Whole Earth Brands Inc. (FREE) Financial Statements (2024 and earlier)

Company Profile

Business Address 125 S. WACKER DRIVE
CHICAGO, IL 60606
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 206 - Sugar And Confectionery Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2024
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 investments30,51328,67628,29616,8981,006
Cash and cash equivalents30,51328,67628,29616,8981,006
Receivables74,01266,65369,59056,423 
Inventory, net of allowances, customer advances and progress billings209,271218,975212,930111,699 
Inventory209,271218,975212,930111,699 
Prepaid expense     66
Other undisclosed current assets6,42910,5307,5855,045 
Total current assets:320,225324,834318,401190,0651,072
Noncurrent Assets
Operating lease, right-of-use asset19,22318,23826,44412,193 
Property, plant and equipment54,93758,09258,50347,285 
Intangible assets, net (including goodwill)423,546438,515509,600338,064 
Goodwill193,610193,139242,661153,537 
Intangible assets, net (excluding goodwill)229,936245,376266,939184,527 
Asset, held-in-trust     304,283
Deferred income tax assets5005391,9932,671 
Other noncurrent assets7,2668,7857,6386,260 
Other undisclosed noncurrent assets     38
Total noncurrent assets:505,472524,169604,178406,473304,321
TOTAL ASSETS:825,697849,003922,579596,538305,393
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities56,01747,35755,67025,200 
Employee-related liabilities488  
Accounts payable55,66247,00255,18225,200 
Accrued liabilities 355355   
Debt3,7503,7503,7507,000 
Business combination, contingent consideration, liability   54,113  
Due to related parties   20
Other undisclosed current liabilities39,18835,93738,19532,652 
Total current liabilities:98,95587,044151,72864,85220
Noncurrent Liabilities
Long-term debt and lease obligation417,929432,172406,059183,986 
Long-term debt, excluding current maturities417,929432,172383,484172,662 
Liabilities, other than long-term debt57,12355,02048,86838,854 
Deferred income tax liabilities31,57932,58535,09023,297 
Other liabilities11,2089,77113,77815,557 
Operating lease, liability14,33612,66422,57511,324 
Other undisclosed noncurrent liabilities  2162,053 11,280
Total noncurrent liabilities:475,052487,408456,980222,84011,280
Total liabilities:574,007574,452608,708287,69211,300
Temporary equity, carrying amount     289,093
Equity
Equity, attributable to parent, including:251,690274,551313,871308,8465,000
Common stock4444 
Additional paid in capital365,721360,777330,616325,6791,067
Accumulated other comprehensive income (loss)9,249(1,042)9,6878,605 
Retained earnings (accumulated deficit)(123,284)(85,188)(26,436)(25,442)3,932
Other undisclosed equity, attributable to parent     1
Total equity:251,690274,551313,871308,8465,000
TOTAL LIABILITIES AND EQUITY:825,697849,003922,579596,538305,393

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues550,913538,272493,973 4,255
Net investment income     4,255
Cost of revenue
(Cost of Goods and Services Sold)
(407,236)(398,060)(335,218)  
Gross profit:143,677140,212158,755 4,255
Operating expenses(128,282)(164,858)(135,939)(1,300)(351)
Other undisclosed operating loss     (4,255)
Operating income (loss):15,395(24,646)22,816(1,300)(351)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(3,188)1,051196 4,283
Interest and debt expense   (5,513)  
Income (loss) from continuing operations before equity method investments, income taxes:12,207(23,595)17,499(1,300)3,932
Other undisclosed loss from continuing operations before income taxes(43,974)(29,368)(24,560)  
Income (loss) from continuing operations before income taxes:(31,767)(52,963)(7,061)(1,300)3,932
Income tax expense (benefit)(6,329)(5,789)7,144  
Income (loss) from continuing operations:(38,096)(58,752)83(1,300)3,932
Income (loss) before gain (loss) on sale of properties:83(1,300)3,932
Net income (loss) attributable to parent:(38,096)(58,752)83(1,300)3,932
Undistributed earnings (loss) allocated to participating securities, basic     (28,502)
Other undisclosed net income available to common stockholders, basic     24,433
Net income (loss) available to common stockholders, basic:(38,096)(58,752)83(1,300)(137)
Other undisclosed net loss available to common stockholders, diluted   (29)  
Net income (loss) available to common stockholders, diluted:(38,096)(58,752)54(1,300)(137)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income (loss):(38,096)(58,752)83(1,300)3,932
Other comprehensive income (loss) (200)1,316(491)  
Other undisclosed comprehensive loss     
Comprehensive income (loss):(38,296)(57,436)(408)(1,300)3,932
Other undisclosed comprehensive income (loss), net of tax, attributable to parent10,491(12,045)1,573  
Comprehensive income (loss), net of tax, attributable to parent:(27,805)(69,481)1,165(1,300)3,932

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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