Company: CELH
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001341766-25-000104
Chunk: 9

Company: Celsius Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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 information and notes required by U.S. GAAP for annual audited condensed consolidated financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. The results for the three and six months ended June 30, 2025 are not necessarily indicative of the results expected for any future period or the full year. These unaudited condensed consolidated financial statements have been prepared on a basis that is substantially consistent with the accounting principles applied in the Company's Annual Report on Form 10-K (the “2024 Annual Report”) for the fiscal year ended December 31, 2024, as filed by the Company with the Securities and Exchange Commission (the "SEC"). These condensed consolidated financial statements and the accompanying notes should be read in conjunction with the 2024 Annual Report.

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Celsius Holdings, Inc.Notes to the Condensed Consolidated Financial Statements (Unaudited)June 30, 2025(Tabular dollars in thousands, except per share amounts)

Certain prior period amounts have been reclassified to conform to the current period's presentation in the condensed consolidated financial statements and accompanying notes. These reclassifications were made for consistency with current period presentation and had no effect on operating results.Line Items – As Previously ReportedLine Item – As ReclassifiedBalance SheetsRight of use assets-operating leasesOther long-term assetsRight of use assets-finance leases-netOther long-term assetsLease liability operating leases (previously presented in current liabilities)Other current liabilitiesLease liability finance leases (previously presented in current liabilities)Other current liabilitiesLease liability operating leases (previously presented in non-current liabilities)Other long term liabilitiesLease liability finance leases (previously presented in non-current liabilities)Other long term liabilitiesDeferred tax liability Other long term liabilitiesIntangibles-netCustomer relationships-netIntangibles-netBrands-netStatements of Operations and Comprehensive IncomeForeign exchange loss Other, netStatements of Cash Flows Loss on disposal of property and equipment Other operating activitiesForeign exchange loss Other operating activitiesChange in right of use and lease obligation-net Other long-term liabilitiesAccrued distributor termination fees Accrued expensesProceeds from exercise of stock optionsOther financing activitiesPrincipal payments on finance and lease obligationsOther financing activitiesPrinciples of Consolidation — These condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in accordance with U.S. GAAP.Business Combinations — The Company accounts for business combinations in accordance with Accounting Standards Codification (“ASC