← Tilray Brands, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net loss | ($7.8m) | ($67.7m) | ($321.2m) | ($271.1m) | ($336.0m) | ($434.1m) | ($1.4b) | ($222.4m) | ($2.2b) | — | — | |
| Net Income (Loss) Attributable to Parent | — | ($7.8m) |
($321.2m)
-4012.81%
|
($271.1m)
+15.60%
|
($367.4m)
-35.54%
|
($476.8m)
-29.77%
|
($1.5b)
-204.67%
|
($245.0m)
+83.14%
|
($2.2b)
-792.62%
|
($121.4m)
+94.45%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | — | ($336.0m) | ($434.1m) | ($1.4b) | ($222.4m) | ($2.2b) | ($105.2m) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | $31.4m | $42.7m | $9.7m | $22.6m | $5.4m | — | — | |
| Depreciation, Depletion and Amortization | — | $1.9m | $15.8m | $18.7m | $67.8m | $154.6m | $130.1m | $126.9m | $133.5m | $67.6m | $67.6m | |
| Depreciation | — | — | $9.3m | $12.5m | — | — | $130.1m | $126.9m | $133.5m | $67.6m | $67.6m | |
| Amortization | — | — | $17.2m | $35.7m | $39.7m | $154.6m | $130.1m | $126.9m | $133.5m | $67.6m | $67.6m | |
| Amortization of Deferred Charges | — | — | — | — | — | — | $93.5m | $84.8m | $88.6m | — | — | |
| Amortization of Intangible Assets | — | — | $9.8m | $11.0m | $27.3m | — | — | — | — | — | — | |
| Deferred Income Tax Expense (Benefit) | — | — | ($8.8m) | ($5.4m) | ($24.9m) | ($27.5m) | ($33.6m) | ($38.9m) | ($125.5m) | — | $17.1m | |
| Deferred income tax recovery | — | ($4.5m) | ($5.8m) | ($13.3m) | ($24.9m) | ($27.5m) | ($32.0m) | ($38.9m) | ($121.0m) | $17.1m | $17.1m | |
| Deferred Tax | — | — | — | — | — | — | ($32.0m) | ($38.9m) | ($121.0m) | $17.1m | $17.1m | |
| Share-based Payment Arrangement, Noncash Expense | — | $139k | $31.8m | $29.7m | $17.4m | $36.0m | $39.6m | $31.8m | $24.3m | — | $45.9m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | $1.2m | $0 | $0 | — | — | |
| Share-based Payment Arrangement, Expense | — | — | — | $20.5m | $17.4m | $36.0m | $39.6m | $31.8m | $24.3m | — | $45.9m | |
| Stock-based compensation | $139k | $21.0m | $31.8m | $29.7m | $17.4m | $36.0m | $39.6m | $31.8m | $24.3m | $45.9m | $45.9m | |
| Goodwill, Impairment Loss | — | — | — | — | — | $223.9m | — | $0 | — | — | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | $106.7m | $35.2m | — | — | — | $0 | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | $8.2m | — | $210.8m | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | $106.7m | $27.0m | — | — | — | — | — | — | — | |
| Asset Impairment Charges | — | — | $112.1m | $61.1m | $0 | $378.2m | $934.0m | $0 | $2.1b | — | $0 | |
| Asset Impairment Charge | — | — | — | — | — | — | $989.0m | $0 | $2.1b | $0 | $0 | |
| Income (Loss) from Equity Method Investments | — | — | ($4.5m) | ($6.0m) | ($458k) | — | ($8.0m) | — | — | — | — | |
| Nonoperating Income (Expense) | — | — | — | — | ($184.8m) | $197.7m | ($66.9m) | ($37.8m) | $10.3m | — | — | |
| Other Nonoperating Income (Expense) | — | $12k | $2.5m | ($10.3m) | $8.0m | $5.2m | ($66.9m) | ($37.8m) | $10.3m | — | — | |
