Intuitive Machines Inc
For the period ended Sep 30, 2024. Filed Nov 15, 2024.
View on SEC.govAbout this filing
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 15, 2024
LUNR$11.81-1.9%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
Unaudited Condensed Consolidated Statements of Shareholders’ Deficit
Condensed Consolidated Statements of Shareholders’ Deficit
(In thousands except per share data)
| Three Months Ended September 30, 2024 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Common StockClass A · Common StockClass C · Treasury Stock · Paid-in Capital · Accumulated Deficit · Shareholders’ Deficit attributable to the Company · NCI · Total Shareholders’ Deficit | ||||||||||||
| Shares · Amount · Shares · Amount | ||||||||||||
| Balance, June 30, 2024 | 62,469,364 | $6 | 66,109,012 | $7 | $(12,825) | $— | $(217,057) | $(229,869) | $788 | $(229,081) | ||
| Share-based compensation expense | — | — | — | — | — | 1,285 | — | 1,285 | — | 1,285 | ||
| Cumulative preferred dividends | — | — | — | — | — | (143) | — | (143) | — | (143) | ||
| Accretion of preferred stock discount | — | — | — | — | — | (2) | — | (2) | — | (2) | ||
| Class A common stock issued for stock options exercised | 57,449 | — | — | — | — | (132) | — | (132) | — | (132) | ||
| Class A common stock issued for vested RSUs and PSUs | 21,940 | — | — | — | — | (35) | — | (35) | — | (35) | ||
| Class A common stock issued for Class C canceled | 5,863,874 | 1 | (5,863,874) | (1) | — | — | — | — | — | — | ||
| Distribution to noncontrolling interests | — | — | — | — | — | — | — | — | — | — | ||
| Issuance of Class A Common Stock related to the ATM Program (Note 7) | 12,939,029 | 1 | — | — | — | 80,451 | — | 80,452 | — | 80,452 | ||
| Tax receivable agreement - obligation to partners | — | — | — | — | — | (473) | — | (473) | — | (473) | ||
| Subsequent remeasurement of redeemable noncontrolling interests | — | — | — | — | — | (80,951) | (211,541) | (292,492) | — | (292,492) | ||
| Net income attributable to noncontrolling interest | — | — | — | — | — | — | — | — | 668 | 668 | ||
| Net income attributable to the Company | — | — | — | — | — | — | (55,400) | (55,400) | — | (55,400) | ||
| Balance, September 30, 2024 | 81,351,656 | $8 | 60,245,138 | $6 | $(12,825) | $— | $(483,998) | $(496,809) | $1,456 | $(495,353) | ||
| Nine Months Ended September 30, 2024 | ||||||||||||
| Common StockClass A · Common StockClass C · Treasury Stock · Paid-in Capital · Accumulated Deficit · Shareholders’ Deficit attributable to the Company · NCI · Total Shareholders’ Deficit | ||||||||||||
| Shares · Amount · Shares · Amount | ||||||||||||
| Balance, December 31, 2023 | 22,279,876 | $2 | 70,909,012 | $7 | $(12,825) | $— | $(248,619) | $(261,435) | $— | $(261,435) | ||
| Share-based compensation expense | — | — | — | — | — | 7,180 | — | 7,180 | — | 7,180 | ||
| Cumulative preferred dividends | — | — | — | — | — | (751) | — | (751) | — | (751) | ||
| Accretion of preferred stock discount | — | — | — | — | — | (11) | — | (11) | — | (11) | ||
| Conversion of Series A preferred stock (Note 7) | 7,738,743 | 1 | — | — | — | 23,119 | — | 23,120 | — | 23,120 | ||
| Class A common stock issued for warrants exercised | 19,123,633 | 2 | — | — | — | 127,579 | — | 127,581 | — | 127,581 | ||
| Class A common stock issued related to loan conversion (Notes 5 and 7) | 3,487,278 | — | — | — | — | — | — | — | — | — | ||
| Class A common stock issued for stock options exercised | 227,820 | — | — | — | — | 163 | — | 163 | — | 163 | ||
| Class A common stock issued for vested RSUs and PSUs | 1,308,820 | — | — | — | — | (2,153) | — | (2,153) | — | (2,153) | ||
| Class A common stock issued for Class C canceled | 10,663,874 | 1 | (10,663,874) | (1) | — | — | — | — | — | — | ||
| Distribution to noncontrolling interests | — | — | — | — | — | — | — | — | (973) | (973) | ||
| Issuance of Class A Common Stock related to the ATM Program (Note 7) | 16,521,612 | 2 | — | — | — | 97,495 | 97,497 | 97,497 | ||||
| Tax receivable agreement - obligation to partners | — | — | — | — | — | (473) | — | (473) | — | (473) | ||
| Subsequent remeasurement of redeemable noncontrolling interests | — | — | — | — | — | (252,148) | (101,164) | (353,312) | — | (353,312) | ||
| Net income attributable to noncontrolling interest | — | — | — | — | — | — | — | — | 2,429 | 2,429 | ||
| Net loss attributable to the Company | — | — | — | — | — | — | (134,215) | (134,215) | — | (134,215) | ||
| Balance, September 30, 2024 | 81,351,656 | $8 | 60,245,138 | $6 | $(12,825) | $— | $(483,998) | $(496,809) | $1,456 | $(495,353) | ||
| Three Months Ended September 30, 2023 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Members Units · Common StockClass A · Common StockClass B · Common StockClass C · Treasury Stock · Paid-in Capital · Accumulated Deficit · Total Shareholders’ Deficit | ||||||||||||
