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10-Q Filing

CELSIUS HOLDINGS, INC. CIK: 1341766 Q1 2023
Filing Information
Form Type 10-Q
Accession Number 0000950170-23-019722
Period End Date 20230331
Filing Date 20230509
Fiscal Year 2023
Fiscal Period Q1
XBRL Instance celh-20230331_htm.xml
Filing Contents
Balance Sheet 88 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $595.48M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $614.16M USD Point-in-time
Restricted cash RestrictedCash $38.10M USD Point-in-time
Restricted cash RestrictedCash $38.77M USD Point-in-time
Accounts receivable-net AccountsReceivableNetCurrent $172.03M USD Point-in-time
Accounts receivable-net AccountsReceivableNetCurrent $63.31M USD Point-in-time
Common Stock, Par or Stated Value Per Share CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common Stock, Par or Stated Value Per Share CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Note receivable-current NotesAndLoansReceivableNetCurrent $2.98M USD Point-in-time
Note receivable-current NotesAndLoansReceivableNetCurrent $3.59M USD Point-in-time
Inventories-net InventoryNet $173.29M USD Point-in-time
Common Stock, Shares Authorized CommonStockSharesAuthorized 100.00M shares Point-in-time
Inventories-net InventoryNet $154.28M USD Point-in-time
Common Stock, Shares Authorized CommonStockSharesAuthorized 100.00M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $15.51M USD Point-in-time
Common Stock, Shares, Issued CommonStockSharesIssued 76.78M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $11.34M USD Point-in-time
Common Stock, Shares, Issued CommonStockSharesIssued 76.38M shares Point-in-time
Common Stock, Shares, Outstanding CommonStockSharesOutstanding 76.78M shares Point-in-time
Common Stock, Shares, Outstanding CommonStockSharesOutstanding 76.38M shares Point-in-time
Deferred other costs-current DeferredContractCostsCurrent $14.12M USD Point-in-time
Deferred other costs-current DeferredContractCostsCurrent $14.12M USD Point-in-time
Total current assets AssetsCurrent $993.11M USD Point-in-time
Total current assets AssetsCurrent $917.97M USD Point-in-time
Note receivable NotesAndLoansReceivableNetNoncurrent $3.57M USD Point-in-time
Note receivable NotesAndLoansReceivableNetNoncurrent - USD Point-in-time
Property and equipment-net PropertyPlantAndEquipmentNet $12.05M USD Point-in-time
Property and equipment-net PropertyPlantAndEquipmentNet $10.19M USD Point-in-time
Deferred tax asset DeferredIncomeTaxAssetsNet $482.00K USD Point-in-time
Deferred tax asset DeferredIncomeTaxAssetsNet $501.00K USD Point-in-time
Right of use assets-operating leases OperatingLeaseRightOfUseAsset $931.00K USD Point-in-time
Right of use assets-operating leases OperatingLeaseRightOfUseAsset $972.00K USD Point-in-time
Right of use assets-finance leases FinanceLeaseRightOfUseAsset $191.00K USD Point-in-time
Right of use assets-finance leases FinanceLeaseRightOfUseAsset $208.00K USD Point-in-time
Other long-term assets DepositsAssets $263.00K USD Point-in-time
Other long-term assets DepositsAssets $263.00K USD Point-in-time
Deferred other costs-non-current DeferredOtherCostsNonCurrent $258.93M USD Point-in-time
Deferred other costs-non-current DeferredOtherCostsNonCurrent $262.46M USD Point-in-time
Intangibles IntangibleAssetsNetExcludingGoodwill $12.25M USD Point-in-time
Intangibles IntangibleAssetsNetExcludingGoodwill $12.36M USD Point-in-time
Goodwill Goodwill $13.95M USD Point-in-time
Goodwill Goodwill $13.68M USD Point-in-time
Total Assets Assets $1.22B USD Point-in-time
Total Assets Assets $1.29B USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $107.11M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $107.34M USD Point-in-time
Accrued distributor termination fees AccruedProfessionalFeesCurrent $1.06M USD Point-in-time
Accrued distributor termination fees AccruedProfessionalFeesCurrent $3.99M USD Point-in-time
Accrued promotional allowance AccruedPromotionalAllowance $35.98M USD Point-in-time
Accrued promotional allowance AccruedPromotionalAllowance $68.22M USD Point-in-time
Lease liability obligation-operating leases OperatingLeaseLiabilityCurrent $661.00K USD Point-in-time
Lease liability obligation-operating leases OperatingLeaseLiabilityCurrent $605.00K USD Point-in-time
Lease liability obligation-finance leases FinanceLeaseLiabilityCurrent $70.00K USD Point-in-time
Lease liability obligation-finance leases FinanceLeaseLiabilityCurrent $69.00K USD Point-in-time
Deferred revenue-current DeferredRevenueCurrent $9.68M USD Point-in-time