| Loss on long-term investments & equity investments | — | $6k | ($2.6m) | $2.4m | $1.6m | $4.9m | $2.2m | $4.9m | $5.5m | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | $14.4m | ($8.9m) | ($62.6m) | ($87.4m) | ($87.4m) | |
| Increase (Decrease) in Accounts Receivable | — | $507k | $14.8m | ($6.3m) | ($23.5m) | ($5.8m) | ($4.2m) | $6.6m | $17.8m | — | ($66.4m) | |
| Accounts receivable | ($507k) | ($16.5m) | ($14.8m) | $6.3m | ($23.5m) | ($5.8m) | $4.2m | ($6.6m) | ($17.8m) | — | ($66.4m) | |
| Change In Receivables | — | — | — | — | — | — | $4.2m | ($6.6m) | ($17.8m) | ($66.4m) | ($66.4m) | |
| Changes In Account Receivables | — | — | — | — | — | — | $4.2m | ($6.6m) | ($17.8m) | ($66.4m) | ($66.4m) | |
| Increase (Decrease) in Inventories | — | $3.3m | $102.6m | $30.1m | ($35.3m) | ($45.7m) | $12.9m | $15.6m | $13.6m | — | ($13.4m) | |
| Inventory Write-down | — | $204k | — | — | — | $67.0m | $55.0m | $0 | $0 | — | — | |
| Inventory valuation write down | $204k | $384k | — | $0 | $19.9m | $67.0m | $55.0m | $0 | $0 | — | — | |
| Inventory | ($3.3m) | ($9.2m) | ($102.6m) | ($30.1m) | ($55.2m) | ($45.7m) | ($12.9m) | ($15.6m) | ($13.6m) | ($13.4m) | ($13.4m) | |
| Increase (Decrease) in Accounts Payable | — | $4.7m | — | — | — | — | — | — | — | — | — | |
| Accounts payable and accrued liabilities | — | — | — | — | $14.6m | ($44.7m) | $20.0m | $212k | ($22.9m) | — | — | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $20.0m | $212k | ($22.9m) | $19.4m | $19.4m | |
| Prepaids and other current assets | ($433k) | ($2.6m) | ($46.2m) | ($5.4m) | ($6.8m) | $4.5m | $3.1m | $13.1m | ($8.3m) | — | — | |
| Net Cash Provided by (Used in) Operating Activities | ($6.0m) |
($6.0m)
0.00%
|
($258.1m)
-4198.93%
|
($129.4m)
+49.88%
|
($44.7m)
+65.43%
|
($177.3m)
-296.41%
|
$7.9m
+104.46%
|
($30.9m)
-490.91%
|
($94.6m)
-206.10%
|
($69.1m)
+26.91%
|
($69.1m)
0.00%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | — | $10.9m | $73.7m | $44.6m | — | — | ($20.8m) | ($29.2m) | ($32.9m) | ($33.0m) | ($33.0m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | — | ($11k) | ($2.4m) | ($1.9m) | $1.5m | $682k | $48k | $4.2m | ($928k) | — | ($2.0m) | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | — | — | ($43.7m) | ($19.7m) | $0 | — | — | |
| Gain (Loss) on Sale of Investments | — | — | $2.6m | ($2.4m) | ($1.6m) | ($4.9m) | ($2.2m) | ($4.9m) | ($5.5m) | — | — | |
| Payments to Acquire Investments | — | — | $1.4b | — | — | — | — | — | — | — | ($4.6m) | |
| Unrealized Gain (Loss) on Investments | — | — | ($21k) | ($17k) | — | — | ($2.4m) | $217k | $5.5m | — | $326k | |
| Disposal (purchase) of marketable securities, net | — | — | — | — | — | $0 | ($241.9m) | $209.7m | ($2.5m) | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $163.9m | — | ($66.6m) | ($326k) | $26.7m | $60.6m | $18.1m | — | ($53.7m) | |
| Business acquisitions, net of cash acquired | — | — | ($163.9m) | ($25.9m) | $66.6m | $326k | ($26.7m) | ($60.6m) | ($18.1m) | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($11.8m) | ($11.8m) | ($253.2m) | ($41.7m) | $46.1m | ($21.5m) | ($285.1m) | $128.3m | ($46.7m) | — | ($55.8m) | |
