GlassBridge Enterprises, Inc. (GLAE) financial statements (2021 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)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 65103270115
Cash and cash equivalents 6591070115
Short-term investments 0 122  
Receivables 0 6825134
Inventory, net of allowances, customer advances and progress billings   441158
Inventory   441158
Prepaid expense 2     
Disposal group, including discontinued operation  2111  
Assets held-for-sale, not part of disposal group     21
Other current assets 11232533
Total current assets: 992158152339
Noncurrent Assets
Property, plant and equipment   13545
Long-term investments and receivables 15     
Long-term investments 15     
Intangible assets, net (including goodwill) 51 87894
Goodwill 51  4436
Intangible assets, net (excluding goodwill)   83458
Disposal group, including discontinued operation, noncurrent assets  033  
Other noncurrent assets  671421
Other undisclosed noncurrent assets 2     
Total noncurrent assets: 687191417160
TOTAL ASSETS: 76154071168499
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 442323110194
Accounts payable 20674496
Accrued liabilities 2317166698
Debt     019
Disposal group, including discontinued operation  5540  
Total current liabilities: 482863110213
Noncurrent Liabilities
Liabilities, other than long-term debt 142639343448
Deferred tax liabilities, net    2
Liability, pension and other postretirement and postemployment benefits 14     
Disposal group, including discontinued operation, liabilities  294  
Other liabilities 02430293446
Other undisclosed noncurrent liabilities 28    (2)
Total noncurrent liabilities: 422639343446
Total liabilities: 45346797144258
Stockholders' equity
Stockholders' equity attributable to parent 6(19)(22)(25)24241
Common stock  00 00
Treasury stock, value (25)(25)(27)(28)(28)(10)
Additional paid in capital 1,0541,0491,0511,0431,0421,035
Accumulated other comprehensive loss (21)(21)(19)(21)(96)(85)
Accumulated deficit (1,003)(1,023)(1,028)(1,019)(894)(700)
Stockholders' equity attributable to noncontrolling interest 26 (5)   
Total stockholders' equity: 31(19)(27)(25)24241
TOTAL LIABILITIES AND EQUITY: 76154071168499

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 0 3744529730
Revenue, net3744529730
Cost of revenue
(Cost of Goods and Services Sold)
   (20)(25)(428)(591)
Gross profit: 0 1719101138
Operating expenses (4)(8)(46)(54)(279)(243)
Operating loss: (3)(8)(29)(35)(177)(104)
Nonoperating income (expense) 15(1)1(5)(1)(3)
Investment income, nonoperating 0(1)1001
Other nonoperating income (expense)  1(1)(5)(1)(3)
Interest and debt expense (0)(0)  (3)(3)
Other undisclosed income from continuing operations before equity method investments, income taxes 00    
Income (loss) from continuing operations before income taxes: 11(9)(29)(40)(182)(109)
Income tax expense (benefit)  (0)6(0)(13)(3)
Other undisclosed income from continuing operations  0    
Income (loss) from continuing operations: 11(9)(23)(40)(194)(112)
Income (loss) from discontinued operations 12134(76) (1)
Net income (loss): 234(19)(116)(194)(113)
Net income (loss) attributable to noncontrolling interest (3) 10   
Other undisclosed net loss attributable to parent    (10) (2)
Net income (loss) available to common stockholders, diluted: 204(8)(125)(194)(115)

Comprehensive Income ($ in millions)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): 234(19)(116)(194)(113)
Other comprehensive income (loss) 0(2)2 (11)(22)
Comprehensive income (loss): 232(17)(116)(205)(135)
Comprehensive income, net of tax, attributable to noncontrolling interest   10   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    66 (2)
Comprehensive income (loss), net of tax, attributable to parent: 232(7)(50)(205)(137)

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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