Gamco Investors, Inc. (GBL) Financial Statements (2024 and earlier)

Company Profile

Business Address ONE CORPORATE CENTER
RYE, NY 10580
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6211 - Security Brokers, Dealers, and Flotation Companies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2022
MRQ
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 155,34425,84527,72641,20217,86639,812
Cash and cash equivalents 123,000  41,20217,82139,812
Short-term investments 32,34425,84527,726 45 
Total current assets: 155,34425,84527,72641,20217,86639,812
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 4,0552,4522,678
Operating lease, right-of-use asset 2,600800800
Property, plant and equipment    2,0952,3042,514
Intangible assets, net (including goodwill), including: 3,1763,1763,7653,7653,7653,765
Goodwill 200200200   
Other undisclosed intangible assets, net (including goodwill) 2,9762,9763,5653,7653,7653,765
Total noncurrent assets: 9,8316,4287,2435,8606,0696,279
Other undisclosed assets 66,497153,129154,91787,550104,351103,138
TOTAL ASSETS: 231,672185,402189,886134,612128,286149,229
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation 50,990     
Long-term debt, excluding current maturities 50,990     
Total noncurrent liabilities: 50,990     
Other undisclosed liabilities 86,80298,491135,169125,002224,559315,876
Total liabilities: 137,79298,491135,169125,002224,559315,876
Equity
Equity, attributable to parent, including: 93,88086,91154,7179,610(96,306)(166,647)
Treasury stock, value (345,062)(328,562)(324,660)(287,303)(276,693)(262,369)
Additional paid in capital 28,75321,21917,03314,19212,5723,903
Accumulated other comprehensive income (loss) (177)(165)(204)(240)11,87611,271
Retained earnings 410,333394,386362,515282,928155,93980,515
Other undisclosed equity, attributable to parent 33333333 33
Other undisclosed equity     33 
Total equity: 93,88086,91154,7179,610(96,273)(166,647)
TOTAL LIABILITIES AND EQUITY: 231,672185,402189,886134,612128,286149,229

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

6/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 301,126259,726312,368341,455360,524353,000
Financial services revenue316,705308,459
Cost of revenue
(Cost of Goods and Services Sold)
     (13,666)(6,518)
Gross profit: 301,126259,726312,368341,455346,858346,482
Operating expenses (183,706)(160,117)(194,384)(154,668)(215,504)(161,204)
Other undisclosed operating income     13,6666,518
Operating income: 117,42099,609117,984186,787145,020191,796
Nonoperating expense (13,379)(15,925)(9,326)(32,128)(12,132)(9,569)
Investment income, nonoperating 5508263,1752,2412,3501,511
Interest and debt expense (2,919)(2,620)(2,609)(3,525)(3,300)(12,674)
Other undisclosed income from continuing operations before equity method investments, income taxes  2,6202,6093,5253,30012,674
Income from continuing operations before equity method investments, income taxes: 101,12283,684108,658154,659132,888182,227
Other undisclosed income from continuing operations before income taxes 2,919     
Income from continuing operations before income taxes: 104,04183,684108,658154,659132,888182,227
Income tax expense (30,842)(24,991)(26,741)(37,463)(55,079)(65,106)
Income from continuing operations: 73,19958,69381,917117,19677,809117,121
Income before gain (loss) on sale of properties:73,19958,69381,917117,19677,809117,121
Net income available to common stockholders, basic: 73,19958,69381,917117,19677,809117,121
Interest on convertible debt     2,6041,133
Net income available to common stockholders, diluted: 73,19958,69381,917117,19680,413118,254

Comprehensive Income ($ in thousands)

6/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income: 73,19958,69381,917117,19677,809117,121
Other comprehensive income (loss)    (6)6052,156
Comprehensive income: 73,19958,69381,917117,19078,414119,277
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (12)3936   
Comprehensive income, net of tax, attributable to parent: 73,18758,73281,953117,19078,414119,277

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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