$EVGO
EVgo Inc.

2021 Q3 Form 10-Q Financial Statement

#000155837021015743 Filed on November 12, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q4 2020 Q3
Revenue $6.181M $3.572M
YoY Change 73.04%
Cost Of Revenue $7.834M $6.119M
YoY Change 28.03%
Gross Profit -$1.653M -$2.547M
YoY Change -35.1%
Gross Profit Margin -26.74% -71.3%
Selling, General & Admin $20.88M
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.62M
YoY Change
% of Gross Profit
Operating Expenses $24.28M $1.010M $10.47M
YoY Change 131.86%
Operating Profit -$25.93M -$13.02M
YoY Change 99.19%
Interest Expense -$121.0K -$13.29M
YoY Change
% of Operating Profit
Other Income/Expense, Net $49.52M $5.541M
YoY Change 793.7%
Pretax Income $23.59M -$14.30M -$1.400K
YoY Change -1685171.43%
Income Tax
% Of Pretax Income
Net Earnings $6.130M -$14.30M -$7.476M
YoY Change -182.0%
Net Earnings / Revenue 99.17% -209.29%
Basic Earnings Per Share $0.09
Diluted Earnings Per Share $0.09 -$517.2K -$48.70
COMMON SHARES
Basic Shares Outstanding 68.74M
Diluted Shares Outstanding 68.02M

Balance Sheet

Concept 2021 Q3 2020 Q4 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $520.4M $990.0K $209.8K
YoY Change 247983.91%
Cash & Equivalents $521.1M $7.914M $0.00
Short-Term Investments
Other Short-Term Assets $9.218M $2.037M
YoY Change
Inventory
Prepaid Expenses $4.598M
Receivables $5.981M $2.164M
Other Receivables $147.0K $1.691M
Total Short-Term Assets $541.5M $19.97M $209.8K
YoY Change 258076.88%
LONG-TERM ASSETS
Property, Plant & Equipment $110.0M $71.27M
YoY Change
Goodwill $31.05M $22.11M
YoY Change
Intangibles $75.01M $67.96M
YoY Change
Long-Term Investments $230.0M
YoY Change
Other Assets $1.702M $836.0K $505.5K
YoY Change 236.67%
Total Long-Term Assets $218.1M $162.2M $505.5K
YoY Change 43037.55%
TOTAL ASSETS
Total Short-Term Assets $541.5M $19.97M $209.8K
Total Long-Term Assets $218.1M $162.2M $505.5K
Total Assets $759.6M $182.1M $715.3K
YoY Change 106095.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.013M $2.998M
YoY Change
Accrued Expenses $15.76M $10.95M $1.000K
YoY Change 1575600.0%
Deferred Revenue $3.950M $1.653M
YoY Change
Short-Term Debt $0.00 $252.3K
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $40.52M $63.58M $691.7K
YoY Change 5757.54%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $90.30M $151.0K
YoY Change
Total Long-Term Liabilities $90.30M $151.0K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $40.52M $63.58M $691.7K
Total Long-Term Liabilities $90.30M $151.0K $0.00
Total Liabilities $130.8M $92.65M $691.7K
YoY Change 18812.51%
SHAREHOLDERS EQUITY
Retained Earnings -$967.0M -$47.79M -$1.401K
YoY Change 69022812.21%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$967.0M $89.49M $104.8M
YoY Change
Total Liabilities & Shareholders Equity $759.6M $182.1M $715.3K
YoY Change 106095.72%

Cashflow Statement

Concept 2021 Q3 2020 Q4 2020 Q3
OPERATING ACTIVITIES
Net Income $6.130M -$14.30M -$7.476M
YoY Change -182.0%
Depreciation, Depletion And Amortization $16.62M
YoY Change
Cash From Operating Activities -$16.72M -$550.0K $1.00
YoY Change -1672152100.0%
INVESTING ACTIVITIES
Capital Expenditures -$39.68M
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$22.76M -$230.0M
YoY Change
Cash From Investing Activities -$62.44M -$230.0M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $25.00K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 329.1M 231.3M 209.7K
YoY Change 156807.49%
NET CHANGE
Cash From Operating Activities -16.72M -550.0K 1.000
Cash From Investing Activities -62.44M -230.0M
Cash From Financing Activities 329.1M 231.3M 209.7K
Net Change In Cash 249.9M 780.3K 209.7K
YoY Change 119064.47%
FREE CASH FLOW
Cash From Operating Activities -$16.72M -$550.0K $1.00
Capital Expenditures -$39.68M
Free Cash Flow $22.96M
YoY Change

Facts In Submission

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CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
6130000
CY2021Q3 evgo Noncontrolling Interest Fair Value Adjustment
NoncontrollingInterestFairValueAdjustment
-1141037000
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
-966984000
CY2021Q3 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
17500000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
14393000
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
13000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-421000
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
13985000
CY2020Q1 evgo Equity New Basis On Push Down Of Acquisition
EquityNewBasisOnPushDownOfAcquisition
117047000
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
131032000
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
209000
evgo Increase Decrease In Customer Deposits Liability
IncreaseDecreaseInCustomerDepositsLiability
-207000
CY2020Q1 evgo Increase Decrease In Customer Deposits Liability
IncreaseDecreaseInCustomerDepositsLiability
13000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1042000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
