Drive Shack Inc. (DS) financial statements (2021 and earlier)

Company profile

Business Address 218 WEST 18TH STREET
NEW YORK, NY 10011
State of Incorp. MD
Fiscal Year End December 31
SIC 581 - Eating And Drinking Places (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
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, including:5131821701475089
Cash and cash equivalents4828791681404674
Short-term investments3332   
Other undisclosed cash, cash equivalents, and short-term investments    6416
Restricted cash and investments2335   
Receivables4589   
Inventory, net of allowances, customer advances and progress billings2335455
Inventory2335455
Deferred costs     0 
Disposal group, including discontinued operation      234
Other current assets14182124   
Other undisclosed current assets(2)1473(5)   
Total current assets:727418920815155329
Noncurrent Assets
Finance lease, right-of-use asset19 
Operating lease, right-of-use asset193215
Property, plant and equipment 180133241534333
Long-term investments and receivables 24232119  
Long-term investments 24232119  
Intangible assets, net (including goodwill)15184857657485
Intangible assets, net (excluding goodwill)15184857657485
Restricted cash and investments1001   
Other noncurrent assets75993939936
Other undisclosed noncurrent assets150      
Total noncurrent assets:385442213329176517153
Other undisclosed assets    8458961,281
TOTAL ASSETS:4575164025371,1721,4681,762
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:30264537   
Accrued liabilities4332   
Interest and dividends payable 111   
Other undisclosed accounts payable and accrued liabilities25224134   
Deferred revenue2326
Debt6655601418441
Deferred revenue and credits31   
Customer advances and deposits9   
Contract with customer, liability19
Other liabilities28242223   
Other undisclosed current liabilities151112    
Total current liabilities:10293104104601418441
Noncurrent Liabilities
Long-term debt and lease obligation, including:21923910112   
Long-term debt, excluding current maturities51515151   
Operating lease, liability168188
Other undisclosed long-term debt and lease obligation  (41)61   
Liabilities, other than long-term debt13101198456
Customer advances or deposits87   
Deferred revenue and credits7   
Deferred revenue106
Contract with customer, liability6
Off-market lease, unfavorable    456
Other liabilities3355   
Other undisclosed noncurrent liabilities11310914251   
Total noncurrent liabilities:345357164262456
Other undisclosed liabilities    3498341,056
Total liabilities:4474502673669541,2581,504
Stockholders' equity
Stockholders' equity attributable to parent1066135171218210258
Preferred stock62626262626262
Common stock1111111
Additional paid in capital3,1793,1773,1763,1733,1733,1723,172
Accumulated other comprehensive income122113366
Accumulated deficit(3,232)(3,176)(3,105)(3,066)(3,018)(3,058)(3,042)
Stockholders' equity attributable to noncontrolling interest     (0)0
Total stockholders' equity:1066135171218210258
TOTAL LIABILITIES AND EQUITY:4575164025371,1721,4681,762

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues220272314293299296464
Revenue, net222226 179
Other operating income     296292
Cost of revenue(68)(110)(0)(0)(0)(10)(28)
Cost of goods and services sold(9)(15)    (30)
Provision for loan, lease, and other losses  (0)
Amortization of mortgage servicing rights (msrs)    (0) (0)
Financial services costs(0) (10)2
Gross profit:152162314293299286436
Operating expenses(189)(229)(341)(338)(338)(328)(348)
Other undisclosed operating income  000  
Operating income (loss):(37)(67)(26)(45)(39)(42)88
Nonoperating income (expense)(18)13(12)41174075
Investment income, nonoperating(18)13(12)41174074
Interest and debt expense(11)(0)(2)(0)(1)(62)(83)
Income (loss) from continuing operations before equity method investments, income taxes:(66)(54)(40)(42)77(65)79
Other undisclosed income (loss) from continuing operations before income taxes11020186(11)
Income (loss) from continuing operations before income taxes:(55)(54)(38)(41)782168
Income tax expense(2)(1)(0)(1)(0)(0)(0)
Income (loss) from continuing operations:(56)(55)(39)(42)772168
Income (loss) from discontinued operations     1(35)
Net income (loss):(56)(55)(39)(42)772232
Net income (loss) attributable to noncontrolling interest    (0)01
Net income (loss) attributable to parent:(56)(55)(39)(42)772233
Preferred stock dividends and other adjustments(6)(6)(6)(6)(6)(6)(6)
Net income (loss) available to common stockholders, diluted:(62)(60)(44)(48)711628

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(56)(55)(39)(42)772232
Other comprehensive income (loss) (0)10(32)(33)(11)
Other undisclosed comprehensive loss(0)      
Comprehensive income (loss):(57)(55)(38)(42)45(11)22
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    (0)01
Comprehensive income (loss), net of tax, attributable to parent:(57)(55)(38)(42)45(11)23

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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