The Vita Coco Company, Inc. (COCO) Financial Statements (2024 and earlier)

Company Profile

Business Address 39 WEST 14TH STREET, SUITE 404
NEW YORK, NY 10011
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 208 - Beverages (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 investments19,62928,690
Cash and cash equivalents19,62928,690
Receivables47,22153,960
Inventory, net of allowances, customer advances and progress billings84,11575,360
Inventory84,11575,360
Prepaid expense 7,97311,326
Contract with customer, asset, after allowance for credit loss 10,3372,627
Derivative instruments and hedges, assets3,606126
Asset, held-for-sale, not part of disposal group 503 
Other undisclosed current assets1,5341,170
Total current assets:174,918173,259
Noncurrent Assets
Operating lease, right-of-use asset2,679 
Property, plant and equipment2,0762,473
Intangible assets, net (including goodwill)14,50515,725
Goodwill7,7917,791
Intangible assets, net (excluding goodwill) 6,7147,934
Deferred income tax assets4,2561,265
Other noncurrent assets1,6771,954
Other undisclosed noncurrent assets(2,354)2,808
Total noncurrent assets:22,83924,225
TOTAL ASSETS:197,757197,484
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities38,34270,737
Accounts payable 28,338
Accrued liabilities38,34242,399
Debt2328
Derivative instruments and hedges, liabilities713,197
Other undisclosed current liabilities 15,910 
Total current liabilities:54,34673,962
Noncurrent Liabilities
Long-term debt and lease obligation2548
Long-term debt, excluding current maturities2548
Liabilities, other than long-term debt2,293301
Other liabilities2,293301
Total noncurrent liabilities:2,318349
Total liabilities:56,66474,311
Equity
Equity, attributable to parent141,093123,173
Common stock622618
Treasury stock, value(58,928)(58,928)
Additional paid in capital145,210134,730
Accumulated other comprehensive loss(994)(616)
Retained earnings55,18347,369
Total equity:141,093123,173
TOTAL LIABILITIES AND EQUITY:197,757197,484

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

9/30/2023
TTM
12/31/2022
12/31/2021
Revenues427,787379,513
Cost of revenue
(Cost of Goods and Services Sold)
(324,426)(266,365)
Gross profit:103,361113,148
Operating expenses(100,306)(88,559)
Operating income:3,05524,589
Nonoperating income (expense)7,786(360)
Investment income, nonoperating51127
Gain (loss), foreign currency transaction, before tax1,387(2,088)
Interest and debt expense(258)(132)
Income from continuing operations before equity method investments, income taxes:10,58324,097
Other undisclosed income from continuing operations before income taxes258132
Income from continuing operations before income taxes:10,84124,229
Income tax expense(3,027)(5,237)
Income from continuing operations:7,81418,992
Income before gain (loss) on sale of properties:18,992
Net income:7,81418,992
Net income attributable to noncontrolling interest  23
Net income available to common stockholders, diluted:7,81419,015

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Net income:7,81418,992
Other undisclosed comprehensive income (loss)(378)320
Comprehensive income:7,43619,312
Comprehensive income, net of tax, attributable to noncontrolling interest  19
Other undisclosed comprehensive loss, net of tax, attributable to parent  
Comprehensive income, net of tax, attributable to parent:7,43619,331

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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