Bimini Capital Management Inc (BMNM) Financial Statements (2024 and earlier)

Company Profile

Business Address 3305 FLAMINGO DRIVE
VERO BEACH, FL 32963
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (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 investments6,0118,4217,5588,0704,9486,103
Cash and cash equivalents6,0118,4217,5588,0704,9486,103
Restricted cash and investments7631,3913,3534,3151,2932,650
Total current assets:6,7749,81210,91112,3856,2408,753
Noncurrent Assets
Property, plant and equipment1,9972,0242,0932,1633,2983,359
Deferred income tax assets23,17835,03633,289 
Total noncurrent assets:25,17637,06135,3822,1633,2983,359
Other undisclosed assets54,36875,21282,407265,656249,861272,477
TOTAL ASSETS:86,317122,085128,701280,204259,400284,589
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt43,81858,87865,071209,954200,396200,183
Total current liabilities:43,81858,87865,071209,954200,396200,183
Noncurrent Liabilities
Other undisclosed liabilities30,37530,20729,14229,55830,04928,714
Total liabilities:74,19389,08594,213239,512230,445228,897
Equity
Equity, attributable to parent, including:12,12433,00034,48840,69228,95555,692
Additional paid in capital329,828330,880332,643332,643334,919334,879
Accumulated deficit(317,714)(297,891)(298,167)(291,963)(305,977)(279,199)
Other undisclosed equity, attributable to parent101112121313
Total equity:12,12433,00034,48840,69228,95555,692
TOTAL LIABILITIES AND EQUITY:86,317122,085128,701280,204259,400284,589

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
Revenues16,15114,05012,31216,23617,75916,004
Revenue, net7,431
Other income  (4,744)(10,279)(603)(11,448) 
Gross profit:16,15114,05012,31216,23617,75916,004
Operating expenses(9,839)  (6,440)(6,442)(6,403)
Operating income:6,31214,05012,3129,79611,3179,601
Nonoperating expense(12,146)(4,744)(10,279)(603)(11,448)(3,673)
Investment income, nonoperating801(0)(5,293)(5,818)(276)(46)
Interest and debt expense(2,131)(1,113)(2,225)(6,175)(5,520)(3,033)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (6,666)0(1)(0)
Income (loss) from continuing operations before equity method investments, income taxes:(7,965)8,193(6,859)3,018(5,651)2,896
Other undisclosed loss from continuing operations before income taxes(0)(8,285)    
Income (loss) from continuing operations before income taxes:(7,965)(92)(6,859)3,018(5,651)2,896
Income tax expense (benefit)(11,858)3681,36910,996(21,127)(19,378)
Income (loss) from continuing operations:(19,823)275(5,489)14,015(26,778)(16,483)
Income (loss) before gain (loss) on sale of properties:275(5,489)14,015(26,778)(16,483)
Net income (loss) available to common stockholders, diluted:(19,823)275(5,489)14,015(26,778)(16,483)

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):(19,823)275(5,489)14,015(26,778)(16,483)
Comprehensive income (loss), net of tax, attributable to parent:(19,823)275(5,489)14,015(26,778)(16,483)

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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