Cronos Group Inc. (CRON) Financial Statements (2024 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 thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments877,7211,004,6571,289,7891,506,040
Cash and cash equivalents764,644886,9731,078,0231,199,693
Short-term investments113,077117,684211,766306,347
Receivables37,81033,83526,04416,534
Inventory, net of allowances, customer advances and progress billings37,55932,80244,00238,043
Inventory37,55932,80244,00238,043
Asset, held-for-sale, not part of disposal group   1,176 
Other undisclosed current assets7,0668,42411,1619,395
Total current assets:960,1561,079,7181,372,1721,570,012
Noncurrent Assets
Operating lease, right-of-use asset2,2738,8829,7766,546
Property, plant and equipment60,55774,070187,599161,809
Long-term investments and receivables162,093215,791106,89364,961
Long-term investments89,748135,15619,70219,994
Accounts and financing receivable, after allowance for credit loss72,34580,63587,19144,967
Intangible assets, net (including goodwill)27,73719,177249,242287,114
Goodwill1,0331,098179,522214,794
Intangible assets, net (excluding goodwill)26,70418,07969,72072,320
Deferred income tax assets    
Other noncurrent assets 193100  
Total noncurrent assets:252,853318,020553,510520,430
TOTAL ASSETS:1,213,0091,397,7381,925,6822,090,442
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities33,43137,39212,9729,194
Taxes payable105865 
Accounts payable11,16311,21812,1079,194
Accrued liabilities22,26826,069  
Debt    427
Derivative instruments and hedges, liabilities1514,375163,410297,160
Due to related parties384   
Other liabilities    
Other undisclosed current liabilities34,2862,60630,45226,107
Total current liabilities:68,11654,373206,834332,888
Noncurrent Liabilities
Long-term debt and lease obligation:  7,0958,4926,680
Liabilities, other than long-term debt3,9291,9942,1881,844
Deferred income tax liabilities  81  
Due to related parties1,3831,9132,1881,844
Other liabilities    
Operating lease, liability2,5467,0958,4926,680
Total noncurrent liabilities:3,9299,08910,6808,524
Total liabilities:72,04563,462217,514341,412
Equity
Equity, attributable to parent1,143,8851,337,2431,711,3641,749,883
Common stock611,318595,497569,260561,165
Additional paid in capital42,68232,46534,59623,234
Accumulated other comprehensive income (loss)(797)49,86542,99927,838
Retained earnings490,682659,4161,064,5091,137,646
Equity, attributable to noncontrolling interest(2,921)(2,967)(3,196)(853)
Total equity:1,140,9641,334,2761,708,1681,749,030
TOTAL LIABILITIES AND EQUITY:1,213,0091,397,7381,925,6822,090,442

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues91,90474,43546,71923,750
Cost of revenue
(Cost of Goods and Services Sold)
(22,552)(27,012)(33,689)(31,329)
Other undisclosed gross profit(57,383)(64,957)(38,863)(10,285)
Gross profit:11,969(17,534)(25,833)(17,864)
Operating expenses(136,807)(543,060)(153,514)(103,620)
Operating loss:(124,838)(560,594)(179,347)(121,484)
Nonoperating income (expense)(9,721)163,459106,0741,287,058
Investment income, nonoperating36,610160,458152,6441,321,575
Gain (loss), foreign currency transaction, before tax(2,286)   
Interest and debt expense (13)(27)(186)(1,244)
Other undisclosed loss from continuing operations before equity method investments, income taxes    
Income (loss) from continuing operations before equity method investments, income taxes:(134,572)(397,162)(73,459)1,164,330
Income (loss) from equity method investments3,114(6,313)(4,510)(2,009)
Other undisclosed income (loss) from continuing operations before income taxes(3,101)6,3404,6963,253
Income (loss) from continuing operations before income taxes:(134,559)(397,135)(73,273)1,165,574
Income tax expense (benefit)(34,175)431(1,347) 
Income (loss) from continuing operations:(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
Loss from discontinued operations (500)(650) 
Net income (loss):(168,734)(397,204)(75,270)1,165,574
Net income attributable to noncontrolling interest 1,0972,133932
Other undisclosed net loss attributable to parent    
Net income (loss) attributable to parent:(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:(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:(168,734)(396,107)(72,487)1,142,090

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income (loss):(168,734)(397,204)(75,270)1,165,574
Other comprehensive income  8,19214,95137,687
Other undisclosed comprehensive income (loss)(50,616)   
Comprehensive income (loss):(219,350)(389,012)(60,319)1,203,261
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(46)(229)2,343953
Comprehensive income (loss), net of tax, attributable to parent:(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.

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