Turning Point Brands (TPB) Financial Statements
Price: $55.88
Market Cap: $992.47M
Avg Volume: 223.68K
Market Cap: $992.47M
Avg Volume: 223.68K
Country: US
Industry: Tobacco
Sector: Consumer Defensive
Industry: Tobacco
Sector: Consumer Defensive
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Turning Point Brands.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $360.66M | $405.39M | $415.01M | $445.47M | $405.11M | $361.99M | $332.68M | $285.78M | $206.23M | $197.26M |
| Cost of Revenue | $159.09M | $202.15M | $209.47M | $227.64M | $215.47M | $225.24M | $190.12M | $160.91M | $105.87M | $100.96M |
| Gross Profit | $201.56M | $203.24M | $205.54M | $217.83M | $189.64M | $136.75M | $142.56M | $124.87M | $100.36M | $96.30M |
| Gross Profit Ratio | 55.89% | 50.13% | 49.53% | 48.90% | 46.81% | 37.78% | 42.85% | 43.69% | 48.66% | 48.82% |
| Research and Development Expenses | $- | $600.00K | $600.00K | $1.10M | $1.30M | $2.50M | $2.50M | $2.30M | $1.80M | $1.40M |
| General and Administrative Expenses | $- | $99.18M | $105.82M | $99.91M | $102.76M | $91.79M | $78.97M | $64.97M | $50.27M | $45.38M |
| Selling and Marketing Expenses | $- | $23.50M | $24.20M | $27.60M | $22.80M | $18.10M | $15.10M | $10.40M | $6.50M | $6.40M |
| Selling General and Administrative Expenses | $122.41M | $123.86M | $130.02M | $127.51M | $125.56M | $109.89M | $94.08M | $75.37M | $56.77M | $51.78M |
| Other Expenses | $-1.67M | $-3.79M | $- | $- | $-989.00K | $4.96M | $-131.00K | $- | $- | $- |
| Operating Expenses | $120.73M | $120.66M | $130.02M | $127.51M | $125.56M | $109.89M | $94.08M | $75.37M | $56.77M | $51.78M |
| Cost and Expenses | $279.83M | $322.82M | $339.50M | $355.15M | $341.04M | $335.13M | $284.20M | $236.28M | $162.64M | $152.75M |
| Interest Income | $- | $- | $27.83M | $427.00K | $198.00K | $2.65M | $267.00K | $- | $- | $- |
| Interest Expense | $13.98M | $14.64M | $19.52M | $20.50M | $20.23M | $17.34M | $15.09M | $16.89M | $26.62M | $34.28M |
| Depreciation and Amortization | $5.66M | $6.36M | $5.27M | $4.84M | $5.39M | $4.45M | $3.11M | $2.33M | $1.28M | $1.06M |
| EBITDA | $84.60M | $82.69M | $40.80M | $90.55M | $67.52M | $37.25M | $60.65M | $46.15M | $45.78M | $45.57M |
| EBITDA Ratio | 23.46% | 20.40% | 9.83% | 20.33% | 16.67% | 10.29% | 18.23% | 16.15% | 22.20% | 23.10% |
| Operating Income | $80.83M | $82.58M | $75.51M | $90.32M | $64.07M | $26.86M | $48.48M | $49.50M | $43.59M | $44.51M |
| Operating Income Ratio | 22.41% | 20.37% | 18.20% | 20.28% | 15.82% | 7.42% | 14.57% | 17.32% | 21.13% | 22.57% |
| Total Other Income Expenses Net | $-15.88M | $-20.89M | $-59.51M | $-25.02M | $-13.92M | $-11.04M | $-16.91M | $-22.75M | $-28.68M | $-34.28M |
| Income Before Tax | $64.96M | $61.68M | $16.01M | $65.30M | $43.06M | $15.82M | $31.57M | $26.93M | $14.91M | $10.23M |
| Income Before Tax Ratio | 18.01% | 15.22% | 3.86% | 14.66% | 10.63% | 4.37% | 9.49% | 9.42% | 7.23% | 5.18% |
| Income Tax Expense | $16.93M | $23.90M | $4.85M | $14.04M | $10.02M | $2.04M | $6.29M | $7.28M | $-12.01M | $1.08M |
| Net Income | $39.81M | $38.46M | $11.64M | $52.06M | $38.19M | $13.77M | $25.29M | $20.21M | $26.91M | $16.68M |
