GrowGeneration Corp. (GRWG) financial statements (2022 and earlier)

Company profile

Business Address 5619 DTC PARKWAY
GREENWOOD VILLAGE, CO 80111
State of Incorp. CO
Fiscal Year End December 31
SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers (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 investments81,165177,91212,97914,6401,215607
Cash and cash equivalents41,372177,91212,97914,6401,215607
Short-term investments39,793     
Receivables5,7416,5134,455862654391
Inventory, net of allowances, customer advances and progress billings105,57154,02422,6598,8694,5852,574
Inventory105,57154,02422,6598,8694,5852,574
Prepaid expense5,856    25
Other undisclosed current assets18,55611,7802,55060671211
Total current assets:216,889250,22942,64424,9787,1663,608
Noncurrent Assets
Operating lease, right-of-use asset43,73012,0887,629
Property, plant and equipment24,1166,4753,3411,8211,259550
Intangible assets, net (including goodwill)173,80384,44118,0328,867646243
Goodwill125,40162,95117,7998,753593243
Intangible assets, net (excluding goodwill)48,40221,49023311453 
Deposits noncurrent assets     43
Other undisclosed noncurrent assets8001,501377227183 
Total noncurrent assets:242,449104,50529,37910,9152,088835
TOTAL ASSETS:459,338354,73472,02235,8939,2544,443
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities28,44017,9517,6312,4621,459660
Accounts payable17,03314,6236,0251,8191,068536
Accrued liabilities2,044672 4070 
Employee-related liabilities7,4402,6551,07241024877
Taxes payable1,923 5341927347
Deferred revenue11,6865,155 
Debt92831,94743742131
Customer advances and deposits9252
Other undisclosed current liabilities6,8584,1612,504516  
Total current liabilities:47,07627,34912,0813,4151,593843
Noncurrent Liabilities
Long-term debt and lease obligation38,6129,6376,0493768342
Long-term debt, excluding current maturities661582423768342
Operating lease, liability38,5469,4795,807
Liabilities, other than long-term debt2,359750    
Deferred income tax liabilities2,359750 
Other undisclosed noncurrent liabilities   2,044  
Total noncurrent liabilities:40,97110,3876,0492,4208342
Total liabilities:88,04737,73618,1315,8341,676885
Stockholders' equity
Stockholders' equity attributable to parent371,291316,99753,89230,0597,5793,558
Common stock605737281712
Additional paid in capital361,087319,58260,74238,79711,2544,696
Retained earnings (accumulated deficit)10,144(2,642)(6,887)(8,766)(3,692)(1,150)
Total stockholders' equity:371,291316,99753,89230,0597,5793,558
TOTAL LIABILITIES AND EQUITY:459,338354,73472,02235,8939,2544,443

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues422,489193,36579,73429,00114,3647,980
Revenue, net 7,980
Cost of revenue(304,248)(142,317)(57,172)(22,556)(11,094)(5,776)
Cost of goods and services sold (3,966)   (5,776)
Gross profit:118,24151,04822,5626,4453,2702,204
Operating expenses(103,239)(42,611)(20,422)(10,700)(6,120)(2,630)
Operating income (loss):15,0028,4382,140(4,256)(2,851)(426)
Nonoperating income (expense)227142(261)(818)308(5)
Other nonoperating income (expense)(43)(14)(5)1161 
Interest and debt expense (3,251)(45)(24)(15)(5)
Income (loss) from continuing operations before equity method investments, income taxes:15,2295,3281,834(5,097)(2,558)(436)
Other undisclosed income from continuing operations before income taxes 3,251   5
Income (loss) from continuing operations before income taxes:15,2298,5791,834(5,097)(2,558)(431)
Income tax expense(2,443)(3,251)    
Income (loss) before gain (loss) on sale of properties:12,7865,3281,834(5,097)(2,558)(431)
Other undisclosed net income    15 
Net income (loss):12,7865,3281,834(5,097)(2,543)(431)
Other undisclosed net income attributable to parent  4524  
Net income (loss) available to common stockholders, diluted:12,7865,3281,879(5,074)(2,543)(431)

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):12,7865,3281,834(5,097)(2,543)(431)
Comprehensive income (loss), net of tax, attributable to parent:12,7865,3281,834(5,097)(2,543)(431)

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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