Arhaus Inc
For the period ended Dec 31, 2023. Filed Mar 11, 2024.
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FY2023 · Filed Mar 11, 2024
ARHS$15.02+5.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In thousands, except share and per share data)
December 31, 2023 and 2022
| 2023 | 2022 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $223,098 | $145,181 |
| Restricted cash | 3,207 | 7,346 |
| Accounts receivable, net | 2,394 | 1,734 |
| Merchandise inventory, net | 254,292 | 286,419 |
| Prepaid and other current assets | 45,260 | 29,868 |
| Total current assets | 528,251 | 470,548 |
| Operating right-of-use assets | 302,157 | 257,347 |
| Financing right-of-use assets | 38,835 | 38,522 |
| Property, furniture and equipment, net | 210,238 | 140,613 |
| Deferred tax assets | 19,127 | 16,841 |
| Goodwill | 10,961 | 10,961 |
| Other noncurrent assets | 4,525 | 2,252 |
| Total assets | $1,114,094 | $937,084 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities | ||
| Accounts payable | $63,699 | $62,636 |
| Accrued taxes | 9,638 | 12,256 |
| Accrued wages | 15,185 | 20,860 |
| Accrued other expenses | 42,502 | 35,169 |
| Client deposits | 173,808 | 202,587 |
| Current portion of operating lease liabilities | 45,557 | 39,250 |
| Current portion of financing lease liabilities | 904 | 531 |
| Total current liabilities | 351,293 | 373,289 |
| Operating lease liabilities, long-term | 362,598 | 295,657 |
| Financing lease liabilities, long-term | 53,870 | 51,835 |
| Deferred rent and lease incentives | 1,952 | 2,272 |
| Other long-term liabilities | 4,143 | 4,336 |
| Total liabilities | $773,856 | $727,389 |
| Commitments and contingencies (Note 13) | ||
| Stockholders’ equity | ||
| Class A shares, par value $0.001 per share (600,000,000 shares authorized, 53,254,088 shares issued and 53,169,711 outstanding as of December 31, 2023; 51,437,348 shares issued and outstanding as of December 31, 2022 ) | $52 | $51 |
| Class B shares, par value $0.001 par value per share (100,000,000 shares authorized, 87,115,600 shares issued and outstanding as of December 31, 2023; 87,115,600 shares issued and outstanding as of December 31, 2022 ) | 87 | 87 |
| Retained earnings | 145,292 | 20,053 |
| Additional paid-in capital | 194,807 | 189,504 |
| Total Arhaus, Inc. stockholders’ equity | 340,238 | 209,695 |
| Total liabilities and stockholders’ equity | $1,114,094 | $937,084 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.