Green Thumb Industries Inc. (GTBIF) Financial Statements (2024 and earlier)

Company Profile

Business Address 325 WEST HURON STREET
CHICAGO, IL 60654
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 01 - Agricultural Production Crops (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

6/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   230,42083,758
Cash and cash equivalents   230,42083,758
Receivables42,97538,44822,09921,415
Inventory, net of allowances, customer advances and progress billings112,970115,67595,47169,543
Inventory112,970115,67595,47169,543
Prepaid expense19,80113,36411,1756,445
Other current assets5,3826,1825,0652,783
Other undisclosed current assets161,634177,682  
Total current assets:342,762351,351364,230183,944
Noncurrent Assets
Operating lease, right-of-use asset238,369242,357176,327140,383
Property, plant and equipment687,106557,873409,074189,926
Long-term investments and receivables64,36174,16994,90240,795
Long-term investments64,36174,16994,90240,795
Intangible assets, net (including goodwill)1,128,3691,179,2101,308,340788,940
Goodwill589,691589,691632,849382,697
Intangible assets, net (excluding goodwill)538,678589,519675,491406,242
Other undisclosed noncurrent assets29,09028,56832,97814,562
Total noncurrent assets:2,147,2952,082,1772,021,6211,174,605
TOTAL ASSETS:2,490,0572,433,5282,385,8511,358,549
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities84,047105,394100,33792,934
Taxes payable✕✕✕1,52716,142
Accounts payable24,49518,42314,08620,504
Accrued liabilities59,55286,97184,72456,289
Debt2,9961,037783342
Deferred compensation liability16,00513,47612,022 
Business combination, contingent consideration, liability  11,40050,28422,150
Other undisclosed current liabilities23,00215,26440,9533,862
Total current liabilities:126,050146,571204,379119,288
Noncurrent Liabilities
Long-term debt and lease obligation305,527274,631421,690245,140
Long-term debt, excluding current maturities305,527274,631239,15198,713
Liabilities, other than long-term debt282,714284,34458,45844,404
Accounts payable and accrued liabilities  4,52024,87739,454
Operating lease, liability249,464249,281182,539146,427
Business combination, contingent consideration, liability 33,25030,54333,5814,950
Other undisclosed noncurrent liabilities72,51062,55081,84635,558
Total noncurrent liabilities:660,751621,525561,994325,101
Total liabilities:786,801768,096766,373444,390
Equity
Equity, attributable to parent, including:1,702,8781,664,9161,621,116910,622
Other undisclosed equity, attributable to parent1,702,8781,664,9161,621,116910,622
Equity, attributable to noncontrolling interest378516(1,638)3,537
Total equity:1,703,2561,665,4321,619,478914,159
TOTAL LIABILITIES AND EQUITY:2,490,0572,433,5282,385,8511,358,549

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues1,054,5531,017,375893,560556,573
Cost of revenue
(Cost of Goods and Services Sold)		(528,058)(513,412)(401,631)(252,404)
Gross profit:526,495503,963491,929304,169
Operating expenses(341,863)(382,899)(277,087)(198,062)
Operating income:184,632121,064214,842106,107
Nonoperating expense(28,583)(12,632)(9,867)(3,176)
Other nonoperating income (expense)(16,207)4,49910,67715,377
Interest and debt expense1,283(21,201)(10,645)(18,667)
Income from continuing operations before equity method investments, income taxes:157,33287,231194,33084,264
Loss from equity method investments    
Other undisclosed income (loss) from continuing operations before income taxes(1,283)21,20110,64518,667
Income from continuing operations before income taxes:156,049108,432204,975102,931
Income tax expense(118,630)(94,777)(124,612)(83,853)
Income from continuing operations:37,41913,65580,36319,078
Income before gain (loss) on sale of properties:✕✕✕80,36319,078
Net income:37,41913,65580,36319,078
Net loss attributable to noncontrolling interest(1,152)(1,677)(4,927)(4,085)
Net income available to common stockholders, diluted:36,26711,97875,43614,993

Comprehensive Income ($ in thousands)
Annual | Quarterly

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income:37,41913,65580,36319,078
Comprehensive income:37,41913,65580,36319,078
Comprehensive loss, net of tax, attributable to noncontrolling interest(1,152)(1,677)(4,927)(4,085)
Comprehensive income, net of tax, attributable to parent:36,26711,97875,43614,993

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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