EVO Transportation & Energy Services, Inc. (EVOA) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
2075 WEST PINNACLE PEAK RD. SUITE 130 PHOENIX, AZ 85027 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 55 - Automotive Dealers And Gasoline Service Stations (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2022 MRQ | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 7,329 | 26,644 | 3,274 | 1,630 | 84 | 25 | |||
| Cash and cash equivalents | 7,329 | 26,644 | 3,274 | 1,630 | 84 | 25 | |||
| Receivables | 22,697 | 13,033 | 11,683 | 6,411 | 150 | ||||
| Prepaid expense | 12 | ||||||||
| Other current assets | 288 | 2 | |||||||
| Other undisclosed current assets | 2,447 | 3,299 | 5,207 | 268 | 648 | 15 | |||
| Total current assets: | 32,473 | 42,976 | 20,164 | 8,597 | 884 | 52 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 24,391 | 27,913 | 3,436 | ✕ | ✕ | ✕ | |||
| Operating lease, right-of-use asset | 7,155 | 10,473 | 13,749 | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 27,962 | 28,240 | 41,731 | 7,604 | 7,740 | 1,102 | |||
| Long-term investments and receivables | 276 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | 276 | ||||||||
| Intangible assets, net (including goodwill), including: | 28,017 | 28,924 | 29,882 | 3,037 | 345 | ||||
| Goodwill | 23,837 | 23,837 | 23,837 | 2,887 | |||||
| Intangible assets, net (excluding goodwill) | 4,180 | 5,087 | 6,045 | 5,924 | 345 | ||||
| Other undisclosed intangible assets, net (including goodwill) | (5,775) | ||||||||
| Regulated entity, other noncurrent assets | 525 | ||||||||
| Deposits noncurrent assets | 6,516 | 3,797 | 2,326 | 526 | 133 | 40 | |||
| Other undisclosed noncurrent assets | 450 | 2,086 | 240 | 79 | |||||
| Total noncurrent assets: | 94,041 | 99,347 | 91,574 | 14,054 | 8,459 | 1,221 | |||
| TOTAL ASSETS: | 126,514 | 142,323 | 111,738 | 22,651 | 9,343 | 1,273 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 38,732 | 32,536 | 30,624 | 5,073 | 1,169 | 1,115 | |||
| Interest and dividends payable | ✕ | 2,743 | 2,249 | 1,482 | 922 | 164 | |||
| Taxes payable | ✕ | 248 | 563 | ||||||
| Employee-related liabilities | ✕ | 1,344 | 72 | ||||||
| Accounts payable | 16,245 | 11,698 | 13,808 | 2,751 | 823 | ||||
| Accrued liabilities | 19,744 | 18,589 | 15,334 | 5,073 | 128 | ||||
| Other undisclosed accounts payable and accrued liabilities | (5,266) | 534 | |||||||
| Debt | 37,612 | 54,849 | 10,554 | 269 | 1,094 | 121 | |||
| Derivative instruments and hedges, liabilities | 1,513 | 2,278 | 1,021 | 11 | 32 | ||||
| Due to related parties | 324 | 370 | 38 | ||||||
| Other undisclosed current liabilities | 48,037 | 52,189 | 44,186 | 15,920 | 4,793 | 1,283 | |||
| Total current liabilities: | 125,894 | 141,852 | 86,385 | 21,599 | 7,458 | 2,556 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 29,927 | 34,816 | 21,279 | 1,064 | 1,074 | ||||
| Long-term debt, excluding current maturities | 4,023 | 3,379 | 9,290 | 1,064 | 1,074 | ||||
| Finance lease, liability | 21,790 | 24,884 | 2,615 | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 97 | 17 | 375 | 4,000 | 4,014 | 87 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 2 | 15 | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | 71 | ||||
| Deferred income tax liabilities | 97 | 17 | 375 | ✕ | ✕ | ✕ | |||
| Due to related parties | 4,000 | 4,000 | |||||||
| Operating lease, liability | 4,114 | 6,553 | 9,374 | ✕ | ✕ | ✕ | |||
| Derivative instruments and hedges, liabilities | 11 | ||||||||
| Other undisclosed noncurrent liabilities | 12,657 | 24,737 | 14,831 | 6,015 | 10,647 | 1,571 | |||
