Drive Shack Inc. (DSHKP) Financial Statements (2025 and earlier)
Company Profile
Business Address |
10670 N. CENTRAL EXPRESSWAY, SUITE 700 DALLAS, TX 75231 |
State of Incorp. | MD |
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)
9/30/2022 MRQ | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments, including: | 61,772 | 51,009 | 31,475 | 82,188 | 169,986 | 146,544 | |||
Cash and cash equivalents | 58,286 | 47,786 | 28,423 | 79,235 | 167,692 | 140,140 | |||
Short-term investments | 3,486 | 3,223 | 3,052 | 2,953 | 2,294 | ||||
Other undisclosed cash, cash equivalents, and short-term investments | 6,404 | ||||||||
Restricted cash and investments | 3,480 | 2,252 | 3,103 | 3,326 | 5,178 | ||||
Receivables | 5,563 | 4,446 | 5,249 | 7,518 | 8,780 | ||||
Inventory, net of allowances, customer advances and progress billings | 2,229 | 1,950 | 2,762 | 2,855 | 4,722 | 4,496 | |||
Inventory | 2,229 | 1,950 | 2,762 | 2,855 | 4,722 | 4,496 | |||
Other current assets | 30,034 | 14,410 | 17,521 | 20,505 | 23,568 | ||||
Other undisclosed current assets | (2,229) | (1,950) | 14,186 | 73,007 | (4,722) | ||||
Total current assets: | 100,849 | 72,117 | 74,296 | 189,399 | 207,512 | 151,040 | |||
Noncurrent Assets | |||||||||
Finance lease, right-of-use asset, after accumulated amortization | 14,283 | 19,043 | ✕ | ✕ | ✕ | ||||
Operating lease, right-of-use asset | 181,915 | 192,828 | 215,308 | ✕ | ✕ | ✕ | |||
Property, plant and equipment | 179,641 | 132,605 | 241,258 | 53,338 | |||||
Long-term investments and receivables | 24,020 | 22,613 | 21,135 | 19,300 | |||||
Long-term investments | 24,020 | 22,613 | 21,135 | 19,300 | |||||
Intangible assets, net (including goodwill) | 13,430 | 15,124 | 17,565 | 48,388 | 57,276 | 65,112 | |||
Intangible assets, net (excluding goodwill) | 13,430 | 15,124 | 17,565 | 48,388 | 57,276 | 65,112 | |||
Restricted cash and investments | 798 | 795 | 438 | 258 | 818 | ||||
Other noncurrent assets | 6,538 | 6,765 | 4,723 | 8,684 | 8,649 | 38,569 | |||
Other undisclosed noncurrent assets | 164,977 | 150,382 | |||||||
Total noncurrent assets: | 381,941 | 384,937 | 441,695 | 212,548 | 329,136 | 176,319 | |||
Other undisclosed assets | 844,599 | ||||||||
TOTAL ASSETS: | 482,790 | 457,054 | 515,991 | 401,947 | 536,648 | 1,171,958 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities, including: | 34,469 | 29,596 | 25,877 | 45,284 | 36,797 | ||||
Interest and dividends payable | ✕ | 930 | 930 | 930 | 930 | ||||
Accrued liabilities | 3,455 | 4,318 | 2,769 | 2,885 | 2,160 | ||||
Other undisclosed accounts payable and accrued liabilities | 30,084 | 25,278 | 22,178 | 41,469 | 33,707 | ||||
Deferred revenue | 26,301 | 23,010 | 26,268 | ✕ | ✕ | ✕ | |||
Debt | 5,400 | 6,470 | 6,154 | 5,489 | 4,652 | 600,964 | |||
Other liabilities | 26,524 | 28,217 | 23,964 | 22,285 | 22,596 | ||||
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 31,207 | |||
Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | ✕ | 8,733 | |||
Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | 18,793 | ✕ | ✕ | ||
Other undisclosed current liabilities | 18,039 | 14,692 | 10,795 | 11,808 | |||||
Total current liabilities: | 110,733 | 101,985 | 93,058 | 103,659 | 103,985 | 600,964 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation, including: | 217,205 | 219,019 | 238,867 | 10,489 | 112,105 | ||||
Long-term debt, excluding current maturities | 51,174 | 51,182 | 51,192 | 51,200 | 51,208 | ||||
Other undisclosed long-term debt and lease obligation | (40,711) | 60,897 | |||||||
Liabilities, other than long-term debt | 11,492 | 13,400 | 9,561 | 11,248 | 98,299 | 4,225 | |||
Customer advances or deposits | ✕ | ✕ | ✕ | ✕ | ✕ | 86,523 | |||
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 6,930 | |||
Deferred revenue | 10,005 | 9,953 | 6,283 | ✕ | ✕ | ✕ | |||
Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | 6,016 | ✕ | ✕ | ||
Off-market lease, unfavorable | 4,225 | ||||||||
Other liabilities | 1,487 | 3,447 | 3,278 | 5,232 | 4,846 | ||||
Operating lease, liability | 166,031 | 167,837 | 187,675 | ✕ | ✕ | ✕ | |||
Other undisclosed noncurrent liabilities | 113,505 | 112,613 | 108,930 | 141,884 | 51,208 | ||||
