Turning Point Brands Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
TPB$65.88-2.4%Stored close · as of Nov 6, 2026
Contents
Item 1. Consolidated Balance Sheets as of September 30, 2024, and December 31, 2023
Balance Sheets
| (unaudited) | ||
|---|---|---|
| September 30, | December 31, | |
| ASSETS | 2024 | 2023 |
| Current assets: | ||
| Cash | $33,557 | $117,886 |
| Accounts receivable, net of allowances of $59 in 2024 and $78 in 2023 | 10,582 | 9,989 |
| Inventories, net | 106,416 | 98,960 |
| Other current assets | 34,197 | 40,781 |
| Total current assets | 184,752 | 267,616 |
| Property, plant, and equipment, net | 26,082 | 25,300 |
| Deferred income taxes | 919 | 1,468 |
| Right of use assets | 10,788 | 11,480 |
| Deferred financing costs, net | 1,984 | 2,450 |
| Goodwill | 136,413 | 136,250 |
| Other intangible assets, net | 78,621 | 80,942 |
| Master Settlement Agreement (MSA) escrow deposits | 29,482 | 28,684 |
| Other assets | 18,968 | 15,166 |
| Total assets | $488,009 | $569,356 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $13,436 | $8,407 |
| Accrued liabilities | 30,475 | 33,635 |
| Current portion of long-term debt | – | 58,294 |
| Total current liabilities | 43,911 | 100,336 |
| Notes payable and long-term debt | 248,282 | 307,064 |
| Lease liabilities | 9,057 | 9,950 |
| Total liabilities | $301,250 | $417,350 |
| Commitments and contingencies | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.01 par value; authorized shares 40,000,000; issued and outstanding shares -0- | – | – |
| Common stock, voting, $0.01 par value; authorized shares, 190,000,000; 20,167,180 issued shares and 17,716,847 outstanding shares at September 30, 2024, and 19,922,137 issued shares and 17,605,677 outstanding shares at December 31, 2023 | 202 | 199 |
| Common stock, nonvoting, $0.01 par value; authorized shares, 10,000,000; issued and outstanding shares -0- | – | – |
| Additional paid-in capital | 123,833 | 119,075 |
| Cost of repurchased common stock (2,450,333 shares at September 30, 2024 and 2,316,460 shares December 31, 2023) | (82,263) | (78,093) |
| Accumulated other comprehensive loss | (2,112) | (2,648) |
| Accumulated earnings | 146,014 | 112,443 |
| Non-controlling interest | 1,085 | 1,030 |
| Total stockholders’ equity | 186,759 | 152,006 |
| Total liabilities and stockholders’ equity | $488,009 | $569,356 |
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