Genie Energy Ltd. (GNE) financial statements (2022 and earlier)

Company profile

Business Address 520 BROAD STREET
NEWARK, NJ 07012
State of Incorp. DE
Fiscal Year End December 31
SIC 4931 - Electric and Other Services Combined (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 investments96,82842,00231,24241,60129,91335,19238,786
Cash and cash equivalents95,49236,91331,24241,60129,91335,19238,786
Short-term investments1,3365,089     
Restricted cash and investments6,6576,2716,792 51810,81310,894
Receivables52,35760,77849,82235,92044,62936,85827,222
Inventory, net of allowances, customer advances and progress billings17,72016,93016,6329,8933,9865,98911,440
Inventory17,72016,93016,6329,8933,9865,98911,440
Prepaid expense4,9944,6336,3186,1676,1314,02611,328
Other current assets21,7893,2062,1334,3234,9854,9326,104
Other undisclosed current assets      8,850
Total current assets:200,345133,820112,93997,90490,16297,810114,624
Noncurrent Assets
Property, plant and equipment2972593,6074,3014,0201,6171,347
Long-term investments and receivables 7476752,2083,450 (399)
Long-term investments 7476752,2083,450 (399)
Intangible assets, net (including goodwill)15,40337,57425,80923,72414,85713,0053,663
Goodwill11,75525,92912,13511,0829,9988,7283,663
Intangible assets, net (excluding goodwill)3,64811,64513,67412,6424,8594,277 
Restricted cash and investments  5209431,4961,0471,802
Deferred income tax assets4,2594,882 
Other noncurrent assets9,16110,0577,3778,4809,6526,5535,859
Other undisclosed noncurrent assets  5,3179,3042,1411,78128,919
Total noncurrent assets:29,12053,51943,30548,96035,61624,00341,191
TOTAL ASSETS:229,465187,339156,244146,864125,778121,813155,815
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:39,52342,76252,09445,21351,34136,00132,989
Accounts payable  24,38718,50821,06817,27412,642
Accrued liabilities  26,11625,24228,06916,30119,424
Employee-related liabilities9,0719,558     
Taxes payable  1,5911,4632,2042,426923
Other undisclosed accounts payable and accrued liabilities30,45233,204     
Deferred revenue 5,609 
Debt 1,4534,030923 711 
Due to related parties532257381234228141438
Disposal group, including discontinued operation30,766      
Customer advances and deposits 7811,055
Other liabilities2,1252,4942,7044,4163,1721,784878
Other undisclosed current liabilities43,34644,89812,947  1,7272,192
Total current liabilities:116,29297,47372,15650,78654,74141,14537,552
Noncurrent Liabilities
Long-term debt and lease obligation  7772,5162,513 2,000
Long-term debt, excluding current maturities  7772,5162,513 2,000
Liabilities, other than long-term debt2,3843,7872,3819001,3968031,566
Other liabilities2,3843,7872,3819001,3968031,566
Total noncurrent liabilities:2,3843,7873,1583,4163,9098033,566
Total liabilities:118,676101,26075,31454,20258,65041,94841,118
Stockholders' equity
Stockholders' equity attributable to parent, including:123,28598,09594,805103,67184,01396,534123,377
Preferred stock19,74319,74319,74319,74319,74319,74319,743
Treasury stock, value(14,034)(9,839)(7,675)(1,624)(2,428)(1,599)(1,570)
Additional paid in capital143,249140,746139,615136,629130,870128,243124,449
Accumulated other comprehensive income3,1603,8272,5192,5913,0451,465154
Accumulated deficit(29,115)(56,658)(59,671)(53,939)(67,469)(51,567)(19,647)
Stockholders' equity note, subscriptions receivable     (1,667)
Other undisclosed stockholders' equity attributable to parent2822762742712521,916248
Stockholders' equity attributable to noncontrolling interest(12,496)(12,016)(13,875)(11,009)(16,885)(16,669)(8,680)
Total stockholders' equity:110,78986,07980,93092,66267,12879,865114,697
TOTAL LIABILITIES AND EQUITY:229,465187,339156,244146,864125,778121,813155,815

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
Revenues363,725379,312315,291280,309264,202212,112210,109
Revenue, net264,202212,112210,109
Cost of revenue(258,864)(281,627)(232,392)(203,762)(178,693)(135,172)(141,015)
Gross profit:104,86197,68582,89976,54785,50976,94069,094
Operating expenses(71,770)(78,348)(73,074)(64,569)(85,001)(67,388)(74,608)
Other operating expense, net     (64) 
Other undisclosed operating loss    (7,048)(40,001)(368)
Operating income (loss):33,09119,3379,82511,978(6,540)(30,513)(5,882)
Nonoperating income (expense)4,9678291,514713(72)539218
Investment income, nonoperating4,260190448557295332411
Other nonoperating income (expense)7076391,066156(367)207(193)
Interest and debt expense(427)(328)(530)(237)(310)200 
Income (loss) from continuing operations before equity method investments, income taxes:37,63119,83810,80912,454(6,922)(29,774)(5,664)
Loss from equity method investments (1,443)(4,830)    
Other undisclosed income (loss) from continuing operations before income taxes(4,970)5,473 (3,430) (200)(2,447)
Income (loss) from continuing operations before income taxes:32,66123,8685,9799,024(6,922)(29,974)(8,111)
Income tax expense(8,789)(8,314)(4,600)(12,376)(1,726)(2,218)(525)
Income (loss) from continuing operations:23,87215,5541,379(3,352)(8,648)(32,192)(8,636)
Income from discontinued operations3,970      
Income (loss) before gain (loss) on sale of properties:27,84215,5541,379(3,352)(8,648)(32,192)(8,636)
Other undisclosed net income   24,752   
Net income (loss):27,84215,5541,37921,400(8,648)(32,192)(8,636)
Net income (loss) attributable to noncontrolling interest1,372(2,399)2,7961,3851,6547,6671,179
Net income (loss) attributable to parent:29,21413,1554,17522,785(6,994)(24,525)(7,457)
Preferred stock dividends and other adjustments(1,678)(1,481)(1,481)(1,481)(1,481)(1,481)(1,481)
Net income (loss) available to common stockholders, diluted:27,53611,6742,69421,304(8,475)(26,006)(8,938)

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 (loss):27,84215,5541,37921,400(8,648)(32,192)(8,636)
Other comprehensive income (loss)(290)792(519) 9171,349142
Other undisclosed comprehensive income   3   
Comprehensive income (loss):27,55216,34686021,403(7,731)(30,843)(8,494)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1,177(1,877)3,2439302,3177,6291,181
Comprehensive income (loss), net of tax, attributable to parent:28,72914,4694,10322,333(5,414)(23,214)(7,313)

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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