NewAge, Inc. (NBEV) Financial Statements (2023 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)
Annual | Quarterly

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 43,71160,84242,517285529
Cash and cash equivalents 43,71160,84242,517285529
Restricted cash and investments 10,000    
Receivables 12,34111,0129,8377,4624,729
Inventory, net of allowances, customer advances and progress billings 48,05136,71837,1487,0424,421
Inventory 48,05136,71837,1487,0424,421
Deposits current assets    198 
Other current assets  122   
Other undisclosed current assets 13,0324,2626,4731,238327
Total current assets: 127,135112,95695,97516,22410,006
Noncurrent Assets
Operating lease, right-of-use asset 38,76438,458✕✕✕
Property, plant and equipment 28,07628,44357,2811,8957,286
Intangible assets, net (including goodwill) 224,60453,72799,34444,7869,434
Goodwill 54,99310,28431,51421,2304,895
Intangible assets, net (excluding goodwill) 169,61143,44367,83023,5564,539
Prepaid expense   6,935504 
Deposits noncurrent assets 5,297    
Restricted cash and investments 11,524 3,339  
Deferred income tax assets 7,7829,128✕✕✕
Other noncurrent assets   2,838  
Other undisclosed noncurrent assets  8,41821,2204,262 
Total noncurrent assets: 316,047138,174190,95751,44816,720
TOTAL ASSETS: 443,182251,130286,93267,67226,726
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 92,78162,7108,9604,3706,881
Accounts payable 22,77413,259   
Accrued liabilities 70,00749,45134,0192,277 
Employee-related liabilities   4,715  
Taxes payable   1,670  
Other undisclosed accounts payable and accrued liabilities   (31,444)2,0946,881
Debt 18,01611,2083,3693,6664,562
Derivative instruments and hedges, liabilities   470  
Business combination, contingent consideration, liability 11,7505,5088,718  
Other undisclosed current liabilities   33,5492,277 
Total current liabilities: 122,54779,42655,06610,31311,443
Noncurrent Liabilities
Long-term debt and lease obligation 50,96948,31515,0113,82110,375
Long-term debt, excluding current maturities 16,18112,8021,325 10,375
Capital lease obligations✕✕✕13,6863,821 
Operating lease, liability 34,78835,513✕✕✕
Liabilities, other than long-term debt 125,41231,11452,572 30
Deferred rent credit 15,88216,541 ✕✕
Deferred income tax liabilities 5,3915,441✕✕✕
Due to related parties     30
Other liabilities 8,3139,1329,160  
Business combination, contingent consideration, liability 95,826 43,412  
Other undisclosed noncurrent liabilities   9,747800 
Total noncurrent liabilities: 176,38179,42977,3304,62110,405
Total liabilities: 298,928158,855132,39614,93421,847
Temporary equity, carrying amount 2,101    
Stockholders' equity
Stockholders' equity attributable to parent, including: 142,15392,275154,53652,7384,879
Common stock 9982753522
Additional paid in capital 236,732203,862176,47163,20411,821
Accumulated other comprehensive income 4,201802626  
Accumulated deficit (151,815)(112,471)(22,636)(10,501)(6,965)
Other undisclosed stockholders' equity attributable to parent 52,936  01
Total stockholders' equity: 142,15392,275154,53652,7384,879
TOTAL LIABILITIES AND EQUITY: 443,182251,130286,93267,67226,726

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 279,471253,70852,16052,188 
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: 177,489152,7079,29512,400 
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 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)
Annual | Quarterly

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss): (39,344)(89,835)(12,135)52,380(388)
Other comprehensive income  176626  
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.

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