PlayAGS, Inc. (AGS) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
6775 S. EDMOND ST., SUITE #300 LAS VEGAS, NV 89118 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 399 - Miscellaneous Manufacturing Industries (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 37,891 | 94,977 | 81,689 | 13,162 | 70,726 | 19,242 | 17,977 | ||
| Cash and cash equivalents | 37,891 | 94,977 | 81,689 | 13,162 | 70,726 | 19,242 | 17,977 | ||
| Restricted cash and investments | 20 | 20 | 20 | 20 | 78 | 100 | 100 | ||
| Receivables | 59,909 | 49,426 | 41,743 | 61,224 | 44,704 | 32,776 | 24,035 | ||
| Inventory, net of allowances, customer advances and progress billings | 35,394 | 27,534 | 26,902 | 32,875 | 27,438 | 24,455 | 10,729 | ||
| Inventory | 35,394 | 27,534 | 26,902 | 32,875 | 27,438 | 24,455 | 10,729 | ||
| Prepaid expense | 4,020 | 4,878 | 4,210 | 2,983 | 3,566 | 2,675 | 2,609 | ||
| Other current assets | 4,231 | 3,460 | 3,052 | ||||||
| Other undisclosed current assets | 8,930 | 8,240 | 4,704 | 5,332 | |||||
| Total current assets: | 146,164 | 185,075 | 159,268 | 115,596 | 150,743 | 82,708 | 58,502 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 11,198 | 12,503 | 9,763 | 11,543 | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 82,361 | 74,916 | 81,040 | 103,598 | 91,547 | 77,982 | 67,926 | ||
| Intangible assets, net (including goodwill) | 429,789 | 445,590 | 473,686 | 517,500 | 474,161 | 510,624 | 483,901 | ||
| Goodwill | 287,680 | 285,546 | 286,042 | 287,049 | 277,263 | 278,337 | 251,024 | ||
| Intangible assets, net (excluding goodwill) | 142,109 | 160,044 | 187,644 | 230,451 | 196,898 | 232,287 | 232,877 | ||
| Deferred income tax assets | 7,893 | 7,333 | 6,762 | 4,965 | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 7,346 | 7,394 | 10,259 | 9,176 | |||||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | 2,544 | 1,115 | 9 | ||
| Other undisclosed noncurrent assets | 12,347 | 24,813 | 23,754 | ||||||
| Total noncurrent assets: | 538,587 | 547,736 | 581,510 | 646,782 | 580,599 | 614,534 | 575,590 | ||
| TOTAL ASSETS: | 684,751 | 732,811 | 740,778 | 762,378 | 731,342 | 697,242 | 634,092 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 52,506 | 48,604 | 35,872 | 50,438 | 41,480 | 36,361 | 26,492 | ||
| Accounts payable | 15,244 | 9,439 | 9,547 | 15,598 | 14,821 | 11,407 | 8,790 | ||
| Accrued liabilities | 37,262 | 39,165 | 26,325 | 34,840 | 26,659 | 24,954 | 17,702 | ||
| Debt | 6,060 | 6,877 | 7,031 | 6,038 | 5,959 | 7,359 | 6,537 | ||
| Total current liabilities: | 58,566 | 55,481 | 42,903 | 56,476 | 47,439 | 43,720 | 33,029 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 550,081 | 611,152 | 611,057 | 529,973 | 521,924 | 644,158 | 547,238 | ||
| Long-term debt, excluding current maturities | 550,081 | 599,281 | 601,560 | 518,689 | 521,924 | 644,158 | 547,238 | ||
| Liabilities, other than long-term debt | 26,743 | 24,607 | 33,035 | 42,145 | 26,175 | 37,299 | 37,397 | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | 1,443 | 1,016 | 6,957 | ||
| Deferred income tax liabilities | 2,048 | 2,653 | 2,254 | 1,836 | ✕ | ✕ | ✕ | ||
| Other liabilities | 14,282 | 21,954 | 30,781 | 40,309 | 24,732 | 36,283 | 30,440 | ||
| Operating lease, liability | 10,413 | 11,871 | 9,497 | 11,284 | ✕ | ✕ | ✕ | ||
| Total noncurrent liabilities: | 576,824 | 635,759 | 644,092 | 572,118 | 548,099 | 681,457 | 584,635 | ||
