Lucid Group, Inc. (LCID) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

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Lucid Group, Inc. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Proceeds from issuance of Series C redeemable convertible preferred stock to a related party - Series C Derivative Liability → financing reconciliation: $550,000,000.00Proceeds from borrowings from related parties → financing reconciliation: $500,000,000.00Proceeds from issuance of common stock - 2026 Underwriting Agreement → financing reconciliation: $292,500,000.00Proceeds from issuance of common stock - 2026 Subscription Agreement → financing reconciliation: $200,000,000.00Proceeds from employee stock purchase plan → financing reconciliation: $9,833,000.00Proceeds from exercise of stock options → financing reconciliation: $17,000.00financing reconciliation → Net cash from financing activities: $1,545,816,000.00financing reconciliation → Payments for credit facility issuance costs to related parties: $3,750,000.00financing reconciliation → Payment for finance lease liabilities: $1,249,000.00financing reconciliation → Payments of issuance costs for Series C redeemable convertible preferred stock - Series C Derivative Liability: $750,000.00financing reconciliation → Payments of issuance costs - 2026 Underwriting Agreement: $579,000.00financing reconciliation → Tax withholding payments for net settlement of employee awards: $206,000.00investing reconciliation → Purchases of property, plant and equipment (including $(117,355) and $(67,668) from a related party for the six months ended June 30, 2026 and 2025, respectively): $253,827,000.00investing reconciliation → Purchases of investments (including nil and $(30,000) from a related party for the six months ended June 30, 2026 and 2025, respectively): $28,512,000.00Net cash used in operating activities → operating reconciliation: $1,222,231,000.00Inventory and firm purchase commitments write-downs → operating reconciliation: $299,271,000.00Depreciation and amortization → operating reconciliation: $122,222,000.00Stock-based compensation → operating reconciliation: $46,609,000.00Other assets → operating reconciliation: $45,155,000.00Non-cash operating lease cost → operating reconciliation: $18,035,000.00Amortization of insurance premium → operating reconciliation: $9,991,000.00Other non-cash items → operating reconciliation: $4,945,000.00operating reconciliation → Net loss: $1,034,851,000.00operating reconciliation → Inventory: $269,157,000.00operating reconciliation → Accounts payable: $127,253,000.00operating reconciliation → Other liabilities: $122,033,000.00operating reconciliation → Change in fair value of derivative liabilities and subscription agreements associated with redeemable convertible preferred stock (related party): $102,790,000.00operating reconciliation → Accounts receivable (including $(66,041) and $(5,599) from a related party for the six months ended June 30, 2026 and 2025, respectively): $93,104,000.00operating reconciliation → Prepaid expenses: $18,573,000.00operating reconciliation → Change in fair value of equity securities of a related party: $549,000.00operating reconciliation → Net accretion of investment discounts/premiums: $149,000.00Net cash used in investing activities → investing reconciliation: $282,339,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $765,720,000.00Net cash from financing activities → Cash sources and uses: $1,545,816,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $806,966,000.00Cash sources and uses → Net cash used in investing activities: $282,339,000.00Cash sources and uses → Net cash used in operating activities: $1,222,231,000.00Net loss: -$1,034,851,000.00Net loss−$1.03 BDepreciation and amortization: $122,222,000.00Depreciation and amortization+$122.22 MAmortization of insurance premium: $9,991,000.00Insurance premium amort.+$9.99 MNon-cash operating lease cost: $18,035,000.00Operating lease amortization+$18.04 MStock-based compensation: $46,609,000.00Stock-based compensation+$46.61 MInventory and firm purchase commitments write-downs: $299,271,000.00Inventory & purchase write-downs+$299.27 MChange in fair value of common stock warrant liability: $0.00Change in fair value of equity securities of a related party: -$549,000.00Unrealized equity gain & loss−$549.00 KChange in fair value of derivative liabilities and subscription agreements associated with redeemable convertible preferred stock (related party): -$102,790,000.00Derivative gain & loss, net−$102.79 MNet accretion of investment discounts/premiums: -$149,000.00Investment discount & premium−$149.00 KGain on extinguishment of debt: $0.00Other non-cash items: $4,945,000.00Other non-cash items+$4.95 MAccounts receivable (including $(66,041) and $(5,599) from a related party for the six months ended June 30, 2026 and 2025, respectively): -$93,104,000.00Accounts receivable−$93.10 MInventory: -$269,157,000.00Inventories−$269.16 MPrepaid expenses: -$18,573,000.00Prepaid expenses−$18.57 MOther assets: $45,155,000.00Other operating assets+$45.16 MAccounts payable: -$127,253,000.00Accounts payable−$127.25 MOther liabilities: -$122,033,000.00Other operating liabilities−$122.03 MNet cash used in operating activities: -$1,222,231,000.00. Cash required to fund net payments.Operating cash−$1.22 Boperating reconciliation: $1,768,459,000.00Proceeds from issuance of common stock - 2026 Subscription Agreement: $200,000,000.00Common stock issued: subscription+$200.00 MProceeds from issuance of common stock - 2026 Underwriting Agreement: $292,500,000.00Common stock issued: underwriting+$292.50 MPayments of issuance costs - 2026 Underwriting Agreement: -$579,000.00Stock issuance costs−$579.00 KProceeds from issuance of Series C redeemable convertible preferred stock to a related party - Series C Derivative Liability: $550,000,000.00Convertible preferred issued+$550.00 MPayments of issuance costs for Series C redeemable convertible preferred stock - Series C Derivative Liability: -$750,000.00Preferred issuance costs paid−$750.00 KPayments of transaction costs: $0.00Proceeds from issuance of 2030 Notes: $0.00Purchase of capped calls: $0.00Repurchase of 2026 