Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Canoo.
Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|
| Revenue | $886.00K | $- | $2.55M | $2.55M | $- | $- |
| Cost of Revenue | $16.22M | $13.91M | $670.00K | $670.00K | $- | $- |
| Gross Profit | $-15.33M | $-13.91M | $1.88M | $1.88M | $- | $- |
| Gross Profit Ratio | -1730.36% | - | 73.73% | 73.73% | 0.00% | 0.00% |
| Research and Development Expenses | $139.19M | $299.22M | $246.25M | $142.86M | $137.38M | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $3.25M | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $28.30M | $- |
| Selling General and Administrative Expenses | $113.30M | $196.03M | $194.74M | $51.61M | $31.55M | $3.00K |
| Other Expenses | $- | $11.55M | $8.92M | $7.12M | $4.73M | $- |
| Operating Expenses | $252.49M | $506.80M | $449.90M | $201.60M | $173.66M | $3.00K |
| Cost and Expenses | $268.70M | $506.80M | $449.90M | $202.27M | $173.66M | $3.00K |
| Interest Income | $- | $- | $103.00K | $- | $5.52M | $- |
| Interest Expense | $-5.54M | $2.25M | $-10.48M | $10.48M | $9.52M | $- |
| Depreciation and Amortization | $13.84M | $13.91M | $9.97M | $7.76M | $5.55M | $- |
| EBITDA | $-282.64M | $-471.54M | $-336.80M | $-199.72M | $-3.25M | $-3.00K |
| EBITDA Ratio | -31900.79% | - | -13207.88% | -7832.08% | - | - |
| Operating Income | $-267.82M | $-506.80M | $-449.90M | $-199.72M | $-173.66M | $-3.00K |
| Operating Income Ratio | -30227.88% | - | -17643.22% | -7832.08% | - | - |
| Total Other Income Expenses Net | $-34.20M | $19.11M | $103.13M | $113.03M | $175.93M | $- |
| Income Before Tax | $-302.02M | $-487.69M | $-346.77M | $-89.82M | $-182.36M | $-3.00K |
| Income Before Tax Ratio | -34088.15% | - | -13598.75% | -3522.20% | - | - |
| Income Tax Expense | $- | $-21.36M | $-102.91M | $2.00K | $10.34M | $- |
| Net Income | $-302.02M | $-466.34M | $-243.86M | $-89.82M | $-192.70M | $-3.00K |
| Net Income Ratio | -34088.15% | - | -9563.06% | -3522.27% | - | - |
| EPS | $-12.08 | $-39.76 | $-24.61 | $-18.72 | $-118.13 | $0.00 |
| EPS Diluted | $-12.08 | $-39.76 | $-24.61 | $-18.72 | $-118.13 | $0.00 |
| Weighted Average Shares Outstanding | 25.05M | 11.73M | 9.91M | 4.80M | 1.63M | 1.63M |
| Weighted Average Shares Outstanding Diluted | 25.05M | 11.73M | 9.91M | 4.80M | 1.63M | 1.63M |
| SEC Filing | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $10.30M | $36.59M | $224.72M | $702.42M | $29.01M | $6.00K |
| Short Term Investments | $- | $3.75M | $7.03M | $- | $307.34M | $- |
| Cash and Short Term Investments | $10.30M | $36.59M | $224.72M | $702.42M | $29.01M | $6.00K |
| Net Receivables | $- | $3.43M | $30.44M | $- | $- | $- |
| Inventory | $6.15M | $2.95M | $-27.67M | $- | $- | $- |
| Other Current Assets | $16.10M | $9.35M | $36.15M | $6.46M | $2.25M | $- |
| Total Current Assets | $32.55M | $52.32M | $291.31M | $708.88M | $31.26M | $6.00K |
| Property Plant Equipment Net | $413.34M | $350.73M | $216.54M | $43.34M | $39.55M | $- |
| Goodwill | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $60.77M | $- | $- | $307.34M | $- |
| Tax Assets | $- | $- | $- | $128.20M | $- | $- |
| Other Non-Current Assets | $96.11M | $32.65M | $15.23M | $-126.96M | $-306.07M | $232.00K |
| Total Non-Current Assets | $509.45M | $444.15M | $231.77M | $44.59M | $40.82M | $232.00K |
| Other Assets | $- | $- | $- | $- | $- | $1 |
| Total Assets | $542.00M | $496.47M | $523.07M | $753.47M | $72.08M | $238.00K |
| Account Payables | $65.31M | $103.19M | $52.27M | $17.24M | $2.26M | $- |
| Short Term Debt | $54.27M | $34.83M | $788.00K | $444.00K | $368.00K | $90.00K |
| Tax Payables | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $64.88M | $80.26M | $83.14M | $10.18M | $7.77M | $126.00K |
