Rivian Files 2023 10-K, Details Financials and Operations

TL;DR

**Rivian's 2023 10-K is out, giving a full financial picture for the year ending December 31, 2023.**

AI Summary

Rivian Automotive, Inc. filed its 10-K on February 26, 2024, for the fiscal year ended December 31, 2023. The filing details financial information for the period, including common stock and additional paid-in capital as of December 31, 2020, and covers operational data from January 1, 2021, through December 31, 2023. The company's business address is 14600 Myford Road, Irvine, CA 92618.

Why It Matters

This filing provides a comprehensive look into Rivian's financial health and operational performance, crucial for investors to assess its future viability in the competitive EV market.

Risk Assessment

Risk Level: medium — As an automotive manufacturer, Rivian faces significant capital expenditure, supply chain, and market adoption risks, typical for a growth-stage company in a competitive industry.

Key Numbers

• 2023-12-31 — Fiscal Year End (The period covered by this 10-K filing.)
• 0001874178 — Central Index Key (CIK) (Unique identifier for Rivian Automotive, Inc. / DE.)
• 14600 Myford Road — Business Address (Primary operational location for Rivian.)
• 3711 — SIC Code (Standard Industrial Classification for Motor Vehicles & Passenger Car Bodies.)
• 96 — Public Document Count (Number of documents included in the filing.)

Key Players & Entities

• Rivian Automotive, Inc. / DE (company) — Filing entity
• Irvine, CA (location) — Company headquarters
• December 31, 2023 (date) — Fiscal year end
• February 26, 2024 (date) — Filing date
• 001-41042 (identifier) — SEC File Number

FAQ

From the Filing

0001874178-24-000014.txt : 20240226 0001874178-24-000014.hdr.sgml : 20240226 20240226171454 ACCESSION NUMBER: 0001874178-24-000014 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 96 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240226 DATE AS OF CHANGE: 20240226 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Rivian Automotive, Inc. / DE CENTRAL INDEX KEY: 0001874178 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-41042 FILM NUMBER: 24680143 BUSINESS ADDRESS: STREET 1: 14600 MYFORD ROAD CITY: IRVINE STATE: CA ZIP: 92618 BUSINESS PHONE: (888) 748-4261 MAIL ADDRESS: STREET 1: 14600 MYFORD ROAD CITY: IRVINE STATE: CA ZIP: 92618 10-K 1 rivn-20231231.htm 10-K rivn-20231231 0001874178 2023 FY false Rivian Automotive, Inc. / DE http://rivian.com/20231231#OperatingLeaseLiabilityAndOtherLiabilitiesCurrent http://rivian.com/20231231#OperatingLeaseLiabilityAndOtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization http://rivian.com/20231231#OperatingLeaseLiabilityAndOtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent 0.0496771 0.042929 P7Y0M0D 0001874178 2023-01-01 2023-12-31 0001874178 2023-06-30 iso4217:USD 0001874178 us-gaap:CommonClassAMember 2024-02-16 xbrli:shares 0001874178 us-gaap:CommonClassBMember 2024-02-16 0001874178 2022-12-31 0001874178 2023-12-31 iso4217:USD xbrli:shares 0001874178 2021-01-01 2021-12-31 0001874178 2022-01-01 2022-12-31 0001874178 2020-12-31 0001874178 us-gaap:CommonStockMember 2020-12-31 0001874178 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001874178 us-gaap:RetainedEarningsMember 2020-12-31 0001874178 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0001874178 2020-01-01 2020-12-31 0001874178 us-gaap:CommonStockMember 2021-01-01 2021-12-31 0001874178 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-12-31 0001874178 us-gaap:RetainedEarningsMember 2021-01-01 2021-12-31 0001874178 2021-12-31 0001874178 us-gaap:CommonStockMember 2021-12-31 0001874178 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001874178 us-gaap:RetainedEarningsMember 2021-12-31 0001874178 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001874178 us-gaap:CommonStockMember 2022-01-01 2022-12-31 0001874178 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-12-31 0001874178 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0001874178 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0001874178 us-gaap:CommonStockMember 2022-12-31 0001874178 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001874178 us-gaap:RetainedEarningsMember 2022-12-31 0001874178 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001874178 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001874178 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-12-31 0001874178 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-12-31 0001874178 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0001874178 us-gaap:CommonStockMember 2023-12-31 0001874178 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001874178 us-gaap:RetainedEarningsMember 2023-12-31 0001874178 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 rivn:segment 0001874178 us-gaap:IPOMember 2021-11-15 2021-11-15 0001874178 us-gaap:IPOMember 2021-11-15 0001874178 us-gaap:OverAllotmentOptionMember 2021-11-15 2021-11-15 0001874178 2021-11-15 2021-11-15 0001874178 us-gaap:CashMember us-gaap:FairValueMeasurementsRecurringMember 2022-12-31 0001874178 us-gaap:CashMember us-gaap:FairValueMeasurementsRecurringMember 2023-12-31 0001874178 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member us-gaap:MoneyMarketFundsMember 2022-12-31 0001874178 us-gaap:Fai