$WULF
TERAWULF INC.

2022 Q4 Form 10-Q Financial Statement

#000108330122000048 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $9.567M $3.864M
YoY Change -18.54%
Cost Of Revenue $5.279M $5.181M
YoY Change 63.89%
Gross Profit $4.288M -$1.317M
YoY Change -183.24%
Gross Profit Margin 44.82% -34.08%
Selling, General & Admin $11.61M $5.934M
YoY Change -72.03% 160.94%
% of Gross Profit 270.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.948M $1.515M
YoY Change 842.75%
% of Gross Profit 115.39%
Operating Expenses $17.34M $12.06M
YoY Change -58.43% 400.57%
Operating Profit -$13.06M -$13.37M
YoY Change -68.71% 1518.01%
Interest Expense -$7.988M $7.230M
YoY Change 254.24% 7019317.48%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$23.43M -$20.60M
YoY Change -46.72% 2392.45%
Income Tax $0.00 -$256.0K
% Of Pretax Income
Net Earnings -$25.20M -$33.99M
YoY Change -72.74% 3890.44%
Net Earnings / Revenue -263.44% -879.61%
Basic Earnings Per Share -$0.32
Diluted Earnings Per Share -$0.19 -$0.32
COMMON SHARES
Basic Shares Outstanding 128.4M 106.7M
Diluted Shares Outstanding 108.8M

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.279M $4.466M
YoY Change -97.06% 197.56%
Cash & Equivalents $1.279M $4.466M
Short-Term Investments
Other Short-Term Assets $543.0K $1.174M
YoY Change 402.78% 539.71%
Inventory
Prepaid Expenses $5.095M $3.140M
Receivables
Other Receivables
Total Short-Term Assets $14.14M $16.11M
YoY Change -79.22% 208.86%
LONG-TERM ASSETS
Property, Plant & Equipment $191.5M $202.1M
YoY Change 109.44% 2815.42%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $98.74M $76.73M
YoY Change -5.31%
Other Assets $1.337M $2.710M
YoY Change 1126.61%
Total Long-Term Assets $303.5M $293.8M
YoY Change 54.19% 3999.48%
TOTAL ASSETS
Total Short-Term Assets $14.14M $16.11M
Total Long-Term Assets $303.5M $293.8M
Total Assets $317.7M $309.9M
YoY Change 19.92% 2402.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.86M $18.28M
YoY Change 85.41% 1031.16%
Accrued Expenses $17.91M $15.03M
YoY Change 131.04% 2480.35%
Deferred Revenue
YoY Change
Short-Term Debt $3.416M $11.93M
YoY Change
Long-Term Debt Due $51.94M $34.63M
YoY Change
Total Short-Term Liabilities $126.0M $105.6M
YoY Change 174.81% 4701.84%
LONG-TERM LIABILITIES
Long-Term Debt $72.97M $81.51M
YoY Change -22.89%
Other Long-Term Liabilities $947.0K $958.0K
YoY Change -4.54%
Total Long-Term Liabilities $72.97M $81.51M
YoY Change -22.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $126.0M $105.6M
Total Long-Term Liabilities $72.97M $81.51M
Total Liabilities $199.9M $188.0M
YoY Change 41.06% 8453.11%
SHAREHOLDERS EQUITY
Retained Earnings -$186.5M -$162.1M
YoY Change 94.91% -2415.01%
Common Stock $145.0K $115.0K
YoY Change 45.0% -96.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $117.8M $121.8M
YoY Change
Total Liabilities & Shareholders Equity $317.7M $309.9M
YoY Change 19.92% 2402.91%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$25.20M -$33.99M
YoY Change -72.74% 3890.44%
Depreciation, Depletion And Amortization $4.948M $1.515M
YoY Change 842.75%
Cash From Operating Activities -$1.059M -$3.241M
YoY Change -95.71% 318.68%
INVESTING ACTIVITIES
Capital Expenditures $10.57M -$11.31M
YoY Change -112.38% -339769.67%
Acquisitions
YoY Change
Other Investing Activities -$8.409M $11.93M
YoY Change -90.89% 248379.17%
Cash From Investing Activities -$18.98M $616.0K
YoY Change -89.32% 7476.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 16.63M 13.43M
YoY Change -93.21% 225302.68%
NET CHANGE
Cash From Operating Activities -1.059M -3.241M
Cash From Investing Activities -18.98M 616.0K
Cash From Financing Activities 16.63M 13.43M
Net Change In Cash -3.408M 10.81M
YoY Change -108.05% -1522.22%
FREE CASH FLOW
Cash From Operating Activities -$1.059M -$3.241M
Capital Expenditures $10.57M -$11.31M
Free Cash Flow -$11.63M $8.070M
YoY Change -119.16% -1138.04%

Facts In Submission

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TERAWULF INC.
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100
CY2022Q3 wulf Cryptocurrency Load Deployment Threshold For Share Based Compensation
CryptocurrencyLoadDeploymentThresholdForShareBasedCompensation
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0001083301-22-000048-index-headers.html Edgar Link pending
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wulf-20220930_lab.xml Edgar Link unprocessable
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