2023 Q4 Form 10-K Financial Statement
#000155837024002608 Filed on March 06, 2024
Income Statement
Concept | 2023 Q4 | 2023 |
---|---|---|
Revenue | $49.99M | $161.0M |
YoY Change | 83.11% | 194.85% |
Cost Of Revenue | $46.45M | $151.2M |
YoY Change | 63.56% | 151.06% |
Gross Profit | $3.540M | $9.714M |
YoY Change | -422.11% | -271.9% |
Gross Profit Margin | 7.08% | 6.04% |
Selling, General & Admin | $33.32M | $125.3M |
YoY Change | -6.23% | 1.79% |
% of Gross Profit | 941.13% | 1289.97% |
Research & Development | $5.700M | |
YoY Change | 18.75% | |
% of Gross Profit | 58.68% | |
Depreciation & Amortization | $15.17M | $51.96M |
YoY Change | 42.61% | 44.67% |
% of Gross Profit | 428.67% | 534.91% |
Operating Expenses | $40.93M | $163.1M |
YoY Change | -1.12% | 13.4% |
Operating Profit | -$37.39M | -$153.4M |
YoY Change | -12.01% | 2.61% |
Interest Expense | $2.648M | $9.744M |
YoY Change | 25.74% | 46300.0% |
% of Operating Profit | ||
Other Income/Expense, Net | $1.579M | $17.98M |
YoY Change | -93.23% | -58.45% |
Pretax Income | -$36.59M | -$135.4M |
YoY Change | 114.56% | 27.49% |
Income Tax | $0.00 | $42.00K |
% Of Pretax Income | ||
Net Earnings | -$12.27M | -$42.43M |
YoY Change | 179.37% | 53.86% |
Net Earnings / Revenue | -24.54% | -26.36% |
Basic Earnings Per Share | -$0.46 | |
Diluted Earnings Per Share | -$0.12 | -$0.46 |
COMMON SHARES | ||
Basic Shares Outstanding | 91.31M | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q4 | 2023 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $209.1M | $209.1M |
YoY Change | -15.05% | -15.05% |
Cash & Equivalents | $209.1M | |
Short-Term Investments | ||
Other Short-Term Assets | $14.08M | $14.08M |
YoY Change | 168.11% | 37.98% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $34.88M | $44.18M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $267.4M | $267.4M |
YoY Change | -2.93% | -2.93% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $389.2M | $457.0M |
YoY Change | 26.33% | 26.94% |
Goodwill | $31.05M | |
YoY Change | 0.0% | |
Intangibles | $49.00M | |
YoY Change | -19.16% | |
Long-Term Investments | ||
YoY Change | ||
Other Assets | $2.208M | $2.208M |
YoY Change | -4.33% | -15.34% |
Total Long-Term Assets | $539.2M | $539.2M |
YoY Change | 18.71% | 18.71% |
TOTAL ASSETS | ||
Total Short-Term Assets | $267.4M | $267.4M |
Total Long-Term Assets | $539.2M | $539.2M |
Total Assets | $806.6M | $806.6M |
YoY Change | 10.54% | 10.54% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $10.13M | $10.13M |
YoY Change | 11.01% | 11.01% |
Accrued Expenses | $40.55M | $46.57M |
YoY Change | 3.35% | 5.38% |
Deferred Revenue | $23.11M | |
YoY Change | 44.26% | |
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $89.35M | $89.35M |
YoY Change | 2.29% | 2.29% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $176.9M | $176.9M |
YoY Change | 41.23% | 41.23% |
Total Long-Term Liabilities | $176.9M | $176.9M |
YoY Change | 41.23% | 41.23% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $89.35M | $89.35M |
Total Long-Term Liabilities | $176.9M | $176.9M |
Total Liabilities | $266.2M | $967.2M |
YoY Change | 25.23% | -11.09% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$248.5M | |
YoY Change | -33.84% | |
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | -$160.6M | -$160.6M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $806.6M | $806.6M |
YoY Change | 10.54% | 10.54% |
Cashflow Statement
Concept | 2023 Q4 | 2023 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$12.27M | -$42.43M |
YoY Change | 179.37% | 53.86% |
Depreciation, Depletion And Amortization | $15.17M | $51.96M |
YoY Change | 42.61% | 44.67% |
Cash From Operating Activities | -$7.274M | -$37.06M |
YoY Change | 399.25% | -36.97% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $34.81M | $158.9M |
YoY Change | -47.55% | -20.65% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $15.34M | $15.58M |
YoY Change | -80847.37% | 2764.71% |
Cash From Investing Activities | -$19.47M | -$143.3M |
YoY Change | -70.67% | -28.24% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 7.180M | 143.0M |
YoY Change | -46.24% | 621.85% |
NET CHANGE | ||
Cash From Operating Activities | -7.274M | -37.06M |
Cash From Investing Activities | -19.47M | -143.3M |
Cash From Financing Activities | 7.180M | 143.0M |
Net Change In Cash | -19.56M | -37.35M |
YoY Change | -64.1% | -84.35% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$7.274M | -$37.06M |
Capital Expenditures | $34.81M | $158.9M |
Free Cash Flow | -$42.09M | -$196.0M |
YoY Change | -37.95% | -24.36% |
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CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-106222000 | |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
42000 | |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
18000 | |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
-135466000 | |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-106240000 | |
CY2023 | us-gaap |
Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
|
-93039000 | |
CY2022 | us-gaap |
Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
|