| Total liabilities: | 635,390 | 691,240 | 686,995 | 628,594 | 595,538 | 725,177 | 617,664 | ||
| Equity | |||||||||
| Equity, attributable to parent | 49,361 | 41,571 | 53,783 | 133,784 | 135,804 | (27,935) | 16,428 | ||
| Common stock | 378 | 369 | 364 | 355 | 353 | 149 | 149 | ||
| Additional paid in capital | 406,436 | 392,161 | 379,917 | 371,311 | 361,628 | 177,276 | 177,276 | ||
| Accumulated other comprehensive loss | (4,328) | (6,070) | (5,086) | (2,408) | (3,774) | (3,803) | (4,546) | ||
| Accumulated deficit | (353,125) | (344,889) | (321,412) | (235,474) | (222,403) | (201,557) | (156,451) | ||
| Total equity: | 49,361 | 41,571 | 53,783 | 133,784 | 135,804 | (27,935) | 16,428 | ||
| TOTAL LIABILITIES AND EQUITY: | 684,751 | 732,811 | 740,778 | 762,378 | 731,342 | 697,242 | 634,092 | ||
Income Statement (P&L) ($ in thousands)
| 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 309,436 | 259,696 | 167,007 | 304,714 | 285,299 | 211,955 | 166,806 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 285,299 | 211,955 | 166,806 | |
| Cost of revenue (Cost of Goods and Services Sold) | (2,291) | (2,700) | (39,670) | (19,847) | (6,237) | |||
| Gross profit: | 309,436 | 259,696 | 164,716 | 302,014 | 245,629 | 192,108 | 160,569 | |
| Operating expenses | (271,467) | (239,993) | (211,176) | (280,977) | (260,009) | (197,453) | (183,870) | |
| Other undisclosed operating income | 2,291 | 2,700 | 39,670 | 19,847 | 6,237 | |||
| Operating income (loss): | 37,969 | 19,703 | (44,169) | 23,737 | 25,290 | 14,502 | (17,064) | |
| Nonoperating income (expense) | 928 | (121) | (2,047) | (4,459) | (10,281) | 3,046 | (7,347) | |
| Investment income, nonoperating | 1,059 | 1,064 | 1,179 | 163 | 207 | 108 | 57 | |
| Other nonoperating income (expense) | (131) | (1,185) | (3,226) | (4,622) | (10,488) | 2,938 | (7,404) | |
| Interest and debt expense | (49,157) | (44,352) | (45,037) | (36,248) | (44,232) | (64,543) | (59,963) | |
| Loss from continuing operations before income taxes: | (10,260) | (24,770) | (91,253) | (16,970) | (29,223) | (46,995) | (84,374) | |
| Income tax benefit | 2,225 | 2,198 | 5,875 | 5,449 | 8,377 | 1,889 | 3,000 | |
| Loss from continuing operations: | (8,035) | (22,572) | (85,378) | (11,521) | (20,846) | (45,106) | (81,374) | |
| Loss before gain (loss) on sale of properties: | ✕ | (22,572) | (85,378) | (11,521) | (20,846) | (45,106) | (81,374) | |
| Net loss: | (8,035) | (22,572) | (85,378) | (11,521) | (20,846) | (45,106) | (81,374) | |
| Net loss attributable to noncontrolling interest | (231) | |||||||
| Net loss available to common stockholders, diluted: | (8,035) | (22,572) | (85,378) | (11,752) | (20,846) | (45,106) | (81,374) | |
Comprehensive Income ($ in thousands)
| 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (8,035) | (22,572) | (85,378) | (11,521) | (20,846) | (45,106) | (81,374) | |
| Comprehensive loss: | (8,035) | (22,572) | (85,378) | (11,521) | (20,846) | (45,106) | (81,374) | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (231) | |||||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 1,742 | (984) | (2,678) | 1,366 | 29 | 743 | (2,735) | |
| Comprehensive loss, net of tax, attributable to parent: | (6,293) | (23,556) | (88,056) | (10,386) | (20,817) | (44,363) | (84,109) | |
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.