Financial Tables
Celsius Holdings, Inc.
Condensed Consolidated Balance Sheets (In thousands, except par value)
December 31, 2023 December 31, 2022
ASSETS
Current assets:
Cash and cash equivalents 755,981 614,159
Restricted cash — 38,768
Accounts receivable-net 183,703 63,311
Note receivable-current 2,318 2,979
Inventories-net 229,275 173,289
Prepaid expenses and other current assets 19,503 11,341
Deferred other costs-current 14,124 14,124
Total current assets $ 1,204,904 $ 917,971
Note receivable-non-current — 3,574
Property and equipment-net 24,868 10,185
Deferred tax asset 29,518 501
Right of use assets-operating leases 1,957 972
Right of use assets-finance leases 208 208
Other long-term assets 291 263
Deferred other costs-non-current 248,338 262,462
Intangibles-net 12,139 12,254
Goodwill 14,173 13,679
Total Assets $ 1,536,396 $ 1,222,069
LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable 42,840 36,248
Accrued expenses 62,120 69,899
Income taxes payable 50,424 1,193
Accrued distributor termination fees — 3,986
Accrued promotional allowance 99,787 35,977
Lease liability obligation-operating leases 980 661
Lease liability obligation-finance leases 59 70
Deferred revenue-current 9,513 9,675
Other current liabilities 10,890 3,586
Total current liabilities 276,613 161,295
Lease liability obligation-operating leases 955 326
Lease liability obligation-finance leases 193 162
Deferred tax liability 2,880 15,919
Deferred revenue-non-current 167,227 179,788
Total Liabilities $ 447,868 $ 357,490
Commitment and contingencies
Mezzanine Equity:
Series A convertible preferred shares, $0.001 par value, 5% cumulative dividends; 1,466,666 shares issued and outstanding at
December 31, 2023 and December 31, 2022, respectively, aggregate liquidation preference of $550,000 as of December 31,
2023 and December 31, 2022, respectively 824,488 824,488
Stockholders’ Equity:
Common stock, $0.001 par value; 300,000,000 shares authorized, 231,787,482 and 229,146,788 shares issued and outstanding
at December 31, 2023 and December 31, 2022, respectively 77 76
Additional paid-in capital 276,717 280,668
Accumulated other comprehensive loss (701) (1,881)
Accumulated deficit (12,053) (238,772)
Total Stockholders’ Equity 264,040 40,091
Total Liabilities, Mezzanine Equity and Stockholders’ Equity $ 1,536,396 $ 1,222,069