Hydrofarm Holdings Group, Inc. (HYFM) Financial Statements (2024 and earlier)

Company Profile

Business Address 1510 MAIN STREET
SHOEMAKERSVILLE, PA 19555
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 519 - Miscellaneous Non-durable Goods (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21,29126,607
Cash and cash equivalents21,29126,607
Restricted cash and investments  1,777
Receivables17,70242,106
Inventory, net of allowances, customer advances and progress billings111,398189,134
Inventory111,398189,134
Other undisclosed current assets4,5579,760
Total current assets:154,948269,384
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 2,0052,365
Operating lease, right-of-use asset65,26545,245
Property, plant and equipment  
Intangible assets, net (including goodwill)300,366519,687
Goodwill  204,868
Intangible assets, net (excluding goodwill)300,366314,819
Deferred income tax assets  393
Other noncurrent assets1,8456,453
Other undisclosed noncurrent assets 49,13047,715
Total noncurrent assets:418,611621,858
TOTAL ASSETS:573,559891,242
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities24,64756,353
Taxes payable729
Employee-related liabilities3,713
Accounts payable13,63344,958
Accrued liabilities11,0146,953
Deferred revenue3,654 
Debt2,0112,263
Deferred compensation liability  9
Business combination, contingent consideration, liability  17,034
Other undisclosed current liabilities11,29312,756
Total current liabilities:41,60588,415
Noncurrent Liabilities
Long-term debt and lease obligation, including:118,661119,517
Long-term debt, excluding current maturities122,603123,914
Finance lease, liability1,2001,628
Other undisclosed long-term debt and lease obligation(5,142)(44,620)
Liabilities, other than long-term debt63,4129,535
Deferred income tax liabilities2,6855,631
Other liabilities4,4283,904
Operating lease, liability56,29938,595
Other undisclosed noncurrent liabilities 38,595
Total noncurrent liabilities:182,073167,647
Total liabilities:223,678256,062
Equity
Equity, attributable to parent349,881635,180
Common stock54
Additional paid in capital783,042777,074
Accumulated other comprehensive loss(7,235)(1,382)
Accumulated deficit(425,931)(140,516)
Total equity:349,881635,180
TOTAL LIABILITIES AND EQUITY:573,559891,242

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

9/30/2023
TTM
12/31/2022
12/31/2021
Revenues344,501479,420
Cost of revenue
(Cost of Goods and Services Sold)
(315,165)(377,934)
Gross profit:29,336101,486
Operating expenses(310,932)(104,185)
Operating loss:(281,596)(2,699)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
841(204)
Interest and debt expense(11,103)(2,818)
Loss from continuing operations before income taxes:(291,858)(5,721)
Income tax expense (benefit)6,44319,137
Income (loss) from continuing operations:(285,415)13,416
Income before gain (loss) on sale of properties:13,416
Net income (loss) available to common stockholders, diluted:(285,415)13,416

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Net income (loss):(285,415)13,416
Comprehensive income (loss):(285,415)13,416
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(5,853)(1,981)
Comprehensive income (loss), net of tax, attributable to parent:(291,268)11,435

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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