GlassBridge Enterprises, Inc. (GLAE) Financial Statements (2025 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 thousands)
9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 1,200 | 4,100 | 1,300 | 5,700 | 4,900 | 9,500 | |||
Cash and cash equivalents | 1,200 | 4,100 | 1,300 | 5,500 | 4,900 | 8,800 | |||
Short-term investments | 200 | 700 | |||||||
Receivables | 100 | 100 | 100 | 100 | 5,800 | ||||
Inventory, net of allowances, customer advances and progress billings | 3,500 | ||||||||
Inventory | 3,500 | ||||||||
Prepaid expense | 1,700 | ||||||||
Disposal group, including discontinued operation | 2,400 | 500 | |||||||
Other current assets | 1,000 | 1,100 | 1,200 | 2,100 | |||||
Total current assets: | 1,300 | 4,200 | 2,400 | 8,600 | 8,500 | 21,400 | |||
Noncurrent Assets | |||||||||
Property, plant and equipment | 1,500 | 800 | |||||||
Long-term investments and receivables | 12,800 | 14,800 | |||||||
Long-term investments | 12,800 | 14,800 | |||||||
Intangible assets, net (including goodwill) | 8,300 | 50,600 | 8,200 | ||||||
Goodwill | 8,300 | 50,600 | |||||||
Intangible assets, net (excluding goodwill) | 8,200 | ||||||||
Disposal group, including discontinued operation, noncurrent assets | 400 | 2,900 | |||||||
Deferred costs | |||||||||
Other noncurrent assets | 6,100 | 6,900 | |||||||
Other undisclosed noncurrent assets | 13,300 | 13,000 | 400 | 2,400 | |||||
Total noncurrent assets: | 13,300 | 13,000 | 23,000 | 67,800 | 6,500 | 18,800 | |||
TOTAL ASSETS: | 14,600 | 17,200 | 25,400 | 76,400 | 15,000 | 40,200 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 1,200 | 1,100 | 3,600 | 3,500 | 3,700 | 22,800 | |||
Accounts payable | 1,200 | 1,100 | 1,800 | 2,000 | 400 | 6,100 | |||
Accrued liabilities | 1,800 | 1,500 | 3,300 | 16,700 | |||||
Debt | 11,000 | ||||||||
Disposal group, including discontinued operation | 4,600 | 5,300 | |||||||
Other liabilities | 400 | 400 | |||||||
Total current liabilities: | 1,600 | 1,500 | 14,600 | 3,500 | 8,300 | 28,100 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 3,700 | 3,400 | |||||||
Long-term debt, excluding current maturities | 3,700 | 3,400 | |||||||
Liabilities, other than long-term debt | 200 | 18,000 | 13,700 | 25,900 | 38,800 | ||||
Liability, pension and other postretirement and postemployment benefits | 13,500 | ||||||||
Due to related parties | ✕ | 17,800 | |||||||
Disposal group, including discontinued operation, liabilities | 2,200 | 9,100 | |||||||
Other liabilities | 200 | 200 | 200 | 23,700 | 29,700 | ||||
Other undisclosed noncurrent liabilities | 200 | 400 | 27,900 | ||||||
Total noncurrent liabilities: | 3,900 | 3,600 | 18,400 | 41,600 | 25,900 | 38,800 | |||
Total liabilities: | 5,500 | 5,100 | 33,000 | 45,100 | 34,200 | 66,900 | |||
Equity | |||||||||
Equity, attributable to parent | 9,100 | 12,100 | (30,300) | 5,700 | (19,200) | (22,000) | |||
Common stock | 100 | 100 | |||||||
Treasury stock, value | (24,900) | (24,900) | (24,900) | (24,900) | (24,700) | (26,600) | |||
Additional paid in capital | 1,073,000 | 1,073,000 | 1,059,600 | 1,053,900 | 1,049,000 | 1,050,900 | |||
Accumulated other comprehensive loss | (20,600) | (20,700) | (18,900) | ||||||
Accumulated deficit | (1,039,000) | (1,036,000) | (1,065,000) | (1,002,700) | (1,022,900) | (1,027,500) | |||
Equity, attributable to noncontrolling interest | 22,700 | 25,600 | (4,700) | ||||||
Total equity: | 9,100 | 12,100 | (7,600) | 31,300 | (19,200) | (26,700) | |||
TOTAL LIABILITIES AND EQUITY: | 14,600 | 17,200 | 25,400 | 76,400 | 15,000 | 40,200 |
Income Statement (P&L) ($ in thousands)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
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Revenues | 100 | 100 | 500 | 100 | 36,500 | |||
Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 36,500 | |
Insurance commissions and fees | 400 | ✕ | ||||||
Realized investment losses | (1,900) | |||||||
Other income | 100 | |||||||
Cost of revenue (Cost of Goods and Services Sold) | (19,800) | |||||||
Gross profit: | 100 | 100 | 500 | 100 | 16,700 | |||
Operating expenses | (3,100) | (6,300) | (51,200) | (3,500) | (8,300) | (46,000) | ||
Other undisclosed operating income | ||||||||
Operating loss: | (3,000) | (6,200) | (50,700) | (3,400) | (8,300) | (29,300) | ||
Nonoperating income (expense) | 300 | 19,200 | (12,900) | 14,800 | (500) | 600 | ||
Investment income, nonoperating | 300 | (900) | 1,200 | |||||
Other nonoperating income (expense) | 300 | 400 | 100 | 500 | (600) | |||
Interest and debt expense | (300) | (2,000) | (2,600) | (300) | (100) | |||
Other undisclosed income from continuing operations before equity method investments, income taxes | 2,600 | 300 | 100 | |||||
Income (loss) from continuing operations before equity method investments, income taxes: | (3,000) | 11,000 | (63,600) | 11,400 | (8,800) | (28,700) | ||
Other undisclosed income from continuing operations before income taxes | 2,000 | |||||||
Income (loss) from continuing operations before income taxes: | (3,000) | 13,000 | (63,600) | 11,400 | (8,800) | (28,700) | ||
Income tax expense (benefit) | (100) | 5,800 | ||||||
Other undisclosed income from continuing operations | 200 | |||||||
Income (loss) from continuing operations: | (3,000) | 13,000 | (63,600) | 11,400 | (8,700) | (22,900) | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 29,000 | (63,600) | 23,100 | 4,100 | (18,600) | |
Income from discontinued operations | 16,000 | 11,700 | 12,800 | 4,300 | ||||
Net income (loss): | (3,000) | 29,000 | (63,600) | 23,100 | 4,100 | (18,600) | ||
Net income (loss) attributable to noncontrolling interest | 1,300 | (2,900) | 10,200 | |||||
Other undisclosed net loss attributable to parent | (22,700) | |||||||
Net income (loss) available to common stockholders, diluted: | (3,000) | 6,300 | (62,300) | 20,200 | 4,100 | (8,400) |
Comprehensive Income ($ in thousands)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
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Net income (loss): | (3,000) | 29,000 | (63,600) | 23,100 | 4,100 | (18,600) | ||
Other comprehensive income (loss) | 20,600 | 100 | (1,800) | 1,700 | ||||
Comprehensive income (loss): | (3,000) | 29,000 | (43,000) | 23,200 | 2,300 | (16,900) | ||
Comprehensive income, net of tax, attributable to noncontrolling interest | 10,300 | |||||||
Comprehensive income (loss), net of tax, attributable to parent: | (3,000) | 29,000 | (43,000) | 23,200 | 2,300 | (6,600) |
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.