Blade Air Mobility Inc
For the period ended Dec 31, 2023. Filed Mar 12, 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 Mar 12, 2024
SRTA$6.02-0.5%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 Statements of Cash Flows F-
(in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash Flows From Operating Activities: | ||
| Net loss | $(56,076) | $(27,260) |
| Adjustments to reconcile net loss to net cash and restricted cash used in operating activities: | ||
| Depreciation and amortization | 7,111 | 5,725 |
| Stock-based compensation | 12,501 | 8,277 |
| Change in fair value of warrant liabilities | (2,125) | (24,225) |
| Impairment of intangible assets | 20,753 | — |
| Realized (gain) loss from sales of short-term investments | (8) | 2,162 |
| Realized foreign exchange loss | 6 | 6 |
| Accretion of interest income on held-to-maturity securities | (6,519) | (1,094) |
| Deferred tax benefit | (1,466) | (772) |
| Loss on disposal of property and equipment | 48 | 68 |
| Bad debt expense | 163 | — |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | (6,032) | (5,255) |
| Accounts receivable | (10,254) | (5,347) |
| Other non-current assets | 4 | (663) |
| Operating right-of-use assets/lease liabilities | 379 | 611 |
| Accounts payable and accrued expenses | 9,049 | 9,900 |
| Deferred revenue | 117 | 737 |
| Net cash used in operating activities | (32,349) | (37,130) |
| Cash Flows From Investing Activities: | ||
| Acquisitions, net of cash acquired | — | (48,101) |
| Investment in joint venture | (39) | (190) |
| Purchase of property and equipment | (2,109) | (730) |
| Proceeds from disposal of property and equipment | 138 | — |
| Purchase of short-term investments | (135) | (729) |
| Proceeds from sales of short-term investments | 20,532 | 258,377 |
| Purchase of held-to-maturity investments | (265,835) | (227,287) |
| Proceeds from maturities of held-to-maturity investments | 264,537 | 98,000 |
| Net cash provided by investing activities | 17,089 | 79,340 |
| Cash Flows From Financing Activities: | ||
| Proceeds from the exercise of common stock options | 70 | 87 |
| Taxes paid related to net share settlement of equity awards | (146) | (1,171) |
| Net cash used in financing activities | (76) | (1,084) |
| Effect of foreign exchange rate changes on cash balances | (66) | 72 |
| Net (decrease) increase in cash and cash equivalents and restricted cash | (15,402) | 41,198 |
| Cash and cash equivalents and restricted cash - beginning | 44,423 | 3,225 |
| Cash and cash equivalents and restricted cash - ending | $29,021 | $44,423 |
| Reconciliation to consolidated balance sheets | ||
| Cash and cash equivalents (1) | $27,873 | $41,338 |
| Restricted cash (1) | 1,148 | 3,085 |
| Total | $29,021 | $44,423 |
| Supplemental cash flow information | ||
| Cash paid for: | ||
| Income taxes | 16 | — |
| Non-cash investing and financing activities: | ||
| New leases under ASC 842 entered into during the period | 9,760 | 6,364 |
| Common stock issued for settlement of earn-out | 1,785 | — |
(1)Prior year amounts have been updated to conform to current period presentation.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.