What is Lucid Group, Inc.'s contract liabilities?

Lucid Group, Inc. (LCID) reported contract liabilities of $13.4M in Q3 2021.

What does contract liabilities mean?

Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

Lucid Group, Inc. LCID Contract Liabilities

Discontinued — last reported Q3 '21

Contract Liabilities at other companies

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$0—

AutoNationAN

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LAD

Lithia MotorsLAD

$466.6M+9.6%

Beta Technologies BETA

$13.23M—

Rivian Automotive, Inc.RIVN

——

BorgWarnerBWA

——

Segments

By product

See full

Vehicle Sales with OTA and Remarketing$88.5M+49.7%

Vehicle Sales With OTA, Maintenance Services, and Remarketing$87.5M+64.2%

Other financials

Income statement

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Revenue$282.5M+20.2%

Gross profit-$311.7M-36.4%

Operating income-$989.5M-43.0%

Net income-$1.0B-181%

EPS (diluted)-$3.46-43.6%

Balance sheet

See full

Cash & equivalents$765.7M-58.7%

Total debt$3.9B+51.5%

Total equity-$351.4M-111%

Total assets$7.5B-18.8%

Cash flow

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Operating cash flow-$1.2B-177%

CapEx$253.2M+57.0%

Free cash flow-$1.4B-144%

Valuation

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Market cap$2.01B-57.4%

Profitability

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Gross margin-95.6%-8.3pp

Operating margin-271.1%-46.9pp

Net margin-239.8%-27.6pp

FCF margin-331.8%+13.5pp

Returns & leverage

See full

Return on equity-117.6%+947pp

Debt / equity5.4×+4.8×

Current ratio1×-2.3×

Where this comes from

Reported directly by Lucid Group, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.

The official record: Lucid Group, Inc.’s 10-Q, filed November 15, 2021, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lucid Group, Inc.'s contract liabilities?: Lucid Group, Inc. (LCID) reported contract liabilities of $13.4M in Q3 2021.
What does contract liabilities mean?: Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.