Canopy Growth Corporation (CGC) Financial Statements (2025 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)

9/30/2024
MRQ
3/31/2024
12/31/2023
MRQ
3/31/2023
3/31/2022
3/31/2021
3/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments203,461186,181782,6021,371,6562,299,2161,976,499
Cash and cash equivalents170,300142,745677,007776,0051,154,6531,303,176
Short-term investments33,16143,436105,595595,6511,144,563673,323
Restricted cash and investments7,3107,27511,76512,21611,33221,539
Receivables56,23463,92493,98796,44392,43590,155
Inventory, net of allowances, customer advances and progress billings77,29286,917148,901204,387367,979391,086
Inventory77,29286,917148,901204,387367,979391,086
Prepaid expense6,62111,74027,46023,04128,34941,423
Disposal group, including discontinued operation 8,03829,401    
Other current assets13,4898,75910,11519,06519,07114,681
Other undisclosed current assets(1,265)3,0832,42410,59419,81228,990
Total current assets:371,180397,2801,077,2541,737,4022,838,1942,564,373
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 5,362 8,83834,33339,42785,784
Operating lease, right-of-use asset 7,154 20,74139,57147,52273,435
Property, plant and equipment320,103340,479499,466942,7801,074,5371,524,803
Long-term investments and receivables    10065,843
Long-term investments    10065,843
Intangible assets, net (including goodwill)147,292204,309274,2822,119,1982,197,5212,430,837
Goodwill43,23985,23785,5631,866,5031,889,3541,954,471
Intangible assets, net (excluding goodwill)104,053119,072188,719252,695308,167476,366
Other noncurrent assets24,12625,35919,80415,3424,96122,636
Other undisclosed noncurrent assets425,113392,324538,713726,424621,21890,034
Total noncurrent assets:929,150962,4711,361,8443,877,6483,985,2864,293,372
TOTAL ASSETS:1,300,3301,359,7512,439,0985,615,0506,823,4806,857,745
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities72,19363,464146,168122,308164,097187,214
Employee-related liabilities24,87347,13733,415
Accounts payable28,67325,83776,23464,27067,262123,393
Accrued liabilities43,52037,62769,93433,16549,69830,406
Debt107,37591,336556,8909,2969,82716,393
Other liabilities48,06854,39794,72764,054106,428215,809
Other undisclosed current liabilities7,07912,1486,05717,2403,9781,173
Total current liabilities:234,715221,345803,842212,898284,330420,589
Noncurrent Liabilities
Long-term debt and lease obligation525,807520,738749,9911,491,6951,667,300569,069
Long-term debt, excluding current maturities493,294520,738749,9911,491,6951,573,136449,022
Finance lease, liability 32,513   31,87951,638
Liabilities, other than long-term debt94,89873,005125,243232,960128,619237,773
Deferred income tax liabilities   35715,99121,37947,113
Other liabilities71,81473,005124,886190,049107,240190,660
Operating lease, liability 23,084   62,28568,409
Derivative instruments and hedges, liabilities    26,920  
Other undisclosed noncurrent liabilities (55,597)  47,0001,121,411452,444
Total noncurrent liabilities:565,108593,743875,2341,771,6552,917,3301,259,286
Total liabilities:799,823815,0881,679,0761,984,5533,201,6601,679,875
Temporary equity, carrying amount    36,200135,30069,750
Equity
Equity, attributable to parent500,368544,524758,4353,589,9563,481,8114,886,362
Common stock8,244,3018,219,7477,938,5717,482,8097,168,5576,373,544
Additional paid in capital2,602,1482,578,5192,506,4852,519,7662,415,6502,615,155
Accumulated other comprehensive income (loss)(16,051)(16,049)(13,860)(42,282)(34,240)220,899
Accumulated deficit(10,330,030)(10,237,693)(9,672,761)(6,370,337)(6,068,156)(4,323,236)
Equity, attributable to noncontrolling interest 1391391,5874,3414,709221,758
Total equity:500,507544,663760,0223,594,2973,486,5205,108,120
TOTAL LIABILITIES AND EQUITY:1,300,3301,359,7512,439,0985,615,0506,823,4806,857,745

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

9/30/2024
TTM
3/31/2024
12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
Revenues297,146251,175402,904520,325546,649398,772
Cost of revenue
(Cost of Goods and Services Sold)
(216,264)(263,914)(507,044)(713,379)(479,689)(430,456)
Gross profit:80,882(12,739)(104,140)(193,054)66,960(31,684)
Operating expenses(309,596)(2,441,188)(2,744,155)(889,620)(1,310,416)(1,637,279)
Operating loss:(228,714)(2,453,927)(2,848,295)(1,082,674)(1,243,456)(1,668,963)
Nonoperating income (expense)(241,937)(1,524,668)(466,025)753,341(387,876)224,329
Other nonoperating income (expense)(242,641)(1,524,668)(466,025)753,341(387,876)224,329
Interest and debt expense(105,352)(132,766)(126,160)(103,944)(8,459)(6,716)
Loss from continuing operations before equity method investments, income taxes:(576,003)(4,111,361)(3,440,480)(433,277)(1,639,791)(1,451,350)
Loss from equity method investments    (100)(52,629)(64,420)
Other undisclosed income from continuing operations before income taxes104,648132,866126,160103,9448,4596,716
Loss from continuing operations before income taxes:(471,355)(3,978,495)(3,314,320)(329,433)(1,683,961)(1,509,054)
Income tax expense (benefit)(12,327)(9,478)4,7748,94813,141121,614
Loss from continuing operations:(483,682)(3,987,973)(3,309,546)(320,485)(1,670,820)(1,387,440)
Loss before gain (loss) on sale of properties:(320,485)(1,670,820)(1,387,440)
Income (loss) from discontinued operations(192,113)(163,159)    
Net loss:(675,795)(4,151,132)(3,309,546)(320,485)(1,670,820)(1,387,440)
Net income (loss) attributable to noncontrolling interest 18,52620,82131,38818,304(74,100)66,114
Other undisclosed net income attributable to parent  14,786    
Net loss available to common stockholders, basic:(657,269)(4,115,525)(3,278,158)(302,181)(1,744,920)(1,321,326)
Other undisclosed net income available to common stockholders, diluted  94,442    
Net loss available to common stockholders, diluted:(657,269)(4,021,083)(3,278,158)(302,181)(1,744,920)(1,321,326)

Comprehensive Income ($ in thousands)

9/30/2024
TTM
3/31/2024
12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
Net loss:(675,795)(4,151,132)(3,309,546)(320,485)(1,670,820)(1,387,440)
Other comprehensive income (loss)(13,251)37,16757,929(24,172)(255,139)226,804
Comprehensive loss:(689,046)(4,113,965)(3,251,617)(344,657)(1,925,959)(1,160,636)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  20,82131,38818,304(74,100)66,114
Other undisclosed comprehensive income, net of tax, attributable to parent 18,52614,786    
Comprehensive loss, net of tax, attributable to parent:(670,520)(4,078,358)(3,220,229)(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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