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 investments | 48 | 12 | ||
| Cash and cash equivalents | 48 | 12 | ||
| Restricted cash and investments | 0 | |||
| Inventory, net of allowances, customer advances and progress billings | 21 | 20 | ||
| Inventory | 21 | 20 | ||
| Prepaid expense | 2 | |||
| Other current assets | 9 | |||
| Other undisclosed current assets | 57 | 63 | ||
| Total current assets: | 135 | 97 | ||
| Noncurrent Assets | ||||
| Operating lease, right-of-use asset | 69 | 77 | ||
| Property, plant and equipment | 135 | 138 | ||
| Intangible assets, net (including goodwill) | 140 | 148 | ||
| Goodwill | 33 | 33 | ||
| Intangible assets, net (excluding goodwill) | 108 | 115 | ||
| Other noncurrent assets | 12 | 12 | ||
| Total noncurrent assets: | 356 | 376 | ||
| TOTAL ASSETS: | 491 | 472 | ||
| LIABILITIES AND EQUITY | ||||
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts payable and accrued liabilities, including: | 54 | 57 | ||
| Taxes payable | 77 | 61 | ||
| Interest and dividends payable | 0 | |||
| Other undisclosed accounts payable and accrued liabilities | (23) | (5) | ||
| Debt | 115 | 104 | ||
| Derivative instruments and hedges, liabilities | 21 | 7 | ||
| Due to related parties | 1 | 1 | ||
| Disposal group, including discontinued operation | 36 | 33 | ||
| Other liabilities | 12 | |||
| Other undisclosed current liabilities | 86 | 86 | ||
| Total current liabilities: | 326 | 289 | ||
| Noncurrent Liabilities | ||||
| Long-term debt and lease obligation | 125 | 329 | ||
| Long-term debt, excluding current maturities | 200 | |||
| Finance lease, liability | 30 | 29 | ||
| Operating lease, liability | 95 | 100 | ||
| Liabilities, other than long-term debt | 3 | 4 | ||
| Other liabilities | 3 | 4 | ||
| Other undisclosed noncurrent liabilities | 256 | 105 | ||
| Total noncurrent liabilities: | 384 | 437 | ||
| Total liabilities: | 710 | 726 | ||
| Stockholders' equity | ||||
| Stockholders' equity attributable to parent | 234 | 192 | ||
| Additional paid in capital | 1,025 | 909 | ||
| Accumulated deficit | (791) | (717) | ||
| Stockholders' equity attributable to noncontrolling interest | (454) | (445) | ||
| Total stockholders' equity: | (219) | (254) | ||
| TOTAL LIABILITIES AND EQUITY: | 491 | 472 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 TTM | 6/30/2021 | ||
|---|---|---|---|
| Revenues | 160 | 145 | |
| Cost of revenue | (88) | (78) | |
| Gross profit: | 72 | 67 | |
| Operating expenses | (173) | (135) | |
| Operating loss: | (101) | (68) | |
| Nonoperating income (expense) | (30) | 58 | |
| Investment income, nonoperating | (77) | ||
| Gain (loss) on contract termination | 0 | (18) | |
| Other nonoperating income | 46 | 76 | |
| Interest and debt expense | (5) | 16 | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 10 | (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 interest | 199 | 124 | |
| Other undisclosed net income attributable to parent | 267 | 193 | |
| Net income attributable to parent: | 323 | 158 | |
| Other undisclosed net income available to common stockholders, basic | 17 | ||
| Net income available to common stockholders, diluted: | 340 | 158 | |
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.