Vicinity Motor Corp. (VEVMQ)

Vicinity Motor Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Mar 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	4.32	2.03	1.62	4.4	1.01	0.76
Cash & Short-Term Investments	4.32	2.03	1.62	4.4	1.01	0.76
Cash Growth	142.34%	24.91%	-63.15%	336.71%	33.16%	-72.30%
Accounts Receivable	5.09	2.63	1.08	1.27	1.59	6.94
Other Receivables	2.43	2.97	1.58	1.54	1.67	2.26
Receivables	7.52	5.6	2.66	2.81	3.26	9.2
Inventory	28.23	23.27	10.07	9.42	25.62	19.3
Prepaid Expenses	4.53	9.75	3.8	4.18	1.91	1.2
Restricted Cash	-	-	-	-	0.28	0.36
Total Current Assets	44.61	40.65	18.15	20.81	32.07	30.82
Property, Plant & Equipment	23.54	23.73	22.61	10.83	3.17	4.53
Other Intangible Assets	9.69	9.82	14.27	22.35	1.71	1.55
Total Assets	77.83	74.2	55.03	53.99	36.94	36.9
Accounts Payable	13.34	9.54	4.18	2.91	10.13	7.83
Accrued Expenses	0.58	0.61	0.77	-	0	0.01
Short-Term Debt	29.11	27.08	7.22	7.14	6.51	7.2
Current Portion of Long-Term Debt	1.56	0.76	0.07	0.11	0.15	0.74
Current Portion of Leases	-	0.46	0.38	0.02	0.07	0.1
Current Unearned Revenue	4.37	4.43	2.38	3.19	1.49	1.28
Other Current Liabilities	0.68	0.63	1.59	6.02	0.6	1.45
Total Current Liabilities	49.64	43.51	16.57	19.4	18.96	18.61
Long-Term Debt	7.36	8.16	-	-	-	-
Long-Term Leases	1.86	1.19	1.5	0.09	0.22	0.39
Long-Term Unearned Revenue	-	-	-	-	-	1.1
Other Long-Term Liabilities	0.23	0.14	0.12	0.26	0.2	0.14
Total Liabilities	59.09	53	18.2	19.75	19.38	20.25
Common Stock	76.8	76.8	75.98	58.06	37.18	37.14
Additional Paid-In Capital	8.46	8.26	7.09	6.04	2.62	2.38
Retained Earnings	-68	-64.28	-47.64	-29.69	-22.23	-22.85
Comprehensive Income & Other	1.48	0.41	1.4	-0.15	-	-0.02
Shareholders' Equity	18.74	21.2	36.83	34.25	17.57	16.66
Total Liabilities & Equity	77.83	74.2	55.03	53.99	36.94	36.9
Total Debt	39.89	37.66	9.17	7.37	6.95	8.43
Net Cash (Debt)	-35.57	-35.63	-7.55	-2.97	-5.94	-7.67
Net Cash Per Share	-0.78	-0.78	-0.19	-0.10	-0.23	-0.32
Filing Date Shares Outstanding	45.67	45.67	45.67	39.69	29.31	25.49
Total Common Shares Outstanding	45.67	45.67	44.74	34.95	28.65	24.84
Working Capital	-5.03	-2.86	1.57	1.41	13.11	12.21
Book Value Per Share	0.41	0.46	0.82	0.98	0.61	0.67
Tangible Book Value	9.06	11.38	22.56	11.89	15.86	15.11
Tangible Book Value Per Share	0.20	0.25	0.50	0.34	0.55	0.61
Land	-	1.76	1.76	1.76	-	-
Machinery	-	19.34	17.61	6.25	1.21	1.2
Order Backlog	-	125	-	-	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.