LiveWire Group Inc
For the period ended Sep 30, 2024. Filed Nov 6, 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 6, 2024
LVWR$0.47-3.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
(In thousands)
| Nine months ended | ||
|---|---|---|
| September 30,2024 | September 30,2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(71,143) | $(76,457) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Depreciation and amortization | 7,737 | 2,814 |
| Change in fair value of warrant liabilities | (9,131) | 2,332 |
| Stock compensation expense | 3,883 | 6,566 |
| Provision for doubtful accounts | 25 | 45 |
| Deferred income taxes | 17 | 63 |
| Inventory write-down | 4,294 | 1,664 |
| Cloud computing arrangements development costs | — | (470) |
| Other, net | (477) | (677) |
| Changes in current assets and liabilities: | ||
| Accounts receivable, net | 2,600 | (2,313) |
| Accounts receivable from related party | 2,861 | (128) |
| Inventories | (5,530) | (5,238) |
| Other current assets | (113) | 2,679 |
| Accounts payable and accrued liabilities | (1,143) | (2,149) |
| Accounts payable to related party | (5,870) | 15,393 |
| Net cash used by operating activities | (71,990) | (55,876) |
| Cash flows from investing activities: | ||
| Capital expenditures | (6,661) | (10,970) |
| Net cash used by investing activities | (6,661) | (10,970) |
| Cash flows from financing activities: | ||
| Proceeds received from exercise of warrants (Note 7) | — | 1,554 |
| Repurchase of common stock | (927) | — |
| Net cash provided (used) by financing activities | (927) | 1,554 |
| Effect of exchange rate changes on cash and cash equivalents | 116 | — |
| Net decrease in cash and cash equivalents | $(79,462) | $(65,292) |
| Cash and cash equivalents: | ||
| Cash and cash equivalents—beginning of period | $167,904 | $265,240 |
| Net decrease in cash and cash equivalents | (79,462) | (65,292) |
| Cash and cash equivalents—end of period | $88,442 | $199,948 |
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