Acreage Holdings, Inc. (ACRDF) Financial Statements (2024 and earlier)

Company Profile

Business Address 366 MADISON AVENUE, 14TH FLOOR
NEW YORK, NY 10017
State of Incorp. BC
Fiscal Year End December 31
Industry (SIC) 59 - Miscellaneous Retail (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
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments24,06743,18032,54226,505
Cash and cash equivalents24,06743,18032,54226,505
Restricted cash and investments 1,09822,09795
Receivables39,70315,3062,0322,146
Inventory, net of allowances, customer advances and progress billings49,44641,80423,71518,083
Inventory49,44641,80423,71518,083
Disposal group, including discontinued operation 8,95262,971 
Other current assets4,9772,6394,6638,506
Total current assets:118,193112,979148,02055,335
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization4,2694,5224,776 
Operating lease, right-of-use asset22,44324,59817,24751,950
Property, plant and equipment    106,047
Long-term investments and receivables34,04662,789132,02783,978
Long-term investments34,04635,22634,1264,499
Accounts and financing receivable, after allowance for credit loss  27,56397,90179,479
Intangible assets, net (including goodwill)48,885163,005170,905391,729
Goodwill13,76143,31031,922105,757
Intangible assets, net (excluding goodwill)35,124119,695138,983285,972
Other noncurrent assets3,6011,3834,7182,638
Other undisclosed noncurrent assets129,136122,27584,360 
Total noncurrent assets:242,380378,572414,033636,342
TOTAL ASSETS:360,573491,551562,053691,677
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:29,56623,86118,91332,459
Interest and dividends payable1,4323,504291
Taxes payable24,57214,7804,740
Accrued liabilities26,801   
Other undisclosed accounts payable and accrued liabilities2,765(2,143)62927,428
Debt1,5841,58327,13915,300
Disposal group, including discontinued operation 1,86718,154 
Liabilities of business transferred under contractual arrangement   917 
Other liabilities11,93910,33313,0101,604
Other undisclosed current liabilities29,24429,14919,6097,790
Total current liabilities:72,33366,79397,74257,153
Noncurrent Liabilities
Long-term debt and lease obligation, including:213,496193,40621,78353,605
Long-term debt, excluding current maturities 213,496169,151  
Finance lease, liability  5,1746,083
Other undisclosed long-term debt and lease obligation    
Liabilities, other than long-term debt34,56527,08234,67525
Deferred income tax liabilities9,62327,08234,673 
Liability for uncertainty in income taxes    
Other liabilities3,250 225
Operating lease, liability21,69224,25516,60947,522
Other undisclosed noncurrent liabilities   148,14486,100
Total noncurrent liabilities:248,061220,488204,602139,730
Total liabilities:320,394287,281302,344196,883
Equity
Equity, attributable to parent61,384197,267241,031406,007
Treasury stock, value(21,054)(21,054)(21,054)(21,054)
Additional paid in capital760,529756,536737,290615,678
Accumulated deficit(678,091)(538,215)(475,205)(188,617)
Equity, attributable to noncontrolling interest(21,205)7,00318,67888,787
Total equity:40,179204,270259,709494,794
TOTAL LIABILITIES AND EQUITY:360,573491,551562,053691,677

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues237,138188,859114,54574,109
Cost of revenue
(Cost of Goods and Services Sold)
(135,393)(92,977)(65,387)(43,665)
Gross profit:101,74595,88249,15830,444
Operating expenses(244,838)(142,953)(413,969)(221,888)
Operating loss:(143,093)(47,071)(364,811)(191,444)
Nonoperating income (expense)(15,580)(8,281)(12,547)1,271
Other nonoperating income (expense)6,59610,408(3,487)(1,033)
Interest and debt expense(24,036)(19,964)(15,853)(1,194)
Loss from continuing operations before equity method investments, income taxes:(182,709)(75,316)(393,211)(191,367)
Other undisclosed income from continuing operations before income taxes24,03619,96415,8531,194
Loss from continuing operations before income taxes:(158,673)(55,352)(377,358)(190,173)
Income tax expense (benefit)(10,022)(17,805)17,240(4,989)
Loss from continuing operations:(168,695)(73,157)(360,118)(195,162)
Loss before gain (loss) on sale of properties:(73,157)(360,118)(195,162)
Net loss:(168,695)(73,157)(360,118)(195,162)
Net income attributable to noncontrolling interest28,81910,14773,53044,894
Net loss available to common stockholders, diluted:(139,876)(63,010)(286,588)(150,268)

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net loss:(168,695)(73,157)(360,118)(195,162)
Comprehensive loss:(168,695)(73,157)(360,118)(195,162)
Comprehensive income, net of tax, attributable to noncontrolling interest28,81910,14773,53044,894
Comprehensive loss, net of tax, attributable to parent:(139,876)(63,010)(286,588)(150,268)

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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