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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments32,72937,21544,69344,41948,75630,328
Cash and cash equivalents32,50537,00444,39044,07148,42229,827
Short-term investments224211303348334501
Restricted cash and investments36,10835,13337,05837,11438,23833,724
Receivables22,90026,77518,07819,71416,93213,949
Inventory, net of allowances, customer advances and progress billings2,5032,1832,1431,8531,8121,746
Inventory2,5032,1832,1431,8531,8121,746
Other undisclosed current assets24,79620,01123,05419,80514,10913,523
Total current assets:119,036121,317125,026122,905119,84793,270
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   3,236   
Operating lease, right-of-use asset21,05421,80723,84424,80025,43726,049
Long-term investments and receivables3,3693,7574,2173,9414,0884,171
Long-term investments3,3693,7574,2173,9414,0884,171
Intangible assets, net (including goodwill)281,720287,751285,219291,706298,153295,402
Goodwill59,44659,36158,67558,67558,60256,622
Intangible assets, net (excluding goodwill)222,274228,390226,544233,031239,551238,780
Other noncurrent assets1,0949792,259376531697
Other undisclosed noncurrent assets52,43847,47938,55581,47181,15481,042
Total noncurrent assets:359,675361,773357,330402,294409,363407,361
TOTAL ASSETS:478,711483,090482,356525,199529,210500,631
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:38,32038,22756,07947,75138,16727,243
Interest and dividends payable325
Employee-related liabilities13,669
Accounts payable19,32523,81718,84118,33214,03512,956
Accrued liabilities18,99514,41037,2382,2653,080293
Other undisclosed accounts payable and accrued liabilities    27,15421,052 
Deferred revenue881338444426406494
Debt4,0935,0906,6517,4877,1128,035
Due to related parties1,21223610321
Other liabilities32,31729,91425,63026,64429,27528,710
Other undisclosed current liabilities31,82631,46231,15330,65730,35347,549
Total current liabilities:107,437105,031121,169113,201105,416112,052
Noncurrent Liabilities
Long-term debt and lease obligation117,442113,97591,642151,917153,663116,135
Long-term debt, excluding current maturities114,485112,11889,68088,96189,67450,319
Finance lease, liability2,9571,8571,96241,91542,18943,243
Liabilities, other than long-term debt60,45663,94061,39741,68843,42544,829
Deferred revenue8,1389,1317,3567,5378,2749,883
Deferred compensation liability, classified2,0602,6302,8492,7592,8383,437
Deferred income tax liabilities26,56227,08627,87328,51630,64331,509
Other liabilities4,3734,8343,2372,8761,670 
Operating lease, liability19,32320,25920,08221,04121,80022,573
Total noncurrent liabilities:177,898177,915153,039193,605197,088160,964
Total liabilities:285,335282,946274,208306,806302,504273,016
Temporary equity, carrying amount1,7261,6691,6141,7321,50980
Equity
Equity, attributable to parent(286,014)(279,404)(271,633)(261,911)(253,262)(250,843)
Common stock333333
Treasury stock, value(1,324)(1,299)(947)(877)(867)(816)
Additional paid in capital299,039298,118297,715297,069295,461294,844
Accumulated other comprehensive income (loss)(59)(14)78(471)(257)(798)
Accumulated deficit(583,673)(576,212)(568,482)(557,635)(547,602)(544,076)
Equity, attributable to noncontrolling interest(336)(121)167572459378
Total equity:(286,350)(279,525)(271,466)(261,339)(252,803)(250,465)
Other undisclosed liabilities and equity478,000478,000478,000478,000478,000478,000
TOTAL LIABILITIES AND EQUITY:478,711483,090482,356525,199529,210500,631

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues192,710185,122178,412164,608167,453133,959
Cost of revenue(166,851)(163,769)(323,330)(88,186)(79,008)(66,545)
Gross profit:25,85921,353(144,918)76,42288,44567,414
Operating expenses(19,337)(16,710)148,431(73,627)(76,122)(64,452)
Other operating expense, net
(Other Expenses)
(5,684)(6,102)(8,942)(5,750)(5,669)(5,467)
Other undisclosed operating income5,6846,1028,9425,7505,6695,467
Operating income:6,5224,6433,5132,79512,3232,962
Nonoperating income (expense)28177028554(221)228
Investment income, nonoperating440277176763881
Other nonoperating income (expense)(159)493109(22)(259)147
Interest and debt expense(3,422)(2,837)(3,215)(2,966)(2,536)(1,279)
Income (loss) from continuing operations before equity method investments, income taxes:3,3812,576583(117)9,5661,911
Income (loss) from equity method investments(388)(459)282(147)67190
Other undisclosed loss from continuing operations before income taxes(265)(321)(284)(222)(232)(144)
Income (loss) from continuing operations before income taxes:2,7281,796581(486)9,4011,957
Income tax expense (benefit)(1,227)(620)(2,559)(617)(4,076)(1,278)
Income (loss) from continuing operations:1,5011,176(1,978)(1,103)5,325679
Income (loss) before gain (loss) on sale of properties:(1,103)5,325679
Net income (loss):1,5011,176(1,978)(1,103)5,325679
Net income attributable to noncontrolling interest214288341272298260
Other undisclosed net income (loss) attributable to parent(133)(155)(158)(158)(141)9
Net income (loss) attributable to parent:1,5821,309(1,795)(989)5,482948
Preferred stock dividends and other adjustments(9,044)(9,034)(9,036)(9,029)(9,020)(9,373)
Net loss available to common stockholders, basic:(7,462)(7,725)(10,831)(10,018)(3,538)(8,425)
Dilutive securities, effect on basic earnings per share 480     
Net loss available to common stockholders, diluted:(6,982)(7,725)(10,831)(10,018)(3,538)(8,425)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):1,5011,176(1,978)(1,103)5,325679
Other undisclosed comprehensive income (loss)(45)(92)549(214)541(231)
Comprehensive income (loss):1,4561,084(1,429)(1,317)5,866448
Comprehensive income, net of tax, attributable to noncontrolling interest214288341272298260
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(133)(155)(158)(158)(141)9
Comprehensive income (loss), net of tax, attributable to parent:1,5371,217(1,246)(1,203)6,023717

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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