Cronos Group Inc
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
CRON$3.41-3.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Cronos Group Inc. | |
|---|---|
| Condensed Consolidated Statements of Cash Flows | |
| (In thousands of U.S. dollars, except share amounts, unaudited) | Table of Contents |
| Three months ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities | ||
| Net loss | $(2,484) | $(19,257) |
| Adjustments to reconcile net loss to cash used in operating activities: | ||
| Share-based compensation | 2,015 | 2,551 |
| Depreciation and amortization | 1,731 | 2,405 |
| Impairment loss on long-lived assets | 1,974 | — |
| Impairment loss on other investments | 12,734 | — |
| Loss from investments | 894 | 8,419 |
| Loss on revaluation of derivative liabilities | 18 | 65 |
| Changes in expected credit losses on long-term financial assets | (191) | (764) |
| Foreign currency transaction (gain) loss | (13,259) | 1,643 |
| Other non-cash operating activities, net | 1,066 | (2,850) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | (1,654) | 8,201 |
| Interest receivable | 4,251 | (1,953) |
| Other receivables | 289 | 671 |
| Prepaids and other current assets | (985) | (848) |
| Inventory | (777) | (6,824) |
| Accounts payable | (2,775) | 1,555 |
| Income taxes payable | 11 | (32,813) |
| Accrued liabilities | (5,062) | (7,894) |
| Cash flows used in operating activities | (2,204) | (47,693) |
| Investing activities | ||
| Purchase of short-term investments | — | (422,612) |
| Proceeds from short-term investments | 188,872 | 113,355 |
| Proceeds from repayment on loan receivables | 2,678 | 6,249 |
| Purchase of property, plant and equipment | (1,724) | (804) |
| Purchase of intangible assets | (270) | — |
| Cash flows provided by (used in) investing activities | 189,556 | (303,812) |
| Financing activities | ||
| Withholding taxes paid on share-based awards | (645) | (743) |
| Cash flows used in financing activities | (645) | (743) |
| Effect of foreign currency translation on cash and cash equivalents | (884) | 1,271 |
| Net change in cash and cash equivalents | 185,823 | (350,977) |
| Cash and cash equivalents, beginning of period | 669,291 | 764,644 |
| Cash and cash equivalents, end of period | $855,114 | $413,667 |
| Supplemental cash flow information | ||
| Interest paid | $— | $— |
| Interest received | $14,641 | $7,558 |
| Income taxes paid | $579 | $32,932 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.