$WULF
TERAWULF INC.

2022 Q3 Form 10-Q Financial Statement

#000108330122000023 Filed on August 16, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $3.864M $1.385M $0.00
YoY Change -18.54% -67.42% -100.0%
Cost Of Revenue $5.181M $591.0K $0.00
YoY Change 63.89% -79.06% -100.0%
Gross Profit -$1.317M $794.0K $0.00
YoY Change -183.24% -44.45% -100.0%
Gross Profit Margin -34.08% 57.33%
Selling, General & Admin $5.934M $4.334M $41.51M
YoY Change 160.94% 70.76% 3829.2%
% of Gross Profit 545.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.515M $200.0K
YoY Change 842.75% -18.16%
% of Gross Profit 25.19%
Operating Expenses $12.06M $8.610M $41.72M
YoY Change 400.57% 101.78% 3357.7%
Operating Profit -$13.37M -$7.816M -$41.72M
YoY Change 1518.01% 83.17% -14662.49%
Interest Expense $7.230M $4.139M -$2.255M
YoY Change 7019317.48% 4917.09% 14118.16%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$20.60M -$11.96M -$43.98M
YoY Change 2392.45% 1557.07% -3061.1%
Income Tax -$256.0K $0.00 -$615.0K
% Of Pretax Income
Net Earnings -$33.99M -$13.67M -$92.47M
YoY Change 3890.44% 210.17% -6419.69%
Net Earnings / Revenue -879.61% -986.93%
Basic Earnings Per Share -$0.32 -$0.14
Diluted Earnings Per Share -$0.32 -$0.10 -$1.106M
COMMON SHARES
Basic Shares Outstanding 106.7M 104.1M 1.982M
Diluted Shares Outstanding 108.8M 104.1M

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.466M $921.0K $43.45M
YoY Change 197.56% -59.26% 1076.23%
Cash & Equivalents $4.466M $921.0K $43.45M
Short-Term Investments
Other Short-Term Assets $1.174M $446.0K $108.0K
YoY Change 539.71% 173.97% -14.27%
Inventory
Prepaid Expenses $3.140M $4.358M $1.494M
Receivables
Other Receivables
Total Short-Term Assets $16.11M $21.57M $68.05M
YoY Change 208.86% 277.62% 772.08%
LONG-TERM ASSETS
Property, Plant & Equipment $202.1M $154.1M $91.45M
YoY Change 2815.42% 2075.26% 1137.7%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $76.73M $140.1M $104.3M
YoY Change
Other Assets $2.710M $2.411M $109.0K
YoY Change
Total Long-Term Assets $293.8M $297.6M $196.9M
YoY Change 3999.48% 3959.6% 2479.41%
TOTAL ASSETS
Total Short-Term Assets $16.11M $21.57M $68.05M
Total Long-Term Assets $293.8M $297.6M $196.9M
Total Assets $309.9M $319.1M $264.9M
YoY Change 2402.91% 2346.84% 1616.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.28M $13.41M $11.79M
YoY Change 1031.16% 781.03% 2464.15%
Accrued Expenses $15.03M $9.780M $7.751M
YoY Change 2480.35% 1626.94% 1630.83%
Deferred Revenue
YoY Change
Short-Term Debt $11.93M $14.69M $0.00
YoY Change
Long-Term Debt Due $34.63M $15.44M
YoY Change
Total Short-Term Liabilities $105.6M $97.52M $45.86M
YoY Change 4701.84% 4570.51% 1175.2%
LONG-TERM LIABILITIES
Long-Term Debt $81.51M $85.39M $94.63M
YoY Change
Other Long-Term Liabilities $958.0K $947.0K $992.0K
YoY Change
Total Long-Term Liabilities $81.51M $85.39M $94.63M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $105.6M $97.52M $45.86M
Total Long-Term Liabilities $81.51M $85.39M $94.63M
Total Liabilities $188.0M $184.1M $141.7M
YoY Change 8453.11% 8717.71% 3841.32%
SHAREHOLDERS EQUITY
Retained Earnings -$162.1M -$127.8M -$95.68M
YoY Change -2415.01% -1727.22% -1175.36%
Common Stock $115.0K $105.0K $100.0K
YoY Change -96.38% -96.61% -96.6%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $121.8M $135.0M $123.2M
YoY Change
Total Liabilities & Shareholders Equity $309.9M $319.1M $264.9M
YoY Change 2402.91% 2346.84% 1616.26%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income -$33.99M -$13.67M -$92.47M
YoY Change 3890.44% 210.17% -6419.69%
Depreciation, Depletion And Amortization $1.515M $200.0K
YoY Change 842.75% -18.16%
Cash From Operating Activities -$3.241M -$8.257M -$24.66M
YoY Change 318.68% -1553.16% -10763.87%
INVESTING ACTIVITIES
Capital Expenditures -$11.31M -$17.75M -$85.35M
YoY Change -339769.67% 87684.37% 4399297.94%
Acquisitions
YoY Change
Other Investing Activities $11.93M -$17.38M -$92.35M
YoY Change 248379.17%
Cash From Investing Activities $616.0K -$35.13M -$177.7M
YoY Change 7476.88% 173624.04% 9159390.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 13.43M 40.72M 244.7M
YoY Change 225302.68% -1599.59% -672370.85%
NET CHANGE
Cash From Operating Activities -3.241M -8.257M -24.66M
Cash From Investing Activities 616.0K -35.13M -177.7M
Cash From Financing Activities 13.43M 40.72M 244.7M
Net Change In Cash 10.81M -2.664M 42.35M
YoY Change -1522.22% 22.91% 21847.65%
FREE CASH FLOW
Cash From Operating Activities -$3.241M -$8.257M -$24.66M
Capital Expenditures -$11.31M -$17.75M -$85.35M
Free Cash Flow $8.070M $9.493M $60.68M
YoY Change -1138.04% 1513.28% 25918.89%

Facts In Submission

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TERAWULF INC.
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Use of Estimates in the Financial Statements</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates are used for (but are not limited to) such items as the fair values of assets acquired and liabilities assumed in business combinations, the fair value of contingent consideration issued in a business combination, the establishment of useful lives for property, plant and equipment and intangible assets, the impairment of goodwill and held for sale assets, the fair value of equity securities issued as a component of a debt offering, the fair value of stock-based compensation, the fair value of assets received in non-monetary transactions, the establishment of right-of-use assets and lease liabilities that arise from leasing arrangements, the timing of commencement of capitalization for plant and equipment, recoverability of deferred tax assets and the recording of various accruals. These estimates are made after considering past and current events and assumptions about future events. Actual results could differ from those estimates.</p>
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report.css Edgar Link pending
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wulf-20220630x10q.htm Edgar Link pending
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wulf-20220630_def.xml Edgar Link unprocessable
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wulf-20220630x10q_htm.xml Edgar Link completed
wulf-20220630_cal.xml Edgar Link unprocessable