Cronos Group Inc. (CRON) Financial Statements (2023 and Earlier)

Company Profile

Business Address 111 PETER STREET
TORONTO, ON M5V 2H1
State of Incorp. ON
Fiscal Year End December 31
Industry (SIC) 2833 - Medicinal Chemicals and Botanical Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0051,2901,506
Cash and cash equivalents8871,0781,200
Short-term investments118212306
Receivables342617
Inventory, net of allowances, customer advances and progress billings334438
Inventory334438
Assets held-for-sale, not part of disposal group 1 
Other undisclosed current assets8119
Total current assets:1,0801,3721,570
Noncurrent Assets
Operating lease, right-of-use asset9107
Property, plant and equipment74188162
Long-term investments and receivables21610765
Long-term investments1352020
Accounts and financing receivable, after allowance for credit loss818745
Intangible assets, net (including goodwill)19249287
Goodwill1180215
Intangible assets, net (excluding goodwill)187072
Other noncurrent assets0  
Total noncurrent assets:318554520
TOTAL ASSETS:1,3981,9262,090
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities37139
Accounts payable11129
Accrued liabilities26  
Taxes payable01 
Debt  0
Derivative instruments and hedges, liabilities14163297
Other undisclosed current liabilities33026
Total current liabilities:54207333
Noncurrent Liabilities
Long-term debt and lease obligation787
Operating lease, liability787
Liabilities, other than long-term debt222
Deferred income tax liabilities0  
Due to related parties222
Total noncurrent liabilities:9119
Total liabilities:63218341
Stockholders' equity
Stockholders' equity attributable to parent1,3371,7111,750
Common stock595569561
Additional paid in capital323523
Accumulated other comprehensive income504328
Retained earnings6591,0651,138
Stockholders' equity attributable to noncontrolling interest(3)(3)(1)
Total stockholders' equity:1,3341,7081,749
TOTAL LIABILITIES AND EQUITY:1,3981,9262,090

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

12/31/2021
12/31/2020
12/31/2019
Revenues744724
Cost of revenue
(Cost of Goods and Services Sold)
(27)(34)(31)
Other undisclosed gross profit(65)(39)(10)
Gross profit:(18)(26)(18)
Operating expenses(543)(154)(104)
Operating loss:(561)(179)(121)
Nonoperating income1631061,287
Investment income, nonoperating1601531,322
Interest and debt expense(0)(0)(1)
Income (loss) from continuing operations before equity method investments, income taxes:(397)(73)1,164
Loss from equity method investments(6)(5)(2)
Other undisclosed income from continuing operations before income taxes653
Income (loss) from continuing operations before income taxes:(397)(73)1,166
Income tax expense (benefit)0(1) 
Income (loss) from continuing operations:(397)(75)1,166
Loss from discontinued operations(1)(1) 
Net income (loss):(397)(75)1,166
Net income attributable to noncontrolling interest121
Net income (loss) attributable to parent:(396)(73)1,167
Other undisclosed net income available to common stockholders, basic 1 
Net income (loss) available to common stockholders, basic:(396)(72)1,167
Dilutive securities, effect on basic earnings per share  (24)
Net income (loss) available to common stockholders, diluted:(396)(72)1,142

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
Net income (loss):(397)(75)1,166
Other comprehensive income81538
Comprehensive income (loss):(389)(60)1,203
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)21
Comprehensive income (loss), net of tax, attributable to parent:(389)(58)1,204

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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