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)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 52,182 | 44,693 | 38,147 | 45,560 | 35,349 | 51,529 | |||
| Cash and cash equivalents | 52,054 | 44,390 | 37,571 | 45,270 | 35,349 | 51,529 | |||
| Short-term investments | 128 | 303 | 576 | 290 | |||||
| Restricted cash and investments | 23,216 | 37,058 | 34,878 | 37,396 | 17,900 | 7,914 | |||
| Receivables | 26,945 | 18,078 | 10,667 | 3,811 | 7,598 | 4,973 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,481 | 2,143 | 1,555 | 1,546 | 1,642 | 1,202 | |||
| Inventory | 2,481 | 2,143 | 1,555 | 1,546 | 1,642 | 1,202 | |||
| Other undisclosed current assets | 36,106 | 23,054 | 13,209 | 22,969 | 14,803 | 11,191 | |||
| Total current assets: | 140,930 | 125,026 | 98,456 | 111,282 | 77,292 | 76,809 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 3,081 | 3,236 | 44,333 | 45,789 | ✕ | ||||
| Operating lease, right-of-use asset | 21,193 | 23,844 | 26,975 | 30,431 | 31,699 | ✕ | |||
| Property, plant and equipment | 116,190 | 47,947 | |||||||
| Long-term investments and receivables | 9,265 | 4,217 | 3,581 | 3,687 | 3,476 | 500 | |||
| Long-term investments | 9,265 | 4,217 | 3,581 | 3,687 | 3,476 | 500 | |||
| Intangible assets, net (including goodwill) | 271,108 | 285,219 | 301,348 | 328,054 | 553,567 | 252,877 | |||
| Goodwill | 61,013 | 58,675 | 56,622 | 56,622 | 205,606 | 59,683 | |||
| Intangible assets, net (excluding goodwill) | 210,095 | 226,544 | 244,726 | 271,432 | 347,961 | 193,194 | |||
| Deferred income tax assets | 4,358 | ✕ | |||||||
| Other noncurrent assets | 1,101 | 2,259 | 870 | 3,225 | 276 | 872 | |||
| Other undisclosed noncurrent assets | 53,771 | 38,555 | 39,233 | 42,971 | |||||
| Total noncurrent assets: | 363,877 | 357,330 | 416,340 | 454,157 | 705,208 | 302,196 | |||
| TOTAL ASSETS: | 504,807 | 482,356 | 514,796 | 565,439 | 782,500 | 379,005 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 54,837 | 56,079 | 39,897 | 40,378 | 39,160 | 24,880 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 259 | 16,280 | 4,725 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 27,075 | |||||
| Accounts payable | 18,482 | 18,841 | 11,682 | ||||||
| Accrued liabilities | 36,355 | 37,238 | 881 | ||||||
| Other undisclosed accounts payable and accrued liabilities | 24,098 | 34,435 | 24,880 | ||||||
| Deferred revenue | 11,963 | 444 | 2,937 | 12,738 | 233 | ✕ | |||
| Debt | 4,824 | 6,651 | 7,790 | 6,188 | 7,329 | 2,595 | |||
| Deferred compensation liability | 29 | 35 | 173 | ||||||
| Other liabilities | 31,112 | 25,630 | 25,899 | 29,905 | 19,066 | 8,418 | |||
| Due to related parties | ✕ | ✕ | 1,212 | 1,471 | 1,011 | 2,032 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 148 | ||
| Other undisclosed current liabilities | 32,668 | 31,153 | 38,202 | 19,971 | 4,725 | ||||
| Total current liabilities: | 135,404 | 121,169 | 114,725 | 110,680 | 71,559 | 38,246 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 135,411 | 91,642 | 119,625 | 127,373 | 103,034 | 15,177 | |||
| Long-term debt, excluding current maturities | 132,579 | 89,680 | 52,669 | 57,349 | 33,033 | 15,177 | |||
| Finance lease, liability | 2,832 | 1,962 | 43,479 | 43,143 | 41,482 | ✕ | |||
| Liabilities, other than long-term debt | 58,587 | 61,397 | 44,142 | 48,203 | 87,692 | 55,303 | |||
| Deferred revenue | 6,415 | 7,356 | 7,968 | 8,621 | 13,047 | ✕ | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 13,396 | ||
| Deferred compensation liability, classified | 891 | 2,849 | 3,326 | 1,678 | 4,694 | 10,401 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 31,506 | ||
| Deferred income tax liabilities | 29,517 | 27,873 | 32,848 | 37,904 | 69,521 | ✕ | |||
| Other liabilities | 2,590 | 3,237 | 430 | ||||||
| Operating lease, liability | 19,174 | 20,082 | 23,477 | 26,881 | 28,519 | ✕ | |||
| Total noncurrent liabilities: | 193,998 | 153,039 | 163,767 | 175,576 | 190,726 | 70,480 | |||
| Total liabilities: | 329,402 | 274,208 | 278,492 | 286,256 | 262,285 | 108,726 | |||
| Temporary equity, carrying amount | 1,972 | 1,614 | 69 | 1,834 | 4,131 | 3,531 | |||
| Equity | |||||||||
| Equity, attributable to parent | (311,572) | (271,633) | (242,403) | (199,477) | 41,396 | 65,443 | |||
| Common stock | 3 | 3 | 3 | 3 | 2 | 24 | |||
