Heritage Global Inc. (HGBL) Financial Statements (2024 and earlier)

Company Profile

Business Address 12625 HIGH BLUFF DRIVE
SAN DIEGO, CA 92130
State of Incorp. FL
Fiscal Year End December 31
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,27912,66713,62223,3852,7284,268
Cash and cash equivalents12,27912,66713,62223,3852,7284,268
Receivables8,4915,4934,9862,8343,154400
Inventory, net of allowances, customer advances and progress billings5,0744,6193,2202351042,405
Inventory5,0744,6193,2202351042,405
Other undisclosed current assets4481,1131,456498784607
Total current assets:26,29223,89223,28426,9526,7707,680
Noncurrent Assets
Operating lease, right-of-use asset2,5392,7762,6949631,483
Property, plant and equipment1,7051,5711,471130221175
Long-term investments and receivables32,25118,2186,4673,1503,8822,767
Long-term investments21,36113,9734,6832,4022,5162,767
Accounts and financing receivable, after allowance for credit loss10,8904,2451,7847481,366 
Intangible assets, net (including goodwill)11,19911,59012,0116,2716,5407,348
Goodwill7,4467,4467,4465,5855,5856,158
Intangible assets, net (excluding goodwill)3,7534,1444,5656869551,190
Deferred income tax assets9,1159,4494,4884,402 
Other noncurrent assets676449250212224
Other undisclosed noncurrent assets   2,4372,8092,437
Total noncurrent assets:56,87643,66827,18017,60315,14712,951
TOTAL ASSETS:83,16867,56050,46444,55521,91720,631
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:7,2378,92411,24413,6098,1108,101
Interest and dividends payable   6
Taxes payable226831113293
Employee-related liabilities1,9092,4982,4842,112
Accrued liabilities5,3978,467527559458419
Other undisclosed accounts payable and accrued liabilities1,8404578,5829,7215,0555,271
Debt1,7333,4112,479 9801,178
Other liabilities     3892
Other undisclosed current liabilities5,7643,891501380  
Total current liabilities:14,73416,22614,22413,9899,09310,171
Noncurrent Liabilities
Long-term debt and lease obligation5,4958713,601623977438
Long-term debt, excluding current maturities5,4958711,352 35438
Liabilities, other than long-term debt1,8592,164   2,422
Deferred tax liabilities, net584
Other liabilities      1,838
Operating lease, liability1,8592,1642,249623942
Other undisclosed noncurrent liabilities   (2,249)(623)  
Total noncurrent liabilities:7,3543,0353,6016239772,860
Total liabilities:22,08819,26117,82514,61210,07013,031
Equity
Equity, attributable to parent61,08048,29932,63929,94311,8477,600
Preferred stock666666
Common stock372369366353293293
Treasury stock, value(794)(395)    
Additional paid in capital294,522293,589293,030293,400285,099284,751
Accumulated other comprehensive loss     (77)(77)
Accumulated deficit(233,026)(245,270)(260,763)(263,816)(273,474)(277,373)
Total equity:61,08048,29932,63929,94311,8477,600
TOTAL LIABILITIES AND EQUITY:83,16867,56050,46444,55521,91720,631

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues60,54546,91425,79226,18326,16823,664
Cost of revenue(20,731)(20,910)(7,428)(9,109)(7,739)(4,048)
Gross profit:39,81426,00418,36417,07418,42919,616
Operating expenses(26,554)(21,862)(15,271)(14,811)(16,752)(15,538)
Other undisclosed operating income (loss)1,0596,978(79)3,7961,373 
Operating income:14,31911,1203,0146,0593,0504,078
Interest and debt expense    (30) (8)
Income from continuing operations before equity method investments, income taxes:14,31911,1203,0146,0293,0504,070
Other undisclosed loss from continuing operations before income taxes(324)(113)(22)(15)(64)(49)
Income from continuing operations before income taxes:13,99511,0072,9926,0142,9864,021
Income tax expense (benefit)(1,520)4,486613,644913(270)
Income from continuing operations:12,47515,4933,0539,6583,8993,751
Income before gain (loss) on sale of properties:3,0539,6583,8993,751
Net income available to common stockholders, diluted:12,47515,4933,0539,6583,8993,751

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:12,47515,4933,0539,6583,8993,751
Comprehensive income:12,47515,4933,0539,6583,8993,751
Other undisclosed comprehensive loss, net of tax, attributable to parent      (2)
Comprehensive income, net of tax, attributable to parent:12,47515,4933,0539,6583,8993,749

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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