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As a side hobby - I enjoy a bit of forensic accounting. Anyone have any idea where these SPACs were showing up on the balance sheet? I'm not seeing any Goodwi
by somethoughts 4y ago
As a side hobby - I enjoy a bit of forensic accounting.
Anyone have any idea where these SPACs were showing up on the balance sheet?
I'm not seeing any Goodwill - which is a common location for these type of deals.
Were they sticking it under current assets - cash and cash equivalents?
Actually I do see marketable securities going from $234M at the end of 2021 in their 10K to $57M in November 2022's 10Q.
But that's not near the $400M amount - "The data-analysis company invested more than $400 million in startups that simultaneously signed deals to buy Palantir’s software."
http://edgar.secdatabase.com/1986/132165522000032/filing-main.htm http://edgar.secdatabase.com/1986/132165522000032/filing-mai...
Interestingly I did find the Palantir 13F list of holdings.
http://edgar.secdatabase.com/2477/95012322003032/filing-main.htm http://edgar.secdatabase.com/2477/95012322003032/filing-main...
And it does look like the SPAC investments add up to ~$220M.
- chrisgd 4y agoI would think the 13F filing is the numbers you are looking for. Almost every SPAC that deSPAC’d (acquired a private company) is below the $10 mark that all SPACs close deals at, so even if this was the full list, it looks like they lost almost half, I would wager it is much more now. Edit: here is most recent. https://www.sec.gov/Archives/edgar/data/1321655/000095012322012355/xslForm13F_X01/18136.xml https://www.sec.gov/Archives/edgar/data/1321655/000095012322...
- somethoughts 4y agoInteresting - the cumulative 13F valuation does add up to ~$57M which is their current 'marketable securities". Its quite surprising that such assets show up on the balance sheet as current cash.
- chrisgd 4y agoI think all current assets would equate to being able to sell in 12 months. S