NewAge, Inc. (NBEV) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2420 17TH STREET DENVER, CO 80202 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2082 - Malt Beverages (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2021 MRQ | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 43,711 | 60,842 | 42,517 | 285 | 529 | ||||
| Cash and cash equivalents | 43,711 | 60,842 | 42,517 | 285 | 529 | ||||
| Restricted cash and investments | 10,000 | ||||||||
| Receivables | 12,341 | 11,012 | 9,837 | 7,462 | 4,729 | ||||
| Inventory, net of allowances, customer advances and progress billings | 48,051 | 36,718 | 37,148 | 7,042 | 4,421 | ||||
| Inventory | 48,051 | 36,718 | 37,148 | 7,042 | 4,421 | ||||
| Deposits current assets | 198 | ||||||||
| Other current assets | 122 | ||||||||
| Other undisclosed current assets | 13,032 | 4,262 | 6,473 | 1,238 | 327 | ||||
| Total current assets: | 127,135 | 112,956 | 95,975 | 16,224 | 10,006 | ||||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 38,764 | 38,458 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 28,076 | 28,443 | 57,281 | 1,895 | 7,286 | ||||
| Intangible assets, net (including goodwill) | 224,604 | 53,727 | 99,344 | 44,786 | 9,434 | ||||
| Goodwill | 54,993 | 10,284 | 31,514 | 21,230 | 4,895 | ||||
| Intangible assets, net (excluding goodwill) | 169,611 | 43,443 | 67,830 | 23,556 | 4,539 | ||||
| Prepaid expense | 6,935 | 504 | |||||||
| Deposits noncurrent assets | 5,297 | ||||||||
| Restricted cash and investments | 11,524 | 3,339 | |||||||
| Deferred income tax assets | 7,782 | 9,128 | ✕ | ✕ | ✕ | ✕ | |||
| Other noncurrent assets | 2,838 | ||||||||
| Other undisclosed noncurrent assets | 8,418 | 21,220 | 4,262 | ||||||
| Total noncurrent assets: | 316,047 | 138,174 | 190,957 | 51,448 | 16,720 | ||||
| TOTAL ASSETS: | 443,182 | 251,130 | 286,932 | 67,672 | 26,726 | ||||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 92,781 | 62,710 | 8,960 | 4,370 | 6,881 | ||||
| Taxes payable | 1,670 | ||||||||
| Employee-related liabilities | 4,715 | ||||||||
| Accounts payable | 22,774 | 13,259 | |||||||
| Accrued liabilities | 70,007 | 49,451 | 34,019 | 2,277 | |||||
| Other undisclosed accounts payable and accrued liabilities | (31,444) | 2,094 | 6,881 | ||||||
| Debt | 18,016 | 11,208 | 3,369 | 3,666 | 4,562 | 140 | |||
| Derivative instruments and hedges, liabilities | 470 | ||||||||
| Business combination, contingent consideration, liability | 11,750 | 5,508 | 8,718 | ||||||
| Other undisclosed current liabilities | 33,549 | 2,277 | |||||||
| Total current liabilities: | 122,547 | 79,426 | 55,066 | 10,313 | 11,443 | 140 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 50,969 | 48,315 | 15,011 | 3,821 | 10,375 | ||||
| Long-term debt, excluding current maturities | 16,181 | 12,802 | 1,325 | 10,375 | |||||
| Capital lease obligations | ✕ | ✕ | ✕ | 13,686 | 3,821 | ||||
| Liabilities, other than long-term debt | 125,412 | 31,114 | 52,572 | 30 | |||||
| Deferred rent credit | 15,882 | 16,541 | ✕ | ✕ | ✕ | ||||
| Deferred income tax liabilities | 5,391 | 5,441 | ✕ | ✕ | ✕ | ✕ | |||
| Due to related parties | 30 | ||||||||
| Other liabilities | 8,313 | 9,132 | 9,160 | ||||||
| Operating lease, liability | 34,788 | 35,513 | ✕ | ✕ | ✕ | ✕ | |||
| Business combination, contingent consideration, liability | 95,826 | 43,412 | |||||||
| Other undisclosed noncurrent liabilities | 9,747 | 800 | |||||||
| Total noncurrent liabilities: | 176,381 | 79,429 | 77,330 | 4,621 | 10,405 | ||||
| Total liabilities: | 298,928 | 158,855 | 132,396 | 14,934 | 21,847 | 140 | |||
| Temporary equity, carrying amount | 2,101 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 142,153 | 92,275 | 154,536 | 52,738 | 4,879 | ||||
| Common stock | 99 | 82 | 75 | 35 | 22 | ||||
| Additional paid in capital | 236,732 | 203,862 | 176,471 | 63,204 | 11,821 | ||||
| Accumulated other comprehensive income | 4,201 | 802 | 626 | ||||||
| Accumulated deficit | (151,815) | (112,471) | (22,636) | (10,501) | (6,965) | ||||
| Other undisclosed equity, attributable to parent | 52,936 | 0 | 1 | ||||||
| Other undisclosed equity | 495 | ||||||||
| Total equity: | 142,153 | 92,275 | 154,536 | 52,738 | 4,879 | 495 | |||
| TOTAL LIABILITIES AND EQUITY: | 443,182 | 251,130 | 286,932 | 67,672 | 26,726 | 635 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 279,471 | 253,708 | 52,160 | 52,188 | ||||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 52,188 | |||
| Cost of revenue | (101,982) | (101,001) | (42,865) | (39,788) | ||||
| Cost of goods and services sold | (2,200) | (39,788) | ||||||
| Other undisclosed gross profit | 0 | |||||||
| Gross profit: | 177,489 | 152,707 | 9,295 | 12,400 | ||||
| Operating expenses | (212,342) | (232,706) | (28,668) | (18,449) | (388) | |||
| Operating loss: | (34,853) | (79,999) | (19,373) | (6,049) | (388) | |||
| Nonoperating income (expense) | 1,440 | (227) | (151) | 2,513 | ||||
| Other nonoperating income (expense) | 1,653 | (227) | (151) | 2,513 | ||||
| Interest and debt expense | (4,036) | (3,677) | (1,068) | (228) | ||||
| Loss from continuing operations before equity method investments, income taxes: | (37,449) | (83,903) | (20,592) | (3,764) | (388) | |||
| Other undisclosed income (loss) from continuing operations before income taxes | 6,736 | (470) | ||||||
| Loss from continuing operations before income taxes: | (37,449) | (77,167) | (21,062) | (3,764) | (388) | |||
| Income tax expense (benefit) | (1,895) | (12,668) | 8,927 | |||||
| Loss from continuing operations: | (39,344) | (89,835) | (12,135) | (3,764) | (388) | |||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (39,344) | (89,835) | (12,135) | 52,380 | (388) | ||
| Income from discontinued operations | 56,144 | |||||||
| Net income (loss): | (39,344) | (89,835) | (12,135) | 52,380 | (388) | |||
| Other undisclosed net income (loss) attributable to parent | (55,916) | 4,021 | ||||||
| Net income (loss) available to common stockholders, diluted: | (39,344) | (89,835) | (12,135) | (3,536) | 3,633 | |||
Comprehensive Income ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (39,344) | (89,835) | (12,135) | 52,380 | (388) | |||
| Other comprehensive income | 176 | 626 | ||||||
| Comprehensive income (loss): | (39,344) | (89,659) | (11,509) | 52,380 | (388) | |||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 3,399 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (35,945) | (89,659) | (11,509) | 52,380 | (388) | |||
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.