$TLRY
Tilray Brands, Inc.

2023 Q4 Form 10-Q Financial Statement

#000143774923027672 Filed on October 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $193.8M $176.9M $153.2M
YoY Change 34.44% 15.49% -8.82%
Cost Of Revenue $146.4M $132.8M $104.6M
YoY Change 40.72% 26.92% -10.65%
Gross Profit $47.41M $44.20M $48.61M
YoY Change 18.16% -9.09% -4.59%
Gross Profit Margin 24.47% 24.98% 31.73%
Selling, General & Admin $50.90M $47.38M $50.18M
YoY Change -0.87% -5.59% -11.84%
% of Gross Profit 107.36% 107.19% 103.22%
Research & Development $56.00K $79.00K $166.0K
YoY Change -66.06% -52.41% -78.85%
% of Gross Profit 0.12% 0.18% 0.34%
Depreciation & Amortization $31.55M $30.79M $34.07M
YoY Change -5.3% -9.62% -13.38%
% of Gross Profit 66.55% 69.67% 70.08%
Operating Expenses $89.17M $78.56M $69.79M
YoY Change -2.99% 12.56% -41.59%
Operating Profit -$41.76M -$34.36M -$21.18M
YoY Change -19.37% 62.25% -69.1%
Interest Expense -$8.625M -$9.835M -$4.413M
YoY Change 177.6% 122.86% -56.61%
% of Operating Profit
Other Income/Expense, Net $821.0K -$4.402M -$32.99M
YoY Change -104.45% -86.66% -167.52%
Pretax Income -$49.56M -$48.60M -$58.58M
YoY Change -32.43% -17.04% 96.31%
Income Tax $3.380M $7.264M $7.211M
% Of Pretax Income
Net Earnings -$49.01M -$71.53M -$73.48M
YoY Change -29.45% -2.66% 76.43%
Net Earnings / Revenue -25.29% -40.42% -47.96%
Basic Earnings Per Share -$0.07 -$0.10 -$0.13
Diluted Earnings Per Share -$0.07 -$0.10 -$0.13
COMMON SHARES
Basic Shares Outstanding 730.3M 703.3M 536.4M
Diluted Shares Outstanding 730.8M 691.2M 575.3M

