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)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments121,80018,50053,600105,000282,600 
Cash and cash equivalents 106,200   247,700 
Short-term investments15,60018,50053,600105,00034,900 
Receivables26,0004,500  1,900 
Other current assets29,50045,20023,80023,40026,10027,400
Other undisclosed current assets 58,100112,700184,800 371,100
Total current assets:177,300126,300190,100313,200310,600398,500
Noncurrent Assets
Operating lease, right-of-use asset143,500122,800150,000152,500156,000158,800
Property, plant and equipment58,70063,30078,60084,80087,50088,900
Long-term investments and receivables2,009,7002,150,1002,307,4002,324,6002,335,6002,331,800
Long-term investments2,009,7002,150,1002,307,4002,324,6002,335,6002,331,800
Intangible assets, net (including goodwill)70,20075,00075,60076,20076,90077,700
Goodwill53,40053,40053,40053,40053,40053,400
Intangible assets, net (excluding goodwill)16,80021,60022,20022,80023,50024,300
Deferred income tax assets82,00084,50047,60031,10022,70076,000
Other undisclosed noncurrent assets145,300146,400146,300150,400136,20049,400
Total noncurrent assets:2,509,4002,642,1002,805,5002,819,6002,814,9002,782,600
TOTAL ASSETS:2,686,7002,768,4002,995,6003,132,8003,125,5003,181,100
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:74,20088,00086,90077,20079,00076,700
Taxes payable39,400
Accounts payable 27,000   25,800 
Accrued liabilities 38,200 1,3008,30053,200 
Other undisclosed accounts payable and accrued liabilities9,00088,00085,60068,900 37,300
Deferred revenue16,90011,50014,20015,00018,60013,600
Debt2,5003,1005,0001,5002,30013,200
Other undisclosed current liabilities13,90015,80021,80030,10022,80062,800
Total current liabilities:107,500118,400127,900123,800122,700166,300
Noncurrent Liabilities
Long-term debt and lease obligation102,50099,50098,300100,40095,100247,000
Long-term debt, excluding current maturities102,50099,50098,300100,40095,10095,500
Liabilities, other than long-term debt167,500184,900187,400190,000192,80042,300
Accounts payable and accrued liabilities25,30040,00040,80041,30041,80042,300
Operating lease, liability142,200144,900146,600148,700151,000151,500
Total noncurrent liabilities:270,000284,400285,700290,400287,900289,300
Total liabilities:377,500402,800413,600414,200410,600455,600
Equity
Equity, attributable to parent2,324,5002,388,9002,592,0002,725,4002,718,8002,727,500
Treasury stock, value(533,900)(526,800)(474,500)(414,100)(414,000)(363,300)
Additional paid in capital1,977,0001,966,0001,957,0001,945,8001,936,2001,924,400
Accumulated other comprehensive loss(19,900)(16,400)(13,900)(16,900)(18,100)(20,800)
Retained earnings901,300966,1001,123,4001,210,6001,214,7001,187,200
Equity, attributable to noncontrolling interest(15,300)(23,300)(10,000)(6,800)(3,900)(2,000)
Total equity:2,309,2002,365,6002,582,0002,718,6002,714,9002,725,500
TOTAL LIABILITIES AND EQUITY:2,686,7002,768,4002,995,6003,132,8003,125,5003,181,100

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues161,00016,200113,300209,200260,700339,500
Gain (loss) on disposition of assets for financial service operations1,6003,500(40,300)45,40083,50052,800
Cost of revenue(111,500)(138,000)(144,200)(152,300)(152,100)(159,200)
Cost of goods and services sold (115,900)(128,300)(131,600) (141,100)
Gross profit:49,500(121,800)(30,900)56,900108,600180,300
Operating expenses(32,500)(57,500)(28,200)(24,700)(24,300)(26,600)
Other undisclosed operating income (loss)(41,700)127,40039,500(54,900)(105,000)(175,000)
Operating loss:(24,700)(51,900)(19,600)(22,700)(20,700)(21,300)
Nonoperating income (expense)38,000(133,200)(43,500)50,500101,300171,400
Investment income, nonoperating37,000(130,800)(42,200)52,100102,600175,000
Interest and debt expense(3,700)(5,800)(4,000)(4,400)(3,700)(3,600)
Other undisclosed income from continuing operations before equity method investments, income taxes3,7005,8004,0004,4003,7003,600
Income (loss) from continuing operations before equity method investments, income taxes:13,300(185,100)(63,100)27,80080,600150,100
Income (loss) from equity method investments(86,800)(26,000)(49,100)(32,100)(29,900)(77,900)
Income (loss) from continuing operations before income taxes:(73,500)(211,100)(112,200)(4,300)50,70072,200
Income tax expense (benefit)17,30040,50021,800(2,600)(21,500)(17,000)
Income (loss) from continuing operations:(56,200)(170,600)(90,400)(6,900)29,20055,200
Income before gain (loss) on sale of properties:55,200
Net income (loss):(56,200)(170,600)(90,400)(6,900)29,20055,200
Net income (loss) attributable to noncontrolling interest(8,600)13,3003,2002,800(1,700)100
Net income (loss) available to common stockholders, diluted:(64,800)(157,300)(87,200)(4,100)27,50055,300

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income (loss):(56,200)(170,600)(90,400)(6,900)29,20055,200
Other comprehensive income (loss)(3,500)(2,500)(800)(300)2,700(6,000)
Other undisclosed comprehensive income   3,8001,500  
Comprehensive income (loss):(59,700)(173,100)(87,400)(5,700)31,90049,200
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(8,600)13,3003,2002,800(1,700)100
Comprehensive income (loss), net of tax, attributable to parent:(68,300)(159,800)(84,200)(2,900)30,20049,300

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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