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Rivian Automotive, Inc. / DE

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19
   10-K10-K10-K10-K
Revenues  1,6585500
            Revenue growth  2914.5%   
Cost of goods sold  4,78152000
Gross profit  -3,123-46500
            Gross margin  -188.4%-845.5%  
Selling, general and administrative  1,7891,242255108
Research and development  1,9441,850766301
Other operating expenses   663  
EBITDA   [+]-6,204-4,023-992-402
            EBITDA margin  -374.2%-7314.5%  
Depreciation and amortization  652197297
EBIT   [+]-6,856-4,220-1,021-409
            EBIT margin  -413.5%-7672.7%  
Interest income, net   [+]90-262-16
Other income (expense), net  18-4421-1
Pre-tax income  -6,748-4,688-1,018-426
Income taxes  4000
            Tax rate   0.0%0.0%0.0%
Net income  -6,752-4,688-1,019-426
            Net margin  -407.2%-8523.6%  
   
Basic EPS   [+]($7.40)($22.98)($10.09)($4.35)
Diluted EPS   [+]($7.40)($22.98)($10.09)($4.35)
   
Shares outstanding (basic)   [+]91320410198
Shares outstanding (diluted)   [+]91320410198
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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