$COCO
Vita Coco Company, Inc.

2022 Q4 Form 10-Q Financial Statement

#000148298122000074 Filed on November 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $91.99M $124.0M $115.7M
YoY Change 6.24% 7.24% 32.5%
Cost Of Revenue $69.56M $91.47M $77.17M
YoY Change 7.02% 18.53% 33.28%
Gross Profit $22.43M $32.58M $38.50M
YoY Change 3.92% -15.39% 30.96%
Gross Profit Margin 24.39% 26.26% 33.29%
Selling, General & Admin $26.98M $23.96M $20.37M
YoY Change 2.38% 17.62% 8.35%
% of Gross Profit 120.28% 73.55% 52.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $459.0K $497.0K $513.0K
YoY Change -10.35% -3.12% -3.21%
% of Gross Profit 2.05% 1.53% 1.33%
Operating Expenses $27.29M $23.96M $20.67M
YoY Change 2.35% 15.89% 8.25%
Operating Profit -$4.855M $8.616M $17.83M
YoY Change -4.33% -51.67% 73.07%
Interest Expense $2.061M $130.0K -$2.543M
YoY Change 174.8% -105.11% -354.3%
% of Operating Profit 1.51% -14.27%
Other Income/Expense, Net $478.0K -$2.543M
YoY Change -118.8%
Pretax Income -$2.794M $9.094M $15.28M
YoY Change -37.31% -40.5% 35.25%
Income Tax $16.00K $1.836M $2.296M
% Of Pretax Income 20.19% 15.02%
Net Earnings -$2.810M $7.258M $12.99M
YoY Change -17.76% -44.13% 44.33%
Net Earnings / Revenue -3.05% 5.85% 11.23%
Basic Earnings Per Share $0.13 $0.25
Diluted Earnings Per Share -$0.05 $0.13 $241.5K
COMMON SHARES
Basic Shares Outstanding 55.92M shares 55.65M shares 53.01M shares
Diluted Shares Outstanding 56.58M shares 53.78M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.13M $21.71M $35.91M
YoY Change -29.83% -39.53%
Cash & Equivalents $19.63M $21.21M $35.91M
Short-Term Investments $503.0K $503.0K
Other Short-Term Assets $27.32M $28.97M $37.85M
YoY Change 24.11% -23.48%
Inventory $84.12M $74.46M $47.19M
Prepaid Expenses
Receivables $43.35M $65.72M $57.17M
Other Receivables $2.290M $0.00 $0.00
Total Short-Term Assets $174.9M $190.9M $178.1M
YoY Change 0.96% 7.15%
LONG-TERM ASSETS
Property, Plant & Equipment $2.076M $2.014M $2.274M
YoY Change -16.05% -11.43%
Goodwill $7.791M $7.791M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.677M $4.728M $4.550M
YoY Change -14.18% 3.91%
Total Long-Term Assets $22.84M $27.52M $22.85M
YoY Change -5.72% 20.42%
TOTAL ASSETS
Total Short-Term Assets $174.9M $190.9M $178.1M
Total Long-Term Assets $22.84M $27.52M $22.85M
Total Assets $197.8M $218.4M $201.0M
YoY Change 0.14% 8.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.91M $17.35M $12.98M
YoY Change -43.86% 33.73%
Accrued Expenses $38.34M $45.95M $51.44M
YoY Change -9.57% -10.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $23.00K $24.00K $4.316M
YoY Change -17.86% -99.44%
Total Short-Term Liabilities $54.35M $65.06M $72.80M
YoY Change -26.52% -10.63%
LONG-TERM LIABILITIES
Long-Term Debt $25.00K $9.530M $33.27M
YoY Change -47.92% -71.35%
Other Long-Term Liabilities $2.293M $2.173M $287.0K
YoY Change 661.79% 657.14%
Total Long-Term Liabilities $2.293M $2.173M $33.56M
YoY Change 661.79% -93.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $54.35M $65.06M $72.80M
Total Long-Term Liabilities $2.293M $2.173M $33.56M
Total Liabilities $56.66M $76.77M $106.7M
YoY Change -23.75% -28.07%
SHAREHOLDERS EQUITY
Retained Earnings $55.18M $57.99M
YoY Change 16.5%
Common Stock $145.8M $143.7M
YoY Change 7.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 6.206M shares 6.206M shares
Shareholders Equity $141.1M $141.6M $94.25M
YoY Change
Total Liabilities & Shareholders Equity $197.8M $218.4M $201.0M
YoY Change 0.14% 8.66%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$2.810M $7.258M $12.99M
YoY Change -17.76% -44.13% 44.33%
Depreciation, Depletion And Amortization $459.0K $497.0K $513.0K
YoY Change -10.35% -3.12% -3.21%
Cash From Operating Activities $7.246M $15.19M -$579.0K
YoY Change 3816.76% -2723.66% -102.76%
INVESTING ACTIVITIES
Capital Expenditures $75.00K -$50.00K -$43.00K
YoY Change -117.44% 16.28% -186.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities -$75.00K -$50.00K -$43.00K
YoY Change -82.56% 16.28% -14.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $134.0K
YoY Change -113.14%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.119M -10.07M 17.28M
YoY Change 27.95% -158.3% -1794.02%
NET CHANGE
Cash From Operating Activities 7.246M 15.19M -579.0K
Cash From Investing Activities -75.00K -50.00K -43.00K
Cash From Financing Activities -9.119M -10.07M 17.28M
Net Change In Cash -1.948M 5.068M 16.66M
YoY Change -73.58% -69.57% -16.3%
FREE CASH FLOW
Cash From Operating Activities $7.246M $15.19M -$579.0K
Capital Expenditures $75.00K -$50.00K -$43.00K
Free Cash Flow $7.171M $15.24M -$536.0K
YoY Change 1066.02% -2943.47% -102.56%

Facts In Submission

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dei Entity File Number
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dei Entity Registrant Name
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dei Security12b Title
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OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
131000 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
7156000 usd
CY2021Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
12802000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
10072000 usd
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 usd
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-3000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-23000 usd
CY2022Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
0 usd
CY2021Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
0 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
0 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
4000 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
0 usd
CY2021Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-3000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
