Inspired Entertainment, Inc. (INSE) Financial Statements (2023 and Earlier)

Company Profile

Business Address 250 WEST 57TH STREET, SUITE 415
NEW YORK,, NY 10107
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (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
9/30/2018
9/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments47,80047,10029,10022,45120,028
Cash and cash equivalents47,80047,10029,10022,45120,028
Receivables49,10027,50024,20014,30220,469
Inventory, net of allowances, customer advances and progress billings16,90017,60018,8005,2105,011
Inventory16,90017,60018,8005,2105,011
Derivative instruments and hedges, assets   747 
Other undisclosed current assets12,60016,80023,20015,84217,692
Total current assets:126,400109,00095,30058,55263,200
Noncurrent Assets
Finance lease, right-of-use asset  4,100
Operating lease, right-of-use asset10,10012,5009,400
Property, plant and equipment50,90065,50079,30045,70743,485
Long-term investments and receivables  2,200  
Long-term investments  700  
Accounts and financing receivable, after allowance for credit loss  1,500  
Intangible assets, net (including goodwill)120,50091,400100,70051,54156,316
Goodwill82,70083,70080,90045,81847,076
Intangible assets, net (excluding goodwill)37,8007,70019,8005,7239,240
Other noncurrent assets7,100  12,1149,589
Other undisclosed noncurrent assets16,70045,70036,40039,99846,433
Total noncurrent assets:205,300215,100232,100149,360155,823
TOTAL ASSETS:331,700324,100327,400207,912219,023
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities65,70063,70060,00030,80141,660
Accounts payable20,80017,90022,20014,40020,407
Accrued liabilities32,60031,40031,20014,35418,119
Taxes payable12,30014,4006,6002,0473,134
Deferred revenue7,70011,50010,100
Debt9006002,7004747,931
Deferred revenue and credits7,209
Other liabilities3,9002,5001,9003,8514,420
Other undisclosed current liabilities3,30016,60013,40017,215 
Total current liabilities:81,50094,90088,10052,34161,220
Noncurrent Liabilities
Long-term debt and lease obligation, including:318,300306,900275,700131,294123,859
Long-term debt, excluding current maturities309,000297,500270,500131,225115,396
Finance lease, liability1,900200 
Capital lease obligations69532
Operating lease, liability7,4009,2005,200
Other undisclosed long-term debt and lease obligation    7,931
Liabilities, other than long-term debt9,90024,00022,9007,54130,899
Deferred revenue and credits20,144
Deferred revenue6,80011,40017,700
Liability, pension and other postretirement and postemployment benefits   (5,257)3,423
Other liabilities3,10010,9005,2005,0346,368
Derivative instruments and hedges, liabilities 1,700 7,764964
Other undisclosed noncurrent liabilities   29,2035,374
Total noncurrent liabilities:328,200330,900298,600168,038160,132
Total liabilities:409,700425,800386,700220,379221,352
Stockholders' equity
Stockholders' equity attributable to parent(78,000)(101,700)(59,300)(12,467)(2,329)
Common stock   22
Additional paid in capital372,300324,600320,600328,452323,429
Accumulated other comprehensive income43,80031,10045,10058,58053,145
Accumulated deficit(494,100)(457,400)(425,000)(399,501)(378,905)
Total stockholders' equity:(78,000)(101,700)(59,300)(12,467)(2,329)
TOTAL LIABILITIES AND EQUITY:331,700324,100327,400207,912219,023

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

12/31/2021
12/31/2020
12/31/2019
9/30/2018
9/30/2017
Revenues208,900199,800153,400141,38145,050
Revenue, net122,544
Cost of revenue
(Cost of Goods and Services Sold)
(34,300)(30,100)(23,500) (26,684)
Gross profit:174,600169,700129,900141,38118,366
Operating expenses(48,600)(148,900)(121,300)(110,489)(103,522)
Other undisclosed operating income (loss)(126,600)(14,400)(21,600)(38,204)73,259
Operating income (loss):(600)6,400(13,000)(7,312)(11,897)
Nonoperating expense(37,700)(38,400)(28,000)(13,102)(37,033)
Other nonoperating income (expense)5,700(4,700)3,2004,134(218)
Interest and debt expense(44,300)(30,600)(27,800)(20,648)(29,358)
Loss from continuing operations before equity method investments, income taxes:(82,600)(62,600)(68,800)(41,062)(78,288)
Other undisclosed income from continuing operations before income taxes44,30030,60027,80020,64829,358
Loss from continuing operations before income taxes:(38,300)(32,000)(41,000)(20,414)(48,930)
Income tax expense (benefit)1,600(400)100(182)(184)
Net loss:(36,700)(32,400)(40,900)(20,596)(49,114)
Other undisclosed net loss attributable to parent  (200)  
Net loss available to common stockholders, diluted:(36,700)(32,400)(41,100)(20,596)(49,114)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
9/30/2018
9/30/2017
Net loss:(36,700)(32,400)(40,900)(20,596)(49,114)
Other comprehensive income (loss)12,700(14,000)(10,800)5,43520,040
Comprehensive loss:(24,000)(46,400)(51,700)(15,161)(29,074)
Other undisclosed comprehensive loss, net of tax, attributable to parent  (200)  
Comprehensive loss, net of tax, attributable to parent:(24,000)(46,400)(51,900)(15,161)(29,074)

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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