Lordstown Motors Corp.
Cash Flow
Last updated:
Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of Lordstown Motors Corp. generated cash of -$137,163,000, which is more than the previous year. Cash used in financing activities reached the amount of $0 last year. Net change in cash is therefore -$34,259,000.
Cash Flow
| 2019 | -5.20M | -133K | 7.49M |
|---|---|---|---|
| 2022 | -213.76M | -114.90M | 206.01M |
| 2023 | -137.16M | 102.90M | 0 |
RIDE Cash Flow Statement (2019 – 2023)
| 2023 | 2022 | 2019 | |
|---|---|---|---|
Cash at beginning of period | 121.35M | 244.01M | 20K |
Operating activities | |||
Net income | -343.06M | -282.40M | -10.39M |
| Adjustments to reconcile net income to cash generated by operating activities: | |||
Depreciation and amortization | 54.40M | 8.47M | 0 |
Stock-based compensation expense | 7.40M | 18.82M | 513K |
| Deferred income tax benefit | 7.40M | 18.82M | 513K |
| Changes in operating assets and liabilities: | |||
Accounts receivable, net | 204K | -203K | 0 |
Inventories | -10.53M | -54.64M | 0 |
Accounts payable | -11.94M | 2.52M | 1.80M |
Cash generated by operating activities | -137.16M | -213.76M | -5.20M |
Investing activities | |||
Purchases Of Investments | -32.14M | -113.79M | 0 |
Investments In Property Plant And Equipment | -10.15M | -54.56M | -133K |
Acquisitions Net | 0 | 39.96M | 0 |
Cash generated by investing activities | 102.90M | -114.90M | -133K |
Financing activities | |||
Common Stock Issued | 0 | 54.97M | 7.49M |
Payments for dividends | 0 | 0 | 0 |
Repurchases of common stock | 0 | 0 | 0 |
Repayments of term debt | 0 | 0 | 0 |
Cash used in financing activities | 0 | 206.01M | 7.49M |
Net Change In Cash | -34.25M | -122.65M | 2.13M |
Cash at end of period | 87.09M | 121.35M | 2.15M |