0 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-19000 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
7156000 usd
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
12805000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
10072000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
22559000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
102299000 usd
CY2021Q1 us-gaap Profit Loss
ProfitLoss
1640000 usd
CY2021Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
50003000 usd
CY2021Q1 coco Loans Issued And Settlements Adjusted
LoansIssuedAndSettlementsAdjusted
-26000 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
487000 usd
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
9000 usd
CY2021Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
17000 usd
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
54423000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
7782000 usd
CY2021Q2 coco Loans Issued And Settlements Adjusted
LoansIssuedAndSettlementsAdjusted
-25000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
525000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
10000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
299000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
63014000 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
12987000 usd
CY2021Q3 coco Loans Issued And Settlements Adjusted
LoansIssuedAndSettlementsAdjusted
17751000 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
629000 usd
CY2021Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
135000 usd
CY2021Q3 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
54000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-185000 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
94277000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
123173000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
2227000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2386000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
151000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-254000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
127683000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
1139000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1814000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
90000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-196000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
130530000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1641000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
141613000 usd
us-gaap Profit Loss
ProfitLoss
10624000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
7258000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1457000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2470000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-102000 usd
us-gaap Profit Loss
ProfitLoss
22409000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1442000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1557000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-89000 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
348000 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
20000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
6416000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
1250000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
5657000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-127000 usd
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
619000 usd
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
963000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
0 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
20696000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
26940000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
255000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
15362000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4433000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
12766000 usd
coco Increase Decrease In Accounts Payable Accrued Liabilities And Other Liabilities Noncurrent
IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndOtherLiabilitiesNoncurrent
-6034000 usd
coco Increase Decrease In Accounts Payable Accrued Liabilities And Other Liabilities Noncurrent
IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndOtherLiabilitiesNoncurrent
14251000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-18181000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-16351000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
907000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
127000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-907000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-117000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2675000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
153000 usd
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
22000000 usd
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
16500000 usd
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
12500000 usd
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
34000000 usd
coco Proceeds From Settlement Of Loan To Stockholder
ProceedsFromSettlementOfLoanToStockholder
0 usd
coco Proceeds From Settlement Of Loan To Stockholder
ProceedsFromSettlementOfLoanToStockholder
17700000 usd
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-22000 usd
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
30028000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
50003000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
54000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
12153000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-19676000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-544000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-7479000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-36271000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28690000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
