Legacy Acquisition Corp. (LGC) financial statements (2021 and earlier)

Company profile

Business Address 1308 RACE STREET, SUITE 200
CINCINNATI, OH 45202
State of Incorp. DE
Fiscal Year End December 31
SIC 7311 - Advertising Agencies (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments22112
Cash and cash equivalents22112
Receivables2   
Inventory, net of allowances, customer advances and progress billings5   
Inventory5   
Other undisclosed current assets6000
Total current assets:35112
Noncurrent Assets
Property, plant and equipment11   
Intangible assets, net (including goodwill)0   
Intangible assets, net (excluding goodwill)0   
Assets held-in-trust 303304300
Deferred income tax assets1 
Other noncurrent assets0   
Total noncurrent assets:13303304300
TOTAL ASSETS:48303305302
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities41210
Accounts payable36000
Accrued liabilities5200
Taxes payable 000
Debt0   
Due to related parties 2  
Other liabilities4   
Other undisclosed current liabilities16   
Total current liabilities:61410
Noncurrent Liabilities
Liabilities, other than long-term debt 111111
Deferred compensation liability, classified 111111
Total noncurrent liabilities: 111111
Total liabilities:61151111
Temporary equity, carrying amount 283289286
Stockholders' equity
Stockholders' equity attributable to parent, including:(13)555
Additional paid in capital 125
Retained earnings (accumulated deficit)(13)43(0)
Other undisclosed stockholders' equity attributable to parent0000
Total stockholders' equity:(13)555
TOTAL LIABILITIES AND EQUITY:48303305302

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues401   
Cost of revenue
(Cost of Goods and Services Sold)
(315)   
Gross profit:86   
Operating expenses(84)(4)(2)(0)
Other undisclosed operating income   17
Operating income (loss):1(4)(2)(0)
Interest and debt expense(0)   
Other undisclosed income from continuing operations before equity method investments, income taxes 6  
Income (loss) from continuing operations before equity method investments, income taxes:13(2)(0)
Other undisclosed income from continuing operations before income taxes  60
Income from continuing operations before income taxes:1340
Income tax expense (benefit)1(1)(1)(0)
Net income attributable to parent:2130
Preferred stock dividends and other adjustments(30)   
Other undisclosed net income available to common stockholders, basic15   
Net income (loss) available to common stockholders, diluted:(13)130

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:2130
Other comprehensive loss  (0) 
Comprehensive income, net of tax, attributable to parent:2130

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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