NextNav Inc. (NN) Financial Statements (2024 and earlier)

Company Profile

Business Address 1775 TYSONS BLVD., 5TH FLOOR
MCLEAN, VA 22102
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3812 - Search, Detection, Navigation, Guidance, Aeronautical, and Nautical Systems and Instruments (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, including:55,400100,076
Cash and cash equivalents47,230100,076
Short-term investments8,216 
Other undisclosed cash, cash equivalents, and short-term investments(46) 
Receivables2,1681,740
Other current assets3,5764,516
Other undisclosed current assets46 
Total current assets:61,190106,332
Noncurrent Assets
Operating lease, right-of-use asset10,143 
Property, plant and equipment19,1802,714
Long-term investments and receivables 900 
Long-term investments 900 
Intangible assets, net (including goodwill)27,8908,190
Goodwill17,493 
Intangible assets, net (excluding goodwill)10,3978,190
Other noncurrent assets  
Other undisclosed noncurrent assets4,48519,587
Total noncurrent assets:62,59830,491
TOTAL ASSETS:123,788136,823
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,019471
Accounts payable1,019448
Accrued liabilities 23
Deferred revenue951,632
Business combination, contingent consideration, liability 100 
Other liabilities 760 
Other undisclosed current liabilities6,9134,577
Total current liabilities:8,8876,680
Noncurrent Liabilities
Long-term debt and lease obligation1,547 
Long-term debt, excluding current maturities1,547 
Liabilities, other than long-term debt, including:9,4901,311
Other liabilities  
Operating lease, liability5,290 
Derivative instruments and hedges, liabilities4,200 
Other undisclosed liabilities, other than long-term debt  1,311
Other undisclosed noncurrent liabilities  28,875
Total noncurrent liabilities:11,03730,186
Total liabilities:19,92436,866
Equity
Equity, attributable to parent, including:100,01799,957
Common stock1211
Treasury stock, value(4) 
Additional paid in capital787,130747,928
Deferred compensation equity  (36,100)
Accumulated other comprehensive income (loss)1,371(121)
Accumulated deficit(688,492)(647,861)
Other undisclosed equity, attributable to parent  36,100
Equity, attributable to noncontrolling interest3,847 
Total equity:103,86499,957
TOTAL LIABILITIES AND EQUITY:123,788136,823

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

9/30/2023
TTM
12/31/2022
12/31/2021
Revenues3,926763
Cost of revenue
(Cost of Goods and Services Sold)
 (2,389)(232)
Other undisclosed gross profit  
Gross profit:1,537531
Operating expenses(69,462)(43,192)
Other undisclosed operating income2,389232
Operating loss:(65,536)(42,429)
Nonoperating expense
(Other Nonoperating expense)
(184)(26)
Interest and debt expense  (17,842)
Loss from continuing operations before equity method investments, income taxes:(65,720)(60,297)
Other undisclosed income (loss) from continuing operations before income taxes25,576(84,317)
Loss from continuing operations before income taxes:(40,144)(144,614)
Income tax expense (benefit)28(52)
Loss from continuing operations:(40,116)(144,666)
Loss before gain (loss) on sale of properties:(144,666)
Net loss attributable to parent:(40,116)(144,666)
Other undisclosed net loss available to common stockholders, basic  (13,831)
Net loss available to common stockholders, diluted:(40,116)(158,497)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Net loss:(40,116)(144,666)
Comprehensive loss:(40,116)(144,666)
Other undisclosed comprehensive income, net of tax, attributable to parent1,49225
Comprehensive loss, net of tax, attributable to parent:(38,624)(144,641)

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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