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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOW FROM OPERATING ACTIVITIES    
Net income attributable to Green Thumb Industries Inc. $ 53,376 $ 32,420
Net income attributable to non-controlling interest 1,041 2,309
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 47,188 30,066
Amortization of operating lease assets 20,022 16,028
Loss on extinguishment of debt 0 (9,882)
Loss on disposal of property and equipment 100 64
Loss (earnings) on equity method investment 1,941 (1,646)
Gain from lease modification (3,330) 0
Bad debt expense 24 6
Deferred income taxes 0 1,042
Stock based compensation 11,484 9,703
Decrease (increase) in fair value of investments 3,201 (18,754)
Interest on contingent consideration payable and acquisition liabilities 2,018 0
(Decrease) increase in fair value of contingent consideration (31,978) 413
(Decrease) increase in fair value of warrants (21,772) 8,011
Shares issued for settlement of business obligation 1,000 7,135
Amortization of debt discount 4,559 2,764
Changes in operating assets and liabilities:    
Accounts receivable (3,976) (2,793)
Inventories (27,361) (10,373)
Prepaid expenses and other current assets (996) (6,303)
Deposits and other assets (147) (1,398)
Accounts payable 5,779 (6,074)
Accrued liabilities (9,998) 3,995
Operating lease liabilities (17,234) (12,586)
Income tax payable 4,973 (15,614)
NET CASH PROVIDED BY OPERATING ACTIVITIES 39,914 48,297
CASH FLOW FROM INVESTING ACTIVITIES    
Purchases of property and equipment (71,131) (44,157)
Proceeds from disposal of property and equipment 32 60
Investments in securities (5,453) (18,136)
Proceeds from sale of investments 1,243 18,417
Settlement of acquisition consideration payable (31,732) 0
Purchase of businesses, net of cash acquired (7,255) 233
NET CASH USED IN INVESTING ACTIVITIES (114,296) (43,583)
CASH FLOW FROM FINANCING ACTIVITIES    
Distributions to third parties and limited liability company unit holders (14,445) (1,800)
Contributions from unconsolidated subsidiaries 550 350
Net proceeds from issuance of registered shares pursuant to Form S-1 0 155,498
Proceeds from exercise of options and warrants 1,603 8,971
Proceeds from issuance of notes payable 2,102 175,500
Principal repayment of notes payable (571) (64,602)
Prepayment penalty and other costs associated with refinancing 0 (3,200)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (10,761) 270,717
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:    
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (85,143) 275,431
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations, Beginning Balance 230,420 83,758
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations, Ending Balance 145,277 359,189
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid 9,028 6,825
NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued capital expenditures (3,761) 13,808
Noncash increase in right of use asset (69,821) (10,781)
Noncash increase in lease liability 69,821 10,781
Warrant issuance associated with note payable 0 22,530
Shares issued for purchase of noncontrolling interest 2,379 0
Issuance of shares associated with contingent consideration 13,111 12,673
Deferred share issuances 0 7,814
Deferred share distributions 0 (1,835)
Issuance of shares under business combinations 1,406 57,755
Inventory 413 1,810
Accounts receivable 370 503
Prepaid assets 72 118
Property and equipment 738 3,713
Right of use assets 743 12,267
Identifiable intangible assets 14,143 25,342
Goodwill 8,869 40,143
Deposits and other assets 12 350
Liabilities assumed (466) (1,093)
Lease liabilities (743) (12,267)
Noncontrolling interests 17,735 0
Equity interests issued (3,785) (64,569)
Fair value of previously held equity interest (14,500) 0
Deferred cash (250) 0
Deferred income taxes 0 (6,550)
Settlement of noncontrolling interests (15,356) 0
Noncash or Part Noncash Acquisition, Net Nonmonetary Assets Acquired (Liabilities Assumed), Total 7,255 (233)
Decrease (increase) in fair value of investments 17,320 (18,754)
Increase in fair value of equity method investments (14,119) 0
Increase in fair value of investments $ 3,201 $ (18,754)