Lightning eMotors Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Sep '23 Sep 30, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018
Cash & Equivalents	6.02	56.01	168.54	0.46	1.3	8.81
Cash & Short-Term Investments	6.02	56.01	168.54	0.46	1.3	8.81
Cash Growth	-93.71%	-66.77%	36538.70%	-64.53%	-85.28%	-
Receivables	9.75	9.9	9.17	4.12	1.11	0.6
Inventory	19.21	47.07	14.62	5.74	3.99	0.74
Prepaid Expenses	4.26	4.93	4.3	1.96	0.27	0.21
Other Current Assets	0.41	4.48	2.77	2.04	2.11	0.74
Total Current Assets	39.66	122.38	199.4	14.32	8.77	11.1
Property, Plant & Equipment	15.56	20.15	13.84	10.5	0.96	0.54
Other Long-Term Assets	0.47	1.04	0.17	0.05	0.05	0.03
Total Assets	55.7	143.56	213.41	24.87	9.78	11.67
Accounts Payable	3.09	7.96	6.02	2.6	1.16	0.33
Accrued Expenses	6.01	4.29	3.87	0.65	0.42	0.36
Current Portion of Long-Term Debt	55.03	-	-	14.18	3.5	4.35
Current Portion of Leases	2.13	1.83	1.2	1.82	0.07	0.04
Current Unearned Revenue	0.58	0.53	0.15	0.27	-	-
Other Current Liabilities	3.43	1.33	3.18	23.13	0.92	0.48
Total Current Liabilities	70.26	15.94	14.42	42.65	6.07	5.55
Long-Term Debt	2.99	62.1	63.77	1.65	2.94	2.75
Long-Term Leases	6.85	8.35	9.42	7.27	0.07	0.14
Long-Term Unearned Revenue	0.21	0.26	-	-	-	-
Other Long-Term Liabilities	-	2.34	100.59	-	0.33	0.25
Total Liabilities	80.3	89	188.2	51.56	9.41	8.69
Common Stock	0	0.01	0.01	0	-	-
Additional Paid-In Capital	237.34	220.94	206.77	54.1	5.55	5.38
Retained Earnings	-261.95	-166.39	-181.56	-80.8	-43.16	-33.47
Comprehensive Income & Other	-	-	-	-	-	-0.07
Total Common Equity	-24.61	54.56	25.21	-26.7	-37.61	-28.16
Shareholders' Equity	-24.61	54.56	25.21	-26.7	0.37	2.97
Total Liabilities & Equity	55.7	143.56	213.41	24.87	9.78	11.67
Total Debt	66.99	72.29	74.39	24.92	6.58	7.28
Net Cash (Debt)	-60.96	-16.27	94.15	-24.46	-5.28	1.53
Net Cash Per Share	-11.51	-3.80	31.25	-16.25	-32.46	9.42
Filing Date Shares Outstanding	6.59	4.71	3.76	4.91	4.21	0.16
Total Common Shares Outstanding	6.59	4.49	3.75	4.91	3.25	0.16
Working Capital	-30.6	106.44	184.98	-28.32	2.7	5.55
Book Value Per Share	-3.73	12.15	6.72	-5.44	-11.56	-173.07
Tangible Book Value	-24.61	54.56	25.21	-26.7	-37.61	-28.16
Tangible Book Value Per Share	-3.73	12.15	6.72	-5.44	-11.56	-173.07
Machinery	5.49	8.24	4.14	2.06	1.48	1.05
Construction In Progress	0.76	2.32	0.96	1.08	0.12	0.02
Leasehold Improvements	1.64	3.66	1.02	0.65	0.32	0.27
Order Backlog	-	-	-	-	27.08	4.66

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