72181000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21211000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
35910000 usd
us-gaap Use Of Estimates
UseOfEstimates
Use of Estimates Preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Management considers many factors in selecting appropriate financial accounting policies and controls in developing the estimates and assumptions that are used in the preparation of these condensed consolidated financial statements. Management must apply significant judgment in this process. In addition, other factors may affect estimates, including expected business and operational changes, sensitivity and volatility associated with the assumptions used in developing estimates, and whether historical trends are expected to be representative of future trends. The estimation process often may yield a range of reasonable estimates of the ultimate future outcomes, and management must select an amount that falls within that range of reasonable estimates. The most significant estimates in the condensed consolidated financial statements relate to share-based compensation, assessing long-lived assets for impairment, estimating the net realizable value of inventories, the determination of allowance for uncollectible accounts, assessing goodwill for impairment, the determination of the value of trade promotions, and assessing the realizability of deferred income taxes. Actual results could differ from those estimates.
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Concentration of Credit Risk </span></div><div style="margin-top:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s cash and accounts receivable are subject to concentrations of credit risk. The Company’s cash balances are primarily on deposit with banks in the U.S. which are guaranteed by the Federal Deposit Insurance </span></div>Corporation ("FDIC") up to $250. At times, such cash may be in excess of the FDIC insurance limit. To minimize the risk, the Company’s policy is to maintain cash balances with high quality financial institutions and any excess cash above a certain minimum balance may be invested in overnight money market treasury deposits in widely diversified accounts. Substantially all of the Company’s customers are either wholesalers or retailers of beverages. A material default in payment, a material reduction in purchases from these or any large customers, or the loss of a large customer or customer groups could have a material adverse impact on the Company’s financial condition, results of operations and liquidity. The Company is exposed to concentration of credit risk from its major customers for which two customers in aggregate represented 55% of total net sales for both the nine months ended September 30, 2022 and 2021. In addition, the two customers in aggregate also accounted for 49% and 37% of total accounts receivable as of September 30, 2022 and December 31, 2021, respectively. The Company has not experienced credit issues with these customers.
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1866000 usd
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
2097000 usd
CY2022Q1 coco Reclassification Of Deferred Rent Liability
ReclassificationOfDeferredRentLiability
231000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
124043000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
115669000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
335796000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
292929000 usd
CY2022Q3 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
6076000 usd
CY2021Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
4868000 usd
CY2022Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
68383000 usd
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
70492000 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
74459000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
75360000 usd
CY2022Q3 us-gaap Goodwill
Goodwill
7791000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
7791000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
12238000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5219000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7019000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
12238000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4304000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7934000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
915000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
915000 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
305000 usd
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
305000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
305000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1220000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1220000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1220000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1220000 usd
CY2022Q3 coco Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
1834000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7019000 usd
CY2022Q3 us-gaap Notes Payable
NotesPayable
54000 usd
CY2021Q4 us-gaap Notes Payable
NotesPayable
76000 usd
CY2022Q3 us-gaap Notes Payable Current
NotesPayableCurrent
24000 usd
CY2021Q4 us-gaap Notes Payable Current
NotesPayableCurrent
28000 usd
CY2022Q3 us-gaap Long Term Notes Payable
LongTermNotesPayable
30000 usd
CY2021Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
48000 usd
CY2022Q3 us-gaap Litigation Reserve
LitigationReserve
0 usd
CY2021Q4 us-gaap Litigation Reserve
LitigationReserve
0 usd
CY2022Q3 coco Percentage Of Measurement Of The Liability
PercentageOfMeasurementOfTheLiability
0.49
coco Number Of Calendar Months For Trailing The Revenue Growth Rate Of The Product.
