New Age Beverages Corporation (NBEV) financial statements (2021 and earlier)

Company profile

Business Address 2420 17TH STREET
DENVER, CO 80202
State of Incorp. WA
Fiscal Year End December 31
SIC 2082 - Malt Beverages (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments44614301 
Cash and cash equivalents44614301 
Restricted cash and investments10     
Receivables12111075 
Inventory, net of allowances, customer advances and progress billings48373774 
Inventory48373774 
Deposits current assets   0  
Other current assets 0    
Other undisclosed current assets134610 
Total current assets:127113961610 
Noncurrent Assets
Operating lease, right-of-use asset3938
Property, plant and equipment28285727 
Intangible assets, net (including goodwill)2255499459 
Goodwill551032215 
Intangible assets, net (excluding goodwill)1704368245 
Prepaid expense  71  
Deposits noncurrent assets5     
Restricted cash and investments12 3   
Deferred income tax assets89
Other noncurrent assets  3   
Other undisclosed noncurrent assets 8214  
Total noncurrent assets:3161381915117 
TOTAL ASSETS:4432512876827 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:9363947 
Accounts payable2313    
Accrued liabilities7049342  
Employee-related liabilities  5   
Taxes payable  2   
Other undisclosed accounts payable and accrued liabilities  (31)27 
Debt18113450
Derivative instruments and hedges, liabilities  0   
Business combination, contingent consideration, liability1269   
Other undisclosed current liabilities  342  
Total current liabilities:123795510110
Noncurrent Liabilities
Long-term debt and lease obligation514815410 
Long-term debt, excluding current maturities16131 10 
Capital lease obligations144  
Operating lease, liability3536
Liabilities, other than long-term debt1253153 0 
Deferred rent credit1617 
Deferred income tax liabilities55
Due to related parties    0 
Other liabilities899   
Business combination, contingent consideration, liability96 43   
Other undisclosed noncurrent liabilities  101  
Total noncurrent liabilities:1767977510 
Total liabilities:29915913215220
Temporary equity, carrying amount2     
Stockholders' equity
Stockholders' equity attributable to parent, including:14292155535 
Common stock00000 
Additional paid in capital2372041766312 
Accumulated other comprehensive income411   
Accumulated deficit(152)(112)(23)(11)(7) 
Other undisclosed stockholders' equity attributable to parent53  00 
Other undisclosed stockholders' equity     0
Total stockholders' equity:142921555350
TOTAL LIABILITIES AND EQUITY:44325128768271

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2792545252  
Revenue, net52  
Cost of revenue(102)(101)(43)(40)  
Cost of goods and services sold (2) (40)  
Other undisclosed gross profit   0  
Gross profit:177153912  
Operating expenses(212)(233)(29)(18)(0) 
Operating loss:(35)(80)(19)(6)(0) 
Nonoperating income (expense)1(0)(0)3  
Other nonoperating income (expense)2(0)(0)3  
Interest and debt expense(4)(4)(1)(0)  
Loss from continuing operations before equity method investments, income taxes:(37)(84)(21)(4)(0) 
Other undisclosed income (loss) from continuing operations before income taxes 7(0)   
Loss from continuing operations before income taxes:(37)(77)(21)(4)(0) 
Income tax expense (benefit)(2)(13)9   
Loss from continuing operations:(39)(90)(12)(4)(0) 
Income from discontinued operations   56  
Net income (loss):(39)(90)(12)52(0) 
Other undisclosed net income (loss) attributable to parent   (56)4 
Net income (loss) available to common stockholders, diluted:(39)(90)(12)(4)4 

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(39)(90)(12)52(0) 
Other comprehensive income 01   
Comprehensive income (loss):(39)(90)(12)52(0) 
Other undisclosed comprehensive income, net of tax, attributable to parent3     
Comprehensive income (loss), net of tax, attributable to parent:(36)(90)(12)52(0) 

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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