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
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 investments80,92290,55243,71126,88540,67227,537
Cash and cash equivalents80,92290,55243,71126,88540,67227,537
Restricted cash and investments5,568 10,0001,5001,5001,500
Receivables10,47012,18312,34110,33413,18911,535
Inventory, net of allowances, customer advances and progress billings44,21942,94448,05130,56733,97233,657
Inventory44,21942,94448,05130,56733,97233,657
Asset, held-for-sale, not part of disposal group7,088     
Other undisclosed current assets13,08611,38413,0324,1864,0404,536
Total current assets:161,353157,063127,13573,47293,37378,765
Noncurrent Assets
Operating lease, right-of-use asset29,74135,42338,76436,58537,71838,261
Property, plant and equipment23,77126,88928,07627,57128,22328,716
Intangible assets, net (including goodwill)219,374220,869224,60450,38851,93352,830
Goodwill55,28154,99354,99310,28410,28410,284
Intangible assets, net (excluding goodwill)164,093165,876169,61140,10441,64942,546
Deposits noncurrent assets4,7716,2745,2975,1614,4404,360
Restricted cash and investments5,96911,48411,52416,84616,87317,230
Deferred income tax assets7,4767,5057,7829,7359,4529,066
Total noncurrent assets:291,102308,444316,047146,286148,639150,463
TOTAL ASSETS:452,455465,507443,182219,758242,012229,228
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities82,12083,69092,78150,68152,83354,605
Accounts payable17,11116,30922,77410,59812,70812,645
Accrued liabilities65,00967,38170,00740,08340,12541,960
Debt19,44023,01518,0161,5041,5051,504
Business combination, contingent consideration, liability1,1403,15411,750 5,4375,648
Other undisclosed current liabilities4,707     
Total current liabilities:107,407109,859122,54752,18559,77561,757
Noncurrent Liabilities
Long-term debt and lease obligation38,80842,21550,96952,16853,48747,376
Long-term debt, excluding current maturities 12,06310,34216,18118,46918,79212,241
Liabilities, other than long-term debt77,942132,845125,41221,53321,76831,301
Deferred rent credit15,54315,71315,88216,04916,21416,378
Deferred income tax liabilities5,0915,2325,3915,4845,5545,317
Other liabilities8,2958,2218,313  9,606
Operating lease, liability26,74531,87334,78833,69934,69535,135
Business combination, contingent consideration, liability49,013103,67995,826   
Other undisclosed noncurrent liabilities5,69512,402 9,4919,467 
Total noncurrent liabilities:122,445187,462176,38183,19284,72278,677
Total liabilities:229,852297,321298,928135,377144,497140,434
Temporary equity, carrying amount   2,101   
Equity
Equity, attributable to parent, including:222,603168,186142,15384,38197,51588,794
Common stock13713599989887
Additional paid in capital340,937336,128236,732232,175231,201213,385
Accumulated other comprehensive income (loss)3,4782,7564,2011,134(141)(589)
Accumulated deficit(152,212)(169,583)(151,815)(147,776)(133,643)(124,089)
Other undisclosed equity, attributable to parent30,263(1,250)52,936(1,250)  
Total equity:222,603168,186142,15384,38197,51588,794
TOTAL LIABILITIES AND EQUITY:452,455465,507443,182219,758242,012229,228

Income Statement (P&L) ($ in thousands)

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
Revenues124,040125,51890,42262,71962,63763,693
Cost of revenue(40,241)(38,117)(30,030)(25,224)(24,559)(22,169)
Gross profit:83,79987,40160,39237,49538,07841,524
Operating expenses(93,424)(90,931)(62,957)(50,638)(46,843)(51,904)
Operating loss:(9,625)(3,530)(2,565)(13,143)(8,765)(10,380)
Nonoperating income (expense)30,776(9,965)750205348463
Investment income, nonoperating30,829(9,613)179(86)20 
Other nonoperating income (expense)(53)(352)571291328463
Interest and debt expense(3,040)(3,123)(2,343)(521)(600)(572)
Income (loss) from continuing operations before equity method investments, income taxes:18,111(16,618)(4,158)(13,459)(9,017)(10,489)
Other undisclosed income (loss) from continuing operations before income taxes  128(62)14(406)
Income (loss) from continuing operations before income taxes:18,111(16,618)(4,030)(13,521)(9,003)(10,895)
Income tax expense(740)(1,150)(9)(612)(551)(723)
Income (loss) from continuing operations:17,371(17,768)(4,039)(14,133)(9,554)(11,618)
Income (loss) before gain (loss) on sale of properties:17,371(17,768)(4,039)(14,133)(9,554)(11,618)
Net income (loss) available to common stockholders, basic:17,371(17,768)(4,039)(14,133)(9,554)(11,618)
Other undisclosed net loss available to common stockholders, diluted      
Net income (loss) available to common stockholders, diluted:17,371(17,768)(4,039)(14,133)(9,554)(11,618)

Comprehensive Income ($ in thousands)

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):17,371(17,768)(4,039)(14,133)(9,554)(11,618)
Other comprehensive income (loss)    1,275448(1,391)
Other undisclosed comprehensive loss   (332)   
Comprehensive income (loss):17,371(17,768)(4,371)(12,858)(9,106)(13,009)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent722(1,445)3,399   
Comprehensive income (loss), net of tax, attributable to parent: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.

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