ACCT 212 Project

RIVIAN AUTOMOTIVE, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS

(in millions, except per share amounts)
Years Ended December 31,
2021 2022
Revenues $ 55 $ 1,658
Cost of revenues 520 4781
Gross profit $ (465) $ (3,123)
Operating expenses
Research and development 1,850 1,944
Selling, general, and administrative 1,242 1,789
Other expenses 663 -
Total operating expenses 3,755 3,733
Loss from operations (4,220) (6,856)
Interest income 3 193
Interest expense (29) (103)
Loss on convertible notes, net (441) -
Other (expense) income, net (1) 18
Loss before income taxes (4,688) (6,748)
Provision for income taxes - (4)
Net loss (4,688) (6,752)
Net loss attributable to common stockholders, basic
and diluted (4,688) (6,752)
Net loss per share attributable to Class A and Class B
common stockholders, basic and diluted (22.98) (7.40)
Weighted-average common shares outstanding, basic
and diluted 204 913
December 31,
2023
$ 4,434
6464
$ (2,030)
1,995
1,714
-
3,709
(5,739)
522
(220)
-
6
(5,431)
(1)
(5,432)
(5,432)
(5.74)
947
CONSOLIDATED BALANCE SHEET
(in millions, except per share amounts)
2021
ASSETS
Current assets:
Cash and cash equivalents 18,133
Short-term investments -
Accounts receivable, net 26
Inventory 274
Other current assets 126
Total current assets 18,559
Property, plant, and equipment, net 3,183
Operating lease assets, net 228
Other non-current assets 324
Total assets 22,294
LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:
Accounts payable 483
Accrued liabilities 667
Current portion of lease liabilities and other current liabilities 163
Total current liabilities 1,313
Long-term debt 1,226
Non-current lease liabilities 218
Other non-current liabilities 23
Total liabilities 2,780
Stockholders' equity:
Preferred stock -
Common stock 1
Additional paid-in capital 25,887
Accumulated deficit (6,374)
Accumulated other comprehensive (loss) income -
Total stockholders' equity 19,514
Total liabilities and stockholders' equity 22,294
C.
HEET
mounts)
2022 2023
11,568 7,857
- 1,511
102 161
1,348 2,620
112 164
13,130 12,313
3,758 3,874
330 356
658 235
17,876 16,778
1,000 981
1,154 1,145
270 361
2,424 2,487
1,231 4,431
311 324
111 395
4,077 7,637
- -
1 1
26,926 27,695
(13,126) (18,558)
(2) 3
13,799 9,141
17,876 16,778
CONSOLIDATED STATEMENTS OF CASHFLOWS
(in millions)
Years Ended Dec
2021
Cash flows from operating activities:
Net loss (4,688)
Depreciation and amortization 197
Stock-based compensation expense 570
Other expenses 643
Loss on convertible notes, net 441
Inventory LCNRV write-downs and losses on firm purchase commitments 95

Other non-cash activities 36
Changes in operating assets and liabilities:
Accounts receivable, net (20)
Inventory (369)
Other current assets (81)
Other non-current assets (8)
Accounts payable and accrued liabilities 461
Other current liabilities 83
Other non-current liabilities 18
Net cash used in operating activities (2,622)
Cash flows from investing activities:

Purchases of short-term investments -
Maturities of short-term investments -
Capital expenditures (1,764)
Net cash used in investing activities (1,764)
Cash flows from financing activities:

Proceeds from share issuance upon initial public offering, net of underwriting discounts
and commissions and offering costs 13,530
Proceeds from issuance of capital stock including employee stock purchase plan 2,658
Proceeds from issuance of convertible notes 2,500
Proceeds from issuance of long-term debt 1,226
Purchase of capped call options -
Other financing activities (86)
Net cash provided by financing activities 19,828
Effect of exchange rate changes on cash and cash equivalents -

Net change in cash 15,412
Cash, cash equivalents, and restricted cash—Beginning of period 3,011
Cash, cash equivalents, and restricted cash—End of period 18,423
WS

2022 2023
(6,752) (5,432)
652 937
987 821
- -
- -
920 107
82 115
(76) (59)
(1,657) (1,604)
(14) (62)
(22) (84)
623 105
104 73
101 217
(5,052) (4,866)
- (2,410)
- 925
(1,369) (1,026)
(1,369) (2,511)
- -
102 61
- 3,195
- -
- (108)
(3) (18)
99 3,130
(2) 5
(6,324) (4,242)
18,423 12,099
12,099 7,857

ACCT 212 Project

Uploaded by

Copyright:

Available Formats

ACCT 212 Project

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

ACCT 212 Project

Uploaded by

Copyright:

Available Formats

RIVIAN AUTOMOTIVE, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

LIABILITIES AND STOCKHOLDERS’ EQUITY

Inventory LCNRV write-downs and losses on firm purchase commitments 95

Cash flows from investing activities:

Cash flows from financing activities:

Effect of exchange rate changes on cash and cash equivalents -

Years Ended December 31,

You might also like