2023 Q1 Form 10-K Financial Statement

#000162828023005540 Filed on February 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $149.4M $257.7M $608.2M
YoY Change 159.09% 876.48% 2143.3%
Cost Of Revenue $500.5M $615.3M $1.646B
YoY Change 103.49% 306.21% 962.7%
Gross Profit -$351.1M -$357.6M -$1.038B
YoY Change 86.46% 185.88% 712.22%
Gross Profit Margin -234.95% -138.75% -170.66%
Selling, General & Admin $168.8M $170.9M $734.6M
YoY Change -24.37% -13.26% 12.58%
% of Gross Profit
Research & Development $229.8M $221.3M $821.5M
YoY Change 23.5% 35.26% 9.51%
% of Gross Profit
Depreciation & Amortization $49.84M $55.24M $186.6M
YoY Change 30.32% 52.24% 196.6%
% of Gross Profit
Operating Expenses $398.6M $392.2M $1.556B
YoY Change -2.61% 8.75% 10.94%
Operating Profit -$772.2M -$749.7M -$2.594B
YoY Change 29.23% 54.37% 69.49%
Interest Expense $7.108M $21.40M $30.60M
YoY Change -7.75% -1794.14% 2126.78%
% of Operating Profit
Other Income/Expense, Net -$7.238M $255.5M $1.290B
YoY Change -101.4% -145.74% -222.93%
Pretax Income -$779.4M -$472.8M -$1.304B
YoY Change 862.66% -54.78% -49.45%
Income Tax $129.0K -$161.0K $379.0K
% Of Pretax Income
Net Earnings -$779.5M -$472.6M -$1.304B
YoY Change 858.96% -54.8% -49.43%
Net Earnings / Revenue -521.64% -183.4% -214.49%
Basic Earnings Per Share -$0.43 -$0.78
Diluted Earnings Per Share -$0.43 -$0.28 -$1.51
COMMON SHARES
Basic Shares Outstanding 1.830B shares 1.680B shares 1.678B shares
Diluted Shares Outstanding 1.832B shares 1.693B shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.978B $3.913B $3.913B
YoY Change -44.76% -37.52% -37.52%
Cash & Equivalents $900.0M $1.736B $1.736B
Short-Term Investments $2.078B $2.177B $2.177B
Other Short-Term Assets $58.90M $81.54M $145.1M
YoY Change -38.32% 88.19% 27.64%
Inventory $1.018B $834.4M $834.4M
Prepaid Expenses $62.37M $63.55M
Receivables $2.583M $19.54M $19.54M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.120B $4.912B $4.912B
YoY Change -29.75% -24.51% -24.51%
LONG-TERM ASSETS
Property, Plant & Equipment $2.536B $2.382B $2.382B
YoY Change 69.73% 77.21% 77.21%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $441.7M $530.0M $530.0M
YoY Change
Other Assets $163.3M $55.30M $55.30M
YoY Change 277.65% 80.67% 80.67%
Total Long-Term Assets $3.141B $2.967B $2.967B
YoY Change 104.31% 115.84% 115.84%
TOTAL ASSETS
Total Short-Term Assets $4.120B $4.912B $4.912B
Total Long-Term Assets $3.141B $2.967B $2.967B
Total Assets $7.261B $7.879B $7.879B
YoY Change -1.9% -0.03% -0.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $145.7M $229.1M $229.1M
YoY Change 119.36% 454.12% 454.12%
Accrued Expenses $100.6M $63.32M $63.32M
YoY Change 144.19% 45.84% 45.84%
Deferred Revenue
YoY Change
Short-Term Debt $9.595M $9.595M $9.595M
YoY Change 118.12% -37.21% -37.21%
Long-Term Debt Due $10.24M $10.59M $10.59M
YoY Change 128.29% 153.07% 153.07%
Total Short-Term Liabilities $1.015B $937.6M $937.6M
YoY Change 98.26% 136.7% 136.7%
LONG-TERM LIABILITIES
Long-Term Debt $1.993B $1.992B $2.073B
YoY Change 0.25% 0.25% 4.03%
Other Long-Term Liabilities $360.8M $378.2M $518.8M
YoY Change 85.14% 100.56% -67.23%
Total Long-Term Liabilities $2.354B $2.370B $2.592B
YoY Change 7.83% 8.95% -27.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.015B $937.6M $937.6M
Total Long-Term Liabilities $2.354B $2.370B $2.592B
Total Liabilities $3.629B $3.530B $3.530B
YoY Change 1.59% -11.15% -11.15%
SHAREHOLDERS EQUITY
Retained Earnings -$8.100B -$7.400B
YoY Change 32.79% 21.99%
Common Stock $183.0K $183.0K
YoY Change 9.58% 10.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.632B $4.350B $4.350B
YoY Change
Total Liabilities & Shareholders Equity $7.261B $7.879B $7.879B
YoY Change -1.9% -0.03% -0.03%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$779.5M -$472.6M -$1.304B
YoY Change 858.96% -54.8% -49.43%
Depreciation, Depletion And Amortization $49.84M $55.24M $186.6M
YoY Change 30.32% 52.24% 196.6%
Cash From Operating Activities -$801.3M -$648.5M -$2.226B
YoY Change 61.99% 107.37% 110.39%
INVESTING ACTIVITIES
Capital Expenditures $241.8M $289.9M $1.075B
YoY Change -230.63% -337.79% -355.18%
Acquisitions
YoY Change
Other Investing Activities $213.1M -$102.8M -$2.607B
YoY Change -20329.92% -494753.7%
Cash From Investing Activities -$28.72M -$392.7M -$3.682B
YoY Change -84.48% 223.44% 775.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$5.745M 1.513B $1.347B
YoY Change -96.93% -20.36% -81.12%
NET CHANGE
Cash From Operating Activities -$801.3M -648.5M -$2.226B
Cash From Investing Activities -$28.72M -392.7M -$3.682B
Cash From Financing Activities -$5.745M 1.513B $1.347B
Net Change In Cash -$835.7M 471.6M -$4.561B
YoY Change -3.61% -67.82% -180.61%
FREE CASH FLOW
Cash From Operating Activities -$801.3M -$648.5M -$2.226B
Capital Expenditures $241.8M $289.9M $1.075B
Free Cash Flow -$1.043B -$938.4M -$3.301B
YoY Change 236.93% 391.76% 418.3%

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CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1678346079 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
740393759 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24825944 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1693258608 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
740393759 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2021 us-gaap Earnings Per Share Basic
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-6.41
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-28.42
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.51
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-6.41
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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-11572000 usd
CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 usd
CY2020 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2579761000 usd
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2022 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 usd
CY2021 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
2167332000 usd
CY2020 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1316032000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2019Q4 us-gaap Temporary Equity Shares Outstanding
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502582534 shares
CY2019Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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1074010000 usd
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
4349701000 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
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CY2020 lcid Adjustments To Additional Paid In Capital Extinguishment Of Temporary
AdjustmentsToAdditionalPaidInCapitalExtinguishmentOfTemporary
1000000 usd
CY2020 lcid Adjustments To Additional Paid In Capital Repurchase Of Temporary Equity
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12784000 usd
CY2020 us-gaap Stock Issued During Period Value Stock Options Exercised
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3285000 usd
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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4614000 usd
CY2020Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
957159704 shares
CY2020Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
2494076000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2021 us-gaap Net Income Loss
NetIncomeLoss
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CY2021 us-gaap Adjustments To Additional Paid In Capital Increase In Carrying Amount Of Redeemable Preferred Stock
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2151613000 usd
CY2021 lcid Reclassifications Of Temporary To Permanent Equity Shares
