Mullen Automotive, Inc. (MULN) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
1405 PIONEER STREET BREA, CA 92821 |
| State of Incorp. | |
| Fiscal Year End | September 30 |
| Industry (SIC) | 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2022 MRQ | 9/30/2022 | 9/30/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 68 | 54 | 0 | 5 | 0 | 2 | 11 | ||
| Cash and cash equivalents | 68 | 54 | 0 | 5 | 0 | 2 | 11 | ||
| Restricted cash and investments | 39 | 30 | |||||||
| Receivables | 8 | 7 | 6 | 5 | |||||
| Inventory, net of allowances, customer advances and progress billings | 7 | ||||||||
| Inventory | 7 | ||||||||
| Prepaid expense | 6 | ||||||||
| Other current assets | 0 | ||||||||
| Other undisclosed current assets | 21 | 2 | 0 | 2 | 2 | 2 | 2 | ||
| Total current assets: | 136 | 86 | 7 | 14 | 9 | 10 | 19 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 5 | 5 | 2 | 1 | 0 | ✕ | ✕ | ||
| Property, plant and equipment | 90 | 15 | 1 | 0 | 0 | 0 | |||
| Intangible assets, net (including goodwill) | 206 | 187 | 2 | 11 | 13 | 15 | 13 | ||
| Goodwill | 93 | 93 | 8 | 8 | 9 | 10 | |||
| Intangible assets, net (excluding goodwill) | 113 | 94 | 2 | 4 | 6 | 6 | 3 | ||
| Deposits noncurrent assets | 6 | ||||||||
| Other noncurrent assets | 3 | 3 | 4 | 1 | 1 | 1 | 0 | ||
| Other undisclosed noncurrent assets | 1 | 1 | |||||||
| Total noncurrent assets: | 305 | 216 | 10 | 13 | 14 | 16 | 13 | ||
| TOTAL ASSETS: | 441 | 303 | 17 | 27 | 23 | 26 | 32 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 20 | 14 | 24 | 12 | 8 | 9 | 10 | ||
| Interest and dividends payable | ✕ | ✕ | 12 | ||||||
| Employee-related liabilities | ✕ | ✕ | 5 | ||||||
| Accounts payable | 14 | 6 | 5 | 7 | 6 | 6 | 7 | ||
| Accrued liabilities | 6 | 7 | 2 | 5 | 2 | 3 | 4 | ||
| Deferred revenue | 2 | 1 | ✕ | ✕ | |||||
| Debt | 94 | 4 | 39 | 0 | 0 | 2 | |||
| Derivative instruments and hedges, liabilities | 261 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 2 | ||
| Due to related parties | 0 | 0 | 0 | ||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 1 | ✕ | ||
| Other liabilities | 0 | 0 | |||||||
| Other undisclosed current liabilities | 22 | 105 | 8 | 1 | 1 | ||||
| Total current liabilities: | 397 | 122 | 71 | 15 | 10 | 11 | 15 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 5 | 5 | 2 | 1 | 9 | 6 | |||
| Long-term debt, excluding current maturities | 5 | 5 | 0 | 8 | 6 | ||||
| Liabilities, other than long-term debt | 18 | 18 | 6 | ||||||
| Deferred income tax liabilities | 14 | 15 | ✕ | ✕ | |||||
| Other liabilities | 6 | ||||||||
| Operating lease, liability | 3 | 3 | 2 | 1 | 0 | ✕ | ✕ | ||
| Other undisclosed noncurrent liabilities | 8 | 5 | |||||||
| Total noncurrent liabilities: | 23 | 23 | 8 | 9 | 9 | 6 | 5 | ||
| Total liabilities: | 420 | 146 | 79 | 24 | 19 | 17 | 19 | ||
| Equity | |||||||||
| Equity, attributable to parent | (75) | 59 | (62) | 3 | 4 | 9 | 13 | ||
| Preferred stock | 0 | ||||||||
| Common stock | 2 | 1 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 1,189 | 948 | 89 | 190 | 185 | 183 | 183 | ||
| Accumulated other comprehensive loss | (2) | (2) | (2) | (3) | |||||
| Accumulated deficit | (1,266) | (890) | (150) | (185) | (179) | (172) | (167) | ||
| Stockholders' equity note, subscriptions receivable | (0) | ||||||||
| Equity, attributable to noncontrolling interest | 96 | 98 | (0) | (0) | (0) | (0) | |||
| Other undisclosed equity | 0 | 0 | |||||||
| Total equity: | 21 | 157 | (62) | 2 | 4 | 9 | 13 | ||
| Other undisclosed liabilities and equity | (0) | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 441 | 303 | 17 | 27 | 23 | 26 | 32 | ||
Income Statement (P&L) ($ in millions)
| 12/31/2022 TTM | 9/30/2022 | 9/30/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 0 | 0 | 0 | 66 | 65 | 66 | 60 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 60 | |
| Sublease income | 0 | 0 | 0 | ✕ | ✕ | |||
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 60 | |
| Cost of revenue | (7) | (27) | (22) | (60) | (56) | (58) | (3) | |
| Cost of goods and services sold | (1) | (56) | (55) | (56) | (3) | |||
| Financing interest expense | (7) | (27) | (21) | ✕ | ||||
| Other undisclosed gross profit | 4 | 1 | 2 | |||||
| Gross profit: | (7) | (27) | (22) | 10 | 10 | 10 | 58 | |
| Operating expenses | (157) | (97) | (22) | (10) | (71) | (70) | (69) | |
| Other undisclosed operating income (loss) | 7 | 27 | 22 | (4) | 55 | 56 | 3 | |
| Operating loss: | (157) | (97) | (22) | (4) | (6) | (4) | (9) | |
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (5) | (6) | (0) | 1 | 1 | (0) | ||
| Interest and debt expense | (6) | 0 | 1 | (1) | (1) | (1) | (0) | |
| Loss from continuing operations before equity method investments, income taxes: | (168) | (103) | (22) | (6) | (5) | (4) | (9) | |
| Other undisclosed income (loss) from continuing operations before income taxes | (937) | (638) | 0 | (0) | 0 | (1) | ||
| Loss from continuing operations: | (1,105) | (740) | (22) | (6) | (5) | (4) | (10) | |
| Loss before gain (loss) on sale of properties: | (61) | ✕ | (22) | (6) | (5) | (4) | (10) | |
| Other undisclosed net loss | (203) | (0) | (0) | (1) | (1) | |||
| Net loss: | (1,308) | (740) | (22) | (6) | (7) | (5) | (10) | |
| Net income attributable to noncontrolling interest | 2 | 1 | 0 | 0 | 0 | 0 | ||
| Other undisclosed net income (loss) attributable to parent | 227 | (23) | ||||||
| Net loss attributable to parent: | (1,079) | (740) | (44) | (6) | (6) | (5) | (10) | |
| Preferred stock dividends and other adjustments | (39) | (41) | ||||||
| Net loss available to common stockholders, diluted: | (1,118) | (780) | (44) | (6) | (6) | (5) | (10) | |
Comprehensive Income ($ in millions)
| 12/31/2022 TTM | 9/30/2022 | 9/30/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (1,308) | (740) | (22) | (6) | (7) | (5) | (10) | |
| Comprehensive loss: | (1,308) | (740) | (22) | (6) | (7) | (5) | (10) | |
| Comprehensive income, net of tax, attributable to noncontrolling interest | 2 | 1 | 0 | 0 | 0 | 0 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 1 | 0 | (0) | 0 | (0) | |||
| Comprehensive loss, net of tax, attributable to parent: | (1,305) | (740) | (22) | (6) | (7) | (5) | (10) | |
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.