Canoo Inc. (GOEV) Financial Statements (2024 and earlier)

Company Profile

Business Address 19951 MARINER AVENUE
TORRANCE, CA 90503
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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments36,589224,721702,4221,124
Cash and cash equivalents36,589224,721702,4221,124
Restricted cash and investments3,426   
Inventory, net of allowances, customer advances and progress billings2,954   
Inventory2,954   
Prepaid expense    50
Derivative instruments and hedges, assets    
Other current assets9,35063,814  
Other undisclosed current assets  2,7716,463 
Total current assets:52,319291,306708,8851,174
Noncurrent Assets
Operating lease, right-of-use asset39,33114,22812,913 
Property, plant and equipment311,400202,31430,426 
Asset, held-in-trust    307,338
Restricted cash and investments10,600   
Other noncurrent assets2,64715,2261,246 
Other undisclosed noncurrent assets80,175   
Total noncurrent assets:444,153231,76844,585307,338
TOTAL ASSETS:496,472523,074753,470308,512
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities166,278136,19227,8682,165
Accounts payable103,18752,26717,24346
Accrued liabilities63,09183,92510,6252,119
Debt34,829   
Deferred compensation liability    116
Derivative instruments and hedges, liabilities17,171   
Other undisclosed current liabilities    
Total current liabilities:218,278136,19227,8682,281
Noncurrent Liabilities
Long-term debt and lease obligation 13,82620,205 
Long-term debt, excluding current maturities  6,943 
Liabilities, other than long-term debt38,608 3910,179
Deferred compensation liability, classified    10,179
Other liabilities   39 
Operating lease, liability38,60813,82613,262 
Other undisclosed noncurrent liabilities3,01315,231133,503 
Total noncurrent liabilities:41,62142,883153,74710,179
Total liabilities:259,899179,075181,61512,460
Temporary equity, carrying amount    291,052
Equity
Equity, attributable to parent, including:236,573343,999571,8555,000
Common stock352424 
Additional paid in capital1,416,3611,036,104920,3243,842
Retained earnings (accumulated deficit)(1,179,823)(692,129)(348,493)1,157
Other undisclosed equity, attributable to parent    1
Total equity:236,573343,999571,8555,000
TOTAL LIABILITIES AND EQUITY:496,472523,074753,470308,512

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues  2,550 
Cost of revenue(11,554)(8,921)(7,795) 
Cost of goods and services sold (8,921)(7,795) 
Other undisclosed gross profit    
Gross profit:(11,554)(8,921)(5,245) 
Operating expenses(495,247)(440,981)(194,473)(3,253)
Other undisclosed operating loss    
Operating loss:(506,801)(449,902)(199,718)(3,253)
Nonoperating income (expense)(62)224(39)5,523
Investment income, nonoperating    5,523
Other nonoperating income (expense)(62)224(39) 
Interest and debt expense(4,626) (5,434) 
Income (loss) from continuing operations before equity method investments, income taxes:(511,489)(449,678)(205,191)2,270
Other undisclosed income (loss) from continuing operations before income taxes23,795102,910115,375 
Income (loss) from continuing operations before income taxes:(487,694)(346,768)(89,816)2,270
Income tax expense   (2)(1,110)
Income (loss) from continuing operations:(487,694)(346,768)(89,818)1,160
Income (loss) before gain (loss) on sale of properties:(346,768)(89,818)1,160
Net income (loss) attributable to parent:(487,694)(346,768)(89,818)1,160
Preferred stock dividends and other adjustments   (42,000) 
Other undisclosed net loss available to common stockholders, basic    (4,213)
Net loss available to common stockholders, diluted:(487,694)(346,768)(131,818)(3,053)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income (loss):(487,694)(346,768)(89,818)1,160
Other comprehensive income    6
Comprehensive income (loss), net of tax, attributable to parent:(487,694)(346,768)(89,818)1,166

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.

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