Gamco Investors, Inc. (GBL) financial statements (2023 and earlier)

Company profile

Business Address ONE CORPORATE CENTER
RYE, NY 10580
State of Incorp. DE
Fiscal Year End December 31
SIC 6211 - Security Brokers, Dealers, and Flotation Companies (benchmarking)
More info Complete financial analysis Financial benchmarking

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

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 investments155,34425,84527,72641,20217,86639,81213,719
Cash and cash equivalents123,000  41,20217,82139,81213,719
Short-term investments32,34425,84527,726 45  
Receivables      6,787
Total current assets:155,34425,84527,72641,20217,86639,81220,506
Noncurrent Assets
Finance lease, right-of-use asset4,0552,4522,678
Operating lease, right-of-use asset2,600800800
Property, plant and equipment   2,0952,3042,5142,723
Intangible assets, net (including goodwill), including:3,1763,1763,7653,7653,7653,7653,765
Goodwill200200200    
Other undisclosed intangible assets, net (including goodwill)2,9762,9763,5653,7653,7653,7653,765
Total noncurrent assets:9,8316,4287,2435,8606,0696,2796,488
Other undisclosed assets66,497153,129154,91787,550104,351103,13877,033
TOTAL ASSETS:231,672185,402189,886134,612128,286149,229104,027
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation50,990      
Long-term debt, excluding current maturities50,990      
Total noncurrent liabilities:50,990      
Other undisclosed liabilities86,80298,491135,169125,002224,559315,876380,354
Total liabilities:137,79298,491135,169125,002224,559315,876380,354
Stockholders' equity
Stockholders' equity attributable to parent, including:93,88086,91154,7179,610(96,306)(166,647)(276,327)
Treasury stock, value(345,062)(328,562)(324,660)(287,303)(276,693)(262,369)(251,596)
Additional paid in capital28,75321,21917,03314,19212,5723,903345
Accumulated other comprehensive income (loss)(177)(165)(204)(240)11,87611,2719,115
Retained earnings (accumulated deficit)410,333394,386362,515282,928155,93980,515(34,224)
Other undisclosed stockholders' equity attributable to parent33333333 3333
Other undisclosed stockholders' equity    33  
Total stockholders' equity:93,88086,91154,7179,610(96,273)(166,647)(276,327)
TOTAL LIABILITIES AND EQUITY:231,672185,402189,886134,612128,286149,229104,027

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues301,126259,726312,368341,455360,524353,000380,976
Revenues, excluding interest and dividends      380,976
Financial services revenue316,705308,459 
Cost of revenue
(Cost of Goods and Services Sold)
    (13,666)(6,518) 
Gross profit:301,126259,726312,368341,455346,858346,482380,976
Operating expenses(183,706)(160,117)(194,384)(154,668)(215,504)(161,204)(233,027)
Other undisclosed operating income    13,6666,518 
Operating income:117,42099,609117,984186,787145,020191,796147,949
Nonoperating expense(13,379)(15,925)(9,326)(32,128)(12,132)(9,569)(8,924)
Investment income, nonoperating5508263,1752,2412,3501,5116
Interest and debt expense(2,919)(2,620)(2,609)(3,525)(3,300)(12,674)(1,067)
Other undisclosed income from continuing operations before equity method investments, income taxes 2,6202,6093,5253,30012,6741,067
Income from continuing operations before equity method investments, income taxes:101,12283,684108,658154,659132,888182,227139,025
Other undisclosed income from continuing operations before income taxes2,919      
Income from continuing operations before income taxes:104,04183,684108,658154,659132,888182,227139,025
Income tax expense(30,842)(24,991)(26,741)(37,463)(55,079)(65,106)(51,726)
Income from continuing operations:73,19958,69381,917117,19677,809117,12187,299
Loss from discontinued operations      (3,887)
Net income available to common stockholders, basic:73,19958,69381,917117,19677,809117,12183,412
Interest on convertible debt    2,6041,133 
Net income available to common stockholders, diluted:73,19958,69381,917117,19680,413118,25483,412

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:73,19958,69381,917117,19677,809117,12183,412
Other comprehensive income (loss)   (6)6052,156(8,346)
Comprehensive income:73,19958,69381,917117,19078,414119,27775,066
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(12)3936    
Comprehensive income, net of tax, attributable to parent:73,18758,73281,953117,19078,414119,27775,066

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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