Income Statement iAnthus Capital Holdings, Inc.

Equities

IAN

CA45074T1021

Healthcare Facilities & Services

Market Closed - Canadian Securities Exchange Other stock markets 20:20:41 06/09/2024 BST			5-day change	1st Jan Change
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08-14	IAnthus Capital Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI
06-27	Transcript : IAnthus Capital Holdings, Inc. - Shareholder/Analyst Call

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Published financial data: IANTHUS CAPITAL HOLDINGS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	78.38M	152M	203M	163M	158M
Interest And Invest. Income (Rev)	-	-	-	-	-
Other Revenues, Total	-	-	-	-	-
Total Revenues	78.38M	152M	203M	163M	158M
Cost of Goods Sold, Total	38.52M	64.99M	91.74M	88.18M	95.27M
Gross Profit	39.87M	86.68M	111M	74.43M	63.17M
Selling General & Admin Expenses, Total	70.33M	109M	89.57M	114M	77.22M
Provision for Bad Debts	-	-	-	-	303K
Stock-Based Compensation (IS)	20.48M	-	-	-	-
Depreciation & Amortization - (IS)	23.63M	-	28.93M	29.1M	25.14M
Amortization of Goodwill and Intangible Assets - (IS)	-	15.53M	-	-	-
Other Operating Expenses	-	498K	-87K	-288K	-
Other Operating Expenses, Total	114M	125M	118M	143M	103M
Operating Income	-74.58M	-38.39M	-7.12M	-68.76M	-39.49M
Interest Expense, Total	-25.25M	-37.65M	-32.67M	-22.25M	-19.7M
Interest And Investment Income	-	403K	517K	86K	946K
Net Interest Expenses	-25.25M	-37.24M	-32.16M	-22.16M	-18.75M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	36.56M	6.17M	1.86M	2.03M	826K
EBT, Excl. Unusual Items	-63.27M	-69.46M	-37.42M	-88.89M	-57.42M
Restructuring Charges	-	-	-7.4M	-	-
Merger & Related Restructuring Charges	-6.72M	-	-	-300K	-
Impairment of Goodwill	-234M	-199M	-	-	-
Gain (Loss) On Sale Of Investments	-	-137K	-	-	-
Asset Writedown	-	-6.8M	-7.5M	-29.99M	-107K
Other Unusual Items	-	-14.13M	-1.68M	-320M	-2.4M
EBT, Incl. Unusual Items	-304M	-290M	-54M	-439M	-59.92M
Income Tax Expense	-3.02M	19.96M	22.25M	10.69M	16.7M
Earnings From Continuing Operations	-301M	-310M	-76.25M	-449M	-76.62M
Net Income to Company	-301M	-310M	-76.25M	-449M	-76.62M
Net Income - (IS)	-301M	-310M	-76.25M	-449M	-76.62M
Net Income to Common Incl Extra Items	-301M	-310M	-76.25M	-449M	-76.62M
Net Income to Common Excl. Extra Items	-301M	-310M	-76.25M	-449M	-76.62M
Per Share Items
Net EPS - Basic	-1.9	-1.81	-0.44	-0.13	-0.01
Basic EPS - Continuing Operations	-1.9	-1.81	-0.44	-0.13	-0.01
Basic Weighted Average Shares Outstanding	158M	172M	172M	3.37B	6.44B
Net EPS - Diluted	-1.9	-1.81	-0.44	-0.13	-0.01
Diluted EPS - Continuing Operations	-1.9	-1.81	-0.44	-0.13	-0.01
Diluted Weighted Average Shares Outstanding	158M	172M	172M	3.37B	6.44B
Normalized Basic EPS	-0.25	-0.25	-0.14	-0.02	-0.01
Normalized Diluted EPS	-0.25	-0.25	-0.14	-0.02	-0.01
Supplemental Items
EBITDA	-53.37M	-12.2M	21.8M	-39.67M	-14.35M
EBITA	-60.34M	-22.86M	8.27M	-52.41M	-25.5M
EBIT	-74.58M	-38.39M	-7.12M	-68.76M	-39.49M
EBITDAR	-52.27M	-3.43M	30.52M	-32.19M	-6.39M
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	0.99	-6.89	-41.2	-2.44	-27.87
Current Domestic Taxes	5.73M	24.5M	26.87M	18.47M	20.13M
Total Current Taxes	5.73M	24.5M	26.87M	18.47M	20.13M
Deferred Domestic Taxes	-8.75M	-4.54M	-4.62M	-7.78M	-3.43M
Total Deferred Taxes	-8.75M	-4.54M	-4.62M	-7.78M	-3.43M
Normalized Net Income	-39.55M	-43.41M	-23.39M	-55.56M	-35.88M
Interest on Long-Term Debt	20.73M	34.8M	32.8M	22.7M	18.2M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Marketing Expenses	-	-	-	4.8M	4.35M
