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Ascend Wellness Holdings, Inc.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19
   10-K10-K10-K10-K
Revenue, net  405.9332.4143.712.0
            Revenue, net growth  22.1%131.3%1094.6% 
Cost of goods sold  -271.4-196.4-82.8-24.3
    Gross profit  134.6136.060.93.3
            Gross margin  33.1%40.9%42.4%27.3%
   
Operating expenses      
General and administrative expenses  137.1116.753.129.4
Settlement expense  5.036.5  
    Total operating expenses  142.1153.253.129.4
    Operating loss  -7.5-17.27.8-26.1
            Operating margin  -1.9%-5.2%5.5%-217.1%
   
Other income (expense)      
Interest expense  -32.4-64.0-13.0-6.5
Other, net  0.80.30.00.0
    Total other income (expense)  -31.7-63.7-13.0-6.5
    Income (loss) before income taxes  -39.2-80.9-5.1-32.6
Income tax expense  -41.7-41.7-18.7-0.7
    Net income (loss)  -80.9-122.7-23.8-33.2
   
Net income  ($0.44)($0.82)($0.27)($0.37)
Net income  ($0.44)($0.82)($0.27)($0.37)
   
Weighted-average common shares outstanding — basic (in shares)  183.4149.495.287.3
Weighted-average common shares outstanding — diluted (in shares)  183.4149.495.287.3

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