What is FFAI's loss on debt extinguishment?

FFAI (FFAI) reported loss on debt extinguishment of -$59.27M in Q4 2023.

How has FFAI's loss on debt extinguishment changed year-over-year?

FFAI's loss on debt extinguishment decreased by 223.8% year-over-year, from -$18.3M to -$59.27M.

What is the long-term trend for FFAI's loss on debt extinguishment?

Over 2 years (2021 to 2023), FFAI's loss on debt extinguishment has grown at a 65.2% compound annual growth rate (CAGR), from -$86.9M to -$237.06M.

What does loss on debt extinguishment mean?

Non-cash loss from retiring debt before maturity, added back in operating cash flow since the cash impact is in financing.

FFAI FFAI Loss on Debt Extinguishment

Loss on Debt Extinguishment at other companies

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-$213.75K—

Orion Group HoldingsORN

-$944.25K—

Consensus Cloud Solutions, Inc.CCSI

$0+100%

Silgan HoldingsSLGN

-$1.02M—

ADTADT

$0+100%

Zeta Global HoldingsZETA

$0—

Other financials

Income statement

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Revenue$512.0K+62.0%

Gross profit-$11.4M+46.0%

Operating income-$35.9M+18.1%

Net income-$38.9M-278%

EPS (diluted)-$0.18-28.6%

Balance sheet

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Cash & equivalents$12.3M+29.1%

Total debt$62.5M+46.4%

Total equity-$12.4M-109%

Total assets$250.1M-39.1%

Cash flow

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Operating cash flow-$31.5M-55.1%

CapEx$221.0K-85.9%

Free cash flow-$31.7M-45.0%

Valuation

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Market cap$80.37M-47.1%

Enterprise value$130.58M-31.4%

P/S109.8×-137×

Profitability

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Gross margin-12,032.7%+3,469pp

Operating margin-44,142.6%-130,545pp

Net margin-57,277.9%+66,395pp

FCF margin-17,083.3%+43,535pp

Returns & leverage

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Return on equity-320.2%-2,578pp

Debt / equity0.9×+0.8×

Current ratio0.4×0.0×

Where this comes from

Reported directly by FFAI in its filing.

Tagged under the XBRL concept us-gaap:GainsLossesOnExtinguishmentOfDebt.

The official record: FFAI’s 10-K, filed May 28, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is FFAI's loss on debt extinguishment?: FFAI (FFAI) reported loss on debt extinguishment of -$59.27M in Q4 2023.
How has FFAI's loss on debt extinguishment changed year-over-year?: FFAI's loss on debt extinguishment decreased by 223.8% year-over-year, from -$18.3M to -$59.27M.
What is the long-term trend for FFAI's loss on debt extinguishment?: Over 2 years (2021 to 2023), FFAI's loss on debt extinguishment has grown at a 65.2% compound annual growth rate (CAGR), from -$86.9M to -$237.06M.
What does loss on debt extinguishment mean?: Non-cash loss from retiring debt before maturity, added back in operating cash flow since the cash impact is in financing.