T1 Energy Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
TE$2.07-9.6%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 Balance Sheets - December 31, 202 and
(In thousands, except per share data)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $72,641 | $253,339 |
| Restricted cash | 4,004 | 969 |
| Inventory | 274,549 | — |
| Advances to suppliers | 164,811 | — |
| Other current assets | 2,256 | — |
| Current assets of discontinued operations | 64,909 | 57,646 |
| Total current assets | 583,170 | 311,954 |
| Property and equipment, net | 285,187 | 1,747 |
| Goodwill | 74,527 | — |
| Intangible assets, net | 281,881 | — |
| Right-of-use asset under operating leases | 111,081 | — |
| Non-current assets of discontinued operations | — | 418,484 |
| Total assets | $1,335,846 | $732,185 |
| LIABILITIES, REDEEMABLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $61,708 | $7,923 |
| Accrued liabilities and other | 91,346 | 9,781 |
| Deferred revenue | 48,155 | — |
| Derivative liabilities | 14,905 | — |
| Current portion of long-term debt | 42,867 | — |
| Current portion of long-term debt - related party | 51,500 | — |
| Payables to related parties | 52,534 | — |
| Current liabilities of discontinued operations | 51,009 | 31,480 |
| Total current liabilities | 414,024 | 49,184 |
| Long-term deferred revenue | 32,000 | — |
| Convertible note - related party | 80,698 | — |
| Operating lease liability | 101,787 | — |
| Long-term debt | 188,316 | — |
| Long-term debt - related party | 238,896 | — |
| Deferred tax liability | 21,227 | 443 |
| Other long-term liabilities | 21,761 | 2,026 |
| Non-current liabilities of discontinued operations | — | 45,816 |
| Total liabilities | 1,098,709 | 97,469 |
| Commitments and contingencies | ||
| Redeemable preferred stock | ||
| Convertible series A preferred stock, $0.01 par value, 5,000 issued and outstanding as of December 31, 2024 (includes accrued dividends and accretion of $87) and none issued and outstanding as of December 31, 2023 | 48,375 | — |
| Stockholders' equity | ||
| Common stock, $0.01 par value, 155,928 issued and outstanding as of December 31, 2024 and 139,705 issued and outstanding as of December 31, 2023 | 1,559 | 1,397 |
| Additional paid-in capital | 971,416 | 925,623 |
| Accumulated other comprehensive loss | (58,975) | (18,826) |
| Accumulated deficit | (725,238) | (274,999) |
| Total stockholders' equity | 188,762 | 633,195 |
| Non-controlling interests | — | 1,521 |
| Total equity | 188,762 | 634,716 |
| Total liabilities, redeemable preferred stock, and equity | $1,335,846 | $732,185 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.