| Proprietary and Confidential - Do not Distribute 21 Cash Flow Statement Successor Predecessor (unaudited) January 16, January 1, six months 2020 2020 EVgo HoldCo, LLC (Successor) and EVgo Services, LLC (Predecessor) ended through through Consolidated Cash Flow Statement June 30, June 30, January 15, ($ as stated) 2021 2020 2020 Cash flows from operating activities Net loss ($35,031,618) ($24,795,323) ($420,865) Adjustments to reconcile net loss to net cash provided by (used in) operating activities Depreciation, amortization, and accretion $10,207,361 $8,540,764 $367,659 Net loss on disposal of property and equipment 346,628 295,153 – Share based compensation 1,010,319 451,638 12,733 Interest on note payable, related party 1,914,611 401,561 – Other 96,577 104,286 – Changes in operating assets and liabilities Accounts receivable, net (160,782) 527,387 32,963 Receivables from related parties ––(333,527) Prepaid expenses and other current and noncurrent assets 278,822 852,103 (45,882) Accounts payable (1,338,931) (549,195) 315,011 Accrued expenses 1,284,507 (788,978) (247,585) Deferred revenue 20,777,818 (252,562) (36,866) Customer deposits (1,122,690) (306,966) 12,538 Payables to related parties 1,419,254 140,483 (1,031) Other current and noncurrent liabilities (1,039,143) (32,704) – Net cash provided by (used in) operating activities ($1,357,267) ($15,412,353) ($344,852) Cash flows from investing activities Purchases of property and equipment ($23,340,749) ($7,568,384) ($165,608) Net cash used in investing activities ($23,340,749) ($7,568,384) ($165,608) Cash flows from financing activities Proceeds from note payable, related party $24,000,000 $20,750,000 – Payments on note payable, related party (5,500,000) –– Capital-build funding, net 1,337,030 2,933,067 – Payment of deferred offering costs (1,652,088) –– Contributions – 5,316,124 – Net cash provided by financing activities $18,184,942 $28,999,191 – Net (decrease) increase in cash ($6,513,074) $6,018,454 ($510,460) Cash, beginning of period 7,914,150 257,288 1,403,172 Cash and restricted cash, end of period $1,401,076 $6,275,742 $892,712 |