| Cash flows from financing activities: | ||||||||||||
| Accretion of convertible debt discount | — | — | — | — | — | $5.0m | $3.8m | $14.5m | $10.9m | — | — | |
| Proceeds from long-term debt | — | — | $21.1m | $60.9m | $102.8m | $0 | $1.3m | $32.6m | $3.5m | — | — | |
| Repayment of long-term debt | — | — | ($8.6m) | ($8.1m) | ($64.6m) | ($40.3m) | ($21.3m) | ($22.4m) | ($15.5m) | — | — | |
| Proceeds from convertible debt | — | $460.3m | $343.6m | — | — | — | $145.1m | $21.6m | $0 | — | — | |
| Repayment of convertible debt | — | — | — | ($812k) | $0 | ($88.0m) | ($187.4m) | ($107.3m) | ($330k) | — | — | |
| Net increase (decrease) in bank indebtedness | — | — | — | — | $8.3m | $9.4m | $5.3m | ($5.3m) | ($10.9m) | — | — | |
| Issuance Of Debt | — | — | — | — | — | — | $146.3m | $54.2m | $3.5m | $0 | $0 | |
| Long Term Debt Issuance | — | — | — | — | — | — | $146.3m | $54.2m | $3.5m | $0 | $0 | |
| Long Term Debt Payments | — | — | — | — | — | — | ($209.8m) | ($132.6m) | ($18.7m) | ($30.8m) | ($30.8m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($58.2m) | ($83.8m) | ($26.1m) | ($29.2m) | ($29.2m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($63.5m) | ($78.5m) | ($15.3m) | ($30.8m) | ($30.8m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | $9.4m | $5.3m | ($5.3m) | ($10.9m) | $1.6m | $1.6m | |
| Repayment Of Debt | — | — | — | — | — | — | ($209.8m) | ($132.6m) | ($18.7m) | ($30.8m) | ($30.8m) | |
| Proceeds from Issuance of Common Stock | — | — | — | $85.5m | $102.5m | $262.5m | $129.6m | $8.6m | $161.2m | — | $158.0m | |
| Common Stock Issuance | — | — | — | — | — | — | $129.6m | $8.6m | $161.2m | $158.0m | $158.0m | |
| Common Stock Payments | — | — | — | — | — | — | ($1.2m) | $0 | $0 | ($159k) | ($159k) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $129.6m | $8.6m | $161.2m | $158.0m | $158.0m | |
| Net Common Stock Issuance | — | — | — | — | — | — | $128.4m | $8.6m | $161.2m | $157.8m | $157.8m | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($1.2m) | $0 | $0 | ($159k) | ($159k) | |
| Dividend paid to NCI | — | — | — | — | ($23.9m) | ($7.5m) | $0 | $0 | ($1.5m) | — | — | |
| Net Other Financing Charges | — | — | — | — | — | ($7.5m) | — | — | ($1.5m) | — | ($1.5m) | |
| Net Cash Provided by (Used in) Financing Activities | $12.2m |
$12.2m
0.00%
|
$114.7m
+837.47%
|
$264.8m
+130.90%
|
$124.3m
-53.06%
|
$128.2m
+3.13%
|
$70.2m
-45.27%
|
($75.2m)
-207.17%
|
$133.5m
+277.57%
|
— | $131.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | ($5.2m) | ($390.5m) | $92.9m | $127.8m | ($72.6m) | ($209.3m) | $21.7m | ($6.7m) | — | $229.3m | |
| Cash and cash equivalents, beginning of year | $2.3m | $487.3m | $96.8m | $189.7m | $488.5m | $415.9m | $206.6m | $228.3m | $221.7m | — | — | |
| Beginning Cash Position | — | — | — | — | — | — | $415.9m | $206.6m | $228.3m | $221.7m | $221.7m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $375k | $6.1m | ($905k) | $2.1m | ($2.0m) | ($2.2m) | ($549k) | $1.1m | — | $1.6m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($2.2m) | ($549k) | $1.1m | $1.6m | $1.6m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | — | — | $5.5m | $11.5m | — | — | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $1.2m | $28.2m | $27.6m | — | — | — | — | — | — | — | |
