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Income Statement
Balance Sheet
Cash Flow Statement
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Op Efficiency
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ESS Tech, Inc.

Cash Flow Statement

Standardized | As Reported Annual | Quarterly | TTM
 
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     -25.2-100.1 -249.3-245.4
    Adjustments to reconcile net loss to net cash used in operating activities:          
        Depreciation and amortization     0.5   0.3
        Non-cash interest (income) expense     0.0    
        Non-cash lease expense     0.60.3   
        Stock-based compensation expense     5.73.0  0.4
        Change in fair value of common stock warrant liabilities     -22.9-7.1 17.014.8
        Other non-cash income and expenses, net     0.2   0.0
        Changes in operating assets and liabilities:          
            Accounts receivable, net     1.80.8   
            Prepaid expenses and other assets     1.3-1.9  -2.6
            Accounts payable     -0.8-2.1  1.4
            Accrued and other current liabilities          
            Accrued product warranties          
            Deferred revenue          
            Operating lease liabilities          
                Net cash used in operating activities     -36.2-29.6 -16.7-15.0
   
Cash flows from investing activities:          
    Purchases of property and equipment     -8.5-4.1  -0.2
    Maturities and purchases of short-term investments, net     -79.6    
        Net cash provided by (used in) investing activities     -88.1-4.1  -0.2
   
Cash flows from financing activities:          
    Payments on notes payable     -1.0-0.6  -0.2
    Proceeds from stock options exercised     0.10.2  0.7
    Repurchase of shares from employees for income tax withholding purposes      -2.8   
    Other, net     0.0    
        Net cash used in financing activities     -3.7-3.2  11.9
    Net change in cash, cash equivalents and restricted cash     -126.3-35.2  -3.3
   
Supplemental disclosures of cash flow information:          
    Cash paid for operating leases included in cash used in operating activities     0.80.4   
    Non-cash investing and financing transactions:          
        Purchase of property and equipment included in accounts payable and accrued and other current liabilities     0.62.3  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          

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