Notes: $0.00Proceeds from borrowings from related parties: $500,000,000.00Related-party debt issued+$500.00 MProceeds from exercise of stock options: $17,000.00Stock option exercises+$17.00 KProceeds from employee stock purchase plan: $9,833,000.00Stock plan proceeds+$9.83 MTax withholding payments for net settlement of employee awards: -$206,000.00Stock-award tax withholding−$206.00 KPayment for finance lease liabilities: -$1,249,000.00Finance lease payments−$1.25 MPayments for credit facility issuance costs to related parties: -$3,750,000.00Facility costs paid, related−$3.75 MNet cash from financing activities: $1,545,816,000.00Financing cash+$1.55 Bfinancing reconciliation: $1,552,350,000.00Purchases of property, plant and equipment (including $(117,355) and $(67,668) from a related party for the six months ended June 30, 2026 and 2025, respectively): -$253,827,000.00PP&E purchases−$253.83 MProceeds from maturities of investments (including $50,000 and nil from a related party for the six months ended June 30, 2026 and 2025, respectively): $0.00Proceeds from sale of investments: $0.00Purchases of investments (including nil and $(30,000) from a related party for the six months ended June 30, 2026 and 2025, respectively): -$28,512,000.00Investment purchases−$28.51 MNet cash used in investing activities: -$282,339,000.00. Cash required to fund net payments.Investing cash−$282.34 Minvesting reconciliation: $282,339,000.00Cash sources and uses: $2,311,536,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $765,720,000.00Beginning cash$765.72 MEnding cash: Cash, cash equivalents, and restricted cash: $806,966,000.00Ending cash$806.97 MCASH RECONCILIATIONFinancingflowsInvestingflowsOperatingflowsNet loss −$1.03B − net operating adjustments $187.38M = operating cash −$1.22BFree cash flow−$1.48 BOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change+$41.25 MEnding cash − beginning cash
Chart details

Lucid Group, Inc. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
765,720,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
negative 1,222,231,000 US dollars. Net cash used.
Net loss
negative 1,034,851,000 US dollars
Depreciation and amortization
122,222,000 US dollars
Amortization of insurance premium
9,991,000 US dollars
Non-cash operating lease cost
18,035,000 US dollars
Stock-based compensation
46,609,000 US dollars
Inventory and firm purchase commitments write-downs
299,271,000 US dollars
Change in fair value of common stock warrant liability
0 US dollars
Change in fair value of equity securities of a related party
negative 549,000 US dollars
Change in fair value of derivative liabilities and subscription agreements associated with redeemable convertible preferred stock (related party)
negative 102,790,000 US dollars
Net accretion of investment discounts/premiums
negative 149,000 US dollars
Gain on extinguishment of debt
0 US dollars
Other non-cash items
4,945,000 US dollars
Accounts receivable (including $(66,041) and $(5,599) from a related party for the six months ended June 30, 2026 and 2025, respectively)
negative 93,104,000 US dollars
Inventory
negative 269,157,000 US dollars
Prepaid expenses
negative 18,573,000 US dollars
Other assets
45,155,000 US dollars
Accounts payable
negative 127,253,000 US dollars
Other liabilities
negative 122,033,000 US dollars
Investing activities
negative 282,339,000 US dollars. Net cash used.
Purchases of property, plant and equipment (including $(117,355) and $(67,668) from a related party for the six months ended June 30, 2026 and 2025, respectively)
negative 253,827,000 US dollars
Proceeds from maturities of investments (including $50,000 and nil from a related party for the six months ended June 30, 2026 and 2025, respectively)
0 US dollars
Proceeds from sale of investments
0 US dollars
Purchases of investments (including nil and $(30,000) from a related party for the six months ended June 30, 2026 and 2025, respectively)
negative 28,512,000 US dollars
Financing activities
1,545,816,000 US dollars. Net cash provided.
Proceeds from issuance of common stock - 2026 Subscription Agreement
200,000,000 US dollars
Proceeds from issuance of common stock - 2026 Underwriting Agreement
292,500,000 US dollars
Payments of issuance costs - 2026 Underwriting Agreement
negative 579,000 US dollars
Proceeds from issuance of Series C redeemable convertible preferred stock to a related party - Series C Derivative Liability
550,000,000 US dollars
Payments of issuance costs for Series C redeemable convertible preferred stock - Series C Derivative Liability
negative 750,000 US dollars
Payments of transaction costs
0 US dollars
Proceeds from issuance of 2030 Notes
0 US dollars
Purchase of capped calls
0 US dollars
Repurchase of 2026 Notes
0 US dollars
Proceeds from borrowings from related parties
500,000,000 US dollars
Proceeds from exercise of stock options
17,000 US dollars
Proceeds from employee stock purchase plan
9,833,000 US dollars
Tax withholding payments for net settlement of employee awards
negative 206,000 US dollars
Payment for finance lease liabilities
negative 1,249,000 US dollars
Payments for credit facility issuance costs to related parties
negative 3,750,000 US dollars
Operating adjustment reconciliation
1,768,459,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
1,552,350,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
282,339,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Jun 30, 2026
806,966,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
2,311,536,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
41,246,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
Operating cash flow
negative 1,222,231,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
253,827,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 1,476,058,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net loss −$1.03B − net operating adjustments $187.38M = operating cash −$1.22B. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: negative 1,222,231,000 US dollars minus 253,827,000 US dollars equals negative 1,476,058,000 US dollars.
Lucid Group, Inc. (LCID) FY2026 Q2 Statement of Cash Flows Sankey chart
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