FARADAY FUTURE INTELLIGENT ELECTRIC INC
For the period ended Mar 31, 2024. Filed Jul 30, 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.
Mar 31, 2024 · Filed Jul 30, 2024
FFAI$0.30-7.2%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(in thousands, except share and per share data)
| (Unaudited) | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash | $407 | $1,898 |
| Restricted cash | 898 | 2,127 |
| Accounts receivable | 7 | 7 |
| Inventory | 29,425 | 34,229 |
| Deposits | 27,124 | 31,382 |
| Other current assets | 24,875 | 21,721 |
| Total current assets: | 82,736 | 91,364 |
| Property, plant and equipment, net | 397,432 | 417,812 |
| Operating lease right-of-use assets | 15,766 | 16,486 |
| Other non-current assets | 4,007 | 4,877 |
| Total assets: | $499,941 | $530,539 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $96,625 | $93,170 |
| Accrued expenses and other current liabilities | 61,065 | 62,391 |
| Related party accrued interest | 17,439 | 753 |
| Warrant liabilities | 100 | 285 |
| Accrued interest | 25 | 25 |
| Related party warrant liabilities | 3 | 21 |
| Operating lease liabilities, current portion | 3,135 | 3,621 |
| Related party notes payable | 14,829 | 9,760 |
| Notes payable | 63,769 | 91,150 |
| Total current liabilities: | 256,990 | 261,176 |
| Financial obligations on sale and lease back transaction | 26,234 | 25,483 |
| Operating lease liabilities, less current portion | 13,860 | 14,306 |
| Other liabilities | 1,338 | 1,338 |
| Total liabilities: | 298,422 | 302,303 |
| Commitments and contingencies (Note 9) | ||
| Stockholders’ equity | ||
| Class A Common Stock, $0.0001 par value; 443,625,000 and 49,291,667 shares authorized; 159,390,384 and 42,433,025 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively | 16 | 4 |
| Class B Common Stock, $0.0001 par value; 19,687,500 and 2,187,500 shares authorized; 266,670 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively | — | — |
| Preferred Stock, $0.0001 par value, 10,000,000 shares authorized, zero share issued and outstanding as of March 31, 2024 and December 31, 2023 | — | — |
| Additional paid-in capital | 4,202,125 | 4,180,869 |
| Accumulated other comprehensive income | 6,094 | 5,862 |
| Accumulated deficit | (4,006,716) | (3,958,499) |
| Total stockholders’ equity: | 201,519 | 228,236 |
| Total liabilities and stockholders’ equity: | $499,941 | $530,539 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.