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $259.8M $464.9M $490.6M
YoY Change -40.07% -5.25% 30.39%
Cash & Equivalents $143.4M $177.5M $490.6M
Short-Term Investments $116.4M $287.3M
Other Short-Term Assets $38.94M $50.20M $77.24M
YoY Change -22.97% -35.01% -34.14%
Inventory $252.7M $232.1M $244.7M
Prepaid Expenses
Receivables $90.60M $82.08M $98.35M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $642.0M $829.3M $910.9M
YoY Change -21.2% -8.96% 7.85%
LONG-TERM ASSETS
Property, Plant & Equipment $615.1M $494.6M $553.6M
YoY Change 14.09% -10.66% -10.9%
Goodwill $2.010B $2.010B $2.618B
YoY Change -23.33% -23.23% -6.81%
Intangibles $953.4M $967.6M $1.211B
YoY Change -21.52% -20.07%
Long-Term Investments $4.638M $4.638M $4.764M
YoY Change 0.0% -2.64% -97.5%
Other Assets $9.406M $8.647M $4.754M
YoY Change 96.08% 81.89% 2301.01%
Total Long-Term Assets $3.689B $3.573B $4.682B
YoY Change -20.84% -23.68% -8.95%
TOTAL ASSETS
Total Short-Term Assets $642.0M $829.3M $910.9M
Total Long-Term Assets $3.689B $3.573B $4.682B
Total Assets $4.331B $4.402B $5.592B
YoY Change -20.89% -21.28% -6.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $88.36M $78.97M $75.84M
YoY Change 16.69% 4.13% 22.34%
Accrued Expenses $75.85M $129.5M $62.82M
YoY Change 19.37% 106.19% -26.94%
Deferred Revenue
YoY Change
Short-Term Debt $20.18M $14.59M $18.28M
YoY Change 31.87% -20.17% 98.65%
Long-Term Debt Due $142.7M $265.1M $64.10M
YoY Change -29.41% 313.59% 107.86%
Total Short-Term Liabilities $395.0M $537.3M $273.3M
YoY Change -7.39% 96.62% -48.13%
LONG-TERM LIABILITIES
Long-Term Debt $348.8M $273.3M $558.6M
YoY Change -7.1% -51.07% 238.71%
Other Long-Term Liabilities $0.00 $74.00K $179.0K
YoY Change -100.0% -58.66% -99.69%
Total Long-Term Liabilities $0.00 $74.00K $179.0K
YoY Change -100.0% -58.66% -99.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $395.0M $537.3M $273.3M
Total Long-Term Liabilities $0.00 $74.00K $179.0K
Total Liabilities $937.2M $1.001B $1.029B
YoY Change -5.45% -2.78% -38.25%
SHAREHOLDERS EQUITY
Retained Earnings -$2.536B -$2.487B -$1.036B
YoY Change 129.34% 139.98%
Common Stock $5.943B $5.910B $5.641B
YoY Change 4.3% 4.76%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.368B $3.379B $4.525B
YoY Change
Total Liabilities & Shareholders Equity $4.331B $4.402B $5.592B
YoY Change -20.89% -21.28% -6.58%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income -$49.01M -$71.53M -$73.48M
YoY Change -29.45% -2.66% 76.43%
Depreciation, Depletion And Amortization $31.55M $30.79M $34.07M
YoY Change -5.3% -9.62% -13.38%
Cash From Operating Activities -$30.41M -$15.84M -$46.27M
YoY Change -204.12% -65.76% -50.37%
INVESTING ACTIVITIES
Capital Expenditures $5.861M $4.150M -$3.000M
YoY Change -229.18% -238.33% -81.61%
Acquisitions -$22.96M $0.00
YoY Change
Other Investing Activities $87.36M -$22.14M $1.463M
YoY Change -132.74% -1613.33% -80.99%
Cash From Investing Activities $81.50M -$26.29M -$1.537M
YoY Change -130.03% 1610.47% -82.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $6.369M $5.196M
YoY Change 22.58%
Cash From Financing Activities -85.37M $14.02M $123.6M
YoY Change 49.1% -88.66% -1639.86%
NET CHANGE
Cash From Operating Activities -30.41M -$15.84M -$46.27M
Cash From Investing Activities 81.50M -$26.29M -$1.537M
Cash From Financing Activities -85.37M $14.02M $123.6M
Net Change In Cash -34.28M -$27.50M $74.73M
YoY Change -88.55% -136.8% -166.63%
FREE CASH FLOW
Cash From Operating Activities -$30.41M -$15.84M -$46.27M
Capital Expenditures $5.861M $4.150M -$3.000M
Free Cash Flow -$36.27M -$19.99M -$43.27M
YoY Change -207.49% -53.8% -43.74%

Facts In Submission

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CY2023Q3 dei Current Fiscal Year End Date
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CY2023Q3 dei Document Fiscal Period Focus
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CY2023Q3 dei Document Fiscal Year Focus
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CY2023Q3 dei Document Type
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CY2023Q3 dei Document Quarterly Report
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CY2023Q3 dei Document Period End Date
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CY2023Q3 dei Entity File Number
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CY2023Q3 dei Entity Incorporation State Country Code
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CY2023Q3 dei Entity Tax Identification Number
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CY2023Q3 dei Entity Address Address Line1
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CY2023Q3 dei Security12b Title
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CY2023Q3 dei Trading Symbol
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CY2023Q3 dei Security Exchange Name
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CY2023Q3 dei Entity Current Reporting Status
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CY2023Q3 dei Entity Emerging Growth Company
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CY2023Q3 dei Entity Shell Company
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CY2023Q4 dei Entity Common Stock Shares Outstanding
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