Ashford Inc. (Holding Company) (AINC) Financial Statements (2024 and earlier)

Company Profile

Business Address 14185 DALLAS PARKWAY
DALLAS, TX 75254
State of Incorp. TX
Fiscal Year End December 31
Industry (SIC) 8742 - Management Consulting Services (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 investments44,69338,14745,56035,34951,52936,480
Cash and cash equivalents44,39037,57145,27035,34951,52936,480
Short-term investments303576290   
Restricted cash and investments37,05834,87837,39617,9007,9149,076
Receivables18,07810,6673,8117,5984,9735,127
Inventory, net of allowances, customer advances and progress billings2,1431,5551,5461,6421,2021,066
Inventory2,1431,5551,5461,6421,2021,066
Other undisclosed current assets23,05413,20922,96914,80311,19117,997
Total current assets:125,02698,456111,28277,29276,80969,746
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization3,23644,33345,789 
Operating lease, right-of-use asset23,84426,97530,43131,699
Property, plant and equipment    116,19047,94721,154
Long-term investments and receivables4,2173,5813,6873,476500500
Long-term investments4,2173,5813,6873,476500500
Intangible assets, net (including goodwill)285,219301,348328,054553,567252,87722,660
Goodwill58,67556,62256,622205,60659,68312,947
Intangible assets, net (excluding goodwill)226,544244,726271,432347,961193,1949,713
Deferred income tax assets    
Other noncurrent assets2,2598703,225276872750
Other undisclosed noncurrent assets38,55539,23342,971   
Total noncurrent assets:357,330416,340454,157705,208302,19645,064
TOTAL ASSETS:482,356514,796565,439782,500379,005114,810
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:56,07939,89740,37839,16024,88020,451
Interest and dividends payable25916,2804,725  
Employee-related liabilities27,075    
Accounts payable18,84111,682    
Accrued liabilities37,238881    
Other undisclosed accounts payable and accrued liabilities   24,09834,43524,88020,451
Deferred revenue4442,93712,738233
Debt6,6517,7906,1887,3292,5951,751
Deferred compensation liability   2935173311
Other liabilities25,63025,89929,90519,0668,4189,076
Deferred revenue and credits459
Due to related parties1,212 1,4711,0112,032 
Contract with customer, liability148
Other undisclosed current liabilities31,15338,20219,9714,725 4,272
Total current liabilities:121,169114,725110,68071,55938,24636,320
Noncurrent Liabilities
Long-term debt and lease obligation91,642119,625127,373103,03415,1779,956
Long-term debt, excluding current maturities89,68052,66957,34933,03315,1779,956
Finance lease, liability1,96243,47943,14341,482
Liabilities, other than long-term debt61,39744,14248,20387,69255,30332,466
Deferred revenue and credits13,440
Accounts payable and accrued liabilities      78
Deferred revenue7,3567,9688,62113,047
Contract with customer, liability13,396
Deferred compensation liability, classified2,8493,3261,6784,69410,40118,948
Deferred tax liabilities, net31,506 
Deferred income tax liabilities27,87332,84837,90469,521
Other liabilities3,237  430  
Operating lease, liability20,08223,47726,88128,519
Total noncurrent liabilities:153,039163,767175,576190,72670,48042,422
Total liabilities:274,208278,492286,256262,285108,72678,742
Temporary equity, carrying amount1,614691,8344,1313,5315,111
Equity
Equity, attributable to parent(271,633)(242,403)(199,477)41,39665,44330,185
Common stock33322421
Treasury stock, value(947)(596)(438)(131)  
Additional paid in capital297,715294,395293,597285,825280,159249,695
Accumulated other comprehensive income (loss)78(1,206)(1,156)(216)(498)(135)
Accumulated deficit(568,482)(534,999)(491,483)(244,084)(214,242)(219,396)
Equity, attributable to noncontrolling interest167638(121)628458772
Total equity:(271,466)(241,765)(199,598)42,02465,90130,957
Other undisclosed liabilities and equity478,000478,000476,947474,060200,847 
TOTAL LIABILITIES AND EQUITY:482,356514,796565,439782,500379,005114,810

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
Revenues644,432384,567297,428291,250195,52081,573
Financial services revenue65,982
Cost of revenue(557,069)(177,668)(142,227)(244,454)(150,302)(7,757)
Gross profit:87,363206,899155,20146,79645,21873,816
Operating expenses(65,770)(212,132)(379,131)(58,026)(46,057)(20,962)
Other operating expense, net
(Other Expenses)
(25,828)(18,199)(18,687)(12,062)(3,250)(2,153)
Other undisclosed operating income (loss)25,82818,19918,68712,0623,250(61,223)
Operating income (loss):21,593(5,233)(223,930)(11,230)(839)(10,522)
Nonoperating income (expense)346(152)(232)49(505)171
Investment income, nonoperating3712853246329244
Other nonoperating income (expense)(25)(437)(264)3(834)(73)
Interest and debt expense(9,996)(5,144)(5,707)(2,059)(959)(83)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (594)(241)(37)
Income (loss) from continuing operations before equity method investments, income taxes:11,943(10,529)(229,869)(13,834)(2,544)(10,471)
Income (loss) from equity method investments392(126)212   
Other undisclosed loss from continuing operations before income taxes(882)(325)(386)   
Income (loss) from continuing operations before income taxes:11,453(10,980)(230,043)(13,834)(2,544)(10,471)
Income tax expense (benefit)(8,530)16214,255(1,540)10,364(9,723)
Income (loss) from continuing operations:2,923(10,818)(215,788)(15,374)7,820(20,194)
Income (loss) before gain (loss) on sale of properties:(10,818)(215,788)(15,374)7,820(20,194)
Net income (loss):2,923(10,818)(215,788)(15,374)7,820(20,194)
Net income attributable to noncontrolling interest1,1716781,178   
Other undisclosed net income (loss) attributable to parent(448)2152,2451,5192,3621,842
Net income (loss) attributable to parent:3,646(9,925)(212,365)(13,855)10,182(18,352)
Preferred stock dividends and other adjustments(36,458)  (16,363)(5,196) 
Undistributed earnings (loss) allocated to participating securities, basic      18,352
Other undisclosed net loss available to common stockholders, basic  (36,053)(34,982)   
Net income (loss) available to common stockholders, basic:(32,812)(45,978)(247,347)(30,218)4,986 
Dilutive securities, effect on basic earnings per share    5,7329,891 
Net income (loss) available to common stockholders, diluted:(32,812)(45,978)(247,347)(24,486)14,877 

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):2,923(10,818)(215,788)(15,374)7,820(20,194)
Other comprehensive loss     (420)(135)
Other undisclosed comprehensive income (loss)645(50)(940)334  
Comprehensive income (loss):3,568(10,868)(216,728)(15,040)7,400(20,329)
Comprehensive income, net of tax, attributable to noncontrolling interest1,1716781,178536924358
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(448)2152,3109311,4951,484
Comprehensive income (loss), net of tax, attributable to parent:4,291(9,975)(213,240)(13,573)9,819(18,487)

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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