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MEDMEN ENTERPRISES INC.: 10-Q filed 2023-07-10

What MEDMEN ENTERPRISES INC. reported in its quarterly report filed 2023-07-10 (fiscal Q3 2023): 41 published measures, 142 facts as tagged in accession 0001776932-23-000015.

This filing

Form
10-Q (quarterly report)
Filed
2023-07-10
Fiscal period
fiscal Q3 2023
Accession
0001776932-23-000015 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.

PeriodValueUnitDays
At 2023-03-25215,587,114USD
At 2022-06-25320,670,241USD

Total liabilities

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

PeriodValueUnitDays
At 2023-03-25572,975,545USD
At 2022-06-25635,752,690USD

Stockholders equity

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

PeriodValueUnitDays
At 2023-03-25122,356,195USD
At 2022-12-24150,684,454USD
At 2022-09-24165,357,304USD
At 2022-06-25159,929,574USD

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.

PeriodValueUnitDays
At 2023-03-257,625,642USD
At 2022-06-2511,459,990USD

Net income or loss

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

PeriodValueUnitDays
2022-12-25 to 2023-03-25-31,486,975USD91
2022-06-26 to 2023-03-25-43,709,457USD273
2022-06-26 to 2022-12-24-12,222,481USD182
2022-06-26 to 2022-09-244,564,045USD91
2021-12-26 to 2022-03-26-29,746,802USD91
2021-06-27 to 2022-03-26-104,103,635USD273

Operating cash flow

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

PeriodValueUnitDays
2022-06-26 to 2023-03-25-23,172,642USD273
2021-06-27 to 2022-03-26-65,355,273USD273

Revenue

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

PeriodValueUnitDays
2022-12-25 to 2023-03-2527,224,670USD91
2022-06-26 to 2023-03-2586,812,823USD273
2022-06-26 to 2022-12-2459,588,153USD182
2021-12-26 to 2022-03-2635,249,258USD91
2021-06-27 to 2022-03-26107,502,399USD273

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

PeriodValueUnitDays
2022-12-25 to 2023-03-2529,073,815USD91
2022-06-26 to 2023-03-2594,573,895USD273
2021-12-26 to 2022-03-2642,550,659USD91
2021-06-27 to 2022-03-26130,209,164USD273

Financing cash flow

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

PeriodValueUnitDays
2022-06-26 to 2023-03-25-32,751,472USD273
2021-06-27 to 2022-03-2673,159,210USD273

Investing cash flow

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

PeriodValueUnitDays
2022-06-26 to 2023-03-2551,422,129USD273
2021-06-27 to 2022-03-26-4,702,148USD273

Retained earnings or deficit

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

PeriodValueUnitDays
At 2023-03-25-941,143,491USD
At 2022-12-24-909,552,177USD
At 2022-09-24-892,750,572USD
At 2022-06-25-897,299,299USD

Basic weighted-average shares

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

PeriodValueUnitDays
2022-12-25 to 2023-03-251,340,935,140shares91
2022-06-26 to 2023-03-251,314,823,152shares273
2021-12-26 to 2022-03-261,202,452,775shares91
2021-06-27 to 2022-03-261,114,554,702shares273

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

PeriodValueUnitDays
2022-12-25 to 2023-03-251,340,935,140shares91
2022-06-26 to 2023-03-252,894,966,858shares273
2021-12-26 to 2022-03-261,202,452,775shares91
2021-06-27 to 2022-03-261,114,554,702shares273

Income tax expense or benefit

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

PeriodValueUnitDays
2022-12-25 to 2023-03-25-5,367,411USD91
2022-06-26 to 2023-03-251,385,475USD273
2021-12-26 to 2022-03-261,471USD91
2021-06-27 to 2022-03-2611,555,481USD273

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.

PeriodValueUnitDays
2022-06-26 to 2023-03-254,017,280USD273
2021-06-27 to 2022-03-264,384,287USD273

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.

PeriodValueUnitDays
2022-12-25 to 2023-03-25-23,929,518USD91
2022-06-26 to 2023-03-25-37,046,124USD273
2022-06-26 to 2022-12-24-13,116,607USD182
2022-06-26 to 2022-09-24-5,000,334USD91
2021-12-26 to 2022-03-26-20,089,690USD91
2021-06-27 to 2022-03-26-65,533,348USD273

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.

PeriodValueUnitDays
At 2023-03-2591,077,096USD
At 2022-06-25160,323,482USD

Current liabilities

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

PeriodValueUnitDays
At 2023-03-25474,280,989USD
At 2022-06-25313,574,449USD

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.

PeriodValueUnitDays
At 2023-03-259,810,049USD
At 2022-06-259,810,049USD

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.

