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
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
6/30/2022
Q1
3/31/2022
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments571,068782,602789,2501,143,4211,217,1151,371,656
Cash and cash equivalents533,266677,007598,131746,719769,495776,005
Short-term investments37,802105,595191,119396,702447,620595,651
Restricted cash and investments9,13111,76512,93212,35212,17712,216
Receivables128,46993,987104,640108,23696,62696,443
Inventory, net of allowances, customer advances and progress billings142,064148,901213,937211,209205,513204,387
Inventory142,064148,901213,937211,209205,513204,387
Prepaid expense23,72227,46028,73640,67932,97423,041
Disposal group, including discontinued operation      
Other current assets6,00210,11514,88913,13518,87119,065
Other undisclosed current assets2,7682,4248,5269,14310,29610,594
Total current assets:883,2241,077,2541,172,9101,538,1751,593,5721,737,402
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization  8,838   34,333
Operating lease, right-of-use asset  20,741   39,571
Property, plant and equipment395,206499,466874,029864,523926,369942,780
Intangible assets, net (including goodwill)267,327274,282355,606360,014380,8982,119,198
Goodwill84,38585,563142,076136,513138,4191,866,503
Intangible assets, net (excluding goodwill)182,942188,719213,530223,501242,479252,695
Disposal group, including discontinued operation, noncurrent assets      
Other noncurrent assets19,50919,80419,22314,49914,45915,342
Other undisclosed noncurrent assets625,268538,713598,387625,059602,229726,424
Total noncurrent assets:1,307,3101,361,8441,847,2451,864,0951,923,9553,877,648
TOTAL ASSETS:2,190,5342,439,0983,020,1553,402,2703,517,5275,615,050
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities125,801146,168129,632176,142134,106122,308
Employee-related liabilities26,26119,06224,873
Accounts payable57,55476,23463,13968,20364,64764,270
Accrued liabilities68,24769,93466,49381,67850,39733,165
Debt252,902556,890455,483321,976193,0729,296
Disposal group, including discontinued operation      
Other liabilities65,27694,72784,13463,64586,77664,054
Other undisclosed current liabilities7,1786,0579,492(19,362)(9,546)17,240
Total current liabilities:451,157803,842678,741542,401404,408212,898
Noncurrent Liabilities
Long-term debt and lease obligation792,132749,991750,1181,032,1341,264,6451,491,695
Long-term debt, excluding current maturities792,132749,991750,1181,032,1341,264,6451,491,695
Liabilities, other than long-term debt99,740125,243151,547163,706165,554232,960
Deferred income tax liabilities 1,2003578,9889,75814,65815,991
Disposal group, including discontinued operation, liabilities      
Other liabilities98,540124,886141,891153,257149,341190,049
Derivative instruments and hedges, liabilities   6686911,55526,920
Other undisclosed noncurrent liabilities      47,000
Total noncurrent liabilities:891,872875,234901,6651,195,8401,430,1991,771,655
Total liabilities:1,343,0291,679,0761,580,4061,738,2411,834,6071,984,553
Temporary equity, carrying amount   11,40835,90037,15036,200
Equity
Equity, attributable to parent845,930758,4351,425,5451,625,1731,641,2553,589,956
Common stock8,065,2817,938,5717,867,3107,818,0897,601,5707,482,809
Additional paid in capital2,500,0402,506,4852,510,0862,516,8112,515,4532,519,766
Accumulated other comprehensive loss(8,509)(13,860)(14,248)(33,707)(21,554)(42,282)
Accumulated deficit(9,710,882)(9,672,761)(8,937,603)(8,676,020)(8,454,214)(6,370,337)
Equity, attributable to noncontrolling interest1,5751,5872,7962,9564,5154,341
Total equity:847,505760,0221,428,3411,628,1291,645,7703,594,297
TOTAL LIABILITIES AND EQUITY:2,190,5342,439,0983,020,1553,402,2703,517,5275,615,050

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

9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
6/30/2022
Q1
3/31/2022
Q4
Revenues108,726(5,651)101,213117,863110,115122,115
Cost of revenue
(Cost of Goods and Services Sold)
(102,789)(64,677)(103,654)(114,042)(111,507)(372,329)
Gross profit:5,937(70,328)(2,441)3,821(1,392)(250,214)
Operating expenses(97,277)(2,224,936)(151,323)(179,668)(1,836,837)177,794
Operating loss:(91,340)(2,295,264)(153,764)(175,847)(1,838,229)(72,420)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
51,497(1,276,794)(113,340)(47,844)(245,578)774,447
Interest and debt expense(32,186)(48,542)(33,288)(30,471)(26,901)(100,236)
Income (loss) from continuing operations before equity method investments, income taxes:(72,029)(3,620,600)(300,392)(254,162)(2,110,708)601,791
Income from equity method investments      40,751
Other undisclosed income from continuing operations before income taxes32,18648,64233,28830,47126,901100,236
Income (loss) from continuing operations before income taxes:(39,843)(3,571,958)(267,104)(223,691)(2,083,807)742,778
Income tax expense (benefit)(2,018)4,284382(8,220)(3,749)(9,138)
Income (loss) from continuing operations:(41,861)(3,567,674)(266,722)(231,911)(2,087,556)733,640
Income (loss) before gain (loss) on sale of properties:(231,911)(2,087,556)733,640
Loss from discontinued operations      
Net income (loss):(41,861)(3,567,674)(266,722)(231,911)(2,087,556)733,640
Net income attributable to noncontrolling interest 3,74017,0815,13910,1054,4089,121
Other undisclosed net income attributable to parent      
Net income (loss) available to common stockholders, basic:(38,121)(3,550,593)(261,583)(221,806)(2,083,148)742,761
Other undisclosed net income available to common stockholders, diluted  94,442    
Net income (loss) available to common stockholders, diluted:(38,121)(3,456,151)(261,583)(221,806)(2,083,148)742,761

Comprehensive Income ($ in thousands)

9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
6/30/2022
Q1
3/31/2022
Q4
Net income (loss):(41,861)(3,567,674)(266,722)(231,911)(2,087,556)733,640
Other comprehensive income (loss)7,01850,41619,45910,26427,818169,320
Comprehensive income (loss):(34,843)(3,517,258)(247,263)(221,647)(2,059,738)902,960
Comprehensive income, net of tax, attributable to noncontrolling interest 3,74017,0815,13910,1054,4089,121
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:(31,103)(3,500,177)(242,124)(211,542)(2,055,330)912,081

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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