$NKLA
Nikola Corp

2020 Q2 Form 10-Q Financial Statement

#000173128920000012 Filed on August 04, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2019 Q1
Revenue $36.00K $13.00K $124.0K
YoY Change 176.92%
Cost Of Revenue $30.00K $24.00K $62.00K
YoY Change 25.0%
Gross Profit $6.000K -$11.00K $62.00K
YoY Change -154.55%
Gross Profit Margin 16.67% -84.62% 50.0%
Selling, General & Admin $44.10M $5.344M $6.501M
YoY Change 725.3% 26620.0%
% of Gross Profit 735066.67% 10485.48%
Research & Development $42.53M $11.85M $23.40M
YoY Change 258.74%
% of Gross Profit 708750.0% 37737.1%
Depreciation & Amortization $1.500M $200.0K
YoY Change 650.0%
% of Gross Profit 25000.0%
Operating Expenses $86.63M $17.20M $29.90M
YoY Change 403.72% 85890.0%
Operating Profit -$86.62M -$17.21M -$29.84M
YoY Change 403.36%
Interest Expense $22.00K $338.0K $333.0K
YoY Change -93.49% 3280.0%
% of Operating Profit
Other Income/Expense, Net -$23.00K $9.000K $1.000K
YoY Change -355.56%
Pretax Income -$86.64M -$16.76M -$30.10M
YoY Change 416.83% 167540.0%
Income Tax $1.000K $2.000K $2.000K
% Of Pretax Income
Net Earnings -$115.8M -$16.77M -$30.10M
YoY Change 590.58% 167560.0%
Net Earnings / Revenue -321616.67% -128969.23% -24271.77%
Basic Earnings Per Share -$0.43
Diluted Earnings Per Share -$0.43 $30.03K $27.33K
COMMON SHARES
Basic Shares Outstanding 303.8M shares
Diluted Shares Outstanding 303.8M shares

Balance Sheet

Concept 2020 Q2 2019 Q2 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $698.4M $800.0K $900.0K
YoY Change 87200.0% -38.46%
Cash & Equivalents $698.4M $103.7M $900.0K
Short-Term Investments
Other Short-Term Assets $64.60M $100.0K $100.0K
YoY Change 64500.0% 0.0%
Inventory
Prepaid Expenses
Receivables $424.0K
Other Receivables $0.00
Total Short-Term Assets $772.4M $900.0K $1.000M
YoY Change 85719.78% -35.71%
LONG-TERM ASSETS
Property, Plant & Equipment $59.86M
YoY Change
Goodwill $5.238M
YoY Change
Intangibles $62.48M
YoY Change
Long-Term Investments
YoY Change
Other Assets $14.76M $236.8M $236.6M
YoY Change -93.77% 1.89% 118200.0%
Total Long-Term Assets $152.7M $236.7M $236.6M
YoY Change -35.5% 1.85%
TOTAL ASSETS
Total Short-Term Assets $772.4M $900.0K $1.000M
Total Long-Term Assets $152.7M $236.7M $236.6M
Total Assets $925.0M $237.6M $237.6M
YoY Change 289.33% 1.63% 118700.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.600M $0.00 $100.0K
YoY Change 0.0%
Accrued Expenses $14.30M $200.0K $200.0K
YoY Change 7050.0%
Deferred Revenue $4.982M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $4.100M
YoY Change
Total Short-Term Liabilities $30.61M $200.0K $1.100M
YoY Change 15204.5% 450.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $11.76M
YoY Change
Total Long-Term Liabilities $11.76M $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $30.61M $200.0K $1.100M
Total Long-Term Liabilities $11.76M $0.00 $0.00
Total Liabilities $43.45M $300.0K $1.200M
YoY Change 14381.67% 500.0%
SHAREHOLDERS EQUITY
Retained Earnings -$308.3M
YoY Change
Common Stock $36.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $829.9M $142.0M $157.3M
YoY Change
Total Liabilities & Shareholders Equity $925.0M $237.6M $237.6M
YoY Change 289.33% 1.63% 118700.0%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2019 Q1
OPERATING ACTIVITIES
Net Income -$115.8M -$16.77M -$30.10M
YoY Change 590.58% 167560.0%
Depreciation, Depletion And Amortization $1.500M $200.0K
YoY Change 650.0%
Cash From Operating Activities -$45.02M -$1.330M -$300.0K
YoY Change 3284.96% 1109.09%
INVESTING ACTIVITIES
Capital Expenditures -$6.300M
YoY Change
Acquisitions
YoY Change
Other Investing Activities $1.250M -$40.00K
YoY Change -100.54%
Cash From Investing Activities -$245.2M $1.250M -$40.00K
YoY Change -19714.4% -100.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 668.9M 0.000 0.000
YoY Change -100.0% -100.0%
NET CHANGE
Cash From Operating Activities -45.02M -1.330M -300.0K
Cash From Investing Activities -245.2M 1.250M -40.00K
Cash From Financing Activities 668.9M 0.000 0.000
Net Change In Cash 378.7M -80.00K -340.0K
YoY Change -473462.5% -106.02% -1233.33%
FREE CASH FLOW
Cash From Operating Activities -$45.02M -$1.330M -$300.0K
Capital Expenditures -$6.300M
Free Cash Flow -$38.72M
YoY Change

