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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1233312001
Cash and cash equivalents1233312001
Receivables292910   
Inventory, net of allowances, customer advances and progress billings664823   
Inventory664823   
Prepaid expense   000
Other current assets1031   
Other undisclosed current assets111   
Total current assets:22911448001
Noncurrent Assets
Operating lease, right-of-use asset41 
Property, plant and equipment613223   
Intangible assets, net (including goodwill)1011   
Intangible assets, net (excluding goodwill)1011   
Assets held-in-trust   122156155
Deferred income tax assets211 
Other noncurrent assets210   
Total noncurrent assets:3263424122156155
TOTAL ASSETS:55514872122156156
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1016433120
Accounts payable70502510 
Accrued liabilities11 002 
Employee-related liabilities1483   
Taxes payable66600 
Other undisclosed accounts payable and accrued liabilities     0
Debt2 0   
Due to related parties   1  
Other liabilities1410    
Other undisclosed current liabilities161415   
Total current liabilities:1328749220
Noncurrent Liabilities
Long-term debt and lease obligation, including:923521   
Long-term debt, excluding current maturities439    
Operating lease, liability49 
Other undisclosed long-term debt and lease obligation 2721   
Liabilities, other than long-term debt754455
Accounts payable and accrued liabilities  1   
Deferred compensation liability, classified   455
Deferred rent credit 53
Other liabilities7     
Other undisclosed noncurrent liabilities16325(21)   
Total noncurrent liabilities:262664455
Other undisclosed liabilities  21   
Total liabilities:39415274675
Temporary equity, carrying amount   111  
Stockholders' equity
Stockholders' equity attributable to parent, including:160(2)(1)555
Additional paid in capital16464785
Accumulated deficit(5)(8)(4)(2)(3)(0)
Other undisclosed stockholders' equity attributable to parent000   
Stockholders' equity attributable to noncontrolling interest0(2)(1)   
Total stockholders' equity:160(5)(2)555
Other undisclosed liabilities and equity    144147
TOTAL LIABILITIES AND EQUITY:55514872122156156

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues6484282863  
Financial services revenue3  
Cost of revenue
(Cost of Goods and Services Sold)
(343)(239)(173)   
Gross profit:3051891133  
Operating expenses(234)(173)(129)(2)(3) 
Other undisclosed operating loss   (3)  
Operating income (loss):7116(17)(2)(3) 
Nonoperating income (expense)(104)(28)(3)3  
Other nonoperating expense(104)(28)(3)   
Interest and debt expense(6)(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:(39)(18)(23)1(3) 
Other undisclosed income from continuing operations before income taxes66    
Income (loss) from continuing operations before income taxes:(33)(12)(23)1(3) 
Income tax expense (benefit)44(0) (0)  
Income (loss) before gain (loss) on sale of properties:11(12)(23)1(3) 
Other undisclosed net income  4   
Net income (loss):11(12)(20)1(3) 
Net income (loss) attributable to noncontrolling interest(7)815   
Other undisclosed net income attributable to parent    0 
Net income (loss) available to common stockholders, diluted:4(4)(4)1(2) 

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):11(12)(20)1(3) 
Comprehensive income (loss):11(12)(20)1(3) 
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(7)815   
Comprehensive income (loss), net of tax, attributable to parent:4(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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