Aeva Technologies Inc
For the period ended Dec 31, 2023. Filed Mar 15, 2024.
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FY2023 · Filed Mar 15, 2024
AEVA$12.27-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Year EndedDecember 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from operating activities: | |||
| Net loss | $(149,333) | $(147,305) | $(101,878) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 4,622 | 3,265 | 1,147 |
| Impairment of inventories | 224 | 1,664 | — |
| Loss on write down of fixed assets | — | — | 52 |
| Fair value at issuance of Series A warrants | 6,500 | — | — |
| Change in fair value of warrant liabilities | 182 | (970) | (1,954) |
| Stock-based compensation | 23,675 | 24,247 | 22,237 |
| Amortization of right-of-use assets | 3,108 | 2,882 | 1,901 |
| Realized loss on available-for-sale securities | — | 29 | — |
| Amortization of premium and accretion of discount on available-for-sale securities, net | (2,973) | 389 | 1,498 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 2,259 | (546) | (2,200) |
| Inventories | 353 | (2,552) | (844) |
| Other current assets | 279 | 3,634 | (7,285) |
| Other noncurrent assets | (270) | (3) | (795) |
| Accounts payable | (1,592) | 1,287 | 2,667 |
| Accrued liabilities | (6,415) | 4,953 | 3,202 |
| Accrued employee costs | 1,322 | 2,525 | 1,474 |
| Lease liability | (3,097) | (2,871) | (1,785) |
| Other current liabilities | 2,330 | (539) | 458 |
| Net cash used in operating activities | (118,826) | (109,911) | (82,105) |
| Cash flows from investing activities: | |||
| Purchase of property, plant, and equipment | (6,104) | (7,439) | (3,850) |
| Purchase of non-marketable equity investments | (5,000) | — | — |
| Purchase of available-for-sale securities | (152,364) | (210,197) | (571,925) |
| Proceeds from sale of available-for-sale securities | — | — | 20,123 |
| Proceeds from maturities of available-for-sale securities | 232,745 | 328,526 | 171,580 |
| Purchase of intangible assets | — | — | (4,500) |
| Net cash provided by (used in) investing activities | 69,277 | 110,890 | (388,572) |
| Cash flows from financing activities: | |||
| Proceeds from business combination and private offering | — | — | 560,777 |
| Transaction costs related to business combination and private offering | — | — | (47,487) |
| Proceeds from issuance of stock in private placement | 21,455 | — | — |
| Transaction costs related to issuance of stock in private placement | (818) | — | — |
| Payments of taxes withheld on net settled vesting of restricted stock units | (199) | (720) | (1,338) |
| Proceeds from exercise of stock options | 238 | 350 | 911 |
| Proceeds from exercise of warrants | — | 1 | — |
| Net cash provided by (used in) financing activities | 20,676 | (369) | 512,863 |
| Net increase (decrease) in cash and cash equivalents | (28,873) | 610 | 42,186 |
| Beginning cash and cash equivalents | 67,420 | 66,810 | 24,624 |
| Ending cash and cash equivalents | $38,547 | $67,420 | $66,810 |
| Supplemental disclosures of cash flow information: | |||
| Cash paid for interest | $— | $— | $— |
| Cash paid for income taxes | $— | $— | $— |
| Supplemental disclosure of noncash investing and financing activities: | |||
| Unpaid property, plant and equipment purchases | $90 | $79 | $796 |
| Private placement of warrants acquired as part of merger | $— | $— | $3,014 |
| Right-of-use asset obtained in exchange for lease liability | $2,995 | $— | $10,515 |
| Non-cash lease adoption | $— | $— | $1,671 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.