Crimson Wine Group, Ltd (CWGL) financial statements (2022 and earlier)

Company profile

Business Address 5901 SILVERADO TRAIL
NAPA, CA 94558
State of Incorp. DE
Fiscal Year End December 31
SIC 208 - Beverages (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
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments45,22537,82122,99228,58929,74828,549
Cash and cash equivalents32,73229,31412,9869,3769,7924,795
Short-term investments12,4938,50710,00619,21319,95623,754
Receivables6,5727,90610,1317,2853,9815,061
Inventory, net of allowances, customer advances and progress billings52,54857,55469,46477,26775,45866,856
Inventory52,54857,55469,46477,26775,45866,856
Assets held-for-sale, not part of disposal group 5552,383638  
Other current assets1,4562,3491,9041,9551,3281,729
Total current assets:105,801106,185106,874115,734110,515102,195
Noncurrent Assets
Property, plant and equipment111,439113,683119,112126,230129,018123,261
Intangible assets, net (including goodwill)1,26210,50012,21213,12114,47616,041
Goodwill1,2621,2621,2621,2621,2621,262
Intangible assets, net (excluding goodwill) 9,23810,95011,85913,21414,779
Other undisclosed noncurrent assets8,322     
Total noncurrent assets:121,023124,183131,324139,351143,494139,302
TOTAL ASSETS:226,824230,368238,198255,085254,009241,497
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:13,1719,41910,36812,59510,32311,792
Accounts payable     5,863
Accrued liabilities1,9391,11710,36812,59510,3233,501
Employee-related liabilities     2,428
Interest and dividends payable26826    
Other undisclosed accounts payable and accrued liabilities10,9648,276    
Deferred revenue366270405
Debt1,1283,3881,1271,1251,125634
Customer advances and deposits375593367
Total current liabilities:14,66513,07711,90014,09512,04112,793
Noncurrent Liabilities
Long-term debt and lease obligation18,79921,20121,05422,18023,30514,648
Long-term debt, excluding current maturities18,79921,20121,05422,18023,30514,648
Liabilities, other than long-term debt7575703,3455,6314,9446,491
Deferred revenue and credits236395
Deferred tax liabilities, net5,6084,8816,396
Deferred income tax liabilities7484773,090
Other liabilities993255   
Total noncurrent liabilities:19,55621,77124,39927,81128,24921,139
Total liabilities:34,22134,84836,29941,90640,29033,932
Stockholders' equity
Stockholders' equity attributable to parent192,603195,520201,899213,179213,719207,565
Common stock225232232237240240
Additional paid in capital277,719277,550277,522277,520277,520277,520
Accumulated other comprehensive income (loss)21312(19)(23)5
Accumulated deficit(85,343)(82,275)(75,867)(64,559)(64,018)(70,200)
Total stockholders' equity:192,603195,520201,899213,179213,719207,565
TOTAL LIABILITIES AND EQUITY:226,824230,368238,198255,085254,009241,497

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues68,91864,10867,13567,76663,22264,621
Revenue, net63,22264,621
Cost of revenue
(Cost of Goods and Services Sold)
(38,865)(44,416)(42,026)(36,110)(31,257)(31,653)
Gross profit:30,05319,69225,10931,65631,96532,968
Operating expenses(29,809)(27,141) (27,019)(26,163)(26,487)
Other undisclosed operating loss (1,424)(32,220)(1,524)(204)(242)
Operating income (loss):244(8,873)(7,111)3,1135,5986,239
Nonoperating income (expense)3,207(622)(628)(382)(324)(342)
Other nonoperating income359472433797586498
Interest and debt expense3,863(1,094)(1,061)(1,179)(910)(840)
Income (loss) from continuing operations before equity method investments, income taxes:7,314(10,589)(8,800)1,5524,3645,057
Other undisclosed income (loss) from continuing operations before income taxes(3,863)1,0941,0611,179910840
Income (loss) from continuing operations before income taxes:3,451(9,495)(7,739)2,7315,2745,897
Income tax expense (benefit)(286)3,0872,073(753)908(2,619)
Income (loss) before gain (loss) on sale of properties:3,165(6,408)(5,666)1,9786,1823,278
Unusual or infrequent item, or both, net (gain) loss800     
Net income (loss):3,965(6,408)(5,666)1,9786,1823,278
Other undisclosed net loss attributable to parent(800)     
Net income (loss) available to common stockholders, diluted:3,165(6,408)(5,666)1,9786,1823,278

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):3,965(6,408)(5,666)1,9786,1823,278
Comprehensive income (loss):3,965(6,408)(5,666)1,9786,1823,278
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(811)1314(28)52
Comprehensive income (loss), net of tax, attributable to parent:3,154(6,407)(5,635)1,9826,1543,330

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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