Local Bounti Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Cash & Equivalents	9.69	10.33	13.67	96.66	0.05	2.14
Cash & Short-Term Investments	9.69	10.33	13.67	96.66	0.05	2.14
Cash Growth	-71.47%	-24.44%	-85.86%	214702.22%	-97.89%	-
Receivables	2.5	3.08	2.69	0.11	0.33	-
Inventory	5.47	4.21	3.59	0.92	0.24	-
Prepaid Expenses	2.62	2.81	2.88	3.4	0.01	0.01
Restricted Cash	6.49	6.57	11.27	4.42	-	-
Total Current Assets	26.77	26.99	34.1	105.51	0.63	2.15
Property, Plant & Equipment	368.71	313.34	157.98	37.41	8.42	3.74
Goodwill	-	-	38.48	-	-	-
Other Intangible Assets	39.57	41.35	47.27	-	-	-
Other Long-Term Assets	3.06	0.07	0.9	1.02	0.05	-
Total Assets	438.1	381.75	278.74	143.93	9.1	5.89
Accounts Payable	13.74	14.64	13.76	1.92	0.18	0.15
Accrued Expenses	22.82	17.2	9.43	16.02	2.13	0.69
Short-Term Debt	-	-	-	-	0.05	-
Current Portion of Leases	0.19	0.1	0.08	0.03	-	-
Total Current Liabilities	43.49	31.94	23.27	17.97	2.35	0.84
Long-Term Debt	367.29	277.99	119.81	11.2	0.1	2.5
Long-Term Leases	49.86	49.34	14.33	13.08	9.22	-
Other Long-Term Liabilities	10.3	7.21	-	-	-	-
Total Liabilities	470.94	366.48	157.41	42.25	11.67	3.33
Common Stock	0	0	0	0.01	0	0
Additional Paid-In Capital	319.81	318.6	300.65	169.92	9.58	6.29
Retained Earnings	-352.65	-303.33	-179.31	-68.24	-12.15	-3.74
Shareholders' Equity	-32.84	15.27	121.33	101.68	-2.57	2.55
Total Liabilities & Equity	438.1	381.75	278.74	143.93	9.1	5.89
Total Debt	424.08	327.42	134.22	24.31	9.37	2.5
Net Cash (Debt)	-414.39	-317.1	-120.56	72.35	-9.33	-0.36
Net Cash Per Share	-50.45	-39.92	-17.99	17.78	-2.44	-
Filing Date Shares Outstanding	8.64	8.44	8.04	6.65	3.82	-
Total Common Shares Outstanding	8.57	8.31	7.98	6.64	3.82	-
Working Capital	-16.72	-4.95	10.84	87.54	-1.73	1.31
Book Value Per Share	-3.83	1.84	15.21	15.31	-0.67	-
Tangible Book Value	-72.41	-26.08	35.58	101.68	-2.57	2.55
Tangible Book Value Per Share	-8.44	-3.14	4.46	15.31	-0.67	-
Land	19.25	19.25	19.3	4.12	0.35	-
Buildings	242.75	66.75	55.39	14.14	-	-
Machinery	110.19	44.17	32.77	3.68	1.62	-
Construction In Progress	14.74	196.32	56.75	16.38	1.54	-

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