Town Sports International Holdings, Inc. (CLUBQ) financial statements (2022 and earlier)

Company profile

Business Address 1001 US NORTH HIGHWAY 1
JUPITER, FL 33477
State of Incorp. DE
Fiscal Year End December 31
SIC 7997 - Membership Sports and Recreation Clubs (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 48,08830,32145,59676,21793,452
Cash and cash equivalents 48,08830,32145,59676,21793,452
Receivables 3,0502,2161,2211,9233,656
Inventory, net of allowances, customer advances and progress billings   238337573
Inventory   238337573
Prepaid expense 80922,7161,5056,89511,588
Other undisclosed current assets 9,98412,89410,27414,71913,617
Total current assets: 61,93168,14758,834100,091122,886
Noncurrent Assets
Property, plant and equipment 157,677151,498170,580195,341233,644
Intangible assets, net (including goodwill) 31,31611,3511,1431,19632,987
Goodwill 21,8776,2171,0081,02532,593
Intangible assets, net (excluding goodwill) 9,4395,134135171394
Other noncurrent assets 8,7274,7164,2295,48412,920
Other undisclosed noncurrent assets 1,8039591,0923,2487,396
Total noncurrent assets: 199,523168,524177,044205,269286,947
TOTAL ASSETS: 261,454236,671235,878305,360409,833
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 36,25327,03428,50328,87330,242
Accounts payable 3,6722,2472,4772,6152,873
Accrued liabilities 32,54724,66925,90726,03926,702
Interest and dividends payable 34118119219667
Debt 21,0802,2422,0822,8103,114
Deferred revenue and credits33,47334,57240,22536,950
Deferred tax liabilities   236300
Contract with customer, liability37,459
Other undisclosed current liabilities 314    
Total current liabilities: 95,10662,74965,15772,14470,606
Noncurrent Liabilities
Long-term debt and lease obligation 222,376241,303244,403317,325350,604
Long-term debt, excluding current maturities 178,002193,947194,743266,189296,757
Capital lease obligations44,37447,35649,66051,13653,847
Liabilities, other than long-term debt 11,55610,57611,98812,10823,096
Deferred revenue and credits3514403192,455
Contract with customer, liability258
Deferred tax liabilities, net 93611,59311,999
Other liabilities 11,29810,13211,48710,1968,642
Other undisclosed noncurrent liabilities 5,113  2883,611
Total noncurrent liabilities: 239,045251,879256,391329,461457,311
Total liabilities: 334,151314,628321,548401,605527,917
Stockholders' equity
Stockholders' equity attributable to parent (72,990)(77,957)(85,670)(96,245)(118,084)
Common stock 2525242424
Additional paid in capital (1,644)(4,290)(6,261)(8,386)(10,055)
Accumulated other comprehensive income (loss) 1,8411,201(168)(523)395
Accumulated deficit (73,212)(74,893)(79,265)(87,360)(108,448)
Stockholders' equity attributable to noncontrolling interest 293    
Total stockholders' equity: (72,697)(77,957)(85,670)(96,245)(118,084)
TOTAL LIABILITIES AND EQUITY: 261,454236,671235,878305,360409,833

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 443,094403,042396,921424,323453,842
Revenue, net403,042396,921424,323453,842
Cost of revenue (383,280)(353,839)(364,736)(395,026)(398,790)
Gross profit: 59,81449,20332,18529,29755,052
Operating expenses (47,295)(42,266)(38,568)(22,183)(54,300)
Operating income (loss): 12,5196,937(6,383)7,114752
Nonoperating income (expense) 133782 (1,482)
Investment income, nonoperating 133782  
Loss on contract termination     (1,482)
Interest and debt expense (13,478)(12,665)23,953(2,668)(19,532)
Income (loss) from continuing operations before equity method investments, income taxes: (826)(5,650)17,5724,446(20,262)
Other undisclosed income from continuing operations before income taxes 3443332422,361 
Income (loss) from continuing operations before income taxes: (482)(5,317)17,8146,807(20,262)
Income tax expense (benefit) 3579,686(9,771)14,351(52,611)
Net income (loss): (125)4,3698,04321,158(72,873)
Net income attributable to noncontrolling interest 202    
Other undisclosed net income attributable to parent     3,884
Net income (loss) available to common stockholders, diluted: 774,3698,04321,158(68,989)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): (125)4,3698,04321,158(72,873)
Other comprehensive income (loss)  1,327531(753)(1,112)
Other undisclosed comprehensive income 640    
Comprehensive income (loss): 5155,6968,57420,405(73,985)
Comprehensive income, net of tax, attributable to noncontrolling interest 202    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  42(176)(165)3,339
Comprehensive income (loss), net of tax, attributable to parent: 7175,7388,39820,240(70,646)

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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