Company: CELH
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001341766-25-000080
Chunk: 57

Company: Celsius Holdings, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 57
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PART I – FINANCIAL INFORMATION

Item 1. Financial Statements

Celsius Holdings, Inc.

Condensed Consolidated Balance Sheets

(in thousands, except share and per share amounts)

 (Unaudited)March 31, 2025December 31, 2024ASSETSCurrent assets:Cash and cash equivalents$977,285 $890,190 Accounts and note receivable-net[1]256,424 270,342 Inventories-net141,159 131,165 Deferred other costs-current[2]14,124 14,124 Prepaid expenses and other current assets22,464 18,759 Total current assets1,411,456 1,324,580 Property, plant and equipment-net58,698 55,602 Right of use assets-operating leases20,866 21,606 Intangibles-net12,444 12,213 Goodwill72,128 71,582 Deferred other costs-non-current[2]230,684 234,215 Deferred tax assets38,525 38,699 Other long-term assets14,717 8,384 Total Assets$1,859,518 $1,766,881 LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITYCurrent liabilities:Accounts payable[3]$61,052 $41,287 Accrued expenses[4]152,046 148,780 Income taxes payable26,206 10,834 Accrued promotional allowance[5]151,327 135,948 Lease liability operating leases3,550 3,265 Deferred revenue[2]9,513 9,513 Other current liabilities14,160 15,908 Total current liabilities417,854 365,535 Lease liability operating leases16,152 16,674 Deferred revenue[2]155,336 157,714 Other long term liabilities2,574 2,541 Total Liabilities591,916 542,464 Commitments and contingencies (Note 14)Mezzanine equity:Series A convertible preferred stock, $0.001 par value, 5% cumulative dividends; 1,466,666 shares issued and outstanding at March 31, 2025 and December 31, 2024, aggregate liquidation preference of $550,000 as of March 31, 2025