Quarterly Financial Data |
18. QUARTERLY FINANCIAL DATA (UNAUDITED) The following table contains selected quarterly data for 2022 and 2021. The information should be read in conjunction with the Company’s financial statements and related notes included elsewhere in this Annual Report on Form 10-K. The Company believes that the following information reflects all normal recurring adjustments necessary for a fair presentation of the information for the periods presented. The operating results for any quarter are not necessarily indicative of results for any future period.
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First Quarter |
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Second Quarter |
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Third Quarter |
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Fourth Quarter |
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Full Year |
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(in thousands) |
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2022 |
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Net Sales |
$ |
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242,600 |
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$ |
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254,311 |
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$ |
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261,194 |
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$ |
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259,270 |
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$ |
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1,017,375 |
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Income (loss) from operations |
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54,552 |
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62,263 |
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48,761 |
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(44,512 |
) |
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121,064 |
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Net Income (loss) attributable to Green Thumb Industries Inc. |
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28,939 |
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24,437 |
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9,829 |
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(51,227 |
) |
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11,978 |
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Net Income (loss) per share – basic |
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0.12 |
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0.11 |
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0.04 |
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(0.22 |
) |
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0.05 |
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Net Income (loss) per share – diluted |
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0.12 |
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0.10 |
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0.04 |
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(0.22 |
) |
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0.05 |
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Weighted average number of common shares outstanding - basic |
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235,838,947 |
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236,783,625 |
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237,002,873 |
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237,208,543 |
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236,713,056 |
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Weighted average number of common shares outstanding - diluted |
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238,225,420 |
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237,762,903 |
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237,804,799 |
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237,208,543 |
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238,080,030 |
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First Quarter |
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Second Quarter |
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Third Quarter |
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Fourth Quarter |
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Full Year |
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(in thousands) |
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2021 |
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Net Sales |
$ |
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194,431 |
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$ |
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221,872 |
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$ |
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233,677 |
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$ |
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243,580 |
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$ |
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893,560 |
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Income from operations |
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51,534 |
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50,855 |
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58,069 |
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54,384 |
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214,842 |
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Net Income attributable to Green Thumb Industries Inc. |
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10,369 |
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22,052 |
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20,209 |
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22,806 |
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75,436 |
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Net Income per share - basic |
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0.05 |
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0.10 |
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0.09 |
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0.10 |
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0.34 |
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Net Income per share - diluted |
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0.05 |
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0.10 |
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0.08 |
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0.10 |
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0.33 |
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Weighted average number of common shares outstanding - basic |
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216,210,429 |
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220,323,622 |
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226,529,671 |
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230,916,901 |
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223,192,326 |
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Weighted average number of common shares outstanding - diluted |
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221,616,157 |
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224,843,155 |
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230,879,437 |
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233,927,531 |
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226,758,882 |
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