Canoo Inc. (GOEV) financial statements (2022 and earlier)

Company profile

Business Address 19951 MARINER AVENUE
TORRANCE, CA 90503
State of Incorp. DE
Fiscal Year End December 31
SIC 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2257021
Cash and cash equivalents2257021
Prepaid expense  0
Other current assets64  
Other undisclosed current assets36 
Total current assets:2917091
Noncurrent Assets
Operating lease, right-of-use asset1413 
Property, plant and equipment20230 
Assets held-in-trust  307
Other noncurrent assets151 
Total noncurrent assets:23245307
TOTAL ASSETS:523753309
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities136282
Accounts payable52170
Accrued liabilities84112
Deferred compensation liability  0
Total current liabilities:136282
Noncurrent Liabilities
Long-term debt and lease obligation1420 
Long-term debt, excluding current maturities 7 
Operating lease, liability1413 
Liabilities, other than long-term debt 010
Deferred compensation liability, classified  10
Other liabilities 0 
Other undisclosed noncurrent liabilities15134 
Total noncurrent liabilities:4315410
Total liabilities:17918212
Temporary equity, carrying amount  291
Stockholders' equity
Stockholders' equity attributable to parent, including:3445725
Common stock00 
Additional paid in capital1,0369204
Retained earnings (accumulated deficit)(692)(348)1
Other undisclosed stockholders' equity attributable to parent  0
Total stockholders' equity:3445725
TOTAL LIABILITIES AND EQUITY:523753309

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

12/31/2021
12/31/2020
12/31/2019
Revenues 3 
Cost of revenue
(Cost of Goods and Services Sold)
(9)(8) 
Gross profit:(9)(5) 
Operating expenses(441)(194)(3)
Operating loss:(450)(200)(3)
Nonoperating income (expense)0(0)6
Investment income, nonoperating  6
Other nonoperating income (expense)0(0) 
Interest and debt expense (5) 
Income (loss) from continuing operations before equity method investments, income taxes:(450)(205)2
Other undisclosed income from continuing operations before income taxes103115 
Income (loss) from continuing operations before income taxes:(347)(90)2
Income tax expense (0)(1)
Net income (loss) attributable to parent:(347)(90)1
Preferred stock dividends and other adjustments (42) 
Other undisclosed net loss available to common stockholders, basic  (4)
Net loss available to common stockholders, diluted:(347)(132)(3)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
Net income (loss):(347)(90)1
Other comprehensive income  0
Comprehensive income (loss), net of tax, attributable to parent:(347)(90)1

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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