BOWFLEX INC. (BFXXQ) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
17750 SE 6TH WAY VANCOUVER, WA 98683 |
| State of Incorp. | WA |
| Fiscal Year End | March 31 |
| Industry (SIC) | 3949 - Sporting and Athletic Goods, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2024 | 3/31/2023 | 3/31/2022 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 17,362 | 12,872 | 56,581 | 11,070 | 38,125 | 85,196 | |||
| Cash and cash equivalent | 17,362 | 12,872 | 56,581 | 11,070 | 38,125 | 27,893 | |||
| Short-term investments | 57,303 | ||||||||
| Restricted cash and investments | 3,887 | ||||||||
| Receivables | 23,278 | 63,452 | 95,245 | 55,072 | 51,500 | 42,702 | |||
| Inventory, net of allowances, customer advances and progress billings | 46,599 | 111,190 | 51,140 | 54,768 | 68,465 | 53,354 | |||
| Inventory | 46,599 | 111,190 | 51,140 | 54,768 | 68,465 | 53,354 | |||
| Prepaid expense | 200 | 1,600 | 600 | 1,300 | 2,700 | 1,500 | |||
| Other undisclosed current assets | 8,783 | 14,285 | 56,126 | 6,983 | 30,672 | 5,740 | |||
| Total current assets: | 96,222 | 207,286 | 259,692 | 129,193 | 191,462 | 188,492 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 19,078 | 23,620 | 19,876 | ✕ | ✕ | ||||
| Nontrade receivables | 5,673 | 5,673 | |||||||
| Property, plant and equipment | 32,789 | 32,129 | 23,926 | 22,755 | 22,216 | 15,827 | |||
| Intangible assets, net (including goodwill) | 6,787 | 33,814 | 9,380 | 43,243 | 118,692 | 119,773 | |||
| Goodwill | 24,510 | 63,452 | 62,030 | ||||||
| Intangible assets, net (excluding goodwill) | 6,787 | 9,304 | 9,380 | 43,243 | 55,240 | 57,743 | |||
| Regulated entity, other noncurrent assets | 83 | 7 | 7 | ||||||
| Deferred income tax assets | 554 | 8,760 | 2,426 | ✕ | ✕ | ||||
| Other undisclosed noncurrent assets | 2,429 | 2,763 | 2,734 | 25,288 | 567 | 677 | |||
| Total noncurrent assets: | 67,310 | 106,759 | 58,425 | 91,286 | 141,482 | 136,284 | |||
| TOTAL ASSETS: | 163,532 | 314,045 | 318,117 | 220,479 | 332,944 | 324,776 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 44,953 | 83,390 | 119,240 | 81,888 | 95,635 | 77,663 | |||
| Taxes payable | ✕ | ✕ | 839 | ||||||
| Accounts payable | 29,378 | 53,165 | 96,399 | 74,255 | 87,265 | 66,899 | |||
| Accrued liabilities | 15,575 | 29,386 | 22,841 | 7,633 | 8,370 | 10,764 | |||
| Deferred revenue | 6,401 | ✕ | ✕ | ||||||
| Debt | 1,764 | 2,362 | 2,792 | 15,993 | 15,993 | ||||
| Other undisclosed current liabilities | 7,319 | 9,462 | 1,128 | 6,820 | 3,213 | 3,718 | |||
| Total current liabilities: | 54,036 | 95,214 | 129,561 | 88,708 | 114,841 | 97,374 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 26,566 | 48,434 | 29,446 | 14,071 | 15,993 | 31,986 | |||
| Long-term debt, excluding current maturities | 26,284 | 27,113 | 10,710 | 14,071 | 15,993 | 31,986 | |||
| Finance lease, liability | 282 | 395 | ✕ | ✕ | |||||
| Liabilities, other than long-term debt | 21,630 | 6,348 | 5,915 | 8,122 | 19,514 | 16,227 | |||
| Accounts payable and accrued liabilities | 3,019 | 5,277 | 5,309 | 6,293 | 5,789 | 5,354 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | 1,783 | 11,888 | 8,558 | ||
| Deferred income tax liabilities | 253 | ✕ | ✕ | ||||||
| Other liabilities | 1,978 | 1,071 | 606 | 46 | 1,837 | 2,315 | |||
| Operating lease, liability | 16,380 | 20,926 | 18,736 | ✕ | ✕ | ||||
| Other undisclosed noncurrent liabilities | 18,982 | ||||||||
| Total noncurrent liabilities: | 48,196 | 54,782 | 35,361 | 41,175 | 35,507 | 48,213 | |||