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1155909367 shares
CY2021 us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
5836785000 usd
CY2021 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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5836785000 usd
CY2021 us-gaap Stock Issued During Period Value New Issues
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3590956000 usd
CY2021 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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22063000 usd
CY2021 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
20716000 usd
CY2021 lcid Stock Issued During Period Value Exercise Of Warrants
StockIssuedDuringPeriodValueExerciseOfWarrants
173273000 usd
CY2021 lcid Warrants Redeemed Or Called During Period Value
WarrantsRedeemedOrCalledDuringPeriodValue
4000 usd
CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
8132000 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
393143000 usd
CY2021Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0 shares
CY2021Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
3909355000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
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CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-11572000 usd
CY2022 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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218789000 usd
CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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0 usd
CY2022 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
24562000 usd
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
17788000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
423500000 usd
CY2022Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0 shares
CY2022Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 usd
CY2020 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-7770000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
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CY2021 us-gaap Net Income Loss
NetIncomeLoss
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CY2020 us-gaap Net Income Loss
NetIncomeLoss
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CY2022 lcid Depreciation And Amortization Excluding Debt Discounts And Insurance Premiums
DepreciationAndAmortizationExcludingDebtDiscountsAndInsurancePremiums
186583000 usd
CY2021 lcid Depreciation And Amortization Excluding Debt Discounts And Insurance Premiums
DepreciationAndAmortizationExcludingDebtDiscountsAndInsurancePremiums
62907000 usd
CY2020 lcid Depreciation And Amortization Excluding Debt Discounts And Insurance Premiums
DepreciationAndAmortizationExcludingDebtDiscountsAndInsurancePremiums
10217000 usd
CY2022 lcid Amortization Of Insurance Premiums
AmortizationOfInsurancePremiums
35620000 usd
CY2021 lcid Amortization Of Insurance Premiums
AmortizationOfInsurancePremiums
18474000 usd
CY2020 lcid Amortization Of Insurance Premiums
AmortizationOfInsurancePremiums
0 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
19711000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
12563000 usd
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
0 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
423500000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
516757000 usd
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
4614000 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
569479000 usd
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
48884000 usd
CY2020 us-gaap Inventory Write Down
InventoryWriteDown
0 usd
CY2022 lcid Fair Value Adjustment Of Forward Contracts Indexed To Equity
FairValueAdjustmentOfForwardContractsIndexedToEquity
0 usd
CY2021 lcid Fair Value Adjustment Of Forward Contracts Indexed To Equity
FairValueAdjustmentOfForwardContractsIndexedToEquity
-454546000 usd
CY2020 lcid Fair Value Adjustment Of Forward Contracts Indexed To Equity
FairValueAdjustmentOfForwardContractsIndexedToEquity
-118382000 usd
CY2022 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
10342000 usd
CY2021 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-289000 usd
CY2020 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-139000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
16498000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2888000 usd
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-148000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1256349000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
175091000 usd
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
359000 usd
CY2022 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
28822000 usd
CY2021 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
66980000 usd
CY2022 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
43591000 usd
CY2021 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
14704000 usd
CY2020 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-7360000 usd
CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
43230000 usd
CY2021 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-5889000 usd
CY2020 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-2866000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
180469000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4354000 usd
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-69861000 usd
CY2022 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
30958000 usd
CY2021 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
16167000 usd
CY2020 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
13249000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-15482000 usd
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-10019000 usd
CY2020 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
0 usd
CY2022 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
269386000 usd
CY2021 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
65456000 usd
CY2020 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
53454000 usd
CY2022 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
31028000 usd
CY2021 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-4712000 usd
CY2020 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
0 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2226258000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1058133000 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-570196000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1074852000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
421220000 usd
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
459582000 usd
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 usd
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
22000 usd
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 usd
CY2022 lcid Proceeds From Government Grant
ProceedsFromGovernmentGrant
97267000 usd
CY2021 lcid Proceeds From Government Grant
ProceedsFromGovernmentGrant
0 usd
CY2020 lcid Proceeds From Government Grant
ProceedsFromGovernmentGrant
0 usd
CY2022 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
3854129000 usd
CY2021 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 usd
CY2022 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 usd
CY2020 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 usd
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
1149714000 usd
CY2021 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
0 usd
CY2020 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
0 usd
CY2022 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
0 usd
CY2021 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