| Treasury stock, value | (1,354) | (947) | (596) | (438) | (131) | ||||
| Additional paid in capital | 299,304 | 297,715 | 294,395 | 293,597 | 285,825 | 280,159 | |||
| Accumulated other comprehensive income (loss) | (213) | 78 | (1,206) | (1,156) | (216) | (498) | |||
| Accumulated deficit | (609,312) | (568,482) | (534,999) | (491,483) | (244,084) | (214,242) | |||
| Equity, attributable to noncontrolling interest | 7,005 | 167 | 638 | (121) | 628 | 458 | |||
| Total equity: | (304,567) | (271,466) | (241,765) | (199,598) | 42,024 | 65,901 | |||
| Other undisclosed liabilities and equity | 478,000 | 478,000 | 478,000 | 476,947 | 474,060 | 200,847 | |||
| TOTAL LIABILITIES AND EQUITY: | 504,807 | 482,356 | 514,796 | 565,439 | 782,500 | 379,005 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 746,795 | 644,432 | 384,567 | 297,428 | 291,250 | 195,520 | ||
| Cost of revenue | (664,352) | (557,069) | (177,668) | (142,227) | (244,454) | (150,302) | ||
| Gross profit: | 82,443 | 87,363 | 206,899 | 155,201 | 46,796 | 45,218 | ||
| Operating expenses | (74,498) | (65,770) | (212,132) | (379,131) | (58,026) | (46,057) | ||
| Other operating expense, net (Other Expenses) | (25,281) | (25,828) | (18,199) | (18,687) | (12,062) | (3,250) | ||
| Other undisclosed operating income | 25,281 | 25,828 | 18,199 | 18,687 | 12,062 | 3,250 | ||
| Operating income (loss): | 7,945 | 21,593 | (5,233) | (223,930) | (11,230) | (839) | ||
| Nonoperating income (expense) | 2,545 | 346 | (152) | (232) | 49 | (505) | ||
| Investment income, nonoperating | 1,798 | 371 | 285 | 32 | 46 | 329 | ||
| Other nonoperating income (expense) | 747 | (25) | (437) | (264) | 3 | (834) | ||
| Interest and debt expense | (14,208) | (9,996) | (5,144) | (5,707) | (2,059) | (959) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (594) | (241) | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (3,718) | 11,943 | (10,529) | (229,869) | (13,834) | (2,544) | ||
| Income (loss) from equity method investments | (702) | 392 | (126) | 212 | ||||
| Other undisclosed loss from continuing operations before income taxes | (1,131) | (882) | (325) | (386) | ||||
| Income (loss) from continuing operations before income taxes: | (5,551) | 11,453 | (10,980) | (230,043) | (13,834) | (2,544) | ||
| Income tax expense (benefit) | 544 | (8,530) | 162 | 14,255 | (1,540) | 10,364 | ||
| Income (loss) from continuing operations: | (5,007) | 2,923 | (10,818) | (215,788) | (15,374) | 7,820 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (10,818) | (215,788) | (15,374) | 7,820 | |
| Net income (loss): | (5,007) | 2,923 | (10,818) | (215,788) | (15,374) | 7,820 | ||
| Net income attributable to noncontrolling interest | 880 | 1,171 | 678 | 1,178 | ||||
| Other undisclosed net income (loss) attributable to parent | (501) | (448) | 215 | 2,245 | 1,519 | 2,362 | ||
| Net income (loss) attributable to parent: | (4,628) | 3,646 | (9,925) | (212,365) | (13,855) | 10,182 | ||
| Preferred stock dividends and other adjustments | (36,193) | (36,458) | (16,363) | (5,196) | ||||
| Other undisclosed net loss available to common stockholders, basic | (36,053) | (34,982) | ||||||
| Net income (loss) available to common stockholders, basic: | (40,821) | (32,812) | (45,978) | (247,347) | (30,218) | 4,986 | ||
| Dilutive securities, effect on basic earnings per share | 5,732 | 9,891 | ||||||
| Net income (loss) available to common stockholders, diluted: | (40,821) | (32,812) | (45,978) | (247,347) | (24,486) | 14,877 | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (5,007) | 2,923 | (10,818) | (215,788) | (15,374) | 7,820 | ||
| Net loss attributable to redeemable noncontrolling interest | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other comprehensive loss | (420) | |||||||
| Other undisclosed comprehensive income (loss) | (291) | 645 | (50) | (940) | 334 | |||
| Comprehensive income (loss): | (5,298) | 3,568 | (10,868) | (216,728) | (15,040) | 7,400 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 880 | 1,171 | 678 | 1,178 | 536 | 924 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (501) | (448) | 215 | 2,310 | 931 | 1,495 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (4,919) | 4,291 | (9,975) | (213,240) | (13,573) | 9,819 | ||
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.