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Vintage Wine Estates, Inc.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsJun-30-22Jun-05-22Jun-30-21Jun-05-21Dec-31-20Jun-30-20
   10-K8-K10-K8-KSource10-K
Net revenues        
Net revenue  10.9293.812.3220.7 10.4
            Net revenue growth  -11.4%33.1%18.3%   
Cost of revenues        
Cost of revenues  203.8 145.4  118.3
    Gross profit  90.090.075.475.4 71.6
            Gross margin  825.3%30.6%612.6%34.1% 688.8%
Selling, general, and administrative expenses  105.3105.372.572.5 64.7
Intangible impairment losses     1.1  
Gain on litigation proceeds  -3.0 -4.8   
Loss (gain) on sale of property, plant, and equipment  0.5 -1.0  -1.1
    (Loss) Income from operations  -7.9-7.99.29.2-2.67.7
            Operating margin  -72.7%-2.7%74.6%4.2% 74.4%
   
Other income (expense)        
Interest expense  -13.9-13.9-11.6-11.6 -15.4
Net (loss) gain on interest rate swap agreements  23.0 6.1  -12.9
Other, net  2.30.70.5-0.5 1.0
    Total other income (expense), net  8.30.71.7-0.5 -27.4
    (Loss) Income before provision for income taxes  0.4 10.9  -19.7
Income tax (benefit) provision  1.11.10.80.8-0.2-10.0
    Net (loss) income  -0.7 10.1  -9.7
Net loss attributable to the noncontrolling interests  -0.1-0.10.20.2 0.0
    Net (loss) income attributable to common stockholders  -0.6-0.79.910.1 -9.7
   
Net earnings per share allocable to common stockholders        
Basic  ($0.01)($0.01)$0.14$0.14 ($0.67)
Diluted  ($0.01)($0.01)$0.14$0.14 ($0.67)
   
Weighted average shares used in the calculation of earnings per share allocable to common stockholders        
Basic  60.760.724.724.7 21.9
Diluted  60.760.725.225.2 21.9

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