| Total liabilities: | 102,232 | 149,996 | 164,922 | 129,883 | 150,348 | 145,587 | |||
| Equity | |||||||||
| Equity, attributable to parent | 61,300 | 164,049 | 153,195 | 90,596 | 182,596 | 179,189 | |||
| Common stock | 10,084 | 6,483 | 3,061 | 1,261 | 215 | ||||
| Accumulated other comprehensive income (loss) | (1,478) | (527) | 14 | (937) | (909) | (259) | |||
| Retained earnings (accumulated deficit) | 52,694 | 158,093 | 150,120 | 90,272 | 183,290 | 179,448 | |||
| Total equity: | 61,300 | 164,049 | 153,195 | 90,596 | 182,596 | 179,189 | |||
| TOTAL LIABILITIES AND EQUITY: | 163,532 | 314,045 | 318,117 | 220,479 | 332,944 | 324,776 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 | 3/31/2023 | 3/31/2022 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 286,773 | 589,534 | 552,560 | 309,285 | 396,753 | 406,184 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 406,184 | |
| Cost of revenue (Cost of Product and Service Sold) | (234,819) | (441,077) | (323,758) | (198,702) | (215,013) | (202,302) | ||
| Gross profit: | 51,954 | 148,457 | 228,802 | 110,583 | 181,740 | 203,882 | ||
| Operating expenses | (145,315) | (173,773) | (150,993) | (211,127) | (160,971) | (167,579) | ||
| Operating income (loss): | (93,361) | (25,316) | 77,809 | (100,544) | 20,769 | 36,303 | ||
| Nonoperating income (expense) | (4,768) | (2,914) | (5,074) | (1,288) | 232 | (598) | ||
| Investment income, nonoperating | 9 | 35 | 11 | 162 | 1,044 | 653 | ||
| Other nonoperating income (expense) | (982) | (1,369) | (3,587) | (470) | 239 | 301 | ||
| Interest and debt expense | (228) | (1,580) | (230) | (980) | (1,051) | (1,552) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 230 | 980 | 1,051 | 1,552 | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (98,357) | (29,810) | 72,735 | (101,832) | 21,001 | 35,705 | ||
| Other undisclosed income from continuing operations before income taxes | 228 | 1,580 | ||||||
| Income (loss) from continuing operations before income taxes: | (98,129) | (28,230) | 72,735 | (101,832) | 21,001 | 35,705 | ||
| Income tax expense (benefit) | (9,359) | 6,026 | (12,198) | 9,537 | (5,891) | (8,080) | ||
| Income (loss) from continuing operations: | (107,488) | (22,204) | 60,537 | (92,295) | 15,110 | 27,625 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | (22,431) | 60,375 | (92,501) | 14,904 | 25,912 | |
| Income (loss) from discontinued operations | 2,089 | (227) | (162) | (206) | (206) | (1,713) | ||
| Net income (loss): | (105,399) | (22,431) | 60,375 | (92,501) | 14,904 | 25,912 | ||
| Other undisclosed net income (loss) attributable to parent | (527) | (299) | (246) | 355 | ||||
| Net income (loss) available to common stockholders, diluted: | (105,399) | (22,431) | 59,848 | (92,800) | 14,658 | 26,267 | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 | 3/31/2023 | 3/31/2022 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (105,399) | (22,431) | 60,375 | (92,501) | 14,904 | 25,912 | ||
| Other comprehensive income (loss) | (951) | (372) | 951 | (28) | (650) | 958 | ||
| Comprehensive income (loss): | (106,350) | (22,803) | 61,326 | (92,529) | 14,254 | 26,870 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (527) | (299) | (246) | 355 | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (106,350) | (22,803) | 60,799 | (92,828) | 14,008 | 27,225 | ||
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.