Company: PLSAY
Filing Date: 2025-04-23
Form Type: 20-F/A
Source: 0001884082-25-000005
Chunk: 85

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-04-23
Form: 20-F/A
Chunk 85
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 amount outstanding as of December 31, 2023 and 2022 to related parties amounted to $44.9 million and , $17.1 million respectively.

Sale leaseback facilities

Polestar has also entered into contracts to sell vehicles and then lease such vehicles back for a period of up to twelve months. At the end of the lease back period, Polestar is obligated to re-purchase the vehicles. Due to this repurchase obligation, these transactions are accounted for as financial liabilities. As such, consideration received for these transactions was recorded as a financing transaction. As of December 31, 2023 and December 31, 2022, $26.9 million and $21.6 million of this financing obligation was outstanding, respectively.

#### Cash flows
All figures presented in the table below are in thousands of U.S. dollars unless otherwise stated. Additionally, certain figures have been restated. Refer to Note 31 - Restatement of financial statements for details.

|                                       |     | For the year ended December 31, 
 2023                            |     |            | 2022 |     |            | 2021 |     |          |
|:--------------------------------------|:----|:--------------------------------|:----|-----------:|:-----|:----|-----------:|:-----|:----|---------:|
| Cash used for operating activities    |     |                                 |     | -1,893,841 |      |     | -1,080,951 |      |     | -324,050 |
| Cash used for investing activities    |     |                                 |     |   -417,619 |      |     |   -709,044 |      |     | -126,937 |
| Cash provided by financing activities |     |                                 |     |  2,104,361 |      |     |  2,074,161 |      |     |  918,718 |

#### Cash used for operating activities
Cash used for operating activities for the year ended December 31, 2023 was $1,893.8 million, an increase of $812.9 million compared to $1,081.0 million for the year ended December 31, 2022. The change is primarily attributable to net loss adjusted for non-cash expenses as well as negative changes in working capital during the year ended December 31, 2023. Negative changes in working capital which led to operating cash outflows in 2023 are largely attributable to