The ONE Group Hospitality, Inc. (STKS) Financial Statements (2024 and earlier)

Company Profile

Business Address 411 W. 14TH STREET
NEW YORK, NY 10014
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 5812 - Eating Places (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments55,12123,61424,38512,3441,5921,548
Cash and cash equivalents55,12123,61424,38512,3441,5921,548
Receivables15,59611,7326,15310,6927,0745,514
Inventory, net of allowances, customer advances and progress billings5,7283,9152,4903,0581,4041,402
Inventory5,7283,9152,4903,0581,4041,402
Prepaid expense   174353503255
Other current assets    7093365
Other undisclosed current assets2,0913,6661,174624875679
Total current assets:78,53642,92734,37627,14111,5419,763
Noncurrent Assets
Operating lease, right-of-use asset85,16185,39580,960 
Property, plant and equipment94,08769,63867,34470,48339,34737,811
Long-term investments and receivables     2,6842,957
Long-term investments     2,6842,957
Intangible assets, net (including goodwill)15,29015,50516,31317,183  
Intangible assets, net (excluding goodwill)15,29015,50516,31317,183  
Regulated entity, other noncurrent assets  100    
Deferred income tax assets12,32312,31313,226 
Other noncurrent assets4,7743,1992,4461,622349384
Other undisclosed noncurrent assets85375890490,1562,0582,100
Total noncurrent assets:212,488186,908181,193179,44444,43843,252
TOTAL ASSETS:291,024229,835215,569206,58555,97953,015
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities35,46434,24923,08819,47213,50112,316
Accounts payable13,05511,0947,4048,2745,4085,329
Accrued liabilities22,40923,15515,68411,1988,0936,987
Deferred revenue  90207 
Debt1,6775005,4057493,2013,241
Deferred revenue and credits115
Due to related parties     256
Other liabilities256     
Other undisclosed current liabilities8,2747,42512,0477,9121,118999
Total current liabilities:45,67142,26440,74728,13317,82016,927
Noncurrent Liabilities
Long-term debt and lease obligation70,544126,748143,63345,2267,11810,115
Long-term debt, excluding current maturities70,54423,13245,06445,2267,11810,115
Liabilities, other than long-term debt106,219298953 17,97119,420
Deferred revenue and credits18,223
Deferred revenue  298953 
Deferred rent credit     16,774
Due to related parties    1,1971,197
Other liabilities972     
Operating lease, liability105,247103,61698,569 
Other undisclosed noncurrent liabilities   8,25799,3141,008 
Total noncurrent liabilities:176,763127,046152,843144,54026,09729,535
Total liabilities:222,434169,310193,590172,67343,91746,462
Equity
Equity, attributable to parent69,71461,43423,17934,31412,5147,475
Common stock333333
Treasury stock, value(7,169)(37)    
Additional paid in capital55,58353,48146,53844,85343,54341,007
Accumulated other comprehensive loss(2,869)(2,645)(2,646)(2,651)(2,310)(1,556)
Retained earnings (accumulated deficit)24,16610,632(20,716)(7,891)(28,722)(31,979)
Equity, attributable to noncontrolling interest(1,124)(909)(1,200)(402)(452)(922)
Total equity:68,59060,52521,97933,91212,0626,553
TOTAL LIABILITIES AND EQUITY:291,024229,835215,569206,58555,97953,015

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues316,638277,178141,943120,68185,60179,660
Revenue, net68,881
Cost of revenue     (15,104)(20,298)
Gross profit:316,638277,178141,943120,68170,49759,362
Operating expenses(279,135)(237,570)(134,988)(107,360)(64,684)(62,020)
Other operating income (expense), net  11246235(36)
Other undisclosed operating income (loss)(21,197)(20,223)(20,660)(776)(235)36
Operating income (loss):16,30619,385(13,694)12,7915,813(2,658)
Nonoperating income (expense)(2,113)14,149(5,329)(2,812)(1,193)(1,167)
Investment income, nonoperating    10,963  
Loss on contract termination(257)(1,912)(3,315)(573)(213)(2,225)
Interest and debt expense(1,700)(3,300)(4,400)(1,700)(1,000)(1,000)
Income (loss) from continuing operations before equity method investments, income taxes:12,49330,234(23,423)8,2793,620(4,825)
Other undisclosed income from continuing operations before income taxes1,7003,3004,4001,7001,0001,000
Income (loss) from continuing operations before income taxes:14,19333,534(19,023)9,9794,620(3,825)
Income tax expense (benefit)(874)(1,586)5,40011,154(713)(600)
Income (loss) from continuing operations:13,31931,948(13,623)21,1333,907(4,425)
Income (loss) before gain (loss) on sale of properties:31,948(13,623)21,1333,907(4,028)
Income from discontinued operations      397
Net income (loss):13,31931,948(13,623)21,1333,907(4,028)
Net income (loss) attributable to noncontrolling interest215(600)798(302)(633)(188)
Net income (loss) available to common stockholders, diluted:13,53431,348(12,825)20,8313,274(4,216)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):13,31931,948(13,623)21,1333,907(4,028)
Comprehensive income (loss):13,31931,948(13,623)21,1333,907(4,028)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest215(600)798(302)(633)(188)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(224)15(341)(754)(12)
Comprehensive income (loss), net of tax, attributable to parent:13,31031,349(12,820)20,4902,520(4,228)

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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