Cash flow Archer Aviation Inc.

Equities

ACHR

US03945R1023

Aerospace & Defense

Market Closed - Nyse Other stock markets 04:00:02 2025-01-16 pm EST			After market 07:00:05 pm
9.090 ^USD	+3.41%		9.140	+0.55%

Jan. 10	JPMorgan Downgrades Archer Aviation to Neutral From Overweight, Adjusts Price Target to $9 From $6	MT
Dec. 30	Sector Update: Tech Stocks Slide Late Afternoon	MT

936a0b62486343dc2d57.s9xiQW76MEi5jFzy5foB1c4oXA1iAaqfYi76GH3kuPc._qkyEhqUcw3x9iShkpRKlp1qL0oma__dEk-Ncy-h7LjkpQNyPcgCesz8Lw

Published financial data: ARCHER AVIATION INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Selling General & Admin Expenses, Total	122K	3.49M	177M	165M	168M
R&D Expenses	769K	21.1M	64.3M	172M	276M
Other Operating Expenses, Total	891K	24.59M	241M	337M	445M
Operating Income	-891K	-24.59M	-241M	-337M	-445M
Interest Expense, Total	-53K	-232K	-1M	-2M	-1.3M
Interest And Investment Income	-	-	-	4.3M	17.7M
Net Interest Expenses	-53K	-232K	-1M	2.3M	16.4M
Other Non Operating Income (Expenses)	-	-2K	-107M	17M	-30M
EBT, Excl. Unusual Items	-944K	-24.82M	-349M	-317M	-458M
Other Unusual Items	-	-	900K	-	-
EBT, Incl. Unusual Items	-944K	-24.82M	-348M	-317M	-458M
Income Tax Expense	-	1K	-	-	-500K
Earnings From Continuing Operations	-944K	-24.82M	-348M	-317M	-458M
Net Income to Company	-944K	-24.82M	-348M	-317M	-458M
Net Income - (IS)	-944K	-24.82M	-348M	-317M	-458M
Net Income to Common Incl Extra Items	-944K	-24.82M	-348M	-317M	-458M
Net Income to Common Excl. Extra Items	-944K	-24.82M	-348M	-317M	-458M
Per Share Items
Net EPS - Basic	-0.02	-0.49	-3.14	-1.32	-1.69
Basic EPS - Continuing Operations	-0.02	-0.49	-3.14	-1.32	-1.69
Basic Weighted Average Shares Outstanding	50M	50.16M	111M	240M	270M
Net EPS - Diluted	-0.02	-0.49	-3.14	-1.32	-1.69
Diluted EPS - Continuing Operations	-0.02	-0.49	-3.14	-1.32	-1.69
Diluted Weighted Average Shares Outstanding	50M	50.16M	111M	240M	270M
Normalized Basic EPS	-0.01	-0.31	-1.97	-0.82	-1.06
Normalized Diluted EPS	-0.01	-0.31	-1.97	-0.82	-1.06
Supplemental Items
EBITDA	-	-24.45M	-240M	-332M	-438M
EBITA	-891K	-24.58M	-241M	-337M	-445M
EBIT	-891K	-24.59M	-241M	-337M	-445M
EBITDAR	-	-24.35M	-238M	-326M	-432M
Effective Tax Rate - (Ratio)	-	-0	-	-	0.11
Current Domestic Taxes	-	1K	-	-	-
Current Foreign Taxes	-	-	-	-	-500K
Total Current Taxes	-	1K	-	-	-500K
Normalized Net Income	-590K	-15.51M	-218M	-198M	-286M
Interest on Long-Term Debt	-	-	-	2M	1.3M
Supplemental Operating Expense Items
General and Administrative Expenses	122K	3.4M	177M	165M	168M
Research And Development Expense From Footnotes	1.54M	42.19M	64.3M	172M	276M
Net Rental Expense, Total	-	96K	2.1M	6M	6.3M
