BRC INC. Financial Statements (2024 and earlier)

Company Profile

Business Address 1144 S 500 W
SALT LAKE CITY, UT 84101
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 208 - Beverages (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
3/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 38,99018,334
Cash and cash equivalents 38,99018,334
Restricted cash and investments   
Receivables 22,3377,442
Inventory, net of allowances, customer advances and progress billings 77,18320,872
Inventory 77,18320,872
Prepaid expense 1,050 
Other undisclosed current assets 5,7336,377
Total current assets: 145,29353,025
Noncurrent Assets
Operating lease, right-of-use asset 20,050 
Property, plant and equipment   31,114
Intangible assets, net (including goodwill) 225167
Intangible assets, net (excluding goodwill) 225167
Other noncurrent assets 3152,776
Other undisclosed noncurrent assets 59,451 
Total noncurrent assets: 80,04134,057
TOTAL ASSETS: 225,33487,082
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 49,08939,620
Accounts payable 12,42917,387
Accrued liabilities 36,66022,233
Deferred revenue 9,5057,334
Debt 2,23811,979
Other undisclosed current liabilities 1,36085
Total current liabilities: 62,19259,018
Noncurrent Liabilities
Long-term debt and lease obligation 47,23822,712
Long-term debt, excluding current maturities 47,01722,712
Finance lease, liability 221 
Liabilities, other than long-term debt 19,968334
Other liabilities 502334
Operating lease, liability 19,466 
Other undisclosed noncurrent liabilities   228
Total noncurrent liabilities: 67,20623,274
Total liabilities: 129,39882,292
Temporary equity, carrying amount   154,281
Equity
Equity, attributable to parent, including: 25,796(149,491)
Additional paid in capital 129,508 
Accumulated deficit (103,733) 
Other undisclosed equity, attributable to parent 21(149,491)
Equity, attributable to noncontrolling interest 70,140 
Total equity: 95,936(149,491)
TOTAL LIABILITIES AND EQUITY: 225,33487,082

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

9/30/2023
TTM
3/31/2023
12/31/2022
12/31/2021
Revenues 301,313233,101
Cost of revenue
(Cost of Goods and Services Sold)
 (202,134)(143,414)
Gross profit: 99,17989,687
Operating expenses (166,941)(101,266)
Operating loss: (67,762)(11,579)
Nonoperating expense (269,915)(2,088)
Interest and debt expense (1,593)(726)
Loss from continuing operations before equity method investments, income taxes: (339,270)(14,393)
Other undisclosed income from continuing operations before income taxes 1,593726
Loss from continuing operations before income taxes: (337,677)(13,667)
Income tax expense (367)(178)
Loss from continuing operations: (338,044)(13,845)
Loss before gain (loss) on sale of properties:(13,845)
Other undisclosed net income   27,690
Net income (loss): (338,044)13,845
Net income attributable to noncontrolling interest 255,138 
Other undisclosed net loss attributable to parent   (27,690)
Net loss attributable to parent: (82,906)(13,845)
Other undisclosed net loss available to common stockholders, basic (261) 
Net loss available to common stockholders, diluted: (83,167)(13,845)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
3/31/2023
12/31/2022
12/31/2021
Net income (loss): (338,044)13,845
Comprehensive income (loss): (338,044)13,845
Comprehensive income, net of tax, attributable to noncontrolling interest 255,138 
Comprehensive income (loss), net of tax, attributable to parent: (82,906)13,845

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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