Drive Shack Inc. (DS) financial statements (2022 and earlier)

Company profile

Business Address 10670 N. CENTRAL EXPRESSWAY, SUITE 700
DALLAS, TX 75231
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)

12/31/2021
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 investments, including:6251318217014750
Cash and cash equivalents5848287916814046
Short-term investments33332  
Other undisclosed cash, cash equivalents, and short-term investments     64
Restricted cash and investments32335  
Receivables64589  
Inventory, net of allowances, customer advances and progress billings2233545
Inventory2233545
Deferred costs      0
Other current assets3014182124  
Other undisclosed current assets(2)(2)1473(5)  
Total current assets:101727418920815155
Noncurrent Assets
Finance lease, right-of-use asset1419 
Operating lease, right-of-use asset182193215
Property, plant and equipment  1801332415343
Long-term investments and receivables  24232119 
Long-term investments  24232119 
Intangible assets, net (including goodwill)13151848576574
Intangible assets, net (excluding goodwill)13151848576574
Restricted cash and investments11001  
Other noncurrent assets7759939399
Other undisclosed noncurrent assets165150     
Total noncurrent assets:382385442213329176517
Other undisclosed assets     845896
TOTAL ASSETS:4834575164025371,1721,468
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3430264537  
Accrued liabilities34332  
Interest and dividends payable1 111  
Other undisclosed accounts payable and accrued liabilities3025224134  
Deferred revenue262326
Debt56655601418
Deferred revenue and credits31  
Customer advances and deposits9  
Contract with customer, liability19
Other liabilities2728242223  
Other undisclosed current liabilities18151112   
Total current liabilities:11110293104104601418
Noncurrent Liabilities
Long-term debt and lease obligation, including:21721923910112  
Long-term debt, excluding current maturities5151515151  
Operating lease, liability166168188
Other undisclosed long-term debt and lease obligation   (41)61  
Liabilities, other than long-term debt111310119845
Customer advances or deposits87  
Deferred revenue and credits7  
Deferred revenue10106
Contract with customer, liability6
Off-market lease, unfavorable     45
Other liabilities13355  
Other undisclosed noncurrent liabilities11411310914251  
Total noncurrent liabilities:34234535716426245
Other undisclosed liabilities     349834
Total liabilities:4534474502673669541,258
Stockholders' equity
Stockholders' equity attributable to parent281066135171218210
Preferred stock62626262626262
Common stock1111111
Additional paid in capital3,2343,1793,1773,1763,1733,1733,172
Accumulated other comprehensive income11221133
Accumulated deficit(3,269)(3,232)(3,176)(3,105)(3,066)(3,018)(3,058)
Stockholders' equity attributable to noncontrolling interest1     (0)
Total stockholders' equity:301066135171218210
TOTAL LIABILITIES AND EQUITY:4834575164025371,1721,468

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues282220272314293299296
Revenue, net222226 
Other operating income      296
Cost of revenue(45)(68)(110)(0)(0)(0)(10)
Cost of goods and services sold(13)(9)(15)    
Provision for loan, lease, and other losses   (0)
Amortization of mortgage servicing rights (msrs)     (0) 
Financial services costs(0) (10)
Gross profit:236152162314293299286
Operating expenses(257)(189)(229)(341)(338)(338)(328)
Other undisclosed operating income   000 
Operating loss:(21)(37)(67)(26)(45)(39)(42)
Nonoperating income (expense)
(Investment Income, Nonoperating)
(9)(18)13(12)411740
Interest and debt expense(11)(11)(0)(2)(0)(1)(62)
Income (loss) from continuing operations before equity method investments, income taxes:(41)(66)(54)(40)(42)77(65)
Other undisclosed income from continuing operations before income taxes1111020186
Income (loss) from continuing operations before income taxes:(30)(55)(54)(38)(41)7821
Income tax expense(2)(2)(1)(0)(1)(0)(0)
Income (loss) from continuing operations:(32)(56)(55)(39)(42)7721
Income from discontinued operations      1
Net income (loss):(32)(56)(55)(39)(42)7722
Net income (loss) attributable to noncontrolling interest0    (0)0
Net income (loss) attributable to parent:(31)(56)(55)(39)(42)7722
Preferred stock dividends and other adjustments(6)(6)(6)(6)(6)(6)(6)
Net income (loss) available to common stockholders, diluted:(37)(62)(60)(44)(48)7116

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(32)(56)(55)(39)(42)7722
Other comprehensive income (loss)(0) (0)10(32)(33)
Other undisclosed comprehensive loss (0)     
Comprehensive income (loss):(32)(57)(55)(38)(42)45(11)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0    (0)0
Comprehensive income (loss), net of tax, attributable to parent:(32)(57)(55)(38)(42)45(11)

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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