Hall of Fame Resort & Entertainment Company (HOFV) Financial Statements (2024 and earlier)

Company Profile

Business Address 2626 FULTON DRIVE NW
CANTON, OH 44718
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 799 - Miscellaneous Amusement And Recreation (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 investments3,24343,05010,2837,146290
Cash and cash equivalents3,24326,01710,2837,146290
Short-term investments  17,034    
Restricted cash and investments  7,5007,105   
Receivables  1,8112,367   
Inventory, net of allowances, customer advances and progress billings  (3,511)(3,537)   
Inventory  (3,511)(3,537)   
Prepaid expense   999 197
Deferred costs    26,200  
Asset, held-for-sale, not part of disposal group 12,325     
Other undisclosed current assets     3 
Total current assets:15,56948,85017,21733,3462496
Noncurrent Assets
Operating lease, right-of-use asset7,3887,562   
Property, plant and equipment344,379248,827180,461154,356  
Long-term investments and receivables      
Long-term investments      
Intangible assets, net (including goodwill)  9,750    
Intangible assets, net (excluding goodwill)  9,750    
Restricted cash and investments  4,500    
Other undisclosed noncurrent assets     117,285128,397
Total noncurrent assets:351,767270,639180,461154,356117,285128,397
Other undisclosed assets74,562136,808139,611123,143  
TOTAL ASSETS:441,897456,297337,288310,844117,309128,493
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:  17,57612,12120,538533594
Taxes payable   285
Accounts payable     533309
Other undisclosed accounts payable and accrued liabilities  17,57612,12120,538  
Debt  63,215    
Derivative instruments and hedges, liabilities    19,112  
Due to related parties 1,819   
Total current liabilities:  80,79113,94039,650533594
Noncurrent Liabilities
Long-term debt and lease obligation   500   
Long-term debt, excluding current maturities   500   
Liabilities, other than long-term debt  3,61330,04027  
Other liabilities    27  
Operating lease, liability  3,413   
Derivative instruments and hedges, liabilities  20030,040   
Other undisclosed noncurrent liabilities     7,4674,448
Total noncurrent liabilities:  3,61330,540277,4674,448
Other undisclosed liabilities315,159180,63588,230106,085  
Total liabilities:315,159265,039132,710145,7638,0005,042
Temporary equity, carrying amount  0  104,309118,451
Equity
Equity, attributable to parent, including:127,692192,141205,175165,2785,0005,000
Common stock11106  
Additional paid in capital344,335339,038305,117172,1133,1003,921
Retained earnings (accumulated deficit)(216,644)(146,898)(99,952)(6,841)1,8991,079
Receivable from shareholders or affiliates for issuance of capital stock  (6,635)    
Other undisclosed equity, attributable to parent06,6350 00
Equity, attributable to noncontrolling interest(955)(883)(597)(197)  
Total equity:126,737191,258204,578165,0825,0005,000
Other undisclosed liabilities and equity  (0)    
TOTAL LIABILITIES AND EQUITY:441,897456,297337,288310,844117,309128,493

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
Revenues24,13015,97910,7707,099  
Other income4,266605    
Gross profit:24,13015,97910,7707,099  
Operating expenses(73,578)(53,970)(47,157)(39,809)(1,416)(781)
Operating loss:(49,448)(37,990)(36,387)(32,709)(1,416)(781)
Nonoperating income (expense)(19,306)(8,178)(56,427)(12,976)2,6612,147
Investment income, nonoperating(2,068)(6,451)(5,160)(10,571)2,6512,133
Interest and debt expense(18,764)(5,377)(3,581)(4,282)  
Income (loss) from continuing operations before equity method investments, income taxes:(87,518)(51,545)(96,394)(49,967)1,2451,366
Other undisclosed income from continuing operations before income taxes    4,282  
Income (loss) from continuing operations before income taxes:(87,518)(51,545)(96,394)(45,685)1,2451,366
Income tax expense     (424)(285)
Income (loss) from continuing operations:(87,518)(51,545)(96,394)(45,685)8201,081
Income (loss) before gain (loss) on sale of properties:(96,394)(45,685)8201,081
Other undisclosed net income18,7645,3773,581   
Net income (loss):(68,754)(46,168)(92,814)(45,685)8201,081
Net income attributable to noncontrolling interest72286400197  
Other undisclosed net loss attributable to parent    (197)  
Net income (loss) attributable to parent:(68,682)(45,883)(92,413)(45,685)8201,081
Preferred stock dividends and other adjustments     (1,855)(1,571)
Other undisclosed net income (loss) available to common stockholders, basic(1,064)  197  
Net loss available to common stockholders, diluted:(69,746)(45,883)(92,413)(45,489)(1,034)(490)

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 (loss):(68,754)(46,168)(92,814)(45,685)8201,081
Comprehensive income (loss):(68,754)(46,168)(92,814)(45,685)8201,081
Comprehensive income, net of tax, attributable to noncontrolling interest72286400197  
Comprehensive income (loss), net of tax, attributable to parent:(68,682)(45,883)(92,413)(45,489)8201,081

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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