| Income Taxes Paid, Net | — | — | — | — | $5.6m | — | — | — | — | — | — | |
| Additional Financial Items | ||||||||||||
| Accretion Expense | — | — | — | — | — | — | — | $14.5m | $10.9m | — | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | — | — | — | — | $21.7m | — | — | |
| Financing Interest Expense | — | — | — | — | $30.9m | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | $1.4m | $5.9m | $13.2m | ($22.3m) | ($28.4m) | ($25.5m) | ($4.1m) | $9.6m | — | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | $1.4m | $5.9m | $13.2m | ($49.3m) | ($18.0m) | ($17.8m) | ($3.8m) | $18.2m | — | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | — | — | $425k | — | $227.6m | ($31.2m) | ($21.2m) | $2.2m | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | — | $4.2m | $1.8m | — | — | |
| General and Administrative Expense | — | $8.4m | $82.0m | $85.9m | $111.6m | $162.8m | $165.2m | $167.4m | $167.3m | — | — | |
| Goodwill | — | — | $163.3m | $166.9m | $2.8b | $2.6b | $2.0b | $2.0b | $752.4m | — | $0 | |
| Income Tax Expense (Benefit) | — | — | ($8.4m) | ($5.6m) | ($9.0m) | ($6.5m) | ($7.2m) | ($26.6m) | ($121.0m) | — | — | |
| Investment Income, Interest | — | — | $149k | $798k | — | $11.7m | $33.0m | $12.8m | $11.4m | — | — | |
| Operating Expenses | — | — | — | — | $255.4m | $727.2m | $1.5b | $398.1m | $2.5b | — | — | |
| Operating Lease, Expense | — | — | — | — | — | $3.8m | $3.2m | $4.6m | $3.5m | — | — | |
| Realized Investment Gains (Losses) | — | — | $0 | ($2.4m) | — | — | — | — | — | — | — | |
| Restructuring Costs | — | — | — | — | — | — | — | $15.6m | $34.3m | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | $20.5m | $167.0m | $210.5m | $513.1m | $628.4m | — | — | — | — | — | |
| Unrealized foreign exchange (gain) loss | ($1.4m) | $6.5m | ($5.9m) | ($13.2m) | $49.3m | $18.0m | $17.8m | $3.8m | ($18.2m) | — | — | |
| Loss (gain) on sale of capital assets | $11k | ($2k) | $2.4m | $1.9m | ($1.5m) | ($682k) | ($48k) | ($4.2m) | $928k | — | — | |
| Other than temporary change in fair value of convertible notes receivable | — | — | — | — | $0 | $0 | $246.3m | $42.7m | $21.7m | — | — | |
| Other non-cash items | — | — | $242k | ($90k) | $3.0m | ($9.6m) | $11.4m | $13.6m | ($2.2m) | ($5.6m) | — | |
| (Gain) loss on derivative instruments | — | — | — | ($53.6m) | $169.5m | ($227.6m) | $31.2m | $21.2m | ($2.2m) | — | — | |
| Change in fair value of contingent consideration | — | — | ($46.9m) | — | $0 | ($44.6m) | $855k | ($15.8m) | $0 | — | — | |
| Investment in capital and intangible assets | — | — | ($155.8m) | ($98.8m) | ($38.9m) | ($34.1m) | ($20.8m) | ($29.2m) | ($32.9m) | — | — | |
| Proceeds from disposal of capital and intangible assets | — | — | $42k | $1.4m | $6.6m | $12.2m | $4.3m | $8.5m | $6.8m | — | — | |
