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)

12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments251419
Cash and cash equivalents251419
Restricted cash and investments110
Prepaid expense421
Contract with customer, asset11 
Other undisclosed current assets1983
Total current assets:512723
Noncurrent Assets
Operating lease, right-of-use asset23 
Property, plant and equipment17108
Intangible assets, net (including goodwill)100
Intangible assets, net (excluding goodwill)100
Deferred income tax assets7316
Other noncurrent assets410
Other undisclosed noncurrent assets18114
Total noncurrent assets:1353812
TOTAL ASSETS:1866535
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:854
Other undisclosed accounts payable and accrued liabilities854
Deferred revenue43
Debt443
Deferred rent credit  0
Contract with customer, liability1
Other undisclosed current liabilities520
Total current liabilities:20138
Noncurrent Liabilities
Long-term debt and lease obligation1124246
Long-term debt, excluding current maturities794246
Operating lease, liability33 
Liabilities, other than long-term debt92336
Deferred revenue3020
Deferred rent credit  5
Due to related parties62132
Other undisclosed noncurrent liabilities 7 
Total noncurrent liabilities:2048252
Total liabilities:2249660
Stockholders' equity
Stockholders' equity attributable to parent, including:(5)(9)83
Additional paid in capital291489
Accumulated deficit(35)(24)(7)
Other undisclosed stockholders' equity attributable to parent000
Stockholders' equity attributable to noncontrolling interest(34)(22)(108)
Total stockholders' equity:(38)(31)(25)
TOTAL LIABILITIES AND EQUITY:1866535

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

12/31/2020
12/31/2019
12/31/2018
Gross profit:1177760
Operating expenses(97)(63)(74)
Operating income (loss):2014(14)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
0 (0)
Interest and debt expense(2)(2)(4)
Income (loss) from continuing operations before income taxes:1812(18)
Income tax expense (benefit)1(1)(0)
Net income (loss):1910(19)
Net income (loss) attributable to noncontrolling interest(9)(7)10
Net income (loss) available to common stockholders, diluted:94(9)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
Net income (loss):1910(19)
Comprehensive income (loss):1910(19)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(9)(7)10
Comprehensive income (loss), net of tax, attributable to parent:94(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.

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