Rocket Lab USA, Inc.
(NasdaqCM:RKLB) > Financials > Balance Sheet
In Millions of the reported currency, except per share items. Template: Standard Restatement: Latest Filings
Period Type: Annual Order: Latest on Right
Currency: Reported Currency Conversion: Today's Spot Rate
Units: S&P Capital IQ (Defaul Decimals: Capital IQ (Default)
Source: Capital IQ & Proprietar
Balance Sheet
Balance Sheet as of:
Dec-31-2019 Dec-31-2020 Dec-31-2021 Dec-31-2022 Dec-31-2023 Mar-31-2024
Currency USD USD USD USD USD USD
ASSETS
Cash And Equivalents 95.9 52.8 691.0 242.5 162.5 365.9
= Cash and Cash Equivalents 95.9 52.8 691.0 242.5 162.5 -
+ Cash and Cash Equivalents - - - - - 365.9
Short Term Investments - - - 229.3 82.3 126.6
= Short-term Investments - - - - - 126.6
+ Marketable Securities-current - - - 229.3 82.3 -
Total Cash & ST Investments 95.9 52.8 691.0 471.8 244.8 492.5
Accounts Receivable 8.2 4.8 16.4 46.0 51.9 49.8
= Accounts Receivable, Net 1.2 2.7 14.0 36.6 35.2 -
+ Accounts Receivables - - - - - 31.2
+ Accounts Receivables - - - - 3.7 3.7
+ Contract Asset 7.1 2.0 2.5 9.5 13.0 -
+ Accounts Receivables - Unbilled - - - - - 14.9
Other Receivables 3.5 5.9 2.6 1.4 9.9 9.6
= Other Receivables 3.5 5.9 2.6 1.4 9.9 9.6
Total Receivables 11.7 10.6 19.0 47.5 61.8 59.4
Inventory 14.2 26.1 47.9 92.3 107.9 99.9
= Inventories - Raw Materials 8.5 14.0 21.5 33.4 45.1 42.1
+ Inventories - Work In Process 5.6 12.1 24.2 50.7 53.6 48.8
+ Inventories - Finished Goods - - 2.2 8.2 9.2 8.9
Prepaid Exp. 0.8 2.6 14.8 43.1 48.0 59.5
= Prepaid Expenses 0.8 2.6 - - - -
+ Prepaid and Other Current Assets - - 19.5 52.2 66.9 78.6
- Other Receivables - - 2.6 1.4 9.9 9.6
- Accounts Receivables - - 2.1 - 3.7 3.7
- Other Current Assets - - - 7.6 5.2 5.8
Other Current Assets 2.0 0.9 2.1 7.6 14.3 14.3
= Asset Held for Sale - - - - 9.0 -
+ Other Current Assets - - - - - 8.5
+ Other Current Assets 2.0 0.9 2.1 - - -
+ Other Current Assets - - - 7.6 5.2 5.8
Total Current Assets 124.6 93.1 774.8 662.3 476.7 725.6
Gross Property, Plant & Equipment 74.8 92.6 116.0 188.8 268.9 272.2
= Right of Use Assets - Operating Leases 26.6 26.9 28.4 35.2 59.4 -
+ Right-of-use asset-Capital lease -Gross - - - - - 14.8
+ Right-of-Use asset-Operating lease-Gross - - - - - 56.9
+ Right-of-use Assets - Finance Leases 2.9 - - 15.6 15.0 -
+ Buildings 7.1 20.3 25.1 36.5 59.7 62.8
+ Construction in Progress 11.7 10.2 22.4 26.8 26.0 19.6
+ Other Property, Plant and Equipment 3.4 7.6 9.6 12.8 14.2 13.9
+ Machinery 20.4 23.8 24.8 54.3 83.0 91.4
+ Machinery 2.6 3.8 5.6 7.5 11.6 12.8
Accumulated Depreciation (9.0) (15.8) (22.2) (36.4) (49.1) (52.4)
= Accumulated Depreciation (9.0) (15.8) (22.2) (36.4) (49.1) (52.4)
Net Property, Plant & Equipment 65.7 76.7 93.8 152.4 219.8 219.8
Long-term Investments - - - 9.2 79.2 68.6
= Long Term Marketable Securities - - - - - 68.6
+ Marketable Securities-non-current - - - 9.2 79.2 -
Goodwill - 3.1 43.3 71.0 71.0 71.0
= Goodwill - 3.1 43.3 71.0 71.0 -
+ Goodwill - - - - - 71.0
Other Intangibles 1.3 11.3 57.5 79.7 68.1 66.8
= Accumulated Amortization of Intangible Assets - - - (0.3) (0.4) (18.4)
+ Accumulated Amortization of Intangible Assets - - (0.1) (9.8) (16.6) (3.5)
+ Accumulated Amortization of Intangible Assets - (0.1) - (1.9) (3.2) -
