CleanSpark, Inc. (CLSK) financial statements (2022 and earlier)

Company profile

Business Address 2370 CORPORATE CIRCLE
HENDERSON, NV 89074
State of Incorp. NV
Fiscal Year End September 30
SIC 7373 - Computer Integrated Systems Design (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,46218,3013,5867,83941357437
Cash and cash equivalents5,21218,0403,1267,83941357437
Short-term investments250261460    
Receivables4,6222,620 6745882
Inventory, net of allowances, customer advances and progress billings1,4322,673     
Inventory1,4322,673     
Intangible current assets   7,4303,2142,2172,468
Other current assets30,20323,603     
Other undisclosed current assets16,96310,5294,666(5,452)(3,536)(2,153)(2,302)
Total current assets:58,68357,7268,2529,884548129604
Noncurrent Assets
Operating lease, right-of-use asset1,4211,48841 
Property, plant and equipment198,490137,59311814587125783
Intangible assets, net (including goodwill)30,04631,32712,9594,9944,9925,0095,002
Goodwill19,04919,0495,9044,9204,9204,9204,920
Intangible assets, net (excluding goodwill)10,99612,2777,05674728983
Other undisclosed noncurrent assets129,50589,3399708,41111,92915,52926,630
Total noncurrent assets:359,462259,74714,08813,55017,00720,66432,415
TOTAL ASSETS:418,145317,47322,34023,43417,55620,79333,020
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:20,2387,9754,527849132143291
Accounts payable  2    
Interest and dividends payable315      
Other undisclosed accounts payable and accrued liabilities19,9237,9754,525849132143291
Debt367414531150150  
Due to related parties   873837364
Other undisclosed current liabilities1,8781,674324417685852
Total current liabilities:22,48210,0635,3831,5031,350301357
Noncurrent Liabilities
Long-term debt and lease obligation1,5871,694531150150  
Long-term debt, excluding current maturities  531150150  
Finance lease, liability420458  
Operating lease, liability1,1681,235  
Liabilities, other than long-term debt (175)     
Accounts payable and accrued liabilities (175)     
Other undisclosed noncurrent liabilities(1,168)175 2,896 150 
Total noncurrent liabilities:1,5871,6945313,046150150 
Total liabilities:24,06911,7575,9144,5491,500451357
Stockholders' equity
Stockholders' equity attributable to parent, including:394,075305,71616,42618,88516,05620,34232,662
Preferred stock2221111
Common stock413717536 28
Additional paid in capital518,240444,075132,810111,93682,95840,24039,068
Accumulated other comprehensive income (loss)13(5)     
Accumulated deficit(124,221)(138,392)(116,403)(93,056)(66,940)(19,933)(6,435)
Receivable from shareholders or affiliates for issuance of capital stock      (53)
Other undisclosed stockholders' equity attributable to parent     3353
Total stockholders' equity:394,075305,71616,42618,88516,05620,34232,662
TOTAL LIABILITIES AND EQUITY:418,145317,47322,34023,43417,55620,79333,020

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Revenues88,42349,43810,0294,53357944882
Revenues, excluding interest and dividends   780   
Cost of revenue(21,421)(13,965)(7,908)(3,861)(391)(296)(31)
Cost of goods and services sold  (7,558)(3,232)   
Gross profit:67,00135,4732,12167218815251
Operating expenses(32,225)(24,698)(17,264)(17,286)(7,264)(4,966)(2,592)
Other operating expense, net
(Other Expenses)
  (8,203)    
Other undisclosed operating loss(52,748)(39,352)     
Operating loss:(17,972)(28,577)(23,346)(16,614)(7,076)(4,814)(2,541)
Nonoperating expense
(Investment Income, Nonoperating)
    (38,965)  
Interest and debt expense(53)(154) (9,503)(679)(120)(0)
Other undisclosed loss from continuing operations before equity method investments, income taxes(154)      
Loss from continuing operations before income taxes:(18,179)(28,731)(23,346)(26,117)(46,720)(4,934)(2,541)
Income tax benefit     13,4401,052
Income (loss) before gain (loss) on sale of properties:(18,179)(28,731)(23,346)(26,117)(46,720)8,505(1,489)
Other undisclosed net income16,5436,736     
Net income (loss):(1,636)(21,995)(23,346)(26,117)(46,720)8,505(1,489)
Net income attributable to noncontrolling interest9,455      
Other undisclosed net income (loss) attributable to parent(7,978)183  (286)(22,004)(1,052)
Net loss available to common stockholders, diluted:(159)(21,812)(23,346)(26,117)(47,006)(13,499)(2,541)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net income (loss):(1,636)(21,995)(23,346)(26,117)(46,720)8,505(1,489)
Other comprehensive income (loss)18(5)20    
Other undisclosed comprehensive loss(5)      
Comprehensive income (loss):(1,623)(22,000)(23,326)(26,117)(46,720)8,505(1,489)
Comprehensive income, net of tax, attributable to noncontrolling interest9,455      
Other undisclosed comprehensive loss, net of tax, attributable to parent(16,622)      
Comprehensive income (loss), net of tax, attributable to parent:(8,790)(22,000)(23,326)(26,117)(46,720)8,505(1,489)

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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