Cronos Group Inc
For the period ended Sep 30, 2024. Filed Nov 12, 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.
Sep 30, 2024 · Filed Nov 12, 2024
CRON$3.41-3.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
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 |
| Nine months ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities | ||
| Net loss | $(3,919) | $(29,526) |
| Adjustments to reconcile net loss to cash used in operating activities: | ||
| Share-based compensation | 6,513 | 6,840 |
| Depreciation and amortization | 6,811 | 6,933 |
| Impairment loss on long-lived assets | 16,350 | 205 |
| Impairment loss on other investments | 25,650 | — |
| Loss from investments | 4,103 | 7,103 |
| Changes in expected credit losses on long-term financial assets | 1,026 | (1,339) |
| Revaluation of equity method investment | (32,469) | — |
| Revaluation of loan receivable | (11,804) | — |
| Loss on held-for-sale assets | 10,422 | — |
| Inventory step-up recorded to cost of sales | 7,116 | — |
| Foreign currency transaction gain | (12,370) | (3,999) |
| Other non-cash operating activities, net | (11) | (1,904) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | (5,402) | 6,976 |
| Interest receivable | (1,018) | (14,601) |
| Other receivables | 1,658 | 25 |
| Prepaids and other current assets | (1,217) | 1,074 |
| Inventory | 7,162 | 976 |
| Accounts payable | (9,102) | (7,595) |
| Income taxes payable | (9) | (32,728) |
| Accrued liabilities | 1,633 | 1,910 |
| Cash flows provided by (used in) operating activities | 11,123 | (59,650) |
| Investing activities | ||
| Purchase of short-term investments | — | (537,186) |
| Proceeds from short-term investments | 187,166 | 380,765 |
| Cash acquired in business combinations | 5,993 | — |
| Dividends received from equity method investment | — | 1,301 |
| Dividend proceeds | — | 346 |
| Advances on loans receivable | (8,822) | — |
| Proceeds from repayment on loans receivable | 5,290 | 14,151 |
| Purchase of property, plant and equipment | (8,868) | (1,287) |
| Purchase of intangible assets | (578) | (344) |
| Other investing activities | — | 862 |
| Cash flows provided by (used in) investing activities | 180,181 | (141,392) |
| Financing activities | ||
| Withholding taxes paid on share-based awards | (918) | (812) |
| Cash flows used in financing activities | (918) | (812) |
| Effect of foreign currency translation on cash and cash equivalents | 2,357 | 8,866 |
| Net change in cash and cash equivalents | 192,743 | (192,988) |
| Cash and cash equivalents, beginning of period | 669,291 | 764,644 |
| Cash and cash equivalents, end of period | $862,034 | $571,656 |
| Supplemental cash flow information | ||
| Interest paid | $— | $— |
| Interest received | $38,965 | $22,203 |
| Income taxes paid | $621 | $33,013 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.