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 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 46,829 | 80,922 | 90,552 | 43,711 | 26,885 | 40,672 | 27,537 | ||
| Cash and cash equivalents | 46,829 | 80,922 | 90,552 | 43,711 | 26,885 | 40,672 | 27,537 | ||
| Restricted cash and investments | 12,000 | 5,568 | 10,000 | 1,500 | 1,500 | 1,500 | |||
| Receivables | 8,873 | 10,470 | 12,183 | 12,341 | 10,334 | 13,189 | 11,535 | ||
| Inventory, net of allowances, customer advances and progress billings | 48,876 | 44,219 | 42,944 | 48,051 | 30,567 | 33,972 | 33,657 | ||
| Inventory | 48,876 | 44,219 | 42,944 | 48,051 | 30,567 | 33,972 | 33,657 | ||
| Assets held-for-sale, not part of disposal group | 6,884 | 7,088 | |||||||
| Other undisclosed current assets | 15,123 | 13,086 | 11,384 | 13,032 | 4,186 | 4,040 | 4,536 | ||
| Total current assets: | 138,585 | 161,353 | 157,063 | 127,135 | 73,472 | 93,373 | 78,765 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 29,580 | 29,741 | 35,423 | 38,764 | 36,585 | 37,718 | 38,261 | ||
| Property, plant and equipment | 22,786 | 23,771 | 26,889 | 28,076 | 27,571 | 28,223 | 28,716 | ||
| Intangible assets, net (including goodwill) | 199,160 | 219,374 | 220,869 | 224,604 | 50,388 | 51,933 | 52,830 | ||
| Goodwill | 54,621 | 55,281 | 54,993 | 54,993 | 10,284 | 10,284 | 10,284 | ||
| Intangible assets, net (excluding goodwill) | 144,539 | 164,093 | 165,876 | 169,611 | 40,104 | 41,649 | 42,546 | ||
| Deposits noncurrent assets | 4,621 | 4,771 | 6,274 | 5,297 | 5,161 | 4,440 | 4,360 | ||
| Restricted cash and investments | 3,514 | 5,969 | 11,484 | 11,524 | 16,846 | 16,873 | 17,230 | ||
| Deferred income tax assets | 7,404 | 7,476 | 7,505 | 7,782 | 9,735 | 9,452 | 9,066 | ||
| Total noncurrent assets: | 267,065 | 291,102 | 308,444 | 316,047 | 146,286 | 148,639 | 150,463 | ||
| TOTAL ASSETS: | 405,650 | 452,455 | 465,507 | 443,182 | 219,758 | 242,012 | 229,228 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 74,530 | 82,120 | 83,690 | 92,781 | 50,681 | 52,833 | 54,605 | ||
| Accounts payable | 17,997 | 17,111 | 16,309 | 22,774 | 10,598 | 12,708 | 12,645 | ||
| Accrued liabilities | 56,533 | 65,009 | 67,381 | 70,007 | 40,083 | 40,125 | 41,960 | ||
| Debt | 17,636 | 19,440 | 23,015 | 18,016 | 1,504 | 1,505 | 1,504 | ||
| Business combination, contingent consideration, liability | 1,140 | 1,140 | 3,154 | 11,750 | 5,437 | 5,648 | |||
| Other undisclosed current liabilities | 4,503 | 4,707 | |||||||
| Total current liabilities: | 97,809 | 107,407 | 109,859 | 122,547 | 52,185 | 59,775 | 61,757 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 27,054 | 38,808 | 42,215 | 50,969 | 52,168 | 53,487 | 47,376 | ||
| Long-term debt, excluding current maturities | 12,063 | 10,342 | 16,181 | 18,469 | 18,792 | 12,241 | |||
| Operating lease, liability | 27,054 | 26,745 | 31,873 | 34,788 | 33,699 | 34,695 | 35,135 | ||
| Liabilities, other than long-term debt | 56,897 | 77,942 | 132,845 | 125,412 | 21,533 | 21,768 | 31,301 | ||
| Deferred rent credit | 15,372 | 15,543 | 15,713 | 15,882 | 16,049 | 16,214 | 16,378 | ||
| Deferred income tax liabilities | 5,019 | 5,091 | 5,232 | 5,391 | 5,484 | 5,554 | 5,317 | ||
| Other liabilities | 8,284 | 8,295 | 8,221 | 8,313 | 9,606 | ||||
| Business combination, contingent consideration, liability | 28,222 | 49,013 | 103,679 | 95,826 | |||||
| Other undisclosed noncurrent liabilities | 1,782 | 5,695 | 12,402 | 9,491 | 9,467 | ||||