| Net Income Ratio | 11.04% | 9.49% | 2.80% | 11.69% | 9.43% | 3.81% | 7.60% | 7.07% | 13.05% | 8.46% |
| EPS | $2.24 | $2.34 | $0.65 | $2.75 | $1.97 | $0.70 | $1.31 | $1.06 | $1.63 | $0.59 |
| EPS Diluted | $2.06 | $2.01 | $0.64 | $2.52 | $1.85 | $0.69 | $1.28 | $1.04 | $1.49 | $0.55 |
| Weighted Average Shares Outstanding | 17.73M | 17.58M | 17.90M | 18.92M | 19.40M | 19.63M | 19.36M | 18.99M | 16.47M | 15.54M |
| Weighted Average Shares Outstanding Diluted | 19.36M | 20.47M | 18.06M | 22.38M | 22.94M | 20.04M | 19.83M | 19.51M | 18.02M | 16.70M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $46.16M | $117.89M | $106.40M | $128.32M | $41.77M | $95.25M | $3.31M | $2.61M | $2.87M | $4.83M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $46.16M | $117.89M | $106.40M | $128.32M | $41.77M | $95.25M | $3.31M | $2.61M | $2.87M | $4.83M |
| Net Receivables | $24.80M | $29.17M | $8.38M | $6.50M | $9.33M | $6.91M | $2.62M | $3.25M | $2.18M | $3.94M |
| Inventory | $96.25M | $104.67M | $119.92M | $87.61M | $79.75M | $70.98M | $91.24M | $63.30M | $62.19M | $44.34M |
| Other Current Assets | $30.99M | $15.89M | $22.96M | $26.75M | $19.34M | $16.11M | $14.69M | $10.34M | $11.62M | $10.84M |
| Total Current Assets | $198.21M | $267.62M | $256.50M | $249.17M | $157.30M | $189.25M | $111.85M | $79.49M | $78.86M | $63.95M |
| Property Plant Equipment Net | $37.95M | $36.78M | $35.25M | $33.70M | $33.44M | $25.95M | $10.59M | $8.86M | $7.59M | $5.60M |
| Goodwill | $135.93M | $136.25M | $136.25M | $162.33M | $159.62M | $154.28M | $145.94M | $134.62M | $134.39M | $128.70M |
| Intangible Assets | $65.25M | $86.86M | $83.59M | $87.48M | $79.42M | $33.47M | $35.34M | $26.44M | $27.14M | $8.55M |
| Goodwill and Intangible Assets | $201.19M | $223.12M | $219.84M | $249.82M | $239.04M | $187.75M | $181.28M | $161.06M | $161.53M | $137.25M |
| Long Term Investments | $- | $9.15M | $21.20M | $33.65M | $24.02M | $-1.57M | $-1.42M | $1.03M | $139.00K | $31.84M |
| Tax Assets | $995.00K | $1.47M | $9.60M | $1.36M | $-23.38M | $1.57M | $2.29M | $450.00K | $6.29M | $-31.84M |
| Other Non-Current Assets | $55.02M | $31.22M | $29.71M | $33.86M | $58.91M | $43.64M | $34.79M | $31.39M | $30.62M | $41.91M |
| Total Non-Current Assets | $295.15M | $301.74M | $315.61M | $352.39M | $332.04M | $257.33M | $227.52M | $202.78M | $206.16M | $184.77M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $493.35M | $569.36M | $572.11M | $601.56M | $489.33M | $446.58M | $339.38M | $282.28M | $285.02M | $248.72M |
| Account Payables | $11.68M | $8.41M | $8.36M | $7.36M | $9.20M | $14.13M | $6.84M | $3.69M | $9.15M | $4.09M |
| Short Term Debt | $- | $60.97M | $3.10M | $2.98M | $15.23M | $17.46M | $34.00M | $15.85M | $16.68M | $1.67M |
| Tax Payables | $358.00K | $3.82M | $1.87M | $2.05M | $4.33M | $705.00K | $- | $- | $41.57M | $382.00K |
| Deferred Revenue | $- | $- | $8.44M | $29.96M | $35.23M | $- | $- | $- | $- | $- |
| Other Current Liabilities | $32.79M | $27.14M | $28.05M | $27.95M | $27.87M | $23.60M | $22.93M | $18.69M | $-25.84M | $15.00M |
