Hyliion Holdings Corp

NYSE American:HYLNUnited States

------- -------- Cash flows from operating activities Net loss $(37,650) $ (94,380) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 2,140 1,796 Amortization and accretion of investments, net (2,489) (1,821) Noncash lease expense 1,291 1,072 Inventory write-down -- 992 Gain on disposal of assets, including assets held for sale (2,109) (1) Share-based compensation 3,541 5,170 Carrying value adjustment to assets held for sale 5,564 -- Changes in operating assets and liabilities: Accounts receivable (580) 996 Inventory -- (1,057) Prepaid expenses and other assets (5,215) (1,200) Accounts payable (2,655) 555 Accrued expenses and other liabilities (4,018) (3,295) Operating lease liabilities (1,111) (1,254) ------- -------- Net cash used in operating activities (43,291) (92,427) Cash flows from investing activities Purchase of property and equipment (10,548) (6,755) Proceeds from sale of property and equipment 4,110 2 Payments for security deposit, net -- (45) Purchase of investments (55,383) (170,197) Proceeds from sale and maturity of investments 126,686 178,556 ------- -------- Net cash provided by investing activities 64,865 1,561 Cash flows from financing activities Proceeds from exercise of common stock options 67 230 Taxes paid related to net share settlement of equity awards (393) (232) Repurchase of treasury stock (13,982) -- ------- -------- Net cash used in financing activities (14,308) (2) Net increase (decrease) in cash and cash equivalents and restricted cash 7,266 (90,868) Cash and cash equivalents and restricted cash, beginning of period 21,464 120,133 ------- -------- Cash and cash equivalents and restricted cash, end of period $ 28,730 $ 29,265 ======= ========