Heritage Global Inc. (HGBL) Financial Statements (2023 and Earlier)

Company Profile

Business Address 12625 HIGH BLUFF DRIVE
SAN DIEGO, CA 92130
State of Incorp. FL
Fiscal Year End December 31
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (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 investments13,62223,3852,7284,2682,1092,5302,777
Cash and cash equivalents13,62223,3852,7284,2682,1092,5302,777
Receivables4,9862,8343,1544003841,247639
Inventory, net of allowances, customer advances and progress billings3,2202351042,405170263395
Inventory3,2202351042,405170263395
Deposits current assets      4
Other undisclosed current assets1,456498784607357393449
Total current assets:23,28426,9526,7707,6803,0204,4334,264
Noncurrent Assets
Operating lease, right-of-use asset2,6949631,483
Inventory, real estate      3,715
Property, plant and equipment1,471130221175145156110
Long-term investments and receivables6,4673,1503,8822,767  17
Long-term investments4,6832,4022,5162,767  17
Accounts and financing receivable, after allowance for credit loss1,7847481,366    
Intangible assets, net (including goodwill)12,0116,2716,5407,3487,59810,28010,540
Goodwill7,4465,5855,5856,1586,1586,1586,158
Intangible assets, net (excluding goodwill)4,5656869551,1901,4404,1224,382
Deferred income tax assets4,4884,402 
Other noncurrent assets49250212224250275156
Other undisclosed noncurrent assets 2,4372,8092,4372,437  
Total noncurrent assets:27,18017,60315,14712,95110,43010,71114,538
TOTAL ASSETS:50,46444,55521,91720,63113,45015,14418,802
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:11,24413,6098,1108,1015,0196,7466,673
Accrued liabilities527559458419597394651
Employee-related liabilities1,9092,4982,4842,112957637645
Taxes payable2268311132933429351,421
Interest and dividends payable   642 76
Other undisclosed accounts payable and accrued liabilities8,5829,7215,0555,2713,0814,7803,880
Debt2,479 9801,178356 1,721
Due to related parties    382664 
Business combination, contingent consideration, liability    2,774961865
Other liabilities  389213319997
Other undisclosed current liabilities501380     
Total current liabilities:14,22413,9899,09310,1718,6648,5709,356
Noncurrent Liabilities
Long-term debt and lease obligation3,601623977438786 2,500
Long-term debt, excluding current maturities1,352 35438786 2,500
Operating lease, liability2,249623942
Liabilities, other than long-term debt   2,4225123,0803,552
Deferred tax liabilities, net584512960960
Due to related parties     348 
Other liabilities   1,838   
Business combination, contingent consideration, liability     1,7722,592
Other undisclosed noncurrent liabilities(2,249)(623)     
Total noncurrent liabilities:3,6016239772,8601,2983,0806,052
Total liabilities:17,82514,61210,07013,0319,96211,65015,408
Stockholders' equity
Stockholders' equity attributable to parent32,63929,94311,8477,6003,4883,4943,394
Preferred stock6666666
Common stock366353293293285285285
Additional paid in capital293,030293,400285,099284,751284,396284,149284,046
Accumulated other comprehensive loss  (77)(77)(75)(71)(54)
Accumulated deficit(260,763)(263,816)(273,474)(277,373)(281,124)(280,875)(280,889)
Total stockholders' equity:32,63929,94311,8477,6003,4883,4943,394
TOTAL LIABILITIES AND EQUITY:50,46444,55521,91720,63113,45015,14418,802

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
Revenues25,79226,18326,16823,66420,12923,78117,431
Revenue, net20,12923,78117,431
Cost of revenue(7,428)(9,109)(7,739)(4,048)(3,007)(4,187)(9,285)
Cost of goods and services sold    (3,007)(4,187)(9,285)
Gross profit:18,36417,07418,42919,61617,12219,5948,146
Operating expenses(15,271)(14,811)(16,752)(15,538)(19,765)(23,643)(18,786)
Other undisclosed operating income (loss)(79)3,7961,373 3,0074,239286
Operating income (loss):3,0146,0593,0504,078364190(10,354)
Nonoperating income
(Other Nonoperating income)
     119297
Interest and debt expense (30) (8)(33)(182)(349)
Income (loss) from continuing operations before equity method investments, income taxes:3,0146,0293,0504,070331127(10,406)
Other undisclosed loss from continuing operations before income taxes(22)(15)(64)(49)(1,000)(92) 
Income (loss) from continuing operations before income taxes:2,9926,0142,9864,021(669)35(10,406)
Income tax expense (benefit)613,644913(270)420(21)(15)
Net income (loss) available to common stockholders, diluted:3,0539,6583,8993,751(249)14(10,421)

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):3,0539,6583,8993,751(249)14(10,421)
Comprehensive income (loss):3,0539,6583,8993,751(249)14(10,421)
Other undisclosed comprehensive loss, net of tax, attributable to parent   (2)(4)(17)(20)
Comprehensive income (loss), net of tax, attributable to parent:3,0539,6583,8993,749(253)(3)(10,441)

Statements Sources

The financial statements are based on the Company's filings with 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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