Standard Diversified Inc. (SDI) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
767 5TH AVENUE, 12TH FLOOR NEW YORK, NY 10153 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 21 - Tobacco Products (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2020 MRQ | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 113,542 | 21,894 | 18,219 | 1,836 | 23,467 | 24,818 | |||
| Cash and cash equivalents | 112,467 | 21,201 | 18,219 | 1,836 | 23,467 | 24,818 | |||
| Short-term investments | 1,075 | 693 | |||||||
| Receivables | 7,213 | 2,901 | 3,249 | ||||||
| Inventory, net of allowances, customer advances and progress billings | 70,979 | 91,237 | 63,296 | ||||||
| Inventory | 70,979 | 91,237 | 63,296 | ||||||
| Other current assets | 16,391 | 15,045 | 10,851 | 226 | 46 | 22 | |||
| Other undisclosed current assets | 19,956 | ||||||||
| Total current assets: | 208,125 | 131,077 | 95,615 | 22,018 | 23,513 | 24,840 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 14,503 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 30,368 | 27,741 | 9,172 | ||||||
| Intangible assets, net (including goodwill) | 188,370 | 185,021 | 161,056 | ||||||
| Goodwill | 154,282 | 146,696 | 134,620 | ||||||
| Intangible assets, net (excluding goodwill) | 34,088 | 38,325 | 26,436 | ||||||
| Other noncurrent assets | 11,603 | 6,415 | 569 | ||||||
| Other undisclosed noncurrent assets | 32,302 | ||||||||
| Total noncurrent assets: | 244,844 | 219,177 | 203,099 | ||||||
| Other undisclosed assets | 58,077 | 71,689 | |||||||
| TOTAL ASSETS: | 511,046 | 421,943 | 298,714 | 22,018 | 23,513 | 24,840 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 42,899 | 33,108 | 23,700 | 1,751 | 351 | 598 | |||
| Interest and dividends payable | 481 | 465 | |||||||
| Employee-related liabilities | 112 | ||||||||
| Accounts payable | 14,746 | 9,225 | 3,686 | ||||||
| Accrued liabilities | 27,672 | 23,883 | 19,549 | 1,751 | 351 | 486 | |||
| Debt | 16,977 | 9,431 | 7,850 | ||||||
| Other undisclosed current liabilities | 8,000 | (112) | |||||||
| Total current liabilities: | 59,876 | 42,539 | 39,550 | 1,751 | 351 | 486 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 312,831 | 208,616 | 186,190 | ||||||
| Long-term debt, excluding current maturities | 299,569 | 208,616 | 186,190 | ||||||
| Liabilities, other than long-term debt | 7,042 | 9,522 | 4,533 | ||||||
| Asset retirement obligations | 2,100 | 2,028 | |||||||
| Deferred tax liabilities, net | ✕ | ✕ | 2,711 | ||||||
| Deferred income tax liabilities | 1,572 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 3,096 | 3,962 | |||||||
| Other liabilities | 3,370 | 1,687 | 571 | ||||||
| Operating lease, liability | 13,262 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Total noncurrent liabilities: | 319,873 | 218,138 | 190,723 | ||||||
| Other undisclosed liabilities | 31,048 | 66,537 | |||||||
| Total liabilities: | 410,797 | 327,214 | 230,273 | 1,751 | 351 | 486 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 46,968 | 53,694 | 42,437 | 20,267 | 23,162 | 24,354 | |||
| Common stock | 217 | 217 | 217 | ||||||
| Treasury stock, value | (1,103) | (1,440) | (555) | (555) | (555) | ||||
| Additional paid in capital | 84,862 | 81,261 | 70,813 | 44,308 | 44,172 | 44,148 | |||
| Accumulated other comprehensive loss | (1,722) | (1,683) | (1,558) | ||||||
| Accumulated deficit | (35,236) | (24,613) | (26,982) | (23,703) | (20,672) | (19,456) | |||
| Other undisclosed equity, attributable to parent | 167 | 169 | 164 | ||||||
| Equity, attributable to noncontrolling interest | 53,281 | 41,035 | 26,004 | ||||||
| Total equity: | 100,249 | 94,729 | 68,441 | 20,267 | 23,162 | 24,354 | |||
| TOTAL LIABILITIES AND EQUITY: | 511,046 | 421,943 | 298,714 | 22,018 | 23,513 | 24,840 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 391,778 | 365,785 | 285,801 | |||||
| Revenue, net | ✕ | ✕ | ✕ | 285,801 | ||||
| Cost of revenue | (252,137) | (2,818) | (160,936) | |||||
| Cost of goods and services sold | (227,787) | (160,936) | ||||||
| Deferred policy acquisition costs, amortization expense | (2,818) | |||||||
| Gross profit: | 139,641 | 362,967 | 124,865 | |||||
| Operating expenses | (127,045) | (325,667) | (77,944) | (3,059) | (1,216) | (1,242) | ||
| Other undisclosed operating income | 2,818 | |||||||
| Operating income (loss): | 12,596 | 40,118 | 46,921 | (3,059) | (1,216) | (1,242) | ||
| Nonoperating income (expense) | 4,961 | (131) | 502 | |||||
| Investment income, nonoperating | 502 | |||||||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | 4,961 | (131) | ✕ | ✕ | ✕ | ✕ | ||
| Interest and debt expense | (2,267) | (19,621) | (23,005) | |||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 28 | 2 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 15,290 | 20,366 | 24,418 | (3,031) | (1,216) | (1,240) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (17,445) | 736 | ||||||
| Income (loss) from continuing operations before income taxes: | (2,155) | 21,102 | 24,418 | (3,031) | (1,216) | (1,240) | ||
| Income tax expense | (1,624) | (6,285) | (7,280) | |||||
| Income (loss) from continuing operations: | (3,779) | 14,817 | 17,138 | (3,031) | (1,216) | (1,240) | ||
| Income (loss) before gain (loss) on sale of properties: | (3,779) | 14,817 | 17,138 | (3,031) | (1,216) | (990) | ||
| Income from discontinued operations | 250 | |||||||
| Net income (loss): | (3,779) | 14,817 | 17,138 | (3,031) | (1,216) | (990) | ||
| Net loss attributable to noncontrolling interest | (6,844) | (12,436) | (6,761) | |||||
| Net income (loss) available to common stockholders, basic: | (10,623) | 2,381 | 10,377 | (3,031) | (1,216) | (990) | ||
| Dilutive securities, effect on basic earnings per share | (138) | (206) | (213) | |||||
| Net income (loss) available to common stockholders, diluted: | (10,761) | 2,175 | 10,164 | (3,031) | (1,216) | (990) | ||
Comprehensive Income ($ in thousands)
| 3/31/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (3,779) | 14,817 | 17,138 | (3,031) | (1,216) | (990) | ||
| Other comprehensive income (loss) | (657) | 72 | 1,076 | |||||
| Comprehensive income (loss): | (4,436) | 14,889 | 18,214 | (3,031) | (1,216) | (990) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (6,226) | 12,645 | (6,761) | |||||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (25,290) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (10,662) | 2,244 | 11,453 | (3,031) | (1,216) | (990) | ||
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.