| Total Current Liabilities | $184.45M | $218.28M | $136.19M | $27.87M | $10.39M | $216.00K |
| Long Term Debt | $71.44M | $38.61M | $13.83M | $20.20M | $99.76M | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $36.54M | $3.01M | $29.06M | $133.54M | $17.80M | $- |
| Total Non-Current Liabilities | $107.98M | $41.62M | $42.88M | $153.75M | $117.55M | $- |
| Other Liabilities | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $292.43M | $259.90M | $179.07M | $181.62M | $127.95M | $216.00K |
| Preferred Stock | $5.61M | $- | $- | $- | $- | $- |
| Common Stock | $85.00K | $35.00K | $24.00K | $24.00K | $11.00K | $1.00K |
| Retained Earnings | $-1.48B | $-1.18B | $-692.13M | $-348.49M | $-258.68M | $-3.00K |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $- | $- | $- |
| Other Total Stockholders Equity | $1.73B | $1.42B | $1.04B | $917.19M | $263.66M | $24.00K |
| Total Stockholders Equity | $249.58M | $236.57M | $344.00M | $571.86M | $-55.87M | $22.00K |
| Total Equity | $249.58M | $236.57M | $344.00M | $571.86M | $-55.87M | $22.00K |
| Total Liabilities and Stockholders Equity | $542.00M | $496.47M | $523.07M | $753.47M | $72.08M | $238.00K |
| Minority Interest | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $542.00M | $496.47M | $523.07M | $753.47M | $72.08M | $238.00K |
| Total Investments | $60.77M | $3.75M | $7.03M | $- | $307.34M | $- |
| Total Debt | $89.99M | $73.44M | $13.83M | $20.20M | $100.12M | $90.00K |
| Net Debt | $79.69M | $36.85M | $-210.90M | $-682.22M | $71.12M | $84.00K |
Cash Flow Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Net Income | $-302.02M | $-487.69M | $-346.77M | $-89.82M | $-182.36M |
| Depreciation and Amortization | $13.84M | $11.55M | $8.92M | $7.12M | $4.73M |
| Deferred Income Tax | $- | $- | $1.64M | $-5.04M | $- |
| Stock Based Compensation | $30.21M | $79.57M | $108.36M | $84.28M | $1.87M |
| Change in Working Capital | $-32.52M | $6.71M | $30.43M | $8.55M | $-148.00K |
| Accounts Receivables | $- | $- | $- | $- | $- |
| Inventory | $2.18M | $-2.95M | $- | $- | $- |
| Accounts Payables | $-17.69M | $3.11M | $33.37M | $2.49M | $-370.00K |
| Other Working Capital | $-17.00M | $6.55M | $-2.94M | $6.06M | $222.00K |
| Other Non Cash Items | $39.35M | $-10.62M | $-103.40M | $-112.14M | $4.45M |
| Net Cash Provided by Operating Activities | $-251.13M | $-400.48M | $-300.82M | $-107.05M | $-171.45M |
| Investments in Property Plant and Equipment | $-67.06M | $-97.27M | $-136.59M | $-7.56M | $-22.14M |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $-303.15M |
| Sales Maturities of Investments | $- | $- | $- | $- | $1.34M |
| Other Investing Activities | $- | $30.44M | $-26.13M | $-7.56M | $301.81M |
| Net Cash Used for Investing Activities | $-67.06M | $-66.83M | $-162.73M | $-7.56M | $-22.14M |
| Debt Repayment | $159.30M | $- | $-6.94M | $7.02M | $85.00M |
| Common Stock Issued | $84.69M | $57.66M | $- | $180.51M | $128.00K |
| Common Stock Repurchased | $- | $-12.00K | $-17.00K | $-64.00K | $-44.00K |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $44.50M | $232.78M | $-4.43M | $600.07M | $120.00M |
| Net Cash Used Provided by Financing Activities | $288.48M | $290.43M | $-11.39M | $787.53M | $205.08M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $-29.72M | $-176.88M | $-474.93M | $672.91M | $11.49M |
| Cash at End of Period | $10.30M | $50.62M | $227.49M | $702.42M | $29.51M |
| Cash at Beginning of Period | $40.02M | $227.49M | $702.42M | $29.51M | $18.02M |
| Operating Cash Flow | $-251.13M | $-400.48M | $-300.82M | $-107.05M | $-171.45M |
| Capital Expenditure | $-67.06M | $-97.27M | $-136.59M | $-7.56M | $-22.14M |
| Free Cash Flow | $-318.20M | $-497.75M | $-437.41M | $-114.61M | $-193.60M |