Facts In Submission

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CY2020Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
881595000 USD
us-gaap Net Income Loss
NetIncomeLoss
-119806000 USD
CY2019Q1 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0 shares
CY2019Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
157296000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
1434000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-16766000 USD
CY2019Q2 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0 shares
CY2019Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
141964000 USD
CY2018Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0 shares
CY2018Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
186240000 USD
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
2587000 USD
us-gaap Net Income Loss
NetIncomeLoss
-46863000 USD
CY2019Q2 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0 shares
CY2019Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
141964000 USD
us-gaap Net Income Loss
NetIncomeLoss
-46863000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2812000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
446000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
39540000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2587000 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
495000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
4000 USD
nkla Non Cash In Kind Services
NonCashInKindServices
17241000 USD
nkla Non Cash In Kind Services
NonCashInKindServices
0 USD
nkla Gain Loss On Financial Instruments Subject To Mandatory Redemption
GainLossOnFinancialInstrumentsSubjectToMandatoryRedemption
-1324000 USD
nkla Gain Loss On Financial Instruments Subject To Mandatory Redemption
GainLossOnFinancialInstrumentsSubjectToMandatoryRedemption
0 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-346000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
206000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
1204000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
816000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
9068000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-5336000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
4892000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
0 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
0 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-107000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-45785000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-49796000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
3857000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
4311000 USD
nkla Payments For Deposits On Property And Equipment
PaymentsForDepositsOnPropertyAndEquipment
2446000 USD
nkla Payments For Deposits On Property And Equipment
PaymentsForDepositsOnPropertyAndEquipment
4288000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
0 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
11826000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6303000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-20425000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
50349000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
nkla Proceeds From Recapitalization Transaction
ProceedsFromRecapitalizationTransaction
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1884000 USD
nkla Proceeds From Recapitalization Transaction
ProceedsFromRecapitalizationTransaction
616736000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
nkla Proceeds From Finance Lease
ProceedsFromFinanceLease
889000 USD
nkla Proceeds From Finance Lease
ProceedsFromFinanceLease
0 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
320000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
4134000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
4134000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
669538000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
0 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
617450000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-70221000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
89832000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
173956000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
707282000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
103735000 USD
us-gaap Interest Paid Net
InterestPaidNet
425000 USD
us-gaap Interest Paid Net
InterestPaidNet
59000 USD
nkla Interest Received
InterestReceived
479000 USD
nkla Interest Received
InterestReceived
721000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1371000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
13229000 USD
nkla Noncash Prepaid In Kind Services
NoncashPrepaidInKindServices
74758000 USD
nkla Noncash Prepaid In Kind Services
NoncashPrepaidInKindServices
0 USD
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
295000 USD
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
0 USD
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash, cash equivalents, restricted cash and cash equivalents, and accounts receivable. The Company's cash is placed with high-credit-quality financial institutions and issuers, and at times exceed federally insured limits. The Company limits its concentration of risk in cash equivalents by diversifying its investments among a variety of industries and issuers. The Company has not experienced any credit loss relating to its cash equivalents.
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
698400000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
85700000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
698386000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
85688000 USD
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
8896000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
0 USD
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
0 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
4144000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
707282000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
89832000 USD
CY2020Q2 nkla Conversion Of Stock Shares Issued Conversion Rate
ConversionOfStockSharesIssuedConversionRate
1.901
CY2020Q2 nkla Common Stock And Preferred Stock Shares Authorized
CommonStockAndPreferredStockSharesAuthorized
750000000 shares
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
600000000 shares
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2020Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
150000000 shares
CY2020Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
525000000 USD
us-gaap Repayments Of Assumed Debt
RepaymentsOfAssumedDebt
422000 USD
nkla Proceeds From Recapitalization Transaction
ProceedsFromRecapitalizationTransaction
616736000 USD
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
295000 USD
nkla Cash Recapitalization Net
CashRecapitalizationNet
616220000 USD
CY2020Q2 nkla Shares Issued During Period Shares Recapitalization
SharesIssuedDuringPeriodSharesRecapitalization
72272942 shares
CY2020Q2 nkla Common Stock Shares Outstanding Prior To Conversion
CommonStockSharesOutstandingPriorToConversion
288631536 shares
CY2020Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
360904478 shares
CY2020Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
151831441 shares
CY2020Q2 nkla Conversion Of Stock Shares Issued Conversion Rate
ConversionOfStockSharesIssuedConversionRate
1.901
CY2020Q2 us-gaap Supplies
Supplies
1859000 USD
CY2019Q4 us-gaap Supplies
Supplies
1872000 USD
CY2020Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
2813000 USD
