Arhaus, Inc. (ARHS) Financial Statements (2023 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)Annual | Quarterly
| 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 144,520 | 145,181 | 145,737 | 144,628 | 148,841 | 123,777 | |||
| Cash and cash equivalents | 144,520 | 145,181 | 145,737 | 144,628 | 148,841 | 123,777 | |||
| Restricted cash and investments | 7,100 | 7,346 | 6,345 | 6,985 | 7,134 | 7,131 | |||
| Receivables | 1,907 | 1,734 | 1,778 | 1,500 | 1,586 | 228 | |||
| Inventory, net of allowances, customer advances and progress billings | 292,122 | 286,419 | 292,571 | 272,478 | 246,542 | 208,343 | |||
| Inventory | 292,122 | 286,419 | 292,571 | 272,478 | 246,542 | 208,343 | |||
| Prepaid expense | 16,100 | 11,500 | |||||||
| Other undisclosed current assets | 44,122 | 21,271 | 35,867 | 29,509 | 31,013 | 17,017 | |||
| Total current assets: | 489,771 | 478,051 | 482,298 | 455,100 | 435,116 | 367,996 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 37,957 | 38,522 | 39,062 | 39,602 | 38,103 | ||||
| Operating lease, right-of-use asset | 278,522 | 252,055 | 224,921 | 231,667 | 196,896 | ||||
| Property, plant and equipment | 136,156 | 135,066 | 128,783 | 116,620 | 107,581 | 179,631 | |||
| Intangible assets, net (including goodwill) | 10,961 | 10,961 | 10,961 | 10,961 | 10,961 | 10,961 | |||
| Goodwill | 10,961 | 10,961 | 10,961 | 10,961 | 10,961 | 10,961 | |||
| Deferred income tax assets | 12,242 | 16,841 | 20,948 | 22,833 | 25,268 | 27,684 | |||
| Other noncurrent assets | 277 | 296 | 235 | 249 | 264 | 278 | |||
| Total noncurrent assets: | 476,115 | 453,741 | 424,910 | 421,932 | 379,073 | 218,554 | |||
| TOTAL ASSETS: | 965,886 | 931,792 | 907,208 | 877,032 | 814,189 | 586,550 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 108,156 | 130,921 | 152,619 | 111,554 | 100,503 | 136,302 | |||
| Taxes payable | ✕ | ✕ | ✕ | 12,706 | 8,594 | 12,486 | 7,302 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 17,498 | 13,911 | 12,822 | 16,524 | ||
| Accounts payable | 53,072 | 62,636 | 58,455 | 62,331 | 54,249 | 51,429 | |||
| Accrued liabilities | 55,084 | 68,285 | 63,960 | 26,718 | 20,946 | 61,047 | |||
| Deferred revenue | 197,933 | 202,587 | 261,801 | 276,968 | 306,243 | 264,929 | |||
| Debt | 494 | 531 | 522 | 513 | 182 | ||||
| Customer refund liability | 8,300 | ||||||||
| Self insurance reserve | 1,000 | ||||||||
| Other undisclosed current liabilities | 40,233 | 30,444 | 9,044 | 37,624 | 37,957 | ||||
| Total current liabilities: | 346,816 | 373,783 | 423,986 | 426,659 | 444,885 | 401,231 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 51,806 | 51,835 | 315,661 | 320,042 | 277,533 | 50,525 | |||
| Finance lease, liability | 51,806 | 51,835 | 51,908 | 51,981 | 50,342 | 50,525 | |||
| Liabilities, other than long-term debt | 322,170 | 296,479 | 6,766 | 6,437 | 5,227 | 65,029 | |||
| Deferred rent credit | 2,192 | 2,272 | 2,353 | 2,433 | 2,513 | 63,037 | |||
| Other liabilities | 4,284 | 4,336 | 4,413 | 4,004 | 2,714 | 1,992 | |||
| Operating lease, liability | 315,694 | 289,871 | 263,753 | 268,061 | 227,191 | ||||
| Total noncurrent liabilities: | 373,976 | 348,314 | 322,427 | 326,479 | 282,760 | 115,554 | |||
| Total liabilities: | 720,792 | 722,097 | 746,413 | 753,138 | 727,645 | 516,785 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 245,094 | 209,695 | 160,795 | 123,894 | 86,544 | 69,765 | |||
| Additional paid in capital | 190,803 | 189,504 | 187,605 | 187,640 | 186,929 | 186,209 | |||
| Retained earnings (accumulated deficit) | 54,152 | 20,053 | (26,948) | (63,884) | (100,523) | (116,581) | |||
| Other undisclosed equity, attributable to parent | 139 | 138 | 138 | 138 | 138 | 137 | |||
| Total equity: | 245,094 | 209,695 | 160,795 | 123,894 | 86,544 | 69,765 | |||
| TOTAL LIABILITIES AND EQUITY: | 965,886 | 931,792 | 907,208 | 877,032 | 814,189 | 586,550 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 304,568 | 356,333 | 320,030 | 306,265 | 246,300 | 238,232 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (176,330) | (198,308) | (183,739) | (173,239) | (148,583) | (141,279) | ||
| Gross profit: | 128,238 | 158,025 | 136,291 | 133,026 | 97,717 | 96,953 | ||
| Operating expenses | (82,782) | (93,621) | (89,145) | (82,774) | (74,848) | (99,905) | ||
| Operating income (loss): | 45,456 | 64,404 | 47,146 | 50,252 | 22,869 | (2,952) | ||
| Nonoperating income (Other Nonoperating income) | 572 | 710 | 109 | 117 | 358 | |||
| Interest and debt expense | (20) | (751) | (1,316) | (1,300) | (2,864) | |||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 320 | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 46,028 | 65,094 | 46,504 | 49,053 | 21,927 | (5,496) | ||
| Other undisclosed income from continuing operations before income taxes | 173 | |||||||
| Income (loss) from continuing operations before income taxes: | 46,201 | 65,094 | 46,504 | 49,053 | 21,927 | (5,496) | ||
| Income tax expense (benefit) | (12,102) | (18,093) | (9,568) | (12,414) | (5,869) | 11,848 | ||
| Income from continuing operations: | 34,099 | 47,001 | 36,936 | 36,639 | 16,058 | 6,352 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 36,936 | 36,639 | 16,058 | 6,352 | |
| Net income: | 34,099 | 47,001 | 36,936 | 36,639 | 16,058 | 6,352 | ||
| Other undisclosed net loss attributable to parent | (15,815) | |||||||
| Net income (loss) available to common stockholders, diluted: | 34,099 | 47,001 | 36,936 | 36,639 | 16,058 | (9,463) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 34,099 | 47,001 | 36,936 | 36,639 | 16,058 | 6,352 | ||
| Comprehensive income: | 34,099 | 47,001 | 36,936 | 36,639 | 16,058 | 6,352 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (15,815) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 34,099 | 47,001 | 36,936 | 36,639 | 16,058 | (9,463) | ||
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.