Charlotte's Web Holdings, Inc. (CWBHF) Financial Statements (2024 and earlier)

Company Profile

Business Address 700 TECH COURT
LOUISVILLE, CO 80027
State of Incorp. BC
Fiscal Year End December 31
Industry (SIC) 01 - Agricultural Production Crops (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments66,96319,494
Cash and cash equivalents66,96319,494
Receivables2,42017,087
Inventory, net of allowances, customer advances and progress billings26,95352,077
Inventory26,95352,077
Prepaid expense2,6126,224
Deposits current assets2,313925
Other undisclosed current assets2,500 
Total current assets:103,76195,807
Noncurrent Assets
Operating lease, right-of-use asset16,51920,679
Property, plant and equipment29,33036,085
Long-term investments and receivables 1,037
Long-term investments  
Accounts and financing receivable, after allowance for credit loss  1,037
Intangible assets, net (including goodwill)1,7712,843
Intangible assets, net (excluding goodwill)1,7712,843
Other noncurrent assets5,7702,062
Other undisclosed noncurrent assets30,49113,000
Total noncurrent assets:83,88175,706
TOTAL ASSETS:187,642171,513
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10,91714,619
Accounts payable4,0185,049
Accrued liabilities6,8999,570
Other undisclosed current liabilities10,5105,551
Total current liabilities:21,42720,170
Noncurrent Liabilities
Long-term debt and lease obligation37,42120,500
Long-term debt, excluding current maturities37,421 
Liabilities, other than long-term debt17,905 
Operating lease, liability17,90520,500
Derivative instruments and hedges, liabilities  
Other undisclosed noncurrent liabilities33,384(20,103)
Total noncurrent liabilities:88,71020,897
Total liabilities:110,13741,067
Equity
Equity, attributable to parent77,505130,446
Common stock11
Additional paid in capital325,431319,059
Accumulated deficit(247,927)(188,614)
Total equity:77,505130,446
TOTAL LIABILITIES AND EQUITY:187,642171,513

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
Revenues74,13996,092
Cost of revenue
(Cost of Goods and Services Sold)
(54,728)(47,507)
Gross profit:19,41148,585
Operating expenses(71,897)(195,644)
Operating loss:(52,486)(147,059)
Nonoperating income74451
Investment income, nonoperating  
Other nonoperating income (expense)74451
Loss from continuing operations before equity method investments, income taxes:(51,742)(147,008)
Other undisclosed income (loss) from continuing operations before income taxes(7,480)9,429
Loss from continuing operations before income taxes:(59,222)(137,579)
Income tax expense(91)(143)
Loss from continuing operations:(59,313)(137,722)
Loss before gain (loss) on sale of properties:(137,722)
Net loss available to common stockholders, diluted:(59,313)(137,722)

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
Net loss:(59,313)(137,722)
Comprehensive loss, net of tax, attributable to parent:(59,313)(137,722)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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