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Income Statement
Balance Sheet
Cash Flow Statement
Segments

Common Size IS
Op Efficiency
Credit Analysis

Nuvve Holding Corp.

Cash Flow Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19
   10-K10-K8-KS-1
Operating activities      
Net loss  -24.6-74.6-4,885.1 
   
Adjustments to reconcile to net loss to net cash used in operating activities      
Depreciation and amortization  0.30.2165.0 
Share-based compensation  5.24.2599.5 
Financing costs   46.8  
   
Beneficial conversion feature on convertible debenture      
Accretion of discount on convertible debenture   0.1  
Change in fair value of warrants liability  -12.00.3  
Change in fair value of derivative liability  -12.10.3  
Loss on disposal of asset   0.0  
Gain on extinguishment of PPP Loan   -0.5  
Noncash lease expense  0.40.0  
   
Change in operating assets and liabilities      
Accounts receivable  0.8-0.9  
Inventory  -0.4-10.1-835.7 
Prepaid expenses and other assets  -2.1-0.7  
Accounts payable  -3.32.81,458.3 
Accrued expenses  1.32.1247.2 
Deferred revenue  0.40.6  
    Net cash used in operating activities  -34.1-29.2-3,078.9 
   
Investing activities      
Proceeds from sale of property and equipment   0.0  
Purchase of property and equipment  -0.4-0.3  
Investments in equity securities  -1.0   
    Net cash used in investing activities  -1.4-0.3-22.5 
   
Financing activities      
Proceeds from Newborn Escrow Account   58.2  
Redemption of Newborn shares   0.0  
Issuance costs related to reverse recapitalization and PIPE offering   -4.0  
Proceeds from PIPE offering   14.3  
Repayment of Newborn sponsor loans   -0.5  
Repurchase of common stock from EDF   -6.0  
Newborn cash acquired   0.1  
Purchase of stock from investor   -2.0  
Payment of financing costs   -1.0-263.6 
Payment of finance lease obligations  0.00.0  
Proceeds from forward option put exercise  2.0   
Proceeds from exercise of pre-funded warrants related to Direct Offering  0.0   
Proceeds from Direct Offering of common stock, net of offering costs  16.81.3  
Proceeds from common stock offering, net of offering costs  16.81.3  
Proceeds from exercise of stock options  0.20.622.9 
Issuance of Redeemable Preferred Stock   3.1  
Payment of Preferred Stock dividends   0.0  
    Net cash provided by financing activities  19.159.75,239.9 
Effect of exchange rate on cash  -0.10.2  
    Net increase in cash and restricted cash  -16.530.5  
   
Supplemental Disclosure of cash information:      
    Cash paid for income taxes   0.0  
    Supplemental Disclosure of Noncash Financing Activity      
    Conversion of preferred stock to common stock   0.0  
    Conversion of debenture and accrued interest to common shares   4.0  
    Conversion of shares due to reverse recapitalization   0.0  
    Issuance of common stock for merger success fee   2.1  
    Non-cash merger transaction costs   2.1  
    Accrued transaction costs related to reverse recapitalization   0.2  
    Issuance of private warrants  16.81.3  
    Forgiveness of PPP Loan   0.5  
    Issuance of Stonepeak and Evolve warrants   30.2  
    Issuance of Stonepeak and Evolve options   12.6  

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