Heritage Global Inc (HGBL) financial statements (2021 and earlier)

Company profile

Business Address 12625 HIGH BLUFF DRIVE
SAN DIEGO, CA 92130
State of Incorp. FL
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (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
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments23342334
Cash and cash equivalents23342334
Receivables3300113
Inventory, net of allowances, customer advances and progress billings0020000
Inventory0020000
Deposits current assets     00
Other undisclosed current assets0110001
Total current assets:27783448
Noncurrent Assets
Operating lease, right-of-use asset11
Inventory, real estate     47
Property, plant and equipment0000000
Long-term investments and receivables343  01
Long-term investments233  01
Accounts and financing receivable, after allowance for credit loss11     
Intangible assets, net (including goodwill)6778101117
Goodwill6666669
Intangible assets, net (excluding goodwill)1111448
Deferred income tax assets4 
Other noncurrent assets000000 
Other undisclosed noncurrent assets2322  0
Total noncurrent assets:18151310111524
TOTAL ASSETS:45222113151932
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:14885777
Accrued liabilities1001011
Employee-related liabilities2221111
Taxes payable1000111
Interest and dividends payable  00 0 
Other undisclosed accounts payable and accrued liabilities10553545
Debt 110 24
Due to related parties   01 3
Business combination, contingent consideration, liability   3111
Customer advances and deposits   1
Other liabilities 01000 
Other undisclosed current liabilities0     (3)
Total current liabilities:1491099911
Noncurrent Liabilities
Long-term debt and lease obligation1101 33
Long-term debt, excluding current maturities 001 33
Operating lease, liability11
Liabilities, other than long-term debt  21344
Deferred tax liabilities, net11111
Due to related parties    0  
Other liabilities  2    
Business combination, contingent consideration, liability    233
Other undisclosed noncurrent liabilities(1)      
Total noncurrent liabilities:1131367
Total liabilities:15101310121518
Stockholders' equity
Stockholders' equity attributable to parent3012833313
Preferred stock0000000
Common stock0000000
Additional paid in capital293285285284284284284
Accumulated other comprehensive loss (0)(0)(0)(0)(0)(0)
Accumulated deficit(264)(273)(277)(281)(281)(281)(270)
Total stockholders' equity:3012833313
TOTAL LIABILITIES AND EQUITY:45222113151932

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues26262420241714
Revenue, net20241714
Cost of revenue(9)(8)(4)(3)(4)(9)(5)
Cost of goods and services sold   (3)(4)(9)(5)
Gross profit:1718201720810
Operating expenses(15)(17)(16)(20)(24)(19)(12)
Other undisclosed operating income41 3400
Operating income (loss):63400(10)(2)
Nonoperating income    000
Investment income, nonoperating      1
Other nonoperating income    00 
Interest and debt expense(0) (0)(0)(0)(0)(1)
Income (loss) from continuing operations before equity method investments, income taxes:63400(10)(2)
Other undisclosed income (loss) from continuing operations before income taxes(0)(0)(0)(1)(0) 1
Income (loss) from continuing operations before income taxes:634(1)0(10)(2)
Income tax expense (benefit)41(0)0(0)(0)(25)
Net income (loss) available to common stockholders, diluted:1044(0)0(10)(27)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):1044(0)0(10)(27)
Comprehensive income (loss):1044(0)0(10)(27)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (0)(0)(0)(0)0
Comprehensive income (loss), net of tax, attributable to parent:1044(0)(0)(10)(27)

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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