MEDMEN ENTERPRISES INC.: 10-Q filed 2021-02-16

Name: MEDMEN ENTERPRISES INC.: 10-Q filed 2021-02-16
Creator: MEDMEN ENTERPRISES INC.

What MEDMEN ENTERPRISES INC. reported in its quarterly report filed 2021-02-16 (fiscal Q2 2021): 40 published measures, 113 facts as tagged in accession 0001477932-21-000901.

This filing

Form: 10-Q (quarterly report)
Filed: 2021-02-16
Fiscal period: fiscal Q2 2021
Accession: 0001477932-21-000901 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All MEDMEN ENTERPRISES INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2020-12-26	503,565,094	USD
At 2020-06-27	574,263,604	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2020-12-26	750,472,092	USD
At 2020-06-27	751,152,054	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2020-12-26	-246,906,998	USD
At 2020-06-28	-176,888,450	USD
At 2020-06-27	-176,888,450	USD
At 2019-12-28	148,906,963	USD
At 2019-06-29	211,270,775	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2020-12-26	7,549,841	USD
At 2020-06-27	10,093,925	USD
At 2019-12-28	26,000,362	USD
At 2019-06-28	33,226,370	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2020-09-28 to 2020-12-26	-68,860,939	USD	90
2020-06-29 to 2020-12-26	-101,708,342	USD	181
2019-09-29 to 2019-12-28	-93,247,825	USD	91
2019-06-30 to 2019-12-28	-156,046,499	USD	182
2019-06-29 to 2019-12-28	-156,046,499	USD	183

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2020-06-29 to 2020-12-26	-29,695,343	USD	181
2019-06-29 to 2019-12-28	-69,680,677	USD	183

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2020-06-29 to 2020-12-26	1,490,447	USD	181
2019-06-29 to 2019-12-28	48,295,906	USD	183

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2020-09-28 to 2020-12-26	33,775,662	USD	90
2020-06-29 to 2020-12-26	69,401,630	USD	181
2019-09-29 to 2019-12-28	44,065,882	USD	91
2019-06-29 to 2019-12-28	83,735,878	USD	183

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2020-06-29 to 2020-12-26	11,777,184	USD	181
2019-06-29 to 2019-12-28	88,909,002	USD	183

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2020-06-29 to 2020-12-26	15,374,075	USD	181
2019-06-29 to 2019-12-28	-26,454,333	USD	183

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2020-12-26	-674,420,245	USD
At 2020-06-27	-631,365,866	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2020-09-28 to 2020-12-26	482,903,106	shares	90
2020-07-01 to 2020-12-26	452,806,117	shares	179
2019-09-29 to 2019-12-28	220,467,070	shares	91
2019-06-29 to 2019-12-28	196,211,921	shares	183

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2020-09-28 to 2020-12-26	23,970,469	USD	90
2020-06-29 to 2020-12-26	34,309,031	USD	181
2019-09-29 to 2019-12-28	-14,649,487	USD	91
2019-06-29 to 2019-12-28	-32,310,218	USD	183

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2020-12-26	152,427,173	USD
At 2020-06-27	174,547,867	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2020-06-29 to 2020-12-26	3,800,858	USD	181
2019-06-29 to 2019-12-28	9,512,324	USD	183

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2020-09-28 to 2020-12-26	-26,411,128	USD	90
2020-06-29 to 2020-12-26	-34,484,449	USD	181
2019-09-29 to 2019-12-28	-68,665,902	USD	91
2019-06-29 to 2019-12-28	-120,221,728	USD	183

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2020-12-26	68,321,694	USD
At 2020-06-27	84,043,732	USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2020-12-26	220,443,325	USD
At 2020-06-27	189,214,893	USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit	Days
At 2020-12-26	33,861,150	USD
At 2020-06-27	33,861,150	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2020-09-28 to 2020-12-26	44,354,733	USD	90
2020-06-29 to 2020-12-26	69,252,112	USD	181
2019-09-29 to 2019-12-28	81,492,875	USD	91
2019-06-29 to 2019-12-28	152,440,877	USD	183