-78665000 | |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-42427000 | |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-27575000 | |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.46 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.46 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.40 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.40 | |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-358100000 | |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
25953000 | |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-42427000 | |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
|
84993000 | |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-160589000 | |
CY2023 | us-gaap |
Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
|
-93000000.0 | |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1358331000 | |
CY2022 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
37332000 | |
CY2022 | us-gaap |
Proceeds From Sale Of Longterm Investments
ProceedsFromSaleOfLongtermInvestments
|
37166000 | |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
23170000 | |
CY2022 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
10419000 | |
CY2022 | us-gaap |
Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
0 | |
CY2022 | evgo |
Warrants Exercised And Release Of Warrant Liability
WarrantsExercisedAndReleaseOfWarrantLiability
|
3000 | |
CY2022 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
25000 | |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-27575000 | |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
|
994239000 | |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-358100000 | |
CY2022 | us-gaap |
Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
|
-78700000 | |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
-135466000 | |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-106240000 | |
CY2023 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
51961000 | |
CY2022 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
35918000 | |
CY2023 | evgo |
Gain Loss On Sale Of Property Plant Equipment Net Of Insurance Recoveries And Impairment Expense
GainLossOnSaleOfPropertyPlantEquipmentNetOfInsuranceRecoveriesAndImpairmentExpense
|
-11496000 | |
CY2022 | evgo |
Gain Loss On Sale Of Property Plant Equipment Net Of Insurance Recoveries And Impairment Expense
GainLossOnSaleOfPropertyPlantEquipmentNetOfInsuranceRecoveriesAndImpairmentExpense
|
-8278000 | |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
29724000 | |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
25048000 | |
CY2023 | evgo |
Fair Value Adjustment Of Earnout Liability
FairValueAdjustmentOfEarnoutLiability
|
-1076000 | |
CY2022 | evgo |
Fair Value Adjustment Of Earnout Liability
FairValueAdjustmentOfEarnoutLiability
|
-3481000 | |
CY2023 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-7163000 | |
CY2022 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-36157000 | |
CY2023 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-34000 | |
CY2022 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-777000 | |
CY2023 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
23810000 | |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
8516000 | |
CY2023 | us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
-1000 | |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
-1500000 | |
CY2023 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
2697000 | |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
2364000 | |
CY2023 | evgo |
Increase Decrease In Operating Lease Assets And Liabilities Net
IncreaseDecreaseInOperatingLeaseAssetsAndLiabilitiesNet
|
-1492000 | |
CY2022 | evgo |
Increase Decrease In Operating Lease Assets And Liabilities Net
IncreaseDecreaseInOperatingLeaseAssetsAndLiabilitiesNet
|
519000 | |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
654000 | |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1371000 | |
CY2023 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
8287000 | |
CY2022 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
7320000 | |
CY2023 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
38282000 | |
CY2022 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
13070000 | |
CY2023 | evgo |
Increase Decrease In Customer Deposits Liability
IncreaseDecreaseInCustomerDepositsLiability
|
-8632000 | |
CY2022 | evgo |
Increase Decrease In Customer Deposits Liability
IncreaseDecreaseInCustomerDepositsLiability
|
6275000 | |
CY2023 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-142000 | |
CY2022 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-1074000 | |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-37055000 | |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-58794000 | |
CY2023 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
158896000 | |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
200251000 | |
CY2023 | us-gaap |
Sale Leaseback Transaction Gross Proceeds Investing Activities
SaleLeasebackTransactionGrossProceedsInvestingActivities
|
15273000 | |
CY2023 | us-gaap |
Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
|
311000 | |
CY2022 | us-gaap |
Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
|
710000 | |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-143312000 | |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-199707000 | |
CY2023 | evgo |
