AppHarvest, Inc. (APPH) Financial Statements (2024 and earlier)

Company Profile

Business Address 500 APPALACHIAN WAY
MOREHEAD, KY 40351
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 01 - Agricultural Production Crops (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments54,33436,23150,94397,645150,755221,574
Cash and cash equivalents54,33436,23150,94397,645150,755221,574
Restricted cash and investments24,19822,46448,35437,13025,5567,250
Receivables2,78641,2891,8821,575 
Inventory, net of allowances, customer advances and progress billings18,07812,4092,9365,0764,9984,187
Inventory18,07812,4092,9365,0764,9984,187
Other undisclosed current assets14,7164,8503,5654,0005,6133,410
Total current assets:114,11275,958107,087145,733188,497236,421
Noncurrent Assets
Operating lease, right-of-use asset2,6261,6774,2614,4255,0102,196
Intangible assets, net (including goodwill)      60,184
Goodwill      50,863
Intangible assets, net (excluding goodwill)      9,321
Other noncurrent assets22,41227,07923,06625,81916,64416,724
Other undisclosed noncurrent assets456,178458,744429,340387,603343,913288,610
Total noncurrent assets:481,216487,500456,667417,847365,567367,714
TOTAL ASSETS:595,328563,458563,754563,580554,064604,135
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities38,56729,98231,77130,00224,34730,870
Employee-related liabilities1,8342,911  
Accounts payable16,57110,50010,67114,1268,55316,354
Accrued liabilities21,99617,64818,18915,87615,79414,516
Debt3,6853,68549,71739,03228,0209,633
Restructuring reserve 188     
Other liabilities2021065956119960
Other undisclosed current liabilities326(1,362)(2,134)724751537
Total current liabilities:42,96832,41179,41369,81453,23742,000
Noncurrent Liabilities
Long-term debt and lease obligation180,537183,517125,797122,121107,57587,712
Long-term debt, excluding current maturities180,537181,619121,409117,542102,63785,436
Liabilities, other than long-term debt7,6263,7012,2722,4484,2274,646
Deferred income tax liabilities4,9253,5942,1492,3092,4181,967
Other liabilities731071231391,8092,679
Operating lease, liability2,6281,8984,3884,5794,9382,276
Other undisclosed noncurrent liabilities103,9065145411,6101,3854,337
Total noncurrent liabilities:292,069187,732128,610126,179113,18796,695
Total liabilities:335,037220,143208,023195,993166,424138,695
Equity
Equity, attributable to parent260,291343,315355,731367,587387,640465,440
Common stock111111101010
Additional paid in capital615,452605,222597,205583,117576,895566,935
Accumulated other comprehensive income (loss)8,7888,7205,1692,409(1,951)(2,578)
Accumulated deficit(363,960)(270,638)(246,654)(217,949)(187,314)(98,927)
Total equity:260,291343,315355,731367,587387,640465,440
TOTAL LIABILITIES AND EQUITY:595,328563,458563,754563,580554,064604,135

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

3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
Revenues4,5465244,3585,1643,070543
Cost of revenue
(Cost of Goods and Services Sold)
(23,446)(5,874)(14,121)(13,554)(11,937)(7,482)
Gross profit:(18,900)(5,350)(9,763)(8,390)(8,867)(6,939)
Operating expenses(72,589)(17,514)(20,225)(21,039)(82,789)(25,401)
Operating loss:(91,489)(22,864)(29,988)(29,429)(91,656)(32,340)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(846)2975514(126)113
Interest and debt expense    893(805)
Loss from continuing operations before equity method investments, income taxes:(92,335)(22,567)(29,933)(29,415)(90,889)(33,032)
Other undisclosed income (loss) from continuing operations before income taxes344271,069(1,329)2,95215,781
Loss from continuing operations before income taxes:(91,991)(22,540)(28,864)(30,744)(87,937)(17,251)
Income tax expense (benefit)(1,331)(1,444)159109(450)(17)
Loss from continuing operations:(93,322)(23,984)(28,705)(30,635)(88,387)(17,268)
Loss before gain (loss) on sale of properties:(23,984)(28,705)(30,635)(88,387)(17,268)
Net loss available to common stockholders, diluted:(93,322)(23,984)(28,705)(30,635)(88,387)(17,268)

Comprehensive Income ($ in thousands)

3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
Net loss:(93,322)(23,984)(28,705)(30,635)(88,387)(17,268)
Other comprehensive loss(491)(949)(738)(644)  
Comprehensive loss:(93,813)(24,933)(29,443)(31,279)(88,387)(17,268)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent5594,5003,4985,004627(66)
Comprehensive loss, net of tax, attributable to parent:(93,254)(20,433)(25,945)(26,275)(87,760)(17,334)

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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