Remark Holdings, Inc. (MARK) financial statements (2022 and earlier)

Company profile

Business Address 800 S COMMERCE ST
LAS VEGAS, NV 89106
State of Incorp. DE
Fiscal Year End December 31
SIC 4899 - Communications Services, Not Elsewhere Classified (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
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments56,53685427214,41022,6326,8935,422
Cash and cash equivalents14,18785427214,41022,6326,8935,422
Short-term investments42,349      
Restricted cash and investments   11,13811,6709,4059,416
Receivables14,2565,0355,67611,6013,9631,553918
Inventory, net of allowances, customer advances and progress billings1,346874 587234314526
Inventory1,346874 587234314526
Prepaid expense1,5581,8776332,7472,0362,1601,675
Deposits current assets221      
Other current assets5951082712421,288712247
Other undisclosed current assets 5073,4201,960137189
Total current assets:74,5128,7986,85944,14543,78321,17418,393
Noncurrent Assets
Operating lease, right-of-use asset1944924,359
Property, plant and equipment35732134110,57013,38715,5317,425
Long-term investments and receivables 1,0301,9352,0051,1301,2201,401
Long-term investments 1,0301,9352,0051,0301,0301,030
Accounts and financing receivable, after allowance for credit loss    100190371
Intangible assets, net (including goodwill)  50936,44444,04564,16965,117
Goodwill   18,51420,09926,76320,337
Intangible assets, net (excluding goodwill)  50917,93023,94637,40644,780
Restricted cash and investments     2,2502,250
Other noncurrent assets440670824    
Other undisclosed noncurrent assets   6441,1921,355 
Total noncurrent assets:9912,5137,96849,66359,75484,52576,193
TOTAL ASSETS:75,50311,31114,82793,808103,537105,69994,586
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities16,05715,24922,45255,54034,53631,51326,249
Accounts payable10,0948,5898,12630,87617,85716,54614,422
Accrued liabilities5,9636,66014,32624,66416,67914,96711,827
Deferred revenue576310313
Debt27,8111,50015,02535,31438,085179305
Deferred revenue and credits14,83411,06310,259
Contract with customer, liability4,063
Other undisclosed current liabilities   7,6643,000100 
Total current liabilities:44,44417,05937,790102,58190,45542,85536,813
Noncurrent Liabilities
Long-term debt and lease obligation251,6194,650  37,82523,616
Long-term debt, excluding current maturities 1,425   37,82523,616
Operating lease, liability251944,650
Liabilities, other than long-term debt 1,7251154,35192,67027,61922,099
Other liabilities   2,9683,5012,5892,904
Derivative instruments and hedges, liabilities 1,7251151,38389,16925,03019,195
Other undisclosed noncurrent liabilities(25)      
Total noncurrent liabilities:253,3444,7654,35192,67065,44445,715
Total liabilities:44,46920,40342,555106,932183,125108,29982,528
Stockholders' equity
Stockholders' equity attributable to parent31,034(9,092)(27,728)(13,124)(79,588)(2,600)12,058
Common stock1051005139282220
Additional paid in capital364,239351,546319,275308,018220,117190,507173,477
Accumulated other comprehensive income (loss)(270)(226)(227)32115(16)(5)
Accumulated deficit(333,040)(360,512)(346,827)(321,213)(299,848)(193,113)(161,434)
Total stockholders' equity:31,034(9,092)(27,728)(13,124)(79,588)(2,600)12,058
TOTAL LIABILITIES AND EQUITY:75,50311,31114,82793,808103,537105,69994,586

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues15,99010,1455,02079,11070,60159,32814,229
Revenue, net70,60159,32814,229
Cost of revenue(11,455)(9,766)(3,514)(24,628)(16,909)(11,155)(1,864)
Cost of goods and services sold (6,422)     
Gross profit:4,5353791,50654,48253,69248,17312,365
Operating expenses(19,974)(14,624)(23,278)(123,863)(107,980)(81,925)(34,942)
Other undisclosed operating income (loss)1,530 (982)24,62816,90911,155 
Operating loss:(13,909)(14,245)(22,754)(44,753)(37,379)(22,597)(22,577)
Nonoperating income (expense)41,390560(250)22,528(69,078)(8,336)(8,870)
Investment income, nonoperating43,642     8
Other nonoperating income (expense)(592) 5302822329(50)
Interest and debt expense425(1,342)(1,876)(6,491)(4,645)(9,157)(1,927)
Income (loss) from continuing operations before equity method investments, income taxes:27,906(15,027)(24,880)(28,716)(111,102)(40,090)(33,374)
Other undisclosed income (loss) from continuing operations before income taxes(425)1,3421,8766,4914,6459,1571,927
Income (loss) from continuing operations before income taxes:27,481(13,685)(23,004)(22,225)(106,457)(30,933)(31,447)
Income tax expense (benefit)(9)  667(278)(746) 
Net income (loss):27,472(13,685)(23,004)(21,558)(106,735)(31,679)(31,447)
Other undisclosed net loss attributable to parent  (2,610)    
Net income (loss) available to common stockholders, diluted:27,472(13,685)(25,614)(21,558)(106,735)(31,679)(31,447)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):27,472(13,685)(23,004)(21,558)(106,735)(31,679)(31,447)
Comprehensive income (loss):27,472(13,685)(23,004)(21,558)(106,735)(31,679)(31,447)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(44)1(2,869)(83)131  
Comprehensive income (loss), net of tax, attributable to parent:27,428(13,684)(25,873)(21,641)(106,604)(31,679)(31,447)

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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