Centric Brands Inc. (CTRC) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
350 5TH AVENUE NEW YORK, NY 10118 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2018 | 12/31/2017 | 12/31/2016 | 11/30/2015 | 11/30/2014 | 11/30/2013 | 11/30/2012 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 8,250 | 6,476 | 1,937 | 1,054 | 785 | 13,426 | |||
| Cash and cash equivalents | 8,250 | 6,476 | 1,937 | 1,054 | 785 | 13,426 | |||
| Receivables | 4,804 | 3,118 | 526 | 2,588 | 4,621 | 812 | |||
| Inventory, net of allowances, customer advances and progress billings | 31,733 | 23,977 | 12,919 | 61,319 | 52,670 | 31,318 | |||
| Inventory | 31,733 | 23,977 | 12,919 | 61,319 | 52,670 | 31,318 | |||
| Prepaid expense | 400 | 200 | ✕ | ||||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 641 | ||
| Deferred tax assets | 1,322 | 6,065 | 3,114 | ||||||
| Other undisclosed current assets | 21,874 | 21,156 | 8,304 | 32,093 | 33,612 | 3,051 | |||
| Total current assets: | 67,061 | 54,927 | 25,008 | 103,119 | 94,802 | 49,248 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 8,417 | 10,620 | 381 | 5,040 | 7,393 | 6,683 | |||
| Intangible assets, net (including goodwill) | 97,712 | 100,157 | 50,431 | 93,003 | 116,922 | 27,836 | |||
| Goodwill | 8,380 | 8,271 | 8,394 | 12,230 | 33,812 | 3,836 | |||
| Intangible assets, net (excluding goodwill) | 89,332 | 91,886 | 42,037 | 80,773 | 83,110 | 24,000 | |||
| Deferred costs | 1,611 | 2,031 | |||||||
| Other noncurrent assets | 484 | 467 | 438 | 1,176 | 1,875 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,592 | ||
| Deferred tax assets, net | (11,131) | (17,765) | (16,202) | 665 | |||||
| Other undisclosed noncurrent assets | 11,131 | 17,765 | 16,202 | ||||||
| Total noncurrent assets: | 106,613 | 111,244 | 51,250 | 100,830 | 128,221 | 36,776 | |||
| TOTAL ASSETS: | 173,674 | 166,171 | 76,258 | 203,949 | 223,023 | 86,024 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 22,204 | 18,223 | 18,913 | 23,331 | 26,436 | 10,893 | |||
| Interest and dividends payable | 1,768 | ||||||||
| Employee-related liabilities | 2,236 | 2,063 | |||||||
| Accounts payable | 7,384 | 7,398 | |||||||
| Accrued liabilities | |||||||||
| Other undisclosed accounts payable and accrued liabilities | 10,816 | 8,762 | 18,913 | 23,331 | 26,436 | 10,893 | |||
| Debt | 2,813 | 14,387 | 4,235 | 90,341 | 18,908 | ||||
| Due to related parties | 195 | ||||||||
| Customer advances and deposits | ✕ | 13,694 | 1,707 | ✕ | ✕ | ||||
| Other undisclosed current liabilities | 1,668 | 3,277 | 3,072 | 1,402 | |||||
| Total current liabilities: | 38,711 | 34,317 | 24,816 | 116,949 | 48,416 | 12,490 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 44,896 | 47,218 | 27,469 | 24,733 | 58,840 | ||||
| Long-term debt, excluding current maturities | 44,896 | 47,218 | 27,469 | 24,733 | 58,840 | ||||
| Liabilities, other than long-term debt | 10,204 | 14,710 | 12,950 | 21,270 | 18,856 | 11,824 | |||
| Deferred revenue and credits | ✕ | 3,554 | 3,636 | 1,738 | 2,862 | 2,404 | 1,795 | ||
| Deferred tax liabilities, net | 6,650 | 11,074 | 11,131 | 17,765 | 16,202 | 10,029 | |||
| Other liabilities | 81 | 643 | 250 | ||||||
| Other undisclosed noncurrent liabilities | 35,120 | 25,402 | 31,142 | (10,029) | |||||
