Lotus Technology Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net loss $40.9m ($31.2m) ($45.4m) ($25.8m) ($20.1m) ($110.5m) ($724.6m) ($750.3m) ($1.1b) ($464.2m)
Net Income (Loss) Attributable to Parent ($723.9m)
($742.0m) -2.50%
($1.1b) -48.91%
($464.2m) +57.99%
Net Income (Loss) Available to Common Stockholders, Basic ($724.8m)
($757.1m) -4.45%
($1.1b) -46.33%
($464.2m) +58.10%
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest ($724.6m) ($750.3m) ($1.1b) ($464.2m)
Net Income (Loss) Attributable to Noncontrolling Interest ($642k) ($8.3m) ($2.4m) ($2k)
Depreciation, Depletion and Amortization $955k $857k $1.1m $1.1m $1.6m $2.1m $12.8m $55.0m $76.5m $54.7m $54.7m
Amortization of deferred income relating to government grants ($490.5m) ($55.0m) ($25k) ($60k)
Amortization of offering cost of warrants $0 $12.6m $0 $1.5m $0
Amortization of right of use assets $0 $0 $1.4m $1.9m
Depreciation Amortization Depletion $12.8m $55.0m $76.5m $54.7m $54.7m
Deferred Income Tax Expense (Benefit) $1.7m $0 $0 $216k $0 ($126k) $0 $687k $687k
Deferred tax benefit ($1.2m) $0 $0 $0 $0 ($426k) ($624k) $0
Deferred Tax $0 ($126k) $0 $687k $687k
Share-based Payment Arrangement, Noncash Expense $10.6m $31.9m $2.3m $2.3m
Share-based Payment Arrangement, Expense $0 $31.9m $2.3m $2.3m
Share-based compensation expense $2.1m $2.0m $840k $9.6m $10.6m $10.6m $31.9m $2.3m $2.3m
Equity Method Investment, Other than Temporary Impairment $0
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount $0
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) $0
Operating Lease, Impairment Loss $4.5m
Impairment of long-lived assets $0 $0 $51.8m
Impairment loss on goodwill and intangible assets $0 $0 $2.3m $10.0m $0 $0
Impairment loss of investment in unconsolidated entity $0 $0 $4.0m $0
Asset Impairment Charge $15.4m $20.1m $18.3m $65.9m $65.9m
Income (Loss) from Equity Method Investments ($2.8m) ($1.0m) ($171k) $2.0m
Share of results of equity method investments $0 $0 $960k ($463k) $267k $2.8m $1.0m $171k ($2.0m)
Earnings (Loss)es From Equity Investments $2.8m $1.0m $171k ($2.0m) ($2.0m)
Changes in operating assets and liabilities:
Change In Working Capital $341.9m $264.2m ($172.3m) $14.7m $14.7m
Accounts receivable ($3.4m) $0 ($89k) ($3.1m) ($89.6m) ($156.1m) $95.5m $95.5m
Other receivables ($1.8m) $4.6m ($1.7m) ($929k) ($287k) ($338k) $286k ($1.3m) $32k ($531k)
Other receivables-related parties $0 $0 ($64k) ($276k) $208k
Trade accounts receivable $14.7m ($245k) $12.0m ($40.5m) $18.4m $18.3m $3.8m
Change In Receivables ($3.1m) ($89.6m) ($156.1m) $95.5m $95.5m
Changes In Account Receivables ($3.1m) ($89.6m) ($156.1m) $95.5m $95.5m
Increase (Decrease) in Inventories $21.6m $235.1m ($69.7m) ($81.2m) $81.2m
Inventory Write-down $0 $1.7m $25.9m $8.8m
Inventories $1.2m $3.6m ($5.0m) ($1.2m) ($1.1m) ($2.0m) ($21.6m) ($235.1m) $69.7m $81.2m $81.2m
