GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Acreage Holdings Inc (OTCPK:ACRGF) » Definitions » Net Income

Acreage Holdings (Acreage Holdings) Net Income : $-69.1 Mil (TTM As of Dec. 2023)


View and export this data going back to 2018. Start your Free Trial

What is Acreage Holdings Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Acreage Holdings's Net Income for the three months ended in Dec. 2023 was $-30.7 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-69.1 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Acreage Holdings's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $-0.31.


Acreage Holdings Net Income Historical Data

The historical data trend for Acreage Holdings's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Acreage Holdings Net Income Chart

Acreage Holdings Annual Data
Trend Aug17 Aug18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial -150.27 -286.59 -63.01 -139.88 -69.09

Acreage Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -95.04 -14.59 -16.16 -7.63 -30.72

Acreage Holdings Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Acreage Holdings's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-52.822+-25.141+0+8.871
=-69.1

Acreage Holdings's Net Income for the quarter that ended in Dec. 2023 is calculated as

Net Income(Q: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-30.329+-5.378+0+4.986
=-30.7

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-69.1 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Acreage Holdings  (OTCPK:ACRGF) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Acreage Holdings's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Acreage Holdings Net Income Related Terms

Thank you for viewing the detailed overview of Acreage Holdings's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Acreage Holdings (Acreage Holdings) Business Description

Address
450 Lexington Avenue, Suite 3308, New York, NY, USA, 10163
Acreage Holdings Inc is a vertically integrated, multi-state operator in the cannabis industry. Its business operations include cultivating, processing, distributing, and retailing cannabis. The Company derives its revenues from its retail dispensary business, where cannabis and cannabis-infused products are sold to consumers. Its geographic segments include New England, Mid-Atlantic, Midwest, West, and South. The Company operates under one operating segment, which is: the production and sale of cannabis products.

Acreage Holdings (Acreage Holdings) Headlines

From GuruFocus

Acreage Announces Leadership Transition of Chief Executive Officer

By sperokesalga sperokesalga 06-02-2023

Acreage Announces Social Equity Partnership in Connecticut

By GuruFocusNews GuruFocusNews 05-26-2022

Acreage Announces Fourth Quarter and Full Year 2022 Earnings Date

By sperokesalga sperokesalga 03-01-2023

Acreage Announces Update to Senior Management Team

By sperokesalga sperokesalga 05-09-2023

Acreage Further Streamlines Board of Directors

By Marketwired 08-04-2023

Acreage Announces Second Quarter 2022 Earnings Date

By PurpleRose PurpleRose 07-26-2022

Acreage Announces Social Equity Partnership in Connecticut

By GuruFocusNews GuruFocusNews 05-16-2022