505000 usd
CY2020 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
0 usd
CY2022 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
323000 usd
CY2021 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 usd
CY2020 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3681677000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-420693000 usd
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-459582000 usd
CY2022 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 usd
CY2021 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
2002437000 usd
CY2020 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 usd
CY2021 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
41935000 usd
CY2020 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 usd
CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
15330000 usd
CY2021 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
27887000 usd
CY2020 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 usd
CY2020 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
364000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
4977000 usd
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
3088000 usd
CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
29818000 usd
CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
CY2020 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
CY2022 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
20223000 usd
CY2021 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 usd
CY2020 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 usd
CY2022 lcid Proceeds From Failed Sale Leaseback Transaction
ProceedsFromFailedSaleLeasebackTransaction
31700000 usd
CY2021 lcid Proceeds From Failed Sale Leaseback Transaction
ProceedsFromFailedSaleLeasebackTransaction
0 usd
CY2020 lcid Proceeds From Failed Sale Leaseback Transaction
ProceedsFromFailedSaleLeasebackTransaction
0 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
17788000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
8132000 usd
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3285000 usd
CY2022 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 usd
CY2021 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
173273000 usd
CY2020 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 usd
CY2022 lcid Proceeds From Reverse Recapitalization
ProceedsFromReverseRecapitalization
0 usd
CY2021 lcid Proceeds From Reverse Recapitalization
ProceedsFromReverseRecapitalization
4439153000 usd
CY2020 lcid Proceeds From Reverse Recapitalization
ProceedsFromReverseRecapitalization
0 usd
CY2022 lcid Payment Of Reverse Recapitalization Transaction Costs
PaymentOfReverseRecapitalizationTransactionCosts
0 usd
CY2021 lcid Payment Of Reverse Recapitalization Transaction Costs
PaymentOfReverseRecapitalizationTransactionCosts
38865000 usd
CY2020 lcid Payment Of Reverse Recapitalization Transaction Costs
PaymentOfReverseRecapitalizationTransactionCosts
0 usd
CY2022 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
24562000 usd
CY2021 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
0 usd
CY2020 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
0 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
20716000 usd
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
218789000 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
22063000 usd
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1347235000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7136428000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1290545000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4560700000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5657602000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
260767000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6298020000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
640418000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
379651000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1737320000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6298020000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
640418000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
23199000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
627000 usd
CY2020 us-gaap Interest Paid Net
InterestPaidNet
51000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
480000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2022 lcid Change In Capital Expenditures Incurred But Not Yet Paid
ChangeInCapitalExpendituresIncurredButNotYetPaid
42728000 usd
CY2021 lcid Change In Capital Expenditures Incurred But Not Yet Paid
ChangeInCapitalExpendituresIncurredButNotYetPaid
101057000 usd
CY2020 lcid Change In Capital Expenditures Incurred But Not Yet Paid
ChangeInCapitalExpendituresIncurredButNotYetPaid
117946000 usd
CY2022 lcid Right Of Use Asset Obtained In Exchange For Lease Liability
RightOfUseAssetObtainedInExchangeForLeaseLiability
157894000 usd
CY2021 lcid Right Of Use Asset Obtained In Exchange For Lease Liability
RightOfUseAssetObtainedInExchangeForLeaseLiability
93771000 usd
CY2020 lcid Right Of Use Asset Obtained In Exchange For Lease Liability
RightOfUseAssetObtainedInExchangeForLeaseLiability
3289000 usd
CY2022 lcid Extinguishment Of Convertible Preferred Stock Included In Additional Paid In Capital
ExtinguishmentOfConvertiblePreferredStockIncludedInAdditionalPaidInCapital
0 usd
CY2021 lcid Extinguishment Of Convertible Preferred Stock Included In Additional Paid In Capital
ExtinguishmentOfConvertiblePreferredStockIncludedInAdditionalPaidInCapital
0 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
DESCRIPTION OF BUSINESS<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Overview</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Lucid Group, Inc. (“Lucid”) is a technology and automotive company focused on designing, developing, manufacturing, and selling the next generation of electric vehicles (“EV”), EV powertrains and battery systems.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Lucid was originally incorporated in Delaware on April 30, 2020 under the name Churchill Capital Corp IV (formerly known as Annetta Acquisition Corp) (“Churchill”) as a special purpose acquisition company with the purpose of effecting a merger with one or more operating businesses. On February 22, 2021, Churchill entered into a definitive merger agreement (the “Merger Agreement”) with Atieva, Inc. (“Legacy Lucid”) in which Legacy Lucid would become a wholly owned subsidiary of Churchill (the “Merger”). Upon the closing of the Merger on July 23, 2021 (the “Closing”), Churchill was immediately renamed to “Lucid Group, Inc.” The Merger between Churchill and Legacy Lucid was accounted for as a reverse recapitalization. See Note 3 “Reverse Recapitalization” for more information.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Throughout the notes to the consolidated financial statements, unless otherwise noted, the “Company,” “we,” “us” or “our” and similar terms refer to Legacy Lucid and its subsidiaries prior to the consummation of the Merger, and Lucid and its subsidiaries after the consummation of the Merger.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Liquidity</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company devotes its efforts to business planning, research and development, recruiting of management and technical staff, acquiring operating assets, and raising capital.