QuantumScape Corp
For the period ended Sep 30, 2024. Filed Oct 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 25, 2024
QS$4.45-2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (Unaudited)
(In Thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities | ||
| Net loss | $(363,280) | $(331,740) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 39,795 | 31,177 |
| Amortization of right-of-use assets and non-cash lease expense | 5,980 | 5,825 |
| Amortization of premiums and accretion of discounts on marketable securities | (23,124) | (10,855) |
| Stock-based compensation expense | 110,471 | 128,373 |
| Write-off of property and equipment | 1,533 | 6,342 |
| Other | 186 | 474 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets and other assets | (777) | (3,985) |
| Accounts payable, accrued liabilities and accrued compensation and benefits | 15,984 | (5,544) |
| Operating lease liability | (3,717) | (2,270) |
| Other liabilities | 1,051 | (348) |
| Net cash used in operating activities | (215,898) | (182,551) |
| Investing activities | ||
| Purchases of property and equipment | (50,969) | (70,708) |
| Proceeds from maturities of marketable securities | 1,146,587 | 702,128 |
| Proceeds from sales of marketable securities | 1,245 | 1,477 |
| Purchases of marketable securities | (858,921) | (731,461) |
| Net cash provided by (used in) investing activities | 237,942 | (98,564) |
| Financing activities | ||
| Proceeds from exercise of stock options and employee stock purchase plan | 13,968 | 9,930 |
| Proceeds from issuance of common stock, net of issuance costs paid | — | 288,431 |
| Principal payment for finance lease | (2,146) | (1,290) |
| Dissolution of joint venture | (1,685) | — |
| Net cash provided by financing activities | 10,137 | 297,071 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 32,181 | 15,956 |
| Cash, cash equivalents and restricted cash at beginning of period | 160,572 | 252,916 |
| Cash, cash equivalents and restricted cash at end of period | $192,753 | $268,872 |
| Supplemental disclosure: | ||
| Cash paid for interest | $1,684 | $1,195 |
| Purchases of property and equipment, not yet paid | $4,702 | $7,289 |
| Common stock issuance costs, accrued but not paid | $— | $277 |
The following table presents the Company’s cash, cash equivalents and restricted cash by category in the Company’s Condensed Consolidated Balance Sheets (Unaudited) (amounts in thousands):
| As of September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash and cash equivalents | $174,705 | $250,824 |
| Other assets | 18,048 | 18,048 |
| Total cash, cash equivalents and restricted cash | $192,753 | $268,872 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.