AppHarvest, Inc. (APPH) Financial Statements (2024 and earlier)

Company Profile

Business Address 500 APPALACHIAN WAY
MOREHEAD, KY 40351
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 01 - Agricultural Production Crops (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments54,334150,755312
Cash and cash equivalents54,334150,755312
Restricted cash and investments24,19825,556 
Receivables2,7861,575 
Inventory, net of allowances, customer advances and progress billings18,0784,998 
Inventory18,0784,998 
Other undisclosed current assets14,7165,61378
Total current assets:114,112188,497390
Noncurrent Assets
Operating lease, right-of-use asset2,6265,010 
Asset, held-in-trust   100,048
Other noncurrent assets22,41216,644 
Other undisclosed noncurrent assets456,178343,913 
Total noncurrent assets:481,216365,567100,048
TOTAL ASSETS:595,328554,064100,438
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:38,56724,3473,078
Accounts payable16,5718,553 
Accrued liabilities21,99615,794 
Other undisclosed accounts payable and accrued liabilities   3,078
Debt3,68528,020 
Restructuring reserve 188  
Other liabilities202119 
Other undisclosed current liabilities326751 
Total current liabilities:42,96853,2373,078
Noncurrent Liabilities
Long-term debt and lease obligation180,537107,575 
Long-term debt, excluding current maturities180,537102,637 
Liabilities, other than long-term debt7,6264,227 
Deferred income tax liabilities4,9252,418 
Other liabilities731,809 
Operating lease, liability2,6284,938 
Other undisclosed noncurrent liabilities103,9061,38516,900
Total noncurrent liabilities:292,069113,18716,900
Total liabilities:335,037166,42419,978
Temporary equity, carrying amount   126,500
Equity
Equity, attributable to parent260,291387,640(46,040)
Common stock1110 
Additional paid in capital615,452576,895 
Accumulated other comprehensive income (loss)8,788(1,951) 
Accumulated deficit(363,960)(187,314)(46,040)
Total equity:260,291387,640(46,040)
TOTAL LIABILITIES AND EQUITY:595,328554,064100,438

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

3/31/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Revenues14,5929,050 
Cost of revenue
(Cost of Goods and Services Sold)
(56,995)(41,938) 
Gross profit:(42,403)(32,888) 
Operating expenses(131,367)(167,146) 
Operating loss:(173,770)(200,034) 
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(480)448 
Interest and debt expense (658) 
Loss from continuing operations before equity method investments, income taxes:(174,250)(200,244) 
Other undisclosed income from continuing operations before income taxes11135,047 
Loss from continuing operations before income taxes:(174,139)(165,197) 
Income tax expense(2,507)(989) 
Loss from continuing operations:(176,646)(166,186) 
Loss before gain (loss) on sale of properties:(166,186)
Net loss available to common stockholders, diluted:(176,646)(166,186) 

Comprehensive Income ($ in thousands)

3/31/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Net loss:(176,646)(166,186) 
Other comprehensive loss(2,822)  
Comprehensive loss:(179,468)(166,186) 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent13,561(1,951) 
Comprehensive loss, net of tax, attributable to parent:(165,907)(168,137) 

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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