PlayAGS, Inc. (AGS) financial statements (2022 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
SIC 399 - Miscellaneous Manufacturing Industries (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

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 investments94,97781,68913,16270,72619,24217,977
Cash and cash equivalents94,97781,68913,16270,72619,24217,977
Restricted cash and investments20202078100100
Receivables49,42641,74361,22444,70432,77624,035
Inventory, net of allowances, customer advances and progress billings27,53426,90232,87527,43824,45510,729
Inventory27,53426,90232,87527,43824,45510,729
Prepaid expense4,8784,2102,9833,5662,6752,609
Other current assets   4,2313,4603,052
Other undisclosed current assets8,2404,7045,332   
Total current assets:185,075159,268115,596150,74382,70858,502
Noncurrent Assets
Operating lease, right-of-use asset12,5039,76311,543
Property, plant and equipment74,91681,040103,59891,54777,98267,926
Intangible assets, net (including goodwill)445,590473,686517,500474,161510,624483,901
Goodwill285,546286,042287,049277,263278,337251,024
Intangible assets, net (excluding goodwill)160,044187,644230,451196,898232,287232,877
Deferred income tax assets7,3336,7624,965
Other noncurrent assets7,39410,2599,176   
Deferred tax assets, net2,5441,1159
Other undisclosed noncurrent assets   12,34724,81323,754
Total noncurrent assets:547,736581,510646,782580,599614,534575,590
TOTAL ASSETS:732,811740,778762,378731,342697,242634,092
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities48,60435,87250,43841,48036,36126,492
Accounts payable9,4399,54715,59814,82111,4078,790
Accrued liabilities39,16526,32534,84026,65924,95417,702
Debt6,8777,0316,0385,9597,3596,537
Total current liabilities:55,48142,90356,47647,43943,72033,029
Noncurrent Liabilities
Long-term debt and lease obligation611,152611,057529,973521,924644,158547,238
Long-term debt, excluding current maturities599,281601,560518,689521,924644,158547,238
Operating lease, liability11,8719,49711,284
Liabilities, other than long-term debt24,60733,03542,14526,17537,29937,397
Deferred tax liabilities, net1,4431,0166,957
Deferred income tax liabilities2,6532,2541,836
Other liabilities21,95430,78140,30924,73236,28330,440
Total noncurrent liabilities:635,759644,092572,118548,099681,457584,635
Total liabilities:691,240686,995628,594595,538725,177617,664
Stockholders' equity
Stockholders' equity attributable to parent41,57153,783133,784135,804(27,935)16,428
Common stock369364355353149149
Additional paid in capital392,161379,917371,311361,628177,276177,276
Accumulated other comprehensive loss(6,070)(5,086)(2,408)(3,774)(3,803)(4,546)
Accumulated deficit(344,889)(321,412)(235,474)(222,403)(201,557)(156,451)
Total stockholders' equity:41,57153,783133,784135,804(27,935)16,428
TOTAL LIABILITIES AND EQUITY:732,811740,778762,378731,342697,242634,092

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues259,696167,007304,714285,299211,955166,806
Revenue, net285,299211,955166,806
Cost of revenue
(Cost of Goods and Services Sold)
 (2,291)(2,700)(39,670)(19,847)(6,237)
Gross profit:259,696164,716302,014245,629192,108160,569
Operating expenses(239,993)(211,176)(280,977)(260,009)(197,453)(183,870)
Other undisclosed operating income 2,2912,70039,67019,8476,237
Operating income (loss):19,703(44,169)23,73725,29014,502(17,064)
Nonoperating income (expense)(121)(2,047)(4,459)(10,281)3,046(7,347)
Investment income, nonoperating1,0641,17916320710857
Other nonoperating income (expense)(1,185)(3,226)(4,622)(10,488)2,938(7,404)
Interest and debt expense(44,352)(45,037)(36,248)(44,232)(64,543)(59,963)
Loss from continuing operations before income taxes:(24,770)(91,253)(16,970)(29,223)(46,995)(84,374)
Income tax benefit2,1985,8755,4498,3771,8893,000
Net loss:(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:(22,572)(85,378)(11,752)(20,846)(45,106)(81,374)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss:(22,572)(85,378)(11,521)(20,846)(45,106)(81,374)
Comprehensive loss:(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(984)(2,678)1,36629743(2,735)
Comprehensive loss, net of tax, attributable to parent:(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 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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