Allowance (reversal) for slow moving inventories $2.4m $0 $65k $65k $57k $655k $266k $485k $887k ($1.3m)
Inventories transferred to and used as fixed assets $1.0m $0 $0 $0 $410k $303k $0 ($65k) $0
Change In Inventory ($21.6m) ($235.1m) $69.7m $81.2m $81.2m
Accounts payable ($2.1m) $7.6m $356.4m $120.0m $42.0m $42.0m
Other payables $713k ($189k) ($180k) ($862k) ($14k) $5.7m ($6.3m) $2.3m ($3.0m) $3.4m
Other payables-related parties ($921k) $2.2m ($2.6m) $969k $352k ($293k) $628k
Trade accounts payable ($9.6m) $812k ($2.7m) ($400k) $8.2m ($2.1m) ($5.5m)
Change In Payables And Accrued Expense ($47.7m) $570.3m $34.1m ($71.4m) $42.0m
Accrued expenses and other current liabilities $486.0m ($55.2m) $214.0m ($85.9m) ($113.4m)
Purchase of property, equipment and software and intangible assets included in accrued expenses and other current liabilities $18.3m $108.0m $71.1m $70.9m $25.4m
Accrued interest income from loans to third parties $0 $0 ($271k) ($8.0m) ($7.0m) ($5.3m)
Accrued interest income from short-term investment $0 $0 ($2.9m) ($885k) ($17k)
Accrued payroll and employees' welfare $134k $1.6m $141k $784k $533k ($1.6m) $296k $132k $855k ($25k)
Accrued expenses $0 $0 $9k ($984k) ($113.4m)
Deferred revenue ($1.9m) $853k ($1.2m) $0
Change In Accrued Expense ($55.2m) $214.0m ($85.9m) ($113.4m) ($113.4m)
Non-cash other operating income ($386.9m) ($848.5m) ($33.0m)
Prepayments and other current assets $41.8m $406.9m ($39.1m) ($68.2m) ($32.4m)
Change In Other Current Assets ($2.0m) ($37.0m) ($19.3m) ($7.4m) ($7.4m)
Change In Other Current Liabilities $3.2m $52.3m ($25.3m) ($31.9m) ($31.9m)
Net Cash Provided by (Used in) Operating Activities ($286k)
($7.4m) -2483.91%
($19.6m) -165.12%
($32.2m) -64.60%
($5.2m) +83.76%
($126.5m) -2318.52%
($351.4m) -177.79%
($386.9m) -10.11%
($848.5m) -119.29%
($333.9m) +60.65%
($333.9m) 0.00%
Cash flows from investing activities:
Payments for purchases of property, equipment and software and intangible assets ($181k) ($638k) ($1.5m) ($1.7m) ($86k) ($34.6m) ($133.3m) ($213.7m) ($57.3m) $35.6m
Proceeds from disposal of property, equipment and software $0 $0 $82k $0 $0 $14k $1.1m $5.1m $6.5m $20.2m
Loss (gain) from disposal of equipment ($41k) ($36k) ($78k) $0 ($89k) $20k $49k ($13k)
Proceeds from disposal of equipment $60k $52k $32k $0 $900 $0 $0 $32k
Gain (Loss) on Sale of Investments ($3.2m) ($1.2m) $14.2m $10.7m
Payments for purchases of short-term investments ($300.7m) ($38.3m) ($48.1m)
Proceeds from sales of short-term investments $289.6m $37.4m $48.3m
Payments for investments in equity investees ($3.1m) ($5.1m) ($414k)
Payments for short-term investments $0 $0 ($290.1m) ($203.5m) ($3.6m)
Redemption of short-term investments $0 $0 $108.8m $300.9m $87.2m
Net Other Investing Changes ($2.3m) $15.1m ($225.0m) ($49.4m) ($49.4m)
Net Cash Provided by (Used in) Investing Activities ($121k) $12.5m ($17.6m) ($13.5m) ($2.1m) $244.5m ($149.4m) ($198.0m) ($579.4m) $277.6m $277.6m