142000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-17797000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-19918000
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-344000
CY2020Q1 evgo Noncontrolling Interest Increase From Contributions
NoncontrollingInterestIncreaseFromContributions
5316000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-14389000
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
122168000
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
243000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-10406000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
112005000
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
243000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-7476000
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
104772000
us-gaap Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
Successor
CY2020Q1 us-gaap Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
Predecessor
us-gaap Profit Loss
ProfitLoss
-11441000
us-gaap Profit Loss
ProfitLoss
-32271000
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-421000
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
16620000
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
13666000
CY2020Q1 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
368000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-639000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-442000
us-gaap Share Based Compensation
ShareBasedCompensation
5293000
us-gaap Share Based Compensation
ShareBasedCompensation
695000
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
13000
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
3978000
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
1926000
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
812000
evgo Fair Value Adjustment Of Earnout Liability
FairValueAdjustmentOfEarnoutLiability
-3695000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-45946000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-454000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3505000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-95000
CY2020Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-33000
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
71000
CY2020Q1 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
333000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5188000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-288000
CY2020Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
46000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-204000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-413000
CY2020Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
315000
evgo Increase Decrease In Payables To Related Parties
IncreaseDecreaseInPayablesToRelatedParties
458000
evgo Increase Decrease In Payables To Related Parties
IncreaseDecreaseInPayablesToRelatedParties
112000
CY2020Q1 evgo Increase Decrease In Payables To Related Parties
IncreaseDecreaseInPayablesToRelatedParties
-1000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
2321000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1083000
CY2020Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-248000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
20943000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-384000
CY2020Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-37000
evgo Increase Decrease In Customer Deposits Liability
IncreaseDecreaseInCustomerDepositsLiability
4641000
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
5316000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
593452000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
37401000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
513214000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
5714000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-510000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
39679000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11769000
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
166000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7914000
CY2020Q1 evgo Cash Cash Equivalent Restricted Cash And Restricted Cash Equivalents Successor Related
CashCashEquivalentRestrictedCashAndRestrictedCashEquivalentsSuccessorRelated
257000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1403000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
521128000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-62441000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11769000
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-166000
evgo Proceeds From Business Combination
ProceedsFromBusinessCombination
601579000
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
24000000
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
27750000
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
5500000
evgo Proceeds From Capital Build Funding
ProceedsFromCapitalBuildFunding
1516000
evgo Proceeds From Capital Build Funding
ProceedsFromCapitalBuildFunding
4335000
evgo Payment Of Transaction Costs
PaymentOfTransactionCosts