Proceeds From Capital Build Funding
ProceedsFromCapitalBuildFunding
|
14432000 | |
CY2022 | evgo |
Proceeds From Capital Build Funding
ProceedsFromCapitalBuildFunding
|
10088000 | |
CY2022 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
3000 | |
CY2022 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
25000 | |
CY2023 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
286000 | |
CY2023 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
4977000 | |
CY2022 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
907000 | |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
143020000 | |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
19813000 | |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-37347000 | |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-238688000 | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
246493000 | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
485181000 | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
209146000 | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
246493000 | |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
|
84993000 | |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
|
994239000 | |
CY2023 | evgo |
Non Cash Increase In Capital Build Liability
NonCashIncreaseInCapitalBuildLiability
|
16467000 | |
CY2022 | evgo |
Non Cash Increase In Capital Build Liability
NonCashIncreaseInCapitalBuildLiability
|
8678000 | |
CY2023 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
15213000 | |
CY2022 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
24422000 | |
CY2023 | evgo |
Non Cash Increase In Asset Retirement Obligations
NonCashIncreaseInAssetRetirementObligations
|
783000 | |
CY2022 | evgo |
Non Cash Increase In Asset Retirement Obligations
NonCashIncreaseInAssetRetirementObligations
|
1822000 | |
CY2023 | evgo |
Deferred Debt Issuance Included In Accounts Payable And Accrued Liabilities
DeferredDebtIssuanceIncludedInAccountsPayableAndAccruedLiabilities
|
187000 | |
CY2022 | evgo |
Deferred Equity Issuance Cost Included In Accounts Payable And Accrued Liabilities
DeferredEquityIssuanceCostIncludedInAccountsPayableAndAccruedLiabilities
|
312000 | |
CY2023 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;text-align:justify;margin:0pt 0pt 12pt 0pt;"><span style="font-style:italic;">Note 1 — Description of Business and Nature of Operations</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 10pt 0pt;">EVgo Inc. (“EVgo” or the “Company”) owns and operates a public direct current (“DC”) fast charging network for electric vehicles (“EVs”) in the United States (“U.S.”). EVgo’s network of charging stations provides EV charging infrastructure to consumers and businesses. Its network is capable of charging all EV models and charging standards currently available in the U.S. EVgo partners with automotive original equipment manufacturers (“OEMs”), fleet and rideshare operators, retail hosts such as grocery stores, shopping centers, gas stations, parking lot operators, governments and other organizations and property owners in order to locate and deploy its EV charging infrastructure. EVgo Services LLC (“EVgo Services”) was formed in October 2010 as NRG EV Services, LLC, a Delaware limited liability company and wholly owned subsidiary of NRG Energy, Inc., an integrated power company based in Houston, Texas (“NRG”). On June 17, 2016, NRG sold a majority interest in EVgo Services to Vision Ridge Partners.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 10pt 0pt;">On January 16, 2020 (the “Holdco Merger Date”), EVgo Holdco, LLC (“EVgo Holdco”), a Delaware limited liability company and a subsidiary of LS Power Equity Partners IV, L.P. (“LS Power”), completed an acquisition of EVgo Services LLC (“EVgo Services”), pursuant to the merger agreement (the “Holdco Merger Agreement”) among EVgo Services, its investors and EVgo Holdco, whereby EVgo Services became a wholly-owned subsidiary of EVgo Holdco, resulting in a change in control of EVgo Services (the “Holdco Merger”). LS Power 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;text-align:justify;text-indent:18pt;margin:0pt 0pt 10pt 0pt;">EVgo Inc. 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”). On October 2, 2020, the Company completed its initial public offering (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 in a private placement to Climate Change Crisis Real Impact I Acquisition Holdings, LLC (the “Sponsor”).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 10pt 0pt;">On July 1, 2021 (the “CRIS Close Date”), the Company consummated the business combination (the “CRIS Business Combination”) with CRIS, CRIS Thunder Merger LLC (“Thunder Sub”), EVgo Holdings, EVgo Holdco and EVgo OpCo, LLC (“EVgo OpCo” and together with EVgo Holdings and EVgo Holdco, the “EVgo Parties”) pursuant to the 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 Thunder 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:18pt;margin:0pt 0pt 10pt 0pt;">On May 22, 2023, in connection with an underwritten equity offering, EVgo Member Holdings, LLC, an affiliate of EVgo Holdings, the Company’s controlling stockholder, purchased 5,882,352 shares of the Company’s Class A common stock at the equity offering price of $4.25 per share.