Belmond Ltd. (BEL) Financial Statements (2024 and earlier)

Company Profile

Business Address 22 VICTORIA STREET
HAMILTON, HM 12
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 7011 - Hotels and Motels (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments180,153153,425135,599135,118123,15993,382
Cash and cash equivalents180,153153,425135,599135,118123,15993,382
Restricted cash and investments3,1211,8302,5681,905  
Receivables47,13537,94039,22346,20447,26651,733
Inventory, net of allowances, customer advances and progress billings23,09223,93125,55630,50145,05644,555
Inventory23,09223,93125,55630,50145,05644,555
Prepaid expense13,32712,26213,31017,79125,896
Disposal group, including discontinued operation     1,503 
Prepaid expense and other current assets21,244
Other undisclosed current assets     38,91645,082
Total current assets:266,828229,388216,256231,519281,796255,996
Noncurrent Assets
Property, plant and equipment1,168,0441,074,6761,078,3611,168,7571,121,7491,171,603
Long-term investments and receivables64,64479,32771,72465,83163,40158,924
Long-term investments64,64479,32771,72465,83163,40158,924
Intangible assets, net (including goodwill)139,998127,220113,996146,602171,068179,886
Goodwill120,220113,343113,996132,644156,916161,278
Intangible assets, net (excluding goodwill)19,77813,877 13,95814,15218,608
Deferred costs    13,09511,080 
Other noncurrent assets14,12313,45715,28655,60953,998
Prepaid expense and other noncurrent assets41,825
Other undisclosed noncurrent assets  13,852(13,095)176,774183,793
Total noncurrent assets:1,386,8091,294,6801,293,2191,436,7991,598,0701,636,031
TOTAL ASSETS:1,653,6371,524,0681,509,4751,668,3181,879,8661,892,027
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities95,27085,41287,47993,49097,931102,701
Accounts payable15,81516,36615,82624,85523,74425,182
Accrued liabilities79,45569,04671,65368,63574,18777,519
Debt6,4075,2845,3495,54971,01190,115
Disposal group, including discontinued operation     1,611 
Deferred revenue and credits32,78631,35032,26630,94336,98330,519
Contract with customer, liability
Other undisclosed current liabilities     1,9433,969
Total current liabilities:134,463122,046125,094129,982209,479227,304
Noncurrent Liabilities
Long-term debt and lease obligation, including:700,752585,768577,543612,235472,570431,445
Capital lease obligations      15
Other undisclosed long-term debt and lease obligation700,752585,768577,543612,235472,570431,430
Liabilities, other than long-term debt4,2057,13124,50229,71923,44534,367
Pension and other postretirement defined benefit plans, liabilities1,6068,275
Liability for uncertainty in income taxes5323183,6783,4372,9884,581
Liability, pension and other postretirement and postemployment benefits 6501,4473542,385
Other liabilities3,0235,36620,47023,89718,85121,511
Other undisclosed noncurrent liabilities115,381122,291123,911134,121263,727260,588
Total noncurrent liabilities:820,338715,190725,956776,075759,742726,400
Total liabilities:954,801837,236851,050906,057969,221953,704
Equity
Equity, attributable to parent, including:698,546686,450658,064761,186908,222935,956
Additional paid in capital985,566979,458975,4191,000,803992,860982,106
Accumulated other comprehensive loss(301,322)(346,777)(334,542)(246,420)(93,317)(86,381)
Retained earnings (accumulated deficit)13,27852,75116,1725,7637,64339,202
Other undisclosed equity, attributable to parent1,0241,0181,0151,0401,0361,029
Equity, attributable to noncontrolling interest2903823611,0752,4232,367
Total equity:698,836686,832658,425762,261910,645938,323
TOTAL LIABILITIES AND EQUITY:1,653,6371,524,0681,509,4751,668,3181,879,8661,892,027

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues560,999549,824551,385585,715594,081545,418
Cost of revenue(76,415)(54,341)(60,309)(57,343)(85,170)(51,340)
Cost of goods and services sold    (1,140) 
Gross profit:484,584495,483491,076528,372508,911494,078
Operating expenses(478,303)(437,749)(449,806)(478,059)(495,161)(453,707)
Other undisclosed operating income (loss)(153)93820,2754,128 1,514
Operating income:6,12858,67261,54554,44113,75041,885
Nonoperating income (expense)(1,976)10,039(4,090)3,6802,067(32,639)
Investment income, nonoperating1,0588539261,4181,0671,067
Gain (loss), foreign currency transaction, before tax(3,034)9,186(5,016)2,2621,000(2,844)
Interest and debt expense(32,455)(27,955)(32,101)(51,273)(30,809)(31,555)
Other undisclosed income from continuing operations before equity method investments, income taxes    1,257 31,555
Income (loss) from continuing operations before equity method investments, income taxes:(28,303)40,75625,3548,105(14,992)9,246
Income (loss) from equity method investments(10,213)11,0139,0759,4846,442 
Income (loss) from continuing operations before income taxes:(38,516)51,76934,42917,589(8,550)9,246
Income tax expense(6,554)(16,368)(17,041)(15,542)(17,628)(21,987)
Other undisclosed income from continuing operations      2,124
Income (loss) from continuing operations:(45,070)35,40117,3882,047(26,178)(10,617)
Income (loss) before gain (loss) on sale of properties:(44,948)36,43315,854(1,735)(31,496)(6,888)
Income (loss) from discontinued operations1221,032(1,534)(3,782)(5,318)3,729
Net income (loss):(44,948)36,43315,854(1,735)(31,496)(6,888)
Net income (loss) attributable to noncontrolling interest(87)(109)411(145)(63)(173)
Net income (loss) available to common stockholders, diluted:(45,035)36,32416,265(1,880)(31,559)(7,061)

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):(44,948)36,43315,854(1,735)(31,496)(6,888)
Other comprehensive income (loss)50,984(12,100)(88,399)(154,269)(6,943)(14,093)
Comprehensive income (loss):6,03624,333(72,545)(156,004)(38,439)(20,981)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(54)(244)6881,02156172
Other undisclosed comprehensive loss, net of tax, attributable to parent     (112)(344)
Comprehensive income (loss), net of tax, attributable to parent:5,98224,089(71,857)(154,983)(38,495)(21,153)

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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