Drive Shack Inc. (DS) Financial Statements (2024 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)Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 25,531 | 47,723 | 61,772 | 67,281 | 84,769 | 89,207 | |||
| Cash and cash equivalents | 22,685 | 44,068 | 58,286 | 63,867 | 81,428 | 85,936 | |||
| Short-term investments | 2,846 | 3,655 | 3,486 | 3,414 | 3,341 | 3,271 | |||
| Restricted cash and investments | 4,143 | 3,985 | 3,480 | 3,442 | 2,990 | 2,852 | |||
| Receivables | 5,730 | 5,405 | 5,563 | 4,084 | 4,577 | 5,143 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,791 | 2,657 | 2,229 | 2,106 | 1,953 | 2,012 | |||
| Inventory | 2,791 | 2,657 | 2,229 | 2,106 | 1,953 | 2,012 | |||
| Other current assets | 30,599 | 31,577 | 30,034 | 28,605 | 22,879 | 17,754 | |||
| Other undisclosed current assets | (2,791) | (2,657) | (2,229) | (2,106) | (1,953) | (2,012) | |||
| Total current assets: | 66,003 | 88,690 | 100,849 | 103,412 | 115,215 | 114,956 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 14,283 | 15,507 | 16,081 | 17,741 | |||||
| Operating lease, right-of-use asset | 191,848 | 198,926 | 181,915 | 186,220 | 187,870 | 195,280 | |||
| Intangible assets, net (including goodwill) | 13,106 | 13,509 | 13,430 | 13,767 | 14,181 | 14,574 | |||
| Intangible assets, net (excluding goodwill) | 13,106 | 13,509 | 13,430 | 13,767 | 14,181 | 14,574 | |||
| Restricted cash and investments | 216 | 216 | 798 | 709 | 1,027 | 795 | |||
| Other noncurrent assets | 5,739 | 6,374 | 6,538 | 5,752 | 6,420 | 6,593 | |||
| Other undisclosed noncurrent assets | 181,126 | 172,002 | 164,977 | 159,109 | 155,045 | 149,922 | |||
| Total noncurrent assets: | 392,035 | 391,027 | 381,941 | 381,064 | 380,624 | 384,905 | |||
| TOTAL ASSETS: | 458,038 | 479,717 | 482,790 | 484,476 | 495,839 | 499,861 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 34,776 | 33,310 | 34,469 | 33,812 | 32,752 | 26,308 | |||
| Interest and dividends payable | ✕ | ✕ | 930 | 930 | 930 | 930 | 930 | ||
| Accrued liabilities | 3,797 | 3,006 | 3,455 | 2,967 | 3,122 | ||||
| Other undisclosed accounts payable and accrued liabilities | 30,979 | 29,374 | 30,084 | 32,882 | 28,855 | 22,256 | |||
| Deferred revenue | 17,018 | 23,323 | 26,301 | 13,086 | 16,529 | 20,079 | |||
| Debt | 5,023 | 5,186 | 5,400 | 5,638 | 5,794 | 6,180 | |||
| Other liabilities | 27,733 | 29,375 | 26,524 | 20,744 | 24,775 | 27,504 | |||
| Other undisclosed current liabilities | 20,905 | 18,039 | 18,039 | 17,978 | 14,748 | 14,748 | |||
| Total current liabilities: | 105,455 | 109,233 | 110,733 | 91,258 | 94,598 | 94,819 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 227,627 | 234,474 | 217,205 | 225,953 | 223,551 | 224,708 | |||
| Long-term debt, excluding current maturities | 51,169 | 51,172 | 51,174 | 51,177 | 51,179 | 51,180 | |||
| Liabilities, other than long-term debt | 14,958 | 12,580 | 11,492 | 13,932 | 13,919 | 14,446 | |||
| Deferred revenue | 12,165 | 10,864 | 10,005 | 10,555 | 10,224 | 10,983 | |||
| Other liabilities | 2,793 | 1,716 | 1,487 | 3,377 | 3,695 | 3,463 | |||
| Operating lease, liability | 176,458 | 183,302 | 166,031 | 174,776 | 172,372 | 173,528 | |||
| Other undisclosed noncurrent liabilities | 112,997 | 114,616 | 113,505 | 112,518 | 114,261 | 113,506 | |||
| Total noncurrent liabilities: | 355,582 | 361,670 | 342,202 | 352,403 | 351,731 | 352,660 | |||
| Total liabilities: | 461,037 | 470,903 | 452,935 | 443,661 | 446,329 | 447,479 | |||
