FARADAY FUTURE INTELLIGENT ELECTRIC INC
For the period ended Sep 30, 2024. Filed Nov 8, 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 Nov 8, 2024
FFAI$0.28-8.9%Stored close · as of Nov 9, 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 | $7,269 | $1,898 |
| Restricted cash | 80 | 2,127 |
| Accounts receivable | — | 7 |
| Inventory, net | 27,280 | 34,229 |
| Deposits | 29,866 | 31,382 |
| Other current assets | 15,190 | 21,721 |
| Total current assets: | 79,685 | 91,364 |
| Property, plant and equipment, net | 360,063 | 417,812 |
| Operating lease right-of-use assets, net | 5,797 | 16,486 |
| Other non-current assets | 3,541 | 4,877 |
| Total assets: | $449,086 | $530,539 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $81,369 | $93,170 |
| Accrued expenses and other current liabilities | 59,391 | 62,391 |
| Warrant liabilities | 13,359 | 285 |
| Related party warrant liabilities | — | 21 |
| Accrued interest | 187 | 25 |
| Related party accrued interest | 20,131 | 753 |
| Operating lease liabilities, current portion | 2,645 | 3,621 |
| Notes payable | 56,086 | 91,150 |
| Related party notes payable | 14,714 | 9,760 |
| Total current liabilities: | 247,882 | 261,176 |
| Financial obligations on lease back transaction | 27,459 | 25,483 |
| Operating lease liabilities, less current portion | 11,760 | 14,306 |
| Notes payable, less current portion | 3,800 | — |
| Other liabilities | 1,429 | 1,338 |
| Total liabilities: | 292,330 | 302,303 |
| Commitments and contingencies (see Note 10) | ||
| Stockholders’ equity | ||
| Class A Common Stock, $0.0001 par value; 99,815,625 and 1,232,292 shares authorized; 30,713,729 and 1,060,826 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | 3 | — |
| Class B Common Stock, $0.0001 par value; 4,429,688 and 54,688 shares authorized; 6,667 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | — | — |
| Preferred Stock, $0.0001 par value, 10,000,000 shares authorized, zero shares issued and outstanding as of September 30, 2024 and December 31, 2023 | — | — |
| Additional paid-in capital | 4,345,624 | 4,180,873 |
| Accumulated other comprehensive income | 4,216 | 5,862 |
| Accumulated deficit | (4,193,087) | (3,958,499) |
| Total stockholders’ equity: | 156,756 | 228,236 |
| Total liabilities and stockholders’ equity: | $449,086 | $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.