GrowGeneration Corp
For the period ended Sep 30, 2024. Filed Nov 12, 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 12, 2024
GRWG$1.51-3.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(Unaudited, in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(26,168) | $(19,182) |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||
| Depreciation and amortization | 12,329 | 12,477 |
| Share-based compensation | 2,104 | 2,452 |
| Estimated credit (recoveries) losses | (210) | 681 |
| Loss on asset disposition | 440 | 85 |
| Change in value of marketable securities | (1,041) | (981) |
| Impairment loss on operating lease right-of-use assets | 220 | — |
| Changes in operating assets and liabilities: | ||
| Accounts and notes receivable | (2,026) | 518 |
| Inventory | 16,827 | 2,691 |
| Prepaid expenses and other assets | 619 | (510) |
| Accounts payable and accrued liabilities | (3,488) | 6,352 |
| Operating leases | (61) | 88 |
| Payroll and payroll tax liabilities | 185 | (2,644) |
| Customer deposits | (2,728) | 588 |
| Sales tax payable | 125 | 162 |
| Net cash and cash equivalents (used in) provided by operating activities | (2,873) | 2,777 |
| Cash flows from investing activities: | ||
| Acquisitions, net of cash acquired | — | (3,050) |
| Purchase of marketable securities | (41,878) | (85,768) |
| Maturities of marketable securities | 50,344 | 83,398 |
| Purchase of property and equipment | (1,880) | (5,995) |
| Proceeds from disposals of assets | 131 | 235 |
| Net cash and cash equivalents provided by (used in) investing activities | 6,717 | (11,180) |
| Cash flows from financing activities: | ||
| Principal payments on long term debt | — | (50) |
| Common stock withheld for employee payroll taxes | (129) | (187) |
| Common stock repurchased | (6,036) | — |
| Net cash and cash equivalents used in financing activities | (6,165) | (237) |
| Net decrease in cash and cash equivalents | (2,321) | (8,640) |
| Cash and cash equivalents at the beginning of period | 29,757 | 40,054 |
| Cash and cash equivalents at the end of period | $27,436 | $31,414 |
| Supplemental cash flow disclosures and non-cash investing and financing transactions: | ||
| Cash paid for interest | $70 | $6 |
| Cash paid for income taxes | $44 | $93 |
| Right-of use assets obtained in exchange for new or modified operating lease liabilities | $3,506 | $4,173 |
| Cancellation of common stock | $6,036 | $— |
| Purchase of property and equipment accrued in accounts payable | $11 | $355 |
| Non-cash repurchase of liability awards | $— | $653 |
| Liability redemption associated with business acquisition | $— | $120 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.