Cannae Holdings, Inc. (CNNE) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
C/O CANNAE HOLDINGS, INC. LAS VEGAS, NV 89134 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 581 - Eating And Drinking Places (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 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 | 121,800 | 282,600 | 85,800 | 759,900 | 534,200 | 354,400 | |||
| Cash and cash equivalent | 106,200 | 247,700 | 85,800 | 724,700 | 533,700 | 323,000 | |||
| Short-term investments | 15,600 | 34,900 | 35,200 | 500 | 31,400 | ||||
| Receivables | 26,000 | 1,900 | 16,000 | 49,800 | |||||
| Inventory, net of allowances, customer advances and progress billings | 16,300 | 22,300 | |||||||
| Inventory | 16,300 | 22,300 | |||||||
| Contract with customer, asset, after allowance for credit loss | 9,500 | ||||||||
| Other current assets | 29,500 | 26,100 | 35,800 | 84,300 | |||||
| Other undisclosed current assets | 64,400 | 15,700 | |||||||
| Total current assets: | 177,300 | 310,600 | 121,600 | 844,200 | 630,900 | 451,700 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 143,500 | 156,000 | 172,000 | 202,300 | 192,900 | ✕ | |||
| Property, plant and equipment | 58,700 | 87,500 | 100,600 | 145,800 | 176,400 | ||||
| Long-term investments and receivables | 2,009,700 | 2,335,600 | 3,306,400 | 1,453,000 | 855,700 | 415,000 | |||
| Long-term investments | 2,009,700 | 2,335,600 | 3,306,400 | 1,453,000 | 855,700 | 415,000 | |||
| Intangible assets, net (including goodwill) | 70,200 | 76,900 | 80,300 | 105,200 | 129,200 | 340,600 | |||
| Goodwill | 53,400 | 53,400 | 53,400 | 53,400 | 66,100 | 164,800 | |||
| Intangible assets, net (excluding goodwill) | 16,800 | 23,500 | 26,900 | 51,800 | 63,100 | 175,800 | |||
| Contract with customer, asset, after allowance for credit loss | 10,600 | ||||||||
| Deferred income tax assets | 82,000 | 22,700 | 54,500 | ✕ | |||||
| Other undisclosed noncurrent assets | 145,300 | 136,200 | 108,700 | 1,862,900 | 229,000 | 65,200 | |||
| Total noncurrent assets: | 2,509,400 | 2,814,900 | 3,768,000 | 3,769,200 | 1,461,300 | 1,007,800 | |||
| TOTAL ASSETS: | 2,686,700 | 3,125,500 | 3,889,600 | 4,613,400 | 2,092,200 | 1,459,500 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 74,200 | 79,000 | 105,600 | 93,200 | 86,400 | 98,400 | |||
| Taxes payable | ✕ | ✕ | ✕ | 7,900 | 9,900 | 11,900 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 24,400 | 21,500 | 25,300 | 23,900 | ||
| Accounts payable | 27,000 | 25,800 | 22,700 | 25,700 | 19,600 | 23,400 | |||
| Accrued liabilities | 38,200 | 53,200 | 50,600 | 36,100 | 29,600 | 51,100 | |||
| Other undisclosed accounts payable and accrued liabilities | 9,000 | ||||||||
| Deferred revenue | 16,900 | 18,600 | 23,100 | 23,900 | 26,400 | ✕ | |||
| Debt | 2,500 | 2,300 | 2,300 | 11,300 | 48,500 | 5,900 | |||
| Other undisclosed current liabilities | 13,900 | 22,800 | 48,500 | 73,600 | 37,400 | 55,700 | |||
| Total current liabilities: | 107,500 | 122,700 | 179,500 | 202,000 | 198,700 | 160,000 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 102,500 | 95,100 | 180,200 | 247,800 | 319,800 | 42,200 | |||
| Long-term debt, excluding current maturities | 102,500 | 95,100 | 14,100 | 52,200 | 120,100 | 42,200 | |||
| Liabilities, other than long-term debt | 167,500 | 192,800 | 188,800 | 378,400 | 43,900 | 57,400 | |||
| Accounts payable and accrued liabilities | 25,300 | 41,800 | 45,000 | 53,100 | 43,900 | 57,400 | |||
| Deferred income tax liabilities | 143,800 | 325,300 | ✕ | ||||||
| Operating lease, liability | 142,200 | 151,000 | 166,100 | 195,600 | 199,700 | ✕ | |||
| Other undisclosed noncurrent liabilities | 200 | ||||||||
| Total noncurrent liabilities: | 270,000 | 287,900 | 369,000 | 626,200 | 363,700 | 99,800 | |||
| Total liabilities: | 377,500 | 410,600 | 548,500 | 828,200 | 562,400 | 259,800 | |||
| Equity | |||||||||