+ Accumulated Amortization of Intangible Assets - 0 (0.1) (0.9) (1.8) (0.5)
+ Accumulated Amortization of Intangible Assets (0.1) (0.1) - (1.9) (3.4) -
+ Accumulated Amortization of Intangible Assets - 0 (0.1) - - -
+ Accumulated Amortization of Intangible Assets - (0.1) - - - -
+ Accumulated Amortization of Intangible Assets - - (3.0) - - -
+ Accumulated Amortization of Intangible Assets - - (0.5) - - (3.5)
+ Accumulated Amortization of Intangible Assets - - (0.1) - - (2.0)
+ Accumulated Amortization of Intangible Assets - (1.0) - - - -
+ Gross Intangible Assets - 10.1 45.1 - - -
+ Gross Intangible Assets - - 5.4 - - 1.3
+ Gross Intangible Assets - - 0.5 - - 2.3
+ Gross Intangible Assets - - 1.8 - - -
+ Gross Intangible Assets - - - 55.8 56.1 56.1
+ Gross Intangible Assets - 0.7 - - - -
+ Gross Intangible Assets - 0.2 - - - -
+ Gross Intangible Assets 0.3 0.2 7.2 16.1 16.1 16.1
+ Gross Intangible Assets - 0.1 - 10.1 10.1 -
+ Gross Intangible Assets - 0.1 0.2 3.5 3.5 10.1
+ Gross Intangible Assets - 0.1 - 0.9 1.2 -
+ Gross Intangible Assets - - 0.4 2.6 2.3 3.5
+ Capitalized/purchased Software (1.1) (2.4) - - - -
+ Capitalized/purchased Software 2.3 3.5 - - - -
+ Capitalized/purchased Software - - 3.8 10.5 11.7 (7.9)
+ Capitalized/purchased Software - - (2.9) (5.0) (7.5) 13.3
Deferred Tax Assets, LT 1.7 2.4 5.9 3.9 3.5 3.4
= Deferred Tax Assets 1.7 - - - - -
+ Deferred Tax Assets Long-term - - - - - 3.4
+ Deferred Income Tax Assets-net - 2.4 5.9 3.9 3.5 -
Other Long-Term Assets 1.8 1.1 5.7 10.7 22.8 26.7
= Other Non-current Assets - - 4.6 7.3 18.9 -
+ Restricted Cash 1.8 1.1 1.1 3.4 3.9 -
+ Other Long-term Assets - - - - - 22.9
+ Cash Restricted, Long-Term - - - - - 3.8
Total Assets 195.2 187.9 980.8 989.1 941.2 1,181.9
LIABILITIES
Accounts Payable 6.5 3.4 3.5 12.1 29.3 26.0
= Trade Payables 6.5 3.4 3.5 12.1 29.3 -
+ Accounts Payable - - - - - 26.0
Accrued Exp. 6.6 11.2 19.2 17.4 21.9 23.0
= Accrued Expenses 3.6 6.6 11.0 8.7 5.6 -
+ Employee Benefits Payable 3.0 4.6 8.3 8.6 16.3 -
+ Accrued Expenses - - - - - 9.1
+ Accrued Expenses - - - - - 13.9
Curr. Port. of LT Debt - - 2.8 2.9 17.8 11.0
= Current Installments of Long-term Borrowings - - 2.8 2.9 17.8 -
+ Current Portion of Long-term Debt - - - - - 11.0
Curr. Port. of Leases 3.2 1.7 2.4 3.7 5.6 -
= Current Portion Of Lease Liabilities 1.0 1.7 2.4 3.4 5.3 -
+ Current Portion of Capital Leases - - - 0.3 0.3 -
+ Finance Lease Liabilities 2.2 - - - - -
Unearned Revenue, Current 10.2 26.1 59.7 108.3 139.3 150.5
= Unearned Revenue, Current - - - - - 150.5
+ Contract Liabilities 10.2 26.1 59.7 108.3 139.3 -
Other Current Liabilities 5.4 6.1 8.6 18.5 9.4 21.9
= Other Current Liabilities 6.4 7.8 11.0 22.2 15.0 21.9
- Current Portion Of Lease Liabilities 1.0 1.7 2.4 3.4 5.3 -
- Current Portion of Capital Leases - - - 0.3 0.3 -
Total Current Liabilities 31.9 48.4 96.3 162.9 223.4 232.5
Long-Term Debt - - 97.3 100.0 87.6 396.5
= Long-term Borrowings - - 97.3 100.0 87.6 -
+ Long-term Debt - - - - - 343.8
+ Long-term Debt - - - - - 52.7
Long-Term Leases 26.0 27.3 28.3 49.8 71.3 69.3
= Long Term Portion Of Lease Liabilities - - - - - 54.1
+ Noncurrent Operating Lease Liabilities - - 28.3 34.3 56.1 -
