VectoIQ Acquisition Corp. (VTIQ) financial statements (2021 and earlier)

Company profile

Business Address 4141 E BROADWAY ROAD
PHOENIX, AZ 85040
State of Incorp. DE
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 millions)

12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments84111
Cash and cash equivalents84111
Restricted cash and investments4  
Prepaid expense5 0
Other undisclosed current assets460 
Total current assets:89711
Noncurrent Assets
Property, plant and equipment71  
Long-term investments and receivables8  
Long-term investments8  
Intangible assets, net (including goodwill)55  
Goodwill5  
Intangible assets, net (excluding goodwill)50  
Deposits noncurrent assets18  
Restricted cash and investments4238235
Other undisclosed noncurrent assets  0
Total noncurrent assets:157238235
TOTAL ASSETS:1,054239237
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3311
Accounts payable2900
Accrued liabilities200
Employee-related liabilities1  
Taxes payable 01
Debt5  
Other undisclosed current liabilities14  
Total current liabilities:5211
Noncurrent Liabilities
Long-term debt and lease obligation14  
Finance lease, liability14 
Liabilities, other than long-term debt0  
Deferred income tax liabilities0 
Other undisclosed noncurrent liabilities 00
Total noncurrent liabilities:1400
Total liabilities:6611
Temporary equity, carrying amount 233231
Stockholders' equity
Stockholders' equity attributable to parent98755
Common stock000
Additional paid in capital1,56153
Accumulated other comprehensive income0  
Retained earnings (accumulated deficit)(574) 2
Total stockholders' equity:98755
TOTAL LIABILITIES AND EQUITY:1,054239237

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

12/31/2020
12/31/2019
12/31/2018
Revenues0  
Cost of revenue(0)  
Gross profit:0  
Operating expenses(383)(1)(0)
Operating loss:(383)(1)(0)
Nonoperating income (expense)(1)53
Investment income, nonoperating 53
Other nonoperating expense(1)  
Interest and debt expense(1)  
Other undisclosed loss from continuing operations before equity method investments, income taxes(0)  
Income (loss) from continuing operations before equity method investments, income taxes:(385)43
Loss from equity method investments(1)  
Income (loss) from continuing operations before income taxes:(385)43
Income tax expense (benefit)1(1)(1)
Net income (loss) attributable to parent:(384)32
Preferred stock dividends and other adjustments(13)  
Net income (loss) available to common stockholders, diluted:(398)32

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
Net income (loss):(384)32
Other comprehensive income0  
Comprehensive income (loss), net of tax, attributable to parent:(384)32

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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