Emergent Capital, Inc. (EMGC) financial statements (2020 and earlier)

Company profile

Business Address 5355 TOWN CENTER ROAD
BOCA RATON, FL 33486
State of Incorp. FL
Fiscal Year End November 30
SIC 6311 - Life Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

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

8/31/2019
TTM
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:141311120552320
Cash and cash equivalents91821351157
Short-term investments132     12
Other undisclosed cash, cash equivalents, and short-term investments 1397481
Restricted cash and investments1 63   
Total current assets:142311723552320
Noncurrent Assets
Property, plant and equipment0000000
Long-term investments and receivables2 22222
Long-term investments2 22222
Intangible assets, net (including goodwill)     0
Intangible assets, net (excluding goodwill)      0
Deferred costs      0
Total noncurrent assets:2033323
Other undisclosed assets21603506484402323137
TOTAL ASSETS:165634526510460348160
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities12143835329024515534
Total liabilities:12143835329024515534
Stockholders' equity
Stockholders' equity attributable to parent, including:44197173220215193127
Treasury stock, value(3)(3)(3)(3)   
Additional paid in capital334334308305267240238
Accumulated other comprehensive loss      (0)
Accumulated deficit(289)(136)(133)(83)(52)(46)(112)
Other undisclosed stockholders' equity attributable to parent2200000
Total stockholders' equity:44197173220215193127
TOTAL LIABILITIES AND EQUITY:165634526510460348160

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

8/31/2019
TTM
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues11752147448919
Other income200 
Cost of revenue(77)(39)(28)(86)(23)(25)(8)
Gross profit:3913(27)(39)216411
Operating expenses(7)(16)(22) (26)(12)(56)
Operating income (loss):32(3)(49)(39)(5)52(45)
Nonoperating expense
(Investment Income, Nonoperating)
(53)      
Interest and debt expense(16)(35)(29)(27)(16)(18)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes6935292716181
Income (loss) from continuing operations before income taxes:32(3)(49)(39)(5)52(45)
Income tax expense (benefit)(1)  9(0)(0)0
Income (loss) from continuing operations:31(3)(49)(30)(5)52(45)
Income (loss) from discontinued operations0(0)(0)(1)(0)14 
Net income (loss) available to common stockholders, basic:31(4)(50)(31)(6)65(45)
Interest on convertible debt2      
Net income (loss) available to common stockholders, diluted:34(4)(50)(31)(6)65(45)

Comprehensive Income ($ in millions)

8/31/2019
TTM
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):31(4)(50)(31)(6)65(45)
Comprehensive income (loss):31(4)(50)(31)(6)65(45)
Other undisclosed comprehensive income, net of tax, attributable to parent     00
Comprehensive income (loss), net of tax, attributable to parent:31(4)(50)(31)(6)65(45)

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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