Imputed Operating Lease Interest Expense	-	43.45K	1.28M	4.24M	2.89M
Imputed Operating Lease Depreciation	-	52.55K	822K	1.76M	3.41M
Stock-Based Comp., R&D Exp. (Total)	-	-	3.7M	26.1M	28.9M
Stock-Based Comp., G&A Exp. (Total)	-	-	120M	76.7M	16.3M
Stock-Based Comp., Other (Total)	-	175K	-	-	-
Total Stock-Based Compensation	-	175K	124M	103M	45.2M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	10.15M	36.56M	747M	69.4M	465M
Short Term Investments	-	-	-	462M	-
Total Cash And Short Term Investments	10.15M	36.56M	747M	531M	465M
Prepaid Expenses	6K	762K	7.6M	9.8M	7.9M
Restricted Cash	-	-	-	2.9M	6.9M
Other Current Assets, Total	7K	43K	300K	1.6M	800K
Total Current Assets	10.16M	37.37M	755M	546M	480M
Gross Property Plant And Equipment	4K	4.05M	11.8M	27M	75.9M
Accumulated Depreciation	-	-139K	-1.4M	-3.6M	-9.4M
Net Property Plant And Equipment	4K	3.91M	10.4M	23.4M	66.5M
Other Intangibles, Total	-	497K	500K	400K	400K
Deferred Charges Long-Term	-	-	-	-	6.4M
Other Long-Term Assets, Total	-	-	2.7M	4.5M	800K
Total Assets	10.17M	41.78M	768M	574M	554M
Liabilities
Accounts Payable, Total	110K	2.1M	3.4M	3.6M	14.3M
Accrued Expenses, Total	43K	161K	10.7M	30.4M	38.3M
Current Portion of Long-Term Debt	-	645K	9.5M	9.3M	-
Current Portion of Leases	-	816K	3.1M	3.7M	2.8M
Current Income Taxes Payable	-	1K	600K	300K	1.4M
Other Current Liabilities	-	117K	1M	6M	57.2M
Total Current Liabilities	153K	3.84M	28.3M	53.3M	114M
Long-Term Debt	5M	260K	9.3M	-	7.2M
Long-Term Leases	-	1.48M	1.2M	9.2M	13.2M
Unearned Revenue Non Current	-	-	-	-	10.8M
Other Non Current Liabilities	47K	268K	30.7M	18M	42M
Total Liabilities	5.2M	5.86M	69.5M	80.5M	187M
Preferred Stock Convertible	5.94M	61.53M	-	-	-
Total Preferred Equity	5.94M	61.53M	-	-	-
Common Stock, Total	5K	5K	-	-	-
Additional Paid In Capital	-	186K	1.07B	1.18B	1.52B
Retained Earnings	-977K	-25.8M	-374M	-691M	-1.15B
Comprehensive Income and Other	-	-	-	-800K	-
Total Common Equity	-972K	-25.61M	699M	493M	367M
Total Equity	4.97M	35.92M	699M	493M	367M
Total Liabilities And Equity	10.17M	41.78M	768M	574M	554M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	50M	51.99M	235M	247M	311M
ECS Total Common Shares Outstanding	50M	51.32M	238M	242M	304M
Book Value / Share	-0.02	-0.5	2.94	2.04	1.21
Tangible Book Value	-972K	-26.11M	698M	493M	367M
Tangible Book Value Per Share	-0.02	-0.51	2.94	2.04	1.21
Total Debt	5M	3.21M	23.1M	22.2M	23.2M
Net Debt	-5.15M	-33.36M	-724M	-509M	-441M
Debt Equivalent Oper. Leases	-	768K	16.8M	48M	50.4M
Account Code - Inventory Valuation	-	3	3	3	3
Machinery, Total	4K	1.57M	5.3M	6M	13.3M
Full Time Employees	-	70	209	390	578

