Cash flow Riot Platforms, Inc.

Equities

RIOT

US7672921050

Blockchain & Cryptocurrency

Market Closed - Nasdaq Other stock markets 16:00:00 2024-12-10 EST			5-day change	1st Jan Change
11.10 ^USD	-0.98%		-8.57%	-28.25%

12-10	Sector Update: Tech Stocks Mixed Premarket Tuesday	MT
12-10	Riot Platforms Prices $525 Million in Convertible Notes	MT

5c88723a12ce761bb4b4fb6b3bb13149.3_NelMA36X4tj38_4al7xJcOV9-4TsORIxbu7tV8Zk0.qZEU3fNcjARO1hNPlf8kr9VGbrPbPInfayWG24JJFQGpwwvAnw6bOkDGOg

Published financial data: RIOT PLATFORMS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	6.84M	12.08M	213M	259M	281M
Other Revenues, Total	-	-	97K	97K	97K
Total Revenues	6.84M	12.08M	213M	259M	281M
Cost of Goods Sold, Total	502K	3.95M	82.09M	194M	254M
Gross Profit	6.34M	8.13M	131M	65.48M	26.34M
Selling General & Admin Expenses, Total	14.75M	12.55M	87.43M	67.45M	100M
R&D Expenses	-	-	-	-	-
Depreciation & Amortization - (IS)	119K	4.49M	26.32M	108M	252M
Other Operating Expenses	844K	989K	36.46M	147M	-185M
Other Operating Expenses, Total	15.72M	18.03M	150M	323M	168M
Operating Income	-9.38M	-9.9M	-19.06M	-257M	-142M
Interest Expense, Total	-122K	-	-296K	-	-
Interest And Investment Income	37K	85K	-	454K	8.22M
Net Interest Expenses	-85K	85K	-296K	454K	8.22M
Other Non Operating Income (Expenses)	-8.38M	5.18M	21.26M	129M	78.2M
EBT, Excl. Unusual Items	-17.84M	-4.64M	1.9M	-128M	-55.2M
Merger & Related Restructuring Charges	-	-	-21.2M	-78K	-
Impairment of Goodwill	-	-	-	-336M	-
Gain (Loss) On Sale Of Investments	-	-9.41M	12.6M	-9M	-
Gain (Loss) On Sale Of Assets	1.14M	29K	-	16.28M	-5.34M
Asset Writedown	-700K	-	-	-55.54M	-
Insurance Settlements	-	-	-	-	5.97M
Other Unusual Items	-3.04M	1.36M	-975K	-9.53M	-
EBT, Incl. Unusual Items	-20.45M	-12.67M	-7.67M	-521M	-54.56M
Income Tax Expense	-143K	-	254K	-11.75M	-5.09M
Earnings From Continuing Operations	-20.3M	-12.67M	-7.93M	-510M	-49.47M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	-20.3M	-12.67M	-7.93M	-510M	-49.47M
Minority Interest	264K	-7K	-	-	-
Net Income - (IS)	-20.04M	-12.67M	-7.93M	-510M	-49.47M
Net Income to Common Incl Extra Items	-20.04M	-12.67M	-7.93M	-510M	-49.47M
Net Income to Common Excl. Extra Items	-20.04M	-12.67M	-7.93M	-510M	-49.47M
Per Share Items
Net EPS - Basic	-1.02	-0.3	-0.08	-3.65	-0.28
Basic EPS - Continuing Operations	-1.02	-0.3	-0.08	-3.65	-0.28
Basic Weighted Average Shares Outstanding	19.6M	41.98M	93.45M	139M	175M
Net EPS - Diluted	-1.02	-0.3	-0.08	-3.65	-0.28
Diluted EPS - Continuing Operations	-1.02	-0.3	-0.08	-3.65	-0.28
Diluted Weighted Average Shares Outstanding	19.6M	41.98M	93.45M	139M	175M
Normalized Basic EPS	-0.56	-0.07	0.01	-0.57	-0.2
Normalized Diluted EPS	-0.56	-0.07	0.01	-0.57	-0.2
Supplemental Items
EBITDA	-9.26M	-5.41M	7.26M	-149M	111M
EBITA	-9.3M	-9.74M	-18.84M	-257M	-136M
EBIT	-9.38M	-9.9M	-19.06M	-257M	-142M
EBITDAR	-3.67M	-3.11M	8.01M	-146M	115M
Total Revenues (As Reported)	6.84M	12.08M	213M	259M	281M
Effective Tax Rate - (Ratio)	0.7	-	-3.31	2.25	9.33
Current Domestic Taxes	-	-	254K	789K	-48K
Total Current Taxes	-	-	254K	789K	-48K
Deferred Domestic Taxes	-143K	-	-	-12.54M	-5.04M
Deferred Foreign Taxes	-	-	-	-	-
Total Deferred Taxes	-143K	-	-	-12.54M	-5.04M
Normalized Net Income	-10.89M	-2.91M	1.18M	-79.87M	-34.5M
Interest on Long-Term Debt	122K	-	296K	-	-
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	-	-	-	-	-
Net Rental Expense, Total	5.6M	2.3M	748K	3.38M	3.99M
Imputed Operating Lease Interest Expense	5.29M	-	-	-	-
Imputed Operating Lease Depreciation	304K	-	-	-	-
Stock-Based Comp., R&D Exp. (Total)	-	-	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	745K	3.41M	68.49M	24.56M	32.17M
Stock-Based Comp., Other (Total)	-	-	1.16M	-	-
Total Stock-Based Compensation	745K	3.41M	69.65M	24.56M	32.17M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	7.44M	223M	312M	230M	597M
Short Term Investments	-	-	10.8M	-	-
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	7.44M	223M	323M	230M	597M
Accounts Receivable, Total	-	-	25.26M	46.68M	40.06M
Total Receivables	-	-	25.26M	46.68M	40.06M
Inventory	-	-	-	-	-
Prepaid Expenses	1.35M	1.26M	7.14M	32.66M	29.11M
Other Current Assets, Total	3.84M	11.63M	218M	134M	342M
Total Current Assets	12.63M	236M	574M	443M	1.01B
Gross Property Plant And Equipment	7.82M	14.49M	307M	836M	1.08B
Accumulated Depreciation	-2.4M	-4.35M	-30.74M	-122M	-359M