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">From inception through December 31, 2022, the Company has incurred operating losses and negative cash flows from operating activities. For the years ended December 31, 2022, 2021 and 2020, the Company has incurred net losses of $1.3 billion, $2.6 billion and $719.4 million, respectively. The Company has an accumulated deficit of $7.4 billion as of December 31, 2022. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the quarter ended June 30, 2021, the Company completed the first phase of the construction of its Advanced Manufacturing Plant 1 in Casa Grande, Arizona (“AMP-1”). The Company began commercial production of its first vehicle, Lucid Air, in September 2021 and delivered its first vehicles in late October 2021. The Company continues to expand AMP-1, construct its planned Advanced Manufacturing Plant 2 in Saudi Arabia (“AMP-2”), and build a network of retail sales and service locations. The Company has plans for continued development of additional vehicle model types for future release. The aforementioned activities will require considerable capital, above and beyond the expected cash inflows from the initial sales of Lucid Air. As such, the future operating plan involves considerable risk if secure funding sources are not identified and confirmed.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s existing sources of liquidity include cash, cash equivalents, investments, credit facilities and equity offering. Historically, the Company funded operations primarily with issuances of convertible preferred stock and convertible notes. Upon the completion of the Merger, the Company received $4,400.3 million in cash proceeds, net of transaction costs. In December 2021, the Company issued an aggregate of $2,012.5 million principal amount of 1.25% convertible senior notes due in December 2026. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the year ended December 31, 2022, the Company entered into a loan agreement with the Saudi Industrial Development Fund (“SIDF”) with an aggregate principal amount of up to approximately $1.4 billion, revolving credit facilities with Gulf International Bank (“GIB”) in an aggregate principal amount of approximately $266.1 million and a new five-year senior secured asset-based revolving credit facility (“ABL Credit Facility”) with an initial aggregate principal commitment amount of up to $1.0 billion. See Note 6 “Debt” for more information. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On November 8, 2022, the Company entered into an equity distribution agreement (the “Equity Distribution Agreement”) with BofA Securities, Inc., Barclays Capital Inc. and Citigroup Global Markets Inc., under which the Company could offer and sell shares of its common stock having an aggregate offering price up to $600.0 million (the “At-the-Market Offering”). On November 8, 2022, the Company also entered into a subscription agreement (the “Subscription Agreement”) with Ayar Third Investment Company, the controlling stockholder of the Company (“Ayar”), pursuant to which Ayar agreed to purchase from the Company, up to $915.0 million of shares of its common stock in one or more private placements through March 31, 2023. In December 2022, the Company completed its At-the-Market Offering program pursuant to the Equity Distribution Agreement for net proceeds of $594.3 million after deducting commissions and other issuance costs and also consummated a private placement of shares to Ayar pursuant to the Subscription Agreement for $915.0 million. No shares remain available for sale under the Equity Distribution Agreement. See Note 11 “Stockholders’ Equity” for more information.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Certain Significant Risks and Uncertainties</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s current business activities consist of (i) generating sales from the deliveries and service of vehicles, (ii) research and development efforts to design, engineer and develop high-performance fully electric vehicles and advanced electric vehicle powertrain components, including battery pack systems, (iii) expanding production and manufacturing at existing manufacturing facilities in Casa Grande, Arizona, (iv) phase 2 of construction at AMP-1 in Casa Grande, Arizona, (v) the construction of AMP-2 in Saudi Arabia, and (vi) expansion of its retail studios and service centers capabilities throughout North America and across the globe. The Company is subject to the risks associated with such activities, including the need to further develop its technology, its marketing, and distribution channels; further develop its supply chain and manufacturing; and hire additional management and other key personnel. Successful completion of the Company’s development program and, ultimately, the attainment of profitable operations are dependent upon future events, including our ability to access potential markets, and secure long-term financing.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company participates in a dynamic high-technology industry. Changes in any of the following areas could have a material adverse impact on the Company’s future financial position, results of operations, and/or cash flows: changes in the overall demand for its products and services; advances and trends in new technologies; competitive pressures; acceptance of the Company’s products and services; litigation or claims against the Company based on intellectual property (including patents), regulatory, or other factors; and the Company’s ability to attract and retain employees necessary to support its growth.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A global economic recession or other downturn, whether due to inflation, ongoing conflict in Ukraine or other geopolitical events, COVID-19 or other public health crises, interest rate increases or other policy actions by major central banks, or other factors, may have an adverse impact on the Company’s business, prospects, financial condition and results of operations. Adverse economic conditions as well as uncertainty about the current and future global economic conditions may cause the Company’s customers to defer purchases or cancel their reservations and orders in response to higher interest rates, availability of consumer credit, decreased cash availability, fluctuations in foreign currency exchange rates, and weakened consumer confidence. Reduced demand for the Company’s products may result in significant decreases in product sales, which in turn would have a material adverse impact on the Company’s business, prospects, financial condition and results of operations. Because of the Company’s premium brand positioning and pricing, an economic downturn is likely to have a heightened adverse effect on the Company compared to many of its electric vehicle and traditional automotive industry competitors, to the extent that consumer demand for luxury goods is reduced in favor of lower-priced alternatives. In addition, any economic recession or other downturn could also cause logistical challenges and other operational risks if any of the Company’s suppliers, sub-suppliers or partners become insolvent or are otherwise unable to continue their operations, fulfill their obligations to the Company, or meet the Company’s future demand. In addition, the deterioration of conditions in global credit markets may limit the Company’s ability to obtain external financing to fund its operations and capital expenditures on terms favorable to the Company, if at all. See “Risk Factors” in Item 1A of Part I of this </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Annual Report </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">on Form 10-K (the “Annual Report”) for more information regarding risks