Hall of Fame Resort & Entertainment Company (HOFV) Financial Statements (2024 and earlier)

Company Profile

Business Address 2626 FULTON DRIVE NW
CANTON, OH 44718
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 799 - Miscellaneous Amusement And Recreation (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments43,05010,2837,1462903
Cash and cash equivalents26,01710,2837,1462903
Short-term investments 17,034     
Restricted cash and investments 7,5007,105    
Receivables 1,8112,367    
Inventory, net of allowances, customer advances and progress billings (3,511)(3,537)    
Inventory (3,511)(3,537)    
Prepaid expense  999 197 
Deferred costs   26,200  332
Other undisclosed current assets    3  
Total current assets:48,85017,21733,3462496335
Noncurrent Assets
Operating lease, right-of-use asset7,562   
Property, plant and equipment248,827180,461154,356   
Intangible assets, net (including goodwill) 9,750     
Intangible assets, net (excluding goodwill) 9,750     
Restricted cash and investments 4,500     
Other undisclosed noncurrent assets    117,285128,397 
Total noncurrent assets:270,639180,461154,356117,285128,397 
Other undisclosed assets136,808139,611123,143   
TOTAL ASSETS:456,297337,288310,844117,309128,493335
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 17,57612,12120,538533594257
Taxes payable   285 
Accounts payable    5333092
Accrued liabilities      255
Other undisclosed accounts payable and accrued liabilities 17,57612,12120,538   
Debt63,215     
Derivative instruments and hedges, liabilities   19,112   
Due to related parties 1,819   55
Total current liabilities:80,79113,94039,650533594312
Noncurrent Liabilities
Long-term debt and lease obligation  500    
Long-term debt, excluding current maturities  500    
Liabilities, other than long-term debt 3,61330,04027   
Other liabilities   27   
Operating lease, liability 3,413   
Derivative instruments and hedges, liabilities 20030,040    
Other undisclosed noncurrent liabilities    7,4674,448 
Total noncurrent liabilities: 3,61330,540277,4674,448 
Other undisclosed liabilities180,63588,230106,085   
Total liabilities:265,039132,710145,7638,0005,042312
Temporary equity, carrying amount 0  104,309118,451 
Equity
Equity, attributable to parent, including:192,141205,175165,2785,0005,00023
Common stock1106   
Additional paid in capital339,038305,117172,1133,1003,92125
Retained earnings (accumulated deficit)(146,898)(99,952)(6,841)1,8991,079(2)
Receivable from shareholders or affiliates for issuance of capital stock (6,635)     
Other undisclosed equity, attributable to parent6,6350 000
Equity, attributable to noncontrolling interest(883)(597)(197)   
Total equity:191,258204,578165,0825,0005,00023
Other undisclosed liabilities and equity (0)     
TOTAL LIABILITIES AND EQUITY:456,297337,288310,844117,309128,493335

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues15,97910,7707,099   
Cost of revenue
(Financing Interest Expense)
      
Other undisclosed gross profit      
Gross profit:15,97910,7707,099   
Operating expenses(53,970)(47,157)(39,809)(1,416)(781) 
Other undisclosed operating income      
Operating loss:(37,990)(36,387)(32,709)(1,416)(781) 
Nonoperating income (expense)(8,178)(56,427)(12,976)2,6612,147 
Investment income, nonoperating(6,451)(5,160)(10,571)2,6512,133 
Interest and debt expense(5,377)(3,581)(4,282)   
Income (loss) from continuing operations before equity method investments, income taxes:(51,545)(96,394)(49,967)1,2451,366 
Other undisclosed income from continuing operations before income taxes   4,282   
Income (loss) from continuing operations before income taxes:(51,545)(96,394)(45,685)1,2451,366 
Income tax expense    (424)(285) 
Income (loss) from continuing operations:(51,545)(96,394)(45,685)8201,081 
Income (loss) before gain (loss) on sale of properties:(96,394)(45,685)8201,081 
Other undisclosed net income5,3773,581    
Net income (loss):(46,168)(92,814)(45,685)8201,081 
Net income attributable to noncontrolling interest286400197   
Other undisclosed net income (loss) attributable to parent  (197)   
Net income (loss) attributable to parent:(45,883)(92,413)(45,685)8201,081 
Preferred stock dividends and other adjustments    (1,855)(1,571) 
Other undisclosed net income (loss) available to common stockholders, basic  197   
Net loss available to common stockholders, diluted:(45,883)(92,413)(45,489)(1,034)(490) 

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(46,168)(92,814)(45,685)8201,081 
Comprehensive income (loss):(46,168)(92,814)(45,685)8201,081 
Comprehensive income, net of tax, attributable to noncontrolling interest286400197   
Comprehensive income (loss), net of tax, attributable to parent:(45,883)(92,413)(45,489)8201,081 

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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