Net Property Plant And Equipment	5.42M	10.14M	276M	714M	725M
Long-term Investments	9.72M	310K	310K	-	4.71M
Goodwill	-	-	349M	-	-
Other Intangibles, Total	459K	336K	14.16M	21.48M	15.7M
Loans Receivable Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	2.15M	33.09M	318M	141M	297M
Total Assets	30.38M	280M	1.53B	1.32B	2.05B
Liabilities
Accounts Payable, Total	717K	718K	20.04M	18.44M	23.16M
Accrued Expenses, Total	2.19M	1.58M	9.96M	48.84M	38.88M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	300K
Current Portion of Leases	368K	-	1.18M	2.01M	2.42M
Unearned Revenue Current, Total	97K	97K	8.11M	11.33M	6.53M
Other Current Liabilities	-	-	70.59M	40.92M	49.73M
Total Current Liabilities	3.37M	2.4M	110M	122M	121M
Long-Term Debt	-	-	-	-	500K
Long-Term Leases	-	-	12.26M	20.24M	18.92M
Unearned Revenue Non Current	776K	679K	19.8M	17.87M	15.8M
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	-	-	31.69M	8.87M	6.82M
Total Liabilities	4.14M	3.08M	174M	169M	163M
Preferred Stock Convertible	22K	22K	11K	-	-
Total Preferred Equity	22K	22K	11K	-	-
Common Stock, Total	243M	507M	1.6B	1.91B	2.69B
Retained Earnings	-217M	-230M	-238M	-756M	-800M
Comprehensive Income and Other	-	-	-	-	150K
Total Common Equity	26.22M	277M	1.36B	1.15B	1.89B
Minority Interest	-7K	-	-	-	-
Total Equity	26.24M	277M	1.36B	1.15B	1.89B
Total Liabilities And Equity	30.38M	280M	1.53B	1.32B	2.05B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	31.03M	84.12M	117M	167M	254M
ECS Total Common Shares Outstanding	25.08M	78.52M	117M	168M	231M
Book Value / Share	1.05	3.53	11.63	6.86	8.18
Tangible Book Value	25.76M	277M	994M	1.13B	1.87B
Tangible Book Value Per Share	1.03	3.52	8.51	6.74	8.11
Total Debt	368K	0	13.44M	22.25M	22.14M
Net Debt	-7.07M	-223M	-310M	-208M	-575M
Debt Equivalent Oper. Leases	44.76M	18.4M	5.98M	27M	31.9M
Minority Interest, Total (Incl. Fin. Div)	-7K	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	-	-	-	-	-
Inventories - Finished Goods, Total	-	-	-	-	-
Land - (BS)	-	-	-	10.16M	10.32M
Buildings, Total	-	-	78.55M	230M	349M
Machinery, Total	103K	83K	13.38M	36.33M	41.25M
Full Time Employees	6	8	335	489	534
Part Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	1.9M	1.5M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-20.04M	-12.67M	-7.93M	-510M	-49.47M
Depreciation & Amortization - CF	2.33M	4.69M	26.38M	120M	247M
Amortization of Goodwill and Intangible Assets - (CF)	86K	167K	224K	-	5.8M
Depreciation & Amortization, Total	2.42M	4.86M	26.6M	120M	252M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-1.14M	-29K	-	-16.28M	5.34M
(Gain) Loss on Sale of Investments - (CF)	-	9.41M	-12.6M	9M	-
Asset Writedown & Restructuring Costs	700K	-	-	391M	-
Stock-Based Compensation (CF)	745K	3.41M	69.65M	24.56M	32.17M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	11.72M	-5.64M	25.23M	-114M	-205M
Change In Accounts Receivable	-	-	-1.1M	-21.42M	-
Change In Inventories	-	-	-	-	-
Change In Accounts Payable	-1.89M	929K	-2.77M	-1.59M	-
Change in Unearned Revenues	-	-	-13.51M	1.39M	-
Change in Other Net Operating Assets	-9.38M	-11.41M	-170M	117M	-1.96M
Cash from Operations	-16.86M	-11.15M	-86.38M	530K	33.08M
Capital Expenditure	-4.96M	-41.23M	-422M	-343M	-424M
Sale of Property, Plant, and Equipment	-	146K	-	-	6.37M
Cash Acquisitions	-	-	-70.45M	-	-
Sale (Purchase) of Intangible assets	-38K	-44K	-30K	-9.53M	-34K
Investment in Marketable and Equity Securities, Total	-	-	1.8M	1.81M	-
Other Investing Activities, Total	3.2M	8.3M	295K	-3.81M	3M
Cash from Investing	-1.8M	-32.83M	-490M	-355M	-415M
Short Term Debt Issued, Total	3M	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	6.92M
Total Debt Issued	3M	-	-	-	6.92M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-950K	-	-	-	-6.06M
Total Debt Repaid	-950K	-	-	-	-6.06M
Issuance of Common Stock	24.82M	268M	686M	305M	778M
Repurchase of Common Stock	-	-446K	-5.08M	-10.14M	-14.04M
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-996K	-7.26M	-14.9M	-22.36M	-16.73M
Cash from Financing	25.88M	260M	666M	272M	749M
Net Change in Cash	7.22M	216M	88.93M	-81.99M	367M
Supplemental Items
Cash Interest Paid	-	-	-	-	84K
Cash Income Tax Paid (Refund)	-	-	-	-	680K
Levered Free Cash Flow	-14.53M	-47.5M	-469M	-330M	-428M
Unlevered Free Cash Flow	-14.46M	-47.5M	-469M	-330M	-428M
Change In Net Working Capital	6.76M	8.3M	131M	-39.25M	200M
Net Debt Issued / Repaid	2.05M	-	-	-	861K