associated with a global economic recession, including under the caption “</span><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">A global economic recession or other downturn may have a material adverse impact on our business, prospects, results of operations and financial condition</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">”</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The COVID-19 pandemic has impacted the global economy and caused significant macroeconomic uncertainty. Infection rates vary across the jurisdictions in which the Company operates. The Company has taken proactive action and expects to continue to implement appropriate measures to protect the health and safety of its employees, customers, partners and suppliers, consistent with the latest and evolving governmental guidelines. The Company continues to monitor the evolving situation and guidance from international and domestic authorities, including federal, state and local public health authorities, and may take additional actions based on their recommendations and requirements or as the Company otherwise sees fit to protect the health and safety of its employees, customers, partners and suppliers.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">While certain of the Company and its suppliers’ operations have from time-to-time been temporarily affected by government-mandated restrictions, the Company was able to commence and continue deliveries of Lucid Air to customers and to proceed with the construction of AMP-1 and AMP-2. Broader impacts of the pandemic have included inflationary pressure as well as ongoing, industry-wide challenges in logistics and supply chains, such as increased supplier lead times and ongoing constraints of semiconductor supply. Because the Company relies on third party suppliers for the development, manufacture, and/or provision and development of many of the key components and materials used in its vehicles, as well as provisioning and servicing equipment in its manufacturing facilities, the Company has been affected by inflation and such industry-wide challenges in logistics and supply chains. While the Company continues to focus on mitigating risks to its operations and supply chain in the current industry environment, the Company expects that these industry-wide trends will continue to impact its cost structure as well as its ability and the ability of its suppliers to obtain parts, components and manufacturing equipment on a timely basis for the foreseeable future.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the current circumstances, any impact on the Company’s financial condition, results of operations or cash flows in the future continues to be difficult to estimate and predict, as it depends on future events that are highly uncertain and cannot be predicted with accuracy. See “Risk Factors” in Item 1A of Part I of this </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Annual Report </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">for additional information regarding risks associated with the COVID-19 pandemic, including under the caption “</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">The COVID-19 pandemic has adversely affected, and we cannot predict its ultimate impact on, our business, prospects, results of operations and financial condition.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">”</span></div>
CY2020 lcid Extinguishment Of Convertible Preferred Stock Included In Additional Paid In Capital
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CY2022 lcid Extinguishment Of Convertible Preferred Stock Included In Accrued Liabilities
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CY2021 lcid Extinguishment Of Convertible Preferred Stock Included In Accrued Liabilities
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CY2020 lcid Extinguishment Of Convertible Preferred Stock Included In Accrued Liabilities
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CY2022 lcid Issuance Of Convertible Preferred Stock Upon Exercise Of Preferred Stock Warrants
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CY2021 lcid Issuance Of Convertible Preferred Stock Upon Exercise Of Preferred Stock Warrants
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CY2020 lcid Issuance Of Convertible Preferred Stock Upon Exercise Of Preferred Stock Warrants
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CY2022 lcid Issuance Of Convertible Preferred Share Contingent Forward Contracts
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CY2021 lcid Issuance Of Convertible Preferred Share Contingent Forward Contracts
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CY2020 lcid Issuance Of Convertible Preferred Share Contingent Forward Contracts
IssuanceOfConvertiblePreferredShareContingentForwardContracts
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CY2022 lcid Capital Contribution Upon Issuance Of Preferred Shares
CapitalContributionUponIssuanceOfPreferredShares
0 usd
CY2021 lcid Capital Contribution Upon Issuance Of Preferred Shares
CapitalContributionUponIssuanceOfPreferredShares
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CY2020 lcid Capital Contribution Upon Issuance Of Preferred Shares
CapitalContributionUponIssuanceOfPreferredShares
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CY2022 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
0 usd
CY2021 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
5836785000 usd
CY2020 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
0 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-1300000000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-2600000000 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-719400000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-7400000000 usd
CY2021Q3 lcid Proceeds From Reverse Recapitalization Net Of Transaction Costs
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CY2021Q3 lcid Proceeds From Reverse Recapitalization Net Of Transaction Costs
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4400300000 usd
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Significant estimates, assumptions and judgments made by management include, among others, inventory valuation, warranty reserve, the useful lives of property, plant and equipment, fair value of common stock warrants, fair value of contingent forward contracts liability, estimates of residual value guarantee (“RVG”) liability and deferred revenue related to over-the-air (“OTA”) software updates, fair value of common stock prior to the Merger and other assumptions used to measure stock-based compensation expense, and estimated incremental borrowing rates for assessing operating and financing leases. These estimates and assumptions are based on management’s best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, which management believes to be reasonable under the circumstances. The Company adjusts such estimates and assumptions when facts and circumstances dictate. Changes in those estimates resulting from continuing changes in the economic environment will be reflected in the financial statements in future periods.</span></div>
CY2022Q4 us-gaap Cash
Cash
1735765000 usd
CY2021Q4 us-gaap Cash
Cash
6262905000 usd
CY2020Q4 us-gaap Cash
Cash
614412000 usd
CY2022Q4 us-gaap Restricted Cash Current
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CY2021Q4 us-gaap Restricted Cash Current
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10740000 usd
CY2020Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
11278000 usd
