Balance Sheet Lotus Technology Inc.

Equities

LOT

US54572F1012

Auto & Truck Manufacturers

End-of-day quote Nasdaq Other stock markets 06/09/2024			5-day change	1st Jan Change
5.180 ^USD	+5.93%		-6.16%	0.00%

09-06	Deutsche Bank Adjusts Lotus Technology Price Target to $5 From $10, Maintains Hold Rating	MT
08-30	Lotus Technology Awarded Gulf Cooperation Council Marketing Certification for Eletre SUV and Emeya GT Sedan	MT

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Published financial data: LOTUS TECHNOLOGY INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023
Revenues	3.69M	9.56M	679M
Total Revenues	3.69M	9.56M	679M
Cost of Goods Sold, Total	3.13M	7.25M	577M
Gross Profit	557K	2.31M	102M
Selling General & Admin Expenses, Total	92.83M	300M	473M
R&D Expenses	511M	446M	369M
Other Operating Expenses	-491M	-55.82M	-4.08M
Other Operating Expenses, Total	113M	690M	838M
Operating Income	-113M	-687M	-736M
Interest Expense, Total	-3.62M	-8.54M	-10.2M
Interest And Investment Income	8.45M	12.19M	9.2M
Net Interest Expenses	4.83M	3.65M	-996K
Income (Loss) On Equity Invest.	-	-2.76M	-1.05M
Currency Exchange Gains (Loss)	798K	-11.5M	42K
Other Non Operating Income (Expenses)	-1.37M	-22.99M	-10.04M
EBT, Excl. Unusual Items	-109M	-721M	-748M
Gain (Loss) On Sale Of Investments	-	-3.25M	-1.16M
EBT, Incl. Unusual Items	-109M	-724M	-749M
Income Tax Expense	1.85M	292K	1.11M
Earnings From Continuing Operations	-111M	-725M	-750M
Net Income to Company	-111M	-725M	-750M
Minority Interest	-	642K	8.25M
Net Income - (IS)	-111M	-724M	-742M
Preferred Dividend and Other Adjustments	-	-	15.12M
Net Income to Common Incl Extra Items	-111M	-724M	-757M
Net Income to Common Excl. Extra Items	-111M	-724M	-757M
Per Share Items
Net EPS - Basic	-0.07	-0.34	-1.6
Basic EPS - Continuing Operations	-0.07	-0.34	-1.6
Basic Weighted Average Shares Outstanding	1.51B	2.15B	475M
Net EPS - Diluted	-0.07	-0.34	-1.6
Diluted EPS - Continuing Operations	-0.07	-0.34	-1.6
Diluted Weighted Average Shares Outstanding	1.51B	2.15B	475M
Normalized Basic EPS	-0.05	-0.21	-0.97
Normalized Diluted EPS	-0.05	-0.21	-0.97
Payout Ratio	-1.7	-	-
American Depositary Receipts Ratio (ADR)	1	1	1
Supplemental Items
EBITDA	-111M	-675M	-681M
EBITA	-113M	-687M	-736M
EBIT	-113M	-687M	-736M
EBITDAR	-103M	-650M	-649M
Total Revenues (As Reported)	3.69M	9.56M	679M
Effective Tax Rate - (Ratio)	-1.7	-0.04	-0.15
Current Domestic Taxes	852K	73K	727K
Current Foreign Taxes	785K	219K	386K
Total Current Taxes	1.64M	292K	1.11M
Deferred Foreign Taxes	216K	-	-
Total Deferred Taxes	216K	-	-
Normalized Net Income	-67.92M	-450M	-459M
Interest on Long-Term Debt	-	90K	-
Supplemental Operating Expense Items
Advertising Expense	21.21M	90.43M	151M
Selling and Marketing Expenses	38.07M	151M	329M
General and Administrative Expenses	54.76M	148M	145M
Research And Development Expense From Footnotes	511M	446M	369M
Net Rental Expense, Total	7.47M	24.34M	32.24M
Imputed Operating Lease Interest Expense	-	3.79M	3.39M
Imputed Operating Lease Depreciation	-	20.55M	28.85M
Stock-Based Comp., G&A Exp. (Total)	-	10.62M	-
Total Stock-Based Compensation	-	10.62M	-