Cash flows from financing activities:
Repayments of Long-term Debt $5.6m $119.3m ($119.3m)
Proceeds from borrowings $481.2m $1.0b $1.4b
Repayments of borrowings ($272.9m) ($460.9m) ($889.5m)
Repayments of short-term borrowings $0 ($1.3m) ($4.9m) $0 ($1.0m) ($3.4m) ($530k) $0 $0
Proceeds from short-term borrowings-related parties $5.0m $17.4m $18.4m $11.1m $15.0m $10.0m
Repayments of short-term borrowings-related parties ($5.0m) ($16.2m) ($15.9m) ($14.8m) ($9.0m) ($10.0m)
Proceeds from short-term borrowings $530k $1.1m $4.6m $1.1m $200k $3.7m $0
Proceeds from long-term borrowings-related party $0 $0 $10.0m $0 $0 $0
AR and short-term borrowings-related parties offset $200k $0 $0
Repayment of short-term borrowings $0 ($1.3m)
Issuance Of Debt $482.2m $534.4m $1.2b $1.6b $227.1m
Long Term Debt Issuance $454.0m $53.2m $147.8m $227.1m $227.1m
Long Term Debt Payments ($57.4m) ($5.6m) $0 ($119.3m) ($119.3m)
Net Issuance Payments Of Debt $414.9m $255.8m $719.9m $623.1m $623.1m
Net Long Term Debt Issuance $396.6m $47.5m $147.8m $107.8m $107.8m
Net Short Term Debt Issuance $18.3m $208.3m $572.1m $515.2m $515.2m
Repayment Of Debt ($67.3m) ($278.5m) ($460.9m) ($1.0b) ($119.3m)
Short Term Debt Issuance $28.2m $481.2m $1.0b $1.4b $1.4b
Short Term Debt Payments ($9.8m) ($272.9m) ($460.9m) ($889.5m) ($889.5m)
Proceeds from warrants issued with common stock $0 $0 $212.1m $0 $17.5m
Issuance of common stock in exchange of shares of FGS, net of issuance costs $0 $0 $21.4m $0 $1.7m $0 $18.3m
Cancellation of common stock issued prior years in exchange of shares of FGS , net of issuance costs $0 $0 ($1.7m) $0
Issuance of common stock in exchange of shares of Starry, net of issuance costs $0 $0 $27.7m $0 $18.3m
Issuance of unvested common stock to senior managers $0 $56k $0
Issuance of common stock to redeem warrants $0 $0 $18.3m
Common Stock Issuance $76.1m $26.1m $1.2b $18.3m $18.3m
Issuance Of Capital Stock $422.5m $26.1m $1.2b $18.3m $18.3m
Repurchase Of Capital Stock $0 ($28.6m) $0 $0 $0
Cash Dividends Paid ($1.9m) $0 $0 $0
Net Other Financing Charges ($50.6m) $2.8m ($452.3m) ($512.9m) ($512.9m)
Net Cash Provided by (Used in) Financing Activities ($10.2m)
($3.1m) +69.78%
$76.9m +2598.85%
$3.5m -95.39%
$33.2m +837.11%
$364.9m +997.68%
$758.1m +107.79%
$284.7m -62.45%
$1.5b +412.64%
$128.5m -91.20%
$128.5m 0.00%
Net increase (decrease) in cash, cash equivalents and restricted cash ($10.5m) $2.0m $41.5m ($40.8m) $25.8m $485.8m $208.1m ($312.4m) $57.8m $65.3m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $208.1m ($312.4m) $57.8m $65.3m $550.3m
Cash, cash equivalents and restricted cash at beginning of the year $4.5m $531.5m $739.5m $427.1m $484.9m $550.3m
Beginning Cash Position $531.5m $739.5m $427.1m $484.9m $484.9m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $739.5m $427.1m $484.9m $550.3m $550.3m
