WORKHORSE GROUP INC.: 10-Q filed 2024-05-20
What WORKHORSE GROUP INC. reported in its quarterly report filed 2024-05-20 (fiscal Q1 2024): 42 published measures, 88 facts as tagged in accession 0001425287-24-000101.
This filing
- Form
- 10-Q (quarterly report)
- Filed
- 2024-05-20
- Fiscal period
- fiscal Q1 2024
- Accession
- 0001425287-24-000101 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 2024-03-31 | 113,869,956 | USD | |
| At 2023-12-31 | 141,674,724 | USD |
Total liabilities
Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2024-03-31 | 46,446,184 | USD | |
| At 2023-12-31 | 58,562,553 | USD |
Stockholders equity
The reported residual interest after liabilities. It is an accounting amount, not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2024-03-31 | 67,423,772 | USD | |
| At 2023-12-31 | 83,112,171 | USD | |
| At 2023-03-31 | 104,820,548 | USD | |
| At 2022-12-31 | 108,586,931 | 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 2024-03-31 | 6,728,430 | USD | |
| At 2023-12-31 | 25,845,915 | 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 |
|---|---|---|---|
| 2024-01-01 to 2024-03-31 | -29,155,787 | USD | 91 |
| 2023-01-01 to 2023-03-31 | -24,999,037 | USD | 90 |
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 |
|---|---|---|---|
| 2024-01-01 to 2024-03-31 | -17,963,578 | USD | 91 |
| 2023-01-01 to 2023-03-31 | -32,749,402 | USD | 90 |
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 |
|---|---|---|---|
| 2024-01-01 to 2024-03-31 | 3,025,775 | USD | 91 |
| 2023-01-01 to 2023-03-31 | 5,404,727 | USD | 90 |
Contract revenue excluding tax
Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2024-01-01 to 2024-03-31 | 1,339,295 | USD | 91 |
| 2023-01-01 to 2023-03-31 | 1,693,415 | USD | 90 |
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 |
|---|---|---|---|
| 2024-01-01 to 2024-03-31 | -8,128,132 | USD | 91 |
| 2023-01-01 to 2023-03-31 | 17,988,404 | USD | 90 |
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 |
|---|---|---|---|
| 2024-01-01 to 2024-03-31 | -3,025,775 | USD | 91 |
| 2023-01-01 to 2023-03-31 | -5,404,727 | USD | 90 |
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 2024-03-31 | -780,724,038 | USD | |
| At 2023-12-31 | -751,568,251 | USD |
Basic weighted-average shares
Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2024-01-01 to 2024-03-31 | 302,607,192 | shares | 91 |
| 2023-01-01 to 2023-03-31 | 167,144,351 | shares | 90 |
Diluted weighted-average shares
Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2024-01-01 to 2024-03-31 | 302,607,192 | shares | 91 |
| 2023-01-01 to 2023-03-31 | 167,144,351 | shares | 90 |
Basic earnings per share
Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2024-01-01 to 2024-03-31 | -0.1 | USD/shares | 91 |
| 2023-01-01 to 2023-03-31 | -0.15 | USD/shares | 90 |
Diluted earnings per share
Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2024-01-01 to 2024-03-31 | -0.1 | USD/shares | 91 |
| 2023-01-01 to 2023-03-31 | -0.15 | USD/shares | 90 |
Income tax expense or benefit
Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2024-01-01 to 2024-03-31 | 0 | USD | 91 |
| 2023-01-01 to 2023-03-31 | 0 | USD | 90 |
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 2024-03-31 | 38,537,214 | USD | |
| At 2023-12-31 | 37,876,955 | 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 |
|---|---|---|---|
| 2024-01-01 to 2024-03-31 | 3,370,204 | USD | 91 |
| 2023-01-01 to 2023-03-31 | 3,024,389 | USD | 90 |
Operating income or loss
Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2024-01-01 to 2024-03-31 | -23,726,672 | USD | 91 |
| 2023-01-01 to 2023-03-31 | -25,549,396 | USD | 90 |
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 2024-03-31 | 65,642,482 | USD | |
| At 2023-12-31 | 93,825,478 | USD |
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 2024-03-31 | 41,398,619 | USD | |
