Hydrofarm Holdings Group, Inc. (HYFM) financial statements (2022 and earlier)

Company profile

Business Address 270 CANAL ROAD
FAIRLESS HILLS, PA 19030
State of Incorp. DE
Fiscal Year End December 31
SIC 519 - Miscellaneous Non-durable Goods (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 investments26,607
Cash and cash equivalents26,607
Restricted cash and investments1,777
Receivables42,106
Inventory, net of allowances, customer advances and progress billings189,134
Inventory189,134
Other undisclosed current assets9,760
Total current assets:269,384
Noncurrent Assets
Finance lease, right-of-use asset2,365
Operating lease, right-of-use asset45,245
Intangible assets, net (including goodwill)519,687
Goodwill204,868
Intangible assets, net (excluding goodwill)314,819
Deferred income tax assets393
Other noncurrent assets6,453
Other undisclosed noncurrent assets47,715
Total noncurrent assets:621,858
TOTAL ASSETS:891,242
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities56,353
Accounts payable44,958
Accrued liabilities6,953
Employee-related liabilities3,713
Taxes payable729
Debt2,263
Deferred compensation liability9
Business combination, contingent consideration, liability17,034
Other undisclosed current liabilities12,756
Total current liabilities:88,415
Noncurrent Liabilities
Long-term debt and lease obligation, including:119,517
Long-term debt, excluding current maturities123,914
Finance lease, liability1,628
Operating lease, liability38,595
Other undisclosed long-term debt and lease obligation(44,620)
Liabilities, other than long-term debt9,535
Deferred income tax liabilities5,631
Other liabilities3,904
Other undisclosed noncurrent liabilities38,595
Total noncurrent liabilities:167,647
Total liabilities:256,062
Stockholders' equity
Stockholders' equity attributable to parent635,180
Common stock4
Additional paid in capital777,074
Accumulated other comprehensive loss(1,382)
Accumulated deficit(140,516)
Total stockholders' equity:635,180
TOTAL LIABILITIES AND EQUITY:891,242

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

12/31/2021
Revenues479,420
Cost of revenue
(Cost of Goods and Services Sold)
(377,934)
Gross profit:101,486
Operating expenses(104,185)
Operating loss:(2,699)
Nonoperating expense
(Other Nonoperating expense)
(204)
Interest and debt expense(2,818)
Loss from continuing operations before income taxes:(5,721)
Income tax benefit19,137
Net income available to common stockholders, diluted:13,416

Comprehensive Income ($ in thousands)

12/31/2021
Net income:13,416
Comprehensive income:13,416
Other undisclosed comprehensive loss, net of tax, attributable to parent(1,981)
Comprehensive income, net of tax, attributable to parent:11,435

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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