XML 27 R5.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Revenue, net $ 405,926 $ 332,381 $ 143,732
Cost of goods sold (271,363) (196,409) (82,818)
Gross profit 134,563 135,972 60,914
Operating expenses      
General and administrative expenses 137,089 116,665 53,067
Settlement expense 5,000 36,511 0
Total operating expenses 142,089 153,176 53,067
Operating (loss) profit (7,526) (17,204) 7,847
Other (expense) income      
Interest expense (32,436) (63,989) (12,993)
Other, net 756 256 7
Total other expense (31,680) (63,733) (12,986)
Loss before income taxes (39,206) (80,937) (5,139)
Income tax expense (41,693) (41,720) (18,702)
Net loss (80,899) (122,657) (23,841)
Less: net income attributable to non-controlling interests 0 0 1,598
Net loss attributable to Ascend Wellness Holdings, Inc. $ (80,899) $ (122,657) $ (25,439)
Net loss per share attributable to Class A and Class B stockholders of Ascend Wellness Holdings, Inc. — basic (in dollars per share) $ (0.44) $ (0.82) $ (0.27)
Net loss per share attributable to Class A and Class B stockholders of Ascend Wellness Holdings, Inc. — diluted (in dollars per share) $ (0.44) $ (0.82) $ (0.27)
Weighted-average common shares outstanding — basic (in shares) 183,381 149,434 95,165
Weighted-average common shares outstanding —diluted (in shares) 183,381 149,434 95,165