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-26.51	-3.99	-1.32	-11.32	-5.25
Return on Total Capital	-35.77	-4.08	-1.45	-12.68	-5.74
Return On Equity %	-132.16	-8.35	-0.97	-40.77	-3.26
Return on Common Equity	-125.49	-8.36	-0.97	-40.77	-3.26
Margin Analysis
Gross Profit Margin %	92.66	67.3	61.5	25.26	9.39
SG&A Margin	215.8	103.89	41	26.03	35.75
EBITDA Margin %	-135.48	-44.78	3.4	-57.62	39.45
EBITA Margin %	-135.97	-80.6	-8.84	-99.27	-48.39
EBIT Margin %	-137.22	-81.98	-8.94	-99.27	-50.46
Income From Continuing Operations Margin %	-296.96	-104.85	-3.72	-196.61	-17.63
Net Income Margin %	-293.1	-104.91	-3.72	-196.61	-17.63
Net Avail. For Common Margin %	-293.1	-104.91	-3.72	-196.61	-17.63
Normalized Net Income Margin	-159.25	-24.07	0.56	-30.82	-12.29
Levered Free Cash Flow Margin	-212.58	-393.15	-219.97	-127.22	-152.39
Unlevered Free Cash Flow Margin	-211.46	-393.15	-219.88	-127.22	-152.39
Asset Turnover
Asset Turnover	0.31	0.08	0.24	0.18	0.17
Fixed Assets Turnover	2.51	1.55	1.49	0.52	0.39
Receivables Turnover (Average Receivables)	-	-	-	7.2	6.47
Short Term Liquidity
Current Ratio	3.75	98.57	5.22	3.65	8.33
Quick Ratio	2.21	93.19	3.17	2.28	5.27
Operating Cash Flow to Current Liabilities	-5.01	-4.65	-0.79	0	0.27
Days Sales Outstanding (Average Receivables)	-	-	-	50.67	56.42
Average Days Payable Outstanding	1.65K	66.47	46.14	36.26	29.85
Long Term Solvency
Total Debt/Equity	1.4	-	0.99	1.93	1.17
Total Debt / Total Capital	1.38	-	0.98	1.9	1.16
LT Debt/Equity	-	-	0.9	1.76	1.03
Long-Term Debt / Total Capital	-	-	0.89	1.72	1.02
Total Liabilities / Total Assets	13.64	1.1	11.34	12.77	7.95
EBIT / Interest Expense	-76.9	-	-64.41	-	-
EBITDA / Interest Expense	-30.07	-	27.05	-	-
(EBITDA - Capex) / Interest Expense	-70.7	-	-1.4K	-	-
Total Debt / EBITDA	-0.1	-	1.68	-0.15	0.19
Net Debt / EBITDA	1.93	44.3	-38.68	1.43	-5.01
Total Debt / (EBITDA - Capex)	-0.04	-	-0.03	-0.05	-0.07
Net Debt / (EBITDA - Capex)	0.82	4.83	0.75	0.43	1.86
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-12.85	76.7	1.67K	21.54	8.3
Gross Profit, 1 Yr. Growth %	-15.81	28.33	1.51K	-50.08	-59.76
EBITDA, 1 Yr. Growth %	-58.53	-41.6	-234.18	59.16K	-174.15