GlassBridge Enterprises, Inc. (GLAE) Financial Statements (2024 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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,2004,1001,3005,7004,9009,500
Cash and cash equivalents1,2004,1001,3005,5004,9008,800
Short-term investments    200 700
Receivables 100100100100 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     2,400500
Other current assets  1,0001,1001,2002,100
Total current assets:1,3004,2002,4008,6008,50021,400
Noncurrent Assets
Property, plant and equipment   1,500  800
Long-term investments and receivables   12,80014,800  
Long-term investments   12,80014,800  
Intangible assets, net (including goodwill)   8,30050,600 8,200
Goodwill   8,30050,600  
Intangible assets, net (excluding goodwill)      8,200
Disposal group, including discontinued operation, noncurrent assets     4002,900
Deferred costs      
Other noncurrent assets    6,1006,900
Other undisclosed noncurrent assets13,30013,0004002,400  
Total noncurrent assets:13,30013,00023,00067,8006,50018,800
TOTAL ASSETS:14,60017,20025,40076,40015,00040,200
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2001,1003,6003,5003,70022,800
Accounts payable1,2001,1001,8002,0004006,100
Accrued liabilities   1,8001,5003,30016,700
Debt   11,000   
Disposal group, including discontinued operation     4,6005,300
Other liabilities400400    
Total current liabilities:1,6001,50014,6003,5008,30028,100
Noncurrent Liabilities
Long-term debt and lease obligation 3,7003,400    
Long-term debt, excluding current maturities 3,7003,400    
Liabilities, other than long-term debt  20018,00013,70025,90038,800
Liability, pension and other postretirement and postemployment benefits    13,500  
Due to related parties  17,800   
Disposal group, including discontinued operation, liabilities     2,2009,100
Other liabilities  20020020023,70029,700
Other undisclosed noncurrent liabilities200 40027,900  
Total noncurrent liabilities:3,9003,60018,40041,60025,90038,800
Total liabilities:5,5005,10033,00045,10034,20066,900
Equity
Equity, attributable to parent9,10012,100(30,300)5,700(19,200)(22,000)
Common stock     100100
Treasury stock, value(24,900)(24,900)(24,900)(24,900)(24,700)(26,600)
Additional paid in capital1,073,0001,073,0001,059,6001,053,9001,049,0001,050,900
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   22,70025,600 (4,700)
Total equity:9,10012,100(7,600)31,300(19,200)(26,700)
TOTAL LIABILITIES AND EQUITY:14,60017,20025,40076,40015,00040,200

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
Revenues100100500100 36,500
Revenue, net36,500
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:100100500100 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) 30019,200(12,900)14,800(500)600
Investment income, nonoperating    300(900)1,200
Other nonoperating income (expense)300400100 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   2,600300100 
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)23,1004,100(18,600)
Income from discontinued operations  16,000 11,70012,8004,300
Net income (loss):(3,000)29,000(63,600)23,1004,100(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)20,2004,100(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
Net income (loss):(3,000)29,000(63,600)23,1004,100(18,600)
Other comprehensive income (loss)   20,600100(1,800)1,700
Comprehensive income (loss):(3,000)29,000(43,000)23,2002,300(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)23,2002,300(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.

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