Solo Brands, Inc. (DTC) financial statements (2022 and earlier)

Company profile

Business Address 1070 S. KIMBALL AVENUE
SOUTHLAKE, TX 76092
State of Incorp. DE
Fiscal Year End December 31
SIC 3949 - Sporting and Athletic Goods, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments25,101
Cash and cash equivalents25,101
Receivables21,513
Inventory, net of allowances, customer advances and progress billings102,335
Inventory102,335
Other undisclosed current assets9,889
Total current assets:158,838
Noncurrent Assets
Property, plant and equipment10,603
Intangible assets, net (including goodwill)667,793
Goodwill410,559
Intangible assets, net (excluding goodwill)257,234
Other noncurrent assets506
Total noncurrent assets:678,902
TOTAL ASSETS:837,740
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities23,822
Accounts payable11,774
Employee-related liabilities6,972
Taxes payable4,631
Interest and dividends payable445
Deferred revenue3,524
Debt3,125
Other undisclosed current liabilities16,102
Total current liabilities:46,573
Noncurrent Liabilities
Long-term debt and lease obligation125,023
Long-term debt, excluding current maturities125,023
Liabilities, other than long-term debt91,973
Deferred income tax liabilities91,244
Other liabilities729
Total noncurrent liabilities:216,996
Total liabilities:263,569
Stockholders' equity
Stockholders' equity attributable to parent, including:360,879
Additional paid in capital350,088
Accumulated other comprehensive income6
Retained earnings10,691
Other undisclosed stockholders' equity attributable to parent94
Stockholders' equity attributable to noncontrolling interest213,292
Total stockholders' equity:574,171
TOTAL LIABILITIES AND EQUITY:837,740

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

12/31/2021
Revenues403,717
Cost of revenue
(Cost of Goods and Services Sold)
(144,809)
Gross profit:258,908
Operating expenses(190,045)
Operating income:68,863
Nonoperating expense(10,343)
Interest and debt expense(10,200)
Income from continuing operations before equity method investments, income taxes:48,320
Other undisclosed income from continuing operations before income taxes10,200
Income from continuing operations before income taxes:58,520
Income tax expense(2,025)
Net income:56,495
Net loss attributable to noncontrolling interest(7,841)
Other undisclosed net loss attributable to parent(37,963)
Net income available to common stockholders, diluted:10,691

Comprehensive Income ($ in thousands)

12/31/2021
Net income:56,495
Comprehensive income:56,495
Comprehensive loss, net of tax, attributable to noncontrolling interest(7,841)
Comprehensive income, net of tax, attributable to parent:48,654

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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