Effect of exchange rate changes on cash, cash equivalents and restricted cash $2.9m ($49.2m) ($12.2m) $26.2m ($6.8m) ($6.8m)
Restricted cash, current $2.4m $7.9m $379.3m $375.9m
Restricted cash, non-current $536k $321k $2.6m $101.0m
Effect of exchange rate fluctuation on cash and restricted cash $63k ($16k) $1.8m $1.4m ($84k) $224k $10.3m $27.7m $1.7m ($8.6m)
Restricted cash $0 $0 $0 $732k $849k $8k
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $903k $571k $868k $1.5m $1.4m $1.7m $471k $8.1m $8.1m $19.2m
Additional Financial Items
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal $3.8m
Foreign Currency Transaction Gain (Loss), before Tax ($11.5m) $42k ($11.7m) $25.7m
Foreign Currency Transaction Gain (Loss), Unrealized ($10.2m) ($1.5m) ($496k) ($1.6m)
General and Administrative Expense $148.4m $144.5m $227.5m $135.8m
Income Tax Expense (Benefit) $292k $1.1m $2.0m $15.9m
Operating Expenses $689.7m $838.1m $815.9m $468.4m
Proceeds from Noncontrolling Interests $149k $4.5m $404k
Reduction in the carrying amount of operating lease right-of-use assets $1.4m $5.6m $15.4m $20.1m $18.3m $14.1m
Investment (income) loss, net ($2.2m) $3.2m $1.2m ($14.2m) ($10.7m)
Changes in fair values of liabilities, excluding impact of instrument-specific credit risk $1.4m $23.0m $7.5m $285.4m $28.3m
Non-cash interest expenses $3.6m $8.2m $1.6m $14.8m $12.9m
Non-cash interest income ($13.4m) ($21.2m)
Expected credit loss (reversal) accrual $389k $5.8m ($4.8m)
Warranty expenses $0 $0 $8.5m $21.9m $21.0m
Net unrealized foreign currency exchange losses ($694k) $10.2m $1.5m $496k $1.6m
Other non-current assets ($8.0m) ($2.0m) ($37.0m) ($19.3m) ($7.4m)
Contract liabilities - third parties $3.4m $1.9m $6.3m $42.4m ($7.2m) ($18.9m)
Operating lease liabilities $0 $0 ($1.4m) ($55.4m) ($14.6m) ($29.4m) ($16.4m) ($17.1m)
Other non-current liabilities $251k $17.8m $81.6m ($8.9m) ($14.7m)
Proceeds from settlement of derivative instruments $239k $740k
Receipts of government grants related to assets $279.1m $16.3m $28.1m $11.3m
Disposal of a subsidiary, net of cash disposed $1.4m $6.8m ($371k)
Proceeds from sales of securities pledged to an investor $189.6m $326.9m
Loans to related parties ($2.3m) ($1.2m) ($262.2m) ($60.7m)
Proceeds from issuance of ordinary shares $172k $0 $65.0m $0 $26.1m $197.9m $0 $28.2m $807k $18.3m
Proceeds from issuance of exchangeable notes $125.0m $379.0m $27.9m $28.5m $27.8m
Proceeds from exercise of public warrant $0 $0 $21.1m $0 $5.7m
Proceeds from settlement of receivable from shareholders $76.1m $26.1m
Proceeds from issuance of convertible notes $0 $0 $23.4m $75.0m $25.3m $119.3m $199.3m
Payment for redemption of convertible notes $0 $0 ($372k) ($684k) ($748k) ($817k) ($893k) ($5.6m) $0 ($119.3m)
Capital contributions by noncontrolling interests $0 $0 $3.7m $850k $405k $50k $149k $4.5m $404k
