Cannae Holdings Inc. (CNNE) Financial Statements (2024 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)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments282,60085,800759,900534,200354,400263,300
Cash and cash equivalents247,70085,800724,700533,700323,000245,600
Short-term investments34,900 35,20050031,40017,700
Receivables1,900  16,00049,80035,800
Inventory, net of allowances, customer advances and progress billings    16,30022,30029,700
Inventory    16,30022,30029,700
Contract with customer, asset, after allowance for credit loss     9,500
Other current assets26,10035,80084,300   
Other undisclosed current assets    64,40015,70021,400
Total current assets:310,600121,600844,200630,900451,700350,200
Noncurrent Assets
Operating lease, right-of-use asset156,000172,000202,300192,900
Property, plant and equipment87,500100,600145,800 176,400218,800
Long-term investments and receivables2,335,6003,306,4001,453,000855,700415,000439,700
Long-term investments2,335,6003,306,4001,453,000855,700415,000439,700
Intangible assets, net (including goodwill)76,90080,300105,200129,200340,600417,200
Goodwill53,40053,40053,40066,100164,800202,700
Intangible assets, net (excluding goodwill)23,50026,90051,80063,100175,800214,500
Contract with customer, asset, after allowance for credit loss     10,600
Deferred income tax assets22,700  54,500
Other undisclosed noncurrent assets136,200108,7001,862,900229,00065,20061,300
Total noncurrent assets:2,814,9003,768,0003,769,2001,461,3001,007,8001,137,000
TOTAL ASSETS:3,125,5003,889,6004,613,4002,092,2001,459,5001,487,200
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:79,000105,60093,20086,40098,400100,700
Taxes payable7,9009,90011,900  
Employee-related liabilities24,40021,50025,30023,90023,700
Accounts payable25,80022,70025,70019,60023,40020,300
Accrued liabilities53,20050,60036,10029,60051,10056,700
Other undisclosed accounts payable and accrued liabilities      
Deferred revenue18,60023,10023,90026,400
Debt2,3002,30011,30048,5005,900122,200
Deferred revenue and credits26,100
Other undisclosed current liabilities22,80048,50073,60037,40055,700800
Total current liabilities:122,700179,500202,000198,700160,000249,800
Noncurrent Liabilities
Long-term debt and lease obligation95,100180,200247,800319,80042,20012,700
Long-term debt, excluding current maturities95,10014,10052,200120,10042,20012,700
Liabilities, other than long-term debt192,800188,800378,40043,90057,40071,600
Deferred revenue and credits9,100
Accounts payable and accrued liabilities41,80045,00053,10043,90057,40062,500
Deferred income tax liabilities  143,800325,300 
Operating lease, liability151,000166,100195,600199,700
Other undisclosed noncurrent liabilities     200 
Total noncurrent liabilities:287,900369,000626,200363,70099,80084,300
Total liabilities:410,600548,500828,200562,400259,800334,100
Equity
Equity, attributable to parent2,718,8003,335,3003,779,6001,488,5001,124,6001,059,400
Treasury stock, value(414,000)(188,600)(21,100)(5,900)(200) 
Additional paid in capital1,936,2001,888,3001,875,8001,396,7001,146,2001,130,200
Accumulated other comprehensive loss(18,100)(7,200)(4,900)(45,900)(67,200)(71,000)
Retained earnings1,214,7001,642,8001,929,800143,60045,800200
Equity, attributable to noncontrolling interest(3,900)5,8005,60041,30075,10093,700
Total equity:2,714,9003,341,1003,785,2001,529,8001,199,7001,153,100
TOTAL LIABILITIES AND EQUITY:3,125,5003,889,6004,613,4002,092,2001,459,5001,487,200

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues483,400452,5002,965,1001,443,3001,378,5001,179,700
Revenue, net1,169,500
Gain (loss) on disposition of assets for financial service operations(208,000)(20,500)1,580,800  
Cost of revenue(653,700)(724,100)(657,600)(1,054,200)(991,300)(991,000)
Cost of goods and services sold(82,300)(106,700)(125,500)(131,000)(991,300)(991,000)
Other cost of operating revenue(571,400)(617,400)(524,300)(912,800)  
Gross profit:(170,300)(271,600)2,307,500389,100387,200188,700
Operating expenses(153,000)(151,600)(116,600)(133,400)(1,355,200)(1,247,900)
Other undisclosed operating income (loss)178,700289,700(2,379,400)(373,300)818,200980,800
Operating loss:(144,600)(133,500)(188,500)(117,600)(149,800)(78,400)
Nonoperating income (expense)(191,000)(299,500)2,370,400355,500168,4003,200
Investment income, nonoperating(181,200)(310,800)2,379,400373,300173,10010,200
Interest and debt expense(12,300)(9,800)(9,000)(17,800)(4,700)(7,000)
Other undisclosed income from continuing operations before equity method investments, income taxes12,3009,8009,00017,8004,7007,000
Income (loss) from continuing operations before equity method investments, income taxes:(335,600)(433,000)2,181,900237,90018,600(75,200)
Income (loss) from equity method investments(183,900)72,60059,100(115,100)(16,100)3,400
Income (loss) from continuing operations before income taxes:(519,500)(360,400)2,241,000122,8002,500(71,800)
Income tax expense (benefit)89,90074,000(481,200)(24,200)(13,100)16,600
Income (loss) from continuing operations:(429,600)(286,400)1,759,80098,600(10,600)(55,200)
Income (loss) before gain (loss) on sale of properties:(286,400)1,759,80046,800(10,600)92,500
Income (loss) from discontinued operations    (51,800) 147,700
Net income (loss):(429,600)(286,400)1,759,80046,800(10,600)92,500
Net income (loss) attributable to noncontrolling interest1,500(600)26,40030,50038,20016,300
Net income (loss) available to common stockholders, diluted:(428,100)(287,000)1,786,20077,30027,600108,800

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(429,600)(286,400)1,759,80046,800(10,600)92,500
Other comprehensive income (loss)(10,900)(2,300)41,00026,30019,900(2,900)
Comprehensive income (loss):(440,500)(288,700)1,800,80073,1009,30089,600
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1,500(600)26,40030,50038,20016,300
Comprehensive income (loss), net of tax, attributable to parent:(439,000)(289,300)1,827,200103,60047,500105,900

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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