
Total current liabilities:1847117418
Noncurrent Liabilities
Long-term debt and lease obligation 19822 
Long-term debt, excluding current maturities 19822 
Liabilities, other than long-term debt2219    
Deferred income tax liabilities22 
Financial instruments subject to mandatory redemption, settlement terms, share value, amount 19    
Other liabilities0     
Other undisclosed noncurrent liabilities198  5  
Total noncurrent liabilities:22039862 
Total liabilities:237862013618
Stockholders' equity
Stockholders' equity attributable to parent395(35)(15)44(4)
Common stock000000
Additional paid in capital5041441261086034
Deferred compensation equity    76
Accumulated deficit(109)(179)(142)(104)(63)(44)
Total stockholders' equity:395(35)(15)44(4)
Other undisclosed liabilities and equity  7   
TOTAL LIABILITIES AND EQUITY:6335112171015

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues11611160
Revenue, net1160
Net investment income  1   
Other income 16    
Cost of revenue(13)(6)(8)(25)(14) 
Cost of goods and services sold (6)(2) (0) 
Other undisclosed gross profit (16)(8)   
Gross profit:(12)(5)(15)(14)(7)0
Operating expenses(29)(18)(19)(27)(12)(9)
Other operating income, net32316    
Operating income (loss):282(8)(34)(41)(20)(8)
Interest and debt expense(191)(29)(2)(0)(0)(1)
Income (loss) from continuing operations before income taxes:92(37)(37)(41)(20)(9)
Income tax expense(22)     
Net income (loss) attributable to parent:70(37)(37)(41)(20)(9)
Other undisclosed net loss available to common stockholders, basic (0)(1)   
Net income (loss) available to common stockholders, diluted:70(37)(37)(41)(20)(9)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):70(37)(37)(41)(20)(9)
Comprehensive income (loss), net of tax, attributable to parent:70(37)(37)(41)(20)(9)

Statements sources

The financial statements are based on the company's filings with the 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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