Selling and Marketing Expenses	-	-	-	4.8M	4.35M
General and Administrative Expenses	34.52M	-	-	-	-
Net Rental Expense, Total	1.1M	8.76M	8.72M	7.47M	7.96M
Imputed Operating Lease Interest Expense	2.25M	14.13M	10.49M	6.45M	6.52M
Imputed Operating Lease Depreciation	-1.15M	-5.37M	-1.76M	1.02M	1.44M
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	-	11.35M	6.52M	30.43M	4.54M
Stock-Based Comp., Other (Total)	20.62M	193K	-	-	-
Total Stock-Based Compensation	20.62M	11.54M	6.52M	30.43M	4.54M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	34.82M	11.02M	13.24M	14.34M	13.1M
Total Cash And Short Term Investments	34.82M	11.02M	13.24M	14.34M	13.1M
Accounts Receivable, Total	7.61M	3.35M	3.6M	4M	4.61M
Other Receivables	786K	-	-	-	-
Notes Receivable	391K	-	-	-	-
Total Receivables	8.79M	3.35M	3.6M	4M	4.61M
Inventory	25.23M	30.29M	30.45M	29.8M	25.38M
Prepaid Expenses	-	3.61M	3.18M	2.22M	2.1M
Restricted Cash	-	495K	3.33M	70K	71K
Other Current Assets, Total	18.27M	1.7M	1.6M	202K	243K
Total Current Assets	87.11M	50.46M	55.4M	50.62M	45.51M
Gross Property Plant And Equipment	145M	161M	178M	173M	173M
Accumulated Depreciation	-12.37M	-20.43M	-35.01M	-41.03M	-51.56M
Net Property Plant And Equipment	133M	140M	143M	132M	121M
Long-term Investments	2.85M	512K	568K	232K	735K
Goodwill	201M	-	-	-	-
Other Intangibles, Total	178M	159M	139M	117M	105M
Accounts Receivable Long-Term	-	-	-	-	-
Loans Receivable Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	2.68M	8.14M	8.65M	3.85M	4.41M
Total Assets	604M	358M	347M	303M	277M
Liabilities
Accounts Payable, Total	-	12.09M	13.64M	10.69M	14.4M
Accrued Expenses, Total	-	56.38M	99.45M	74.04M	103M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	10.85M	157M	165M	51K	55K
Current Portion of Leases	5.33M	7.45M	7.34M	7.79M	7.72M
Other Current Liabilities	28M	245K	16K	-	302K
Total Current Liabilities	44.18M	233M	286M	92.57M	125M
Long-Term Debt	131M	14.13M	28M	147M	165M
Long-Term Leases	19.8M	27.67M	27.81M	28.84M	28.01M
Deferred Tax Liability Non Current	43.35M	32.12M	27.51M	23.82M	20.41M
Other Non Current Liabilities	106K	-	-	-	-
Total Liabilities	238M	307M	369M	292M	339M
Common Stock, Total	660M	-	-	-	-
Additional Paid In Capital	-	770M	776M	1.26B	1.27B
Retained Earnings	-385M	-721M	-800M	-1.25B	-1.33B
Comprehensive Income and Other	91.05M	1.53M	1.53M	-	-
Total Common Equity	366M	50.84M	-22.4M	10.99M	-61.67M
Total Equity	366M	50.84M	-22.4M	10.99M	-61.67M
Total Liabilities And Equity	604M	358M	347M	303M	277M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	172M	172M	172M	6.4B	6.62B
ECS Total Common Shares Outstanding	172M	172M	172M	6.4B	6.51B
Book Value / Share	2.13	0.3	-0.13	0	-0.01
Tangible Book Value	-12.61M	-108M	-161M	-106M	-167M
Tangible Book Value Per Share	-0.07	-0.63	-0.94	-0.02	-0.03
Total Debt	167M	206M	229M	184M	201M
Net Debt	132M	195M	215M	170M	188M
Debt Equivalent Oper. Leases	8.82M	70.12M	69.78M	59.79M	63.71M
Equity Method Investments, Total	2.44M	-	-	-	-
Account Code - Inventory Valuation	3	6	6	6	6
Inventories - Raw Materials, Total	8.84M	8.86M	5.64M	8.9M	7.11M
Inventories - Work In Process, Total	3.74M	5.74M	11.22M	5.81M	6.35M
Inventories - Finished Goods, Total	12.65M	7.24M	7.4M	8.07M	6.61M
Inventories - Others	-	8.46M	6.19M	7.02M	5.33M
Land - (BS)	5.15M	4.29M	4.29M	3.64M	2.89M
Buildings, Total	50.42M	85.98M	21.5M	75.36M	74.92M
Machinery, Total	14M	15.32M	17.59M	15.16M	16.33M
