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Income Statement
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Cash Flow Statement
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ESS Tech, Inc.

Cash Flow Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Mar-31-23Dec-31-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21Jun-30-21
   10-Q8-K8-K10-Q10-Q8-K10-Q10-Q
Cash flows from operating activities:          
    Net loss  -22.9-21.9 -15.6-5.7 -3.9-90.4
    Adjustments to reconcile net loss to net cash used in operating activities:          
        Depreciation and amortization  1.01.1 0.5   0.3
        Non-cash interest (income) expense  -1.5  0.0    
        Non-cash lease expense  0.6  0.30.3   
        Stock-based compensation expense  2.72.1 2.92.8  0.2
        Change in fair value of common stock warrant liabilities  -0.6  -9.4-15.7 2.26.4
        Other non-cash income and expenses, net  0.0  0.2   0.0
        Changes in operating assets and liabilities:          
            Accounts receivable, net  0.34.3 1.10.8   
            Prepaid expenses and other assets  2.60.0 0.90.4  -2.3
            Accounts payable  -0.1-0.5 0.8-1.6  -0.5
            Accrued and other current liabilities          
            Accrued product warranties          
            Deferred revenue          
            Operating lease liabilities          
                Net cash used in operating activities  -19.0-18.5 -15.2-19.4 -1.7-8.5
   
Cash flows from investing activities:          
    Purchases of property and equipment  -3.4  -4.4-4.0  0.0
    Maturities and purchases of short-term investments, net  37.4  -79.6    
        Net cash provided by (used in) investing activities  -38.172.1 -84.0-4.0  0.0
   
Cash flows from financing activities:          
    Payments on notes payable  -0.8  -0.5-0.5  -0.1
    Proceeds from stock options exercised  0.40.1 0.00.0  0.1
    Proceeds from contributions to Employee Stock Purchase Plan  0.3       
    Repurchase of shares from employees for income tax withholding purposes  -0.1   -2.8   
    Other, net  0.0  0.0    
        Net cash used in financing activities  -0.1-0.3 -0.4-3.2  0.0
    Net change in cash, cash equivalents and restricted cash  -4.1  -99.6-26.7  -8.5
Cash, cash equivalents and restricted cash, beginning of period    0.0     
Cash, cash equivalents and restricted cash, end of period    0.0     
   
Supplemental disclosures of cash flow information:          
    Cash paid for operating leases included in cash used in operating activities  0.8  0.40.4   
    Non-cash investing and financing transactions:          
        Purchase of property and equipment included in accounts payable and accrued and other current liabilities  0.9  -1.72.2  0.0
        Right-of-use operating lease assets obtained in exchange for lease obligations      4.5   
        Right-of-use finance lease assets obtained in exchange for lease obligations      0.1   
        Cash and cash equivalents          
        Restricted cash, current          
        Restricted cash, non-current          
            Total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows    0.0     

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