GlassBridge Enterprises, Inc. (GLAE) financial statements (2020 and earlier)

Company profile

Business Address 1099 HELMO AVE N
OAKDALE, MN 55128
State of Incorp. DE
Fiscal Year End December 31
SIC 6282 - Investment Advice (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
TTM
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 5103270115133
Cash and cash equivalents 591070115133
Short-term investments  122   
Receivables  6825134163
Inventory, net of allowances, customer advances and progress billings  44115884
Inventory  44115884
Disposal group, including discontinued operation 2111   
Assets held-for-sale, not part of disposal group    21
Other current assets 123253349
Total current assets: 92158152339429
Noncurrent Assets
Property, plant and equipment  1354552
Intangible assets, net (including goodwill)  87894141
Goodwill   443672
Intangible assets, net (excluding goodwill)  8345869
Disposal group, including discontinued operation, noncurrent assets 033  
Other noncurrent assets 67142121
Total noncurrent assets: 7191417160213
TOTAL ASSETS: 154071168499642
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 42323110194211
Accounts payable 067449695
Accrued liabilities 317166698116
Debt    01920
Disposal group, including discontinued operation 5540   
Customer refund liability      33
Deferred tax liabilities     0
Other undisclosed current liabilities      (34)
Total current liabilities: 82863110213231
Noncurrent Liabilities
Liabilities, other than long-term debt 263934344839
Deferred tax liabilities, net    21
Disposal group, including discontinued operation, liabilities 294   
Other liabilities 243029344638
Other undisclosed noncurrent liabilities     (2)(1)
Total noncurrent liabilities: 263934344638
Total liabilities: 346797144258269
Stockholders' equity
Stockholders' equity attributable to parent (19)(22)(25)24241373
Common stock 00 000
Treasury stock, value (25)(27)(28)(28)(10)(27)
Additional paid in capital 1,0491,0511,0431,0421,0351,048
Accumulated other comprehensive loss (21)(19)(21)(96)(85)(63)
Accumulated deficit (1,023)(1,028)(1,019)(894)(700)(585)
Stockholders' equity attributable to noncontrolling interest  (5)    
Total stockholders' equity: (19)(27)(25)24241373
TOTAL LIABILITIES AND EQUITY: 154071168499642

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues
(Revenue, Net)
  3744529730861
Cost of revenue
(Cost of Goods and Services Sold)
  (20)(25)(428)(591)(672)
Gross profit:  1719101138189
Operating expenses (8)(46)(54)(279)(243)(209)
Operating loss: (8)(29)(35)(177)(104)(20)
Nonoperating income (expense) (1)1(5)(1)(3)(0)
Investment income, nonoperating (1)10010
Other nonoperating income (expense) 1(1)(5)(1)(3)(1)
Interest and debt expense (0)  (3)(3)(3)
Other undisclosed income from continuing operations before equity method investments, income taxes 0     
Loss from continuing operations before income taxes: (9)(29)(40)(182)(109)(23)
Income tax expense (benefit) (0)6(0)(13)(3)(1)
Other undisclosed income from continuing operations 0     
Loss from continuing operations: (9)(23)(40)(194)(112)(24)
Income (loss) from discontinued operations 134(76) (1) 
Net income (loss): 4(19)(116)(194)(113)(24)
Net income attributable to noncontrolling interest  10    
Other undisclosed net loss attributable to parent   (10) (2)(20)
Net income (loss) available to common stockholders, diluted: 4(8)(125)(194)(115)(44)

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss): 4(19)(116)(194)(113)(24)
Other comprehensive income (loss) (2)2 (11)(22)11
Comprehensive income (loss): 2(17)(116)(205)(135)(13)
Comprehensive income, net of tax, attributable to noncontrolling interest  10    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   66 (2)(20)
Comprehensive income (loss), net of tax, attributable to parent: 2(7)(50)(205)(137)(33)

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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