Payments to a noncontrolling interest in the liquidation of a subsidiary $0 $0 ($200k) $0 ($148k)
Cash and cash equivalents $12.3m $1.8m $45.3m $45.3m $4.5m $531.5m $736.6m $418.9m $103.1m $73.4m $484.9m
Income taxes paid $142k $42k $282k $62k $1.8m $1.2m $678k $16.5m
Income taxes refund ($30k) ($131k) ($45k) ($127k) ($349k)
Accretion of redeemable convertible preferred shares $910k $15.1m $3.0m
Issuance costs payable $6.6m $6.6m
Issuance of ordinary shares through conversion of convertible notes $0 $0 $42.4m $46.9m $30.1m $1.2m
(Gain) loss in fair value changes of warrants liability $0 $0 $0 ($35.4m) ($174.5m) ($6.1m) $934k ($6k)
Allowance for (net recovery of) credit losses $14.5m $1.8m ($841k) $611k $2.2m $8.2m ($659k) ($9.0m) $4.1m ($2.9m)
Restricted shares issued for management and employees ($15.5m) $21.3m $7.9m $6.1m $39.3m $26.2m $22.4m $10.3m
Restricted shares issued for services $2.3m $8.4m $3.1m $846k $34k $0 $8.9m $5.8m $1.1m
Notes receivable ($455k) ($1.5m) $2.1m $922k ($1.1m) ($2.1m) ($4.5m) $7.1m $2.4m $1.3m
Purchase advances $4.9m ($10.5m) ($297k) $5.8m $1.2m ($899k) $865k ($2.6m) ($2.4m) ($5.1m)
Contract costs ($127k) $7.6m ($26.9m) ($21.9m) $15.4m ($14.2m) ($4.4m) ($364k)
Prepaid expense $716k ($718k) $319k $317k ($5k) $143k ($274k) $70k ($51k) $12k
Prepaid expense - related parties ($218k) $218k ($433k) $158k $275k $0
Taxes payable $790k ($79k) ($269k) $1.7m ($1.1m) $76k $962k ($1.0m) ($172k) ($198k)
Purchase of land use right $0 $0 ($15.0m)
Repayments of loans to third parties $14.2m $435k $1.0m $11.2m $5.2m $171.4m $40.1m $117.5m $100.5m
Payments made for loans to third parties ($1.1m) ($2.0m) ($4.0m) ($9.5m) ($51.6m) ($171.1m) ($103.1m) ($196.4m) ($140.5m)
Payments and prepayments for construction in progress $0 $0 ($9.2m) ($4.6m) ($3.8m) $0 $0 $0 ($219k) ($8.9m)
Proceeds from short-term bank loans $500k $0 $45k $2.5m $9.5m $16.0m $10.0m $13.5m $11.6m $10.5m
Repayments of short-term bank loans ($7.5m) $0 ($45k) $0 ($2.5m) ($10.5m) ($15.0m) ($11.0m) ($11.6m) ($11.3m)
Proceeds from warrants issued with ordinary shares $17.5m $0
Proceeds from sale of prefunded warrants, net of issuance costs $0 $0 $30.3m $93k $3.8m $0
Redemption of warrants $0 $0 ($32.6m) $0
Capital contribution by controlling shareholders $0 $0 $100k
Cash $4.5m $30.3m $344.0m $104.1m $110.0m $98.9m ($333.9m)
Right-of-use assets obtained in exchange for operating lease obligations $0 $0 $1.2m $7.2m $938k $75k $8.3m
Reduction of right-of-use assets and operating lease obligations due to early termination of lease agreement $0 $0 $62k $61k $1.9m
Payable for construction in progress $0 $0 $3.1m $5.7m $733k $0 $0 $0 $7.3m
Capital contribution receivable due from non-controlling Interest $0 $0 $50.0m $0 $0 $0 $724k
Cancellation of shares issued to Starry Lab $0 $0 ($27.7m) $0
