Heritage Global Inc (HGBL) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3423343
Cash and cash equivalents3423343
Receivables3001132
Inventory, net of allowances, customer advances and progress billings0200001
Inventory0200001
Deposits current assets    000
Other undisclosed current assets1100012
Total current assets:7834487
Noncurrent Assets
Operating lease, right-of-use asset1
Inventory, real estate    47
Property, plant and equipment0000000
Long-term investments and receivables43  011
Long-term investments33  011
Accounts and financing receivable, after allowance for credit loss1      
Intangible assets, net (including goodwill)77810111710
Goodwill6666695
Intangible assets, net (excluding goodwill)1114485
Other noncurrent assets00000  
Other undisclosed noncurrent assets322  031
Total noncurrent assets:15131011152443
TOTAL ASSETS:22211315193250
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:8857777
Accrued liabilities001011 
Employee-related liabilities2211111
Taxes payable0001111
Interest and dividends payable 00 0  
Other undisclosed accounts payable and accrued liabilities5535455
Debt110 244
Due to related parties  01 33
Business combination, contingent consideration, liability  3111
Customer advances and deposits   1
Other liabilities01000  
Other undisclosed current liabilities     (3) 
Total current liabilities:9109991113
Noncurrent Liabilities
Long-term debt and lease obligation101 33 
Long-term debt, excluding current maturities001 33 
Operating lease, liability1
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
Total noncurrent liabilities:131367 
Other undisclosed liabilities      (3)
Total liabilities:10131012151810
Stockholders' equity
Stockholders' equity attributable to parent1283331339
Preferred stock0000000
Common stock0000000
Additional paid in capital285285284284284284283
Accumulated other comprehensive loss(0)(0)(0)(0)(0)(0)(0)
Accumulated deficit(273)(277)(281)(281)(281)(270)(244)
Total stockholders' equity:1283331339
TOTAL LIABILITIES AND EQUITY:22211315193250

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2624202417149
Revenue, net202417148
Cost of revenue(8)(4)(3)(4)(9)(5)(13)
Cost of goods and services sold  (3)(4)(9)(5)(0)
Gross profit:18201720810(4)
Operating expenses(17)(16)(20)(24)(19)(12)(0)
Other undisclosed operating income1 34001
Operating income (loss):3400(10)(2)(3)
Nonoperating income (expense)   000(1)
Investment income, nonoperating     1 
Other nonoperating income   00  
Interest and debt expense (0)(0)(0)(0)(1)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes      1
Income (loss) from continuing operations before equity method investments, income taxes:3400(10)(2)(3)
Other undisclosed income (loss) from continuing operations before income taxes(0)(0)(1)(0) 1 
Income (loss) from continuing operations before income taxes:34(1)0(10)(2)(3)
Income tax expense (benefit)1(0)0(0)(0)(25)(3)
Net income (loss):44(0)0(10)(27)(7)
Other undisclosed net income attributable to parent      0
Net income (loss) available to common stockholders, diluted:44(0)0(10)(27)(6)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):44(0)0(10)(27)(7)
Comprehensive income (loss):44(0)0(10)(27)(7)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (0)(0)(0)(0)00
Comprehensive income (loss), net of tax, attributable to parent:44(0)(0)(10)(27)(6)

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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