WORKHORSE GROUP INC.: 10-Q filed 2019-08-09
What WORKHORSE GROUP INC. reported in its quarterly report filed 2019-08-09 (fiscal Q2 2019): 29 published measures, 80 facts as tagged in accession 0001213900-19-015062.
This filing
- Form
- 10-Q (quarterly report)
- Filed
- 2019-08-09
- Fiscal period
- fiscal Q2 2019
- Accession
- 0001213900-19-015062 on SEC EDGAR
Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All WORKHORSE GROUP INC. filings.
Reported measures
Total assets
Resources recognized on the balance sheet. Book assets are not the market value of the business.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-06-30 | 35,668,761 | USD | |
| At 2018-12-31 | 11,804,773 | USD |
Stockholders equity
The reported residual interest after liabilities. It is an accounting amount, not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-06-30 | -45,027,814 | USD | |
| At 2019-03-31 | -17,995,810 | USD | |
| At 2018-12-31 | -15,422,443 | USD | |
| At 2018-06-30 | -5,155,869 | USD | |
| At 2018-03-31 | -1,559,334 | USD | |
| At 2017-12-31 | 3,511,564 | USD |
Cash and cash equivalents
Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-06-30 | 23,519,496 | USD | |
| At 2018-12-31 | 1,512,750 | USD | |
| At 2018-06-30 | 586,441 | USD | |
| At 2017-12-31 | 4,069,477 | USD |
Net income or loss
Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | -36,856,313 | USD | 91 |
| 2019-01-01 to 2019-06-30 | -43,120,485 | USD | 181 |
| 2018-04-01 to 2018-06-30 | -6,909,297 | USD | 91 |
| 2018-01-01 to 2018-06-30 | -13,327,103 | USD | 181 |
Operating cash flow
Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-01-01 to 2019-06-30 | -11,810,257 | USD | 181 |
| 2018-01-01 to 2018-06-30 | -7,577,673 | USD | 181 |
Capital expenditure payments
Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-01-01 to 2019-06-30 | 2,965,372 | USD | 181 |
Revenue
Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | 5,508 | USD | 91 |
| 2019-01-01 to 2019-06-30 | 369,690 | USD | 181 |
| 2018-04-01 to 2018-06-30 | 170,684 | USD | 91 |
| 2018-01-01 to 2018-06-30 | 730,913 | USD | 181 |
Financing cash flow
Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-01-01 to 2019-06-30 | 36,782,375 | USD | 181 |
| 2018-01-01 to 2018-06-30 | 4,094,637 | USD | 181 |
Investing cash flow
Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-01-01 to 2019-06-30 | -2,965,372 | USD | 181 |
Retained earnings or deficit
Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-06-30 | -184,764,188 | USD | |
| At 2018-12-31 | -141,557,496 | USD |
Net property, plant and equipment
Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-06-30 | 8,009,037 | USD | |
| At 2018-12-31 | 5,237,451 | USD |
Share-based compensation expense
Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-01-01 to 2019-06-30 | 876,918 | USD | 181 |
| 2018-01-01 to 2018-06-30 | 548,263 | USD | 181 |
Current assets
Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-06-30 | 27,479,742 | USD | |
| At 2018-12-31 | 6,369,232 | USD |
Interest expense
Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | 32,718,876 | USD | 91 |
| 2019-01-01 to 2019-06-30 | 34,496,459 | USD | 181 |
| 2018-04-01 to 2018-06-30 | 526,162 | USD | 91 |
| 2018-01-01 to 2018-06-30 | 1,052,049 | USD | 181 |
Current liabilities
Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-06-30 | 53,714,883 | USD | |
| At 2018-12-31 | 18,915,137 | USD |
Current accounts payable
Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-06-30 | 2,010,334 | USD | |
| At 2018-12-31 | 4,340,463 | USD |
Operating expenses
Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | 3,212,781 | USD | 91 |
| 2019-01-01 to 2019-06-30 | 6,665,946 | USD | 181 |
| 2018-04-01 to 2018-06-30 | 4,897,914 | USD | 91 |
| 2018-01-01 to 2018-06-30 | 9,635,692 | USD | 181 |
Net inventory
Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-06-30 | 2,197,683 | USD | |
| At 2018-12-31 | 2,533,616 | USD |
Gross profit
Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | -924,656 | USD | 91 |
| 2019-01-01 to 2019-06-30 | -1,958,080 | USD | 181 |
| 2018-04-01 to 2018-06-30 | -1,485,221 | USD | 91 |
| 2018-01-01 to 2018-06-30 | -2,639,362 | USD | 181 |
Cost of revenue
Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | 930,164 | USD | 91 |
| 2019-01-01 to 2019-06-30 | 2,327,770 | USD | 181 |
| 2018-04-01 to 2018-06-30 | 1,655,905 | USD | 91 |
| 2018-01-01 to 2018-06-30 | 3,370,275 | USD | 181 |
Selling, general and administrative expense
Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | 1,996,054 | USD | 91 |
| 2019-01-01 to 2019-06-30 | 4,086,944 | USD | 181 |
| 2018-04-01 to 2018-06-30 | 3,003,202 | USD | 91 |
| 2018-01-01 to 2018-06-30 | 5,403,349 | USD | 181 |
Research and development expense
Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | 1,216,727 | USD | 91 |
| 2019-01-01 to 2019-06-30 | 2,579,002 | USD | 181 |
| 2018-04-01 to 2018-06-30 | 1,894,712 | USD | 91 |
| 2018-01-01 to 2018-06-30 | 4,232,343 | USD | 181 |
Common shares outstanding
Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-06-30 | 66,081,812 | shares | |
| At 2018-12-31 | 58,270,934 | shares |
Additional paid-in capital
Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-06-30 | 139,670,292 | USD | |
| At 2018-12-31 | 126,076,782 | USD |
Accumulated depreciation on property, plant and equipment
Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-06-30 | 2,601,263 | USD | |
| At 2018-12-31 | 2,407,477 | USD |
Accrued current liabilities
Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-06-30 | 4,047,550 | USD | |
| At 2018-12-31 | 3,946,386 | USD |
Prepaid expenses and other current assets
Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-06-30 | 1,720,319 | USD | |
| At 2018-12-31 | 2,274,595 | USD |
Net income available to common stockholders
Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | -36,942,520 | USD | 91 |
| 2019-01-01 to 2019-06-30 | -43,206,692 | USD | 181 |
| 2018-04-01 to 2018-06-30 | -7,674,476 | USD | 91 |
| 2018-01-01 to 2018-06-30 | -14,092,282 | USD | 181 |
Depreciation, depletion and amortization
Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-01-01 to 2019-06-30 | 193,786 | USD | 181 |
| 2018-01-01 to 2018-06-30 | 152,525 | USD | 181 |
Inspect the source
- Entity
- WORKHORSE GROUP INC. / CIK 0001425287
- Captured
- 2026-09-20T08:03:47.736Z
- SEC response SHA-256
50dc0df726bf12c53171f6a79ac934e876a5abeb959bbc24436e006907d41e91
Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON
Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.
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import json
from urllib.request import urlopen
with urlopen("https://canlicapital.com/company-data/0001425287.json") as response:
record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
print(concept["tag"], next(iter(concept["observations"])))