Total noncurrent liabilities: | 342,202 | 345,032 | 357,358 | 163,621 | 261,612 | 4,225 | |||
Other undisclosed liabilities | 348,702 | ||||||||
Total liabilities: | 452,935 | 447,017 | 450,416 | 267,280 | 365,597 | 953,891 | |||
Equity | |||||||||
Equity, attributable to parent | 28,399 | 10,037 | 65,575 | 134,667 | 171,051 | 218,067 | |||
Preferred stock | 61,583 | 61,583 | 61,583 | 61,583 | 61,583 | 61,583 | |||
Common stock | 921 | 673 | 671 | 670 | 670 | 668 | |||
Additional paid in capital | 3,233,608 | 3,178,704 | 3,177,183 | 3,175,843 | 3,173,281 | 3,172,720 | |||
Accumulated other comprehensive income | 1,163 | 1,468 | 1,710 | 1,878 | 1,370 | 1,168 | |||
Accumulated deficit | (3,268,876) | (3,232,391) | (3,175,572) | (3,105,307) | (3,065,853) | (3,018,072) | |||
Equity, attributable to noncontrolling interest | 1,456 | ||||||||
Total equity: | 29,855 | 10,037 | 65,575 | 134,667 | 171,051 | 218,067 | |||
TOTAL LIABILITIES AND EQUITY: | 482,790 | 457,054 | 515,991 | 401,947 | 536,648 | 1,171,958 |
Income Statement (P&L) ($ in thousands)
9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
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Revenues | 281,864 | 219,987 | 272,064 | 314,369 | 292,594 | 298,880 | ||
Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 221,737 | 226,255 | |
Cost of revenue | (45,458) | (67,877) | (110,042) | (147) | (60) | (300) | ||
Cost of goods and services sold | (12,814) | (8,834) | (15,217) | |||||
Provision for loan, lease, and other losses | (147) | ✕ | ✕ | |||||
Amortization of mortgage servicing rights (msrs) | (300) | |||||||
Financial services costs | ✕ | ✕ | ✕ | ✕ | ✕ | (60) | ||
Gross profit: | 236,406 | 152,110 | 162,022 | 314,222 | 292,534 | 298,580 | ||
Operating expenses | (257,030) | (188,745) | (229,306) | (340,803) | (337,505) | (338,054) | ||
Other undisclosed operating income | 147 | 60 | 300 | |||||
Operating loss: | (20,624) | (36,635) | (67,284) | (26,434) | (44,911) | (39,174) | ||
Nonoperating income (expense) (Investment Income, Nonoperating) | (9,359) | (18,014) | 13,071 | (11,965) | 3,675 | 116,699 | ||
Interest and debt expense | (10,698) | (11,046) | (230) | (1,542) | (294) | (780) | ||
Income (loss) from continuing operations before equity method investments, income taxes: | (40,681) | (65,695) | (54,443) | (39,941) | (41,530) | 76,745 | ||
Other undisclosed income from continuing operations before income taxes | 10,698 | 11,046 | 230 | 1,542 | 294 | 780 | ||
Income (loss) from continuing operations before income taxes: | (29,983) | (54,649) | (54,213) | (38,399) | (41,236) | 77,525 | ||
Income tax expense | (1,779) | (1,705) | (641) | (284) | (965) | (189) | ||
Income (loss) from continuing operations: | (31,762) | (56,354) | (54,854) | (38,683) | (42,201) | 77,336 | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | (31,762) | (56,354) | (54,854) | (38,683) | (42,201) | 77,336 | |
Net income (loss): | (31,762) | (56,354) | (54,854) | (38,683) | (42,201) | 77,336 | ||
Net income (loss) attributable to noncontrolling interest | 393 | (257) | ||||||
Net income (loss) attributable to parent: | (31,369) | (56,354) | (54,854) | (38,683) | (42,201) | 77,079 | ||
Preferred stock dividends and other adjustments | (5,580) | (5,580) | (5,580) | (5,580) | (5,580) | (5,580) | ||
Net income (loss) available to common stockholders, diluted: | (36,949) | (61,934) | (60,434) | (44,263) | (47,781) | 71,499 |
Comprehensive Income ($ in thousands)
9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
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Net income (loss): | (31,762) | (56,354) | (54,854) | (38,683) | (42,201) | 77,336 | ||
Other comprehensive income (loss) | (305) | (168) | 508 | 202 | (32,129) | |||
Other undisclosed comprehensive loss | (242) | |||||||
Comprehensive income (loss): | (32,067) | (56,596) | (55,022) | (38,175) | (41,999) | 45,207 | ||
Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 393 | (257) | ||||||
Comprehensive income (loss), net of tax, attributable to parent: | (31,674) | (56,596) | (55,022) | (38,175) | (41,999) | 44,950 |
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.