28143000
CY2020Q3 evgo Cash Cash Equivalent Restricted Cash And Restricted Cash Equivalents Successor Related
CashCashEquivalentRestrictedCashAndRestrictedCashEquivalentsSuccessorRelated
5971000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
893000
us-gaap Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
Successor
CY2020Q1 us-gaap Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
Predecessor
evgo Accrued Transaction Costs
AccruedTransactionCosts
300000
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
1671000
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
900000
evgo Non Cash Increase In Accounts Receivable Capital Build And Capital Build Liability
NonCashIncreaseInAccountsReceivableCapitalBuildAndCapitalBuildLiability
4228000
evgo Non Cash Increase In Accounts Receivable Capital Build And Capital Build Liability
NonCashIncreaseInAccountsReceivableCapitalBuildAndCapitalBuildLiability
7529000
evgo Reclassification Of Contingent Earnout Liability To Equity
ReclassificationOfContingentEarnoutLiabilityToEquity
10853000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
10848000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2366000
CY2020Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1759000
evgo Contingent Earnout Liability Recognized Closing Of Business Combination
ContingentEarnoutLiabilityRecognizedClosingOfBusinessCombination
18278000
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
59590000
evgo Reclassification Of Noncontrolling Interest
ReclassificationOfNoncontrollingInterest
436739000
evgo Fair Value Adjustment To Noncontrolling Interest
FairValueAdjustmentToNoncontrollingInterest
1141037000
us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Note 1 – Description of business and nature of operations</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">EVgo Services LLC (“EVgo Services,” “Predecessor”) builds publicly available and customer-dedicated electric vehicle (“EV”) charging stations capable of charging electric vehicles either via direct current power or alternating current power. It has built, and continues to expand, a national ecosystem of public charging stations and fleet charging solutions. EVgo Services provides electric vehicle charging programs to retail consumers in a variety of options as well as charging services to automotive and fleet customers. Other software services and ancillary services represent a small but growing part of the business as well.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">On January 16, 2020 (the “Holdco Merger Date”), EVgo Services and its investors consummated the transactions contemplated pursuant to that certain Agreement and Plan of Merger (“Merger”) with EVgo Holdco, LLC (“EVgo Holdco”), whereby EVgo Services became a wholly-owned subsidiary of EVgo Holdco, resulting in a change in control by the Predecessor. EVgo Holdco, controlled by LS Power Equity Partners IV, L.P. (“LS Power”), had no operations prior to the Merger. The Company elected push-down accounting and all of the Company’s assets and liabilities related to LS Power were remeasured at fair value on the Holdco Merger Date. LS Power was considered to be the accounting acquirer and formed EVgo Holdings, LLC (“EVgo Holdings”) and EVgo Holdco as part of the transaction.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-bottom:12pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="white-space:pre-wrap;"> </span>EVgo Inc. (the “Company”, “Successor,” “EVgo”) was incorporated in Delaware on August 4, 2020 under the name “Climate Change Crisis Real Impact I Acquisition Corporation” (“CRIS”). The Company was formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (the “Initial Business Combination”). The registration statement for the Company’s Initial Public Offering was declared effective on September 29, 2020 and the Company signed an agreement with a syndicate of underwriters to issue 23,000,000 units (the “Units” and, with respect to the shares of Class A Common Stock included in the Units sold, the “Public Shares”), which includes the full exercise by the underwriters of their over-allotment option in the amount of 3,000,000 Units, at $10.00 per Unit, generating gross proceeds of $230,000,000 which is described in Note 3. On October 2, 2020 the Company completed the Initial Public Offering. Simultaneously with the closing of the Initial Public Offering, the Company completed the sale of 6,600,000 warrants (the “Private Placement Warrants”) at $1.00 per Private Placement Warrant in a private placement to Climate Change Crisis Real Impact I Acquisition Holdings, LLC (the “Sponsor”), generating gross proceeds of $6,600,000.