Bimini Capital Management Inc (BMNM) financial statements (2022 and earlier)

Company profile

Business Address 3305 FLAMINGO DRIVE
VERO BEACH, FL 32963
State of Incorp. MD
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (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 investments8,4217,5588,0704,9486,1034,4296,311
Cash and cash equivalents8,4217,5588,0704,9486,1034,4296,311
Restricted cash and investments1,3913,3534,3151,2932,6501,222402
Total current assets:9,81210,91112,3856,2408,7535,6516,712
Noncurrent Assets
Property, plant and equipment2,0242,0932,1633,2983,3593,4073,493
Long-term investments and receivables     804804
Long-term investments     804804
Deferred income tax assets35,03633,289 
Total noncurrent assets:37,06135,3822,1633,2983,3594,2114,297
Other undisclosed assets75,21282,407265,656249,861272,477213,008166,046
TOTAL ASSETS:122,085128,701280,204259,400284,589222,870177,055
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt58,87865,071209,954200,396200,183121,82877,234
Total current liabilities:58,87865,071209,954200,396200,183121,82877,234
Noncurrent Liabilities
Other undisclosed liabilities30,20729,14229,55830,04928,71428,89631,281
Total liabilities:89,08594,213239,512230,445228,897150,724108,515
Stockholders' equity
Stockholders' equity attributable to parent, including:33,00034,48840,69228,95555,69272,14768,540
Additional paid in capital330,880332,643332,643334,919334,879334,851334,630
Accumulated deficit(297,891)(298,167)(291,963)(305,977)(279,199)(262,717)(266,103)
Other undisclosed stockholders' equity attributable to parent11121213131312
Total stockholders' equity:33,00034,48840,69228,95555,69272,14768,540
TOTAL LIABILITIES AND EQUITY:122,085128,701280,204259,400284,589222,870177,055

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
Revenues14,05012,31216,23617,75916,0045,4895,042
Revenue, net7,431  
Financial services revenue 5,4895,042
Other income(4,744)(10,279)(603)(11,448)   
Gross profit:14,05012,31216,23617,75916,0045,4895,042
Operating expenses  (6,440)(6,442)(6,403)(5,744)(9,655)
Operating income (loss):14,05012,3129,79611,3179,601(255)(4,614)
Nonoperating expense(4,744)(10,279)(603)(11,448)(3,673)(16)(1,377)
Investment income, nonoperating(0)(5,293)(5,818)(276)(46)(16)(1,377)
Interest and debt expense(1,113)(2,225)(6,175)(5,520)(3,033)(747)(425)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (6,666)0(1)(0)5,5463,197
Income (loss) from continuing operations before equity method investments, income taxes:8,193(6,859)3,018(5,651)2,8964,528(3,219)
Other undisclosed loss from continuing operations before income taxes(8,285)      
Income (loss) from continuing operations before income taxes:(92)(6,859)3,018(5,651)2,8964,528(3,219)
Income tax expense (benefit)3681,36910,996(21,127)(19,378)(1,142)62,450
Net income (loss) available to common stockholders, diluted:275(5,489)14,015(26,778)(16,483)3,38659,231

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):275(5,489)14,015(26,778)(16,483)3,38659,231
Comprehensive income (loss), net of tax, attributable to parent:275(5,489)14,015(26,778)(16,483)3,38659,231

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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