| Total Current Liabilities | $44.82M | $100.34M | $41.38M | $40.34M | $56.63M | $55.89M | $63.77M | $38.23M | $41.57M | $21.52M |
| Long Term Debt | $258.15M | $317.01M | $417.35M | $427.51M | $318.23M | $280.02M | $186.72M | $186.19M | $201.54M | $290.77M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $3.10M | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $4.08M | $1.57M | $2.29M | $- | $- | $6.63M |
| Other Non-Current Liabilities | $- | $- | $- | $- | $-378.00K | $2.52M | $3.98M | $4.53M | $7.85M | $5.15M |
| Total Non-Current Liabilities | $258.15M | $317.01M | $417.35M | $427.51M | $301.87M | $284.11M | $192.99M | $190.72M | $209.40M | $308.81M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $302.97M | $417.35M | $458.73M | $467.84M | $358.49M | $340.00M | $256.75M | $228.95M | $250.96M | $330.33M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $- | $199.00K | $198.00K | $197.00K | $195.00K | $197.00K | $196.00K | $192.00K | $184.00K | $72.00K |
| Retained Earnings | $- | $112.44M | $78.69M | $71.46M | $12.06M | $-15.31M | $-25.50M | $-47.53M | $-66.97M | $-90.80M |
| Accumulated Other Comprehensive Income Loss | $-2.90M | $-2.65M | $-2.39M | $-195.00K | $-2.63M | $-3.77M | $-2.54M | $-2.97M | $-4.05M | $-3.51M |
| Other Total Stockholders Equity | $193.28M | $40.98M | $35.15M | $59.94M | $92.23M | $125.47M | $110.47M | $103.64M | $104.89M | $12.63M |
| Total Stockholders Equity | $190.38M | $150.98M | $111.64M | $131.40M | $126.79M | $106.59M | $82.62M | $53.32M | $34.06M | $-81.61M |
| Total Equity | $192.78M | $152.01M | $113.38M | $133.72M | $130.84M | $106.59M | $82.62M | $53.32M | $34.06M | $-81.61M |
| Total Liabilities and Stockholders Equity | $493.35M | $569.36M | $572.11M | $601.56M | $489.33M | $446.58M | $339.38M | $282.28M | $285.02M | $248.72M |
| Minority Interest | $2.40M | $1.03M | $1.74M | $2.31M | $4.05M | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $493.35M | $569.36M | $572.11M | $601.56M | $489.33M | $446.58M | $339.38M | $282.28M | $285.02M | $248.72M |
| Total Investments | $12.99M | $9.15M | $21.20M | $33.65M | $24.02M | $-1.57M | $-1.42M | $1.03M | $139.00K | $31.84M |
| Total Debt | $258.15M | $377.99M | $417.35M | $427.51M | $306.08M | $295.26M | $220.72M | $202.04M | $218.22M | $298.70M |
| Net Debt | $212.00M | $260.10M | $310.95M | $299.19M | $264.31M | $200.01M | $217.41M | $199.43M | $215.36M | $293.86M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $40.51M | $38.46M | $11.16M | $51.26M | $33.04M | $13.77M | $25.29M | $19.65M | $26.91M | $9.15M |
| Depreciation and Amortization | $5.66M | $6.36M | $5.30M | $5.01M | $5.02M | $4.09M | $3.11M | $2.33M | $1.28M | $1.06M |
| Deferred Income Tax | $519.00K | $7.02M | $-7.67M | $-1.49M | $2.80M | $-4.22M | $2.56M | $5.18M | $-12.72M | $51.00K |
| Stock Based Compensation | $7.24M | $6.56M | $5.27M | $7.56M | $2.55M | $3.63M | $1.41M | $720.00K | $180.00K | $234.00K |
| Change in Working Capital | $- | $11.37M | $-26.53M | $-1.14M | $-10.53M | $21.10M | $-22.62M | $-5.53M | $-5.79M | $2.36M |