</p><p style="background-color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">On July 1, 2021 (the “CRIS Close Date”), the Company consummated the previously announced business combination (the “CRIS Business Combination”), with CRIS, SPAC Sub, EVgo Holdings, EVgo Holdco and EVgo OpCo, LLC (“EVgo OpCo” and together with EVgo Holdings and EVgo Holdco, the “EVgo Parties”) pursuant to that certain Business Combination Agreement, dated January 21, 2021 (the “Business Combination Agreement”). Following the CRIS Close Date, the combined company is organized in an “Up-C” structure in which the business of EVgo HoldCo and its subsidiaries are held by EVgo OpCo and continue to operate through the subsidiaries of EVgo HoldCo, and in which the Company’s only direct assets consist of equity interests in SPAC Sub, which, in turn, holds only common units in EVgo OpCo (EVgo OpCo Units”).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">Immediately following the CRIS Close Date, the Company, through SPAC Sub, owned approximately 26.0% of the EVgo OpCo Units. <span style="background-color:#ffffff;">As the sole managing member of EVgo OpCo, SPAC Sub operates and controls all of the business and affairs of EVgo OpCo, and through EVgo OpCo and its subsidiaries, conducts its business. As a result, beginning on July 1, 2021 (the CRIS Close Date), the Company consolidated the financial results of EVgo OpCo and recorded a noncontrolling interest in its consolidated financial statements to reflect the EVgo OpCo Units that are owned by EVgo Holdings after the CRIS Close Date. </span>Immediately following the CRIS Close Date, EVgo Holdings held 195,800,000 EVgo OpCo Units, representing approximately 74.0% of the total outstanding EVgo OpCo Units, and an equal of number of shares of the Company’s Class B common stock.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:12pt 0pt 0pt 0pt;">Each EVgo OpCo Unit, together with one share of Class B common stock, is redeemable, subject to certain conditions, for either one share of Class A common stock, or, at OpCo’s election, the cash equivalent to the market value </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">of one share of Class A common stock, pursuant to and in accordance with the terms of the <span style="font-family:'Times New Roman PS Std';">Amended and Restated LLC Agreement of EVgo OpCo dated July 1, 2021 (the “EVgo OpCo A&amp;R LLC Agreement”).</span> </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">COVID-19</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The global outbreak of COVID-19 has resulted in the implementation of numerous actions taken by governments, governmental agencies, multilateral organizations and other entities, in an attempt to mitigate the spread of the virus. These measures have resulted in a significant reduction in worldwide economic activity and extreme volatility in the global financial markets, which have affected new car sales, including EVs, and significantly reduced people’s mobility, and the accompanying demand for charging services. EVgo experienced a significant decline in monthly GWh throughput beginning in March 2020. Between March and July 2020, EVgo deactivated chargers due to decreased usage as a result of COVID-19, experiencing downtime when host sites were closed. As economic activity has resumed and new EV sales have increased, charging revenue for the three months ended September 30, 2021 was higher than the last pre-COVID quarter, the three months ended December 31, 2019, by 40%.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"> The COVID-19 pandemic also impacted EVgo’s operations through construction delays and supply chain and shipping constraints. EVgo delayed operational dates of over 400 chargers by six to nine months due to delays in various stages of site planning and construction caused by COVID-19. When governments and businesses shut down in response to shelter in place orders and other similar actions by state and local governments, permitting, inspection and other city and municipal services were suspended or otherwise impacted, and EVgo had reduced access to host sites for construction and on-site survey and design. EVgo also experienced delays in its site host negotiations as hosts devoted more time to day-to-day operations and employee health and safety. Finally, for some contractual commitments (see Note 10), the Company is required to adhere to a construction schedule over specific timeframes. Those timelines were impacted due to delays associated with COVID-19, and it is possible that the ongoing pandemic could continue to impact these timelines in the future.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="margin-bottom:12pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">How COVID-19 will affect EVgo’s future business results is unclear. While the disruption is expected to be temporary, there is considerable uncertainty around the duration and magnitude of this disruption. The Company expects continued significant, negative impacts to its financial position, results of operations and cash flows in 2021 and beyond as charging revenue and regulatory credit sales are expected to decrease significantly due to the disruption. Development and commissioning lead times are expected to be extended as a result of the lockdowns and other measures taken by the state and local governments to mitigate the spread of COVID-19. The extent of the financial impact and duration cannot be reasonably estimated at this time.</p>
