Associated Capital Group, Inc. (AC) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
191 MASON STREET GREENWICH, CT 06830 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6211 - Security Brokers, Dealers, and Flotation Companies (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 404,463 | 653,131 | 633,849 | 348,588 | 409,564 | 293,112 | |||
| Cash and cash equivalents | 218,462 | 319,048 | 39,509 | 348,588 | 409,564 | 293,112 | |||
| Short-term investments | 186,001 | 334,083 | 594,340 | ||||||
| Total current assets: | 404,463 | 653,131 | 633,849 | 348,588 | 409,564 | 293,112 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 16,853 | 17,190 | 17,530 | 6,600 | 84 | 39 | |||
| Long-term investments and receivables | 114,700 | 112,600 | 99,100 | 124,800 | 100,100 | 124,500 | |||
| Long-term investments | 114,700 | 112,600 | 99,100 | 124,800 | 100,100 | 124,500 | |||
| Intangible assets, net (including goodwill) | 3,519 | 3,519 | 3,519 | 3,519 | 3,519 | 3,422 | |||
| Goodwill | 3,519 | 3,519 | 3,519 | 3,519 | 3,519 | 3,422 | |||
| Deferred income tax assets | 2,517 | 2,207 | 2,004 | ✕ | ✕ | ||||
| Total noncurrent assets: | 137,589 | 133,309 | 122,356 | 136,923 | 103,703 | 127,961 | |||
| Other undisclosed assets | 385,638 | 416,896 | 418,340 | 525,395 | 441,166 | 585,842 | |||
| TOTAL ASSETS: | 927,690 | 1,203,336 | 1,174,545 | 1,010,906 | 954,433 | 1,006,915 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 27,301 | 65,534 | 66,328 | 63,086 | 38,385 | 42,538 | |||
| Total liabilities: | 27,301 | 65,534 | 66,328 | 63,086 | 38,385 | 42,538 | |||
| Temporary equity, carrying amount | 10,193 | 202,456 | 206,828 | 50,385 | 49,800 | 46,230 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 890,196 | 937,102 | 898,938 | 896,432 | 866,248 | 918,147 | |||
| Treasury stock, value | (124,002) | (121,427) | (113,783) | (106,342) | (102,207) | (62,895) | |||
| Additional paid in capital | 999,047 | 990,069 | 999,047 | 1,003,450 | 1,008,319 | 1,010,505 | |||
| Accumulated other comprehensive income | 6,712 | ||||||||
| Retained earnings (accumulated deficit) | 15,126 | 68,435 | 13,649 | (701) | (39,889) | 13,800 | |||
| Other undisclosed equity, attributable to parent | 25 | 25 | 25 | 25 | 25 | (49,975) | |||
| Equity, attributable to noncontrolling interest | (1,756) | 2,451 | 1,003 | ||||||
| Total equity: | 890,196 | 935,346 | 901,389 | 897,435 | 866,248 | 918,147 | |||
| TOTAL LIABILITIES AND EQUITY: | 927,690 | 1,203,336 | 1,174,545 | 1,010,906 | 954,433 | 1,006,915 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 15,228 | 93,405 | 36,864 | 60,757 | 22,779 | 26,915 | ||
| Principal transactions revenue, net | ✕ | ✕ | 93,405 | 36,864 | 60,757 | (65,203) | ✕ | |
| Gain (loss) on disposition of assets for financial service operations | 12,846 | (37) | ✕ | |||||
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 26,750 | |
| Gross profit: | 15,228 | 93,405 | 36,864 | 60,757 | 22,779 | 26,915 | ||
| Operating expenses | (26,490) | (40,000) | (31,452) | (47,023) | (36,259) | (47,301) | ||
| Other undisclosed operating loss | (72,481) | (17,881) | (29,492) | |||||
| Operating loss: | (11,262) | (19,076) | (12,469) | (15,758) | (13,480) | (20,386) | ||
| Nonoperating income (expense) | (49,203) | 100,415 | 42,352 | 70,666 | (55,381) | 26,650 | ||
| Investment income, nonoperating | (45,860) | 12,109 | 8,675 | 13,407 | 13,384 | 10,501 | ||
| Interest and debt expense | (216) | (310) | (180) | (217) | (262) | (227) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 216 | 310 | 180 | 217 | 262 | 227 | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (60,465) | 81,339 | 29,883 | 54,908 | (68,861) | 6,264 | ||
| Income (loss) from equity method investments | (1,895) | |||||||
| Other undisclosed income (loss) from continuing operations before income taxes | 1,895 | |||||||
| Income (loss) from continuing operations before income taxes: | (60,465) | 81,339 | 29,883 | 54,908 | (68,861) | 6,264 | ||
| Income tax expense (benefit) | 14,943 | (17,705) | (9,374) | (12,126) | 11,478 | 2,420 | ||
| Income (loss) from continuing operations: | (45,522) | 63,634 | 20,509 | 42,782 | (57,383) | 8,684 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 63,634 | 21,141 | 42,782 | (57,383) | 8,684 | |
| Income from discontinued operations | 632 | |||||||
| Other undisclosed net loss | (1,264) | |||||||
| Net income (loss): | (45,522) | 63,634 | 19,877 | 42,782 | (57,383) | 8,684 | ||
| Net income (loss) attributable to noncontrolling interest | (3,385) | (4,431) | (1,061) | (3,594) | (716) | 153 | ||
| Net income (loss) available to common stockholders, diluted: | (48,907) | 59,203 | 18,816 | 39,188 | (58,099) | 8,837 | ||
Comprehensive Income ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (45,522) | 63,634 | 19,877 | 42,782 | (57,383) | 8,684 | ||
| Other comprehensive loss | (277) | |||||||
| Other undisclosed comprehensive income | 5,672 | |||||||
| Comprehensive income (loss): | (45,522) | 63,634 | 19,877 | 42,782 | (57,383) | 14,079 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (3,385) | (4,431) | (1,061) | (3,594) | (716) | 153 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (48,907) | 59,203 | 18,816 | 39,188 | (58,099) | 14,232 | ||
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.