Goosehead Insurance, Inc. (GSHD) financial statements (2022 and earlier)

Company profile

Business Address 1500 SOLANA BLVD
WESTLAKE, TX 76262
State of Incorp. DE
Fiscal Year End December 31
SIC 6411 - Insurance Agents, Brokers, and Service (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments28,52624,91314,33718,635
Cash and cash equivalents28,52624,91314,33718,635
Restricted cash and investments1,9531,323923376
Prepaid expense4,7853,7051,9871,109
Contract with customer, asset1,9731,4121,004 
Other undisclosed current assets10,57619,2928,4822,719
Total current assets:47,81350,64526,73322,839
Noncurrent Assets
Operating lease, right-of-use asset32,65622,513 
Property, plant and equipment24,93316,6509,5427,575
Intangible assets, net (including goodwill)2,798549445248
Intangible assets, net (excluding goodwill)2,798549445248
Deferred income tax assets125,67673,36315,537
Other noncurrent assets4,7423,9381,357130
Other undisclosed noncurrent assets29,18018,17911,0144,006
Total noncurrent assets:219,985135,19237,89511,959
TOTAL ASSETS:267,798185,83764,62834,798
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:10,5028,1015,0333,978
Other undisclosed accounts payable and accrued liabilities10,5028,1015,0333,978
Deferred revenue6,0544,2332,771
Debt4,3753,5004,0002,500
Deferred rent credit   428
Contract with customer, liability530
Other undisclosed current liabilities6,8464,5261,606376
Total current liabilities:27,77720,36013,4107,812
Noncurrent Liabilities
Long-term debt and lease obligation165,696112,34142,16145,947
Long-term debt, excluding current maturities118,36179,40842,16145,947
Operating lease, liability47,33532,933 
Liabilities, other than long-term debt143,51391,54033,3836,242
Deferred revenue42,55429,96820,024
Deferred rent credit   4,548
Due to related parties100,95961,57213,3591,694
Other undisclosed noncurrent liabilities  6,681 
Total noncurrent liabilities:309,209203,88182,22552,189
Total liabilities:336,986224,24195,63560,001
Stockholders' equity
Stockholders' equity attributable to parent, including:(14,020)(4,876)(9,007)82,595
Additional paid in capital46,28129,37114,44288,811
Accumulated deficit(60,671)(34,614)(23,811)(6,578)
Other undisclosed stockholders' equity attributable to parent370367362362
Stockholders' equity attributable to noncontrolling interest(55,168)(33,528)(22,000)(107,798)
Total stockholders' equity:(69,188)(38,404)(31,007)(25,203)
TOTAL LIABILITIES AND EQUITY:267,798185,83764,62834,798

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues151,312117,01477,48660,148
Gross profit:151,312117,01477,48660,148
Operating expenses(142,639)(97,074)(63,413)(74,078)
Operating income (loss):8,67319,94014,073(13,930)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
18590 (22)
Interest and debt expense(2,854)(2,310)(2,387)(4,266)
Income (loss) from continuing operations before income taxes:6,00417,72011,686(18,218)
Income tax expense (benefit)2,2921,035(1,304)(449)
Net income (loss):8,29618,75510,382(18,667)
Net income (loss) attributable to noncontrolling interest(2,893)(9,468)(6,815)9,764
Net income (loss) available to common stockholders, diluted:5,4039,2873,567(8,903)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):8,29618,75510,382(18,667)
Comprehensive income (loss):8,29618,75510,382(18,667)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2,893)(9,468)(6,815)9,764
Comprehensive income (loss), net of tax, attributable to parent:5,4039,2873,567(8,903)

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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