HYDROFARM HOLDINGS GROUP INC
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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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
HYFM$0.77-5.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(In thousands, except share and per share amounts)
| September 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $24,404 | $30,312 |
| Accounts receivable, net | 15,756 | 16,890 |
| Inventories | 58,221 | 75,354 |
| Prepaid expenses and other current assets | 4,551 | 5,510 |
| Assets held for sale | 470 | — |
| Total current assets | 103,402 | 128,066 |
| Property, plant and equipment, net | 39,770 | 47,360 |
| Operating lease right-of-use assets | 45,723 | 54,494 |
| Intangible assets, net | 255,258 | 275,881 |
| Other assets | 1,788 | 1,842 |
| Total assets | $445,941 | $507,643 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $10,169 | $12,613 |
| Accrued expenses and other current liabilities | 9,497 | 9,529 |
| Deferred revenue | 2,821 | 3,231 |
| Current portion of operating lease liabilities | 7,689 | 8,336 |
| Current portion of finance lease liabilities | 455 | 954 |
| Current portion of long-term debt | 1,318 | 2,989 |
| Total current liabilities | 31,949 | 37,652 |
| Long-term operating lease liabilities | 40,420 | 47,506 |
| Long-term finance lease liabilities | 7,956 | 8,734 |
| Long-term debt | 114,820 | 115,412 |
| Deferred tax liabilities | 3,232 | 3,232 |
| Other long-term liabilities | 4,582 | 4,497 |
| Total liabilities | 202,959 | 217,033 |
| Commitments and contingencies (Note 14) | ||
| Stockholders’ equity | ||
| Common stock ($0.0001 par value; 300,000,000 shares authorized; 46,078,322 and 45,789,890 shares issued and outstanding at September 30, 2024, and December 31, 2023, respectively) | 5 | 5 |
| Additional paid-in capital | 790,012 | 787,846 |
| Accumulated other comprehensive loss | (7,087) | (6,497) |
| Accumulated deficit | (539,948) | (490,744) |
| Total stockholders’ equity | 242,982 | 290,610 |
| Total liabilities and stockholders’ equity | $445,941 | $507,643 |
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