Nikola Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-958.23	-966.28	-784.24	-690.44	-370.87
Depreciation & Amortization	46.02	35.89	22.77	8.23	6.01
Loss (Gain) From Sale of Assets	10.37	-	-	-	-
Asset Writedown & Restructuring Costs	336.76	-	-	-	14.42
Loss (Gain) From Sale of Investments	-	-70.85	-	-	-
Loss (Gain) on Equity Investments	1.63	16.42	20.67	3.58	0.64
Stock-Based Compensation	31.97	75.39	252.45	205.71	137.99
Other Operating Activities	137.15	376.23	35.89	55.34	32.54
Change in Accounts Receivable	-15.41	13.67	-31.64	-	-
Change in Inventory	-99.4	-23.76	-141.17	-17.41	-
Change in Accounts Payable	-28.9	-14.61	29.67	96.14	29.67
Change in Other Net Operating Assets	16.54	-39.93	-32.05	31.69	-0.93
Operating Cash Flow	-521.5	-496.18	-581.56	-307.15	-150.53
Capital Expenditures	-47.02	-120.52	-168.26	-179.27	-22.32
Sale of Property, Plant & Equipment	21.81	20.74	0.02	0.2	-
Investment in Securities	-	35.75	-23.03	-25	-8.82
Other Investing Activities	-	-2.73	-34.38	-3.41	-
Investing Cash Flow	-25.21	-66.75	-225.65	-207.48	-31.14
Short-Term Debt Issued	5.79	5.22	6.64	-	-
Long-Term Debt Issued	80	442.88	332.04	24.63	4.13
Total Debt Issued	85.79	448.1	338.67	24.63	4.13
Short-Term Debt Repaid	-44.52	-5.37	-4.64	-	-
Long-Term Debt Repaid	-6.34	-46.78	-30.84	-4.96	-5.18
Total Debt Repaid	-50.86	-52.15	-35.48	-4.96	-5.18
Net Debt Issued (Repaid)	34.93	395.95	303.19	19.67	-1.04
Issuance of Common Stock	144.09	382.27	295.68	168.57	274.2
Other Financing Activities	-4.66	-35.24	-	-0.64	617.62
Financing Cash Flow	174.36	742.98	598.88	187.6	941.12
Net Cash Flow	-372.35	180.06	-208.33	-327.04	759.45
Free Cash Flow	-568.52	-616.69	-749.82	-486.42	-172.86
Free Cash Flow Margin	-825.59%	-1720.73%	-1507.93%	-	-181954.74%
Free Cash Flow Per Share	-10.42	-23.13	-50.92	-36.59	-15.44
Cash Interest Paid	18.05	8.33	4.1	0.8	0.88
Levered Free Cash Flow	-414.29	-414.41	-385.4	-231.58	-128.11
Unlevered Free Cash Flow	-400.03	-366.9	-373.44	-231.28	-128.11
Change in Working Capital	-127.18	-64.64	-175.19	110.43	28.74

Source: S&P Global Market Intelligence. Standard template. Financial Sources.