Ashford Inc. (Holding Company) (AINC) financial statements (2023 and earlier)

Company profile

Business Address 14185 DALLAS PARKWAY
DALLAS, TX 75254
State of Incorp. TX
Fiscal Year End December 31
SIC 8742 - Management Consulting Services (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
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments38,14745,56035,34951,52936,48084,182131,344
Cash and cash equivalents37,57145,27035,34951,52936,48084,09150,272
Short-term investments576290   9181,072
Restricted cash and investments34,87837,39617,9007,9149,0769,752 
Receivables10,6673,8117,5984,9735,12716250
Inventory, net of allowances, customer advances and progress billings1,5551,5461,6421,2021,066  
Inventory1,5551,5461,6421,2021,066  
Other undisclosed current assets13,20922,96914,80311,19117,99717,30117,270
Total current assets:98,456111,28277,29276,80969,746111,251148,864
Noncurrent Assets
Finance lease, right-of-use asset44,33345,789 
Operating lease, right-of-use asset26,97530,43131,699
Property, plant and equipment  116,19047,94721,15412,0446,550
Long-term investments and receivables3,5813,6873,4765005005003,335
Long-term investments3,5813,6873,4765005005003,335
Intangible assets, net (including goodwill)301,348328,054553,567252,87722,660  
Goodwill56,62256,622205,60659,68312,947  
Intangible assets, net (excluding goodwill)244,726271,432347,961193,1949,713  
Other noncurrent assets8703,225276872750 4,000
Deferred tax assets, net  6,0024,242
Other undisclosed noncurrent assets39,23342,971     
Total noncurrent assets:416,340454,157705,208302,19645,06418,54618,127
TOTAL ASSETS:514,796565,439782,500379,005114,810129,797166,991
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:39,89740,37839,16024,88020,45111,31410,447
Accounts payable11,682      
Accrued liabilities881      
Employee-related liabilities27,075      
Interest and dividends payable25916,2804,725    
Other undisclosed accounts payable and accrued liabilities 24,09834,43524,88020,45111,31410,447
Deferred revenue2,93712,738233
Debt7,7906,1887,3292,5951,751  
Deferred compensation liability 2935173311144 
Due to related parties 1,4711,0112,032  782
Deferred revenue and credits459  
Contract with customer, liability148
Other liabilities25,89929,90519,0668,4189,0769,7525,684
Other undisclosed current liabilities38,20219,9714,725 4,2723,222983
Total current liabilities:114,725110,68071,55938,24636,32024,43217,896
Noncurrent Liabilities
Long-term debt and lease obligation119,625127,373103,03415,1779,956  
Long-term debt, excluding current maturities52,66957,34933,03315,1779,956  
Finance lease, liability43,47943,14341,482
Operating lease, liability23,47726,88128,519
Liabilities, other than long-term debt44,14248,20387,69255,30332,46613,73612,219
Deferred revenue and credits13,4404,515629
Accounts payable and accrued liabilities    78  
Deferred revenue7,9688,62113,047
Contract with customer, liability13,396
Deferred compensation liability, classified3,3261,6784,69410,40118,9488,93411,205
Deferred tax liabilities, net31,506   
Deferred income tax liabilities32,84837,90469,521
Other liabilities  430  287385
Total noncurrent liabilities:163,767175,576190,72670,48042,42213,73612,219
Total liabilities:278,492286,256262,285108,72678,74238,16830,115
Temporary equity, carrying amount691,8344,1313,5315,111179240
Stockholders' equity
Stockholders' equity attributable to parent(242,403)(199,477)41,39665,44330,18537,37732,165
Common stock33224212020
Treasury stock, value(596)(438)(131)   (25)
Additional paid in capital294,395293,597285,825280,159249,695237,796234,716
Accumulated other comprehensive loss(1,206)(1,156)(216)(498)(135)  
Accumulated deficit(534,999)(491,483)(244,084)(214,242)(219,396)(200,439)(202,546)
Stockholders' equity attributable to noncontrolling interest638(121)62845877252,772104,471
Total stockholders' equity:(241,765)(199,598)42,02465,90130,95790,149136,636
Other undisclosed liabilities and equity478,000476,947474,060200,847 1,301 
TOTAL LIABILITIES AND EQUITY:514,796565,439782,500379,005114,810129,797166,991

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues384,567297,428291,250195,52081,57367,60758,981
Financial services revenue65,98267,22858,546
Cost of revenue(177,668)(142,227)(244,454)(150,302)(7,757)(53,610)(42,241)
Gross profit:206,899155,20146,79645,21873,81613,99716,740
Operating expenses(212,132)(379,131)(58,026)(46,057)(20,962)(16,454)(18,091)
Other operating expense, net
(Other Expenses)
(18,199)(18,687)(12,062)(3,250)(2,153)  
Other undisclosed operating income (loss)18,19918,68712,0623,250(61,223)  
Operating loss:(5,233)(223,930)(11,230)(839)(10,522)(2,457)(1,351)
Nonoperating income (expense)(152)(232)49(505)17173352
Investment income, nonoperating285324632924473352
Other nonoperating income (expense)(437)(264)3(834)(73)  
Interest and debt expense(5,144)(5,707)(2,059)(959)(83)  
Other undisclosed loss from continuing operations before equity method investments, income taxes  (594)(241)(37)(9,239)(8,979)
Loss from continuing operations before equity method investments, income taxes:(10,529)(229,869)(13,834)(2,544)(10,471)(11,623)(9,978)
Income (loss) from equity method investments(126)212     
Other undisclosed loss from continuing operations before income taxes(325)(386)     
Loss from continuing operations before income taxes:(10,980)(230,043)(13,834)(2,544)(10,471)(11,623)(9,978)
Income tax expense (benefit)16214,255(1,540)10,364(9,723)(780)(2,066)
Net income (loss):(10,818)(215,788)(15,374)7,820(20,194)(12,403)(12,044)
Net income attributable to noncontrolling interest6781,178   1,1472
Other undisclosed net income attributable to parent2152,2451,5192,3621,8428,86010,852
Net income (loss) attributable to parent:(9,925)(212,365)(13,855)10,182(18,352)(2,396)(1,190)
Preferred stock dividends and other adjustments  (16,363)(5,196)   
Undistributed earnings (loss) allocated to participating securities, basic    18,352
Other undisclosed net loss available to common stockholders, basic(36,053)(34,982)     
Net income (loss) available to common stockholders, basic:(45,978)(247,347)(30,218)4,986 (2,396)(1,190)
Dilutive securities, effect on basic earnings per share  5,7329,891  8,608
Net income (loss) available to common stockholders, diluted:(45,978)(247,347)(24,486)14,877 (2,396)7,418

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(10,818)(215,788)(15,374)7,820(20,194)(12,403)(12,044)
Other comprehensive loss   (420)(135)  
Other undisclosed comprehensive income (loss)(50)(940)334    
Comprehensive income (loss):(10,868)(216,728)(15,040)7,400(20,329)(12,403)(12,044)
Comprehensive income, net of tax, attributable to noncontrolling interest6781,178536924358  
Other undisclosed comprehensive income, net of tax, attributable to parent2152,3109311,4951,48410,00710,854
Comprehensive income (loss), net of tax, attributable to parent:(9,975)(213,240)(13,573)9,819(18,487)(2,396)(1,190)

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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