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 10pt 0pt;">As the sole managing member of EVgo OpCo, Thunder Sub operates and controls all of the business and affairs of EVgo OpCo and through EVgo OpCo and its subsidiaries, conducts its business. Accordingly, the Company consolidates the financial results of EVgo OpCo and records a redeemable noncontrolling interest in its consolidated financial statements to reflect the EVgo OpCo Units that are owned by EVgo Holdings. As of December 31, 2023 and 2022, EVgo Holdings held 195,800,000 EVgo OpCo Units, representing 65.4% and 73.6%, respectively, of the total outstanding EVgo OpCo Units and an equal number of shares of the Company’s Class B common stock. As of December 31, 2023, the shares of the Company’s Class B common stock held by EVgo Holdings and the shares of the Company’s Class A common stock held by EVgo Member Holdings, LLC, collectively represented a 67.4% voting interest in the Company. EVgo Holdings did not hold any shares of the Company’s Class A common stock as of December 31, 2022.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 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 EVgo OpCo’s election, the cash equivalent to the market value of one share of Class A common stock, pursuant to the Amended and Restated LLC Agreement of EVgo OpCo dated July 1, 2021 (the “EVgo OpCo A&R LLC Agreement”).</p> | |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;text-align:justify;margin:0pt 0pt 12pt 0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Use of Estimates</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 10pt 0pt;">The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The preparation of EVgo’s consolidated financial statements requires the Company to make judgments, estimates and assumptions that affect the reported amounts of assets, liabilities, income and expenses and related disclosures of contingent assets and liabilities. Significant estimates made by management include, but are not limited to, variable consideration estimates for revenue, depreciable lives of property and equipment and intangible assets, costs associated with asset retirement obligations, the and the fair value of share-based compensation, earnout liability and warrant liabilities. Management bases these estimates on its historical experience and various other assumptions that it believes to be reasonable under the circumstances. Actual results experienced may vary materially and adversely from EVgo’s estimates. Revisions to estimates are recognized prospectively.</p> | |
CY2023 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;text-align:justify;margin:0pt 0pt 12pt 0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Concentration of Business and Credit Risk</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">The Company maintains its cash accounts in commercial banks. Cash balances held in a commercial bank are secured by the Federal Deposit Insurance Corporation up to $250,000. At times, a portion of deposit balances may be in excess of federal insurance limits. The Company has not experienced any losses on such accounts. 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:18pt;margin:0pt 0pt 12pt 0pt;">The Company had two customers that collectively comprised 45.7% of the Company’s total net accounts receivable as of December 31, 2023. The Company had one customer that comprised 20.5% of the Company’s total net accounts receivable as of December 31, 2022. For the year ended December 31, 2023, one customer represented 45.2% of total revenue. For the year ended December 31, 2022, two customers collectively represented 42.9% of total revenue.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;"><span style="font-style:normal;font-weight:normal;">For the year ended </span><span style="font-style:normal;font-weight:normal;">December 31, 2023</span><span style="font-style:normal;font-weight:normal;">, </span><span style="font-style:normal;font-weight:normal;">one</span><span style="font-style:normal;font-weight:normal;"> vendor provided </span><span style="font-style:normal;font-weight:normal;">76.9%</span><span style="font-style:normal;font-weight:normal;"> of EVgo’s total charging equipment. For the year ended December 31, 2022, </span><span style="font-style:normal;font-weight:normal;">four</span><span style="font-style:normal;font-weight:normal;"> vendors collectively provided </span><span style="font-style:normal;font-weight:normal;">88.8%</span><span style="font-style:normal;font-weight:normal;"> of EVgo’s total charging equipment.</span><span style="font-style:normal;font-weight:normal;"> </span></p> | |
CY2023Q4 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | |
CY2023 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;text-align:justify;margin:0pt 0pt 12pt 0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Reclassifications</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">The Company has made certain reclassifications to prior period amounts to conform to the current period presentation.</p> | |
CY2023Q4 | us-gaap |
Nontrade Receivables Current
NontradeReceivablesCurrent
|
2700000 | |
CY2022Q4 | us-gaap |
Nontrade Receivables Current
NontradeReceivablesCurrent
|
1300000 | |
