Purple Innovation, Inc. (PRPL) financial statements (2021 and earlier)

Company profile

Business Address 4100 N. CHAPEL RIDGE RD
LEHI, UT 84043
State of Incorp. DE
Fiscal Year End December 31
SIC 251 - Household Furniture (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
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3312001
Cash and cash equivalents3312001
Receivables2910   
Inventory, net of allowances, customer advances and progress billings4823   
Inventory4823   
Prepaid expense  000
Other current assets31   
Other undisclosed current assets11   
Total current assets:11448001
Noncurrent Assets
Property, plant and equipment3223   
Intangible assets, net (including goodwill)11   
Intangible assets, net (excluding goodwill)11   
Assets held-in-trust  122156155
Other noncurrent assets10   
Total noncurrent assets:3424122156155
TOTAL ASSETS:14872122156156
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6433120
Accounts payable502510 
Accrued liabilities 002 
Employee-related liabilities83   
Taxes payable6600 
Other undisclosed accounts payable and accrued liabilities    0
Debt 0   
Due to related parties  1  
Other liabilities10    
Other undisclosed current liabilities1415   
Total current liabilities:8749220
Noncurrent Liabilities
Long-term debt and lease obligation, including:3521   
Long-term debt, excluding current maturities9    
Other undisclosed long-term debt and lease obligation2721   
Liabilities, other than long-term debt54455
Accounts payable and accrued liabilities 1   
Deferred compensation liability, classified  455
Deferred rent credit53
Other undisclosed noncurrent liabilities25(21)   
Total noncurrent liabilities:664455
Other undisclosed liabilities 21   
Total liabilities:15274675
Temporary equity, carrying amount  111  
Stockholders' equity
Stockholders' equity attributable to parent, including:(2)(1)555
Additional paid in capital64785
Accumulated deficit(8)(4)(2)(3)(0)
Other undisclosed stockholders' equity attributable to parent00   
Stockholders' equity attributable to noncontrolling interest(2)(1)   
Total stockholders' equity:(5)(2)555
Other undisclosed liabilities and equity   144147
TOTAL LIABILITIES AND EQUITY:14872122156156

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues4282863  
Financial services revenue3  
Cost of revenue
(Cost of Goods and Services Sold)
(239)(173)   
Gross profit:1891133  
Operating expenses(173)(129)(2)(3) 
Other undisclosed operating loss  (3)  
Operating income (loss):16(17)(2)(3) 
Nonoperating income (expense)(28)(3)3  
Other nonoperating expense(28)(3)   
Interest and debt expense(6)(4)(0)  
Other undisclosed income from continuing operations before equity method investments, income taxes  0  
Income (loss) from continuing operations before equity method investments, income taxes:(18)(23)1(3) 
Other undisclosed income from continuing operations before income taxes6    
Income (loss) from continuing operations before income taxes:(12)(23)1(3) 
Income tax expense(0) (0)  
Income (loss) before gain (loss) on sale of properties:(12)(23)1(3) 
Other undisclosed net income 4   
Net income (loss):(12)(20)1(3) 
Net income attributable to noncontrolling interest815   
Other undisclosed net income attributable to parent   0 
Net income (loss) available to common stockholders, diluted:(4)(4)1(2) 

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(12)(20)1(3) 
Comprehensive income (loss):(12)(20)1(3) 
Comprehensive income, net of tax, attributable to noncontrolling interest815   
Comprehensive income (loss), net of tax, attributable to parent:(4)(4)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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