Benson Hill Investor Presentation Deck
Consolidated Statement of
Cash Flows
(In Thousands USD)
Operating activities
Net loss
Adjustments to reconcile net loss to net cash used in operating
activities:
Depreciation and amortization
Stock-based compensation expense
Bad debt
expense
Change in fair value of warrants and conversion options
Amortization related to financing activities
Loss on extinguishment of debt
Loss on divestiture of discontinued operations
Impairment
Loss on investments and amortization on premiums
Other
Changes in operating assets and liabilities:
Accounts receivable
Inventories
Other assets
Accounts payable
Accrued expenses
Other liabilities
Net cash used in operating activities
Investing activities
Purchases of marketable securities
Proceeds from maturities of marketable securities
Proceeds from sales of marketable securities
Payments for acquisitions of property and equipment
Payments made in connection with business acquisitions
Proceeds from divestitures of discontinued operations
Net cash used in investing activities
Year Ended December 31,
2022
2021
(127,905) $
22,836
19,520
863
(49,063)
9,279
10,246
11,579
4,755
4,579
(3,070)
(4,663)
6,542
(5,313)
6,419
(93,396)
(372,170)
139,063
193,25
(16,486)
(1,034)
17,131
(40,246)
(126,247)
12,817
7,183
309
(12,127)
1,389
11,742
(65)
(7,038)
(11,690)
(13,149)
11,293
7,539
294
(117,750)
(648,923)
2,499
639,612
(31,490)
(116,287)
(154,589)
Financing activities
Net contributions from Merger, at-the-market offering and PIPE financing, net of transaction
costs of $4,087 and $34,940 for 2022 and 2021, respectively
Payments for extinguishment of debt
Principal payments on debt
Proceeds from issuance of debt
Borrowing under revolving line of credit
Repayments under revolving line of credit
Proceeds from issuance of redeemable convertible preferred stock, net of costs
Retirement of redeemable convertible preferred stock
Repayments of financing lease obligations
Proceeds from the exercise of stock options and warrants
Net cash provided by financing activities
Effect of exchange rate changes on cash
Net increase (decrease) in cash, cash equivalents and restricted cash
Cash, cash equivalents and restricted cash, beginning of
year
Cash, cash equivalents and restricted cash, end of year
Supplemental disclosure of cash flow information
Cash paid for taxes
Cash paid for interest
Supplemental disclosure of non-cash activities
Issuance of Notes Payable Warrants and Convertible Notes Payable Warrants
Conversion of Notes Payable Warrants upon Merger
Public Warrants and Private Placement Warrants acquired in Merger
Issuance of conversion option
Purchases of property and equipment included in accounts payable and accrued
expenses and other current liabilities
Purchases of inventory included in accounts payable and accrued expenses and
other current liabilities
Financing leases
$
$
LA LA
$
LA
$
$
$
A
LA
Year Ended December 31,
2022
2021
81,109
(7,288)
23,540
19,774
(19,821)
(1,630)
2,325
98,009
(9)
(35,642)
78,963
43,321
57
14,398
||||
3,058
1,553
806
$
$
LA LA
$
LA
$
tA
$
+A
$
$
AA
$
LA
$
LA
tA
$
285,378
(43,082)
(4,400)
103,634
20,954
(20,907)
(703)
681
341,555
4
69,220
9,743
78,963
53
6,591
6,663
4,576
50,850
8,783
3,578
1,854
46,021View entire presentation