Reeds, Inc. (REED) financial statements (2020 and earlier)

Company profile

Business Address 201 MERRITT 7 CORPORATE PARK,
NORWALK, CT 06851
State of Incorp. DE
Fiscal Year End December 31
SIC 2086 - Bottled and Canned Soft Drinks and Carbonated Waters (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11120211
Cash and cash equivalents11120211
Receivables4332332
Inventory, net of allowances, customer advances and progress billings10767866
Inventory10767866
Prepaid expense  0001 
Other current assets 8     
Other undisclosed current assets0(7)00100
Total current assets:15112110131110
Noncurrent Assets
Property, plant and equipment1108554
Long-term investments and receivables  1    
Long-term investments  1    
Intangible assets, net (including goodwill)1111112
Intangible assets, net (excluding goodwill)1111112
Deferred costs     (0)0
Other undisclosed noncurrent assets002  0(1)
Total noncurrent assets:2249665
TOTAL ASSETS:17122419201715
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7786864
Accounts payable6676764
Accrued liabilities1100000
Debt7700000
Due to related parties  0    
Other undisclosed current liabilities  105535
Total current liabilities:141419121399
Noncurrent Liabilities
Long-term debt and lease obligation, including:5522333
Long-term debt, excluding current maturities5411122
Finance lease, liability1
Capital lease obligations100000
Other undisclosed long-term debt and lease obligation  11111
Liabilities, other than long-term debt  00   
Other liabilities  00   
Other undisclosed noncurrent liabilities003641(0)
Total noncurrent liabilities:5559643
Total liabilities:19192421191311
Stockholders' equity
Stockholders' equity attributable to parent, including:(2)(7)1(2)143
Preferred stock000000 
Common stock0000000
Common stock, share subscribed but unissued, subscriptions receivable  1    
Additional paid in capital70545030272625
Accumulated deficit(73)(60)(50)(32)(27)(23)(22)
Other undisclosed stockholders' equity attributable to parent      0
Total stockholders' equity:(2)(7)1(2)143
TOTAL LIABILITIES AND EQUITY:17122419201715

Income statement (P&L) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues36383842464337
Revenue, net3842464337
Cost of revenue
(Cost of Goods and Services Sold)
(26)(27)(31)(33)(34)(35)(26)
Other undisclosed gross profit     4 
Gross profit:101179121311
Operating expenses(23)(19)(19)(12)(14)(13)(12)
Operating income (loss):(13)(8)(12)(3)(3)0(1)
Interest and debt expense(2)(2)(3)(2)(1)(1)(1)
Loss from continuing operations before income taxes:(15)(10)(15)(5)(4)(1)(2)
Income tax expense     (0) 
Net loss:(15)(10)(15)(5)(4)(1)(2)
Other undisclosed net income (loss) attributable to parent0(0)(3)(0)   
Net loss attributable to parent:(15)(10)(18)(5)(4)(1)(2)
Preferred stock dividends and other adjustments(0)(0)(0)(0)(0)(0)(0)
Net loss available to common stockholders, basic:(15)(10)(18)(5)(4)(1)(2)
Interest on convertible debt  (0)    
Convertible preferred dividends 0     
Net loss available to common stockholders, diluted:(15)(10)(19)(5)(4)(1)(2)

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(15)(10)(15)(5)(4)(1)(2)
Comprehensive loss, net of tax, attributable to parent:(15)(10)(15)(5)(4)(1)(2)

Statements sources

The financial statements are based on the company's filings with the 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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