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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments263,463456,14699,896
Cash and cash equivalents224,258456,14699,896
Short-term investments39,205  
Restricted cash and investments1,9712,0851,614
Receivables8,2007,9337,829
Other undisclosed current assets28,77320,68517,352
Total current assets:302,407486,849126,691
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization379,052301,865237,862
Operating lease, right-of-use asset 1,5792,0354,183
Property, plant and equipment1,2411,7891,382
Intangible assets, net (including goodwill)92,63088,42386,389
Goodwill80,50980,50980,509
Intangible assets, net (excluding goodwill)12,1217,9145,880
Restricted cash and investments88,054173,962113,938
Deferred income tax assets3061601,173
Other noncurrent assets20,1249,7019,266
Other undisclosed noncurrent assets1,568,0971,172,151847,346
Total noncurrent assets:2,151,0831,750,0861,301,539
TOTAL ASSETS:2,453,4902,236,9351,428,230
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:48,76736,99530,854
Interest and dividends payable8,8054,887
Taxes payable11,9807,799
Employee-related liabilities7,9617,043
Accounts payable3,3181,891718
Accrued liabilities1,8949234,799
Other undisclosed accounts payable and accrued liabilities43,5555,4355,608
Debt15,58910,5679,920
Other undisclosed current liabilities34,52628,31325,336
Total current liabilities:98,88275,87566,110
Noncurrent Liabilities
Long-term debt and lease obligation1,525,6291,298,282755,320
Long-term debt, excluding current maturities1,503,3521,272,225728,473
Finance lease, liability22,27724,76623,925
Liabilities, other than long-term debt142,39567,52765,841
Deferred income tax liabilities131,22962,29657,137
Other liabilities10,4735,2318,704
Operating lease, liability 6931,2912,922
Other undisclosed noncurrent liabilities3,79011,5938,891
Total noncurrent liabilities:1,671,8141,377,402830,052
Total liabilities:1,770,6961,453,277896,162
Equity
Equity, attributable to parent, including:635,310732,833476,486
Additional paid in capital1,060,0551,038,740673,955
Accumulated other comprehensive income (loss)(85,936)(27,784)15,768
Accumulated deficit(338,819)(278,132)(213,237)
Other undisclosed equity, attributable to parent109 
Equity, attributable to noncontrolling interest47,48450,82555,582
Total equity:682,794783,658532,068
TOTAL LIABILITIES AND EQUITY:2,453,4902,236,9351,428,230

Income Statement (P&L) ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Revenues135,456103,60962,923
Cost of revenue(6,949)(2,493)(619)
Gross profit:128,507101,11662,304
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 tax66,140  
Other nonoperating income (expense)4,445(14,701)(62,455)
Interest and debt expense931(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)3,948327(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 interest3,3414,7579,851
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 interest3,3414,7579,851
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.

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