Volta 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

	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021	FY2020 5 months to Dec 31, 2020
Cash flows from operating activities
Net loss
Adjustments to reconcile net loss to net cash used in operating activities:
General and administrative expenses paid by Sponsor in exchange for issuance of Class B ordinary shares
General and administrative expenses paid by Sponsor under note payable
Reduction in the carrying amount of ROU assets
Depreciation and amortization
Stock-based compensation
Compensation expense related to secondary sale
Amortization of debt issuance costs
Non-cash interest expense
Accretion expense
Expenses related to invoices in dispute
Loss on disposal of research and development equipment
Other
Revaluation of warrant liability to estimated fair value
Loss on disposal of property and equipment and inventory
Changes in operating assets and liabilities:
Prepaid expenses
Accrued expenses
Accounts receivable
Inventory
Prepaid expenses and other current assets
Prepaid partnership costs
Operating lease right-of-use asset
Other non-current assets
Accounts payable
Due to related party
Accrued expenses and other current liabilities
Accrued interest
Deferred revenue
Lease incentive liability
Operating lease liability
Other noncurrent liabilities
Net cash used in operating activities
Cash flows from investing activities
Cash deposited in Trust Account
Purchase of property and equipment
Capitalization of internal-use software
Lease incentives received
Cash paid for acquisition of 2Predict
Acquisition of OpConnect patent
Net cash used in investing activities
Cash flows from financing activities
Due from employees for taxes paid on partial recourse notes
Proceeds received from initial public offering, gross
Offering costs paid
Proceeds from issuance of Series D Preferred Stock
Payments of long term debt
Payment of short-term debt
Payment of long-term debt
EIP Loan reimbursement
Payment of PPP Loan
Proceeds from exercise of stock options
Payment of debt issuance costs
Proceeds from financing activity
Payment of issuance costs related to Series D and D-1 Preferred Stock
Proceeds from issuance of common stock upon equity offering, net of fees
Payment of financing activity principal
Proceeds from Reverse Recapitalization and PIPE Financing
Proceeds from exercise of common stock warrants - related party
Taxes paid related to net share settlement of equity awards
Proceeds from refunds of transaction costs related to Reverse Recapitalization
Payment of transaction costs related to Reverse Recapitalization
Net cash (used in) provided by financing activities
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
Net increase in cash and cash equivalents
Cash and cash equivalents, beginning of period
Cash and cash equivalents, end of period
Supplemental disclosures of cash flow information
Offering costs included in accrued expenses
Offering costs included in note payable
Deferred underwriting commissions
Deferred legal fees
Initial value of Class A ordinary shares subject to possible redemption
Change in value of Class A ordinary shares subject to possible redemption
Cash paid for interest
Cash paid for taxes
Non-cash investing and financing activities
Purchases of property and equipment not yet settled
Conversion of redeemable convertible Preferred Stock into common stock in connection with the Reverse Recapitalization
Initial recognition of operating lease right-of-use asset
Initial recognition of operating lease liability
Change in warrant classification from liability to equity
ROU assets obtained in exchange for operating lease liabilities
Class B common stock warrants issued in satisfaction of services rendered
Forfeiture of shares to settle promissory notes collateralized to common stock
Cashless exercise of Legacy Volta Preferred Stock Warrants
Issuance of Series D-1 Preferred Stock in satisfaction of debt and other liabilities
Secondary sales of common stock pledged against partial recourse notes - related party
Common stock issued for acquisition of 2Predict
Issuance of common stock for patent acquisition
Stock-based compensation capitalized to internal-use software

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