Full Time Employees	-	890	-	-	717
Part Time Employees	-	-	-	-	85
Accumulated Allowance for Doubtful Accounts (Supple)	-	401K	27K	87K	384K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-301M	-310M	-76.25M	-449M	-76.62M
Depreciation & Amortization - CF	9.39M	12.39M	15.65M	15.03M	13.18M
Amortization of Goodwill and Intangible Assets - (CF)	14.24M	15.53M	15.39M	16.36M	13.99M
Depreciation & Amortization, Total	23.63M	27.92M	31.04M	31.39M	27.17M
Amortization of Deferred Charges, Total - (CF)	10.59M	16.96M	9.06M	3.59M	3.95M
(Gain) Loss From Sale Of Asset	878K	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	137K	-	-	-
Asset Writedown & Restructuring Costs	234M	206M	7.5M	29.99M	107K
(Income) Loss On Equity Investments - (CF)	-	-182K	-	-	183K
Stock-Based Compensation (CF)	20.62M	11.54M	6.52M	30.43M	4.54M
Provision and Write-off of Bad Debts	-	498K	-87K	66K	303K
Other Operating Activities, Total	-26.76M	24.71M	21.77M	318M	14.49M
Change In Accounts Receivable	-2.63M	2.64M	-157K	-470K	-828K
Change In Inventories	4.54M	-10.08M	-6.9M	-1.11M	2.78M
Change In Accounts Payable	-1.18M	10.13M	1.55M	-3.1M	3.04M
Change in Other Net Operating Assets	-8.56M	6.33M	22.1M	21.35M	23.92M
Cash from Operations	-45.85M	-13.07M	16.15M	-19.5M	3.02M
Capital Expenditure	-48.53M	-13.44M	-19.44M	-6.94M	-3.57M
Sale of Property, Plant, and Equipment	312K	281K	275K	2.4M	2.51M
Cash Acquisitions	-4.83M	-	-	4K	-
Divestitures	-	-	-	-	-68K
Sale (Purchase) of Intangible assets	-943K	-821K	-959K	-113K	-2.5M
Investment in Marketable and Equity Securities, Total	-	2.48M	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	-	-	-1.19M	-91K	-
Cash from Investing	-53.99M	-11.49M	-21.32M	-4.74M	-3.63M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	116M	14.74M	11M	24.25M	-
Total Debt Issued	116M	14.74M	11M	24.25M	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-636K	-11.25M	-68K	-362K	-49K
Total Debt Repaid	-636K	-11.25M	-68K	-362K	-49K
Issuance of Common Stock	14.48M	-	-	-	-
Repurchase of Common Stock	-	-	-	-1.82M	-569K
Other Financing Activities, Total	-16.01M	-2.23M	-694K	-	-
Cash from Financing	114M	1.26M	10.24M	22.06M	-618K
Foreign Exchange Rate Adjustments	117K	-	-	-	-
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	14.25M	-23.31M	5.07M	-2.17M	-1.23M
Supplemental Items
Cash Interest Paid	13.39M	164K	94K	101K	128K
Cash Income Tax Paid (Refund)	1.58M	2.2M	4.5M	6.02M	4.43M
Levered Free Cash Flow	-62.93M	28.93M	39.51M	-22.27M	29.4M
Unlevered Free Cash Flow	-57.74M	35.49M	50.87M	-11.95M	37.76M
Change In Net Working Capital	5.9M	-34.28M	-38.16M	23.74M	-36.82M
Net Debt Issued / Repaid	116M	3.49M	10.93M	23.89M	-49K

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-12.07	-5.09	-1.27	-13.25	-8.5
Return on Total Capital	-13.81	-6.18	-1.94	-21.5	-14.77
Return On Equity %	-126.25	-153.65	-611.65	7.1K	302.39
Return on Common Equity	-126.25	-153.65	-611.65	7.1K	302.39
Margin Analysis
Gross Profit Margin %	50.86	57.15	54.81	45.77	39.87
SG&A Margin	89.73	71.89	44.12	70.34	48.74
EBITDA Margin %	-68.09	-8.04	10.74	-24.39	-9.06
EBITA Margin %	-76.98	-15.07	4.07	-32.23	-16.1
EBIT Margin %	-95.15	-25.31	-3.51	-42.29	-24.93
Income From Continuing Operations Margin %	-384.34	-204.29	-37.56	-276.36	-48.36
Net Income Margin %	-384.34	-204.29	-37.56	-276.36	-48.36
Net Avail. For Common Margin %	-384.34	-204.29	-37.56	-276.36	-48.36
Normalized Net Income Margin	-50.45	-28.62	-11.52	-34.16	-22.65
Levered Free Cash Flow Margin