Glass House Brands Inc. (GLASF)

Glass House Brands Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	40.7	33.92	29.52	11.14	51.07	4.54
Cash & Short-Term Investments	40.7	33.92	29.52	11.14	51.07	4.54
Cash Growth	77.90%	14.90%	164.94%	-78.18%	1026.00%	72.32%
Accounts Receivable	9.84	5.22	3.98	4.79	2.46	5.14
Other Receivables	0.93	1.93	-	-	-	-
Receivables	10.78	7.15	3.98	6.04	2.46	6.05
Inventory	19.67	14.25	8.84	10.95	6.53	6.87
Prepaid Expenses	15.36	7.78	3.87	7.76	5.56	1.02
Restricted Cash	-	3	3	3	3	-
Total Current Assets	86.5	66.1	49.22	38.89	68.62	18.47
Property, Plant & Equipment	229.97	222.99	226.55	227.56	198.88	29.72
Long-Term Investments	0.17	2.34	2.33	4.25	7.2	10.7
Goodwill	-	-	-	37.8	4.92	4.82
Other Intangible Assets	11.94	14.2	21.21	35.92	5.63	5.28
Long-Term Deferred Tax Assets	-	-	-	1.51	-	-
Other Long-Term Assets	5.98	4.87	4.47	4.69	2.34	0.55
Total Assets	334.56	310.5	303.78	350.63	287.58	69.54
Accounts Payable	8.55	8.69	5.54	6.01	4.34	2.58
Accrued Expenses	28.98	22.44	21.39	15.96	5.59	3.99
Current Portion of Long-Term Debt	-	7.64	7.55	0.04	0.04	0.6
Current Portion of Leases	2.11	2.45	1.84	1.14	0.27	0.33
Current Income Taxes Payable	3.73	2.41	7.88	7.6	3.81	4.74
Other Current Liabilities	-	22.84	43.16	23.25	41.19	7.37
Total Current Liabilities	43.37	66.48	87.36	54	55.24	19.6
Long-Term Debt	67.65	50.55	56.51	62.62	44.82	19.07
Long-Term Leases	4.8	8.55	9.22	10.07	2.87	2.32
Long-Term Deferred Tax Liabilities	-	-	-	-	1.28	1.42
Other Long-Term Liabilities	26.43	20.87	5.44	2.8	1.45	0.85
Total Liabilities	142.25	146.45	158.54	129.49	105.65	43.27
Additional Paid-In Capital	337.33	306.65	280.7	261.53	241.9	42.93
Retained Earnings	-191.81	-190.42	-190.94	-92.67	-59.76	-16.66
Total Common Equity	145.52	116.24	89.76	168.86	182.13	26.27
Minority Interest	46.8	47.82	55.48	52.27	-0.2	-
Shareholders' Equity	192.32	164.06	145.24	221.13	181.94	26.27
Total Liabilities & Equity	334.56	310.5	303.78	350.63	287.58	69.54
Total Debt	74.56	69.2	75.13	73.88	47.99	22.32
Net Cash (Debt)	-33.86	-35.28	-45.6	-62.73	3.08	-17.78
Net Cash Per Share	-0.43	-0.47	-0.63	-0.98	0.08	-0.84
Filing Date Shares Outstanding	79.14	77.3	71.08	69.43	56.82	238.2
Total Common Shares Outstanding	79.08	76.91	70.94	68.22	56.82	238.2
Working Capital	43.13	-0.38	-38.14	-15.11	13.38	-1.14
Book Value Per Share	1.84	1.51	1.27	2.48	3.21	0.11
Tangible Book Value	133.58	102.04	68.55	95.14	171.59	16.18
Tangible Book Value Per Share	1.69	1.33	0.97	1.39	3.02	0.07
Land	76.4	70.89	70.89	70.89	70.78	8.97
Buildings	158.73	154.04	143.21	140.04	108.02	11.21
Machinery	12.63	12.58	10.33	8.52	6.03	4.55
Construction In Progress	12.82	6.46	10.17	6.45	11.87	0.32
Leasehold Improvements	15.57	15.57	14.68	10.93	8.41	7.48

Updated Nov 13, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.