Enviva Inc. (EVA) Financial Statements (2024 and earlier)

Company Profile

Business Address 7272 WISCONSIN AVE.
BETHESDA, MD 20814
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 24 - Lumber And Wood Products, Except Furniture (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
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,41716,80110,0049,0532,460524
Cash and cash equivalents3,41716,80110,0049,0532,460524
Receivables169,84797,439124,21272,69661,32684,597
Inventory, net of allowances, customer advances and progress billings158,88457,71742,36432,99831,49023,536
Inventory158,88457,71742,36432,99831,49023,536
Other undisclosed current assets38,19126,77318,8715,3422,2351,006
Total current assets:370,339198,730195,451120,08997,511109,663
Noncurrent Assets
Operating lease, right-of-use asset102,623108,84651,43432,830
Property, plant and equipment1,584,8751,498,1971,071,819751,780557,028562,330
Intangible assets, net (including goodwill)103,928103,92899,66085,61585,61585,724
Goodwill103,928103,92899,66085,61585,61585,615
Intangible assets, net (excluding goodwill)      109
Restricted cash and investments247,660     
Other noncurrent assets23,51914,44611,2484,5048,6162,394
Other undisclosed noncurrent assets118,496     
Total noncurrent assets:2,181,1011,725,4171,234,161874,729651,259650,448
TOTAL ASSETS:2,551,4401,924,1471,429,612994,818748,770760,111
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities183,953217,901148,82681,47862,38541,946
Interest and dividends payable25,06024,6423,4275,4345,029
Accounts payable37,45629,53515,20818,98515,5517,554
Accrued liabilities146,497163,306108,97659,06641,40029,363
Deferred revenue32,840   
Debt20,99339,10513,3286,5902,7226,186
Due to related parties   30428,22526,398
Other undisclosed current liabilities219,897  40,00074,000 
Total current liabilities:457,683257,006162,154128,372167,33274,530
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,571,7661,232,441912,721596,430429,933394,831
Finance lease, liability  10,7752,954
Other undisclosed long-term debt and lease obligation1,571,7661,110,189851,872560,007429,933394,831
Liabilities, other than long-term debt235,23541,78428,63637,4403,77979,491
Deferred revenue41,728   
Deferred income tax liabilities2,1073613,217 
Due to related parties   33,469 74,000
Other liabilities76,10641,74815,4193,9713,7795,491
Operating lease, liability115,294122,25250,07433,469
Other undisclosed noncurrent liabilities  122,25250,074 1,010890
Total noncurrent liabilities:1,807,0011,396,477991,431633,870434,722475,212
Total liabilities:2,264,6841,653,4831,153,585762,242602,054549,742
Equity
Equity, attributable to parent334,511318,358(18)23439(3,040)
Common stock6761    
Additional paid in capital502,554317,998    
Accumulated other comprehensive income (loss)197299(18)23439(3,040)
Accumulated deficit(168,307)     
Other undisclosed equity(47,755)(47,694)    
Total equity:286,756270,664(18)23439(3,040)
TOTAL LIABILITIES AND EQUITY:2,551,4401,924,1471,153,567762,265602,493546,702

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,094,2761,041,678875,079684,393573,741543,221
Revenue, net543,221
Cost of revenue(1,160,343)(1,138,930)(767,956)(603,325)(504,300)(464,419)
Cost of goods and services sold(1,040,630)(1,138,930)(767,956)(603,325)(504,300)(464,419)
Gross profit:(66,067)(97,252)107,12381,06869,44178,802
Operating expenses(29,420) (45,345)(36,389)(27,641)(30,934)
Operating income (loss):(95,487)(97,252)61,77844,67941,80047,868
Nonoperating expense(70,387)(64,994)(44,629)(47,622)(34,848)(33,495)
Interest and debt expense(71,585)(9,377)(44,902)(9,042)(751)(31,744)
Income (loss) from continuing operations before equity method investments, income taxes:(237,459)(171,623)(27,753)(11,985)6,201(17,371)
Other undisclosed income from continuing operations before income taxes71,5859,37744,902  31,744
Income (loss) from continuing operations before income taxes:(165,874)(162,246)17,149(11,985)6,20114,373
Income tax expense (benefit)(2,494)16,975(69)   
Income (loss) from continuing operations:(168,368)(145,271)17,080(11,985)6,20114,373
Income (loss) before gain (loss) on sale of properties:(145,271)17,080(11,985)6,20114,373
Other undisclosed net income    9,042751 
Net income (loss):(168,368)(145,271)17,080(2,943)6,95214,373
Net income (loss) attributable to noncontrolling interest6123,202   3,140
Other undisclosed net loss attributable to parent   (3,456)   
Net income (loss) available to common stockholders, basic:(168,307)(122,069)13,624(2,943)6,95217,513
Dilutive securities, effect on basic earnings per share(3,470)     
Other undisclosed net loss available to common stockholders, diluted      
Net income (loss) available to common stockholders, diluted:(171,777)(122,069)13,624(2,943)6,95217,513

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(168,368)(145,271)17,080(2,943)6,95214,373
Other comprehensive income (loss)(102)37(41)(434)3,479(3,635)
Other undisclosed comprehensive income      
Comprehensive income (loss):(168,470)(145,234)17,039(3,377)10,43110,738
Comprehensive income (loss), net of tax, attributable to noncontrolling interest12246,404   3,140
Comprehensive income (loss), net of tax, attributable to parent:(168,348)(98,830)17,039(3,377)10,43113,878

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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