HF Foods Group Inc. (HFFG) financial statements (2023 and earlier)

Company profile

Business Address 19319 ARENTH AVENUE
CITY OF INDUSTRY, CA 91748
State of Incorp. DE
Fiscal Year End December 31
SIC 514 - Groceries And Related Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 9,58114,5385,489560
Cash and cash equivalents 9,58114,5385,489560
Receivables 26,11954,23028,620 
Inventory, net of allowances, customer advances and progress billings 58,53577,53222,176 
Inventory 58,53577,53222,176 
Prepaid expense   28050
Other current assets 4,6144,374951 
Other undisclosed current assets 1977451,526 
Total current assets: 99,046151,42059,043610
Noncurrent Assets
Finance lease, right-of-use asset 962 
Operating lease, right-of-use asset 93217,156
Property, plant and equipment  37,53822,650 
Long-term investments and receivables 2,3772,296423 
Long-term investments 2,3772,296  
Due from related parties   423 
Intangible assets, net (including goodwill) 244,310593,391  
Goodwill 68,512406,703  
Intangible assets, net (excluding goodwill) 175,798186,688  
Deferred income tax assets 5779
Other noncurrent assets 694372242 
Other undisclosed noncurrent assets 135,90759111845,318
Total noncurrent assets: 385,239651,42423,43445,318
TOTAL ASSETS: 484,285802,84482,47645,928
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 34,56939,69019,62337
Accounts payable 28,39139,69017,4743
Accrued liabilities 6,178 2,149 
Taxes payable    34
Debt 20,76822,2821,455 
Due to related parties 1,7844,5213,923 
Deferred tax liabilities1,196 
Contract with customer, liability166
Other undisclosed current liabilities 19,58143,9527,224 
Total current liabilities: 76,702110,44633,58837
Noncurrent Liabilities
Long-term debt and lease obligation 89,39932,42113,231 
Long-term debt, excluding current maturities 88,00918,53513,110 
Finance lease, liability 7671,053
Capital lease obligations121 
Operating lease, liability 62312,833
Liabilities, other than long-term debt 53,38352,3201,1961,106
Deferred compensation liability, classified    1,106
Deferred tax liabilities, net1,196 
Deferred income tax liabilities 46,38352,320
Due to related parties 7,000   
Total noncurrent liabilities: 142,78284,74114,4271,106
Total liabilities: 219,484195,18748,0151,144
Temporary equity, carrying amount    39,784
Stockholders' equity
Stockholders' equity attributable to parent 260,434603,40833,3575,000
Common stock 5520
Treasury stock, value  (12,038)  
Additional paid in capital 587,579599,61722,9214,946
Retained earnings (accumulated deficit) (327,150)15,82410,43454
Stockholders' equity attributable to noncontrolling interest 4,3684,2491,105 
Total stockholders' equity: 264,801607,65734,4615,000
TOTAL LIABILITIES AND EQUITY: 484,285802,84482,47645,928

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues 566,831388,162291,007 
Cost of revenue (466,539)(324,954)(241,441) 
Gross profit: 100,29263,20949,566 
Operating expenses (106,126)(54,931)(41,159)(94)
Other undisclosed operating income   119 
Operating income (loss): (5,835)8,2778,526(94)
Nonoperating income (expense) (341,678)(185)318183
Investment income, nonoperating 1419493183
Other nonoperating income 1,356532  
Interest and debt expense (94)(110)  
Income (loss) from continuing operations before equity method investments, income taxes: (347,607)7,9828,84489
Other undisclosed income from continuing operations before income taxes 94110  
Income (loss) from continuing operations before income taxes: (347,513)8,0928,84489
Income tax expense (benefit) 4,832(2,197)(2,490) 
Net income (loss): (342,681)5,8956,35489
Net loss attributable to noncontrolling interest (293)(506)(67) 
Other undisclosed net loss attributable to parent    (34)
Net income (loss) attributable to parent: (342,974)5,3906,28655
Undistributed earnings (loss) allocated to participating securities, basic    (131)
Net income (loss) available to common stockholders, diluted: (342,974)5,3906,286(76)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss): (342,681)5,8956,35489
Comprehensive income (loss): (342,681)5,8956,35489
Comprehensive loss, net of tax, attributable to noncontrolling interest (293)(506)(67) 
Comprehensive income (loss), net of tax, attributable to parent: (342,974)5,3906,28689

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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