Reeds, Inc. (REED) financial statements (2021 and earlier)

Company profile

Business Address 201 MERRITT 7 CORPORATE PARK,
NORWALK, CT 06851
State of Incorp. DE
Fiscal Year End December 31
SIC 2086 - Bottled and Canned Soft Drinks and Carbonated Waters (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
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11112021
Cash and cash equivalents11112021
Receivables5233233
Inventory, net of allowances, customer advances and progress billings111176786
Inventory111176786
Prepaid expense   0001
Other current assets  8    
Other undisclosed current assets10(7)0010
Total current assets:18141121101311
Noncurrent Assets
Property, plant and equipment1110855
Long-term investments and receivables   1   
Long-term investments   1   
Intangible assets, net (including goodwill)1111111
Intangible assets, net (excluding goodwill)1111111
Deferred costs      (0)
Other undisclosed noncurrent assets0002  0
Total noncurrent assets:2224966
TOTAL ASSETS:20161224192017
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8678686
Accounts payable7667676
Accrued liabilities1110000
Debt1370000
Due to related parties1  0   
Other undisclosed current liabilities   10553
Total current liabilities:99141912139
Noncurrent Liabilities
Long-term debt and lease obligation, including:1552233
Long-term debt, excluding current maturities0541112
Finance lease, liability11
Capital lease obligations10000
Other undisclosed long-term debt and lease obligation   1111
Liabilities, other than long-term debt   00  
Other liabilities   00  
Other undisclosed noncurrent liabilities 003641
Total noncurrent liabilities:1555964
Total liabilities:10151924211913
Stockholders' equity
Stockholders' equity attributable to parent101(7)1(2)14
Preferred stock0000000
Common stock0000000
Common stock, share subscribed but unissued, subscriptions receivable   1   
Additional paid in capital97785450302726
Accumulated deficit(87)(77)(60)(50)(32)(27)(23)
Total stockholders' equity:101(7)1(2)14
TOTAL LIABILITIES AND EQUITY:20161224192017

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues42343838424643
Revenue, net38424643
Cost of revenue
(Cost of Goods and Services Sold)
(29)(26)(27)(31)(33)(34)(35)
Other undisclosed gross profit      4
Gross profit:13811791213
Operating expenses(21)(23)(19)(19)(12)(14)(13)
Operating income (loss):(9)(15)(8)(12)(3)(3)0
Interest and debt expense(2)(1)(2)(3)(2)(1)(1)
Loss from continuing operations before income taxes:(10)(16)(10)(15)(5)(4)(1)
Income tax expense      (0)
Net loss:(10)(16)(10)(15)(5)(4)(1)
Other undisclosed net income (loss) attributable to parent00(0)(3)(0)  
Net loss attributable to parent:(10)(16)(10)(18)(5)(4)(1)
Preferred stock dividends and other adjustments(0)(0)(0)(0)(0)(0)(0)
Net loss available to common stockholders, basic:(10)(16)(10)(18)(5)(4)(1)
Interest on convertible debt   (0)   
Convertible preferred dividends  0    
Net loss available to common stockholders, diluted:(10)(16)(10)(19)(5)(4)(1)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(10)(16)(10)(15)(5)(4)(1)
Comprehensive loss, net of tax, attributable to parent:(10)(16)(10)(15)(5)(4)(1)

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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