GrowGeneration Corp
For the period ended Mar 31, 2024. Filed May 8, 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.
Mar 31, 2024 · Filed May 8, 2024
GRWG$1.51-3.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $(8,837) | $(6,134) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 3,742 | 3,932 |
| Share-based compensation | 778 | 567 |
| Estimated credit losses (recoveries) | (488) | 317 |
| Loss (gain) on disposal of fixed assets | 33 | (19) |
| Change in value of marketable securities | (390) | — |
| Changes in operating assets and liabilities: | ||
| Accounts and notes receivable | 1,551 | 1,664 |
| Inventory | (1,123) | 1,627 |
| Prepaid expenses and other assets | 2,170 | 3,621 |
| Accounts payable and accrued liabilities | 295 | 114 |
| Operating leases | 80 | 372 |
| Payroll and payroll tax liabilities | (72) | (2,308) |
| Customer deposits | (1,479) | (422) |
| Sales tax payable | 64 | 126 |
| Net cash and cash equivalents provided by (used in) operating activities | (3,676) | 3,457 |
| Cash flows from investing activities: | ||
| Purchase of marketable securities | (21,143) | (10,726) |
| Maturities of marketable securities | 26,465 | 33,452 |
| Proceeds from notes receivable | 30 | — |
| Purchase of property and equipment | (355) | (3,476) |
| Proceeds from disposals of assets | — | 63 |
| Net cash and cash equivalents provided by (used in) investing activities | 4,997 | 19,313 |
| Cash flows from financing activities: | ||
| Principal payments on long term debt | — | (16) |
| Common stock withheld for employee payroll taxes | (28) | (70) |
| Net cash and cash equivalents provided by (used in) financing activities | (28) | (86) |
| Net increase (decrease) in cash and cash equivalents | 1,293 | 22,684 |
| Cash and cash equivalents at the beginning of period | 29,757 | 40,054 |
| Cash and cash equivalents at the end of period | $31,050 | $62,738 |
| Supplemental disclosures of non-cash activities: | ||
| Cash paid for interest | $56 | $2 |
| Cash paid for income taxes | $— | $— |
| Right-of use assets obtained in exchange for new or modified operating lease liabilities | $2,869 | $1,310 |
The accompanying notes are an integral part of these Condensed Consolidated Financial Statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.