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ASSETS
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Current assets:
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Cash and Cash Equivalents, at Carrying Value
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$237k
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$220k
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$12.2m
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$33.5m
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$123.0m
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$91.6m
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$41.8m
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$26.9m
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$29.0m
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$24.3m
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Prepaid Expense and Other Assets, Current
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—
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—
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$2.3m
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$4.3m
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—
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—
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—
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—
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—
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—
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Accounts receivable, net
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—
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$4.2m
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$10.2m
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$28.7m
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$29.1m
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$25.4m
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$34.6m
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$37.8m
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$33.1m
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$41.3m
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Prepaid expenses
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$41k
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$10k
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—
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—
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$6.7m
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$8.1m
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$7.8m
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$8.5m
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$6.0m
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$5.5m
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Other current assets
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—
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$492k
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$1.5m
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$3.4m
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$10.5m
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$5.7m
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$4.1m
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$1.7m
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$1.4m
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$5.9m
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Inventory, Net
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—
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$13.3m
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$22.9m
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$47.6m
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$65.7m
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$98.7m
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$73.2m
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$66.9m
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$56.9m
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$59.7m
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Assets, Current
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$278k
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$230k
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$47.7m
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$114.1m
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$229.1m
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$229.5m
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$161.5m
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$141.8m
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$126.4m
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$136.7m
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Total current assets
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$278k
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$230k
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$47.7m
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$114.1m
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$229.1m
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$229.5m
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$161.5m
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$141.8m
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$126.4m
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$136.7m
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Property, Plant and Equipment, Net
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—
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$13.5m
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$22.5m
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$32.0m
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$61.5m
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$112.6m
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$136.7m
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$128.7m
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$93.9m
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$78.0m
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Goodwill
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—
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—
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—
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—
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—
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—
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$4.9m
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—
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$6.9m
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—
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Intangible Assets, Net (Excluding Goodwill)
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—
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$1.3m
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$1.5m
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$1.1m
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$9.9m
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$13.2m
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$26.2m
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$22.2m
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$8.9m
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$6.3m
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Operating Lease, Right-of-Use Asset
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—
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—
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—
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—
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$41.4m
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$68.0m
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$102.5m
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$95.8m
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$75.5m
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$67.3m
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Other Assets, Noncurrent
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—
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—
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$5k
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$525k
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$1.6m
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$1.3m
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$1.5m
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$2.2m
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$3.2m
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$8.0m
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Operating lease right-of-use assets
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—
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—
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—
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—
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$41.4m
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$68.0m
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$102.5m
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$95.8m
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$75.5m
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$67.3m
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Other long-term assets
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—
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$22k
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$5k
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$525k
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$1.6m
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$1.3m
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$1.5m
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$2.2m
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$3.2m
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$8.0m
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Additional Financial Items
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Accounts Receivable, after Allowance for Credit Loss, Current
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—
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—
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$10.2m
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$28.7m
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$29.1m
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$25.4m
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$34.6m
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$37.8m
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$33.1m
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$41.3m
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Accrued Liabilities, Current
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$1.6m
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$212k
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$363k
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$245k
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—
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—
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—
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—
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—
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$2.3m
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Customer prepayments
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—
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—
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$7.5m
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$6.3m
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$6.3m
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$10.9m
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$4.5m
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$5.7m
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$6.4m
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$5.3m
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Accrued warranty liabilities – current portion
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—
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—
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—
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—
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—
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—
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$5.8m
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$9.8m
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$6.1m
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$7.1m
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Operating lease obligations – current portion
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—
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—
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—
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—
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$3.2m
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$7.1m
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$13.7m
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$14.8m
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$15.7m
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$17.4m
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Other current liabilities
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$1.6m
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$212k
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$7.5m
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$9.5m
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$13.6m
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$13.5m
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$8.1m
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$17.6m
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$12.8m
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$10.3m
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Related party debt
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—
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—
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—
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—
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—
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—
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—
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—
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$55.4m
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$111.3m
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Accrued warranty liabilities, net of current portion
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—
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—
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—
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—
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—
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—
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—
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$25.8m
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$26.1m
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$19.6m
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Operating lease obligations, net of current portion
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—
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—
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—
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—
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$48.9m
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$81.2m
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$115.6m
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$109.1m
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$87.1m
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$75.6m
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Warrant liabilities
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—
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—
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—
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$21.6m
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$92.7m
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$4.3m
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—
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—
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$16.1m
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$16.1m
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Total stockholders’ equity (deficit) attributable to Purple Innovation, Inc.
