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Revenue Recognition | 3 Months Ended
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Mar. 31, 2023
Revenue Recognition |
Revenue Recognition | Note 3 – Revenue Recognition The table below presents a disaggregation of EVgo’s revenue for the three months ended March 31, 2023 and 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended
​ | ​ | March 31,
(in thousands) |  | 2023 |  | 2022
Charging revenue, retail |  | $ | 6,615 |  | $ | 3,502
Charging revenue, commercial | ​ |  | 1,715 | ​ |  | 709
Charging revenue, OEM | ​ |  | 552 | ​ |  | 151
Regulatory credit sales | ​ |  | 1,215 | ​ |  | 1,378
Network revenue, OEM | ​ |  | 2,699 | ​ |  | 490
eXtend revenue | ​ | ​ | 10,292 | ​ | ​ | 80
Ancillary revenue | ​ |  | 2,212 | ​ |  | 1,390
Total revenue | ​ | $ | 25,300 | ​ | $ | 7,700
​ The following table provides information about contract assets and liabilities from contracts with customers as of March 31, 2023 and December 31, 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​ | December 31, | ​ | Change
(dollars in thousands) | ​ | 2023 |  | 2022 |  | $ |  | ​ | %
Contract assets | ​ | $ | — | ​ | $ | 2,861 | ​ | $ | (2,861) | ​ | ​ | (100) | %
Contract liabilities | ​ | $ | 74,537 | ​ | $ | 57,790 | ​ | $ | 16,747 | ​ | ​ | 29 | %
​ There were no contract assets as of March 31, 2023 compared to $2.9 million as of December 31, 2022 which was driven by the difference between the timing of when revenue is recognized from performance obligations satisfied in the current reporting period and when amounts are invoiced to the customer. Contract liabilities as of March 31, 2023 increased $16.7 million, or 29%, to $74.5 million compared to $57.8 million as of December 31, 2022 due to receipt of cash payments partially offset by the satisfaction of performance obligations. ​ The following table provides the activity for the contract liabilities recognized during the three months ended March 31, 2023: ​
​ | ​ | ​ | ​
(in thousands) | ​ | ​ | ​
Balance as of December 31, 2022 | ​ | $ | 57,790
Additions | ​ |  | 27,471
Recognized in revenue | ​ | ​ | (10,654)
Marketing activities recognized on a net basis | ​ |  | (70)
Balance as of March 31, 2023 | ​ | $ | 74,537
​ Revenues for the three months ended March 31, 2023 and 2022 include the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended
​ | ​ | March 31,
(in thousands) | ​ | 2023 |  | 2022
Amounts included in the beginning of period contract liability balance | ​ | $ | 4,000 | ​ | $ | 1,202
Amounts associated with performance obligations satisfied in previous periods | ​ | $ | 25 | ​ | $ | 5
​ It is anticipated that deferred revenue as of March 31, 2023 will be recognized for the following periods ending December 31, as follows: ​
​ | ​ | ​ | ​
(in thousands) | ​ | ​ | ​
2023 | ​ | $ | 18,978
2024 | ​ |  | 10,636
2025 | ​ |  | 14,371
2026 | ​ |  | 7,164
​ | ​ | $ | 51,149
​ ASC 606 does not require disclosure of the transaction price to remaining performance obligations if the contract contains variable consideration allocated entirely to a wholly unsatisfied performance obligation. Under many customer contracts, each unit of product represents a separate performance obligation and therefore future volumes are wholly unsatisfied and thus disclosure of the transaction price allocated to a wholly unsatisfied performance obligations is not required. Under these contracts, variability arises as both volume and pricing are not known until the product is delivered. As of March 31, 2023 and December 31, 2022, there was $10.6 million and $8.7 million, respectively, in variable consideration for wholly unsatisfied performance obligations, which is included in deferred revenue on the condensed consolidated balance sheets.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI https://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 + Details
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