Newstar Financial Inc (NEWS) Financial Statements (2024 and earlier)

Company Profile

Business Address 500 BOYLSTON STREET
BOSTON, MA 02116
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6172 - Finance Lessors (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2017
MRQ
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 154,48035,93333,03343,40127,212
Cash and cash equivalents 154,48035,93333,03343,40127,212
Disposal group, including discontinued operation   200,569  
Total current assets: 154,48035,933233,60243,40127,212
Noncurrent Assets
Property, plant and equipment 274638660833433
Intangible assets, net (including goodwill) 18,45618,794 
Goodwill 17,88417,884   
Intangible assets, net (excluding goodwill) 572910   
Total noncurrent assets: 18,73019,432660833433
Other undisclosed assets 3,867,3824,036,7512,576,7472,562,6272,129,425
TOTAL ASSETS: 4,040,5924,092,1162,811,0092,606,8612,157,070
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 55,04696,78957,227  
Total current liabilities: 55,04696,78957,227  
Noncurrent Liabilities
Other undisclosed liabilities 3,338,1243,335,8492,112,7851,990,6511,562,253
Total liabilities: 3,393,1703,432,6382,170,0121,990,6511,562,253
Equity
Equity, attributable to parent, including: 647,422659,478640,997616,210594,817
Common stock 428465466487493
Treasury stock, value (152,720)(109,245)(92,724)(43,271)(31,243)
Additional paid in capital 743,783742,970718,825655,143646,299
Accumulated other comprehensive income (loss) (3,646)(6,065)(33)569(6)
Retained earnings (accumulated deficit) 59,57731,35314,4632,624(20,726)
Other undisclosed equity, attributable to parent    658 
Total equity: 647,422659,478640,997616,210594,817
TOTAL LIABILITIES AND EQUITY: 4,040,5924,092,1162,811,0092,606,8612,157,070

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

9/30/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues 263,236222,421139,462  
Net investment income 250,716201,785136,171  
Cost of revenue
(Financial Services Costs)
 (27,541)(18,387)(27,108)(9,738)(12,651)
Gross profit: 235,695204,034112,354(9,738)(12,651)
Operating expenses (67,439)(51,928)(45,516)(49,398)(46,297)
Other undisclosed operating income (loss) (119,605)(123,265)(49,850)98,225 
Operating income (loss): 48,65128,84116,98839,089(58,948)
Nonoperating income   7,9407,2883,309
Other nonoperating income   7,9647,4313,948
Interest and debt expense (161,345)(120,986)(57,775)(42,529)(32,883)
Other undisclosed income from continuing operations before equity method investments, income taxes  120,98650,92637,303129,499
Income (loss) from continuing operations before equity method investments, income taxes: (112,694)28,84118,07941,15140,977
Income (loss) from equity method investments   1,6251,037(469)
Other undisclosed income from continuing operations before income taxes 161,345    
Income from continuing operations before income taxes: 48,65128,84119,70442,18840,508
Income tax expense (20,427)(11,951)(7,485)(16,556)(17,000)
Income from continuing operations: 28,22416,89012,21925,63223,508
Income before gain (loss) on sale of properties: 28,22416,89012,21925,63223,508
Other undisclosed net income     469
Net income: 28,22416,89012,21925,63223,977
Other undisclosed net loss attributable to parent   (1,625)(1,037) 
Net income available to common stockholders, diluted: 28,22416,89010,59424,59523,977

Comprehensive Income ($ in thousands)

9/30/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income: 28,22416,89012,21925,63223,977
Comprehensive income: 28,22416,89012,21925,63223,977
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 2,419(6,032)(2,227)(462)1,992
Comprehensive income, net of tax, attributable to parent: 30,64310,8589,99225,17025,969

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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