GlassBridge Enterprises, Inc. (GLAE) Financial Statements (2023 and earlier)

Company Profile

Business Address 18 EAST 50TH STREET FL7TH
NEW YORK, NY 10022
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6282 - Investment Advice (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4165103270
Cash and cash equivalents416591070
Short-term investments  0 122 
Receivables000 6825
Inventory, net of allowances, customer advances and progress billings    4411
Inventory    4411
Prepaid expense  2    
Disposal group, including discontinued operation   2111 
Assets held-for-sale, not part of disposal group      21
Other current assets 1112325
Total current assets:42992158152
Noncurrent Assets
Property, plant and equipment 2  135
Long-term investments and receivables 1315    
Long-term investments 1315    
Intangible assets, net (including goodwill) 851 878
Goodwill 851  44
Intangible assets, net (excluding goodwill)    834
Disposal group, including discontinued operation, noncurrent assets   033 
Other noncurrent assets   6714
Other undisclosed noncurrent assets1302    
Total noncurrent assets:1323687191417
TOTAL ASSETS:172576154071168
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities14442323110
Accounts payable12206744
Accrued liabilities 223171666
Debt 11    0
Disposal group, including discontinued operation   5540 
Other liabilities0      
Total current liabilities:215482863110
Noncurrent Liabilities
Long-term debt and lease obligation3      
Long-term debt, excluding current maturities3      
Liabilities, other than long-term debt0181426393434
Liability, pension and other postretirement and postemployment benefits  14    
Due to related parties 18     
Disposal group, including discontinued operation, liabilities   294 
Other liabilities00024302934
Other undisclosed noncurrent liabilities 028    
Total noncurrent liabilities:4184226393434
Total liabilities:53345346797144
Stockholders' equity
Stockholders' equity attributable to parent12(30)6(19)(22)(25)24
Common stock   00 0
Treasury stock, value(25)(25)(25)(25)(27)(28)(28)
Additional paid in capital1,0731,0601,0541,0491,0511,0431,042
Accumulated other comprehensive loss  (21)(21)(19)(21)(96)
Accumulated deficit(1,036)(1,065)(1,003)(1,023)(1,028)(1,019)(894)
Stockholders' equity attributable to noncontrolling interest 2326 (5)  
Total stockholders' equity:12(8)31(19)(27)(25)24
TOTAL LIABILITIES AND EQUITY:172576154071168

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues010 3744529
Revenue, net3744529
Insurance commissions and fees 0  
Realized investment losses (2)     
Other income 0     
Cost of revenue
(Cost of Goods and Services Sold)
    (20)(25)(428)
Gross profit:010 1719101
Operating expenses(6)(51)(4)(8)(46)(54)(279)
Operating loss:(6)(51)(3)(8)(29)(35)(177)
Nonoperating income (expense)19(13)15(1)1(5)(1)
Investment income, nonoperating  0(1)100
Other nonoperating income (expense)00 1(1)(5)(1)
Interest and debt expense(2)(3)(0)(0)  (3)
Other undisclosed income from continuing operations before equity method investments, income taxes 300   
Income (loss) from continuing operations before equity method investments, income taxes:11(64)11(9)(29)(40)(182)
Other undisclosed income from continuing operations before income taxes2      
Income (loss) from continuing operations before income taxes:13(64)11(9)(29)(40)(182)
Income tax expense (benefit)   (0)6(0)(13)
Other undisclosed income from continuing operations   0   
Income (loss) from continuing operations:13(64)11(9)(23)(40)(194)
Income (loss) from discontinued operations16 12134(76) 
Net income (loss):29(64)234(19)(116)(194)
Net income (loss) attributable to noncontrolling interest 1(3) 10  
Other undisclosed net loss attributable to parent(23)    (10) 
Net income (loss) available to common stockholders, diluted:6(62)204(8)(125)(194)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):29(64)234(19)(116)(194)
Other comprehensive income (loss) 210(2)2 (11)
Comprehensive income (loss):29(43)232(17)(116)(205)
Comprehensive income, net of tax, attributable to noncontrolling interest    10  
Other undisclosed comprehensive income, net of tax, attributable to parent     66 
Comprehensive income (loss), net of tax, attributable to parent:29(43)232(7)(50)(205)

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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