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Condensed Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
CASH FLOW FROM OPERATING ACTIVITIES      
Net income attributable to Green Thumb Industries Inc. $ 11,978 $ 75,436 $ 14,993
Net Income Attributable to Non-Controlling Interest 1,677 4,927 4,085
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 96,664 68,458 52,506
Amortization of operating lease assets 43,985 34,124 26,287
Loss on extinguishment of debt 0 10,645 0
Loss on disposal of property and equipment 383 314 31
Impairment of goodwill and intangible assets 88,503 0 0
Impairment of long-lived property and equipment 1,419 4,744 0
Loss (earnings) on equity method investment 4,259 (1,799) (2,320)
Gain from lease modification (3,330) 0 0
Bad debt expense 423 488 367
Deferred income taxes (17,477) (4,763) 2,095
Stock-based compensation 27,140 19,600 19,337
Decrease (increase) in fair value of investments 11,651 (6,377) (26,371)
Decrease in fair value of contingent consideration (29,012) (8,273) (8,642)
(Decrease) increase in fair value of warrants (20,357) (14,577) 23,002
Shares issued for settlement of business obligation 1,750 7,135 0
Fair value adjustment on note receivable 0 0 816
Amortization of debt discount 9,174 7,235 5,159
Changes in operating assets and liabilities:      
Accounts receivable (9,264) (646) (14,252)
Inventories (19,791) (16,439) (23,377)
Prepaid expenses and other current assets (3,222) (4,863) 230
Deposits and other assets (419) (749) 756
Accounts payable 3,571 (9,525) 11,674
Accrued liabilities 2,361 10,165 18,684
Operating lease liabilities (38,258) (28,597) (17,682)
Income tax receivable and payable, net (5,244) (14,615) 8,540
NET CASH PROVIDED BY OPERATING ACTIVITIES 158,564 132,048 95,918
CASH FLOW FROM INVESTING ACTIVITIES      
Purchases of property and equipment (179,500) (187,850) (59,797)
Proceeds from disposal of property and equipment 869 109 11,799
Investments in securities and associates (5,804) (79,050) (525)
Proceeds from equity investments and notes receivable 3,571 18,417 170
Settlement of acquisition consideration payable (31,732) 0 0
Purchase of businesses, net of cash acquired (7,350) (32,356) (8,921)
NET CASH USED IN INVESTING ACTIVITIES (219,946) (280,730) (57,274)
CASH FLOW FROM FINANCING ACTIVITIES      
Contributions from limited liability company unit holders 0 1,675 50
Distributions to third parties and limited liability company unit holders (14,879) (11,028) (2,789)
Contributions from unconsolidated subsidiaries 550 0 0
Net proceeds from issuance of registered shares pursuant to Form S-1 0 155,498 0
Proceeds from exercise of options and warrants 3,822 14,260 1,640
Payment for purchase of noncontrolling interest 0 0 (150)
Proceeds from issuance of notes payable 20,101 208,700 0
Principal repayment of notes payable (950) (70,507) (304)
Prepayment penalty and other costs associated with refinancing 0 (3,254) 0
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 8,644 295,344 (1,553)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:      
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (52,738) 146,662 37,091
CASH, CASH EQUIVALENTS AND RESTRICTED CASH BEGINNING OF PERIOD 230,420 83,758 46,667
CASH, CASH EQUIVALENTS AND RESTRICTED CASH END OF PERIOD 177,682 230,420 83,758
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Interest paid 18,552 15,311 12,762
NONCASH INVESTING AND FINANCING ACTIVITIES      
Accrued capital expenditures 887 22,096 (2,029)
Noncash increase in right of use asset (74,996) (27,035) (79,085)
Noncash increase in lease liability 74,996 27,035 79,085
Warrant issuance associated with note payable 0 25,145 754
Mortgages associated with dispensaries and other properties purchased 7,350 6,830 3,607
Liability for purchase of noncontrolling interest 0 0 (5,350)
Liability associated with acquisition agreement 0 0 2,000
Shares issued for purchase of noncontrolling interest 2,379 4,070 0
Issuance of shares associated with contingent consideration 13,111 33,472 22,486
Deferred share issuances 0 37,565 752
Deferred share distributions 0 (3,890) (14,752)
Issuance of shares under business combinations 1,406 343,303 4,619
Inventories 412 9,489 131
Accounts receivable 34 527 0
Prepaid expenses 72 1,117 17
Property and equipment 738 30,789 264
Right of use assets 743 19,003 119
Identifiable Intangible assets 4,816 314,457 6,182
Goodwill 14,214 250,152 7,612
Deposits and other assets 12 1,031 611
Liabilities assumed (1,222) (13,692) (1,520)
Lease liabilities (743) (19,003) (119)
Notes Payable 0 (5,627) 0
Noncontrolling interests 17,735 0 0
Contingent liabilities (200) (98,500) 0
Equity interests issued (3,785) (374,244) (5,097)
Fair value of previously held equity interest (11,336) 0 0
Cash consideration payable 0 (32,092) 0
Deferred income taxes 1,216 (51,051) 720
Settlement of noncontrolling interests (15,356) 0 0
Noncash or Part Noncash Acquisition, Net Nonmonetary Assets Acquired (Liabilities Assumed) 7,350 32,356 8,920
ADDITIONAL SUPPLEMENTAL INFORMATION      
Decrease (increase) in fair value of investments 22,606 (6,377) (26,371)
Increase in fair value of equity method investments (10,955) 0 0
TOTAL DECREASE (INCREASE) IN FAIR VALUE OF INVESTMENTS $ 11,651 $ (6,377) $ (26,371)