CY2023 | evgo |
Impairment Of Intangible Assets Including Goodwill
ImpairmentOfIntangibleAssetsIncludingGoodwill
|
0 | |
CY2023 | us-gaap |
Derivatives Methods Of Accounting Nonhedging Derivatives
DerivativesMethodsOfAccountingNonhedgingDerivatives
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;text-align:justify;margin:0pt 0pt 12pt 0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Warrant Liabilities</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt;">The Company accounts for its issued and outstanding warrants (as described in Note 13) 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 the end of each reporting period. This liability is subject to re-measurement at each balance sheet date until exercised or redeemed by the Company and any change in fair value is recognized in the statements of operations. The fair value of the Private Placement Warrants on the date of issuance and on each measurement date is estimated by reference to the trading price of the public warrants, which is considered a Level 2 (defined below) fair value measurement, or using a Monte Carlo simulation methodology, which is considered a Level 3 (defined below) fair value measurement and includes inputs such as EVgo’s stock price, the risk-free interest rate, the expected term, the expected volatility, the dividend rate, the exercise price and the number of Private Placement Warrants outstanding. Assumptions used in the Monte Carlo model are subjective and require significant judgment and actual results can differ from assumed and estimated amounts.</p> | |
CY2023 | us-gaap |
Revenue Practical Expedient Incremental Cost Of Obtaining Contract
RevenuePracticalExpedientIncrementalCostOfObtainingContract
|
true | |
CY2023 | us-gaap |
Advertising Expense
AdvertisingExpense
|
1600000 | |
CY2022 | us-gaap |
Advertising Expense
AdvertisingExpense
|
2000000.0 | |
CY2023 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
5700000 | |
CY2022 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
4800000 | |
CY2023 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
300000 | |
CY2022 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
700000 | |
CY2022Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
2900000 | |
CY2023 | evgo |
Contract With Customer Liability Increase Decrease For Customer Activity Associated With Each Product Offerings Including Receipt Of Cash Payments And Satisfaction Of Performance Obligations
ContractWithCustomerLiabilityIncreaseDecreaseForCustomerActivityAssociatedWithEachProductOfferingsIncludingReceiptOfCashPaymentsAndSatisfactionOfPerformanceObligations
|
29700000 | |
CY2023 | evgo |
Percentage Of Change In Contract Liabilities
PercentageOfChangeInContractLiabilities
|
0.51 | |
CY2022 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
107000 | |
CY2023 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | |
CY2023Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
1191000 | |
CY2022Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
2861000 | |
CY2023 | evgo |
Contract With Customer Asset Increase Decrease For Amounts Invoiced Offset By Revenue Recognized From Performance Obligations Satisfied
ContractWithCustomerAssetIncreaseDecreaseForAmountsInvoicedOffsetByRevenueRecognizedFromPerformanceObligationsSatisfied
|
-1670000 | |
CY2023 | evgo |
Percentage Of Change In Contract Assets
PercentageOfChangeInContractAssets
|
-0.58 | |
CY2023Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
87440000 | |
CY2022Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
57790000 | |
CY2023 | evgo |
Contract With Customer Liability Increase Decrease For Customer Activity Associated With Each Product Offerings Including Receipt Of Cash Payments And Satisfaction Of Performance Obligations
ContractWithCustomerLiabilityIncreaseDecreaseForCustomerActivityAssociatedWithEachProductOfferingsIncludingReceiptOfCashPaymentsAndSatisfactionOfPerformanceObligations
|
29650000 | |
CY2023 | evgo |
Percentage Of Change In Contract Liabilities
PercentageOfChangeInContractLiabilities
|
0.51 | |
CY2023Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
1200000 | |
CY2023Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
87400000 | |
CY2022Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
57800000 | |
CY2022Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
57790000 | |
CY2021Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
38445000 | |
CY2023 | evgo |
Contract With Customer Liability Increase For Contract Liability
ContractWithCustomerLiabilityIncreaseForContractLiability
|
120614000 | |
CY2022 | evgo |
Contract With Customer Liability Increase For Contract Liability
ContractWithCustomerLiabilityIncreaseForContractLiability
|
26397000 | |
CY2023 | evgo |
Contract With Customer Liability Revenue Recognized Including Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingOpeningBalance
|
90551000 | |
CY2022 | evgo |
Contract With Customer Liability Revenue Recognized Including Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingOpeningBalance
|
5796000 | |
CY2023 | evgo |
Contract With Customer Liability Marketing Activities
ContractWithCustomerLiabilityMarketingActivities
|
413000 | |
CY2022 | evgo |
Contract With Customer Liability Marketing Activities