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2020-12-26	25,495,872	USD
At 2020-06-27	22,638,120	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2020-09-28 to 2020-12-26	17,943,605	USD	90
2020-06-29 to 2020-12-26	34,767,663	USD	181
2019-09-29 to 2019-12-28	12,826,973	USD	91
2019-06-29 to 2019-12-28	32,219,149	USD	183

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2020-09-28 to 2020-12-26	15,832,057	USD	90
2020-06-29 to 2020-12-26	34,633,967	USD	181
2019-09-29 to 2019-12-28	31,238,909	USD	91
2019-06-29 to 2019-12-28	51,516,729	USD	183

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit
At 2020-12-26	840,119,302	USD
At 2020-09-16	405,480	USD
At 2020-06-27	791,172,613	USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

Period	Value	Unit	Days
At 2020-12-26	165,699,057	USD
At 2020-06-27	159,889,247	USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

Period	Value	Unit	Days
At 2020-12-26	98,236,694	USD
At 2020-06-27	116,354,828	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2020-12-26	42,847,756	USD
At 2020-06-27	35,612,135	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2020-12-26	133,580,466	USD
At 2020-06-27	148,081,030	USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2020-12-26	17,137,917	USD
At 2020-06-27	17,374,997	USD

Other noncurrent liabilities

Noncurrent liabilities the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2020-12-26	3,932,218	USD
At 2020-06-27	4,215,533	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2020-09-28 to 2020-12-26	-46,092,236	USD	90
2020-07-01 to 2020-12-26	-65,918,902	USD	179
2019-09-29 to 2019-12-28	-71,051,659	USD	91
2019-06-29 to 2019-12-28	-148,430,669	USD	183

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2020-09-28 to 2020-12-26	33,568,436	USD	90
2020-06-29 to 2020-12-26	65,252,040	USD	181
2019-09-29 to 2019-12-28	60,318,947	USD	91
2019-06-29 to 2019-12-28	114,413,896	USD	183

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2020-09-28 to 2020-12-26	9,705,254	USD	90
2020-06-29 to 2020-12-26	18,330,962	USD	181
2019-09-29 to 2019-12-28	6,643,252	USD	91
2019-06-29 to 2019-12-28	16,127,433	USD	183

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

Period	Value	Unit	Days
2020-09-28 to 2020-12-26	19,681,108	USD	90
2020-06-29 to 2020-12-26	31,434,453	USD	181
2019-09-29 to 2019-12-28	2,385,757	USD	91
2019-06-29 to 2019-12-28	28,208,941	USD	183

Current income tax expense or benefit

Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.

Period	Value	Unit	Days
2020-09-28 to 2020-12-26	-23,970,469	USD	90
2020-07-01 to 2020-12-26	-34,309,031	USD	179
2019-09-29 to 2019-12-28	14,649,487	USD	91
2019-06-29 to 2019-12-28	32,310,218	USD	183

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2020-06-29 to 2020-12-26	4,542,208	USD	181
2019-06-29 to 2019-12-28	4,204,613	USD	183

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

Period	Value	Unit	Days
2020-06-29 to 2020-12-26	-16,077,196	USD	181
2019-06-29 to 2019-12-28	-17,329,775	USD	183

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2020-06-29 to 2020-12-26	4,997,688	USD	181
2019-06-29 to 2019-12-28	39,897,922	USD	183

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2020-06-29 to 2020-12-26	-2,857,752	USD	181
2019-06-29 to 2019-12-28	-9,441,420	USD	183

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2020-06-29 to 2020-12-26	10,429,797	USD	181
2019-06-29 to 2019-12-28	32,182,825	USD	183

Inspect the source

Entity: MEDMEN ENTERPRISES INC. / CIK 0001776932
Captured: 2026-09-22 19:55 UTC
SEC response SHA-256: 777a7a6dee29f15ece0f190f0e8b03fe44f647172fc491bbf10158f1a47ccf2b

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

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import json
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with urlopen("https://canlicapital.com/company-data/0001776932.json") as response:
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print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
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