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Income Statement
Balance Sheet
Cash Flow Statement

Common Size IS
Op Efficiency
Credit Analysis

Embark Technology, Inc.

Cash Flow Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsSep-30-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21
   10-Q10-Q10-Q8-K10-Q
Cash flows from operating activities       
Net loss  -192.4-176.1-182.0-172.0-54.4
   
Adjustments to reconcile net loss to net cash used in operating activities:       
    Depreciation and amortization  1.41.10.9 0.8
    Stock-based compensation, net of amounts capitalized  39.929.617.7 1.7
    Change in fair value of warrants  -38.9-37.5-14.08.2 
    Net amortization of premiums and accretion of discounts on investments      0.3
    Amortization of debt discount      3.7
    Change in the fair value of derivative liability  -47.1-44.7  5.8
    Loss on sale of property, equipment and software  -0.1    
    Issuance of common stock for services  -38.9-37.5-14.08.2 
    Changes in operating assets and liabilities:       
        Prepaid expenses and other current assets  3.17.7-0.3 -1.1
        Other assets  -2.8-3.7-3.3 -3.2
        Accounts payable  1.13.24.1 2.8
        Other long-term liabilities    0.1 0.0
        Accrued expenses and other current liabilities  4.52.14.5 2.4
            Net cash used in operating activities  -132.3-119.1-110.3-98.9-39.7
   
Cash flows from investing activities       
Maturities of investments      48.2
Proceeds from sale of property, equipment and software  0.4    
Purchase of property, equipment and software  -8.2-5.2-3.1 -4.6
    Net cash provided by (used in) investing activities  41.757.376.195.049.9
   
Cash flows from financing activities       
Cash proceeds received from convertible note payable      25.0
Payment towards notes payable  -0.3-0.2-0.2 -0.4
Proceeds from exercise of stock options  1.31.20.4 0.1
Deferred offering costs      -0.8
    Net cash provided by financing activities  271.0270.2294.5294.324.2
    Net increase (decrease) in cash, cash equivalents and restricted cash  -73.1-45.16.7 36.8
   
Supplemental disclosures of cash flow information:       
    Cash paid during the period for interest    0.0 0.0
    Supplemental schedule of noncash investing and financing activities       
    Acquisition of property, equipment and software in accounts payable  1.00.40.2  
    Acquisition of trucks by assuming notes payable  1.41.0   
    Stock-based compensation capitalized into internally developed software  1.11.00.3 0.2
    Vesting of early exercised stock options  0.00.00.0 0.0
    Issuance of common stock for services   0.7   

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