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Income Statement
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HARVEST HEALTH & RECREATION INC. (HRVSF)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-20Dec-31-19
   8-K8-K
Revenues  -28.3-34.5
            Revenue growth  -18.0% 
Cost of goods sold  -129.9-75.6
Gross profit  101.641.1
            Gross margin  -359.1%-119.3%
Selling, general and administrative   [+]104.6114.9
Other operating expenses  42.837.7
EBIT   [+]-45.8-111.5
            EBIT margin  161.9%323.2%
Non-recurring items   [+]-11.82.3
Interest expense  38.69.5
Other income (expense), net   [+]9.4-49.3
Pre-tax income  -63.2-172.6
Income taxes  -3.7-3.8
            Tax rate  5.8%2.2%
Earnings from continuing ops  -58.3-168.2
Earnings from discontinued ops  -1.3-0.6
Net income  -59.6-168.8
            Net margin  210.6%489.4%
   
Basic EPS   [+]($0.16)($0.59)
Diluted EPS   [+]($0.16)($0.59)
   
Shares outstanding (basic)   [+]354.8286.6
Shares outstanding (diluted)   [+]354.8286.6
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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