| Total noncurrent liabilities: | 90,220 | 87,330 | 40,419 | 46,003 | 108,838 | 1,795 | |||
| Total liabilities: | 128,931 | 121,647 | 65,235 | 162,952 | 157,254 | 14,285 | |||
| Equity | |||||||||
| Equity, attributable to parent | 44,743 | 44,524 | 11,023 | 40,997 | 65,769 | 71,739 | |||
| Preferred stock | 5 | 5 | |||||||
| Common stock | 1,349 | 1,324 | 7,094 | 6,984 | 6,890 | 6,732 | |||
| Treasury stock, value | (3,435) | (3,318) | (3,091) | (3,091) | |||||
| Additional paid in capital | 61,314 | 59,154 | 113,371 | 111,010 | 107,933 | 106,747 | |||
| Accumulated other comprehensive income (loss) | 271 | (221) | |||||||
| Accumulated deficit | (18,196) | (15,738) | (106,007) | (73,679) | (45,963) | (38,649) | |||
| Total equity: | 44,743 | 44,524 | 11,023 | 40,997 | 65,769 | 71,739 | |||
| TOTAL LIABILITIES AND EQUITY: | 173,674 | 166,171 | 76,258 | 203,949 | 223,023 | 86,024 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2018 | 12/31/2017 | 12/31/2016 | 11/30/2015 | 11/30/2014 | 11/30/2013 | 11/30/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 164,053 | 149,267 | 80,199 | 188,755 | 140,183 | 118,642 | ||
| Revenue, net | ✕ | 164,053 | 149,267 | 80,199 | 188,755 | 140,183 | 118,642 | |
| Cost of revenue (Cost of Goods and Services Sold) | (92,303) | (69,775) | (47,920) | (104,109) | (77,844) | (62,472) | ||
| Gross profit: | 71,750 | 79,492 | 32,279 | 84,646 | 62,339 | 56,170 | ||
| Operating expenses | (70,674) | (89,645) | (65,568) | (105,433) | (65,399) | (45,453) | ||
| Operating income (loss): | 1,076 | (10,153) | (33,289) | (20,787) | (3,060) | 10,717 | ||
| Nonoperating expense | (8,865) | (7,573) | ||||||
| Interest and debt expense | (8,844) | (7,531) | (6,621) | (13,827) | (2,562) | (376) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 8,844 | 7,531 | 2,268 | (209) | ||||
| Income (loss) from continuing operations before income taxes: | (7,789) | (17,726) | (39,910) | (32,346) | (5,831) | 10,341 | ||
| Income tax expense (benefit) | 5,331 | 1,200 | 2,554 | 4,630 | (1,483) | (4,776) | ||
| Income (loss) from continuing operations: | (2,458) | (16,526) | (37,356) | (27,716) | (7,314) | 5,565 | ||
| Income (loss) before gain (loss) on sale of properties: | (2,458) | (17,812) | (32,328) | (27,716) | (7,314) | 5,565 | ||
| Income (loss) from discontinued operations | (1,286) | 5,028 | ||||||
| Net income (loss) attributable to parent: | (2,458) | (17,812) | (32,328) | (27,716) | (7,314) | 5,565 | ||
| Preferred stock dividends and other adjustments | (5,480) | (4,694) | ||||||
| Net income (loss) available to common stockholders, diluted: | (7,938) | (22,506) | (32,328) | (27,716) | (7,314) | 5,565 | ||
Comprehensive Income ($ in thousands)
| 12/31/2018 | 12/31/2017 | 12/31/2016 | 11/30/2015 | 11/30/2014 | 11/30/2013 | 11/30/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (2,458) | (17,812) | (32,328) | (27,716) | (7,314) | 5,565 | ||
| Comprehensive income (loss): | (2,458) | (17,812) | (32,328) | (27,716) | (7,314) | 5,565 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 492 | (221) | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (1,966) | (18,033) | (32,328) | (27,716) | (7,314) | 5,565 | ||
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.