SOND · As filed with the SEC
Sonder Holdings cash flow statement, by fiscal year
The statement as Sonder Holdings presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF CASH FLOWS · USD thousands
| USD thousands | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net loss | — | — | — | (10,578.91) |
| Net loss | (224,087) | (295,668) | (165,742) | — |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Issuance costs related to warrant liabilities | — | — | — | 918.14 |
| Depreciation and amortization | 16,989 | 22,147 | 23,911 | — |
| Stock-based compensation | 8,005 | 28,494 | 22,957 | — |
| Amortization of operating lease ROU assets | 171,078 | 184,718 | 145,250 | — |
| Impairment losses | 13,164 | 59,165 | — | — |
| Straight-line rent | — | 0 | 0 | — |
| Lease adjustment gains, net | (93,175) | — | — | — |
| Credit loss expense | 9,170 | — | — | — |
| (Gain) loss on foreign exchange | (1,947) | (5,691) | 6,590 | — |
| Capitalization of paid-in-kind interest on long-term debt | — | — | 18,359 | — |
| Capitalization of paid-in-kind interest on long-term debt | 29,383 | 26,934 | — | — |
| Amortization of debt issuance costs | 129 | 12 | 151 | — |
| Amortization of debt discounts | 3,345 | 2,557 | 3,802 | — |
| Change in fair value of share-settled redemption feature and gain on conversion of convertible notes | — | — | (29,512) | — |
| Change in fair value of warrants | — | — | 0 | — |
| Change in fair value of share-settled redemption feature and gain on conversion of convertible notes | — | 0 | — | — |
| Change in fair value of warrants | — | (615) | — | — |
| Change in fair value of SPAC Warrants | (87) | 0 | (25,260) | 1,740 |
| Change in fair value of Earn Out Liability | — | (2,372) | — | — |
| Change in fair value of Earn Out Liability | (30) | — | (95,700) | — |
| Change in fair value of forward contracts | 28,652 | — | — | — |
| Loss on preferred stock issuance | 83,812 | — | — | — |
| Other operating activities | 1,658 | 1,123 | 2,206 | — |
| Changes in prepaid assets | — | — | — | (1,011.08) |
| Changes in accrued expenses, formation and offering costs | — | — | — | 6,064.82 |
| Changes in state franchise tax accrual | — | — | — | 197.08 |
| Accounts receivable | (15,340) | (2,591) | (1,693) | — |
| Prepaid expenses | 1,161 | 3,657 | (3,016) | — |
| Other current and non-current assets | (2,453) | (636) | 11,903 | — |
| Accounts payable | 11,558 | 6,810 | (28,120) | — |
| Accrued liabilities | (4,646) | 3,839 | 10,434 | — |
| Taxes payable | 8,907 | (727) | 6,074 | — |
| Deferred revenue | 10,227 | 20,068 | 22,400 | — |
| Operating lease ROU assets and operating lease liabilities, net | (186,750) | (162,327) | (73,858) | — |
| Other current and non-current liabilities | 2,055 | 199 | (151) | — |
| Net cash used in operating activities | (129,222) | (110,904) | (149,015) | (2,669.94) |
| Cash flows from investing activities: | ||||
| Cash deposited in Trust Account | — | — | — | (450,000) |
| Interest and dividends reinvested in the Trust Account | — | — | — | (63.41) |
| Purchase of property and equipment | (3,107) | (10,566) | (28,197) | — |
| Proceeds on the disposition of property and equipment | 1,558 | — | — | — |
| Proceeds of Key Money Investment | 7,500 | — | — | — |
| Capitalization of internal-use software | (222) | (1,796) | (2,796) | — |
| Net cash provided by (used in) investing activities | 5,729 | (12,362) | (30,993) | (450,063.41) |
| Cash flows from financing activities: | ||||
| Proceeds from sale of Units in initial public offering | — | — | — | 450,000 |
| Proceeds from sale of Private Placement Warrants to Sponsor | — | — | — | 11,000 |
| Payment of underwriters’ discounts and commissions | — | — | — | (9,000) |
| Proceeds from Delayed Draw Notes | — | 0 | 159,225 | — |
| Repayment of debt and payment of early termination fees | — | — | (27,745) | — |
| Repayment of debt and related fees | (1,011) | (35,240) | — | — |
| Proceeds from issuance of debt | 20,000 | 3,000 | 0 | — |
| Proceeds from business combination and PIPE offering | — | 0 | 325,928 | 250 |
| Proceeds from note payable—related party | — | — | — | 1,500 |
| Repayment of notes and advances payable – related party | — | — | — | (300) |
| Proceeds from sale of Class F common stock to Sponsor | — | — | — | 0 |
| Payment of issuance costs | (2,438) | 0 | (58,555) | (613.02) |
| Proceeds from exercise of stock options | — | — | 1,746 | — |
| Proceeds from exercise of stock options and common stock warrants | — | 8 | — | — |
| Proceeds from preferred stock issuance | 43,300 | 0 | 0 | — |
| Proceeds from exercise of stock options and common stock warrants | 0 | — | 0 | — |
| Net cash provided by (used in) financing activities | 59,851 | (32,232) | 400,599 | 452,836.98 |
| Effects of foreign exchange on cash | (801) | 2,809 | (1,346) | — |
| Net change in cash, cash equivalents, and restricted cash | (64,443) | (152,689) | 219,245 | 103.63 |
| Cash at beginning of period | — | — | 263.94 | 160.31 |
| Cash at end of period | — | — | — | 263.94 |
| Deferred underwriting compensation | — | — | — | 15,750 |
| Cash paid for income and state franchise taxes | — | — | — | 2.92 |
| Deferred offering costs | — | — | — | 0 |
| Cash, cash equivalents, and restricted cash at beginning of year | 136,497 | 289,186 | 69,941 | — |
| Cash, cash equivalents, and restricted cash at end of year | 72,054 | 136,497 | 289,186 | — |
| Cash paid for income taxes during the year | — | — | 490 | — |
| Cash paid for interest during the year | — | — | 2,486 | — |
| Accrued purchases of property and equipment | — | — | 306 | — |
| Conversion of Convertible Notes | — | — | 159,172 | — |
| Conversion of Legacy Sonder Warrants | — | — | 1,243 | — |
| Reclassification of liability-classified Legacy Sonder Warrants to equity | — | — | 2,111 | — |
| Recognition of Earn Out Liability | — | — | (98,117) | — |
| Recognition of SPAC Warrants | — | — | (38,135) | — |
| Issuance of Delayed Draw Warrants | — | — | 5,598 | — |
| Conversion of Post-Combination Exchangeable Shares | — | — | 49,733 | — |
| Conversion of Redeemable Convertible Preferred Stock | — | — | 518,750 | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.