Greenidge Generation Holdings Inc. (GREE) Financial Statements (2024 and earlier)

Company Profile

Business Address 590 PLANT ROAD
DRESDEN, NY 14441
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6199 - Finance Services (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 15,21783,095
Cash and cash equivalents  15,21782,599
Short-term investments   496
Other undisclosed cash, cash equivalents, and short-term investments   
Receivables1,2153,4945,524
Prepaid expense 3,3876,2669,146
Derivative instruments and hedges, assets 477  
Disposal group, including discontinued operation  6,473 
Other current assets 11,100  
Other undisclosed current assets8,2531,6082,837
Total current assets:24,43233,058100,602
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   1,472
Property, plant and equipment45,095130,417217,091
Intangible assets, net (including goodwill)   6,599
Goodwill   3,062
Intangible assets, net (excluding goodwill)   3,537
Deferred income tax assets   15,058
Other undisclosed noncurrent assets1,652292445
Total noncurrent assets:46,747130,709240,665
TOTAL ASSETS:71,179163,767341,267
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,61120,93518,779
Taxes payable2,481
Accounts payable3,4959,6085,923
Accrued liabilities6,11611,32710,375
Debt  67,16120,313
Disposal group, including discontinued operation4833,974 
Other liabilities   
Other undisclosed current liabilities10,8836,6522,634
Total current liabilities:20,97798,72241,726
Noncurrent Liabilities
Long-term debt and lease obligation68,71084,58575,444
Long-term debt, excluding current maturities68,71084,58575,251
Finance lease, liability   193
Liabilities, other than long-term debt2,6501073,059
Asset retirement obligations   2,691
Other liabilities2,650107368
Other undisclosed noncurrent liabilities29,86627,4008,615
Total noncurrent liabilities:101,226112,09287,118
Total liabilities:122,203210,814128,844
Equity
Equity, attributable to parent(51,024)(47,047)212,423
Common stock154
Common stock, share subscribed but unissued, subscriptions receivable (698)  
Additional paid in capital319,992293,769281,815
Accumulated other comprehensive loss(345)(357) 
Accumulated deficit(369,974)(340,464)(69,396)
Total equity:(51,024)(47,047)212,423
TOTAL LIABILITIES AND EQUITY:71,179163,767341,267

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Revenues70,38889,979107,277
Gross profit:70,38889,979107,277
Operating expenses(87,280)(323,142)(144,410)
Operating loss:(16,892)(233,163)(37,133)
Nonoperating expense(12,147)(21,576)(6,939)
Interest and debt expense(13,291)(38,294)(3,688)
Loss from continuing operations before equity method investments, income taxes:(42,330)(293,033)(47,760)
Other undisclosed income from continuing operations before income taxes13,29138,2943,688
Loss from continuing operations before income taxes:(29,039)(254,739)(44,072)
Income tax expense  (15,002)(408)
Other undisclosed income from continuing operations   
Loss from continuing operations:(29,039)(269,741)(44,480)
Loss before gain (loss) on sale of properties:(44,480)
Other undisclosed net loss (1,327) 
Net loss:(29,039)(271,068)(44,480)
Other undisclosed net loss attributable to parent(471)  
Net loss attributable to parent:(29,510)(271,068)(44,480)
Other undisclosed net loss available to common stockholders, basic   (647)
Net loss available to common stockholders, diluted:(29,510)(271,068)(45,127)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net loss:(29,039)(271,068)(44,480)
Comprehensive loss:(29,039)(271,068)(44,480)
Other undisclosed comprehensive loss, net of tax, attributable to parent(459)  
Comprehensive loss, net of tax, attributable to parent:(29,498)(271,068)(44,480)

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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