PetIQ, Inc. (PETQ) financial statements (2020 and earlier)

Company profile

Business Address PETIQ LLC
EAGLE, ID 83616
State of Incorp. DE
Fiscal Year End December 31
SIC 5122 - Drugs, Drug Proprietaries, and Druggists' Sundries (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments276638
Cash and cash equivalents276638
Receivables714522
Inventory, net of allowances, customer advances and progress billings809244
Inventory809244
Prepaid expense  3
Other current assets742
Total current assets:185208109
Noncurrent Assets
Operating lease, right-of-use asset21
Property, plant and equipment532715
Intangible assets, net (including goodwill)3512148
Goodwill2311255
Intangible assets, net (excluding goodwill)120893
Restricted cash and investments  0
Deferred income tax assets60
Other noncurrent assets332
Deferred tax assets, net446
Total noncurrent assets:48728832
TOTAL ASSETS:673495141
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities656216
Accounts payable525514
Accrued liabilities410
Employee-related liabilities952
Interest and dividends payable010
Debt420
Other undisclosed current liabilities5 2
Total current liabilities:736418
Noncurrent Liabilities
Long-term debt and lease obligation27111018
Long-term debt, excluding current maturities25110717
Finance lease, liability3
Capital lease obligations20
Operating lease, liability17
Liabilities, other than long-term debt010
Other liabilities010
Total noncurrent liabilities:27111018
Total liabilities:34417436
Stockholders' equity
Stockholders' equity attributable to parent28325667
Additional paid in capital30026271
Accumulated other comprehensive loss(1)(1)(1)
Accumulated deficit(16)(4)(3)
Other undisclosed stockholders' equity456538
Total stockholders' equity:328321105
TOTAL LIABILITIES AND EQUITY:673495141

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

12/31/2019
12/31/2018
12/31/2017
Revenues709529267
Revenue, net267
Cost of revenue
(Cost of Goods and Services Sold)
(602)(445)(215)
Gross profit:1078351
Operating expenses(103)(72)(38)
Other undisclosed operating loss(7)(3) 
Operating income (loss):(3)813
Nonoperating income (expense)(0)0(2)
Foreign currency transaction gain (loss), before tax(0)0 
Other nonoperating expense  (2)
Interest and debt expense(14)(8)(0)
Income (loss) from continuing operations before equity method investments, income taxes:(18)(1)12
Other undisclosed income (loss) from continuing operations before income taxes0(0)0
Income (loss) from continuing operations before income taxes:(18)(1)12
Income tax expense (benefit)31(4)
Net income (loss):(14)08
Net income (loss) attributable to noncontrolling interest3(1)(11)
Net loss available to common stockholders, diluted:(11)(1)(3)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
Net income (loss):(14)08
Other comprehensive income (loss)0(1) 
Other undisclosed comprehensive income  1
Comprehensive income (loss):(14)(1)9
Comprehensive income (loss), net of tax, attributable to noncontrolling interest3(1)(12)
Comprehensive loss, net of tax, attributable to parent:(11)(1)(3)

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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