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-944K	-24.82M	-348M	-317M	-458M
Depreciation & Amortization - CF	-	139K	1.27M	4.4M	6.5M
Amortization of Goodwill and Intangible Assets - (CF)	-	3K	33K	-	-
Depreciation & Amortization, Total	-	142K	1.3M	4.4M	6.5M
Amortization of Deferred Charges, Total - (CF)	-	-	200K	500K	700K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-4.9M	-2.3M
Asset Writedown & Restructuring Costs	-	-	7M	2.9M	17.5M
Stock-Based Compensation (CF)	-	175K	124M	103M	45.2M
Other Operating Activities, Total	53K	292K	108M	-8M	106M
Change In Accounts Payable	52K	1.64M	-800K	-100K	9.2M
Change in Other Net Operating Assets	30K	-326K	400K	19.3M	4M
Cash from Operations	-809K	-22.9M	-108M	-200M	-272M
Capital Expenditure	-4K	-1.4M	-3.5M	-6.9M	-44.3M
Sale (Purchase) of Intangible assets	-	-500K	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-457M	465M
Cash from Investing	-4K	-1.9M	-3.5M	-464M	421M
Long-Term Debt Issued, Total	5.6M	905K	20M	-	28.2M
Total Debt Issued	5.6M	905K	20M	-	28.2M
Long-Term Debt Repaid, Total	-	-	-	-10M	-10M
Total Debt Repaid	-	-	-	-10M	-10M
Issuance of Common Stock	-	11K	600K	100K	97.9M
Repurchase of Common Stock	-	-	-	-	-3.5M
Issuance of Preferred Stock	5.34M	50.3M	-	-	-
Other Financing Activities, Total	-8K	-	802M	-	138M
Cash from Financing	10.93M	51.21M	822M	-9.9M	250M
Net Change in Cash	10.12M	26.42M	710M	-675M	399M
Supplemental Items
Cash Interest Paid	-	-	700K	1.5M	800K
Levered Free Cash Flow	-	-15.66M	-23.45M	-92.32M	-201M
Unlevered Free Cash Flow	-	-15.51M	-23.02M	-91.58M	-201M
Change In Net Working Capital	-	-1.44M	-6.2M	-18.5M	-69.6M
Net Debt Issued / Repaid	5.6M	905K	20M	-10M	18.2M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-	-59.17	-37.18	-31.35	-49.29
Return on Total Capital	-	-62.6	-39.58	-34	-61.38
Return On Equity %	-	-121.4	-94.67	-53.23	-106.44
Return on Common Equity	-	186.77	-94.67	-53.23	-106.44
Short Term Liquidity
Current Ratio	66.42	9.72	26.67	10.23	4.21
Quick Ratio	66.33	9.51	26.39	9.97	4.08
Operating Cash Flow to Current Liabilities	-5.29	-5.96	-3.83	-3.76	-2.38
Long Term Solvency
Total Debt/Equity	100.48	8.92	3.31	4.5	6.32
Total Debt / Total Capital	50.12	8.19	3.2	4.31	5.94
LT Debt/Equity	100.48	4.86	1.5	1.86	5.56
Long-Term Debt / Total Capital	50.12	4.46	1.45	1.78	5.23
Total Liabilities / Total Assets	51.1	14.02	9.04	14.03	33.77
EBIT / Interest Expense	-16.81	-105.98	-241	-168.3	-342.15
EBITDA / Interest Expense	-	-104.96	-237.6	-163.1	-332.31
(EBITDA - Capex) / Interest Expense	-	-110.99	-241.1	-166.55	-366.38
Total Debt / EBITDA	-	-0.13	-0.1	-0.07	-0.05
Net Debt / EBITDA	-	1.37	3.05	1.56	1.02
Total Debt / (EBITDA - Capex)	-	-0.12	-0.1	-0.07	-0.05
Net Debt / (EBITDA - Capex)	-	1.3	3	1.53	0.93
Growth Over Prior Year
EBITDA, 1 Yr. Growth %	-	-	882.38	38.59	31.94
EBITA, 1 Yr. Growth %	-	2.66K	879.66	39.67	32.14
EBIT, 1 Yr. Growth %	-	2.66K	879.67	39.67	32.14
Earnings From Cont. Operations, 1 Yr. Growth %	-	2.53K	1.3K	-8.77	44.31
Net Income, 1 Yr. Growth %	-	2.53K	1.3K	-8.77	44.31
Normalized Net Income, 1 Yr. Growth %	-	2.53K	1.31K	-9	44.47
Diluted EPS Before Extra, 1 Yr. Growth %	-	2.52K	534.73	-57.95	28.34
Net Property, Plant and Equip., 1 Yr. Growth %	-	97.72K	166.67	125	184.19
Total Assets, 1 Yr. Growth %	-	310.97	1.74K	-25.33	-3.4
Tangible Book Value, 1 Yr. Growth %	-	2.59K	1.87K	-29.42	-25.6
Common Equity, 1 Yr. Growth %	-	2.53K	1.85K	-29.42	-25.58
Cash From Operations, 1 Yr. Growth %	-	2.73K	375.44	84.87	35.53
Capital Expenditures, 1 Yr. Growth %	-	34.9K	150	97.14	542.03
Levered Free Cash Flow, 1 Yr. Growth %	-	-	50.9	287.72	117.83
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	49.37	292.6	119.49
Compound Annual Growth Rate Over Two Years
EBITDA, 2 Yr. CAGR %	-	-	-	268.98	35.22
EBITA, 2 Yr. CAGR %	-	-	1.54K	269.93	35.85
EBIT, 2 Yr. CAGR %	-	-	1.54K	269.9	35.85
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	1.82K	257.69	14.74
Net Income, 2 Yr. CAGR %	-	-	1.82K	257.69	14.74
Normalized Net Income, 2 Yr. CAGR %	-	-	1.82K	257.69	14.66
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	1.19K	63.37	-26.54
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	5K	144.95	152.87
Total Assets, 2 Yr. CAGR %	-	-	769.4	270.5	-15.07
Tangible Book Value, 2 Yr. CAGR %	-	-	2.58K	273.15	-27.54
Common Equity, 2 Yr. CAGR %	-	-	2.58K	270.69	-27.53
Cash From Operations, 2 Yr. CAGR %	-	-	1.06K	196.47	58.29
Capital Expenditures, 2 Yr. CAGR %	-	-	2.86K	122	255.77
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	143.74	190.61
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	143.73	193.55
Compound Annual Growth Rate Over Three Years
EBITDA, 3 Yr. CAGR %	-	-	-	-	161.9
EBITA, 3 Yr. CAGR %	-	-	-	622.9	162.48
EBIT, 3 Yr. CAGR %	-	-	-	622.9	162.47
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	595.29	164.31
Net Income, 3 Yr. CAGR %	-	-	-	595.29	164.31
Normalized Net Income, 3 Yr. CAGR %	-	-	-	595.29	164.4
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	311.91	50.74
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	1.7K	157.39
Total Assets, 3 Yr. CAGR %	-	-	-	283.59	136.7
Tangible Book Value, 3 Yr. CAGR %	-	-	-	697.44	117.99
Common Equity, 3 Yr. CAGR %	-	-	-	697.65	117.05
Cash From Operations, 3 Yr. CAGR %	-	-	-	528.03	128.38
Capital Expenditures, 3 Yr. CAGR %	-	-	-	1.1K	216.29
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	134.78
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	135.37