Joby Aviation Inc
For the period ended Mar 31, 2024. Filed May 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.
Mar 31, 2024 · Filed May 8, 2024
JOBY$5.92-4.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net loss | $(94,587) | $(113,393) |
| Reconciliation of net loss to net cash used in operating activities: | ||
| Depreciation and amortization expense | 8,507 | 7,067 |
| Stock-based compensation expense | 27,017 | 17,258 |
| (Gain)/Loss from change in the fair value of warrants and earnout shares | (39,027) | 22,070 |
| Net accretion of investments in marketable debt securities | (5,492) | (3,670) |
| Changes in operating assets and liabilities | ||
| Other receivables and prepaid expenses and other current assets | (4,230) | (8,517) |
| Other non-current assets | (234) | 2,629 |
| Accounts payable and accrued and other current liabilities | 1,243 | (1,083) |
| Non-current liabilities | 168 | (929) |
| Net cash used in operating activities | (106,635) | (78,568) |
| Cash flows from investing activities | ||
| Purchases of marketable securities | (160,033) | (126,445) |
| Proceeds from sales and maturities of marketable securities | 179,546 | 116,072 |
| Purchases of property and equipment | (6,885) | (8,756) |
| Net cash provided by (used in) investing activities | 12,628 | (19,129) |
| Cash flows from financing activities | ||
| Proceeds from issuance of common stock in private placement, net | — | 50 |
| Proceeds from the exercise of stock options and warrants issuance | 1,010 | 612 |
| Repayments of tenant improvement loan and obligations under finance lease | (472) | (240) |
| Net cash provided by financing activities | 538 | 422 |
| Net change in cash, cash equivalents and restricted cash | (93,469) | (97,275) |
| Cash, cash equivalents and restricted cash, at the beginning of the period | 204,779 | 150,067 |
| Cash, cash equivalents and restricted cash, at the end of the period | $111,310 | $52,792 |
| Reconciliation of cash, cash equivalents and restricted cash to balance sheets | ||
| Cash and cash equivalents | $110,548 | $49,795 |
| Restricted cash | 762 | 2,997 |
| Cash, cash equivalents and restricted cash | $111,310 | $52,792 |
| Non-cash investing and financing activities | ||
| Unpaid property and equipment purchases | $1,865 | $1,357 |
| Property and equipment purchased through finance leases | $849 | $— |
| Right of use assets acquired through operating leases | $1,399 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.