HF Foods Group Inc. (HFFG) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
6325 SOUTH RAINBOW BOULEVARD, SUITE 420 LAS VEGAS, NV 89118 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 514 - Groceries And Related Products (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 9/30/2023 Q2 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 14,946 | 17,477 | 24,289 | 17,806 | 18,818 | 16,426 | |||
| Cash and cash equivalents | 14,946 | 17,477 | 24,289 | 17,806 | 18,818 | 16,426 | |||
| Receivables | 43,724 | 44,399 | 44,704 | 43,578 | 44,238 | ||||
| Inventory, net of allowances, customer advances and progress billings | 111,066 | 110,469 | 120,291 | 132,524 | 130,198 | 114,759 | |||
| Inventory | 111,066 | 110,469 | 120,291 | 132,524 | 130,198 | 114,759 | |||
| Prepaid expense | |||||||||
| Derivative instruments and hedges, assets | 600 | 400 | 500 | ||||||
| Other current assets | 9,890 | 10,036 | 8,388 | ||||||
| Other undisclosed current assets | 58,075 | 7,299 | 8,437 | ||||||
| Total current assets: | 184,687 | 179,369 | 197,916 | 204,924 | 202,630 | 183,811 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 12,724 | ||||||||
| Operating lease, right-of-use asset | 12,336 | 13,278 | 14,164 | 15,917 | 13,999 | 12,410 | |||
| Long-term investments and receivables | 2,414 | 2,666 | 2,679 | 2,632 | 2,732 | 2,685 | |||
| Long-term investments | 2,414 | 2,666 | 2,679 | 2,632 | 2,732 | 2,685 | |||
| Intangible assets, net (including goodwill) | 304,551 | 310,052 | 315,552 | 321,054 | 326,555 | 307,312 | |||
| Goodwill | 85,118 | 85,118 | 85,118 | 85,118 | 85,118 | 80,257 | |||
| Intangible assets, net (excluding goodwill) | 219,433 | 224,934 | 230,434 | 235,936 | 241,437 | 227,055 | |||
| Other noncurrent assets | 4,860 | 3,944 | 3,231 | 2,623 | 2,524 | 1,761 | |||
| Other undisclosed noncurrent assets | 103,240 | 104,070 | 91,263 | 103,527 | 102,803 | 112,087 | |||
| Total noncurrent assets: | 427,401 | 434,010 | 439,613 | 445,753 | 448,613 | 436,255 | |||
| TOTAL ASSETS: | 612,088 | 613,379 | 637,529 | 650,677 | 651,243 | 620,066 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 19,763 | 74,250 | 75,163 | 64,977 | 69,554 | 72,578 | |||
| Accounts payable | 57,842 | 55,515 | 49,260 | 57,107 | 57,220 | ||||
| Accrued liabilities | 19,763 | 16,408 | 19,648 | 15,717 | 12,447 | 15,358 | |||
| Debt | 28,790 | 22,241 | 30,466 | 27,205 | 29,192 | 26,234 | |||
| Derivative instruments and hedges, liabilities | 2,600 | 600 | 300 | 100 | |||||
| Due to related parties | ✕ | ✕ | 753 | 1,529 | 1,498 | 2,101 | 1,632 | ||
| Other undisclosed current liabilities | 101,429 | 45,448 | 56,732 | 74,662 | 63,211 | 71,307 | |||
| Total current liabilities: | 149,982 | 145,292 | 163,890 | 168,942 | 164,358 | 171,851 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 123,998 | 125,623 | 126,884 | 128,177 | 130,124 | 92,049 | |||
| Long-term debt, excluding current maturities | 112,623 | 114,047 | 115,443 | 116,990 | 118,511 | 80,254 | |||
| Finance lease, liability | 11,375 | 11,576 | 11,441 | 11,187 | 11,613 | 11,795 | |||
| Liabilities, other than long-term debt | 47,508 | 50,950 | 45,034 | 48,149 | 47,382 | 51,333 | |||
