Compass Diversified Holdings (CODI) Financial Statements (2024 and earlier)

Company Profile

Business Address 301 RIVERSIDE AVENUE
WESTPORT, CT 06880
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 251 - Household Furniture (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments67,35453,65661,27161,252102,70997,345
Cash and cash equivalents67,35453,65661,27161,252102,70997,345
Receivables296,291326,744341,440326,266268,530265,287
Inventory, net of allowances, customer advances and progress billings788,283764,029732,428725,902695,687617,159
Inventory788,283764,029732,428725,902695,687617,159
Disposal group, including discontinued operation     96,227102,293
Other undisclosed current assets95,24564,18975,04681,13066,53069,108
Total current assets:1,247,1731,208,6181,210,1851,194,5501,229,6831,151,192
Noncurrent Assets
Property, plant and equipment204,804202,729205,474193,749182,989179,177
Intangible assets, net (including goodwill)2,169,2112,169,0862,261,3402,290,2711,649,1741,670,519
Goodwill1,072,9511,066,7261,133,4041,194,251788,913791,174
Intangible assets, net (excluding goodwill)1,096,2601,102,3601,127,9361,096,020860,261879,345
Other noncurrent assets    162,727141,487136,641
Other undisclosed noncurrent assets174,505177,492172,632   
Total noncurrent assets:2,548,5202,549,3072,639,4462,646,7471,973,6501,986,337
TOTAL ASSETS:3,795,6933,757,9253,849,6313,841,2973,203,3333,137,529
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities268,521279,762285,819312,144292,278270,318
Accounts payable90,23478,71894,214100,511110,68093,354
Accrued liabilities178,287201,044191,605211,633181,598176,964
Debt10,00010,00010,00010,000  
Disposal group, including discontinued operation     27,27030,905
Due to related parties15,74515,36813,50113,099
Other liabilities36,95140,07538,06339,37832,28641,942
Other undisclosed current liabilities15,40215,03410,204   
Total current liabilities:330,874344,871359,831376,890365,335356,264
Noncurrent Liabilities
Long-term debt and lease obligation1,757,6731,675,5711,824,4681,784,3651,285,7471,285,304
Long-term debt, excluding current maturities1,757,6731,675,5711,824,4681,784,3651,285,7471,285,304
Liabilities, other than long-term debt289,541292,850303,370288,059197,405192,533
Deferred income tax liabilities137,466139,645156,642153,20279,35782,858
Other liabilities152,075153,205146,728134,857118,048109,675
Total noncurrent liabilities:2,047,2141,968,4212,127,8382,072,4241,483,1521,477,837
Total liabilities:2,378,0882,313,2922,487,6692,449,3141,848,4871,834,101
Equity
Equity, attributable to parent, including:1,176,7901,214,9411,136,9201,171,5651,177,5091,133,142
Common stock1,206,9531,206,9961,207,0441,207,0821,185,3481,143,354
Treasury stock, value(5,856)(3,954)    
Accumulated other comprehensive income (loss)282(414)(1,136)(2,593)(665)(228)
Accumulated deficit(328,507)(291,605)(372,906)(336,842)(311,092)(313,902)
Other undisclosed equity, attributable to parent303,918303,918303,918303,918303,918303,918
Equity, attributable to noncontrolling interest240,815229,692225,042220,418177,707171,735
Other undisclosed equity     (370)(1,449)
Total equity:1,417,6051,444,6331,361,9621,391,9831,354,8461,303,428
TOTAL LIABILITIES AND EQUITY:3,795,6933,757,9253,849,6313,841,2973,203,3333,137,529

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues524,159542,228594,921597,607515,597510,513
Cost of revenue
(Cost of Goods and Services Sold)
(287,269)(304,397)(360,090)(358,291)(303,840)(309,698)
Gross profit:236,890237,831234,831239,316211,757200,815
Operating expenses(165,138)(162,560)(282,444)(165,417)(140,525)(135,108)
Other undisclosed operating income (loss)(26,677)(26,374)67,191(25,152)(20,921)(21,105)
Operating income:45,07548,89719,57848,74750,31144,602
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(101)1,127(1,320)(2,141)7372,036
Interest and debt expense    (534)  
Income from continuing operations before equity method investments, income taxes:44,97450,02418,25846,07251,04846,638
Other undisclosed loss from continuing operations before income taxes(27,639)(27,185)(26,774)(23,803)(18,384)(18,285)
Income (loss) from continuing operations before income taxes:17,33522,839(8,516)22,26932,66428,353
Income tax expense(4,444)(9,836)(5,828)(21,163)(6,132)(9,976)
Income (loss) from continuing operations:12,89113,003(14,344)1,10626,53218,377
Income before gain (loss) on sale of properties:1,10631,53623,747
Income (loss) from discontinued operations  (1,391)2,500 5,0045,370
Other undisclosed net income (loss)4,23297,989 1,479(579)5,993
Net income (loss):17,123109,601(11,844)2,58530,95729,740
Net loss attributable to noncontrolling interest(3,517)(4,204)(124)(4,359)(4,590)(5,978)
Net income (loss) available to common stockholders, diluted:13,606105,397(11,968)(1,774)26,36723,762

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):17,123109,601(11,844)2,58530,95729,740
Other comprehensive income (loss)6967221,457(1,928)(437)800
Comprehensive income (loss):17,819110,323(10,387)65730,52030,540
Comprehensive loss, net of tax, attributable to noncontrolling interest(3,533)(4,224)(193)(4,329)(4,582)(5,983)
Comprehensive income (loss), net of tax, attributable to parent:14,286106,099(10,580)(3,672)25,93824,557

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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