CY2021Q3 evgo Number Of Subsidiaries
NumberOfSubsidiaries
1
CY2019Q4 evgo Percentage Of Increase In Sales Of Electric Vehicles
PercentageOfIncreaseInSalesOfElectricVehicles
0.40
CY2021Q3 evgo Operation Dates Delayed Number Of Chargers Covid
OperationDatesDelayedNumberOfChargersCovid
400
CY2021Q3 us-gaap Cost Of Revenue
CostOfRevenue
7834000
CY2021Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
20882000
CY2020Q3 us-gaap Cost Of Revenue
CostOfRevenue
6119000
CY2020Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7996000
us-gaap Cost Of Revenue
CostOfRevenue
20099000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
46227000
us-gaap Cost Of Revenue
CostOfRevenue
15602000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
22260000
CY2020Q1 us-gaap Cost Of Revenue
CostOfRevenue
973000
CY2020Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1247000
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt;">Use of estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:12pt 0pt 0pt 0pt;">The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts and disclosures. Accordingly, actual results could differ from those estimates. Significant estimates made by management include, but are not limited to, charging station depreciable lives, costs associated with asset retirement obligations, the fair value of the share-based compensation, earnout liability, warrant liability and the fair value measurements of assets and liabilities allocated for acquired businesses. Accordingly, the actual results could differ significantly from those estimates.</p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:12pt 0pt 12pt 0pt;">Concentration of business and credit risk</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The Company maintains its cash accounts in a commercial bank. The total cash balances held in a commercial bank are secured by the Federal Deposit Insurance Corporation up to $250,000. At various times throughout the year, the Company had uninsured balances. The Company has not experienced any losses on such accounts and believes it is not exposed to any significant credit risk on cash. The Company mitigates its risk with respect to cash by maintaining its deposits at high-quality financial institutions and monitoring the credit ratings of those institutions.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The Company had accounts receivable with two customers that comprised 50% and two customers that comprised 66% of the Company’s total accounts receivable as of September 30, 2021 and December 31, 2020, respectively. For the nine months ended September 30, 2021 and 2020, one customer represented 12% and two customers represented 23% of total revenue, respectively. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The Company had one major vendor that represented approximately 13%, 10% and 19% of total purchases for the nine months ended September 30, 2021 and 2020 and for the period from January 1, 2020 through January 15, 2020, respectively.</p>
CY2021Q3 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
250000
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Reclassifications</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">Certain reclassifications to our previously reported financial information have been made to conform to the current period presentation.</p>
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
600000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
300000
us-gaap Derivatives Embedded Derivatives
DerivativesEmbeddedDerivatives
<p style="background-color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">Derivative financial instruments</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><span style="background-color:#ffffff;">The Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives in accordance with ASC Topic 815, </span><i style="background-color:#ffffff;font-style:italic;">Derivatives and Hedging</i><span style="background-color:#ffffff;"> (“ASC 815”). For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value on the grant date and is then re-valued at each reporting date, with changes in the fair value reported in the statements of operations. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative liabilities are classified in the condensed consolidated balance sheets as current or non-current based on whether or not net-cash settlement or conversion of the instrument could be required within 12 months of the balance sheet dates.</span></p>
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Method Used
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsMethodUsed
The estimated fair value of the contingent earnout liability is determined using a Monte Carlo simulation using a distribution of potential outcomes on a monthly basis over the Earnout Period (as defined in Note 14), prioritizing the most reliable information available.
