Purple Innovation, Inc. (PRPL) financial statements (2022 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 thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 122,955 | 33,478 | 12,232 | 220 | |||
| Cash and cash equivalents | 122,955 | 33,478 | 12,232 | 220 | |||
| Receivables | 29,111 | 28,692 | 10,241 | ||||
| Inventory, net of allowances, customer advances and progress billings | 65,726 | 47,628 | 22,940 | ||||
| Inventory | 65,726 | 47,628 | 22,940 | ||||
| Prepaid expense | 10 | ||||||
| Other current assets | 10,453 | 3,442 | 1,494 | ||||
| Other undisclosed current assets | 826 | 879 | 790 | ||||
| Total current assets: | 229,071 | 114,119 | 47,697 | 230 | |||
| Noncurrent Assets | |||||||
| Operating lease, right-of-use asset | 41,408 | ✕ | ✕ | ||||
| Property, plant and equipment | 61,486 | 31,979 | 22,514 | ||||
| Intangible assets, net (including goodwill) | 9,945 | 1,101 | 1,493 | ||||
| Intangible assets, net (excluding goodwill) | 9,945 | 1,101 | 1,493 | ||||
| Assets held-in-trust | 122,051 | ||||||
| Deferred income tax assets | 211,244 | ✕ | ✕ | ||||
| Other noncurrent assets | 1,578 | 525 | 5 | ||||
| Total noncurrent assets: | 325,661 | 33,605 | 24,012 | 122,051 | |||
| TOTAL ASSETS: | 554,732 | 147,724 | 71,709 | 122,281 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 101,015 | 63,796 | 33,420 | 1,201 | |||
| Accounts payable | 69,594 | 50,240 | 24,828 | 659 | |||
| Accrued liabilities | 11,197 | 363 | 212 | ||||
| Employee-related liabilities | 14,209 | 7,954 | 2,691 | ||||
| Taxes payable | 6,015 | 5,602 | 5,538 | 330 | |||
| Debt | 2,004 | 32 | |||||
| Due to related parties | 600 | ||||||
| Other liabilities | 13,583 | 9,540 | |||||
| Other undisclosed current liabilities | 15,606 | 13,529 | 15,125 | ||||
| Total current liabilities: | 132,208 | 86,865 | 48,577 | 1,801 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation, including: | 92,350 | 35,399 | 21,411 | ||||
| Long-term debt, excluding current maturities | 43,414 | 8,570 | |||||
| Operating lease, liability | 48,936 | ✕ | ✕ | ||||
| Other undisclosed long-term debt and lease obligation | 26,829 | 21,411 | |||||
| Liabilities, other than long-term debt | 6,503 | 5,100 | 3,616 | 4,000 | |||
| Accounts payable and accrued liabilities | 1,116 | ||||||
| Deferred compensation liability, classified | 4,000 | ||||||
| Deferred rent credit | 5,100 | 2,500 | ✕ | ||||
| Other liabilities | 6,503 | ||||||
| Other undisclosed noncurrent liabilities | 256,130 | 25,092 | (21,295) | ||||
| Total noncurrent liabilities: | 354,983 | 65,591 | 3,732 | 4,000 | |||
| Other undisclosed liabilities | 21,411 | ||||||
| Total liabilities: | 487,191 | 152,456 | 73,720 | 5,801 | |||
| Temporary equity, carrying amount | 111,480 | ||||||
| Stockholders' equity | |||||||
| Stockholders' equity attributable to parent, including: | 67,197 | (2,354) | (662) | 5,000 | |||
| Additional paid in capital | 333,047 | 5,990 | 3,655 | 6,827 | |||
| Accumulated deficit | (265,856) | (8,349) | (4,322) | (1,827) | |||
| Other undisclosed stockholders' equity attributable to parent | 6 | 5 | 5 | ||||
| Stockholders' equity attributable to noncontrolling interest | 344 | (2,378) | (1,349) | ||||
| Total stockholders' equity: | 67,541 | (4,732) | (2,011) | 5,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 554,732 | 147,724 | 71,709 | 122,281 | |||
Income statement (P&L) ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|
| Revenues | 648,471 | 428,358 | 285,791 | 2,500 | ||
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | 2,500 | |
| Cost of revenue (Cost of Goods and Services Sold) | (343,374) | (239,387) | (173,189) | |||
| Gross profit: | 305,097 | 188,971 | 112,602 | 2,500 | ||
| Operating expenses | (233,871) | (172,757) | (129,496) | (2,220) | ||
| Other undisclosed operating loss | (2,500) | |||||
| Operating income (loss): | 71,226 | 16,214 | (16,894) | (2,220) | ||
| Nonoperating income (expense) | (344,755) | (28,193) | (2,720) | 3,429 | ||
| Other nonoperating expense | (344,755) | (28,193) | (2,720) | |||
| Interest and debt expense | (5,782) | (6,299) | (3,733) | (107) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 107 | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (279,311) | (18,278) | (23,347) | 1,209 | ||
| Other undisclosed income from continuing operations before income taxes | 5,782 | 6,299 | ||||
| Income (loss) from continuing operations before income taxes: | (273,529) | (11,979) | (23,347) | 1,209 | ||
| Income tax expense (benefit) | 43,749 | (400) | (406) | |||
| Income (loss) before gain (loss) on sale of properties: | (229,780) | (12,379) | (23,347) | 803 | ||
| Other undisclosed net income | 3,733 | |||||
| Net income (loss): | (229,780) | (12,379) | (19,614) | 803 | ||
| Net income (loss) attributable to noncontrolling interest | (7,087) | 8,352 | 15,292 | |||
| Net income (loss) available to common stockholders, diluted: | (236,867) | (4,027) | (4,322) | 803 | ||
Comprehensive Income ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|
| Net income (loss): | (229,780) | (12,379) | (19,614) | 803 | ||
| Comprehensive income (loss): | (229,780) | (12,379) | (19,614) | 803 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (7,087) | 8,352 | 15,292 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (236,867) | (4,027) | (4,322) | 803 | ||
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.