Goosehead Insurance, Inc. (GSHD) financial statements (2021 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 millions)
| 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|
| ASSETS | ||||
| Current Assets | ||||
| Cash, cash equivalents, and short-term investments | 14 | 19 | ||
| Cash and cash equivalents | 14 | 19 | ||
| Restricted cash and investments | 1 | 0 | ||
| Prepaid expense | 2 | 1 | ||
| Contract with customer, asset | 1 | |||
| Other undisclosed current assets | 8 | 3 | ||
| Total current assets: | 27 | 23 | ||
| Noncurrent Assets | ||||
| Property, plant and equipment | 10 | 8 | ||
| Intangible assets, net (including goodwill) | 0 | 0 | ||
| Intangible assets, net (excluding goodwill) | 0 | 0 | ||
| Deferred income tax assets | 16 | ✕ | ||
| Other noncurrent assets | 1 | 0 | ||
| Other undisclosed noncurrent assets | 11 | 4 | ||
| Total noncurrent assets: | 38 | 12 | ||
| TOTAL ASSETS: | 65 | 35 | ||
| LIABILITIES AND EQUITY | ||||
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts payable and accrued liabilities, including: | 5 | 4 | ||
| Other undisclosed accounts payable and accrued liabilities | 5 | 4 | ||
| Deferred revenue | 3 | ✕ | ||
| Debt | 4 | 3 | ||
| Deferred rent credit | 0 | |||
| Contract with customer, liability | ✕ | 1 | ||
| Other undisclosed current liabilities | 2 | 0 | ||
| Total current liabilities: | 13 | 8 | ||
| Noncurrent Liabilities | ||||
| Long-term debt and lease obligation | 42 | 46 | ||
| Long-term debt, excluding current maturities | 42 | 46 | ||
| Liabilities, other than long-term debt | 33 | 6 | ||
| Deferred revenue | 20 | ✕ | ||
| Deferred rent credit | 5 | |||
| Due to related parties | 13 | 2 | ||
| Other undisclosed noncurrent liabilities | 7 | |||
| Total noncurrent liabilities: | 82 | 52 | ||
| Total liabilities: | 96 | 60 | ||
| Stockholders' equity | ||||
| Stockholders' equity attributable to parent, including: | (9) | 83 | ||
| Additional paid in capital | 14 | 89 | ||
| Accumulated deficit | (24) | (7) | ||
| Other undisclosed stockholders' equity attributable to parent | 0 | 0 | ||
| Stockholders' equity attributable to noncontrolling interest | (22) | (108) | ||
| Total stockholders' equity: | (31) | (25) | ||
| TOTAL LIABILITIES AND EQUITY: | 65 | 35 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|
| Gross profit: | 77 | 60 | |
| Operating expenses | (63) | (74) | |
| Operating income (loss): | 14 | (14) | |
| Nonoperating expense (Other Nonoperating expense) | (0) | ||
| Interest and debt expense | (2) | (4) | |
| Income (loss) from continuing operations before income taxes: | 12 | (18) | |
| Income tax expense | (1) | (0) | |
| Net income (loss): | 10 | (19) | |
| Net income (loss) attributable to noncontrolling interest | (7) | 10 | |
| Net income (loss) available to common stockholders, diluted: | 4 | (9) | |
Comprehensive Income ($ in millions)
| 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|
| Net income (loss): | 10 | (19) | |
| Comprehensive income (loss): | 10 | (19) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (7) | 10 | |
| Comprehensive income (loss), net of tax, attributable to parent: | 4 | (9) | |
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.