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
0 usd
CY2021Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
24375000 usd
CY2020Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
14728000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1737320000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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640418000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentration of Credit Risk</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to concentration of credit risk consist of cash, cash equivalents, and investments. The Company places its cash primarily with domestic financial institutions that are federally insured within statutory limits, but at times its deposits may exceed federally insured limits.</span></div>
CY2022 us-gaap Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
Impairment of Long-Lived Assets<span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Long-lived assets, including property, plant and equipment and </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">right-of-use (“ROU”) assets </span>are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If circumstances require a long-lived asset or asset group be tested for potential impairment, the Company first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying amount. If the carrying amount of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, an impairment is recognized to the extent the carrying amount of the underlying asset exceeds its fair value.
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
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CY2022 lcid Number Of Performance Obligations
NumberOfPerformanceObligations
2 obligation
CY2022 lcid Basic Vehicle Warranty Term
BasicVehicleWarrantyTerm
P4Y
CY2022 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
WarrantiesThe Company provides a manufacturer’s warranty on all vehicles it sells and accrues a warranty reserve for warranty coverage, as applicable. These estimates are based on actual claims incurred to date and an estimate of the nature, frequency, and costs of future claims. The Company accrues a warranty reserve for all products sold which includes the Company’s best estimates of the projected costs to repair or replace items under warranties and recalls when identified. Changes to the Company’s historical or projected warranty experience may cause material changes to the warranty reserve in the future. The portion of the warranty reserve for costs expected to be incurred within the next 12 months is included within Other current liabilities, while the remaining balance is included within Other long-term liabilities in the consolidated balance sheets. The warranty expense is recorded as a component of Cost of revenue in the consolidated statements of operations and comprehensive loss.
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
451295965 shares
CY2021Q3 us-gaap Common Stock Shares Outstanding
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451295965 shares
CY2021Q3 lcid Reverse Recapitalization Conversion Price
ReverseRecapitalizationConversionPrice
10.00
CY2021Q3 lcid Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
2.644
CY2021Q3 lcid Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments And Options Outstanding Number
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42182931 shares
CY2021Q3 lcid Share Based Payment Award Equity Instruments And Options Converted Reverse Recapitalization
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CY2021Q3 lcid Reverse Recapitalization Conversion Price
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10.00
CY2021Q3 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
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CY2021Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
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CY2021Q3 us-gaap Common Stock Shares Outstanding
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451295965 shares
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
25764610 shares
CY2021Q3 lcid Share Based Payment Award Options Converted
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CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
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16418321 shares
CY2021Q3 lcid Share Based Payment Award Non Option Equity Instruments Converted Reverse Recapitalization
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CY2021Q3 lcid Proceeds From Reverse Recapitalization
ProceedsFromReverseRecapitalization
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CY2021Q3 us-gaap Proceeds From Issuance Of Private Placement
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2500000000 usd
CY2021Q3 lcid Reverse Recapitalization Working Capital Loan Converted Amount
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1500000 usd
CY2021Q3 us-gaap Debt Conversion Converted Instrument Warrants Or Options Issued1
DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1
1500000 shares
CY2021Q3 lcid Debt Conversion Converted Instrument Warrants Or Options Issued Price Per Warrant
DebtConversionConvertedInstrumentWarrantsOrOptionsIssuedPricePerWarrant
1.00
CY2021Q3 lcid Reverse Recapitalization Contingent Consideration Shares
ReverseRecapitalizationContingentConsiderationShares
17250000 shares
CY2021Q3 lcid Reverse Recapitalization Contingent Consideration Warrants
ReverseRecapitalizationContingentConsiderationWarrants
14783333 shares
CY2021Q3 lcid Reverse Recapitalization Conversion Price
ReverseRecapitalizationConversionPrice
10.00
CY2021Q3 lcid Stock Issued During Period Shares Reverse Recapitalization
StockIssuedDuringPeriodSharesReverseRecapitalization
425395023 shares
CY2021Q3 lcid Stock Converted Reverse Recapitalization
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1193226511 shares
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1618621534 shares
CY2021Q3 lcid Share Based Payment Award Equity Instruments And Options Converted Reverse Recapitalization
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111531080 shares
CY2021Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
85750000 shares
CY2021Q3 lcid Reverse Recapitalization Contingent Consideration Warrants
ReverseRecapitalizationContingentConsiderationWarrants
14783333 shares
CY2021Q3 lcid Cash Acquired Through Reverse Recapitalization
CashAcquiredThroughReverseRecapitalization
2070100000 usd
CY2021Q3 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
2500000000 usd
CY2021Q3 us-gaap Cash
Cash
400000 usd
CY2021Q3 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
200000 usd
CY2021Q3 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
21644 shares
CY2021Q3 lcid Reverse Recapitalization Transaction Costs Incurred
ReverseRecapitalizationTransactionCostsIncurred
38900000 usd
CY2021Q3 lcid Adjustments To Additional Paid In Capital Reduction For Reverse Recapitalization Transaction Costs
AdjustmentsToAdditionalPaidInCapitalReductionForReverseRecapitalizationTransactionCosts
36200000 usd
CY2021Q3 lcid Reverse Recapitalization Transaction Costs Expensed
ReverseRecapitalizationTransactionCostsExpensed
2700000 usd
CY2021Q3 lcid Proceeds From Reverse Recapitalization Net Of Transaction Costs
ProceedsFromReverseRecapitalizationNetOfTransactionCosts
4400300000 usd
CY2021Q3 lcid Proceeds From Reverse Recapitalization Net Of Transaction Costs
ProceedsFromReverseRecapitalizationNetOfTransactionCosts
4400300000 usd
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
464731000 usd
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
87646000 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