PeriodValueUnitDays
2022-12-25 to 2023-03-2537,077,150USD91
2022-06-26 to 2023-03-2576,472,536USD273
2022-06-26 to 2022-12-2439,395,387USD182
2022-06-26 to 2022-09-2419,856,710USD91
2021-12-26 to 2022-03-2637,298,085USD91
2021-06-27 to 2022-03-26118,007,818USD273

Net inventory

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

PeriodValueUnitDays
At 2023-03-2514,668,577USD
At 2022-06-2510,010,731USD

Gross profit

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

PeriodValueUnitDays
2022-12-25 to 2023-03-2513,147,632USD91
2022-06-26 to 2023-03-2539,426,412USD273
2022-06-26 to 2022-12-2426,278,780USD182
2021-12-26 to 2022-03-2617,208,395USD91
2021-06-27 to 2022-03-2652,474,470USD273

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.

PeriodValueUnitDays
2022-12-25 to 2023-03-2514,077,038USD91
2022-06-26 to 2023-03-2547,386,411USD273
2022-06-26 to 2022-12-2433,309,373USD182
2021-12-26 to 2022-03-2618,040,863USD91
2021-06-27 to 2022-03-2655,027,929USD273

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

PeriodValueUnitDays
At 2023-03-257,625,640USD
At 2022-06-2511,459,990USD
At 2022-03-2614,411,657USD
At 2021-06-2611,575,139USD

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.

PeriodValueUnitDays
At 2023-03-251,063,499,686USD
At 2022-06-251,057,228,873USD

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.

PeriodValueUnitDays
At 2023-03-25-357,388,431USD
At 2022-12-24-325,459,777USD
At 2022-09-24-309,682,099USD
At 2022-06-25-315,082,449USD
At 2022-03-26-247,142,743USD
At 2021-12-25-219,330,021USD
At 2021-09-25-201,040,731USD
At 2021-06-26-253,633,619USD

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.

PeriodValueUnitDays
At 2023-03-2526,024,281USD
At 2022-06-2542,869,004USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

PeriodValueUnitDays
At 2023-03-2553,060,388USD

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.

PeriodValueUnitDays
At 2023-03-2538,585,325USD
At 2022-06-2541,347,005USD

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.

PeriodValueUnitDays
At 2023-03-2532,562,022USD
At 2022-06-2540,992,189USD

Other noncurrent assets

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

PeriodValueUnitDays
At 2023-03-253,681,382USD
At 2022-06-255,665,061USD

Other noncurrent liabilities

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

PeriodValueUnitDays
At 2023-03-252,657,306USD
At 2022-06-253,082,277USD

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.

PeriodValueUnitDays
2022-12-25 to 2023-03-25-36,575,737USD91
2022-06-26 to 2023-03-25-69,183,065USD273
2022-06-26 to 2022-12-24-32,607,329USD182
2022-06-26 to 2022-09-24-17,440,549USD91
2021-12-26 to 2022-03-26-19,468,306USD91
2021-06-27 to 2022-03-26-67,725,171USD273

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

PeriodValueUnitDays
2022-12-25 to 2023-03-25-35,087,370USD91
2022-06-26 to 2023-03-25-48,442,059USD273
2022-09-25 to 2022-12-24-17,891,354USD91
2022-06-26 to 2022-12-24-13,354,691USD182
2022-06-26 to 2022-09-244,536,665USD91
2021-12-26 to 2022-03-26-30,041,231USD91
2021-06-27 to 2022-03-26-111,009,241USD273
2021-09-26 to 2021-12-25-20,357,976USD91
2021-06-27 to 2021-09-25-60,610,031USD91

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.

PeriodValueUnitDays
2022-12-25 to 2023-03-2516,747,282USD91
2022-06-26 to 2023-03-2553,650,787USD273
2022-06-26 to 2022-12-2436,903,506USD182
2021-12-26 to 2022-03-2625,703,080USD91
2021-06-27 to 2022-03-2689,645,070USD273

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.

PeriodValueUnitDays
2022-12-25 to 2023-03-253,200,902USD91
2022-06-26 to 2023-03-2510,624,508USD273
2021-12-26 to 2022-03-265,526,094USD91
2021-06-27 to 2022-03-2617,729,576USD273

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

PeriodValueUnitDays
2022-06-26 to 2023-03-2510,701,758USD273
2021-06-27 to 2022-03-2618,226,164USD273

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

PeriodValueUnitDays
2022-12-25 to 2023-03-2512,646,219USD91
2022-06-26 to 2023-03-2532,136,941USD273
2021-12-26 to 2022-03-26-621,384USD91
2021-06-27 to 2022-03-262,191,823USD273

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.

PeriodValueUnitDays
2022-12-25 to 2023-03-255,367,411USD91
2022-06-26 to 2023-03-25-1,385,475USD273
2021-12-26 to 2022-03-26-1,471USD91
2021-06-27 to 2022-03-26-11,555,481USD273

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.

PeriodValueUnitDays
2022-06-26 to 2023-03-259,988,063USD273
2021-06-27 to 2022-03-265,943,000USD273

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.

PeriodValueUnitDays
2022-06-26 to 2023-03-254,657,846USD273
2021-06-27 to 2022-03-26-2,690,193USD273

Inspect the source

Entity
MEDMEN ENTERPRISES INC. / CIK 0001776932
Captured
SEC response SHA-256
777a7a6dee29f15ece0f190f0e8b03fe44f647172fc491bbf10158f1a47ccf2b

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

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001776932.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))