Canopy Growth Corporation (CGC) Financial Statements (2024 and earlier)

Company Profile

Business Address 1 HERSHEY DRIVE
SMITH FALLS, ON K7A0A8
State of Incorp.
Fiscal Year End March 31
Industry (SIC) 2833 - Medicinal Chemicals and Botanical Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
3/31/2023
12/31/2022
MRQ
3/31/2022
3/31/2021
3/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments782,602789,2501,371,6562,299,2161,976,499
Cash and cash equivalents677,007598,131776,0051,154,6531,303,176
Short-term investments105,595191,119595,6511,144,563673,323
Restricted cash and investments11,76512,93212,21611,33221,539
Receivables93,987104,64096,44392,43590,155
Inventory, net of allowances, customer advances and progress billings148,901213,937204,387367,979391,086
Inventory148,901213,937204,387367,979391,086
Prepaid expense27,46028,73623,04128,34941,423
Disposal group, including discontinued operation     
Other current assets10,11514,88919,06519,07114,681
Other undisclosed current assets2,4248,52610,59419,81228,990
Total current assets:1,077,2541,172,9101,737,4022,838,1942,564,373
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 8,838 34,33339,42785,784
Operating lease, right-of-use asset 20,741 39,57147,52273,435
Property, plant and equipment499,466874,029942,7801,074,5371,524,803
Long-term investments and receivables    10065,843
Long-term investments    10065,843
Intangible assets, net (including goodwill)274,282355,6062,119,1982,197,5212,430,837
Goodwill85,563142,0761,866,5031,889,3541,954,471
Intangible assets, net (excluding goodwill)188,719213,530252,695308,167476,366
Disposal group, including discontinued operation, noncurrent assets     
Other noncurrent assets19,80419,22315,3424,96122,636
Other undisclosed noncurrent assets538,713598,387726,424621,21890,034
Total noncurrent assets:1,361,8441,847,2453,877,6483,985,2864,293,372
TOTAL ASSETS:2,439,0983,020,1555,615,0506,823,4806,857,745
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities146,168129,632122,308164,097187,214
Employee-related liabilities24,87347,13733,415
Accounts payable76,23463,13964,27067,262123,393
Accrued liabilities69,93466,49333,16549,69830,406
Debt556,890455,4839,2969,82716,393
Disposal group, including discontinued operation     
Other liabilities94,72784,13464,054106,428215,809
Other undisclosed current liabilities6,0579,49217,2403,9781,173
Total current liabilities:803,842678,741212,898284,330420,589
Noncurrent Liabilities
Long-term debt and lease obligation749,991750,1181,491,6951,667,300569,069
Long-term debt, excluding current maturities749,991750,1181,491,6951,573,136449,022
Finance lease, liability    31,87951,638
Liabilities, other than long-term debt125,243151,547232,960128,619237,773
Deferred income tax liabilities 3578,98815,99121,37947,113
Disposal group, including discontinued operation, liabilities     
Other liabilities124,886141,891190,049107,240190,660
Operating lease, liability    62,28568,409
Derivative instruments and hedges, liabilities  66826,920  
Other undisclosed noncurrent liabilities   47,0001,121,411452,444
Total noncurrent liabilities:875,234901,6651,771,6552,917,3301,259,286
Total liabilities:1,679,0761,580,4061,984,5533,201,6601,679,875
Temporary equity, carrying amount  11,40836,200135,30069,750
Equity
Equity, attributable to parent758,4351,425,5453,589,9563,481,8114,886,362
Common stock7,938,5717,867,3107,482,8097,168,5576,373,544
Additional paid in capital2,506,4852,510,0862,519,7662,415,6502,615,155
Accumulated other comprehensive income (loss)(13,860)(14,248)(42,282)(34,240)220,899
Accumulated deficit(9,672,761)(8,937,603)(6,370,337)(6,068,156)(4,323,236)
Equity, attributable to noncontrolling interest1,5872,7964,3414,709221,758
Total equity:760,0221,428,3413,594,2973,486,5205,108,120
TOTAL LIABILITIES AND EQUITY:2,439,0983,020,1555,615,0506,823,4806,857,745

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

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
Revenues402,904451,306520,325546,649398,772
Cost of revenue
(Cost of Goods and Services Sold)
(507,044)(701,532)(713,379)(479,689)(430,456)
Gross profit:(104,140)(250,226)(193,054)66,960(31,684)
Operating expenses(2,744,155)(1,990,034)(889,620)(1,310,416)(1,637,279)
Operating loss:(2,848,295)(2,240,260)(1,082,674)(1,243,456)(1,668,963)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(466,025)367,685753,341(387,876)224,329
Interest and debt expense(126,160)(190,896)(103,944)(8,459)(6,716)
Loss from continuing operations before equity method investments, income taxes:(3,440,480)(2,063,471)(433,277)(1,639,791)(1,451,350)
Income (loss) from equity method investments  40,751(100)(52,629)(64,420)
Other undisclosed income from continuing operations before income taxes126,160190,896103,9448,4596,716
Loss from continuing operations before income taxes:(3,314,320)(1,831,824)(329,433)(1,683,961)(1,509,054)
Income tax expense (benefit)4,774(20,725)8,94813,141121,614
Loss from continuing operations:(3,309,546)(1,852,549)(320,485)(1,670,820)(1,387,440)
Loss before gain (loss) on sale of properties:(1,585,827)(320,485)(1,670,820)(1,387,440)
Loss from discontinued operations     
Net loss:(3,309,546)(1,852,549)(320,485)(1,670,820)(1,387,440)
Net income (loss) attributable to noncontrolling interest31,38828,77318,304(74,100)66,114
Other undisclosed net income attributable to parent     
Net loss available to common stockholders, basic:(3,278,158)(1,823,776)(302,181)(1,744,920)(1,321,326)
Other undisclosed net income available to common stockholders, diluted     
Net loss available to common stockholders, diluted:(3,278,158)(1,823,776)(302,181)(1,744,920)(1,321,326)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
Net loss:(3,309,546)(1,852,549)(320,485)(1,670,820)(1,387,440)
Other comprehensive income (loss)57,929226,861(24,172)(255,139)226,804
Comprehensive loss:(3,251,617)(1,625,688)(344,657)(1,925,959)(1,160,636)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest31,38828,77318,304(74,100)66,114
Other undisclosed comprehensive income, net of tax, attributable to parent     
Comprehensive loss, net of tax, attributable to parent:(3,220,229)(1,596,915)(326,353)(2,000,059)(1,094,522)

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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