| Total noncurrent liabilities: | 85,733 | 122,445 | 187,462 | 176,381 | 83,192 | 84,722 | 78,677 | ||
| Total liabilities: | 183,542 | 229,852 | 297,321 | 298,928 | 135,377 | 144,497 | 140,434 | ||
| Temporary equity, carrying amount | 2,101 | ||||||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 222,108 | 222,603 | 168,186 | 142,153 | 84,381 | 97,515 | 88,794 | ||
| Common stock | 147 | 137 | 135 | 99 | 98 | 98 | 87 | ||
| Additional paid in capital | 363,205 | 340,937 | 336,128 | 236,732 | 232,175 | 231,201 | 213,385 | ||
| Accumulated other comprehensive income (loss) | 4,204 | 3,478 | 2,756 | 4,201 | 1,134 | (141) | (589) | ||
| Accumulated deficit | (154,912) | (152,212) | (169,583) | (151,815) | (147,776) | (133,643) | (124,089) | ||
| Other undisclosed stockholders' equity attributable to parent | 9,464 | 30,263 | (1,250) | 52,936 | (1,250) | ||||
| Total stockholders' equity: | 222,108 | 222,603 | 168,186 | 142,153 | 84,381 | 97,515 | 88,794 | ||
| TOTAL LIABILITIES AND EQUITY: | 405,650 | 452,455 | 465,507 | 443,182 | 219,758 | 242,012 | 229,228 | ||
Income Statement (P&L) ($ in thousands) Annual | Quarterly
| 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 99,553 | 124,040 | 125,518 | 90,422 | 62,719 | 62,637 | 63,693 | |
| Cost of revenue | (33,567) | (40,241) | (38,117) | (30,030) | (25,224) | (24,559) | (22,169) | |
| Gross profit: | 65,986 | 83,799 | 87,401 | 60,392 | 37,495 | 38,078 | 41,524 | |
| Operating expenses | (96,421) | (93,424) | (90,931) | (62,957) | (50,638) | (46,843) | (51,904) | |
| Operating loss: | (30,435) | (9,625) | (3,530) | (2,565) | (13,143) | (8,765) | (10,380) | |
| Nonoperating income (expense) | 20,895 | 30,776 | (9,965) | 750 | 205 | 348 | 463 | |
| Investment income, nonoperating | 19,498 | 30,829 | (9,613) | 179 | (86) | 20 | ||
| Other nonoperating income (expense) | 1,397 | (53) | (352) | 571 | 291 | 328 | 463 | |
| Interest and debt expense | (2,526) | (3,040) | (3,123) | (2,343) | (521) | (600) | (572) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | (12,066) | 18,111 | (16,618) | (4,158) | (13,459) | (9,017) | (10,489) | |
| Other undisclosed income (loss) from continuing operations before income taxes | 9,751 | 128 | (62) | 14 | (406) | |||
| Income (loss) from continuing operations before income taxes: | (2,315) | 18,111 | (16,618) | (4,030) | (13,521) | (9,003) | (10,895) | |
| Income tax expense | (385) | (740) | (1,150) | (9) | (612) | (551) | (723) | |
| Net income (loss) available to common stockholders, basic: | (2,700) | 17,371 | (17,768) | (4,039) | (14,133) | (9,554) | (11,618) | |
| Other undisclosed net loss available to common stockholders, diluted | (15,584) | |||||||
| Net income (loss) available to common stockholders, diluted: | (18,284) | 17,371 | (17,768) | (4,039) | (14,133) | (9,554) | (11,618) | |
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (2,700) | 17,371 | (17,768) | (4,039) | (14,133) | (9,554) | (11,618) | |
| Other comprehensive income (loss) | 1,275 | 448 | (1,391) | |||||
| Other undisclosed comprehensive loss | (332) | |||||||
| Comprehensive income (loss): | (2,700) | 17,371 | (17,768) | (4,371) | (12,858) | (9,106) | (13,009) | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 726 | 722 | (1,445) | 3,399 | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (1,974) | 18,093 | (19,213) | (972) | (12,858) | (9,106) | (13,009) | |
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.