FARADAY FUTURE INTELLIGENT ELECTRIC INC
For the period ended Dec 31, 2023. Filed May 28, 2024.
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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.
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Consolidated Statements of Stockholders’ Equity for the years ended
Consolidated Statements of Stockholders’ Equity
(in thousands, except share data)
| Commitment to Issue Class A Common Stock · Common Stock · Additional Paid-in Capital · Accumulated Other Comprehensive Gain (Loss) · AccumulatedDeficit · Total Stockholder’sEquity | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Class A · Class B | ||||||||||
| Shares · Amount · Shares · Amount · Shares · Amount | ||||||||||
| Balance as of December 31, 2021 | — | — | 702,887 | $— | — | $— | $3,482,244 | $(6,945) | $(2,907,644) | $567,655 |
| Reclassification of obligation to issue registered shares of Class A Common Stock upon adoption of ASU 2020-06 | — | 32,900 | — | — | — | — | — | — | (20,265) | (20,265) |
| Reclassification of deferred gain upon adoption of ASC 842 | — | — | — | — | — | — | — | — | 3,393 | 3,393 |
| Conversion of notes payable into Class A Common Stock (Note 7) | — | — | 1,071,008 | — | — | — | 164,068 | — | — | 164,068 |
| Class A Common Stock to be delivered for conversion of notes payable (Note 7) | — | — | — | — | — | — | — | — | — | — |
| Issuance pursuant to commitment to issue registered shares | — | (32,900) | 9,948 | — | — | — | 32,900 | — | — | 32,900 |
| Stock-based compensation | — | — | — | — | — | — | 17,664 | — | — | 17,664 |
| Chongqing related party note payable restructuring (Note 8) | — | — | — | — | — | — | 16,841 | — | — | 16,841 |
| Exercise of stock options and settlement on restricted stock tax withholding | — | — | 17,084 | — | — | — | 9,015 | — | — | 9,015 |
| Exercise of warrants | — | — | 121,261 | — | — | — | 7,419 | — | — | 7,419 |
| Amended exercise price of ATW NPA warrants (Note 11) | — | — | — | — | — | — | 1,238 | — | — | 1,238 |
| Transfer of private warrants to unaffiliated parties | — | — | — | — | — | — | 264 | — | — | 264 |
| Repurchase and retirement of Class A Common Stock | — | — | (404) | — | — | — | (767) | — | — | (767) |
| Receipt of Class A Common Stock in consideration of exercises of options | — | — | (1,300) | — | — | — | (669) | — | — | (669) |
| Settlement on restricted stock tax withholding | — | — | — | — | — | — | — | — | — | — |
| Issuance of shares pursuant to the commitment to issue Class A and Class B Common Stock | — | — | 371,468 | — | 266,670 | — | — | — | — | — |
| Issuance of shares for restricted stock vesting | — | — | 52,036 | — | — | — | — | — | — | — |
| Liability for insufficient authorized shares related to stock options and RSUs | — | — | — | — | — | — | (3,977) | — | — | (3,977) |
| Liability for insufficient authorized shares related to earnout | — | — | — | — | — | — | (2,250) | — | — | (2,250) |
| Issuance of SEPA commitment shares of Class A Common Stock (see Note 13) | — | — | 3,288 | — | — | — | 252 | — | — | 252 |
| Balance as of Foreign currency translation adjustment | — | — | — | — | — | — | — | 10,450 | — | 10,450 |
| Net loss | — | — | — | — | — | — | — | — | (602,239) | (602,239) |
| Balance as of December 31, 2022 | — | $— | 2,347,276 | $— | 266,670 | $— | $3,724,242 | $3,505 | $(3,526,755) | $200,992 |
Consolidated Statements of Stockholders’ Equity
(in thousands, except share data)
| Common Stock · Additional Paid-in Capital · Accumulated Other Comprehensive Gain (Loss) · Accumulated Deficit · Total Stockholders’ Equity | ||||||||
|---|---|---|---|---|---|---|---|---|
| Class A · Class B | ||||||||
| Shares · Amount · Shares · Amount | ||||||||
| Balance as of December 31, 2022 | 2,347,276 | $— | 266,670 | $— | $3,724,242 | $3,505 | $(3,526,755) | $200,992 |
| Conversion of notes payable and accrued interest into Class A Common Stock (Note 7) | 25,025,903 | 3 | — | — | 360,665 | — | — | 360,668 |
| Change in classification of warrants from Additional paid-in capital to liability pursuant to the Warrant Exchange (Note 7) | — | — | — | — | (6,811) | — | — | (6,811) |
| Reclassification of Feb. 28, 2023 earnout shares liability to equity due to authorized share increase (Note 10) | — | — | — | — | 5,014 | — | — | 5,014 |
| Reclassification of Feb. 28, 2023 stock-based awards liability to equity due to authorized share increase (Note 10) | — | — | — | — | 8,978 | — | — | 8,978 |
| Reclassification of earnout shares from equity to liability on April 21, 2023 due to insufficient authorized shares (Note 10) | — | — | — | — | (2,112) | — | — | (2,112) |
| Reclassification of stock-based awards from equity to liability on April 21, 2023 due to insufficient authorized shares (Note 10) | — | — | — | — | (2,979) | — | — | (2,979) |
| Reclassification of August 25, 2023 earnout shares liability to equity due to authorized share increase (Note 10) | — | — | — | — | 1,381 | — | — | 1,381 |
| Reclassification of August 25, 2023 stock-based awards liability to equity due to authorized share increase (Note 10) | — | — | — | — | 2,043 | — | — | 2,043 |
| Issuance of Common Stock | 14,752,057 | 1 | — | — | 34,491 | — | — | 34,492 |
| Reverse Stock split related round up share issuances | 81,560 | — | — | — | — | — | — | — |
| Stock-based compensation | — | — | — | — | 5,101 | — | — | 5,101 |
| Exercise of warrants | 213,037 | — | — | — | 51,276 | — | — | 51,276 |
| Exercise of stock options | 207 | — | — | — | 44 | — | — | 44 |
| Issuance of shares for RSU vesting net of tax withholdings | 14,016 | — | — | — | (464) | — | — | (464) |
| Cancellations | (1,031) | — | — | — | — | — | — | — |
| Foreign Currency translation adjustment | — | — | — | — | — | 2,357 | — | 2,357 |
| Net loss | — | — | — | — | — | — | (431,744) | (431,744) |
| Balance as of December 31, 2023 | 42,433,025 | $4 | 266,670 | $— | $4,180,869 | $5,862 | $(3,958,499) | $228,236 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.