Boston Omaha Corporation (BOC) Financial Statements (2024 and earlier)

Company Profile

Business Address 1601 DODGE STREET
OMAHA, NE 68102
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 651 - Real Estate Operators (except Developers) And Lessors (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2024
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 investments46,70031,78277,23850,59422,57623,356
Cash and cash equivalents21,94725,49372,50943,54416,02917,105
Short-term investments24,7536,2894,7297,0516,5476,251
Restricted cash and investments17,46629,1739,18610,2862,2021,039
Receivables12,3276,0274,50124,3284,6474,498
Prepaid expense5,5714,6892,8631,7941,4232,824
Asset, held-in-trust   138,760   
Other undisclosed current assets49,32342,289158,162101,804131,31786,845
Total current assets:131,388113,961390,710188,808162,164118,562
Noncurrent Assets
Operating lease, right-of-use asset61,39964,71961,25352,84953,250
Property, plant and equipment144,267115,59076,45548,50836,82541,702
Long-term investments and receivables87,10426,13719,31724,23542,63832,382
Long-term investments87,10426,13719,31724,23542,63832,382
Intangible assets, net (including goodwill)247,912247,806196,689168,820138,544135,718
Goodwill182,380179,464151,337124,446106,27398,686
Intangible assets, net (excluding goodwill)65,53268,34245,35244,37432,27237,033
Restricted cash and investments      974
Other noncurrent assets119116156427365876
Other undisclosed noncurrent assets96,017115,38962,47426,0063,1221,981
Total noncurrent assets:636,820569,757416,344320,846274,744213,633
TOTAL ASSETS:768,207683,718807,054509,654436,908332,195
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:18,43910,96425,2716,3625,6753,551
Other undisclosed accounts payable and accrued liabilities18,43910,96425,2716,3625,6753,551
Deferred revenue2,6282,5312,2071,9151,390
Debt8151,5451,4901,2834,306 
Derivative instruments and hedges, liabilities   4,760   
Other liabilities  330    
Other undisclosed current liabilities29,50437,60920,29719,08810,3108,885
Total current liabilities:51,38652,97954,02628,64721,68112,436
Noncurrent Liabilities
Long-term debt and lease obligation26,52326,95484,54269,35765,755 
Long-term debt, excluding current maturities26,52326,95428,51021,77517,556 
Liabilities, other than long-term debt73,84677,13627,8902,4552,5003,140
Asset retirement obligations3,7953,5703,1632,2822,0451,824
Deferred income tax liabilities12,11213,94817,7515757
Other liabilities1,5013361,4001163991,316
Operating lease, liability56,43859,28256,03347,58248,200
Derivative instruments and hedges, liabilities   5,577   
Other undisclosed noncurrent liabilities      57
Total noncurrent liabilities:100,369104,090112,43271,81268,2563,197
Total liabilities:151,755157,068166,458100,46089,93715,634
Temporary equity, carrying amount15,63815,713144,2716,3181,7301,346
Equity
Equity, attributable to parent, including:538,207503,527496,325402,876345,241315,215
Additional paid in capital522,507483,918483,855424,205367,029335,518
Retained earnings (accumulated deficit)15,66919,58012,440(21,356)(21,812)(20,325)
Warrants and rights outstanding     1,1711,420
Other undisclosed equity, attributable to parent31303027(1,147)(1,398)
Equity, attributable to noncontrolling interest62,6077,409    
Total equity:600,814510,936496,325402,876345,241315,215
TOTAL LIABILITIES AND EQUITY:768,207683,718807,054509,654436,908332,195

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues96,25481,23456,97245,74341,38920,021
Premiums earned, net13,93310,6497,68611,72410,9443,184
Cost of revenue(88,693)(73,457)(70,669)(42,772)(46,796)(5,639)
Cost of goods and services sold     (11,321) 
Other cost of operating revenue      (1,950)
Other undisclosed gross profit56,79246,76752,07824,26329,184(1,950)
Gross profit:64,35354,54438,38127,23523,77812,433
Operating expenses(16,413)(13,007)(10,070)(6,997)(7,005)(4,552)
Other undisclosed operating loss(56,792)(46,767)(52,078)(24,263)(29,184)(20,139)
Operating loss:(8,852)(5,230)(23,767)(4,026)(12,412)(12,258)
Nonoperating income
(Investment Income, Nonoperating)
8,74225,413    
Interest and debt expense(1,147)(1,208)(956)(842)(303)(2)
Income (loss) from continuing operations before equity method investments, income taxes:(1,258)18,975(24,723)(4,868)(12,715)(12,259)
Income (loss) from equity method investments(7,889)(1,388)8795,187479500
Other undisclosed income (loss) from continuing operations before income taxes (13,798)97,01817710,7542,600
Income (loss) from continuing operations before income taxes:(9,146)3,78973,174496(1,481)(9,159)
Income tax expense (benefit)2,9793,496(17,694) (2,609)(2,596)
Income (loss) from continuing operations:(6,168)7,28555,480496(4,090)(11,755)
Income (loss) before gain (loss) on sale of properties:55,480496(4,090)(11,755)
Other undisclosed net income     2,6092,596
Net income (loss):(6,168)7,28555,480496(1,481)(9,159)
Net income (loss) attributable to noncontrolling interest(911)291(2,732)(41)(6)45
Other undisclosed net income (loss) attributable to parent75(437)    
Net income (loss) available to common stockholders, diluted:(7,004)7,14052,748456(1,487)(9,114)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(6,168)7,28555,480496(1,481)(9,159)
Net income attributable to redeemable noncontrolling interest
Comprehensive income (loss):(6,168)7,28555,480496(1,481)(9,159)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(911)291    
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:(7,079)7,57655,480496(1,481)(9,159)

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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