Ideanomics, Inc. (IDEX) financial statements (2022 and earlier)

Company profile

Business Address 1441 BROADWAY
NEW YORK, NY 10018
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 thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 165,7642,6333,1067,205
Cash and cash equivalents 165,7642,6333,1067,205
Receivables 7,6402,40519,37126,962
Inventory, net of allowances, customer advances and progress billings    216
Inventory    216
Prepaid expense 2,6295722,0422,203
Other current assets 3,7261,8423,5952,257
Other undisclosed current assets   16,95816,958
Total current assets: 179,7597,45245,07255,801
Noncurrent Assets
Operating lease, right-of-use asset 7,1176,934
Property, plant and equipment 33012,93915,029114
Long-term investments and receivables 8,57022,62126,4096,976
Long-term investments 8,57022,62126,4096,976
Intangible assets, net (including goodwill) 30,87076,1153,741149
Goodwill 1,16523,344705 
Intangible assets, net (excluding goodwill) 29,70552,7713,036149
Other noncurrent assets 5168833,984 
Other undisclosed noncurrent assets 7,250   
Total noncurrent assets: 54,653119,49349,1637,238
TOTAL ASSETS: 234,412126,94494,23563,040
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 6,8074,30420,11227,761
Accounts payable 5,0573,38019,26526,830
Accrued liabilities    174
Employee-related liabilities 1,750923706737
Interest and dividends payable   14020
Deferred revenue 1,129477
Debt  2,8664,0003,000
Due to related parties 8823,96280146
Business combination, contingent consideration, liability 1,325   
Other liabilities 1,9206,4664,615626
Other undisclosed current liabilities 99818,681406223
Total current liabilities: 13,06136,75629,93431,655
Noncurrent Liabilities
Long-term debt and lease obligation 6,75911,31111,314 
Long-term debt, excluding current maturities  5,08911,314 
Operating lease, liability 6,7596,222
Liabilities, other than long-term debt 12,8235,0948,514 
Asset retirement obligations 4,6535,0948,000 
Deferred tax liabilities, net514 
Other liabilities 535   
Business combination, contingent consideration, liability 7,635   
Other undisclosed noncurrent liabilities  13,785  
Total noncurrent liabilities: 19,58230,19119,828 
Total liabilities: 32,64366,94749,76131,655
Temporary equity, carrying amount 8,7471,2621,2621,262
Stockholders' equity
Stockholders' equity attributable to parent 186,58433,55744,24231,412
Common stock 34515010369
Additional paid in capital 531,866282,554195,780157,969
Accumulated other comprehensive income (loss) 1,256(664)(1,665)(760)
Accumulated deficit (346,883)(248,483)(149,975)(125,865)
Stockholders' equity attributable to noncontrolling interest 6,43825,179(1,031)(1,289)
Total stockholders' equity: 193,02258,73643,21230,123
TOTAL LIABILITIES AND EQUITY: 234,412126,94494,23563,040

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues 26,75944,567377,743144,339
Revenue from related parties 1043,27199,71818,973
Cost of revenue
(Cost of Goods and Services Sold)
 (1)(467)(244,110)(137,188)
Other undisclosed gross profit (24,701)(991)(130,465) 
Gross profit: 2,05743,1093,1687,150
Operating expenses (88,936)(111,682)(29,363)(16,932)
Operating loss: (86,879)(68,573)(26,195)(9,782)
Nonoperating income (expense) 6,879(1,385)(1,283)(74)
Investment income, nonoperating 276(952)(1,183) 
Other nonoperating income (expense) 6,603(433)(100)(74)
Interest and debt expense (9,345)(9,556)(805)(96)
Loss from continuing operations before equity method investments, income taxes: (89,345)(79,514)(28,283)(9,951)
Loss from equity method investments (16,698)(13,718)(181)(129)
Other undisclosed loss from continuing operations before income taxes  (3,179) (113)
Loss from continuing operations before income taxes: (106,043)(96,411)(28,463)(10,193)
Income tax expense (benefit)  (417)40 
Net loss: (106,043)(96,828)(28,423)(10,193)
Net income (loss) attributable to noncontrolling interest 7,827(852)997357
Other undisclosed net loss attributable to parent (184)(827)  
Net loss attributable to parent: (98,400)(98,508)(27,426)(9,836)
Other undisclosed net income available to common stockholders, basic  852  
Net loss available to common stockholders, diluted: (98,400)(97,655)(27,426)(9,836)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss: (106,043)(96,828)(28,423)(10,193)
Other undisclosed comprehensive income 112,58295,98429,40110,594
Comprehensive income (loss): 6,539(844)978401
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 7,827(852)997(9,423)
Other undisclosed comprehensive loss, net of tax, attributable to parent (110,846)(96,396)(30,302) 
Comprehensive loss, net of tax, attributable to parent: (96,480)(98,092)(28,327)(9,021)

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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