Fiscal Period: December	2021	2022	2023
Assets
Cash And Equivalents	531M	737M	419M
Short Term Investments	969K	3.75M	4M
Total Cash And Short Term Investments	532M	740M	423M
Accounts Receivable, Total	5.88M	8.54M	99.09M
Other Receivables	427M	244K	4.27M
Notes Receivable	-	2.37M	3.01M
Total Receivables	433M	11.16M	106M
Inventory	1.98M	28.82M	287M
Prepaid Expenses	-	-	59K
Restricted Cash	-	2.39M	7.87M
Other Current Assets, Total	58.04M	40.74M	59.88M
Total Current Assets	1.03B	823M	884M
Gross Property Plant And Equipment	170M	428M	594M
Accumulated Depreciation	-2.98M	-15.46M	-66.26M
Net Property Plant And Equipment	167M	412M	528M
Long-term Investments	-	8.65M	7.79M
Other Intangibles, Total	116M	116M	116M
Other Long-Term Assets, Total	8.19M	11.28M	49.09M
Total Assets	1.32B	1.37B	1.58B
Liabilities
Accounts Payable, Total	158M	179M	605M
Accrued Expenses, Total	90.12M	206M	250M
Short-term Borrowings	161M	39.77M	247M
Current Portion of Long-Term Debt	-	355M	379M
Current Portion of Leases	10.29M	15.83M	17.6M
Unearned Revenue Current, Total	6K	7.85M	44.18M
Other Current Liabilities	312M	129M	214M
Total Current Liabilities	732M	933M	1.76B
Long-Term Debt	-	149M	157M
Long-Term Leases	47.64M	98.96M	104M
Unearned Revenue Non Current	342M	258M	276M
Deferred Tax Liability Non Current	141K	126K	-
Other Non Current Liabilities	251K	17.58M	117M
Total Liabilities	1.12B	1.46B	2.41B
Preferred Stock Convertible	-	368M	384M
Total Preferred Equity	-	368M	384M
Common Stock, Total	22K	21K	21K
Additional Paid In Capital	424M	403M	358M
Retained Earnings	-123M	-847M	-1.59B
Comprehensive Income and Other	-106M	-8.74M	25.27M
Total Common Equity	195M	-452M	-1.21B
Minority Interest	-	-642K	-5.4M
Total Equity	195M	-84.61M	-827M
Total Liabilities And Equity	1.32B	1.37B	1.58B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.17B	2.14B	677M
ECS Total Common Shares Outstanding	2.17B	2.14B	475M
Book Value / Share	0.09	-0.21	-2.54
Tangible Book Value	79.2M	-569M	-1.32B
Tangible Book Value Per Share	0.04	-0.27	-2.78
Total Debt	219M	658M	905M
Net Debt	-313M	-90.32M	478M
Debt Equivalent Oper. Leases	59.74M	195M	258M
Minority Interest, Total (Incl. Fin. Div)	-	-642K	-5.4M
Account Code - Inventory Valuation	6	6	6
Inventories - Finished Goods, Total	-	22.7M	265M
Machinery, Total	15.86M	130M	194M
Full Time Employees	-	2.91K	3.18K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	383K

Fiscal Period: December	2021	2022	2023
Net Income	-111M	-724M	-742M
Depreciation & Amortization - CF	2.06M	12.79M	54.96M
Depreciation & Amortization, Total	2.06M	12.79M	54.96M
Minority Interest in Earnings - (CF)	1.37M	22.99M	7.53M
(Income) Loss On Equity Investments - (CF)	-	2.76M	1.05M
Stock-Based Compensation (CF)	-	10.62M	-
Provision and Write-off of Bad Debts	-	-	389K
Other Operating Activities, Total	-484M	-18.58M	26.92M
Change In Accounts Receivable	-89K	-2.98M	-89.62M
Change In Inventories	-1.96M	-21.63M	-235M
Change In Accounts Payable	-	7.56M	356M
Change in Unearned Revenues	1.93M	6.29M	42.39M
Change in Other Net Operating Assets	465M	353M	190M
Cash from Operations	-127M	-351M	-387M
Capital Expenditure	-34.59M	-133M	-214M
Sale of Property, Plant, and Equipment	14K	1.07M	5.12M
Divestitures	-	-	1.38M
Investment in Marketable and Equity Securities, Total	-	-14.19M	-5.88M
Other Investing Activities, Total	279M	-2.95M	15.12M
Cash from Investing	244M	-149M	-198M
Short Term Debt Issued, Total	148M	28.17M	481M
Long-Term Debt Issued, Total	-	454M	53.18M
Total Debt Issued	148M	482M	534M
Short Term Debt Repaid, Total	-	-9.84M	-273M
Long-Term Debt Repaid, Total	-	-57.43M	-5.65M
Total Debt Repaid	-	-67.27M	-279M
Issuance of Common Stock	214M	-	-
Issuance of Preferred Stock	-	346M	-
Common Dividends Paid	-1.88M	-	-
Common & Preferred Stock Dividends Paid	-1.88M	-	-
Other Financing Activities, Total	4.64M	-3.13M	28.9M
Cash from Financing	365M	758M	285M
Foreign Exchange Rate Adjustments	2.94M	-49.22M	-12.19M
Net Change in Cash	486M	208M	-312M
Supplemental Items
Cash Interest Paid	-	471K	8.09M
Cash Income Tax Paid (Refund)	32K	1.63M	1.11M
Levered Free Cash Flow	-	-173M	-422M
Unlevered Free Cash Flow	-	-168M	-415M
Change In Net Working Capital	-	-372M	-203M
Net Debt Issued / Repaid	148M	415M	256M