| Equity, attributable to parent | 2,324,500 | 2,718,800 | 3,335,300 | 3,779,600 | 1,488,500 | 1,124,600 | |||
| Treasury stock, value | (533,900) | (414,000) | (188,600) | (21,100) | (5,900) | (200) | |||
| Additional paid in capital | 1,977,000 | 1,936,200 | 1,888,300 | 1,875,800 | 1,396,700 | 1,146,200 | |||
| Accumulated other comprehensive loss | (19,900) | (18,100) | (7,200) | (4,900) | (45,900) | (67,200) | |||
| Retained earnings | 901,300 | 1,214,700 | 1,642,800 | 1,929,800 | 143,600 | 45,800 | |||
| Equity, attributable to noncontrolling interest | (15,300) | (3,900) | 5,800 | 5,600 | 41,300 | 75,100 | |||
| Total equity: | 2,309,200 | 2,714,900 | 3,341,100 | 3,785,200 | 1,529,800 | 1,199,700 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,686,700 | 3,125,500 | 3,889,600 | 4,613,400 | 2,092,200 | 1,459,500 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 499,700 | 483,400 | 452,500 | 2,965,100 | 1,443,300 | 1,378,500 | ||
| Gain (loss) on disposition of assets for financial service operations | 16,300 | (208,000) | (20,500) | 1,580,800 | ||||
| Cost of revenue | (546,000) | (653,700) | (724,100) | (657,600) | (1,054,200) | (991,300) | ||
| Cost of product and service sold | (19,000) | (82,300) | (106,700) | (125,500) | (131,000) | (991,300) | ||
| Other cost of operating revenue | (474,900) | (571,400) | (617,400) | (524,300) | (912,800) | |||
| Gross profit: | (46,300) | (170,300) | (271,600) | 2,307,500 | 389,100 | 387,200 | ||
| Operating expenses | (142,900) | (153,000) | (151,600) | (116,600) | (133,400) | (1,355,200) | ||
| Other undisclosed operating income (loss) | 70,300 | 178,700 | 289,700 | (2,379,400) | (373,300) | 818,200 | ||
| Operating loss: | (118,900) | (144,600) | (133,500) | (188,500) | (117,600) | (149,800) | ||
| Nonoperating income (expense) | (88,200) | (191,000) | (299,500) | 2,370,400 | 355,500 | 168,400 | ||
| Investment income, nonoperating | (83,900) | (181,200) | (310,800) | 2,379,400 | 373,300 | 173,100 | ||
| Interest and debt expense | (17,900) | (12,300) | (9,800) | (9,000) | (17,800) | (4,700) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 17,900 | 12,300 | 9,800 | 9,000 | 17,800 | 4,700 | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (207,100) | (335,600) | (433,000) | 2,181,900 | 237,900 | 18,600 | ||
| Income (loss) from equity method investments | (194,000) | (183,900) | 72,600 | 59,100 | (115,100) | (16,100) | ||
| Income (loss) from continuing operations before income taxes: | (401,100) | (519,500) | (360,400) | 2,241,000 | 122,800 | 2,500 | ||
| Income tax expense (benefit) | 77,000 | 89,900 | 74,000 | (481,200) | (24,200) | (13,100) | ||
| Income (loss) from continuing operations: | (324,100) | (429,600) | (286,400) | 1,759,800 | 98,600 | (10,600) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (286,400) | 1,759,800 | 46,800 | (10,600) | |
| Loss from discontinued operations | (51,800) | |||||||
| Net income (loss): | (324,100) | (429,600) | (286,400) | 1,759,800 | 46,800 | (10,600) | ||
| Net income (loss) attributable to noncontrolling interest | 10,700 | 1,500 | (600) | 26,400 | 30,500 | 38,200 | ||
| Net income (loss) available to common stockholders, diluted: | (313,400) | (428,100) | (287,000) | 1,786,200 | 77,300 | 27,600 | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (324,100) | (429,600) | (286,400) | 1,759,800 | 46,800 | (10,600) | ||
| Other comprehensive income (loss) | (1,800) | (10,900) | (2,300) | 41,000 | 26,300 | 19,900 | ||
| Comprehensive income (loss): | (325,900) | (440,500) | (288,700) | 1,800,800 | 73,100 | 9,300 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 10,700 | 1,500 | (600) | 26,400 | 30,500 | 38,200 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (315,200) | (439,000) | (289,300) | 1,827,200 | 103,600 | 47,500 | ||
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.