Deferred revenue-current DeferredRevenueCurrent $9.56M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $5.09M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $3.59M USD Point-in-time
Total current liabilities LiabilitiesCurrent $191.73M USD Point-in-time
Total current liabilities LiabilitiesCurrent $161.29M USD Point-in-time
Lease liability obligation-operating leases OperatingLeaseLiabilityNoncurrent $336.00K USD Point-in-time
Lease liability obligation-operating leases OperatingLeaseLiabilityNoncurrent $326.00K USD Point-in-time
Lease liability obligation-finance leases FinanceLeaseLiabilityNoncurrent $156.00K USD Point-in-time
Lease liability obligation-finance leases FinanceLeaseLiabilityNoncurrent $162.00K USD Point-in-time
Deferred tax liability DeferredIncomeTaxLiabilities $15.92M USD Point-in-time
Deferred tax liability DeferredIncomeTaxLiabilities $19.25M USD Point-in-time
Deferred revenue-non-current OtherLiabilitiesAndDeferredRevenueNoncurrent $179.79M USD Point-in-time
Deferred revenue-non-current OtherLiabilitiesAndDeferredRevenueNoncurrent $175.28M USD Point-in-time
Total Liabilities Liabilities $386.75M USD Point-in-time
Total Liabilities Liabilities $357.49M USD Point-in-time
Commitment and contingencies (Note 19) CommitmentsAndContingencies - USD Point-in-time
Commitment and contingencies (Note 19) CommitmentsAndContingencies - USD Point-in-time
Series A convertible preferred shares, $0.001 par value, 5% cumulative dividends; 1,467 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively, aggregate liquidation preference of $550,000 as of March 31, 2023 and December 31, 2022, respectively TemporaryEquityCarryingAmountAttributableToParent $824.49M USD Point-in-time
Series A convertible preferred shares, $0.001 par value, 5% cumulative dividends; 1,467 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively, aggregate liquidation preference of $550,000 as of March 31, 2023 and December 31, 2022, respectively TemporaryEquityCarryingAmountAttributableToParent $824.49M USD Point-in-time
Common stock, $0.001 par value; 100,000 shares authorized, 76,782 and 76,382 shares issued and outstanding at March 31, 2023 and December 31, 2022,respectively CommonStockValue $77.00K USD Point-in-time
Common stock, $0.001 par value; 100,000 shares authorized, 76,782 and 76,382 shares issued and outstanding at March 31, 2023 and December 31, 2022,respectively CommonStockValue $76.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $279.87M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $280.67M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.29M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.88M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-197.63M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-238.77M USD Point-in-time
Total Stockholders Equity StockholdersEquity $40.09M USD Point-in-time
Total Stockholders Equity StockholdersEquity $217.05M USD Point-in-time
Total Stockholders Equity StockholdersEquity $81.03M USD Point-in-time
Total Stockholders Equity StockholdersEquity $228.35M USD Point-in-time
Total Liabilities, Mezzanine Equity and Stockholders' Equity LiabilitiesAndStockholdersEquity $1.22B USD Point-in-time
Total Liabilities, Mezzanine Equity and Stockholders' Equity LiabilitiesAndStockholdersEquity $1.29B USD Point-in-time
Income Statement 40 line items
Line Item Tag Value Unit Period
Revenues Revenues $259.94M USD 1 Quarter
Revenues Revenues $133.39M USD 1 Quarter
Cost of revenue CostOfRevenue $146.12M USD 1 Quarter
Cost of revenue CostOfRevenue $79.49M USD 1 Quarter
Gross profit GrossProfit $53.89M USD 1 Quarter
Gross profit GrossProfit $113.82M USD 1 Quarter
Selling, general and administrative expenses GeneralAndAdministrativeExpense $68.91M USD 1 Quarter
Selling, general and administrative expenses GeneralAndAdministrativeExpense $43.78M USD 1 Quarter
Income from operations OperatingIncomeLoss $44.91M USD 1 Quarter
Income from operations OperatingIncomeLoss $10.12M USD 1 Quarter
Interest income on note receivable InterestAndDividendIncomeOperating $78.00K USD 1 Quarter
Interest income on note receivable InterestAndDividendIncomeOperating $45.00K USD 1 Quarter
Interest income (expense), net InterestIncomeExpenseNet $-2.00K USD 1 Quarter
Interest income (expense), net InterestIncomeExpenseNet $4.92M USD 1 Quarter
Foreign exchange loss ForeignCurrencyTransactionGainLossBeforeTax $-162.00K USD 1 Quarter
Foreign exchange loss ForeignCurrencyTransactionGainLossBeforeTax $-118.00K USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpense $4.85M USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpense $-86.00K USD 1 Quarter
