FARADAY FUTURE INTELLIGENT ELECTRIC INC
For the period ended Dec 31, 2023. Filed May 28, 2024.
View on SEC.govAbout 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 May 28, 2024
FFAI$0.25-9.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of and
(in thousands, except share and per share data)
| 2023 | 2022 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash | $1,898 | $16,968 |
| Restricted cash | 2,127 | 1,546 |
| Accounts receivable, net | 7 | — |
| Inventory | 34,229 | 4,457 |
| Deposits | 31,382 | 44,066 |
| Other current assets | 21,721 | 17,489 |
| Total current assets | 91,364 | 84,526 |
| Property and equipment, net | 417,812 | 406,320 |
| Finance lease right-of-use assets | — | 12,362 |
| Operating lease right-of-use assets | 16,486 | 19,588 |
| Other non-current assets | 4,877 | 6,492 |
| Total assets | $530,539 | $529,288 |
| Liabilities and stockholders’ equity | ||
| Current liabilities | ||
| Accounts payable | $93,170 | $91,603 |
| Accrued expenses and other current liabilities | 62,391 | 65,709 |
| Warrant liabilities | 285 | 92,781 |
| Related party warrant liabilities | 21 | — |
| Accrued interest | 25 | 189 |
| Related party accrued interest | 753 | — |
| Operating lease liabilities, current portion | 3,621 | 2,538 |
| Finance lease liabilities, current portion | — | 1,364 |
| Related party notes payable, current portion | 9,760 | 8,964 |
| Notes payable, current portion | 91,150 | 5,097 |
| Total current liabilities | 261,176 | 268,245 |
| Financial obligations on a sale and lease back transaction | 25,483 | — |
| Finance lease liabilities, less current portion | — | 6,570 |
| Operating lease liabilities, less current portion | 14,306 | 18,044 |
| Other liabilities | 1,338 | 9,429 |
| Related party notes payable, less current portion | — | — |
| Notes payable, less current portion | — | 26,008 |
| Total liabilities | 302,303 | 328,296 |
| Commitments and contingencies (Note 10) | ||
| Stockholders’ equity | ||
| Class A Common Stock, $0.0001 par value; 49,291,667 and 23,770,834 shares authorized; 42,433,025 and 2,347,276 shares issued and outstanding as of December 31, 2023 and 2022, respectively | 4 | — |
| Class B Common Stock, $0.0001 par value; 2,187,500 and 312,500 shares authorized; 266,670 shares issued and outstanding as of December 31, 2023 and 2022 | — | — |
| Preferred Stock, $0.0001 par value, 10,000,000 shares authorized, zero share issued and outstanding as of December 31, 2023 and 2022 | — | — |
| Additional paid-in capital | 4,180,869 | 3,724,242 |
| Accumulated other comprehensive gain | 5,862 | 3,505 |
| Accumulated deficit | (3,958,499) | (3,526,755) |
| Total stockholders’ equity | 228,236 | 200,992 |
| Total liabilities and stockholders’ equity | $530,539 | $529,288 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.