ContractWithCustomerLiabilityMarketingActivities
|
1256000 | |
CY2023Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
87440000 | |
CY2022Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
57790000 | |
CY2023 | evgo |
Contract With Customer Amounts Included In Beginning Of Period Contract Liabilities Balance
ContractWithCustomerAmountsIncludedInBeginningOfPeriodContractLiabilitiesBalance
|
22434000 | |
CY2022 | evgo |
Contract With Customer Amounts Included In Beginning Of Period Contract Liabilities Balance
ContractWithCustomerAmountsIncludedInBeginningOfPeriodContractLiabilitiesBalance
|
4605000 | |
CY2023 | us-gaap |
Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
|
141000 | |
CY2022 | us-gaap |
Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
|
5000 | |
CY2023Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
22705000 | |
CY2023Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
14353000 | |
CY2023Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
23968000 | |
CY2023Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
61026000 | |
CY2023Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
17200000 | |
CY2022Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
8700000 | |
CY2023 | us-gaap |
Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
|
true | |
CY2023 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
69000 | |
CY2023 | us-gaap |
Lease Cost
LeaseCost
|
13268000 | |
CY2022 | us-gaap |
Lease Cost
LeaseCost
|
7557000 | |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
12124000 | |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
11550000 | |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
11131000 | |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
10552000 | |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
10263000 | |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
48312000 | |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
103932000 | |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
35927000 | |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
68005000 | |
CY2023Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P9Y | |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P9Y | |
CY2023Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.096 | |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.090 | |
CY2023 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
8953000 | |
CY2022 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
5323000 | |
CY2023 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
20942000 | |
CY2022 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
33457000 | |
CY2023 | evgo |
Sale And Leaseback Transaction Number Of Parcels Of Real Estate Sold
SaleAndLeasebackTransactionNumberOfParcelsOfRealEstateSold
|
3 | |
CY2023Q4 | evgo |
Sale Leaseback Transaction Proceed Including Legal Fees
SaleLeasebackTransactionProceedIncludingLegalFees
|
16500000 | |
CY2023 | us-gaap |
Sale Leaseback Transaction Net Proceeds Investing Activities
SaleLeasebackTransactionNetProceedsInvestingActivities
|
14600000 | |
CY2023 | us-gaap |
Sale And Leaseback Transaction Gain Loss Net
SaleAndLeasebackTransactionGainLossNet
|
-600000 | |
CY2023 | evgo |
Sale And Leaseback Transaction Number Of Parcels Of Real Estate Sold
SaleAndLeasebackTransactionNumberOfParcelsOfRealEstateSold
|
3 | |
CY2023 | us-gaap |
Sale Leaseback Transaction Lease Term
SaleLeasebackTransactionLeaseTerm
|
P10Y | |
CY2023 | evgo |
Sale And Leaseback Number Of Renewal Options
SaleAndLeasebackNumberOfRenewalOptions
|
6 | |
CY2023 | us-gaap |
Lessor Operating Lease Existence Of Option To Extend
LessorOperatingLeaseExistenceOfOptionToExtend
|
true | |
CY2023 | us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
2444000 | |
CY2022 | us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
810000 | |
CY2023 | us-gaap |
Sublease Income
SubleaseIncome
|
1225000 | |
CY2022 | us-gaap |
Sublease Income
SubleaseIncome
|
384000 | |
CY2023 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
3669000 | |
CY2022 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
1194000 | |
CY2023Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
|
1969000 | |
CY2023Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
|
1330000 | |
CY2023Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
|
910000 | |
CY2023Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
|
667000 | |
CY2023Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
|
334000 | |
CY2023Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
|
5210000 | |
CY2023 | us-gaap |
Government Assistance Amount
GovernmentAssistanceAmount
|
600000 | |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
481565000 | |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
357710000 | |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
92338000 | |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
49598000 | |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
389227000 | |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
308112000 | |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
90500000 | |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
41503000 | |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
48997000 | |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
