Radius Global Infrastructure, Inc. (RADI) Financial Statements (2024 and earlier)
Company Profile
Business Address |
3 BALA PLAZA EAST BALA CYNWYD, PA 19004 |
State of Incorp. | |
Fiscal Year End | December 31 |
Industry (SIC) | 6519 - Lessors of Real Property, Not Elsewhere Classified (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
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ASSETS | ||||||
Current Assets | ||||||
Cash, cash equivalents, and short-term investments | 263,463 | 456,146 | 99,896 | |||
Cash and cash equivalents | 224,258 | 456,146 | 99,896 | |||
Short-term investments | 39,205 | |||||
Restricted cash and investments | 1,971 | 2,085 | 1,614 | |||
Receivables | 8,200 | 7,933 | 7,829 | |||
Other undisclosed current assets | 28,773 | 20,685 | 17,352 | |||
Total current assets: | 302,407 | 486,849 | 126,691 | |||
Noncurrent Assets | ||||||
Finance lease, right-of-use asset, after accumulated amortization | 379,052 | 301,865 | 237,862 | |||
Operating lease, right-of-use asset | 1,579 | 2,035 | 4,183 | |||
Property, plant and equipment | 1,241 | 1,789 | 1,382 | |||
Intangible assets, net (including goodwill) | 92,630 | 88,423 | 86,389 | |||
Goodwill | 80,509 | 80,509 | 80,509 | |||
Intangible assets, net (excluding goodwill) | 12,121 | 7,914 | 5,880 | |||
Restricted cash and investments | 88,054 | 173,962 | 113,938 | |||
Deferred income tax assets | 306 | 160 | 1,173 | |||
Other noncurrent assets | 20,124 | 9,701 | 9,266 | |||
Other undisclosed noncurrent assets | 1,568,097 | 1,172,151 | 847,346 | |||
Total noncurrent assets: | 2,151,083 | 1,750,086 | 1,301,539 | |||
TOTAL ASSETS: | 2,453,490 | 2,236,935 | 1,428,230 | |||
LIABILITIES AND EQUITY | ||||||
Liabilities | ||||||
Current Liabilities | ||||||
Accounts payable and accrued liabilities, including: | 48,767 | 36,995 | 30,854 | |||
Interest and dividends payable | ✕ | ✕ | 8,805 | 4,887 | ||
Taxes payable | ✕ | ✕ | 11,980 | 7,799 | ||
Employee-related liabilities | ✕ | ✕ | 7,961 | 7,043 | ||
Accounts payable | 3,318 | 1,891 | 718 | |||
Accrued liabilities | 1,894 | 923 | 4,799 | |||
Other undisclosed accounts payable and accrued liabilities | 43,555 | 5,435 | 5,608 | |||
Debt | 15,589 | 10,567 | 9,920 | |||
Other undisclosed current liabilities | 34,526 | 28,313 | 25,336 | |||
Total current liabilities: | 98,882 | 75,875 | 66,110 | |||
Noncurrent Liabilities | ||||||
Long-term debt and lease obligation | 1,525,629 | 1,298,282 | 755,320 | |||
Long-term debt, excluding current maturities | 1,503,352 | 1,272,225 | 728,473 | |||
Finance lease, liability | 22,277 | 24,766 | 23,925 | |||
Liabilities, other than long-term debt | 142,395 | 67,527 | 65,841 | |||
Deferred income tax liabilities | 131,229 | 62,296 | 57,137 | |||
Other liabilities | 10,473 | 5,231 | 8,704 | |||
Operating lease, liability | 693 | 1,291 | 2,922 | |||
Other undisclosed noncurrent liabilities | 3,790 | 11,593 | 8,891 | |||
Total noncurrent liabilities: | 1,671,814 | 1,377,402 | 830,052 | |||
Total liabilities: | 1,770,696 | 1,453,277 | 896,162 | |||
Equity | ||||||
Equity, attributable to parent, including: | 635,310 | 732,833 | 476,486 | |||
Additional paid in capital | 1,060,055 | 1,038,740 | 673,955 | |||
Accumulated other comprehensive income (loss) | (85,936) | (27,784) | 15,768 | |||
Accumulated deficit | (338,819) | (278,132) | (213,237) | |||
Other undisclosed equity, attributable to parent | 10 | 9 | ||||
Equity, attributable to noncontrolling interest | 47,484 | 50,825 | 55,582 | |||
Total equity: | 682,794 | 783,658 | 532,068 | |||
TOTAL LIABILITIES AND EQUITY: | 2,453,490 | 2,236,935 | 1,428,230 |
Income Statement (P&L) ($ in thousands)
6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
---|---|---|---|---|---|
Revenues | 135,456 | 103,609 | 62,923 | ||
Cost of revenue | (6,949) | (2,493) | (619) | ||
Gross profit: | 128,507 | 101,116 | 62,304 | ||
Operating expenses | (200,832) | (156,394) | (188,966) | ||
Operating loss: | (72,325) | (55,278) | (126,662) | ||
Nonoperating income (expense) | 4,349 | (14,701) | (62,455) | ||
Gain (loss), foreign currency transaction, before tax | 66,140 | ||||
Other nonoperating income (expense) | 4,445 | (14,701) | (62,455) | ||
Interest and debt expense | 931 | (47,365) | 1,264 | ||
Loss from continuing operations before equity method investments, income taxes: | (67,045) | (117,344) | (187,853) | ||
Other undisclosed income (loss) from continuing operations before income taxes | (931) | 47,365 | (1,264) | ||
Loss from continuing operations before income taxes: | (67,976) | (69,979) | (189,117) | ||
Income tax expense (benefit) | 3,948 | 327 | (2,825) | ||
Loss from continuing operations: | (64,028) | (69,652) | (191,942) | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | (69,652) | (191,942) | ||
Net loss: | (64,028) | (69,652) | (191,942) | ||
Net income attributable to noncontrolling interest | 3,341 | 4,757 | 9,851 | ||
Net loss attributable to parent: | (60,687) | (64,895) | (182,091) | ||
Preferred stock dividends and other adjustments | (40,832) | (31,391) | |||
Undistributed earnings (loss) allocated to participating securities, basic | |||||
Other undisclosed net income available to common stockholders, basic | |||||
Net loss available to common stockholders, basic: | (101,519) | (96,286) | (182,091) | ||
Interest on convertible debt | |||||
Other undisclosed net income available to common stockholders, diluted | |||||
Net loss available to common stockholders, diluted: | (101,519) | (96,286) | (182,091) |
Comprehensive Income ($ in thousands)
6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
---|---|---|---|---|---|
Net loss: | (64,028) | (69,652) | (191,942) | ||
Comprehensive loss: | (64,028) | (69,652) | (191,942) | ||
Comprehensive income, net of tax, attributable to noncontrolling interest | 3,341 | 4,757 | 9,851 | ||
Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (61,493) | (48,309) | 5,917 | ||
Comprehensive loss, net of tax, attributable to parent: | (122,180) | (113,204) | (176,174) |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.