| Equity | |||||||||
| Equity, attributable to parent | (5,064) | 7,342 | 28,399 | 39,789 | 49,510 | 52,382 | |||
| Preferred stock | 61,583 | 61,583 | 61,583 | 61,583 | 61,583 | 61,583 | |||
| Common stock | 924 | 921 | 921 | 921 | 921 | 919 | |||
| Additional paid in capital | 3,232,324 | 3,232,912 | 3,233,608 | 3,233,866 | 3,233,269 | 3,232,713 | |||
| Accumulated other comprehensive income (loss) | 170 | 1,163 | 1,163 | 1,254 | 1,326 | 1,392 | |||
| Accumulated deficit | (3,300,065) | (3,289,237) | (3,268,876) | (3,257,835) | (3,247,589) | (3,244,225) | |||
| Equity, attributable to noncontrolling interest | 2,065 | 1,472 | 1,456 | 1,026 | |||||
| Total equity: | (2,999) | 8,814 | 29,855 | 40,815 | 49,510 | 52,382 | |||
| TOTAL LIABILITIES AND EQUITY: | 458,038 | 479,717 | 482,790 | 484,476 | 495,839 | 499,861 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 86,689 | 68,982 | 70,527 | 76,366 | 73,879 | 61,091 | ||
| Cost of revenue | (13,858) | (23,099) | (11,720) | (11,870) | (9,769) | (12,099) | ||
| Cost of goods and services sold | (5,788) | (3,361) | (3,863) | (3,696) | (3,151) | (2,104) | ||
| Gross profit: | 72,831 | 45,883 | 58,807 | 64,496 | 64,110 | 48,992 | ||
| Operating expenses | (79,192) | (64,275) | (66,687) | (70,417) | (63,057) | (56,867) | ||
| Operating income (loss): | (6,361) | (18,392) | (7,880) | (5,921) | 1,053 | (7,875) | ||
| Nonoperating income (expense) (Investment Income, Nonoperating) | (2,338) | 200 | (1,926) | (2,329) | (2,572) | (2,534) | ||
| Interest and debt expense | (3,547) | (2,646) | (2,656) | (2,623) | (2,771) | (2,649) | ||
| Loss from continuing operations before equity method investments, income taxes: | (12,246) | (20,838) | (12,462) | (10,873) | (4,290) | (13,058) | ||
| Other undisclosed income from continuing operations before income taxes | 3,547 | 2,646 | 2,656 | 2,623 | 2,771 | 2,649 | ||
| Loss from continuing operations before income taxes: | (8,699) | (18,192) | (9,806) | (8,250) | (1,519) | (10,409) | ||
| Income tax expense | (868) | (721) | (217) | (616) | (450) | (495) | ||
| Loss from continuing operations: | (9,567) | (18,913) | (10,023) | (8,866) | (1,969) | (10,904) | ||
| Loss before gain (loss) on sale of properties: | (9,567) | (18,913) | (10,023) | (8,866) | (1,969) | (10,904) | ||
| Net loss: | (9,567) | (18,913) | (10,023) | (8,866) | (1,969) | (10,904) | ||
| Net income (loss) attributable to noncontrolling interest | 134 | (53) | 378 | 15 | ||||
| Net loss attributable to parent: | (9,433) | (18,966) | (9,645) | (8,851) | (1,969) | (10,904) | ||
| Preferred stock dividends and other adjustments | (1,395) | (1,395) | (1,395) | (1,395) | (1,395) | (1,395) | ||
| Net loss available to common stockholders, diluted: | (10,828) | (20,361) | (11,040) | (10,246) | (3,364) | (12,299) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (9,567) | (18,913) | (10,023) | (8,866) | (1,969) | (10,904) | ||
| Other comprehensive loss | (993) | (91) | (72) | |||||
| Other undisclosed comprehensive loss | (66) | (76) | ||||||
| Comprehensive loss: | (10,560) | (18,913) | (10,114) | (8,938) | (2,035) | (10,980) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 134 | (53) | 378 | 15 | ||||
| Comprehensive loss, net of tax, attributable to parent: | (10,426) | (18,966) | (9,736) | (8,923) | (2,035) | (10,980) | ||
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.