| Accounts Receivables | $185.00K | $-1.61M | $-2.10M | $3.32M | $-2.11M | $-3.46M | $824.00K | $-1.07M | $2.07M | $-1.41M |
| Inventory | $-4.77M | $20.98M | $-32.65M | $-9.00K | $-7.65M | $21.04M | $-20.65M | $495.00K | $-12.51M | $2.03M |
| Accounts Payables | $3.69M | $-14.00K | $1.24M | $-2.37M | $-5.06M | $6.61M | $2.52M | $-5.70M | $3.63M | $1.78M |
| Other Working Capital | $- | $-7.98M | $6.99M | $-2.08M | $4.29M | $-3.08M | $-5.32M | $745.00K | $1.02M | $-46.00K |
| Other Non Cash Items | $13.13M | $-2.90M | $42.74M | $7.01M | $10.80M | $-577.00K | $3.33M | $7.34M | $-745.00K | $11.57M |
| Net Cash Provided by Operating Activities | $67.06M | $66.88M | $30.27M | $68.22M | $43.68M | $37.80M | $13.09M | $29.69M | $9.13M | $24.43M |
| Investments in Property Plant and Equipment | $-4.62M | $-5.71M | $-7.68M | $-6.16M | $-6.13M | $-4.82M | $-2.27M | $-2.02M | $-3.21M | $-1.60M |
| Acquisitions Net | $- | $- | $62.00K | $-16.42M | $-39.44M | $-7.70M | $-19.16M | $268.00K | $-23.62M | $2.00K |
| Purchases of Investments | $-11.36M | $-202.00K | $-1.00M | $-16.66M | $-19.25M | $-1.42M | $-2.00M | $-179.00K | $- | $- |
| Sales Maturities of Investments | $5.42M | $- | $-62.00K | $6.16M | $6.13M | $4.82M | $2.27M | $1.60M | $- | $- |
| Other Investing Activities | $51.00K | $3.00K | $-10.11M | $-25.77M | $-6.13M | $25.03M | $-3.51M | $-1.60M | $-29.06M | $-428.00K |
| Net Cash Used for Investing Activities | $-10.51M | $-5.91M | $-18.79M | $-58.84M | $-64.82M | $15.90M | $-24.67M | $-1.93M | $-26.83M | $-2.03M |
| Debt Repayment | $-118.54M | $-41.79M | $-9.00M | $110.38M | $-12.95M | $98.50M | $14.22M | $-25.48M | $-33.48M | $-23.98M |
| Common Stock Issued | $- | $- | $- | $- | $- | $738.00K | $833.00K | $978.00K | $55.74M | $1.00K |
| Common Stock Repurchased | $-6.26M | $-995.00K | $-29.22M | $-38.68M | $-10.19M | $-12.00K | $-623.00K | $-2.74M | $- | $- |
| Dividends Paid | $-4.91M | $-4.50M | $-4.25M | $-4.10M | $-3.80M | $-3.53M | $-2.32M | $-768.00K | $- | $- |
| Other Financing Activities | $1.43M | $-2.22M | $-829.00K | $-10.53M | $-2.40M | $-26.92M | $-1.97M | $-4.00K | $-6.52M | $-2.05M |
| Net Cash Used Provided by Financing Activities | $-128.28M | $-49.51M | $-43.30M | $57.07M | $-29.34M | $67.97M | $9.93M | $-28.02M | $15.73M | $-26.03M |
| Effect of Forex Changes on Cash | $-182.00K | $13.00K | $-320.00K | $191.00K | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-71.91M | $11.48M | $-32.14M | $66.64M | $-50.48M | $121.66M | $-1.65M | $-258.00K | $-1.97M | $-3.63M |
| Cash at End of Period | $50.90M | $117.89M | $111.33M | $143.47M | $76.84M | $127.32M | $5.66M | $2.61M | $2.87M | $4.83M |
| Cash at Beginning of Period | $122.81M | $106.40M | $143.47M | $76.84M | $127.32M | $5.66M | $7.31M | $2.87M | $4.83M | $8.47M |
| Operating Cash Flow | $67.06M | $66.88M | $30.27M | $68.22M | $43.68M | $37.80M | $13.09M | $29.69M | $9.13M | $24.43M |
| Capital Expenditure | $-4.62M | $-5.71M | $-7.68M | $-6.16M | $-6.13M | $-4.82M | $-2.27M | $-2.02M | $-3.21M | $-1.60M |
| Free Cash Flow | $62.44M | $61.17M | $22.59M | $62.06M | $37.54M | $32.98M | $10.82M | $27.67M | $5.92M | $22.83M |