Cronos Group Inc. (CRON) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
4491 CONCESSION RD 12 STAYNER, ON L0M 1S0 |
| State of Incorp. | BC |
| 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 thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 861,528 | 877,721 | 1,004,657 | 1,289,789 | 1,506,040 | |||
| Cash and cash equivalents | 669,291 | 764,644 | 886,973 | 1,078,023 | 1,199,693 | |||
| Short-term investments | 192,237 | 113,077 | 117,684 | 211,766 | 306,347 | |||
| Receivables | 39,252 | 37,810 | 33,835 | 26,044 | 16,534 | |||
| Inventory, net of allowances, customer advances and progress billings | 30,495 | 37,559 | 32,802 | 44,002 | 38,043 | |||
| Inventory | 30,495 | 37,559 | 32,802 | 44,002 | 38,043 | |||
| Asset, held-for-sale, not part of disposal group | 1,176 | |||||||
| Other undisclosed current assets | 2,031 | 7,066 | 8,424 | 11,161 | 9,395 | |||
| Total current assets: | 933,306 | 960,156 | 1,079,718 | 1,372,172 | 1,570,012 | |||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 1,356 | 2,273 | 8,882 | 9,776 | 6,546 | |||
| Property, plant and equipment | 59,468 | 60,557 | 74,070 | 187,599 | 161,809 | |||
| Long-term investments and receivables | 123,775 | 162,093 | 215,791 | 106,893 | 64,961 | |||
| Long-term investments | 54,739 | 89,748 | 135,156 | 19,702 | 19,994 | |||
| Accounts and financing receivable, after allowance for credit loss | 69,036 | 72,345 | 80,635 | 87,191 | 44,967 | |||
| Intangible assets, net (including goodwill) | 22,135 | 27,737 | 19,177 | 249,242 | 287,114 | |||
| Goodwill | 1,057 | 1,033 | 1,098 | 179,522 | 214,794 | |||
| Intangible assets, net (excluding goodwill) | 21,078 | 26,704 | 18,079 | 69,720 | 72,320 | |||
| Other noncurrent assets | 45 | 193 | 100 | |||||
| Total noncurrent assets: | 206,779 | 252,853 | 318,020 | 553,510 | 520,430 | |||
| TOTAL ASSETS: | 1,140,085 | 1,213,009 | 1,397,738 | 1,925,682 | 2,090,442 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 39,866 | 33,431 | 37,392 | 12,972 | 9,194 | |||
| Taxes payable | ✕ | ✕ | ✕ | 105 | 865 | |||
| Accounts payable | 12,130 | 11,163 | 11,218 | 12,107 | 9,194 | |||
| Accrued liabilities | 27,736 | 22,268 | 26,069 | |||||
| Debt | 427 | |||||||
| Derivative instruments and hedges, liabilities | 102 | 15 | 14,375 | 163,410 | 297,160 | |||
| Other liabilities | 373 | |||||||
| Due to related parties | ✕ | ✕ | 384 | |||||
| Other undisclosed current liabilities | 1,058 | 34,286 | 2,606 | 30,452 | 26,107 | |||
| Total current liabilities: | 41,399 | 68,116 | 54,373 | 206,834 | 332,888 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation: | 7,095 | 8,492 | 6,680 | |||||
| Liabilities, other than long-term debt | 2,562 | 3,929 | 1,994 | 2,188 | 1,844 | |||
| Deferred income tax liabilities | 81 | |||||||
| Due to related parties | ✕ | ✕ | 1,383 | 1,913 | 2,188 | 1,844 | ||
| Other liabilities | 1,003 | |||||||
| Operating lease, liability | 1,559 | 2,546 | 7,095 | 8,492 | 6,680 | |||
| Total noncurrent liabilities: | 2,562 | 3,929 | 9,089 | 10,680 | 8,524 | |||
| Total liabilities: | 43,961 | 72,045 | 63,462 | 217,514 | 341,412 | |||
| Equity | ||||||||
| Equity, attributable to parent | 1,099,571 | 1,143,885 | 1,337,243 | 1,711,364 | 1,749,883 | |||
| Common stock | 613,725 | 611,318 | 595,497 | 569,260 | 561,165 | |||
| Additional paid in capital | 48,449 | 42,682 | 32,465 | 34,596 | 23,234 | |||
