Novation Companies Inc (NOVC) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
9229 WARD PARKWAY KANSAS CITY, MO 64114 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6531 - Real Estate Agents and Managers (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2021 MRQ | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,340 | 2,032 | 9,251 | 14,535 | 14,748 | 20,326 | |||
| Cash and cash equivalent | 1,340 | 2,032 | 9,249 | 2,740 | 4,805 | 2,826 | |||
| Short-term investments | 2 | 11,795 | 9,943 | 17,500 | |||||
| Receivables | 5,008 | 6,583 | 6,122 | 7,922 | |||||
| Prepaid expense | 663 | 647 | |||||||
| Disposal group, including discontinued operation | 447 | 1,843 | |||||||
| Other current assets | 53 | 21 | 95 | 578 | 644 | 1,119 | |||
| Other undisclosed current assets | 384 | ||||||||
| Total current assets: | 7,064 | 9,283 | 15,852 | 23,035 | 15,839 | 23,288 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 339 | 316 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 92 | 125 | 358 | ||||||
| Long-term investments and receivables | 1,397 | ||||||||
| Long-term investments | 1,397 | ||||||||
| Intangible asset, including goodwill, after accumulated amortization | 4,677 | 9,689 | 15,183 | 16,377 | |||||
| Goodwill | 3,905 | 8,205 | 8,205 | ||||||
| Intangible asset, excluding goodwill, after accumulated amortization | 4,677 | 5,784 | 6,978 | 8,172 | |||||
| Disposal group, including discontinued operation, noncurrent assets | 6,415 | ||||||||
| Other noncurrent assets | 4 | 4 | 425 | 246 | 481 | ||||
| Other undisclosed noncurrent assets | 95 | 26,545 | |||||||
| Total noncurrent assets: | 5,112 | 10,134 | 15,278 | 16,802 | 26,791 | 8,651 | |||
| TOTAL ASSETS: | 12,176 | 19,417 | 31,130 | 39,837 | 42,630 | 31,939 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 315 | 524 | 657 | 6,300 | 792 | 1,453 | |||
| Interest and dividends payable | 1,295 | 1,050 | |||||||
| Employee-related liabilities | 2,176 | 2,717 | 2,731 | 4,213 | |||||
| Accrued liabilities | 13 | 1,037 | |||||||
| Other undisclosed accounts payable and accrued liabilities | (1,861) | (2,193) | (3,382) | 792 | 1,453 | ||||
| Debt | 205 | 1,948 | 3,333 | ||||||
| Disposal group, including discontinued operation | 2,470 | ||||||||
| Other liabilities | 4 | 36 | 35 | 1,650 | |||||
| Other undisclosed current liabilities | 2,617 | 3,455 | 4,498 | ||||||
| Total current liabilities: | 2,936 | 4,220 | 7,138 | 11,283 | 792 | 3,923 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 90,268 | 86,949 | 85,969 | 86,050 | 88,385 | ||||
| Long-term debt, excluding current maturities | 90,115 | 86,824 | 85,969 | 86,050 | 88,385 | ||||
| Liabilities, other than long-term debt | 426 | 386 | 71 | 2,224 | |||||
| Disposal group, including discontinued operation, liabilities | 1,833 | ||||||||
| Other liabilities | 426 | 386 | 71 | 391 | |||||
| Operating lease, liability | 153 | 125 | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | (91) | 307 | 553 | ||||||
| Total noncurrent liabilities: | 90,330 | 87,256 | 86,948 | 86,436 | 71 | 90,609 | |||
| Other undisclosed liabilities | 90,966 | ||||||||
| Total liabilities: | 93,266 | 91,476 | 94,086 | 97,719 | 91,829 | 94,532 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (81,090) | (72,059) | (62,956) | (57,900) | (49,199) | (62,593) | |||
| Common stock | 1,146 | 1,123 | 991 | 971 | 928 | 928 | |||
| Additional paid in capital | 746,227 | 746,112 | 745,104 | 744,937 | 744,873 | 744,575 | |||
| Accumulated other comprehensive income (loss) | (1) | 11,394 | 9,319 | 1,436 | |||||
| Accumulated deficit | (828,463) | (819,294) | (809,050) | (815,184) | (804,319) | (809,532) | |||
| Other undisclosed equity, attributable to parent | (18) | ||||||||
| Other undisclosed equity | 18 | ||||||||
| Total equity: | (81,090) | (72,059) | (62,956) | (57,882) | (49,199) | (62,593) | |||
| TOTAL LIABILITIES AND EQUITY: | 12,176 | 19,417 | 31,130 | 39,837 | 42,630 | 31,939 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 51,354 | 63,474 | 55,126 | 27,965 | 5,060 | 6,131 | ||
| Gain on disposition of assets for financial service operations | 12,881 | ✕ | ✕ | ✕ | ||||
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | 27,965 | |||
| Cost of revenue | (45,819) | (56,483) | (48,149) | (24,473) | ||||
| Cost of product and service sold | (45,819) | (56,483) | (48,149) | |||||
| Financial services costs | ✕ | ✕ | ✕ | ✕ | (24,473) | |||
| Gross profit: | 5,535 | 6,991 | 6,977 | 3,492 | 5,060 | 6,131 | ||
| Operating expenses | (11,408) | (12,645) | (8,089) | (11,213) | (4,367) | (5,704) | ||
| Operating income (loss): | (5,873) | (5,654) | (1,112) | (7,721) | 693 | 427 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 43 | 39 | 411 | 348 | 5,472 | (27) | ||
| Interest and debt expense | (3,311) | (4,522) | (5,279) | (3,935) | (3,606) | (3,193) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (63) | 11,825 | (438) | 667 | ||||
| Income (loss) from continuing operations before income taxes: | (9,141) | (10,200) | 5,845 | (11,746) | 3,226 | (2,793) | ||
| Income tax expense (benefit) | (28) | (25) | 289 | (14) | 21 | 28 | ||
| Income (loss) from continuing operations: | (9,169) | (10,225) | 6,134 | (11,760) | 3,247 | (2,765) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (9,169) | (10,225) | 6,134 | (10,865) | 5,213 | (28,729) | |
| Income (loss) from discontinued operations | 895 | 1,966 | (25,964) | |||||
| Net income (loss) available to common stockholders, diluted: | (9,169) | (10,225) | 6,134 | (10,865) | 5,213 | (28,729) | ||
Comprehensive Income ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (9,169) | (10,225) | 6,134 | (10,865) | 5,213 | (28,729) | ||
| Other comprehensive income (loss) | 1 | (11,395) | 2,075 | 7,883 | (1,183) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (9,169) | (10,224) | (5,261) | (8,790) | 13,096 | (29,912) | ||
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.