Douglas Elliman Inc. (DOUG) Financial Statements (2024 and earlier)

Company Profile

Business Address 4400 BISCAYNE BLVD
MIAMI, FL 33137
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6531 - Real Estate Agents and Managers (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments120,970165,734213,845
Cash and cash equivalents119,808163,859211,623
Short-term investments1,1621,8752,222
Restricted cash and investments7,1714,98515,336
Receivables27,10129,70932,488
Contract with customer, asset, after allowance for credit loss   2,187
Other current assets15,47413,68012,166
Other undisclosed current assets10,55910,9514,783
Total current assets:181,275225,059280,805
Noncurrent Assets
Operating lease, right-of-use asset108,172117,773123,538
Property, plant and equipment39,71841,71739,381
Long-term investments and receivables   8,094
Long-term investments   8,094
Intangible assets, net (including goodwill)32,23032,230106,992
Goodwill32,23032,23032,571
Intangible assets, net (excluding goodwill)  74,421
Contract with customer, asset, after allowance for credit loss36,04038,91328,996
Restricted cash and investments   1,907
Deferred income tax assets 977  
Other noncurrent assets7,2126,4834,842
Other undisclosed noncurrent assets87,79588,227614
Total noncurrent assets:312,144325,343314,364
TOTAL ASSETS:493,419550,402595,169
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities19,04823,68432,560
Taxes payable1,240
Employee-related liabilities25,446
Accounts payable6,1365,4565,874
Accrued liabilities12,91218,228 
Deferred revenue11,2348,2226,689
Debt   12,527
Estimated litigation liability   
Other liabilities20,17113,60722,259
Other undisclosed current liabilities46,79644,44558,432
Total current liabilities:97,24989,958132,467
Noncurrent Liabilities
Long-term debt and lease obligation, including:   176
Long-term debt, excluding current maturities   176
Other undisclosed long-term debt and lease obligation   (129,496)
Liabilities, other than long-term debt162,016189,98751,157
Deferred revenue51,17854,70639,557
Deferred income tax liabilities  14,46711,412
Estimated litigation liability   
Other liabilities133306188
Operating lease, liability110,705120,508129,496
Other undisclosed noncurrent liabilities   129,496
Total noncurrent liabilities:162,016189,987180,829
Total liabilities:259,265279,945313,296
Equity
Equity, attributable to parent233,231268,920279,934
Common stock879809812
Additional paid in capital279,904273,111278,500
Retained earnings (accumulated deficit)(47,552)(5,000)622
Equity, attributable to noncontrolling interest9231,5371,939
Total equity:234,154270,457281,873
TOTAL LIABILITIES AND EQUITY:493,419550,402595,169

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Revenues955,5781,153,1771,353,138
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(4,712)(4,064)(3,331)
Gross profit:950,8661,149,1131,349,807
Operating expenses(211,494)(217,184)(169,972)
Other undisclosed operating loss(803,869)(936,470)(1,077,737)
Operating income (loss):(64,497)(4,541)102,098
Nonoperating income
(Investment Income, Nonoperating)
6333,429529
Income (loss) from continuing operations before equity method investments, income taxes:(63,864)(1,112)102,627
Loss from equity method investments(168)(563)(278)
Other undisclosed income (loss) from continuing operations before income taxes5,8131,779(1,564)
Income (loss) from continuing operations before income taxes:(58,219)104100,785
Income tax expense (benefit)15,053(6,503)(2,133)
Income (loss) from continuing operations:(43,166)(6,399)98,652
Income before gain (loss) on sale of properties:98,652
Net income (loss):(43,166)(6,399)98,652
Net income attributable to noncontrolling interest614777186
Net income (loss) attributable to parent:(42,552)(5,622)98,838
Other undisclosed net loss available to common stockholders, basic (307)(704)(12)
Net income (loss) available to common stockholders, diluted:(42,859)(6,326)98,826

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net income (loss):(43,166)(6,399)98,652
Comprehensive income (loss):(43,166)(6,399)98,652
Comprehensive income, net of tax, attributable to noncontrolling interest614777186
Comprehensive income (loss), net of tax, attributable to parent:(42,552)(5,622)98,838

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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