NumberOfCalendarMonthsForTrailingTheRevenueGrowthRateOfTheProduct.
P12M
coco Number Of Votes Per Share Of Common Stock
NumberOfVotesPerShareOfCommonStock
1 vote
CY2022Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
6206200 shares
CY2021Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
6206200 shares
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1142000 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
629000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4722000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1641000 usd
CY2022Q3 coco Share Based Payment Arrangement Stock Based Compensation To Major Customer
ShareBasedPaymentArrangementStockBasedCompensationToMajorCustomer
315000 usd
coco Share Based Payment Arrangement Stock Based Compensation To Major Customer
ShareBasedPaymentArrangementStockBasedCompensationToMajorCustomer
935000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1836000 usd
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2296000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3011000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6277000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
326000 usd
CY2022Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
326000 usd
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56579912 shares
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
7258000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
12990000 usd
us-gaap Net Income Loss
NetIncomeLoss
10624000 usd
us-gaap Net Income Loss
NetIncomeLoss
22432000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55785622 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53006746 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55658946 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53266209 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
794290 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
773314 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
370123 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
475839 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53780060 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56029069 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53742048 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.13
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
coco Annual Internal Rate Of Return Provided By Proceeds From A Liquidity Event
AnnualInternalRateOfReturnProvidedByProceedsFromALiquidityEvent
0.30
CY2022Q3 us-gaap Interest Expense
InterestExpense
130000 usd
CY2021Q3 us-gaap Interest Expense
InterestExpense
127000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2022Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
124043000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
115669000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
335796000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
292929000 usd
CY2022Q3 us-gaap Gross Profit
GrossProfit
32576000 usd
CY2021Q3 us-gaap Gross Profit
GrossProfit
38501000 usd
us-gaap Gross Profit
GrossProfit
80928000 usd
us-gaap Gross Profit
GrossProfit
91561000 usd
CY2022Q3 us-gaap Assets
Assets
218378000 usd
CY2021Q4 us-gaap Assets
Assets
197484000 usd
us-gaap Interest Expense
InterestExpense
213000 usd
CY2022Q3 us-gaap Gross Profit
GrossProfit
32576000 usd
CY2021Q3 us-gaap Gross Profit
GrossProfit
38501000 usd
us-gaap Gross Profit
GrossProfit
80928000 usd
us-gaap Gross Profit
GrossProfit
91561000 usd
CY2022Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
23960000 usd
CY2021Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
20675000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
73018000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
61897000 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
8616000 usd
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
17826000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
7910000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
29664000 usd
CY2022Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
952000 usd
CY2021Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-1964000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
6416000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
1250000 usd
CY2022Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-364000 usd
CY2021Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-483000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-508000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2013000 usd
CY2022Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
20000 usd
CY2021Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
31000 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
30000 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
104000 usd
us-gaap Interest Expense
InterestExpense
319000 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
9094000 usd
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
15283000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
13635000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
28686000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
335796000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
292929000 usd
CY2022Q3 coco Property Plant And Equipment Net And Assets Held For Sale
PropertyPlantAndEquipmentNetAndAssetsHeldForSale
2517000 usd
CY2021Q4 coco Property Plant And Equipment Net And Assets Held For Sale
PropertyPlantAndEquipmentNetAndAssetsHeldForSale
2473000 usd
CY2022Q2 coco Number Of Members Of The Board Of Directors Appointed As Nominees
NumberOfMembersOfTheBoardOfDirectorsAppointedAsNominees
2 director
CY2022Q2 coco Number Of Members Of The Board Of Directors Appointed As Nominees
NumberOfMembersOfTheBoardOfDirectorsAppointedAsNominees
2 director
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
619000 usd
CY2022Q3 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
503000 usd

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