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$5.0m
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$5.0m
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($662k)
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($2.4m)
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$159.9m
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$145.8m
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$178.0m
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$115.4m
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$20.2m
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($29.7m)
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Total stockholders’ equity (deficit)
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—
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($13.9m)
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($2.0m)
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($4.7m)
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$160.2m
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$146.5m
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$178.9m
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$115.6m
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$20.2m
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($29.7m)
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Assets
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$155.8m
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$122.3m
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$71.7m
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$147.7m
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$554.7m
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$642.5m
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$433.3m
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$390.6m
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$307.8m
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$296.3m
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LIABILITIES AND EQUITY
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Total liabilities and stockholders’ equity (deficit)
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$155.8m
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$122.3m
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$71.7m
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$147.7m
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$554.7m
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$642.5m
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$433.3m
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$390.6m
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$307.8m
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$296.3m
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Current liabilities:
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Operating Lease, Liability, Current
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—
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—
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—
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—
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$3.2m
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$7.1m
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$13.7m
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$14.8m
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$15.7m
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$17.4m
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Accounts Payable, Current
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$199k
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$659k
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$24.8m
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$50.2m
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$69.6m
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$79.8m
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$46.4m
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$49.8m
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$40.6m
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$40.3m
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Operating Lease, Liability, Noncurrent
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—
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—
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—
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—
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$48.9m
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$81.2m
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$115.6m
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$109.1m
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$87.1m
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$75.6m
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Long-term Debt, Current Maturities
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—
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—
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—
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—
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$2.0m
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—
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—
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—
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$55.4m
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—
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Accrued compensation
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—
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$2.1m
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$2.7m
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$8.0m
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$14.2m
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$8.9m
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$6.7m
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$5.1m
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$9.4m
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$7.7m
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Accrued rebates and allowances
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—
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—
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—
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$5.3m
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$10.9m
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$10.2m
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$9.8m
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$13.2m
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$10.0m
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$13.4m
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Liabilities, Current
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$1.9m
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$1.8m
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$48.6m
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$86.9m
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$132.2m
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$142.0m
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$97.3m
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$111.0m
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$101.0m
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$101.5m
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Total current liabilities
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$1.9m
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$1.8m
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$48.6m
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$86.9m
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$132.2m
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$142.0m
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$97.3m
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$111.0m
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$101.0m
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$101.5m
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Other Liabilities, Noncurrent
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—
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—
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—
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—
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$6.5m
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$12.1m
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$17.9m
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$25.8m
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$2.0m
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$1.8m
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Long-term Debt
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—
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—
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$26.6m
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—
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$43.4m
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$96.4m
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$24.7m
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$26.9m
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$70.7m
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$126.7m
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Other long-term liabilities
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—
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—
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—
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$8.6m
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$6.5m
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$12.1m
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$17.9m
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$25.8m
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$2.0m
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$1.8m
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Liabilities
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$6.5m
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$5.8m
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$73.7m
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$152.5m
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$487.2m
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$495.9m
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$254.4m
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$275.0m
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$287.6m
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$325.9m
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Stockholders’ equity:
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Common Stock, Value, Issued
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—
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—
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—
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—
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—
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$7k
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$9k
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—
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—
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—
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Additional Paid in Capital
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$7.6m
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$6.8m
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$3.7m
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$6.0m
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$333.0m
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$407.6m
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$529.5m
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$591.4m
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$594.1m
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$595.6m
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Retained Earnings (Accumulated Deficit)
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($2.6m)
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($1.8m)
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($4.3m)
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($8.3m)
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($265.9m)
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($261.8m)
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($351.5m)
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($476.0m)
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($573.9m)
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($625.3m)
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Stockholders' Equity Attributable to Parent
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$5.0m
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$5.0m
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($662k)
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($2.4m)
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$67.2m
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$145.8m
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$178.0m
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$115.4m
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$20.2m
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($29.7m)
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Stockholders' Equity Attributable to Noncontrolling Interest
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—
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—
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($1.3m)
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($2.4m)
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$344k
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$768k
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$929k
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$185k
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$11k
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$18k
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Liabilities and Equity
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$155.8m
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$122.3m
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$71.7m
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$147.7m
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$554.7m
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$642.5m
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$433.3m
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$390.6m
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$307.8m
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$296.3m
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