1847 Goedeker Inc. (GOED) financial statements (2022 and earlier)

Company profile

Business Address 3817 MILLSTONE PARKWAY
ST. CHARLES, MO 63301
State of Incorp. DE
Fiscal Year End December 31
SIC 57 - Home Furniture, Furnishings, And Equipment Stores (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments25,724935
Cash and cash equivalents25,724935
Receivables24,5941,998
Inventory, net of allowances, customer advances and progress billings44,7545,147
Inventory44,7545,147
Deposits current assets12,199548
Other undisclosed current assets14,0479,612
Total current assets:121,31818,240
Noncurrent Assets
Operating lease, right-of-use asset14,9371,578
Property, plant and equipment3,554246
Intangible assets, net (including goodwill)191,6146,108
Goodwill191,6144,726
Intangible assets, net (excluding goodwill) 1,382
Other noncurrent assets34945
Other undisclosed noncurrent assets44,212 
Total noncurrent assets:254,6667,977
TOTAL ASSETS:375,98426,217
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:72,59212,702
Accrued liabilities196 
Taxes payable23,628 
Other undisclosed accounts payable and accrued liabilities48,76812,702
Debt7,9751,114
Other liabilities261 
Other undisclosed current liabilities24,51321,879
Total current liabilities:105,34135,695
Noncurrent Liabilities
Long-term debt and lease obligation61,1732,522
Long-term debt, excluding current maturities48,5592,522
Finance lease, liability121 
Operating lease, liability12,493 
Liabilities, other than long-term debt3,867 
Deferred income tax liabilities3,867 
Other undisclosed noncurrent liabilities 1,316
Total noncurrent liabilities:65,0403,838
Total liabilities:170,38139,533
Stockholders' equity
Stockholders' equity attributable to parent205,603(13,316)
Common stock111
Additional paid in capital224,64813,409
Accumulated deficit(19,056)(26,726)
Total stockholders' equity:205,603(13,316)
TOTAL LIABILITIES AND EQUITY:375,98426,217

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

12/31/2021
12/31/2020
Revenues362,314 
Cost of revenue
(Cost of Goods and Services Sold)
(282,655) 
Gross profit:79,659 
Operating expenses(71,339)(747)
Operating income (loss):8,320(747)
Nonoperating expense(5,026) 
Interest and debt expense(84) 
Income (loss) from continuing operations before equity method investments, income taxes:3,210(747)
Other undisclosed income from continuing operations before income taxes84 
Income (loss) from continuing operations before income taxes:3,294(747)
Income tax expense (benefit)4,376(698)
Net income (loss):7,670(1,445)
Net loss attributable to noncontrolling interest(7,670) 
Other undisclosed net income attributable to parent7,670 
Net income (loss) available to common stockholders, diluted:7,670(1,445)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
Net income (loss):7,670(1,445)
Comprehensive income (loss), net of tax, attributable to parent:7,670(1,445)

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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