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	Sep '24 Sep 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	0.32	10.33	13.67	96.66	0.05	2.14
Cash & Short-Term Investments	0.32	10.33	13.67	96.66	0.05	2.14
Cash Growth	-97.32%	-24.44%	-85.86%	214702.22%	-97.89%	-
Receivables	2.04	3.08	2.69	0.11	0.33	-
Inventory	6.55	4.21	3.59	0.92	0.24	-
Prepaid Expenses	1.91	2.81	2.88	3.4	0.01	0.01
Restricted Cash	6.49	6.57	11.27	4.42	-	-
Total Current Assets	17.3	26.99	34.1	105.51	0.63	2.15
Property, Plant & Equipment	371.78	313.34	157.98	37.41	8.42	3.74
Goodwill	-	-	38.48	-	-	-
Other Intangible Assets	38.68	41.35	47.27	-	-	-
Other Long-Term Assets	3.06	0.07	0.9	1.02	0.05	-
Total Assets	430.81	381.75	278.74	143.93	9.1	5.89
Accounts Payable	16.36	14.64	13.76	1.92	0.18	0.15
Accrued Expenses	23.1	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	53.12	31.94	23.27	17.97	2.35	0.84
Long-Term Debt	384.94	277.99	119.81	11.2	0.1	2.5
Long-Term Leases	49.99	49.34	14.33	13.08	9.22	-
Other Long-Term Liabilities	8.38	7.21	-	-	-	-
Total Liabilities	496.43	366.48	157.41	42.25	11.67	3.33
Common Stock	0	0	0	0.01	0	0
Additional Paid-In Capital	321.36	318.6	300.65	169.92	9.58	6.29
Retained Earnings	-386.97	-303.33	-179.31	-68.24	-12.15	-3.74
Shareholders' Equity	-65.61	15.27	121.33	101.68	-2.57	2.55
Total Liabilities & Equity	430.81	381.75	278.74	143.93	9.1	5.89
Total Debt	448.59	327.42	134.22	24.31	9.37	2.5
Net Cash (Debt)	-448.27	-317.1	-120.56	72.35	-9.33	-0.36
Net Cash Per Share	-53.68	-39.92	-17.99	17.78	-2.44	-
Filing Date Shares Outstanding	8.66	8.44	8.04	6.65	3.82	-
Total Common Shares Outstanding	8.65	8.31	7.98	6.64	3.82	-
Working Capital	-35.82	-4.95	10.84	87.54	-1.73	1.31
Book Value Per Share	-7.58	1.84	15.21	15.31	-0.67	-
Tangible Book Value	-104.29	-26.08	35.58	101.68	-2.57	2.55
Tangible Book Value Per Share	-12.06	-3.14	4.46	15.31	-0.67	-
Land	19.25	19.25	19.3	4.12	0.35	-
Buildings	251.19	66.75	55.39	14.14	-	-
Machinery	113.8	44.17	32.77	3.68	1.62	-
Construction In Progress	10.77	196.32	56.75	16.38	1.54	-

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