Company: PLSAY
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001884082-25-000012
Chunk: 171

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-05-09
Form: 20-F
Item: Item 5
Chunk 171
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 Fair value change - Class C Shares                                                                        (2,500)       (22,000)       (35,090)  
  Fair value change - Earn-out rights                                                                     (126,624)      (443,168)      (902,068)  
  Finance expense                                                                                           393,785        213,242        108,402  
  Finance income                                                                                           (23,879)       (69,565)        (8,552)  
  Income tax benefit (expense)                                                                              (9,166)        (9,452)         29,757  
  Depreciation and amortization                                                                             113,849        135,360        155,535  
  Impairment of property plant and equipment, vehicles under operating leases, and intangible assets        622,092        339,568              —  
  Gains / losses on disposals of investments                                                                  4,622        (5,442)         11,036  
  Unusual other operating income and expense 1                                                              (2,345)         25,676              —  
  Adjusted EBITDA                                                                                                 $              $              $  

1 - In 2024 relates to the reduction in litigation provision, net of insurance. In 2023 relates to litigation expense, net of insurance.

Free Cash Flow

                                                  For the year ended December 31,                                    
                                                                             2024             2023             2022  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net cash used for operating activities                                (991,209)      (1,893,841)      (1,080,951)  
  Additions to property, plant and equipment                            (147,894)        (137,400)         (32,269)  
  Additions to intangible assets                                        (209,101)        (435,584)        (674,275)  
  Free cash flow                                                                $                $                $  

C. Research and Development, Patents and Licenses, etc.

Full details of our research and development activities and expenditures are given under the description of the “ Research and development expenses” in “ Results of operations” within this “ Operating and Financial Review and Prospects” section as well as under "Innovation" within "Business Overview - Design, Innovation and Sustainability - Innovation" in Item 4. B.

D. Trend information

Other than what is disclosed elsewhere in this Report, Polestar