| Share capital issued, net of cash issuance costs | — | — | $186.0m | $85.5m | $102.5m | $262.5m | $129.6m | $8.6m | $161.2m | — | — | |
| Shares effectively repurchased for employee withholding tax | — | — | — | — | $0 | ($8.7m) | ($1.2m) | $0 | $0 | — | — | |
| Repayment of lease liabilities | — | — | — | ($126k) | ($1.1m) | ($4.7m) | ($1.1m) | ($2.9m) | ($2.9m) | — | — | |
| Effect of foreign exchange on cash and cash equivalents | $375k | ($1.2m) | $6.1m | ($905k) | $2.1m | ($2.0m) | ($2.2m) | ($549k) | $1.1m | — | — | |
| Net decrease in cash and cash equivalents | ($5.2m) | $484.9m | ($390.5m) | $92.9m | $127.8m | ($72.6m) | ($209.3m) | $21.7m | ($6.7m) | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $70.2m | ($75.2m) | $133.5m | $131.0m | $131.0m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($285.1m) | $128.3m | ($46.7m) | ($55.8m) | ($55.8m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($209.3m) | $21.7m | ($6.7m) | $7.7m | — | |
| Change In Prepaid Assets | — | — | — | — | — | — | $3.1m | $13.1m | ($8.3m) | ($26.9m) | ($26.9m) | |
| Changes In Cash | — | — | — | — | — | — | ($207.0m) | $22.3m | ($7.8m) | $6.0m | $6.0m | |
| End Cash Position | — | — | — | — | — | — | $206.6m | $228.3m | $221.7m | $229.3m | $229.3m | |
| Financing Cash Flow | — | — | — | — | — | — | $70.2m |
($75.2m)
-207.17%
|
$133.5m
+277.57%
|
$131.0m
-1.88%
|
$131.0m
0.00%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($12.9m) | ($60.2m) | ($127.5m) | ($102.1m) | ($102.1m) | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $29.6m | $26.0m | $3.4m | $8.0m | $8.0m | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | ($48k) | ($4.2m) | $928k | ($509k) | ($509k) | |
| Investing Cash Flow | — | — | — | — | — | — | ($285.1m) | $128.3m | ($46.7m) | ($55.8m) | ($55.8m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($26.7m) | ($60.6m) | ($18.1m) | ($53.7m) | ($53.7m) | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | $17.8m | $3.8m | ($18.2m) | ($9.5m) | ($9.5m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($241.9m) | $209.7m | ($2.5m) | $27.4m | $27.4m | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($16.5m) | ($20.7m) | ($26.1m) | ($29.5m) | ($29.5m) | |
| Operating Gains Losses | — | — | — | — | — | — | $47.3m | $25.6m | ($13.9m) | ($2.0m) | ($2.0m) | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $0 | $0 | $0 | $2.4m | $2.4m | |
| Purchase Of Business | — | — | — | — | — | — | ($26.7m) | ($60.6m) | ($18.1m) | ($53.7m) | ($53.7m) | |
| Purchase Of Investment | — | — | — | — | — | — | ($241.9m) | $0 | ($2.5m) | ($4.6m) | ($4.6m) | |
| Purchase Of PPE | — | $50.2m | $73.7m | $44.6m | $38.9m | $34.1m | ($20.8m) | ($29.2m) | ($32.9m) | ($33.0m) | ($33.0m) | |
| Sale Of Investment | — | — | — | — | — | — | $0 | $209.7m | $0 | $32.0m | $32.0m | |
| Sale Of PPE | — | — | — | — | — | — | $4.3m | $8.5m | $6.8m | $3.5m | $3.5m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | — | — | $0 | $0 | $326k | $326k |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.