90500000 | |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
29888000 | |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
60612000 | |
CY2022 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
11600000 | |
CY2023 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
11600000 | |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
10247000 | |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
6330000 | |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
4780000 | |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
4780000 | |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
4780000 | |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
18080000 | |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
48997000 | |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
100000 | |
CY2023Q4 | us-gaap |
Other Commitment
OtherCommitment
|
12000000.0 | |
CY2023Q4 | evgo |
Other Commitments Current
OtherCommitmentsCurrent
|
10500000 | |
CY2022Q4 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
15473000 | |
CY2021Q4 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
12833000 | |
CY2023 | us-gaap |
Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
|
2715000 | |
CY2022 | us-gaap |
Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
|
2997000 | |
CY2023 | us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
2280000 | |
CY2022 | us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
1915000 | |
CY2023 | us-gaap |
Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
|
-1932000 | |
CY2022 | us-gaap |
Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
|
-1175000 | |
CY2023 | us-gaap |
Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
|
304000 | |
CY2022 | us-gaap |
Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
|
1097000 | |
CY2023Q4 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
18232000 | |
CY2022Q4 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
15473000 | |
CY2023Q4 | evgo |
Accrued Liability For Charging Equipment And Services
AccruedLiabilityForChargingEquipmentAndServices
|
21771000 | |
CY2022Q4 | evgo |
Accrued Liability For Charging Equipment And Services
AccruedLiabilityForChargingEquipmentAndServices
|
23088000 | |
CY2023Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
9494000 | |
CY2022Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
7113000 | |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
9284000 | |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
9032000 | |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
40549000 | |
CY2022Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
39233000 | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | |
CY2023Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
400000 | |
CY2021Q4 | us-gaap |
Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
|
P5Y | |
CY2021Q4 | us-gaap |
Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
|
P5Y | |
CY2023Q4 | us-gaap |
Share Price
SharePrice
|
18.00 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.2100 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.2100 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.0651 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.0636 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
|
0.1699 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
|
0.2564 | |
CY2023 | evgo |
Effective Income Tax Rate Reconciliation Change In Fair Value Of Warrant Liability
EffectiveIncomeTaxRateReconciliationChangeInFairValueOfWarrantLiability
|
0.0146 | |
CY2022 | evgo |
Effective Income Tax Rate Reconciliation Change In Fair Value Of Warrant Liability
EffectiveIncomeTaxRateReconciliationChangeInFairValueOfWarrantLiability
|
0.0943 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
-0.0468 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
-0.0110 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
|
-0.0105 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
|
-0.0029 | |
CY2023 | evgo |
Effective Income Tax Rate Reconciliation Change In Fair Value Of Earnout Liability
EffectiveIncomeTaxRateReconciliationChangeInFairValueOfEarnoutLiability
|
0.0022 | |
CY2022 | evgo |
Effective Income Tax Rate Reconciliation Change In Fair Value Of Earnout Liability
EffectiveIncomeTaxRateReconciliationChangeInFairValueOfEarnoutLiability
|
0.0091 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.1586 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.1287 | |
CY2023 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.0003 | |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
0 | |
CY2023Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
0 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Investment In Subsidiaries
DeferredTaxAssetsInvestmentInSubsidiaries
|
133447000 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Investment In Subsidiaries
DeferredTaxAssetsInvestmentInSubsidiaries
|
119033000 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
|
7873000 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
|
1537000 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
25868000 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
13794000 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
167188000 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