CY2019Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
2551000 USD
CY2020Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4672000 USD
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4423000 USD
CY2020Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
66136000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
56878000 USD
CY2020Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6280000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3500000 USD
CY2020Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
59856000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
53378000 USD
CY2020Q2 us-gaap Depreciation
Depreciation
1400000 USD
CY2019Q2 us-gaap Depreciation
Depreciation
200000 USD
us-gaap Depreciation
Depreciation
2800000 USD
us-gaap Depreciation
Depreciation
400000 USD
CY2020Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1909000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1385000 USD
CY2020Q2 nkla Accrued Stock Issuance Costs Current
AccruedStockIssuanceCostsCurrent
295000 USD
CY2019Q4 nkla Accrued Stock Issuance Costs Current
AccruedStockIssuanceCostsCurrent
4695000 USD
CY2020Q2 nkla Accrued Outsourced Engineering Services Current
AccruedOutsourcedEngineeringServicesCurrent
7732000 USD
CY2019Q4 nkla Accrued Outsourced Engineering Services Current
AccruedOutsourcedEngineeringServicesCurrent
3205000 USD
CY2020Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3311000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1480000 USD
CY2020Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
705000 USD
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
660000 USD
CY2020Q2 nkla Accrued Liabilities And Other Liabilities Current
AccruedLiabilitiesAndOtherLiabilitiesCurrent
13952000 USD
CY2019Q4 nkla Accrued Liabilities And Other Liabilities Current
AccruedLiabilitiesAndOtherLiabilitiesCurrent
11425000 USD
CY2020Q2 nkla Common Stock And Preferred Stock Shares Authorized
CommonStockAndPreferredStockSharesAuthorized
750000000 shares
CY2020Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
62654000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
173000 USD
CY2020Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
62481000 USD
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
62654000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
141000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
62513000 USD
CY2020Q2 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
13400000 USD
us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
13400000 USD
CY2020Q2 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
13400000 USD
us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
13400000 USD
CY2020Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
4100000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4100000 USD
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
600000000 shares
CY2020Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
150000000 shares
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
20000000 shares
CY2020Q2 nkla Share Based Compensation Arrangement By Share Based Payment Award Maximum Period Of Annual Share Authorization Increases
ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumPeriodOfAnnualShareAuthorizationIncreases
P10Y
CY2020Q2 nkla Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized Maximum Annual Percentage Increase
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorizedMaximumAnnualPercentageIncrease
0.025
CY2020Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
3600000 USD
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
40012825 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.08
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y9M10D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1582496 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
5.30
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1786912 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.05
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
91330 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
1.65
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
39717079 shares
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.25
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y4M2D
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
36696437 shares
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
1.19
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P8Y3M21D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.20
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1786912 shares
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1900000 USD
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
8100000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
38227000 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1434000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
39540000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2587000 USD
CY2020Q2 us-gaap Professional Fees
ProfessionalFees
3000000.0 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-86643000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-16766000 USD
us-gaap Net Income Loss
NetIncomeLoss
-119806000 USD
us-gaap Net Income Loss
NetIncomeLoss
-46863000 USD
CY2020Q2 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
13407000 USD
CY2019Q2 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0 USD
us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
13407000 USD
us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-100050000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-100050000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-16766000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-16766000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-133213000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-133213000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-46863000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-46863000 USD
CY2020Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
303785616 shares
CY2019Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
260406343 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
287822558 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
260406343 shares
CY2020Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.33
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.06
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.46
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.18
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
82126079 shares
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
39214816 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
82126079 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
39214816 shares

Files In Submission

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0001731289-20-000012-index-headers.html Edgar Link pending
0001731289-20-000012-index.html Edgar Link pending
0001731289-20-000012.txt Edgar Link pending
0001731289-20-000012-xbrl.zip Edgar Link pending
exhibit311.htm Edgar Link pending
exhibit312.htm Edgar Link pending
exhibit321.htm Edgar Link pending
exhibit322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
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nkla-20200630.htm Edgar Link pending
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nkla-20200630_cal.xml Edgar Link unprocessable
nkla-20200630_def.xml Edgar Link unprocessable
nkla-20200630_htm.xml Edgar Link completed
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nkla-20200630_pre.xml Edgar Link unprocessable
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