34311000 usd
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
30641000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
335359000 usd
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
8963000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
834401000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
127250000 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
569500000 usd
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
48900000 usd
CY2020 us-gaap Inventory Write Down
InventoryWriteDown
0 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
2439866000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
1268166000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
273090000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
86013000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
2166776000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
1182153000 usd
CY2022 lcid Depreciation And Amortization Excluding Debt Discounts And Insurance Premiums
DepreciationAndAmortizationExcludingDebtDiscountsAndInsurancePremiums
186600000 usd
CY2021 lcid Depreciation And Amortization Excluding Debt Discounts And Insurance Premiums
DepreciationAndAmortizationExcludingDebtDiscountsAndInsurancePremiums
62900000 usd
CY2020 lcid Depreciation And Amortization Excluding Debt Discounts And Insurance Premiums
DepreciationAndAmortizationExcludingDebtDiscountsAndInsurancePremiums
10200000 usd
CY2022Q4 lcid Engineering Design And Testing Liability Current
EngineeringDesignAndTestingLiabilityCurrent
28686000 usd
CY2021Q4 lcid Engineering Design And Testing Liability Current
EngineeringDesignAndTestingLiabilityCurrent
33950000 usd
CY2022Q4 us-gaap Construction Payable Current
ConstructionPayableCurrent
167462000 usd
CY2021Q4 us-gaap Construction Payable Current
ConstructionPayableCurrent
92590000 usd
CY2022Q4 lcid Accrued Unbilled Inventory Purchases
AccruedUnbilledInventoryPurchases
157162000 usd
CY2021Q4 lcid Accrued Unbilled Inventory Purchases
AccruedUnbilledInventoryPurchases
12225000 usd
CY2022Q4 lcid Tenant Improvement Liability Current
TenantImprovementLiabilityCurrent
9099000 usd
CY2021Q4 lcid Tenant Improvement Liability Current
TenantImprovementLiabilityCurrent
15796000 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
34951000 usd
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
13944000 usd
CY2022Q4 lcid Tooling Liability Current
ToolingLiabilityCurrent
21714000 usd
CY2021Q4 lcid Tooling Liability Current
ToolingLiabilityCurrent
23966000 usd
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
9595000 usd
CY2021Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
0 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11269000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11056000 usd
CY2022Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
194629000 usd
CY2021Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
114685000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
634567000 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
318212000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
243843000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
185323000 usd
CY2022Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
134369000 usd
CY2021Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
3252000 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
378212000 usd
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
188575000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
1282000 usd
CY2022 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
11557000 usd
CY2022 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
33224000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
22949000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
7500000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Amortized Cost Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
0 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
2181532000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
2177231000 usd
CY2022Q4 lcid Debt Securities Available For Sale Amortized Cost Maturity Allocated And Single Maturity Date After Year One Through Three
DebtSecuritiesAvailableForSaleAmortizedCostMaturityAllocatedAndSingleMaturityDateAfterYearOneThroughThree
537243000 usd
CY2022Q4 lcid Debt Securities Available For Sale Fair Value Maturity Allocated And Single Maturity Date After Year One Through Three
DebtSecuritiesAvailableForSaleFairValueMaturityAllocatedAndSingleMaturityDateAfterYearOneThroughThree
529974000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
2718775000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
2707205000 usd
CY2021 lcid Fair Value Adjustment Of Forward Contracts Indexed To Issuers Equity
FairValueAdjustmentOfForwardContractsIndexedToIssuersEquity
454500000 usd
CY2021Q2 us-gaap Share Price
SharePrice
23.78
CY2017Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
1546799 shares
CY2017Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.94
CY2021Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.94
CY2021Q1 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
3000000 usd
CY2021Q1 lcid Temporary Equity Stock Issued During Period Value Warrant Exercises
TemporaryEquityStockIssuedDuringPeriodValueWarrantExercises
12900000 usd
CY2021 lcid Reverse Recapitalization Contingent Consideration Warrants
ReverseRecapitalizationContingentConsiderationWarrants
14783333 shares
CY2021 lcid Reverse Recapitalization Contingent Consideration Warrants
ReverseRecapitalizationContingentConsiderationWarrants
14783333 shares
CY2021Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
0 shares
CY2022Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0 shares
CY2021Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0 shares
CY2022Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
0 shares
CY2020Q3 lcid Number Of Milestone Conditions Required To Receive Funding
NumberOfMilestoneConditionsRequiredToReceiveFunding
2 condition
CY2021Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1316758889 shares
CY2021Q1 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
1155909398 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q3 lcid Stock Issued During Period Shares Reverse Recapitalization
StockIssuedDuringPeriodSharesReverseRecapitalization
425395023 shares
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1618621534 shares
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q4 lcid Common Stock Voting Rights Number Of Votes Allowed For Each Share
CommonStockVotingRightsNumberOfVotesAllowedForEachShare
1 vote
CY2021Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
1 shares
CY2021Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
11.50
CY2021 lcid Class Of Warrant Or Right Number Of Warrants Exercised
ClassOfWarrantOrRightNumberOfWarrantsExercised
41034197 shares
CY2021 lcid Class Of Warrant Or Right Number Of Warrants Exercised In Noncash Transaction
ClassOfWarrantOrRightNumberOfWarrantsExercisedInNoncashTransaction
25966976 shares
CY2021 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
173300000 usd
CY2021 lcid Class Of Warrant Or Right Warrants Redeemed Or Called During Period Shares
ClassOfWarrantOrRightWarrantsRedeemedOrCalledDuringPeriodShares
365803 shares
CY2021Q4 lcid Class Of Warrant Or Right Redemption Price
ClassOfWarrantOrRightRedemptionPrice
0.01
CY2021 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
857825 shares
CY2021 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
24.15
CY2022 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2022Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