| Units · Amount · Shares · Amount · Shares · Amount · Shares · Amount | ||||||||||||
| Balance, June 30, 2023 | — | $— | 17,301,489 | $2 | 10,566 | $— | 70,640,188 | $7 | $(12,825) | $— | $(661,205) | $(674,021) |
| Share-based compensation expense | — | — | — | — | — | — | — | — | — | 1,556 | — | 1,556 |
| Member distributions | — | — | 64,328 | — | — | — | 268,824 | — | — | 3,168 | (6,857) | (3,689) |
| Cumulative preferred dividends | — | — | — | — | — | — | — | — | — | (674) | — | (674) |
| Accretion of preferred stock discount | — | — | — | — | — | — | — | — | — | (9) | — | (9) |
| Class A common stock issued related to Private Placement (Note 7) | — | — | 4,705,883 | — | — | — | — | — | — | — | — | — |
| Class A common stock issued for stock options exercised | — | — | 155,722 | — | — | — | — | — | — | (314) | — | (314) |
| Class A common stock issued for Class B canceled | — | — | 10,566 | — | (10,566) | — | — | — | — | — | — | — |
| Partner capital | — | — | — | — | — | — | — | — | — | 196 | — | 196 |
| Subsequent remeasurement of redeemable noncontrolling interests | — | — | — | — | — | — | — | — | — | (3,923) | 304,828 | 300,905 |
| Other | — | — | — | — | — | — | — | — | — | — | (1) | (1) |
| Net income attributable to the Company | — | — | — | — | — | — | — | — | — | — | 33,303 | 33,303 |
| Balance, September 30, 2023 | — | $— | 22,237,988 | $2 | — | $— | 70,909,012 | $7 | $(12,825) | $— | $(329,932) | $(342,748) |
| Nine Months Ended September 30, 2023 | ||||||||||||
| Members Units · Common StockClass A · Common StockClass B · Common StockClass C · Treasury Stock · Paid-in Capital · Accumulated Deficit · Total Shareholders’ Deficit | ||||||||||||
| Units · Amount · Shares · Amount · Shares · Amount · Shares · Amount | ||||||||||||
| Balance, December 31, 2022 | 122,505,500 | $1 | — | $— | — | $— | — | $— | $— | $14,967 | $(65,859) | $(50,891) |
| Issuance of units | 21,500 | — | — | — | — | — | — | — | — | 22 | — | 22 |
| Share-based compensation expense | — | — | — | — | — | — | — | — | — | 101 | — | 101 |
| Net loss | — | — | — | — | — | — | — | — | — | — | (6,480) | (6,480) |
| Effects of Business Combination | ||||||||||||
| Recapitalization | (122,527,000) | (1) | 13,736,932 | 2 | 10,566 | — | 68,140,188 | 6 | — | 47,438 | — | 47,445 |
| Conversion of SAFE Agreements | — | — | 2,066,666 | — | — | — | — | — | — | 20,667 | — | 20,667 |
| Issuance of warrants to preferred shareholders | — | — | — | — | — | — | — | — | — | 173 | — | 173 |
| Transaction costs | — | — | — | — | — | — | — | — | — | (24,445) | — | (24,445) |
| Establishment of the earn-out liabilities | — | — | — | — | — | — | — | — | — | (99,659) | — | (99,659) |
| Establishment of redeemable noncontrolling interest | — | — | — | — | — | — | — | — | — | 85,865 | — | 85,865 |
| Activities subsequent to the Business Combination | ||||||||||||
| Share-based compensation expense | — | — | — | — | — | — | — | — | — | 2,647 | — | 2,647 |
| Member distributions | — | — | 64,328 | — | — | — | 268,824 | — | — | 3,168 | (11,120) | (7,952) |
| Cumulative preferred dividends | — | — | — | — | — | — | — | — | — | (1,657) | — | (1,657) |
| Accretion of preferred stock discount | — | — | — | — | — | — | — | — | — | (22) | — | (22) |
| Repurchase of common stock | — | — | — | — | — | — | — | — | (12,825) | — | — | (12,825) |
| Class A common stock issued for warrants exercised | — | — | 1,402,106 | — | — | — | — | — | — | 16,124 | — | 16,124 |
| Class A common stock issued related to Private Placement (Note 7) | — | — | 4,705,883 | — | — | — | — | — | — | — | — | — |
| Class A common stock issued for stock options exercised | — | — | 155,722 | — | — | — | — | — | — | (314) | — | (314) |
| Class A common stock issued for Class B canceled | — | — | 10,566 | — | (10,566) | — | — | — | — | — | — | — |
| Partner capital | — | — | — | — | — | — | — | — | — | 196 | — | 196 |
| Recapitalization adjustment | — | — | — | — | — | — | — | — | — | (1,000) | — | (1,000) |
| Issuance of Class A Common Stock related to Equity Facility | — | — | 95,785 | — | — | — | — | — | — | 834 | — | 834 |
| Issuance of Class C common stock related to earn-out awards | — | — | — | — | — | — | 2,500,000 | 1 | — | 19,375 | — | 19,376 |
| Other | — | — | — | — | — | — | — | — | — | — | 1 | 1 |
| Subsequent remeasurement of redeemable noncontrolling interests | — | — | — | — | — | — | — | — | — | (84,480) | (299,809) | (384,289) |
| Net income attributable to the Company | — | — | — | — | — | — | — | — | — | — | 53,335 | 53,335 |
| Balance, September 30, 2023 | — | $— | 22,237,988 | $2 | — | $— | 70,909,012 | $7 | $(12,825) | $— | $(329,932) | $(342,748) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.