Net income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $10.03M USD 1 Quarter
Net income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $49.76M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $8.54M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $3.35M USD 1 Quarter
Net income NetIncomeLoss $41.23M USD 1 Quarter
Net income NetIncomeLoss $6.68M USD 1 Quarter
Less: dividends on Series A convertible preferred shares PreferredStockDividendsIncomeStatementImpact $6.78M USD 1 Quarter
Less: dividends on Series A convertible preferred shares PreferredStockDividendsIncomeStatementImpact - USD 1 Quarter
Net income attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $34.45M USD 1 Quarter
Net income attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $6.68M USD 1 Quarter
Foreign currency translation gain (loss) OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-491.00K USD 1 Quarter
Foreign currency translation gain (loss) OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $594.00K USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $6.19M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $35.04M USD 1 Quarter
Basic EarningsPerShareBasic $0.41 USD 1 Quarter
Basic EarningsPerShareBasic $0.09 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.40 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.09 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 76.67M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 75.24M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 78.29M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 78.76M shares 1 Quarter
Cash Flow Statement 70 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $41.23M USD 1 Quarter
Net loss NetIncomeLoss $6.68M USD 1 Quarter
Depreciation Depreciation $404.00K USD 1 Quarter
Depreciation Depreciation $245.00K USD 1 Quarter
Amortization AdjustmentForAmortization $141.00K USD 1 Quarter
Amortization AdjustmentForAmortization $145.00K USD 1 Quarter
Allowance for credit losses ProvisionForDoubtfulAccounts $455.00K USD 1 Quarter
Allowance for credit losses ProvisionForDoubtfulAccounts $837.00K USD 1 Quarter
Amortization of deferred other costs AmortizationOfDeferredOtherCosts - USD 1 Quarter
Amortization of deferred other costs AmortizationOfDeferredOtherCosts $3.53M USD 1 Quarter
Inventory excess and obsolescence InventoryAllowanceForExcessAndObsoleteProducts $-2.60M USD 1 Quarter
Inventory excess and obsolescence InventoryAllowanceForExcessAndObsoleteProducts $-1.67M USD 1 Quarter
Share-based payment expense ShareBasedCompensation $4.31M USD 1 Quarter
Share-based payment expense ShareBasedCompensation $5.51M USD 1 Quarter
Deferred income taxes DeferredTaxLiabilitynet $2.56M USD 1 Quarter
Deferred income taxes DeferredTaxLiabilitynet $2.87M USD 1 Quarter
Foreign exchange loss ForeignCurrencyTransactionGainLossUnrealized $-85.00K USD 1 Quarter
Foreign exchange loss ForeignCurrencyTransactionGainLossUnrealized $-69.00K USD 1 Quarter
Accounts receivable-net IncreaseDecreaseInAccountsReceivable $34.42M USD 1 Quarter
Accounts receivable-net IncreaseDecreaseInAccountsReceivable $109.64M USD 1 Quarter
Inventory-net IncreaseDecreaseInInventories $-4.53M USD 1 Quarter
Inventory-net IncreaseDecreaseInInventories $-17.34M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-3.51M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $4.17M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $5.55M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $182.00K USD 1 Quarter
Accrued promotional allowance IncreaseDecreaseInAccruedPromotionalAllowance $32.25M USD 1 Quarter
Accrued promotional allowance IncreaseDecreaseInAccruedPromotionalAllowance $12.19M USD 1 Quarter
Accrued distributor termination fees IncreaseDecreaseInAccruedDistributorTerminationsFees $-2.92M USD 1 Quarter
Accrued distributor termination fees IncreaseDecreaseInAccruedDistributorTerminationsFees - USD 1 Quarter
Other current liabilities IncreaseDecreaseInDeferredRevenueAndOtherCurrentLiabilities $765.00K USD 1 Quarter
Other current liabilities IncreaseDecreaseInDeferredRevenueAndOtherCurrentLiabilities $1.51M USD 1 Quarter
Change in right of use and lease obligation-net ChangeInRightToUseAndLeaseObligationnet $-15.00K USD 1 Quarter
Change in right of use and lease obligation-net ChangeInRightToUseAndLeaseObligationnet $-78.00K USD 1 Quarter
Deferred revenue IncreaseDecreaseInOtherNoncurrentLiabilities $-4.62M USD 1 Quarter
