Goosehead Insurance, Inc. (GSHD) financial statements (2022 and earlier)

Company profile

Business Address 1500 SOLANA BLVD
WESTLAKE, TX 76262
State of Incorp. DE
Fiscal Year End December 31
SIC 6411 - Insurance Agents, Brokers, and Service (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments28,52625,51234,97530,79724,91319,95754,318
Cash and cash equivalents28,52625,51234,97530,79724,91319,95754,318
Restricted cash and investments1,9531,1791,5511,1581,3231,3781,488
Prepaid expense4,7856,4877,3947,5753,7053,9034,981
Contract with customer, asset1,9731,8711,7241,5871,4121,3091,153
Other undisclosed current assets10,5767,3447,0636,68719,29212,89810,419
Total current assets:47,81342,39352,70747,80450,64539,44572,359
Noncurrent Assets
Operating lease, right-of-use asset32,65635,38434,20723,03322,513  
Property, plant and equipment24,93321,79422,61817,67116,65012,36512,349
Intangible assets, net (including goodwill)2,7982,2561,756639549554491
Intangible assets, net (excluding goodwill)2,7982,2561,756639549554491
Deferred income tax assets125,676114,37698,11477,75373,36348,77741,424
Other noncurrent assets4,7425,2035,2475,2833,9383,7902,767
Other undisclosed noncurrent assets29,18025,73423,35420,42318,17915,02313,199
Total noncurrent assets:219,985204,747185,296144,802135,19280,50970,230
TOTAL ASSETS:267,798247,140238,003192,606185,837119,954142,589
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:10,50210,6437,8847,1798,1015,2104,152
Other undisclosed accounts payable and accrued liabilities10,50210,6437,8847,1798,1015,2104,152
Deferred revenue6,0545,6465,1894,7444,2333,7293,365
Debt4,3753,7505,0004,0003,5003,0002,500
Other undisclosed current liabilities6,8465,5795,9114,5164,5262,2592,369
Total current liabilities:27,77725,61823,98420,43920,36014,19812,386
Noncurrent Liabilities
Long-term debt and lease obligation165,696166,755125,088111,784112,34180,33281,272
Long-term debt, excluding current maturities118,361119,55576,53978,47479,40880,33281,272
Operating lease, liability47,33547,20048,54933,31032,933  
Liabilities, other than long-term debt143,513130,451116,43296,68891,54067,34958,546
Deferred revenue42,55438,96336,20033,01029,96825,85523,395
Due to related parties100,95991,48880,23263,67861,57241,49435,151
Other undisclosed noncurrent liabilities     7,5077,571
Total noncurrent liabilities:309,209297,206241,520208,472203,881155,188147,389
Total liabilities:336,986322,824265,504228,911224,241169,386159,775
Stockholders' equity
Stockholders' equity attributable to parent, including:(14,020)(18,860)3,419(2,349)(4,876)(12,135)1,188
Additional paid in capital46,28141,82036,57932,29229,37124,60121,348
Accumulated deficit(60,671)(61,049)(33,527)(35,008)(34,614)(37,102)(20,525)
Other undisclosed stockholders' equity attributable to parent370369367367367366365
Stockholders' equity attributable to noncontrolling interest(55,168)(56,824)(30,920)(33,956)(33,528)(37,297)(18,374)
Total stockholders' equity:(69,188)(75,684)(27,501)(36,305)(38,404)(49,432)(17,186)
TOTAL LIABILITIES AND EQUITY:267,798247,140238,003192,606185,837119,954142,589

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues40,23041,68138,17331,22834,65032,01529,924
Gross profit:40,23041,68138,17331,22834,65032,01529,924
Operating expenses(38,083)(38,139)(34,387)(32,030)(29,502)(25,049)(22,299)
Operating income (loss):2,1473,5423,786(802)5,1486,9667,625
Nonoperating income
(Other Nonoperating income)
397119201410 
Interest and debt expense(951)(756)(546)(601)(645)(582)(479)
Income (loss) from continuing operations before income taxes:1,2352,7933,359(1,383)4,5176,3947,146
Income tax expense (benefit)(354)2,575(223)294423331240
Net income (loss):8815,3683,136(1,089)4,9406,7257,386
Net income (loss) attributable to noncontrolling interest(605)(1,332)(1,649)693(2,143)(3,458)(4,007)
Net income (loss) available to common stockholders, diluted:2764,0361,487(396)2,7973,2673,379

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):8815,3683,136(1,089)4,9406,7257,386
Comprehensive income (loss):8815,3683,136(1,089)4,9406,7257,386
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(605)(1,332)(1,649)693(2,143)(3,458)(4,007)
Comprehensive income (loss), net of tax, attributable to parent:2764,0361,487(396)2,7973,2673,379

Statements sources

The financial statements are based on the company's filings with the 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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