GrowGeneration Corp. (GRWG) Financial Statements (2024 and earlier)

Company Profile

Business Address 5619 DTC PARKWAY
GREENWOOD VILLAGE, CO 80111
State of Incorp. CO
Fiscal Year End December 31
Industry (SIC) 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers (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
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments64,96971,90681,165177,91212,97914,640
Cash and cash equivalents29,75740,05441,372177,91212,97914,640
Short-term investments35,21231,85239,793   
Receivables8,8958,3365,7416,5134,455862
Inventory, net of allowances, customer advances and progress billings64,90577,091105,57154,02422,6598,869
Inventory64,90577,091105,57154,02422,6598,869
Prepaid expense5165,6795,856   
Financing receivable, excluding accrued interest, after allowance for credit loss1931,214 
Other undisclosed current assets7,9736,45518,55611,7802,550606
Total current assets:147,451170,681216,889250,22942,64424,978
Noncurrent Assets
Operating lease, right-of-use asset39,93346,43343,73012,0887,629
Property, plant and equipment27,05228,66924,1166,4753,3411,821
Long-term investments and receivables106     
Accounts and financing receivable, after allowance for credit loss106     
Intangible assets, net (including goodwill)23,70546,856173,80384,44118,0328,867
Goodwill7,52515,978125,40162,95117,7998,753
Intangible assets, net (excluding goodwill)16,18030,87848,40221,490233114
Other undisclosed noncurrent assets8438038001,501377227
Total noncurrent assets:91,639122,761242,449104,50529,37910,915
TOTAL ASSETS:239,090293,442459,338354,73472,02235,893
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities14,19623,27528,44017,9517,6312,462
Taxes payable1,923 534192
Employee-related liabilities7,4402,6551,072410
Accounts payable11,66615,72817,03314,6236,0251,819
Accrued liabilities2,5307,5472,044672 40
Deferred revenue5,3594,33811,6865,155 
Debt  5092831,947437
Other undisclosed current liabilities11,3758,1316,8584,1612,504516
Total current liabilities:30,93035,79447,07627,34912,0813,415
Noncurrent Liabilities
Long-term debt and lease obligation   38,6129,6376,049376
Long-term debt, excluding current maturities   66158242376
Liabilities, other than long-term debt34,76541,2522,359750  
Deferred income tax liabilities   2,359750 
Other liabilities317593    
Operating lease, liability34,44840,65938,5469,4795,807
Other undisclosed noncurrent liabilities      2,044
Total noncurrent liabilities:34,76541,25240,97110,3876,0492,420
Total liabilities:65,69577,04688,04737,73618,1315,834
Equity
Equity, attributable to parent173,395216,396371,291316,99753,89230,059
Common stock616160573728
Additional paid in capital373,433369,938361,087319,58260,74238,797
Retained earnings (accumulated deficit)(200,099)(153,603)10,144(2,642)(6,887)(8,766)
Total equity:173,395216,396371,291316,99753,89230,059
TOTAL LIABILITIES AND EQUITY:239,090293,442459,338354,73472,02235,893

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
12/31/2018
Revenues225,882278,166422,489193,36579,73429,001
Cost of revenue(164,624)(207,903)(304,248)(142,317)(57,172)(22,556)
Cost of goods and services sold(164,624)(207,903) (3,966)  
Gross profit:61,25870,263118,24151,04822,5626,445
Operating expenses(111,102)(238,138)(103,239)(42,611)(20,422)(10,700)
Operating income (loss):(49,844)(167,875)15,0028,4382,140(4,256)
Nonoperating income (expense)3,3801,243227142(261)(818)
Investment income, nonoperating      
Other nonoperating income (expense)781(21)(43)(14)(5)116
Interest and debt expense    (3,251)(45)(24)
Income (loss) from continuing operations before equity method investments, income taxes:(46,464)(166,632)15,2295,3281,834(5,097)
Other undisclosed income from continuing operations before income taxes    3,251  
Income (loss) from continuing operations before income taxes:(46,464)(166,632)15,2298,5791,834(5,097)
Income tax expense (benefit)(32)2,885(2,443)(3,251)  
Income (loss) from continuing operations:(46,496)(163,747)12,7865,3281,834(5,097)
Income (loss) before gain (loss) on sale of properties:12,7865,3281,834(5,097)
Net income (loss):(46,496)(163,747)12,7865,3281,834(5,097)
Other undisclosed net income attributable to parent     4524
Net income (loss) available to common stockholders, diluted:(46,496)(163,747)12,7865,3281,879(5,074)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(46,496)(163,747)12,7865,3281,834(5,097)
Comprehensive income (loss), net of tax, attributable to parent:(46,496)(163,747)12,7865,3281,834(5,097)

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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