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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	34.62	33.92	29.52	11.14	51.07	4.54
Cash & Short-Term Investments	34.62	33.92	29.52	11.14	51.07	4.54
Cash Growth	61.69%	14.90%	164.94%	-78.18%	1026.00%	72.32%
Accounts Receivable	6.71	5.22	3.98	4.79	2.46	5.14
Other Receivables	1.93	1.93	-	-	-	-
Receivables	8.64	7.15	3.98	6.04	2.46	6.05
Inventory	15.68	14.25	8.84	10.95	6.53	6.87
Prepaid Expenses	9.61	7.78	3.87	7.76	5.56	1.02
Restricted Cash	-	3	3	3	3	-
Total Current Assets	68.55	66.1	49.22	38.89	68.62	18.47
Property, Plant & Equipment	222.98	222.99	226.55	227.56	198.88	29.72
Long-Term Investments	2.38	2.34	2.33	4.25	7.2	10.7
Goodwill	-	-	-	37.8	4.92	4.82
Other Intangible Assets	12.12	14.2	21.21	35.92	5.63	5.28
Long-Term Deferred Tax Assets	-	-	-	1.51	-	-
Other Long-Term Assets	5.57	4.87	4.47	4.69	2.34	0.55
Total Assets	311.59	310.5	303.78	350.63	287.58	69.54
Accounts Payable	7.64	8.69	5.54	6.01	4.34	2.58
Accrued Expenses	23.07	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	2.34	2.45	1.84	1.14	0.27	0.33
Current Income Taxes Payable	2.44	2.41	7.88	7.6	3.81	4.74
Other Current Liabilities	2.49	22.84	43.16	23.25	41.19	7.37
Total Current Liabilities	37.97	66.48	87.36	54	55.24	19.6
Long-Term Debt	67.29	50.55	56.51	62.62	44.82	19.07
Long-Term Leases	8	8.55	9.22	10.07	2.87	2.32
Long-Term Deferred Tax Liabilities	-	-	-	-	1.28	1.42
Other Long-Term Liabilities	23.77	20.87	5.44	2.8	1.45	0.85
Total Liabilities	137.03	146.45	158.54	129.49	105.65	43.27
Additional Paid-In Capital	329.1	306.65	280.7	261.53	241.9	42.93
Retained Earnings	-200.48	-190.42	-190.94	-92.67	-59.76	-16.66
Total Common Equity	128.63	116.24	89.76	168.86	182.13	26.27
Minority Interest	45.93	47.82	55.48	52.27	-0.2	-
Shareholders' Equity	174.56	164.06	145.24	221.13	181.94	26.27
Total Liabilities & Equity	311.59	310.5	303.78	350.63	287.58	69.54
Total Debt	77.63	69.2	75.13	73.88	47.99	22.32
Net Cash (Debt)	-43.02	-35.28	-45.6	-62.73	3.08	-17.78
Net Cash Per Share	-0.56	-0.47	-0.63	-0.98	0.08	-0.84
Filing Date Shares Outstanding	77.49	77.3	71.08	69.43	56.82	238.2
Total Common Shares Outstanding	77.41	76.91	70.94	68.22	56.82	238.2
Working Capital	30.57	-0.38	-38.14	-15.11	13.38	-1.14
Book Value Per Share	1.66	1.51	1.27	2.48	3.21	0.11
Tangible Book Value	116.51	102.04	68.55	95.14	171.59	16.18
Tangible Book Value Per Share	1.51	1.33	0.97	1.39	3.02	0.07
Land	70.89	70.89	70.89	70.89	70.78	8.97
Buildings	154.95	154.04	143.21	140.04	108.02	11.21
Machinery	13.15	12.58	10.33	8.52	6.03	4.55
Construction In Progress	8.33	6.46	10.17	6.45	11.87	0.32
Leasehold Improvements	16.22	15.57	14.68	10.93	8.41	7.48

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