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Income Statement
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Canoo Inc. (HCAC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19
   8-K10-K10-K
Revenues  0.02.60.0
            Revenue growth  -100.0%  
Cost of goods sold  255.20.70.0
Gross profit  -255.21.90.0
            Gross margin   73.7% 
Selling, general and administrative  194.751.631.6
Research and development   142.9137.4
EBITDA   [+]-441.0-192.6-168.9
            EBITDA margin   -7552.7% 
Depreciation and amortization  8.97.14.7
EBIT   [+]-449.9-199.7-173.7
            EBIT margin   -7832.1% 
Interest expense   10.59.5
Other income (expense), net   [+]103.1120.40.8
Pre-tax income  -346.8-89.8-182.4
Income taxes  0.00.00.0
            Tax rate  0.0% 0.0%
Net income  0.0-89.8-182.4
            Net margin   -3522.3% 
   
Basic EPS   [+]$0.00($0.81)($2.48)
Diluted EPS   [+]$0.00($0.81)($2.48)
   
Shares outstanding (basic)   [+]227.9110.473.5
Shares outstanding (diluted)   [+]227.9110.473.5
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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