Drive Shack Inc. (DS) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:31821701475089118
Cash and cash equivalents28791681404674106
Short-term investments332    
Other undisclosed cash, cash equivalents, and short-term investments   641612
Restricted cash and investments335    
Receivables589    
Inventory, net of allowances, customer advances and progress billings33545513
Inventory33545513
Deferred costs    0  
Disposal group, including discontinued operation     234 
Other current assets182124    
Other undisclosed current assets1473(5)    
Total current assets:7418920815155329131
Noncurrent Assets
Operating lease, right-of-use asset215
Property, plant and equipment180133241534333270
Long-term investments and receivables24232119   
Long-term investments24232119   
Intangible assets, net (including goodwill)184857657485472
Goodwill      127
Intangible assets, net (excluding goodwill)184857657485345
Restricted cash and investments001    
Other noncurrent assets5993939936252
Total noncurrent assets:442213329176517153994
Other undisclosed assets   8458961,2813,727
TOTAL ASSETS:5164025371,1721,4681,7624,853
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:264537    
Accrued liabilities332    
Interest and dividends payable111    
Other undisclosed accounts payable and accrued liabilities224134    
Deferred revenue26
Debt655601418441 
Deferred revenue and credits31    
Customer advances and deposits9   
Contract with customer, liability19
Other liabilities242223    
Other undisclosed current liabilities1112     
Total current liabilities:93104104601418441 
Noncurrent Liabilities
Long-term debt and lease obligation, including:23910112    
Long-term debt, excluding current maturities515151    
Operating lease, liability188
Other undisclosed long-term debt and lease obligation (41)61    
Liabilities, other than long-term debt101198456260
Customer advances or deposits87    
Deferred revenue and credits7   235
Deferred revenue6
Contract with customer, liability6
Off-market lease, unfavorable   45625
Other liabilities355    
Other undisclosed noncurrent liabilities10914251    
Total noncurrent liabilities:357164262456260
Other undisclosed liabilities   3498341,0563,367
Total liabilities:4502673669541,2581,5043,626
Stockholders' equity
Stockholders' equity attributable to parent661351712182102581,165
Preferred stock62626262626262
Common stock1111114
Additional paid in capital3,1773,1763,1733,1733,1723,1722,971
Accumulated other comprehensive income2211336677
Accumulated deficit(3,176)(3,105)(3,066)(3,018)(3,058)(3,042)(1,948)
Stockholders' equity attributable to noncontrolling interest    (0)061
Total stockholders' equity:661351712182102581,226
TOTAL LIABILITIES AND EQUITY:5164025371,1721,4681,7624,853

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues272314293299296464150
Revenue, net222226 179150
Other operating income    296292149
Cost of revenue(110)(0)(0)(0)(10)(28)(54)
Cost of goods and services sold(15)    (30)(54)
Provision for loan, lease, and other losses (0)
Amortization of mortgage servicing rights (msrs)   (0) (0) 
Financial services costs(0) (10)2 
Gross profit:16231429329928643697
Operating expenses(229)(341)(338)(338)(328)(348)(208)
Other undisclosed operating income 000   
Operating income (loss):(67)(26)(45)(39)(42)88(111)
Nonoperating income (expense)13(12)4117407539
Investment income, nonoperating13(12)4117407437
Interest and debt expense(0)(2)(0)(1)(62)(83)(86)
Income (loss) from continuing operations before equity method investments, income taxes:(54)(40)(42)77(65)79(159)
Income from equity method investments      2
Other undisclosed income (loss) from continuing operations before income taxes020186(11)278
Income (loss) from continuing operations before income taxes:(54)(38)(41)782168121
Income tax expense(1)(0)(1)(0)(0)(0)(2)
Income (loss) from continuing operations:(55)(39)(42)772168119
Income (loss) from discontinued operations    1(35)33
Net income (loss):(55)(39)(42)772232152
Net income (loss) attributable to noncontrolling interest   (0)01(1)
Other undisclosed net income attributable to parent      1
Net income (loss) attributable to parent:(55)(39)(42)772233152
Preferred stock dividends and other adjustments(6)(6)(6)(6)(6)(6)(6)
Other undisclosed net loss available to common stockholders, basic      (1)
Net income (loss) available to common stockholders, diluted:(60)(44)(48)711628146

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(55)(39)(42)772232152
Other comprehensive income (loss)(0)10(32)(33)(11)51
Other undisclosed comprehensive loss      (1)
Comprehensive income (loss):(55)(38)(42)45(11)22202
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   (0)011
Comprehensive income (loss), net of tax, attributable to parent:(55)(38)(42)45(11)23203

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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