| At 2023-12-31 | 53,282,027 | 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 2024-03-31 | 14,229,542 | USD | |
| At 2023-12-31 | 12,456,272 | USD |
Net current accounts receivable
Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2024-03-31 | 1,767,887 | USD | |
| At 2023-12-31 | 4,470,209 | 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 |
|---|---|---|---|
| 2024-01-01 to 2024-03-31 | 17,623,189 | USD | 91 |
| 2023-01-01 to 2023-03-31 | 21,914,692 | USD | 90 |
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 2024-03-31 | 49,852,378 | USD | |
| At 2023-12-31 | 45,408,192 | 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 |
|---|---|---|---|
| 2024-01-01 to 2024-03-31 | -6,103,483 | USD | 91 |
| 2023-01-01 to 2023-03-31 | -3,634,704 | USD | 90 |
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 |
|---|---|---|---|
| 2024-01-01 to 2024-03-31 | 7,442,778 | USD | 91 |
| 2023-01-01 to 2023-03-31 | 5,328,119 | USD | 90 |
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 |
|---|---|---|---|
| 2024-01-01 to 2024-03-31 | 14,095,278 | USD | 91 |
| 2023-01-01 to 2023-03-31 | 14,689,843 | USD | 90 |
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 |
|---|---|---|---|
| 2024-01-01 to 2024-03-31 | 3,527,911 | USD | 91 |
| 2023-01-01 to 2023-03-31 | 7,224,849 | USD | 90 |
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 2024-03-31 | 330,791,980 | shares | |
| At 2023-12-31 | 285,980,843 | shares |
Cash including restricted cash
Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2024-03-31 | 6,728,430 | USD | |
| At 2023-12-31 | 35,845,915 | USD | |
| At 2023-03-31 | 79,110,576 | USD | |
| At 2022-12-31 | 99,276,301 | USD |
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 2024-03-31 | 847,817,018 | USD | |
| At 2023-12-31 | 834,394,441 | USD |
Operating lease right-of-use asset
Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2024-03-31 | 3,942,958 | USD | |
| At 2023-12-31 | 4,174,800 | USD |
Operating lease liability
Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2024-03-31 | 6,061,502 | USD | |
| At 2023-12-31 | 6,292,954 | USD |
Other noncurrent assets
Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2024-03-31 | 176,310 | USD | |
| At 2023-12-31 | 176,310 | 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 2024-03-31 | 6,652,042 | USD | |
| At 2023-12-31 | 4,862,740 | 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 2024-03-31 | 7,293,787 | USD | |
| At 2023-12-31 | 8,101,162 | USD |
Current contract liabilities
Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2024-03-31 | 4,689,581 | USD | |
| At 2023-12-31 | 4,714,331 | USD |
Pre-tax income or loss from continuing operations
Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2024-01-01 to 2024-03-31 | -29,155,787 | USD | 91 |
| 2023-01-01 to 2023-03-31 | -24,999,037 | USD | 90 |
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 |
|---|---|---|---|
| 2024-01-01 to 2024-03-31 | 1,960,844 | USD | 91 |
| 2023-01-01 to 2023-03-31 | 640,362 | USD | 90 |
Proceeds from issuing common stock
Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2024-01-01 to 2024-03-31 | 4,366,649 | USD | 91 |
| 2023-01-01 to 2023-03-31 | 18,592,188 | USD | 90 |
Change in inventories
The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2024-01-01 to 2024-03-31 | 6,470,772 | USD | 91 |
| 2023-01-01 to 2023-03-31 | 13,320,359 | USD | 90 |
Inspect the source
- Entity
- WORKHORSE GROUP INC. / CIK 0001425287
- Captured
- 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.
Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.
Use this in research
A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.
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Read the published dataset with Python
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"])))