+ Long-term Portion of Capital Lease - - - - - 15.2
+ Non Current Lease Liabilities 26.0 27.3 - - - -
+ Non-current Finance Lease Liabilities - - - 15.6 15.2 -
Def. Tax Liability, Non-Curr. - - 0.5 0.1 0.4 0.5
= Deferred Tax Liability, Non-current - - - - - 0.5
+ Deferred Tax Liabilities - - 0.5 0.1 0.4 -
Other Non-Current Liabilities 0.0 - 60.0 3.0 3.9 4.2
= Public and private warrant liabilities - - 58.2 - - -
+ Other Non-current Liabilities 1.3 - 1.8 3.0 3.9 4.2
- Preferred Stock Equity Adjustments 1.3 - - - - -
Total Liabilities 58.0 75.7 282.4 315.9 386.7 703.0
Pref. Stock, Convertible 254.5 275.0 - - - -
= Preferred Stock Convertible 5.5 5.5 - - - -
+ Preferred Stock Convertible 21.5 21.5 - - - -
+ Preferred Stock Convertible 16.5 16.5 - - - -
+ Preferred Stock Convertible 73.4 73.4 - - - -
+ Preferred Stock Convertible 137.6 137.6 - - - -
+ Preferred Stock Convertible - 20.5 - - - -
Pref. Stock, Other 1.3 3.9 - - - -
= Preferred Stock Equity Adjustments 1.3 3.9 - - - -
Total Pref. Equity 255.7 278.9 - - - -
Common Stock - 0.0 0.0 0.0 0.0 0.0
= Common Stock - Par Value - 0.0 0.0 0.0 0.0 0.0
Additional Paid In Capital 14.2 19.9 1,002.1 1,113.0 1,176.5 1,148.5
= Additional Paid in Capital 14.2 19.9 1,002.1 1,113.0 1,176.5 1,148.5
Retained Earnings (132.7) (187.7) (305.0) (441.0) (623.5) (667.8)
= Accumulated Deficit (132.7) (187.7) (305.0) (441.0) (623.5) -
+ Retained Earnings - - - - - (667.8)
Treasury Stock - - - - - -
Comprehensive Inc. and Other (0.1) 1.1 1.3 1.1 1.5 (1.8)
= Accumulated Other Comprehensive Income - 1.1 1.3 1.1 1.5 -
+ Accumulated Other Comprehensive Loss (0.1) - - - - -
+ Comprehensive Income - - - - - (1.8)
Total Common Equity (118.5) (166.7) 698.4 673.2 554.5 478.9
Total Equity 137.2 112.2 698.4 673.2 554.5 478.9
Total Liabilities And Equity 195.2 187.9 980.8 989.1 941.2 1,181.9
Supplemental Items
Total Shares Out. on Filing Date 8.0 8.7 464.8 477.6 489.1 492.8
= Common Stock - - 464.8 477.6 489.1 492.8
+ Old Common Stock - 8.7 - - - -
Total Shares Out. on Balance Sheet Date 8.0 8.7 450.2 475.4 488.9 492.7
= Common Stock - - 450.2 475.4 488.9 492.7
+ Old Common Stock - 8.7 - - - -
Book Value/Share ($14.79) ($19.26) $1.55 $1.42 $1.13 $0.97
Tangible Book Value (119.9) (181.2) 597.7 522.5 415.4 341.1
Tangible Book Value/Share ($14.95) ($20.94) $1.33 $1.1 $0.85 $0.69
Total Debt 29.3 29.0 130.8 156.5 182.3 476.8
Net Debt (66.6) (23.8) (560.2) (324.5) (141.7) (84.3)
Debt Equivalent Oper. Leases 22.0 20.4 26.8 40.9 57.3 NA
Inventory Method NA NA NA NA NA NA
Raw Materials Inventory 8.5 14.0 21.5 33.4 45.1 42.1
Work in Progress Inventory 5.6 12.1 24.2 50.7 53.6 48.8
Finished Goods Inventory NA NA 2.2 8.2 9.2 8.9
Buildings 7.1 20.3 25.1 36.5 59.7 62.8
Machinery 23.0 27.6 30.5 61.8 94.6 104.2
Construction in Progress 11.7 10.2 22.4 26.8 26.0 19.6
Full Time Employees NA 531 758 1,400 1,650 NA
Order Backlog NA NA NA NA 1,046.1 1,015.3
Filing Date May-10-2021 Mar-24-2022 Feb-28-2024 Feb-28-2024 Feb-28-2024 May-06-2024
Restatement Type O NC NC NC O O
Calculation Type REP REP RUP REP REP REP
Note: For multiple class companies, total share counts are primary class equivalent, and for foreign companies listed as primary ADRs, total share counts are ADR-equivalent.
