Romeo Power, Inc. Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated statements of cash flows

In millions of USD, except per-share amounts

	FY2021 12 months to Dec 31, 2021	FY2020 12 months to Dec 31, 2020	FY2019 12 months to Dec 31, 2019	FY2018 2 months to Dec 31, 2018
Cash flows from operating activities:
Gain on marketable securities (net), and dividends held in Trust Account
Net income (loss)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization
Amortization of investment premium paid
Stock-based compensation
Inventory provision
Change in fair value of public and private placement warrants
Gain from extinguishment of PPP loans
Interest expense attributable to amortization of debt discount
Conversion of promissory notes and accrued interest to common stock
Allocation of debt proceeds to beneficial conversion feature
Allocation of debt proceeds to stock warrants
Exercise of warrants in exchange for note receivable
Investment in Joint Venture
Reverse recapitalization effect on additional paid-in capital
Transaction costs included in accounts payable and accrued expenses
Loss in equity method investments
Non-cash lease expense-operating leases
Non-cash lease expense - operating leases
Non-cash lease expense - finance leases
Loss on extinguishment of stockholder note receivable
Other
Changes in operating assets and liabilities:
Accounts receivable
Inventories
Prepaid expenses
Franchise tax payable
Income tax payable
Prepaid inventories
Prepaid and other current assets
Prepayment - long-term supply agreement
Accounts payable
Accrued expenses
Interest accrued on notes payable
Deferred costs
Contract liabilities
Operating lease liabilities
Other, net
Net cash used in operating activities
Cash flows from investing activities:
Purchase of marketable securities held in Trust Account
Proceeds received from sales, redemptions and maturities of marketable securities held in Trust Account
Purchase of investments
Proceeds from maturities of investments
Proceeds from sales of investments
Equity method investment
Other-net
Capital expenditures
Net cash used in investing activities
Cash flows from financing activities:
Proceeds received under loans from related parties
Repayment of amounts due to related parties
Issuance of convertible notes
Issuance of term notes
Proceeds from PPP loan
Proceeds from stockholder note receivable
Repayment of term and convertible notes
Issuance of line of credit
Repayment of line of credit
Redemption of common stock
Recapitalization transaction, net of transaction costs
Issuance of common stock, net of issuance costs
Anchor Investors
Total issuance of common stock, net of issuance costs
Proceeds received from initial public offering, gross
Proceeds received from private placement
Offering costs paid
Exercise of stock options
Exercise of stock warrants
Payment for financed capital expenditures
Settlement on restricted stock tax withholding
Warrant redemption payments
Principal portion of finance lease liabilities
Rescission of common stock
Net cash provided by financing activities
Net increase in cash
Net change in cash, cash equivalents and restricted cash
Cash and cash equivalents
Cash, cash equivalents and restricted cash, beginning of period
Cash, cash equivalents and restricted cash, end of period
Supplemental cash flow information:
Cash paid for interest
Cash paid for income taxes
Supplemental disclosure of non-cash investing and financing activities:
Operating lease right-of-use assets obtained in exchange of operating lease liabilities
Finance lease right-of-use assets obtained in exchange of finance lease liabilities
Purchases of property, plant and equipment in accounts payable and accrued expenses at the end of period
Issuance of common stock as contract consideration
Reconciliation of cash, cash equivalents and restricted cash to the consolidated balance sheets:
Cash and cash equivalents
Accrued offering costs
Deferred legal fees
Offering costs included in accrued expenses
Offering costs included in accounts payable
Offering costs included in loans from related parties
Prepaid and other expenses included in loans from related parties
Forfeiture of Class B common stock from Sponsor
Deferred underwriting commissions in connection with the initial public offering
Deferred legal fees in connection with the initial public offering
Reclassification of deferred offering costs to equity upon completion of the initial public offering
Restricted cash

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