Acreage Holdings, Inc. (ACRHF) financial statements (2022 and earlier)

Company profile

Business Address 450 LEXINGTON AVENUE, #3308
NEW YORK, NY 10163
State of Incorp. BC
Fiscal Year End December 31
SIC 59 - Miscellaneous Retail (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments43,18032,542 
Cash and cash equivalents43,18032,542 
Restricted cash and investments1,09822,097 
Receivables15,3062,032 
Inventory, net of allowances, customer advances and progress billings41,80423,715 
Inventory41,80423,715 
Disposal group, including discontinued operation8,95262,971 
Other current assets2,6394,663 
Total current assets:112,979148,020 
Noncurrent Assets
Finance lease, right-of-use asset4,5224,776 
Operating lease, right-of-use asset24,59817,247 
Long-term investments and receivables62,789132,027 
Long-term investments35,22634,126 
Accounts and financing receivable, after allowance for credit loss27,56397,901 
Intangible assets, net (including goodwill)163,005170,905 
Goodwill43,31031,922 
Intangible assets, net (excluding goodwill)119,695138,983 
Other noncurrent assets1,3834,718 
Other undisclosed noncurrent assets122,27584,360 
Total noncurrent assets:378,572414,033 
TOTAL ASSETS:491,551562,053 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:23,86118,913 
Taxes payable24,57214,780 
Interest and dividends payable1,4323,504 
Other undisclosed accounts payable and accrued liabilities(2,143)629 
Debt1,58327,139 
Disposal group, including discontinued operation1,86718,154 
Liabilities of business transferred under contractual arrangement 917 
Other liabilities10,33313,010 
Other undisclosed current liabilities29,14919,609 
Total current liabilities:66,79397,742 
Noncurrent Liabilities
Long-term debt and lease obligation193,40621,783 
Long-term debt, excluding current maturities169,151  
Finance lease, liability 5,174 
Operating lease, liability24,25516,609 
Liabilities, other than long-term debt27,08234,675 
Deferred income tax liabilities27,08234,673 
Other liabilities 2 
Other undisclosed noncurrent liabilities 148,144 
Total noncurrent liabilities:220,488204,602 
Total liabilities:287,281302,344 
Stockholders' equity
Stockholders' equity attributable to parent197,267241,031 
Treasury stock, value(21,054)(21,054) 
Additional paid in capital756,536737,290 
Accumulated deficit(538,215)(475,205) 
Stockholders' equity attributable to noncontrolling interest7,00318,678 
Total stockholders' equity:204,270259,709 
TOTAL LIABILITIES AND EQUITY:491,551562,053 

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

12/31/2021
12/31/2020
12/31/2019
Revenues188,859114,545 
Cost of revenue
(Cost of Goods and Services Sold)
(92,977)(65,387) 
Gross profit:95,88249,158 
Operating expenses(142,953)(413,969) 
Operating loss:(47,071)(364,811) 
Nonoperating expense(8,281)(12,547) 
Other nonoperating income (expense)10,408(3,487) 
Interest and debt expense(19,964)(15,853) 
Loss from continuing operations before equity method investments, income taxes:(75,316)(393,211) 
Other undisclosed income from continuing operations before income taxes19,96415,853 
Loss from continuing operations before income taxes:(55,352)(377,358) 
Income tax expense (benefit)(17,805)17,240 
Net loss:(73,157)(360,118) 
Net income attributable to noncontrolling interest10,14773,530 
Net loss available to common stockholders, diluted:(63,010)(286,588) 

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
Net loss:(73,157)(360,118) 
Comprehensive loss:(73,157)(360,118) 
Comprehensive income, net of tax, attributable to noncontrolling interest10,14773,530 
Comprehensive loss, net of tax, attributable to parent:(63,010)(286,588) 

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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