134364000 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
167188000 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
134364000 | |
CY2023Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
94000000.0 | |
CY2022Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
50300000 | |
CY2023Q4 | us-gaap |
Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
|
7900000 | |
CY2022Q4 | us-gaap |
Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
|
1500000 | |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | |
CY2023Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | |
CY2023 | evgo |
Percentage Of Net Cash Savings Owed Per Agreement
PercentageOfNetCashSavingsOwedPerAgreement
|
0.85 | |
CY2022 | evgo |
Cash Savings Tax Benefit
CashSavingsTaxBenefit
|
0 | |
CY2023 | evgo |
Cash Savings Tax Benefit
CashSavingsTaxBenefit
|
0 | |
CY2023 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
29724000 | |
CY2022 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
25048000 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
375000 | |
CY2022 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
12.86 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
375000 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
12.86 | |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P9Y2M12D | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
1124000 | |
CY2023 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
7.12 | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
441000 | |
CY2023 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
8.31 | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1058000 | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
8.66 | |
CY2023 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P7Y7M6D | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
114000 | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
12.86 | |
CY2023 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P5Y3M18D | |
CY2023 | evgo |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Term To Strike Price Multiple
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTermToStrikePriceMultiple
|
2.8 | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
|
0 | |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
-135466000 | |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-106240000 | |
CY2023 | us-gaap |
Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
|
-93039000 | |
CY2022 | us-gaap |
Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
|
-78665000 | |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-42427000 | |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-27575000 | |
CY2023 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
-334000 | |
CY2022 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
-285000 | |
CY2023 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-42093000 | |
CY2022 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-27290000 | |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
91308000 | |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
69433000 | |
CY2023 | us-gaap |
Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
|
719000 | |
CY2022 | us-gaap |
Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
|
719000 | |
CY2023 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
90589000 | |
CY2022 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
68714000 | |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.46 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.40 | |
CY2023 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
28207000 | |
CY2022 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
22403000 | |
CY2021Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
1946252000 | |
CY2022 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-78665000 | |
CY2022 | evgo |
Equity Based Compensation Attributable To Noncontrolling Interest
EquityBasedCompensationAttributableToNoncontrollingInterest
|
1878000 | |
CY2022 | us-gaap |
Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
|
-994239000 | |
CY2022Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
875226000 | |
CY2023 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-93039000 | |
CY2023 | evgo |
Equity Based Compensation Attributable To Noncontrolling Interest
EquityBasedCompensationAttributableToNoncontrollingInterest
|
3770000 | |
CY2023 | us-gaap |
Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
|
-84993000 | |
CY2023Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
700964000 | |
CY2022Q4 | us-gaap |
Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
|
135051000 | |
CY2023 | us-gaap |
Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
|
33294000 | |
CY2023 | us-gaap |
Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
|
41000 | |
CY2023Q4 | us-gaap |
Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
|
168304000 | |
CY2021Q4 | us-gaap |
Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
|
122946000 | |
CY2022 | us-gaap |
Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
|
12376000 | |
CY2022 | us-gaap |
Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
|
271000 | |
CY2022Q4 | us-gaap |
Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
|
135051000 |