CY2020Q3 evgo Number Of Operating Businesses Included In Initial Business Combination
NumberOfOperatingBusinessesIncludedInInitialBusinessCombination
1
CY2021Q3 evgo Related Party Notes Payable Converted In To Additional Paid In Capital
RelatedPartyNotesPayableConvertedInToAdditionalPaidInCapital
59600000
evgo Percentage Of Net Cash Savings Owed Per Agreement
PercentageOfNetCashSavingsOwedPerAgreement
0.85
us-gaap Derivatives Methods Of Accounting Nonhedging Derivatives
DerivativesMethodsOfAccountingNonhedgingDerivatives
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Warrant liability</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="background-color:#ffffff;">The Company accounts for its issued and outstanding warrants (such warrants, as described in Note 8, the “Warrants”) in accordance with the guidance contained in ASC 815 under which the Warrants do not meet the criteria for equity treatment and must be recorded as liabilities. Accordingly, the Company classifies the Warrants as liabilities at their fair value and adjusts the Warrants to fair value at each reporting period. This liability is subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in the statements of operations. The fair value of the redeemable warrants sold as part of the units in the Company, which consisted of one share of Class A common stock and one half of one redeemable warrant of the Company (the “Units”), in the Company’s IPO (“Public Warrants”) has been estimated using the Public Warrants’ quoted market price at September 30, 2021. The Private Placement Warrants were valued using a Modified Black Scholes Option Pricing Model for initial and subsequent measurements.</span></p>
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
264536770
CY2021Q3 evgo Percentage Of Voting Interests Held
PercentageOfVotingInterestsHeld
1
CY2021Q3 evgo Sponsor Agreement Earnout Shares
SponsorAgreementEarnoutShares
1437500
CY2021Q3 evgo Sponsor Agreement Earnout Shares
SponsorAgreementEarnoutShares
1437500
CY2021Q3 evgo Earnout Shares Fair Value Disclosure
EarnoutSharesFairValueDisclosure
18300000
CY2021Q3 evgo Business Combination Direct And Incremental Costs
BusinessCombinationDirectAndIncrementalCosts
57900000
CY2021Q2 evgo Deferred Underwriting Fees
DeferredUnderwritingFees
57900000
CY2021Q3 evgo Deferred Underwriting Fees
DeferredUnderwritingFees
8100000
evgo Business Combination Other Incremental Costs
BusinessCombinationOtherIncrementalCosts
3500000
CY2021Q3 us-gaap Revenues
Revenues
6181000
CY2020Q3 us-gaap Revenues
Revenues
3572000
us-gaap Revenues
Revenues
15095000
us-gaap Revenues
Revenues
8855000
CY2020Q1 us-gaap Revenues
Revenues
1526000
CY2021Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
100000
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
600000
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
12028000
CY2020Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
9091000
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
9137000
evgo Contract With Customer Liability Increase For Contract Liability
ContractWithCustomerLiabilityIncreaseForContractLiability
29377000
evgo Contract With Customer Liability Increase For Contract Liability
ContractWithCustomerLiabilityIncreaseForContractLiability
5825000
CY2020Q1 evgo Contract With Customer Liability Increase For Contract Liability
ContractWithCustomerLiabilityIncreaseForContractLiability
65000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2895000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2285000
CY2020Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
106000
evgo Contract With Customer Liability Decrease In Marketing Activities
ContractWithCustomerLiabilityDecreaseInMarketingActivities
338000
evgo Contract With Customer Liability Decrease In Marketing Activities
ContractWithCustomerLiabilityDecreaseInMarketingActivities
603000
CY2020Q1 evgo Contract With Customer Liability Decrease In Marketing Activities
ContractWithCustomerLiabilityDecreaseInMarketingActivities
5000
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
38172000
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
12028000
CY2020Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
9091000
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
132357000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
82808000
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
22347000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
11542000
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
110010000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
71266000
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
90500000
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
15489000
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
75011000
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3000000.0
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2100000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7200000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6100000
CY2021Q3 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
400000
CY2020Q3 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
300000
CY2020Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
800000