| Deferred income tax liabilities | 33,119 | 33,119 | 34,443 | 36,064 | 36,780 | 37,300 | |||
| Due to related parties | ✕ | ✕ | ✕ | 4,500 | |||||
| Other liabilities | 5,337 | 8,038 | |||||||
| Operating lease, liability | 9,052 | 9,793 | 10,591 | 12,085 | 10,602 | 9,533 | |||
| Other undisclosed noncurrent liabilities | 5,472 | 5,549 | 5,625 | 5,697 | |||||
| Total noncurrent liabilities: | 171,506 | 176,573 | 177,390 | 181,875 | 183,131 | 149,079 | |||
| Total liabilities: | 321,488 | 321,865 | 341,280 | 350,817 | 347,489 | 320,930 | |||
| Equity | |||||||||
| Equity, attributable to parent | 286,738 | 286,942 | 291,813 | 295,273 | 299,137 | 294,352 | |||
| Common stock | 5 | 5 | 5 | 5 | 5 | 5 | |||
| Additional paid in capital | 600,030 | 599,384 | 598,322 | 597,738 | 597,738 | 597,517 | |||
| Accumulated deficit | (313,297) | (312,447) | (306,514) | (302,470) | (298,606) | (303,170) | |||
| Equity, attributable to noncontrolling interest | 3,862 | 4,572 | 4,436 | 4,587 | 4,617 | 4,784 | |||
| Total equity: | 290,600 | 291,514 | 296,249 | 299,860 | 303,754 | 299,136 | |||
| TOTAL LIABILITIES AND EQUITY: | 612,088 | 613,379 | 637,529 | 650,677 | 651,243 | 620,066 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2023 Q2 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 292,312 | 293,855 | 291,899 | 300,711 | 299,642 | 278,215 | ||
| Cost of revenue | (241,646) | (243,683) | (241,177) | (249,218) | (247,072) | (227,488) | ||
| Gross profit: | 50,666 | 50,172 | 50,722 | 51,493 | 52,570 | 50,727 | ||
| Operating expenses | (52,243) | (52,929) | (54,113) | (54,589) | (45,843) | (40,408) | ||
| Operating income (loss): | (1,577) | (2,757) | (3,391) | (3,096) | 6,727 | 10,319 | ||
| Nonoperating income (expense) | 226 | (5,266) | (1,874) | (1,470) | (1,136) | (6,075) | ||
| Other nonoperating income | 127 | 228 | 428 | 462 | 163 | 776 | ||
| Interest and debt expense | (2,847) | (2,868) | (2,356) | (2,274) | (1,549) | (1,278) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (4,198) | (10,891) | (7,621) | (6,840) | 4,042 | 2,966 | ||
| Other undisclosed income from continuing operations before income taxes | 2,847 | 2,868 | 2,356 | 2,274 | 1,549 | 1,278 | ||
| Income (loss) from continuing operations before income taxes: | (1,351) | (8,023) | (5,265) | (4,566) | 5,591 | 4,244 | ||
| Income tax expense (benefit) | (209) | 2,226 | 1,760 | 672 | (1,097) | (1,104) | ||
| Net income (loss): | (1,560) | (5,797) | (3,505) | (3,894) | 4,494 | 3,140 | ||
| Net income (loss) attributable to noncontrolling interest | 710 | (136) | 151 | 30 | 70 | (26) | ||
| Net income (loss) available to common stockholders, diluted: | (850) | (5,933) | (3,354) | (3,864) | 4,564 | 3,114 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2023 Q2 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (1,560) | (5,797) | (3,505) | (3,894) | 4,494 | 3,140 | ||
| Comprehensive income (loss): | (1,560) | (5,797) | (3,505) | (3,894) | 4,494 | 3,140 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 710 | (136) | 151 | 30 | 70 | (26) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (850) | (5,933) | (3,354) | (3,864) | 4,564 | 3,114 | ||
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.