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March 2023
March 2023
February 2023
February 2023
February 2023
December 2022
November 2022
September 2022
September 2022
August 2022
Cover - USD ($) $ in Millions | 12 Months Ended | ||
---|---|---|---|
Dec. 31, 2022 | Feb. 21, 2023 | Jun. 30, 2022 | |
Cover [Abstract] | |||
Document Type | 10-K | ||
Document Annual Report | true | ||
Current Fiscal Year End Date | --12-31 | ||
Document Period End Date | Dec. 31, 2022 | ||
Document Transition Report | false | ||
Entity File Number | 001-38823 | ||
Entity Registrant Name | HYLIION HOLDINGS CORP. | ||
Entity Incorporation, State or Country Code | DE | ||
Entity Tax Identification Number | 83-2538002 | ||
Entity Address, Address Line One | 1202 BMC Drive | ||
Entity Address, Address Line Two | Suite 100 | ||
Entity Address, City or Town | Cedar Park | ||
Entity Address, State or Province | TX | ||
Entity Address, Postal Zip Code | 78613 | ||
City Area Code | 833 | ||
Local Phone Number | 495-4466 | ||
Title of 12(b) Security | Common Stock | ||
Trading Symbol | HYLN | ||
Security Exchange Name | NYSE | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Accelerated Filer | ||
Entity Small Business | false | ||
Entity Emerging Growth Company | false | ||
ICFR Auditor Attestation Flag | true | ||
Entity Shell Company | false | ||
Entity Public Float | $ 432 | ||
Entity Common Stock, Shares Outstanding | 179,986,901 | ||
Documents Incorporated by Reference | Portions of the registrant’s definitive proxy statement for the 2023 Annual Meeting of Stockholders, to be filed no later than 120 days after the end of the fiscal year to which this Annual Report on Form 10-K relates, are incorporated by reference into Part III of this Annual Report on Form 10-K. | ||
Amendment Flag | false | ||
Entity Central Index Key | 0001759631 | ||
Document Fiscal Year Focus | 2022 | ||
Document Fiscal Period Focus | FY |
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Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Hyliion Holdings Corp..
Hyliion Holdings Corp.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2023 10-K Annual Report includes:
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We expect our selling, general and administrative expenses to remain relatively flat in the near term or increase slowly compared to 2022 spending levels.
We consider factors such as, but not limited to, which entity has the primary responsibility for fulfilling the promise to provide the specified good or service, which entity has inventory risk before the specified good or service has been transferred to a customer and which entity has discretion in establishing the price for the specified good or service.
Research and Development Expense Research and development expenses consist primarily of costs incurred for the discovery and development of our electrified powertrain solutions, which include: personnel-related expenses including salaries, benefits, travel and share-based compensation, for personnel performing research and development activities; fees paid to third parties such as contractors for outsourced engineering services and to consultants; expenses related to truck components for development and test vehicles, materials, supplies and other third-party services; depreciation for equipment used in research and development activities; acquired in-process research and development from asset acquisition; and allocation of general overhead costs.
Results of Operations Comparison of Years Ended December 31, 2022 and 2021 The following table summarizes our results of operations on a consolidated basis for the years ended December 31, 2022 and 2021 (in thousands, except share and per share data): Revenue Sales increased $1.9 million, driven by sales associated with our Hybrid products.
Contractual Obligations and Capital Resources We manage our use of cash in the operation of our business to support the execution of our primary strategic goals including the design, development and sale of electrified powertrain systems for long haul Class 8 semi-trucks.
However, even with this approach...Read more
Customer Demand In 2022, we...Read more
Factors that could cause or...Read more
Cash flows were primarily due...Read more
Future share-based compensation cost will...Read more
New and Recently Adopted Accounting...Read more
We believe the credit quality...Read more
The unrealized gains and losses...Read more
If there are any modifications...Read more
Our primary short-term cash needs...Read more
Purchase Commitments - Purchase obligations...Read more
Revenue Recognition Revenue is comprised...Read more
Cost of Revenue Cost of...Read more
If the acquired set of...Read more
The fair values of assets,...Read more
This will limit the usage...Read more
Eligible investments under the Company's...Read more
While our significant accounting policies...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Material Contracts, Statements, Certifications & more
Hyliion Holdings Corp. provided additional information to their SEC Filing as exhibits
Ticker: HYLN
CIK: 1759631
Form Type: 10-K Annual Report
Accession Number: 0001759631-23-000011
Submitted to the SEC: Tue Feb 28 2023 4:32:12 PM EST
Accepted by the SEC: Tue Feb 28 2023
Period: Saturday, December 31, 2022
Industry: Truck And Bus Bodies