MedMen Enterprises, Inc. (MMNFF) financial statements (2022 and earlier)

Company profile

Business Address 10115 JEFFERSON BOULEVARD
CULVER CITY, CA 90232
State of Incorp. BC
Fiscal Year End June 30
SIC 599 - Retail Stores, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
TTM
6/30/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4812
Cash and cash equivalents4812
Restricted cash and investments 0
Inventory, net of allowances, customer advances and progress billings2120
Inventory2120
Prepaid expense 2
Other current assets9 
Other undisclosed current assets5763
Total current assets:13597
Noncurrent Assets
Operating lease, right-of-use asset6977
Property, plant and equipment135138
Intangible assets, net (including goodwill)140148
Goodwill3333
Intangible assets, net (excluding goodwill)108115
Other noncurrent assets1212
Total noncurrent assets:356376
TOTAL ASSETS:491472
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:5457
Taxes payable7761
Interest and dividends payable 0
Other undisclosed accounts payable and accrued liabilities(23)(5)
Debt115104
Derivative instruments and hedges, liabilities217
Due to related parties11
Disposal group, including discontinued operation3633
Other liabilities12 
Other undisclosed current liabilities8686
Total current liabilities:326289
Noncurrent Liabilities
Long-term debt and lease obligation125329
Long-term debt, excluding current maturities 200
Finance lease, liability3029
Operating lease, liability95100
Liabilities, other than long-term debt34
Other liabilities34
Other undisclosed noncurrent liabilities256105
Total noncurrent liabilities:384437
Total liabilities:710726
Stockholders' equity
Stockholders' equity attributable to parent234192
Additional paid in capital1,025909
Accumulated deficit(791)(717)
Stockholders' equity attributable to noncontrolling interest(454)(445)
Total stockholders' equity:(219)(254)
TOTAL LIABILITIES AND EQUITY:491472

Income statement (P&L) ($ in millions)

12/31/2021
TTM
6/30/2021
Revenues160145
Cost of revenue(88)(78)
Gross profit:7267
Operating expenses(173)(135)
Operating loss:(101)(68)
Nonoperating income (expense)(30)58
Investment income, nonoperating(77) 
Gain (loss) on contract termination0(18)
Other nonoperating income4676
Interest and debt expense(5)16
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes10(152)
Loss from continuing operations before equity method investments, income taxes:(126)(145)
Other undisclosed loss from continuing operations before income taxes(23) 
Loss from continuing operations before income taxes:(149)(145)
Income tax expense (benefit)21(2)
Loss from continuing operations:(128)(147)
Loss from discontinued operations(15)(12)
Net loss:(143)(160)
Net income attributable to noncontrolling interest199124
Other undisclosed net income attributable to parent267193
Net income attributable to parent:323158
Other undisclosed net income available to common stockholders, basic17 
Net income available to common stockholders, diluted:340158

Comprehensive Income ($ in millions)

12/31/2021
TTM
6/30/2021
Net loss:(143)(160)
Comprehensive loss, net of tax, attributable to parent:(143)(160)

Statements sources

The financial statements are based on the company's filings with the 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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