Eve Holding Inc

For the period ended Dec 31, 2023. Filed Mar 8, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 8, 2024

EVEX$1.99+2.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 8. Consolidated Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

· · Year Ended December 31,
· · 2023 · 2022 · 2021
Cash flows from operating activities
Net loss		$(127,658)		$(174,030)		$(18,256)
Adjustments to reconcile net loss to net cash used by operating activities
Depreciation, amortization, and loss on disposal		184		25		108
Non-cash lease expenses		84		9		-
Unrealized (gain)/loss on exchange rate changes		(9)		-		-
Long-term incentive plan expense		-		1		150
Share-based compensation		3,292		3,301		-
Warrant expenses		2,343		108,085		-
Change in fair value of derivative financial instruments		10,403		(9,548)		-
Deferred income taxes		(1,714)		-		-
Non-cash tax expense		436		-		-
Changes in operating assets and liabilities
Accrued interest on financial investments, net		564		(1,782)		-
Accrued interest on related party loan receivable, net		(391)		(1,650)		-
Other assets		623		4,840		(6,270)
Related party receivables		(299)		207		(220)
Accounts payable		2,460		1,924		31
Related party payables		7,510		2,864		8,642
Other payables		7,664		6,295		929
Net cash used by operating activities		(94,509)		(59,458)		(14,886)
Cash flows from investing activities
Redemptions of financial investments		219,500		-		-
Purchases of financial investments		(152,500)		(177,000)		-
Related party loan		-		(81,000)		-
Expenditures for property, plant and equipment		(168)		(476)		-
Net cash provided (used) by investing activities		66,832		(258,476)		-
Cash flows from financing activities
Proceeds from issuance of debt		25,453		-		-
Non-creditor debt issuance costs		(243)		-		-
Tax withholding on share-based compensation		(287)		-		-
Capital contribution net of transaction costs reimbursed to Zanite		-		369,830		15,000
Transaction costs reimbursed to parent		-		(15,754)		-
Transfer from parent		-		-		14,263
Distribution to parent, net		-		(1,373)		-
Proceeds from exercised warrants		3		-		-
Net cash provided by financing activities		24,926		352,704		29,263
Effect of exchange rate changes on cash and cash equivalents		487		-		-
Net (decrease) increase in cash and cash equivalents		(2,264)		34,770		14,377
Cash and cash equivalents at the beginning of the period		49,146		14,377		-
Cash and cash equivalents at the end of the period		$46,882		$49,146		$14,377
Supplemental disclosure of cash information
Cash paid for
Interest		$77	$	-	$	-
Income taxes		$1,762		$970	$	-
Supplemental disclosure of other non-cash investing and financing activities
Property, plant & equipment expenditures in accounts payable and other payables		$106	$	-	$	-
Recognition of the operating lease Right-of-use assets and liabilities		$376		$224	$	-
Issuance of common stock for vested restricted stock units		$1,366		$1,585	$	-
Additions to capitalized software transferred by parent	$	-	$	-		$784

The accompanying notes are an integral part of these consolidated financial statements.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.