| Accumulated other comprehensive income (loss) | 20,678 | (797) | 49,865 | 42,999 | 27,838 | |||
| Retained earnings | 416,719 | 490,682 | 659,416 | 1,064,509 | 1,137,646 | |||
| Equity, attributable to noncontrolling interest | (3,447) | (2,921) | (2,967) | (3,196) | (853) | |||
| Total equity: | 1,096,124 | 1,140,964 | 1,334,276 | 1,708,168 | 1,749,030 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,140,085 | 1,213,009 | 1,397,738 | 1,925,682 | 2,090,442 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 87,241 | 91,904 | 74,435 | 46,719 | 23,750 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (33,834) | (22,552) | (27,012) | (33,689) | (31,329) | ||
| Other undisclosed gross profit | (41,498) | (57,383) | (64,957) | (38,863) | (10,285) | ||
| Gross profit: | 11,909 | 11,969 | (17,534) | (25,833) | (17,864) | ||
| Operating expenses | (96,709) | (136,807) | (543,060) | (153,514) | (103,620) | ||
| Operating loss: | (84,800) | (124,838) | (560,594) | (179,347) | (121,484) | ||
| Nonoperating income (expense) | 11,131 | (9,721) | 163,459 | 106,074 | 1,287,058 | ||
| Investment income, nonoperating | (85) | 36,610 | 160,458 | 152,644 | 1,321,575 | ||
| Gain (loss), foreign currency transaction, before tax | (7,324) | (2,286) | |||||
| Interest and debt expense | (13) | (27) | (186) | (1,244) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | (73,669) | (134,572) | (397,162) | (73,459) | 1,164,330 | ||
| Income (loss) from equity method investments | 3,114 | (6,313) | (4,510) | (2,009) | |||
| Other undisclosed income (loss) from continuing operations before income taxes | (3,101) | 6,340 | 4,696 | 3,253 | |||
| Income (loss) from continuing operations before income taxes: | (73,669) | (134,559) | (397,135) | (73,273) | 1,165,574 | ||
| Income tax expense (benefit) | 3,230 | (34,175) | 431 | (1,347) | |||
| Income (loss) from continuing operations: | (70,439) | (168,734) | (396,704) | (74,620) | 1,165,574 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (397,204) | (75,270) | 1,165,574 | |
| Income (loss) from discontinued operations | (4,114) | (500) | (650) | ||||
| Net income (loss): | (74,553) | (168,734) | (397,204) | (75,270) | 1,165,574 | ||
| Net income attributable to noncontrolling interest | 590 | 1,097 | 2,133 | 932 | |||
| Net income (loss) attributable to parent: | (73,963) | (168,734) | (396,107) | (73,137) | 1,166,506 | ||
| Other undisclosed net income available to common stockholders, basic | 650 | ||||||
| Net income (loss) available to common stockholders, basic: | (73,963) | (168,734) | (396,107) | (72,487) | 1,166,506 | ||
| Dilutive securities, effect on basic earnings per share | (24,416) | ||||||
| Net income (loss) available to common stockholders, diluted: | (73,963) | (168,734) | (396,107) | (72,487) | 1,142,090 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | (74,553) | (168,734) | (397,204) | (75,270) | 1,165,574 | ||
| Other comprehensive income | 8,192 | 14,951 | 37,687 | ||||
| Other undisclosed comprehensive income (loss) | 21,539 | (50,616) | |||||
| Comprehensive income (loss): | (53,014) | (219,350) | (389,012) | (60,319) | 1,203,261 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 526 | (46) | (229) | 2,343 | 953 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (52,488) | (219,396) | (389,241) | (57,976) | 1,204,214 | ||
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.