InterPrivate II Acquisition Corp. (IPVA) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
55 GREEN STREET SAN FRANCISCO, CA 94111 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 751 - Automotive Rental And Leasing, Without Drivers (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 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 64,294 | 121 | |||
| Cash and cash equivalents | 64,294 | 121 | |||
| Restricted cash and investments | 3,600 | ||||
| Receivables | 533 | ||||
| Prepaid expense | 2,703 | 249 | |||
| Other undisclosed current assets | 3,381 | ||||
| Total current assets: | 74,511 | 370 | |||
| Noncurrent Assets | |||||
| Operating lease, right-of-use asset | 13,284 | ||||
| Property, plant and equipment | 10,451 | ||||
| Long-term investments and receivables | 258,821 | ||||
| Long-term investments | 258,821 | ||||
| Intangible assets, net (including goodwill) | 103,756 | ||||
| Goodwill | 92,728 | ||||
| Intangible assets, net (excluding goodwill) | 11,028 | ||||
| Other noncurrent assets | 3,371 | ||||
| Other undisclosed noncurrent assets | 46 | 41 | |||
| Total noncurrent assets: | 130,908 | 258,862 | |||
| TOTAL ASSETS: | 205,419 | 259,232 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 41,012 | 1,284 | |||
| Accounts payable | 3,652 | ||||
| Accrued liabilities | 37,360 | 1,284 | |||
| Deferred revenue | 698 | ||||
| Debt | 1,200 | ||||
| Derivative instruments and hedges, liabilities | 320 | ||||
| Due to related parties | ✕ | 50 | |||
| Other undisclosed current liabilities | 13,714 | ||||
| Total current liabilities: | 56,944 | 1,334 | |||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 4,400 | ||||
| Long-term debt, excluding current maturities | 4,400 | ||||
| Liabilities, other than long-term debt | 17,962 | 4,116 | |||
| Operating lease, liability | 17,715 | ||||
| Derivative instruments and hedges, liabilities | 247 | 4,116 | |||
| Other undisclosed noncurrent liabilities | 56,613 | ||||
| Total noncurrent liabilities: | 78,975 | 4,116 | |||
| Total liabilities: | 135,919 | 5,450 | |||
| Temporary equity, carrying amount | 258,821 | ||||
| Equity | |||||
| Equity, attributable to parent, including: | 69,500 | (5,039) | |||
| Common stock | 9 | 0 | |||
| Additional paid in capital | 845,888 | ||||
| Accumulated other comprehensive income (loss) | (6,104) | ||||
| Accumulated deficit | (762,009) | (5,039) | |||
| Warrants and rights outstanding | 247 | ||||
| Stockholders' equity note, subscriptions receivable | (8,284) | ||||
| Other undisclosed equity, attributable to parent | (247) | 1 | |||
| Total equity: | 69,500 | (5,039) | |||
| TOTAL LIABILITIES AND EQUITY: | 205,419 | 259,232 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|
| Revenues | 59,455 | |||
| Cost of revenue (Provision for Loan, Lease, and Other Losses) | (11,129) | |||
| Gross profit: | 48,326 | |||
| Operating expenses | (240,424) | (2,086) | ||
| Other undisclosed operating income | 11,129 | |||
| Operating loss: | (180,969) | (2,086) | ||
| Nonoperating income (expense) | 44,266 | (534) | ||
| Other nonoperating income (expense) | (2,833) | (534) | ||
| Interest and debt expense | (14,181) | |||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | ||||
| Loss from continuing operations before equity method investments, income taxes: | (150,884) | (2,620) | ||
| Other undisclosed income from continuing operations before income taxes | 14,181 | |||
| Loss from continuing operations before income taxes: | (136,703) | (2,620) | ||
| Income tax benefit | 638 | 423 | ||
| Loss from continuing operations: | (136,065) | (2,197) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | (2,197) | |
| Other undisclosed net income | 4,817 | |||
| Net income (loss): | (136,065) | 2,620 | ||
| Other undisclosed net loss attributable to parent | (5,240) | |||
| Net loss attributable to parent: | (136,065) | (2,620) | ||
| Preferred stock dividends and other adjustments | 2,019 | |||
| Net loss available to common stockholders, diluted: | (136,065) | (601) | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|
| Net income (loss): | (136,065) | 2,620 | ||
| Other comprehensive loss | ||||
| Comprehensive income (loss): | (136,065) | 2,620 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (8,387) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (144,452) | 2,620 | ||
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.