Cricut Inc
For the period ended Dec 31, 2023. Filed Mar 6, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 6, 2024
CRCT$8.67-1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(in thousands, except share and per share amounts)
| As of December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $142,187 | $224,943 |
| Marketable securities | 102,952 | 74,256 |
| Accounts receivable, net | 111,247 | 136,539 |
| Inventories | 244,469 | 351,682 |
| Prepaid expenses and other current assets | 19,114 | 23,842 |
| Total current assets | 619,969 | 811,262 |
| Property and equipment, net | 47,614 | 63,407 |
| Operating lease right-of-use assets | 12,353 | 17,078 |
| Intangible assets, net | — | 760 |
| Deferred tax assets | 34,823 | 23,819 |
| Other assets | 35,363 | 33,301 |
| Total assets | $750,122 | $949,627 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $76,860 | $63,195 |
| Accrued expenses and other current liabilities | 71,933 | 69,775 |
| Deferred revenue, current portion | 40,304 | 34,869 |
| Operating lease liabilities, current portion | 5,230 | 5,436 |
| Dividends payable, current portion | 2,137 | 80,781 |
| Total current liabilities | 196,464 | 254,056 |
| Operating lease liabilities, net of current portion | 8,938 | 13,935 |
| Deferred revenue, net of current portion | 2,931 | 3,789 |
| Other non-current liabilities | 6,916 | 5,112 |
| Total liabilities | 215,249 | 276,892 |
| Commitments and contingencies (Note 13) | ||
| Stockholders’ equity: | ||
| Preferred stock, par value $0.001 per share, 100,000,000 shares authorized, and no shares issued and outstanding as of December 31, 2023 and December 31, 2022. | — | — |
| Common stock, par value $0.001 per share, 1,250,000,000 shares authorized as of December 31, 2023, 217,915,713 and 219,656,587 shares issued and outstanding as of December 31, 2023 and 2022, respectively. | 218 | 220 |
| Additional paid-in capital | 505,864 | 672,990 |
| Retained earnings | 28,514 | — |
| Accumulated other comprehensive income (loss) | 277 | (475) |
| Total stockholders’ equity | 534,873 | 672,735 |
| Total liabilities and stockholders’ equity | $750,122 | $949,627 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.