| Total noncurrent liabilities: | 42,681 | 59,570 | 36,485 | 11,078 | 14,660 | 2,732 | |||
| Total liabilities: | 168,575 | 201,422 | 122,870 | 32,677 | 22,118 | 5,288 | |||
| Temporary equity, carrying amount | 251 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | (50,935) | (67,322) | (12,673) | (10,278) | (12,775) | (4,015) | |||
| Common stock | 2 | 2 | 1 | 0 | 0 | 0 | |||
| Additional paid in capital | 32,039 | 30,821 | 38,611 | 9,976 | 1,300 | 899 | |||
| Accumulated deficit | (87,366) | (101,619) | (54,771) | (20,669) | (14,075) | (4,914) | |||
| Warrants and rights outstanding | 800 | ||||||||
| Other undisclosed equity, attributable to parent | 4,390 | 2,674 | 3,486 | 415 | |||||
| Other undisclosed equity | 8,874 | 8,223 | 1,541 | ||||||
| Total equity: | (42,061) | (59,099) | (11,132) | (10,278) | (12,775) | (4,015) | |||
| TOTAL LIABILITIES AND EQUITY: | 126,514 | 142,323 | 111,738 | 22,651 | 9,343 | 1,273 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 304,047 | 229,275 | 179,146 | 25,604 | 2,097 | 483 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 1,969 | 353 | |
| Cost of revenue | (252,025) | (223,752) | (190,710) | (403) | (1,500) | (281) | ||
| Cost of goods and services sold | (63,195) | (58,985) | (52,518) | (403) | (545) | |||
| Gross profit: | 52,022 | 5,523 | (11,564) | 25,201 | 597 | 201 | ||
| Operating expenses | (32,736) | (27,974) | (18,973) | (31,724) | (8,049) | (1,971) | ||
| Other operating expense, net | (1,092) | |||||||
| Other undisclosed operating income (loss) | 403 | |||||||
| Operating income (loss): | 19,286 | (22,451) | (30,537) | (6,120) | (7,452) | (2,862) | ||
| Nonoperating expense | (3,490) | (24,191) | (7,580) | (457) | (1,780) | |||
| Interest and debt expense | 10,953 | (9,994) | (7,672) | (31) | (32) | (375) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 375 | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 26,749 | (56,636) | (45,789) | (6,608) | (9,265) | (2,862) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (10,953) | 9,994 | 7,672 | |||||
| Income (loss) from continuing operations before income taxes: | 15,796 | (46,642) | (38,117) | (6,608) | (9,265) | (2,862) | ||
| Income tax expense (benefit) | (1,543) | (206) | 5,403 | (71) | ||||
| Income (loss) from continuing operations: | 14,253 | (46,848) | (32,714) | (6,608) | (9,265) | (2,934) | ||
| Income (loss) before gain (loss) on sale of properties: | 14,253 | (46,848) | (32,714) | (6,608) | (9,265) | (2,934) | ||
| Net income (loss): | 14,253 | (46,848) | (32,714) | (6,608) | (9,265) | (2,934) | ||
| Other undisclosed net income attributable to parent | 31 | 104 | ||||||
| Net income (loss) attributable to parent: | 14,253 | (46,848) | (32,714) | (6,577) | (9,161) | (2,934) | ||
| Preferred stock dividends and other adjustments | (651) | (532) | (24) | (17) | ||||
| Other undisclosed net loss available to common stockholders, basic | (455) | |||||||
| Net income (loss) available to common stockholders, basic: | 13,602 | (47,835) | (32,738) | (6,594) | (9,161) | (2,934) | ||
| Dilutive securities, effect on basic earnings per share | 936 | |||||||
| Net income (loss) available to common stockholders, diluted: | 14,538 | (47,835) | (32,738) | (6,594) | (9,161) | (2,934) | ||
Comprehensive Income ($ in thousands)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 14,253 | (46,848) | (32,714) | (6,608) | (9,265) | (2,934) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 14,253 | (46,848) | (32,714) | (6,608) | (9,265) | (2,934) | ||
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.