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-143000
CY2020Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5897000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
489000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
9773000
CY2020Q3 evgo Related Party Other Nonoperating Income Expense
RelatedPartyOtherNonoperatingIncomeExpense
54000
evgo Related Party Other Nonoperating Income Expense
RelatedPartyOtherNonoperatingIncomeExpense
54000
CY2020Q1 evgo Related Party Other Nonoperating Income Expense
RelatedPartyOtherNonoperatingIncomeExpense
342000
CY2020Q4 evgo Capital Build Liability Excluding Buyout Liability Noncurrent
CapitalBuildLiabilityExcludingBuyoutLiabilityNoncurrent
17388000
evgo Capital Build Liability Increase Excluding Buyout Liability
CapitalBuildLiabilityIncreaseExcludingBuyoutLiability
4707000
evgo Capital Build Liability Decrease Excluding Buyout Liability
CapitalBuildLiabilityDecreaseExcludingBuyoutLiability
2657000
CY2021Q3 evgo Capital Build Liability Excluding Buyout Liability Noncurrent
CapitalBuildLiabilityExcludingBuyoutLiabilityNoncurrent
19438000
evgo Registration And Stockholder Rights Percentage Of Ownership Benchmark
RegistrationAndStockholderRightsPercentageOfOwnershipBenchmark
0.20
CY2020Q4 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
5000000
CY2020Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
0
evgo Warrant Liability Recognized Business Combination
WarrantLiabilityRecognizedBusinessCombination
79584000
evgo Earnout Liability Recognized Business Combination
EarnoutLiabilityRecognizedBusinessCombination
18278000
evgo Earnout Liability Settled Through Equity
EarnoutLiabilitySettledThroughEquity
-10853000
us-gaap Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
-45946000
evgo Fair Value Adjustment Of Earnout Liability
FairValueAdjustmentOfEarnoutLiability
-3695000
CY2021Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
33638000
CY2021Q3 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
3730000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0
CY2021Q3 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
CY2021Q3 evgo Earnout Shares Related To Business Combination
EarnoutSharesRelatedToBusinessCombination
1437500
CY2021Q3 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
18300000
CY2021Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2020 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2021Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2021Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
evgo Stock Conversion Ratio
StockConversionRatio
1
CY2021Q3 us-gaap Profit Loss
ProfitLoss
23591000
us-gaap Profit Loss
ProfitLoss
-11441000
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
17461000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-17571000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
6130000
us-gaap Net Income Loss
NetIncomeLoss
6130000
CY2021Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
64000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
64000
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6066000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6066000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68737000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68737000
CY2021Q3 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
719000
us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
719000
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68018000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68018000
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
19991
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1906000
evgo Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Granted Weighted Average Grant Date Fair Value Amount
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedGrantedWeightedAverageGrantDateFairValueAmount
22013000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
15000
evgo Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Granted Weighted Average Forfeited Date Fair Value Amount
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedGrantedWeightedAverageForfeitedDateFairValueAmount
170000
CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
1891000
CY2021Q3 evgo Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value Amount
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValueAmount
21843000
CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
18100000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y6M
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4282000
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
243000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5293000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
695000
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13000
CY2021Q3 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
436740000
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
17461000
CY2021Q3 evgo Equity Based Compensation Attributable To Noncontrolling Interest
EquityBasedCompensationAttributableToNoncontrollingInterest
532000
CY2021Q3 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
1141037000
CY2021Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
1595770000

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