Trulieve Cannabis Corp. (TCNNF) Financial Statements (2024 and earlier)

Company Profile

Business Address 6749 BEN BOSTIC ROAD
QUINCY, FL 32351
State of Incorp. BC
Fiscal Year End December 31
Industry (SIC) 2833 - Medicinal Chemicals and Botanical Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments212,266230,646
Cash and cash equivalents212,266230,646
Receivables10,17110,384
Inventory, net of allowances, customer advances and progress billings297,815212,188
Inventory297,815212,188
Prepaid expense 19,66517,644
Asset, held-in-trust 14,5218,719
Disposal group, including discontinued operation2,466 
Other current assets 3,76512,195
Other undisclosed current assets32,28332,644
Total current assets:592,952524,420
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization76,23166,764
Operating lease, right-of-use asset101,379125,973
Property, plant and equipment796,947779,916
Long-term investments and receivables11,99212,147
Accounts and financing receivable, after allowance for credit loss11,99212,147
Intangible assets, net (including goodwill)1,804,1411,883,340
Goodwill791,495765,358
Intangible assets, net (excluding goodwill)1,012,6461,117,982
Disposal group, including discontinued operation, noncurrent assets690 
Other noncurrent assets14,71618,312
Total noncurrent assets:2,806,0962,886,452
TOTAL ASSETS:3,399,0483,410,872
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:83,21294,073
Interest and dividends payable6,787
Taxes payable27,610
Employee-related liabilities24,728
Accounts payable 16,40614,781
Accrued liabilities 19,5477,610
Other undisclosed accounts payable and accrued liabilities47,25912,557
Deferred revenue9,5027,168
Debt21,18016,237
Asset retirement obligation 100 
Disposal group, including discontinued operation482 
Business combination, contingent consideration, liability 34,66613,017
Other undisclosed current liabilities60,56138,441
Total current liabilities:209,703168,936
Noncurrent Liabilities
Long-term debt and lease obligation170,085193,830
Long-term debt, excluding current maturities94,2476,456
Finance lease, liability75,83865,244
Liabilities, other than long-term debt368,179260,511
Asset retirement obligations 900800
Deferred income tax liabilities224,137251,311
Disposal group, including discontinued operation, liabilities14,571 
Other liabilities26,1838,400
Operating lease, liability102,388122,130
Other undisclosed noncurrent liabilities723,377640,222
Total noncurrent liabilities:1,261,6411,094,563
Total liabilities:1,471,3441,263,499
Equity
Equity, attributable to parent1,931,1602,145,821
Additional paid in capital2,045,0032,008,100
Retained earnings (accumulated deficit)(113,843)137,721
Equity, attributable to noncontrolling interest(3,456)1,552
Total equity:1,927,7042,147,373
TOTAL LIABILITIES AND EQUITY:3,399,0483,410,872

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

9/30/2023
TTM
12/31/2022
12/31/2021
Revenues1,239,812938,385
Cost of revenue
(Cost of Goods and Services Sold)
(557,820)(372,255)
Gross profit:681,992566,130
Operating expenses(649,585)(369,184)
Operating income (loss):32,407196,946
Nonoperating expense(75,752)(33,440)
Other nonoperating income1,3761,139
Interest and debt expense(79,771)(34,787)
Income (loss) from continuing operations before equity method investments, income taxes:(123,116)128,719
Other undisclosed income from continuing operations before income taxes79,77134,787
Income (loss) from continuing operations before income taxes:(43,345)163,506
Income tax expense(161,820)(146,061)
Income (loss) from continuing operations:(205,165)17,445
Income before gain (loss) on sale of properties:17,445
Loss from discontinued operations(47,562) 
Net income (loss):(252,727)17,445
Net income attributable to noncontrolling interest6,663587
Other undisclosed net loss attributable to parent(6,663)(587)
Net income (loss) attributable to parent:(252,727)17,445
Other undisclosed net income available to common stockholders, basic6,663587
Net income (loss) available to common stockholders, diluted:(246,064)18,032

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Net income (loss):(252,727)17,445
Comprehensive income (loss):(252,727)17,445
Comprehensive income, net of tax, attributable to noncontrolling interest6,663587
Comprehensive income (loss), net of tax, attributable to parent:(246,064)18,032

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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