Town Sports International Holdings, Inc. (CLUBQ) Financial Statements (2024 and earlier)

Company Profile

Business Address 1001 US NORTH HIGHWAY 1
JUPITER, FL 33477
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7997 - Membership Sports and Recreation Clubs (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 20,86429,82337,18048,08850,327
Cash and cash equivalents 20,86429,82337,18048,08850,327
Receivables 3,5243,1943,2373,0503,020
Prepaid expense 7698087038099,490
Other undisclosed current assets 11,44110,01310,2119,98410,441
Total current assets: 36,59843,83851,33161,93173,278
Noncurrent Assets
Operating lease, right-of-use asset 575,928591,674 
Property, plant and equipment 148,726160,565164,042157,677156,985
Intangible assets, net (including goodwill) 41,96942,74640,74631,31622,574
Goodwill 32,95032,81130,02121,87714,769
Intangible assets, net (excluding goodwill) 9,0199,93510,7259,4397,805
Other noncurrent assets 10,1397,6068,0758,7276,788
Other undisclosed noncurrent assets 1,0581,166603,8911,8032,313
Total noncurrent assets: 777,820803,757816,754199,523188,660
TOTAL ASSETS: 814,418847,595868,085261,454261,938
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 41,33237,84138,60336,25337,753
Interest and dividends payable 2899212234157
Accounts payable 4,6454,9875,0023,6723,453
Accrued liabilities 36,65931,86233,47932,54734,143
Deferred revenue 37,86240,195 
Debt 76,92586,37821,39521,08012,705
Contract with customer, liability42,19437,45939,335
Other undisclosed current liabilities 19719371,750314314
Total current liabilities: 156,316164,607173,94295,10690,107
Noncurrent Liabilities
Long-term debt and lease obligation 731,054742,318178,247222,376185,087
Long-term debt, excluding current maturities 179,648180,255178,247178,002185,087
Capital lease obligations44,374 
Finance lease, liability 4,865  
Liabilities, other than long-term debt 12,5729,93810,81711,55656,698
Deferred revenue 8258 
Contract with customer, liability76258318
Deferred rent credit      45,027
Other liabilities 12,4909,88010,74111,29811,353
Operating lease, liability 546,541562,063 
Other undisclosed noncurrent liabilities 2235,139578,8535,1135,436
Total noncurrent liabilities: 743,849757,395767,917239,045247,221
Total liabilities: 900,165922,002941,859334,151337,328
Equity
Equity, attributable to parent (85,460)(74,441)(73,917)(72,990)(75,853)
Common stock 2626262525
Additional paid in capital 1,165308(512)(1,644)(2,235)
Accumulated other comprehensive income 1,7901,9331,8301,8411,862
Accumulated deficit (88,441)(76,708)(75,261)(73,212)(75,505)
Equity, attributable to noncontrolling interest (287)34143293463
Total equity: (85,747)(74,407)(73,774)(72,697)(75,390)
TOTAL LIABILITIES AND EQUITY: 814,418847,595868,085261,454261,938

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

3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
Revenues(350,798)115,496118,704116,598113,481110,173
Cost of revenue (108,888)(109,277)(107,738)(84,305)(100,876)
Gross profit: 6,6089,4278,86029,1769,297
Operating expenses (15,437)(7,855)(7,616)(24,660)(9,309)
Operating income (loss): (8,829)1,5721,2444,516(12)
Nonoperating income
(Investment Income, Nonoperating)
 121628646
Interest and debt expense (3,221)(3,240)(3,452)(3,479)(3,493)
Income (loss) from continuing operations before equity method investments, income taxes: (12,038)(1,652)(2,180)1,043(3,459)
Other undisclosed income from continuing operations before income taxes 5893558279
Income (loss) from continuing operations before income taxes: (11,980)(1,559)(2,125)1,125(3,380)
Income tax expense (benefit) (74)2(74)962(562)
Income (loss) from continuing operations: (12,054)(1,557)(2,199)2,087(3,942)
Income (loss) before gain (loss) on sale of properties: (12,054)(1,557)(2,199)2,087(3,942)
Net income (loss): (12,054)(1,557)(2,199)2,087(3,942)
Net income (loss) attributable to noncontrolling interest 321110150206(4)
Net income (loss) available to common stockholders, diluted: (11,733)(1,447)(2,049)2,293(3,946)

Comprehensive Income ($ in thousands)

3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
Net income (loss): (12,054)(1,557)(2,199)2,087(3,942)
Other comprehensive income (loss) 143(103)11 60
Other undisclosed comprehensive loss     (21) 
Comprehensive income (loss): (11,911)(1,660)(2,188)2,066(3,882)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 321110150206(4)
Comprehensive income (loss), net of tax, attributable to parent: (11,590)(1,550)(2,038)2,272(3,886)

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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