Exhibit 99.2
Faraday Future Intelligent Electric Inc.
Condensed Consolidated Balance Sheet
(in thousands)
(Unaudited)
August 31, 2022 | ||||
Assets | ||||
Current assets | ||||
Cash | $ | 42,539 | ||
Restricted cash | 2,468 | |||
Deposits | 51,415 | |||
Other current assets | 27,983 | |||
Total current assets | 124,406 | |||
Property and equipment, net | 397,436 | |||
Right of use assets | 20,564 | |||
Other non-current assets | 6,650 | |||
Total assets | $ | 549,055 | ||
Liabilities and Stockholders’ Equity | ||||
Current liabilities | ||||
Accounts payable | $ | 70,770 | ||
Accrued expenses and other current liabilities | 107,009 | |||
Related party accrued interest | 12,660 | |||
Accrued interest | 109 | |||
Operating lease liabilities, current portion | 3,479 | |||
Finance lease liabilities, current portion | 1,903 | |||
Related party notes payable | 12,729 | |||
Notes payable, current portion | 5,177 | |||
Total current liabilities | 213,835 | |||
Finance lease liabilities, less current portion | 6,980 | |||
Operating lease liabilities, less current portion | 18,084 | |||
Other liabilities, less current portion | 3,681 | |||
Notes payable, less current portion | 49,949 | |||
Total liabilities | 292,529 | |||
Commitments and contingencies | ||||
Stockholders’ equity | ||||
Class A Common Stock, $0.0001 par value | 32 | |||
Class B Common Stock, $0.0001 par value | 6 | |||
Additional paid-in capital | 3,578,120 | |||
Accumulated other comprehensive loss | (417 | ) | ||
Accumulated deficit | (3,321,215 | ) | ||
Total stockholders’ equity | 256,526 | |||
Total liabilities and stockholders’ equity | $ | 549,055 |