Hall of Fame Resort & Entertainment Company (HOFV) financial statements (2022 and earlier)
Company profile
| Business Address |
2626 FULTON DRIVE NW CANTON, OH 44718 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 799 - Miscellaneous Amusement And Recreation (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 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 10,283 | 7,146 | 2 | 90 | 3 | ||
| Cash and cash equivalents | 10,283 | 7,146 | 2 | 90 | 3 | ||
| Restricted cash and investments | 7,105 | ||||||
| Receivables | 2,367 | ||||||
| Inventory, net of allowances, customer advances and progress billings | (3,537) | ||||||
| Inventory | (3,537) | ||||||
| Prepaid expense | 999 | 19 | 7 | ||||
| Deferred costs | 26,200 | 332 | |||||
| Other undisclosed current assets | 3 | ||||||
| Total current assets: | 17,217 | 33,346 | 24 | 96 | 335 | ||
| Noncurrent Assets | |||||||
| Property, plant and equipment | 180,461 | 154,356 | |||||
| Other undisclosed noncurrent assets | 117,285 | 128,397 | |||||
| Total noncurrent assets: | 180,461 | 154,356 | 117,285 | 128,397 | |||
| Other undisclosed assets | 139,611 | 123,143 | |||||
| TOTAL ASSETS: | 337,288 | 310,844 | 117,309 | 128,493 | 335 | ||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities, including: | 12,121 | 20,538 | 533 | 594 | 257 | ||
| Accounts payable | 533 | 309 | 2 | ||||
| Accrued liabilities | 255 | ||||||
| Taxes payable | 285 | ||||||
| Other undisclosed accounts payable and accrued liabilities | 12,121 | 20,538 | |||||
| Derivative instruments and hedges, liabilities | 19,112 | ||||||
| Due to related parties | 1,819 | 55 | |||||
| Total current liabilities: | 13,940 | 39,650 | 533 | 594 | 312 | ||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 500 | ||||||
| Long-term debt, excluding current maturities | 500 | ||||||
| Liabilities, other than long-term debt | 30,040 | 27 | |||||
| Other liabilities | 27 | ||||||
| Derivative instruments and hedges, liabilities | 30,040 | ||||||
| Other undisclosed noncurrent liabilities | 7,467 | 4,448 | |||||
| Total noncurrent liabilities: | 30,540 | 27 | 7,467 | 4,448 | |||
| Other undisclosed liabilities | 88,230 | 106,085 | |||||
| Total liabilities: | 132,710 | 145,763 | 8,000 | 5,042 | 312 | ||
| Temporary equity, carrying amount | 104,309 | 118,451 | |||||
| Stockholders' equity | |||||||
| Stockholders' equity attributable to parent, including: | 205,175 | 165,278 | 5,000 | 5,000 | 23 | ||
| Common stock | 10 | 6 | |||||
| Additional paid in capital | 305,117 | 172,113 | 3,100 | 3,921 | 25 | ||
| Retained earnings (accumulated deficit) | (99,952) | (6,841) | 1,899 | 1,079 | (2) | ||
| Other undisclosed stockholders' equity attributable to parent | 0 | 0 | 0 | 0 | |||
| Stockholders' equity attributable to noncontrolling interest | (597) | (197) | |||||
| Total stockholders' equity: | 204,578 | 165,082 | 5,000 | 5,000 | 23 | ||
| TOTAL LIABILITIES AND EQUITY: | 337,288 | 310,844 | 117,309 | 128,493 | 335 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|
| Revenues | 10,770 | 7,099 | ||||
| Gross profit: | 10,770 | 7,099 | ||||
| Operating expenses | (47,157) | (39,809) | (1,416) | (781) | ||
| Operating loss: | (36,387) | (32,709) | (1,416) | (781) | ||
| Nonoperating income (expense) | (56,427) | (12,976) | 2,661 | 2,147 | ||
| Investment income, nonoperating | (5,160) | (10,571) | 2,651 | 2,133 | ||
| Interest and debt expense | (3,581) | (4,282) | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (96,394) | (49,967) | 1,245 | 1,366 | ||
| Other undisclosed income from continuing operations before income taxes | 4,282 | |||||
| Income (loss) from continuing operations before income taxes: | (96,394) | (45,685) | 1,245 | 1,366 | ||
| Income tax expense | (424) | (285) | ||||
| Income (loss) before gain (loss) on sale of properties: | (96,394) | (45,685) | 820 | 1,081 | ||
| Other undisclosed net income | 3,581 | |||||
| Net income (loss): | (92,814) | (45,685) | 820 | 1,081 | ||
| Net income attributable to noncontrolling interest | 400 | 197 | ||||
| Other undisclosed net loss attributable to parent | (197) | |||||
| Net income (loss) attributable to parent: | (92,413) | (45,685) | 820 | 1,081 | ||
| Preferred stock dividends and other adjustments | (1,855) | (1,571) | ||||
| Other undisclosed net income available to common stockholders, basic | 197 | |||||
| Net loss available to common stockholders, diluted: | (92,413) | (45,489) | (1,034) | (490) | ||
Comprehensive Income ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|
| Net income (loss): | (92,814) | (45,685) | 820 | 1,081 | ||
| Comprehensive income (loss): | (92,814) | (45,685) | 820 | 1,081 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 400 | 197 | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (92,413) | (45,489) | 820 | 1,081 | ||
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.