187585621 shares
CY2021 lcid Reverse Recapitalization Contingent Consideration Contingency Period
ReverseRecapitalizationContingentConsiderationContingencyPeriod
P5Y
CY2021 lcid Reverse Recapitalization Contingent Consideration Shares Issued And Outstanding
ReverseRecapitalizationContingentConsiderationSharesIssuedAndOutstanding
17250000 shares
CY2021 lcid Reverse Recapitalization Contingent Consideration Warrants Issued And Outstanding
ReverseRecapitalizationContingentConsiderationWarrantsIssuedAndOutstanding
14783333 shares
CY2021 lcid Reverse Recapitalization Contingent Consideration Warrants Target Share Price Threshold Trading Days
ReverseRecapitalizationContingentConsiderationWarrantsTargetSharePriceThresholdTradingDays
40 day
CY2021 lcid Reverse Recapitalization Contingent Consideration Warrants Target Share Price Threshold Consecutive Trading Days
ReverseRecapitalizationContingentConsiderationWarrantsTargetSharePriceThresholdConsecutiveTradingDays
60 day
CY2021 lcid Reverse Recapitalization Contingent Consideration Shares Vested
ReverseRecapitalizationContingentConsiderationSharesVested
17250000 shares
CY2021 lcid Reverse Recapitalization Contingent Consideration Warrants Vested
ReverseRecapitalizationContingentConsiderationWarrantsVested
14783333 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
64119902 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.08
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y7M6D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2370666000 usd
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
22519879 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.79
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
2588907 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
1.93
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
39011116 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.19
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y6M7D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
224721000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
29534568 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
1.03
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y1M20D
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
173872000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
475500000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
206700000 usd
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
8300000 usd
CY2021 lcid Share Based Compensation Arrangement By Share Based Payment Award Options Granted In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodFairValue
24000000 usd
CY2020 lcid Share Based Compensation Arrangement By Share Based Payment Award Options Granted In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodFairValue
14800000 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
5500000 usd
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
6200000 usd
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
3900000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
423500000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
516757000 usd
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4614000 usd
CY2022Q3 lcid Proceeds From Failed Sale Leaseback Transaction
ProceedsFromFailedSaleLeasebackTransaction
31700000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
215160000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
161974000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11269000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11056000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
243843000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
185323000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
255112000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
196379000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
90386000 usd
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
10567000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
90386000 usd
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
10567000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
10586000 usd
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
4183000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
81336000 usd
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
6083000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
91922000 usd
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
10266000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
44617000 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
31097000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
1712000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
2406000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
4812000 usd
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3020000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2453000 usd
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
460000 usd
CY2022 lcid Finance Lease Cost
FinanceLeaseCost
7265000 usd
CY2021 lcid Finance Lease Cost
FinanceLeaseCost
3480000 usd
CY2022 us-gaap Lease Cost
LeaseCost
53594000 usd
CY2021 us-gaap Lease Cost
LeaseCost
36983000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y7M6D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y9M18D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y6M
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y6M
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1052
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1098
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0557
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0558
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
15482000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
10019000 usd
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
509000 usd
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
460000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
4977000 usd
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
3088000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
73502000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
84078000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
84392000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
9693000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
38064000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
10937000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
54504000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
8340000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
53838000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
6619000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
50434000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
82488000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
44039000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
117000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
146784000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
37000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
387663000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
108538000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
132551000 usd
CY2022Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
16616000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
255112000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
91922000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11269000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
10586000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
243843000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
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