Lightning eMotors, Inc. Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Statements of cash flows

In millions of USD, except per-share amounts

	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021	FY2020 11 months to Dec 31, 2020
Cash flows from operating activities
Net loss
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Interest earned on cash and marketable securities held in Trust Account
Interest receivable on cash and marketable securities held in Trust Account
Prepaid expenses
Other non-current assets
Depreciation and amortization
Provision for doubtful accounts
Inventory obsolescence and write-downs
Loss on disposal of fixed asset
Gain on extinguishment of debt
Change in fair value of warrant liability
Change in fair value of derivative liability
Change in fair value of earnout liability
Stock-based compensation
Amortization of debt discount
Non-cash impact of operating lease right-of-use asset
Issuance of common stock for commitment shares
Issuance of common stock warrants for services performed
Changes in operating assets and liabilities:
Accounts receivable
Inventories
Prepaid expenses and other assets
Accounts payable
Payable to related parties
Accrued liabilities
Other current liabilities
Accrued expenses and other liabilities
Net cash used in operating activities
Cash flows from investing activities
Investment of cash in Trust Account, net
Cash withdrawn from Trust Account
Purchase of property and equipment
Proceeds from disposal of property and equipment
Net cash used in investing activities
Cash flows from financing activities
Cash flows from financing activities
Proceeds from Business combination and PIPE Financing, net of issuance costs paid
Proceeds from sale of Units, net of underwriting discounts paid
Proceeds from sale of Private Placement Units
Underwriters
Founders
Borrowing from a related party
Repayment of borrowing from a related party
Proceeds from facility borrowings
Repayments of facility borrowings
Proceeds from the exercise of Series C redeemable convertible preferred warrants
Proceeds from exercise of common warrants
Payments on finance lease obligations
Proceeds from exercise of stock options
Tax withholding payment related to net settlement of equity awards
Net cash (used in) provided by financing activities
Net change in cash during period
Cash, beginning of period
Cash, end of period
Net (decrease) increase in cash
Cash - Beginning of year
Cash - End of year
Supplemental cash flow information
Cash paid for income taxes
Deferred underwriting fee payable upon business combination
Change in value of common stock subject to possible redemption
Offering costs included in accrued liabilities
Cash paid for interest
Significant noncash transactions
Earnout liability at inception
Warrant liability at inception
Derivative liability at inception
Conversion of short-term convertible notes for common stock
Conversion of convertible notes for common stock
Conversion of short-term convertible notes for common stock
Conversion of Short-term Convertible Notes
Conversion of Convertible Debt
Conversion of warrant liabilities for common stock
Property and equipment included in accounts payable and accruals
Finance lease right-of-use asset in exchange for a lease liability
Inventory repossessed for accounts receivable

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