Deferred revenue IncreaseDecreaseInOtherNoncurrentLiabilities - USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $4.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets - USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivities $9.12M USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivities $-13.83M USD 1 Quarter
Proceeds from note receivable ProceedsFromSaleOfNotesReceivable $3.23M USD 1 Quarter
Proceeds from note receivable ProceedsFromSaleOfNotesReceivable - USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $2.25M USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $742.00K USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-742.00K USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $980.00K USD 1 Quarter
Principal payments on finance lease obligations FinanceLeasePrincipalPayments $11.00K USD 1 Quarter
Principal payments on finance lease obligations FinanceLeasePrincipalPayments $20.00K USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $810.00K USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $478.00K USD 1 Quarter
Dividends paid on preferred shares PaymentsOfDividendsPreferredStockAndPreferenceStock - USD 1 Quarter
Dividends paid on preferred shares PaymentsOfDividendsPreferredStockAndPreferenceStock $6.78M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $790.00K USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-6.31M USD 1 Quarter
Effect on exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $104.00K USD 1 Quarter
Effect on exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $-181.00K USD 1 Quarter
Net (decrease) increase in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $9.28M USD 1 Quarter
Net (decrease) increase in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-19.35M USD 1 Quarter
Cash, cash equivalents and restricted cash at beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $25.53M USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $652.93M USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $16.25M USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $633.58M USD Point-in-time
Cash, cash equivalents and restricted cash at end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $25.53M USD Point-in-time
Cash, cash equivalents and restricted cash at end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $652.93M USD Point-in-time
Cash, cash equivalents and restricted cash at end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $16.25M USD Point-in-time
Cash, cash equivalents and restricted cash at end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $633.58M USD Point-in-time
Taxes TaxesOther $408.00K USD 1 Quarter
Taxes TaxesOther - USD 1 Quarter
Interest InterestPaidNet $2.00K USD 1 Quarter
Interest InterestPaidNet - USD 1 Quarter
Stockholders Equity 19 line items
Line Item Tag Value Unit Period
Beginning balance, value StockholdersEquity $40.09M USD Point-in-time
Beginning balance, value StockholdersEquity $217.05M USD Point-in-time
Beginning balance, value StockholdersEquity $81.03M USD Point-in-time
Beginning balance, value StockholdersEquity $228.35M USD Point-in-time
Adoption of accounting standard AdoptionOfAccountingStandard $-82.00K USD 1 Quarter
Share-based expense StockOptionPlanExpense $4.31M USD 1 Quarter
Share-based expense StockOptionPlanExpense $5.51M USD 1 Quarter
Issuance of common stock pursuant to exercise of stock options - Cashless IssuanceOfCommonStockPursuantToExerciseOfStockOptionsCashless $1.00K USD 1 Quarter
Issuance of common stock pursuant to exercise of stock options - Cash StockIssuedDuringPeriodValueStockOptionsExercised $810.00K USD 1 Quarter
Issuance of common stock pursuant to exercise of stock options - Cash StockIssuedDuringPeriodValueStockOptionsExercised $478.00K USD 1 Quarter
Dividends paid to Series A convertible preferred shares DividendsPreferredStockCash $6.78M USD 1 Quarter
Foreign currency translation TemporaryEquityForeignCurrencyTranslationAdjustments $-491.00K USD 1 Quarter
Foreign currency translation TemporaryEquityForeignCurrencyTranslationAdjustments $594.00K USD 1 Quarter
Net income ProfitLoss $41.23M USD 1 Quarter
Net income ProfitLoss $6.68M USD 1 Quarter
Ending balance, value StockholdersEquity $40.09M USD Point-in-time
Ending balance, value StockholdersEquity $217.05M USD Point-in-time
Ending balance, value StockholdersEquity $81.03M USD Point-in-time
Ending balance, value StockholdersEquity $228.35M USD Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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