Fiscal Period: December	2021	2022	2023
Profitability
Return on Assets	-	-31.95	-31.11
Return on Total Capital	-	-86.95	-143.65
Return On Equity %	-	-1.31K	164.57
Return on Common Equity	-	563.25	91.35
Margin Analysis
Gross Profit Margin %	15.11	24.14	15.05
SG&A Margin	2.52K	3.14K	69.73
EBITDA Margin %	-3.01K	-7.06K	-100.29
EBITA Margin %	-3.06K	-7.19K	-108.38
EBIT Margin %	-3.06K	-7.19K	-108.38
Income From Continuing Operations Margin %	-3K	-7.58K	-110.49
Net Income Margin %	-3K	-7.57K	-109.28
Net Avail. For Common Margin %	-3K	-7.57K	-111.5
Normalized Net Income Margin	-1.84K	-4.71K	-67.63
Levered Free Cash Flow Margin	-	-1.81K	-62.11
Unlevered Free Cash Flow Margin	-	-1.76K	-61.17
Asset Turnover
Asset Turnover	-	0.01	0.46
Fixed Assets Turnover	-	0.03	1.44
Receivables Turnover (Average Receivables)	-	1.33	12.6
Inventory Turnover (Average Inventory)	-	0.47	3.66
Short Term Liquidity
Current Ratio	1.4	0.88	0.5
Quick Ratio	1.32	0.8	0.3
Operating Cash Flow to Current Liabilities	-0.17	-0.38	-0.22
Days Sales Outstanding (Average Receivables)	-	275.46	28.96
Days Outstanding Inventory (Average Inventory)	-	775.44	99.79
Average Days Payable Outstanding	-	1.8K	171.51
Cash Conversion Cycle (Average Days)	-	-751.34	-42.75
Long Term Solvency
Total Debt/Equity	112.15	-778.25	-109.36
Total Debt / Total Capital	52.86	114.74	1.17K
LT Debt/Equity	24.39	-292.56	-31.59
Long-Term Debt / Total Capital	11.5	43.13	337.51
Total Liabilities / Total Assets	85.17	106.17	152.2
EBIT / Interest Expense	-31.24	-80.47	-72.15
EBITDA / Interest Expense	-28.61	-76.13	-63.6
(EBITDA - Capex) / Interest Expense	-38.18	-91.74	-84.55
Total Debt / EBITDA	-2.12	-1.01	-1.39
Net Debt / EBITDA	3.03	0.14	-0.74
Total Debt / (EBITDA - Capex)	-1.59	-0.84	-1.05
Net Debt / (EBITDA - Capex)	2.27	0.12	-0.55
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	159.21	7K
Gross Profit, 1 Yr. Growth %	-	314.18	4.33K
EBITDA, 1 Yr. Growth %	-	508.39	0.94
EBITA, 1 Yr. Growth %	-	508.64	7.06
EBIT, 1 Yr. Growth %	-	508.64	7.06
Earnings From Cont. Operations, 1 Yr. Growth %	-	555.53	3.55
Net Income, 1 Yr. Growth %	-	554.95	2.5
Normalized Net Income, 1 Yr. Growth %	-	562.51	2.05
Diluted EPS Before Extra, 1 Yr. Growth %	-	359.93	4.72
Accounts Receivable, 1 Yr. Growth %	-	45.32	1.04K
Inventory, 1 Yr. Growth %	-	1.35K	894.36
Net Property, Plant and Equip., 1 Yr. Growth %	-	146.19	28.03
Total Assets, 1 Yr. Growth %	-	4.15	15.51
Tangible Book Value, 1 Yr. Growth %	-	-818.1	132.38
Common Equity, 1 Yr. Growth %	-	-331.6	166.44
Cash From Operations, 1 Yr. Growth %	-	177.79	10.11
Capital Expenditures, 1 Yr. Growth %	-	285.5	60.27
Levered Free Cash Flow, 1 Yr. Growth %	-	-	160.03
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	164.82
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	1.26K
Gross Profit, 2 Yr. CAGR %	-	-	1.25K
EBITDA, 2 Yr. CAGR %	-	-	147.82
EBITA, 2 Yr. CAGR %	-	-	155.27
EBIT, 2 Yr. CAGR %	-	-	155.27
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	160.53
Net Income, 2 Yr. CAGR %	-	-	159.1
Normalized Net Income, 2 Yr. CAGR %	-	-	160.02
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	119.6
Accounts Receivable, 2 Yr. CAGR %	-	-	310.52
Inventory, 2 Yr. CAGR %	-	-	1.1K
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	77.54
Total Assets, 2 Yr. CAGR %	-	-	9.68
Tangible Book Value, 2 Yr. CAGR %	-	-	308.5
Common Equity, 2 Yr. CAGR %	-	-	148.41
Cash From Operations, 2 Yr. CAGR %	-	-	74.89
Capital Expenditures, 2 Yr. CAGR %	-	-	148.57