Other payable due to non-controlling interest converted into capital contribution $0 $0 $1.1m $0
Remeasurement gain of previously held equity interests in connection with step acquisition $0 $0 ($979k) $0
Interest expenses related to convertible notes $0 $0 $430k $0
Step acquisition of FGS, net of cash $0 $0 $472k $0
Payable for issuance cost of common share $0 $0 $375k $0
Advance from customers $28k ($38k) $3.4m $4.2m
Investment in unconsolidated entity $0 $0 ($4.0m) ($4.2m) $0
Cash received during the period for taxes $142k $284k ($23k) $2k $282k ($98k)
Investment payable in exchange of interest of FGS $0 $0 $6.4m $0
Reversal of interest expense $0 $0 ($81k)
Payments for land use right $0 $0 ($1.4m) $0
Shares issued to settle salary payable $0 $0 $1.6m $0
Restricted shares issued for management $3.6m $12.9m $14.6m $11.6m
Loss from warrants redemption $0 $0
Income tax benefit $546k $308k
Cash Flow From Continuing Financing Activities $758.1m $284.7m $1.5b $128.5m $128.5m
Cash Flow From Continuing Investing Activities ($149.4m) ($198.0m) ($579.4m) $277.6m $277.6m
Change In Account Payable $7.6m $356.4m $120.0m $42.0m $42.0m
Change In Cash Supplemental As Reported $208.1m ($312.4m) $57.8m $65.3m
Change In Other Working Capital $6.3m $42.4m ($7.2m) ($18.9m) ($18.9m)
Change In Payable $7.6m $356.4m $120.0m $42.0m $42.0m
Change In Prepaid Assets $406.9m ($39.1m) ($68.2m) ($32.4m) ($32.4m)
Changes In Cash $257.3m ($300.2m) $31.6m $72.1m $72.1m
End Cash Position $739.5m $427.1m $484.9m $550.3m $550.3m
Financing Cash Flow $758.1m
$284.7m -62.45%
$1.5b +412.64%
$128.5m -91.20%
$128.5m 0.00%
Free Cash Flow ($484.8m) ($600.6m) ($905.9m) ($413.3m) ($413.3m)
Gain Loss On Investment Securities $3.2m $9.7m $7.6m $10.3m $10.3m
Investing Cash Flow ($149.4m) ($198.0m) ($579.4m) $277.6m $277.6m
Net Business Purchase And Sale ($3.1m) ($3.7m) $6.4m ($371k) ($371k)
Net Foreign Currency Exchange Gain Loss $10.2m $1.5m $496k $1.6m $1.6m
Net Investment Purchase And Sale ($11.7m) ($826k) ($310.0m) $386.5m $386.5m
Net PPE Purchase And Sale ($132.3m) ($208.6m) ($50.8m) ($59.2m) ($59.2m)
Net Preferred Stock Issuance $0 $317.7m $0 $0 $0
Operating Gains Losses $16.2m $12.2m $8.3m $9.9m $9.9m
Other Non Cash Items ($23.8m) $11.7m $290.3m ($13.1m)
Preferred Stock Payments $0 ($28.6m) $0 $0 $0
Proceeds From Stock Option Exercised $0 $0 $5.7m $0 $0
Provisionand Write Offof Assets $0 $389k $5.8m ($4.8m) ($4.8m)
Purchase Of Business ($3.1m) ($5.1m) ($414k) ($371k) ($371k)
Purchase Of Investment ($301.3m) ($38.3m) ($548.1m) $0 $0
Purchase Of PPE ($133.3m) ($213.7m) ($57.3m) ($79.4m) ($79.4m)
Sale Of Business $0 $0 $1.4m $6.8m $6.8m
Sale Of Investment $289.6m $37.4m $238.1m $386.5m $386.5m
Sale Of PPE $1.1m $5.1m $6.5m $20.2m $20.2m
Stock Based Compensation $10.6m $0 $31.9m $2.3m $2.3m
Unrealized Gain Loss On Investment Securities $1.4m $23.0m

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.