Arhaus Inc. (ARHS) Financial Statements (2024 and earlier)

Company Profile

Business Address 51 EAST HINES HILL ROAD
BOSTON HEIGHTS, OH 44236
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 5712 - Furniture Stores (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments223,098145,181123,777
Cash and cash equivalents223,098145,181123,777
Restricted cash and investments3,2077,3467,131
Receivables2,3941,734228
Inventory, net of allowances, customer advances and progress billings254,292286,419208,343
Inventory254,292286,419208,343
Prepaid expense 13,84516,10011,500
Other current assets 7,977  
Other undisclosed current assets23,43821,27117,017
Total current assets:528,251478,051367,996
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization38,83538,522 
Operating lease, right-of-use asset302,157252,055 
Property, plant and equipment210,238135,066179,631
Intangible assets, net (including goodwill)10,96110,96110,961
Goodwill10,96110,96110,961
Deferred income tax assets19,12716,84127,684
Other noncurrent assets4,525296278
Total noncurrent assets:585,843453,741218,554
TOTAL ASSETS:1,114,094931,792586,550
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities131,024130,921136,302
Taxes payable7,302
Employee-related liabilities16,524
Accounts payable63,69962,63651,429
Accrued liabilities67,32568,28561,047
Deferred revenue173,808202,587264,929
Debt904531 
Customer refund liability 8,0008,300 
Self insurance reserve 1,4001,000 
Other undisclosed current liabilities36,15730,444 
Total current liabilities:351,293373,783401,231
Noncurrent Liabilities
Long-term debt and lease obligation53,87051,83550,525
Finance lease, liability53,87051,83550,525
Liabilities, other than long-term debt368,693296,47965,029
Deferred rent credit1,9522,27263,037
Other liabilities4,1434,3361,992
Operating lease, liability362,598289,871 
Total noncurrent liabilities:422,563348,314115,554
Total liabilities:773,856722,097516,785
Equity
Equity, attributable to parent, including:340,238209,69569,765
Additional paid in capital194,807189,504186,209
Retained earnings (accumulated deficit)145,29220,053(116,581)
Other undisclosed equity, attributable to parent139138137
Total equity:340,238209,69569,765
TOTAL LIABILITIES AND EQUITY:1,114,094931,792586,550

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Revenues1,287,7041,228,928796,922
Cost of revenue
(Cost of Goods and Services Sold)
(747,281)(703,869)(466,989)
Gross profit:540,423525,059329,933
Operating expenses(376,112)(340,388)(296,583)
Operating income:164,311184,67133,350
Nonoperating income
(Other Nonoperating income)
1,0271,294320
Interest and debt expense  (3,387)(6,882)
Income from continuing operations before equity method investments, income taxes:165,338182,57826,788
Other undisclosed income from continuing operations before income taxes3,351  
Income from continuing operations before income taxes:168,689182,57826,788
Income tax expense (benefit)(43,450)(45,944)10,144
Income from continuing operations:125,239136,63436,932
Income before gain (loss) on sale of properties:36,932
Net income:125,239136,63436,932
Net loss attributable to noncontrolling interest   (15,815)
Net income available to common stockholders, diluted:125,239136,63421,117

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net income:125,239136,63436,932
Comprehensive income:125,239136,63436,932
Comprehensive loss, net of tax, attributable to noncontrolling interest   (15,815)
Comprehensive income, net of tax, attributable to parent:125,239136,63421,117

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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