Medallion Financial Corp. (MFIN) financial statements (2021 and earlier)

Company profile

Business Address 437 MADISON AVE 38 TH FLOOR
NEW YORK, NY 10022
State of Incorp. DE
Fiscal Year End December 31
SIC 6199 - Finance Services (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments551858
Cash and cash equivalents551858
Total current assets:551858
Noncurrent Assets
Operating lease, right-of-use asset1213
Long-term investments and receivables1010 
Long-term investments1010 
Intangible assets, net (including goodwill)20220354
Goodwill151151 
Intangible assets, net (excluding goodwill)515354
Total noncurrent assets:22322754
Other undisclosed assets1,3641,2971,270
TOTAL ASSETS:1,6421,5421,382
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt8740 
Total current liabilities:8740 
Noncurrent Liabilities
Long-term debt and lease obligation1113 
Operating lease, liability1113
Liabilities, other than long-term debt19 
Deferred income tax liabilities19
Total noncurrent liabilities:1222 
Other undisclosed liabilities1,2391,145 
Total liabilities:1,3381,207 
Stockholders' equity
Stockholders' equity attributable to parent231263 
Common stock00 
Treasury stock, value(25)(25) 
Additional paid in capital278276 
Accumulated other comprehensive income21 
Retained earnings (accumulated deficit)(24)11 
Stockholders' equity attributable to noncontrolling interest7371 
Other undisclosed stockholders' equity  290
Total stockholders' equity:305334290
TOTAL LIABILITIES AND EQUITY:1,6421,542290

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

12/31/2020
12/31/2019
12/31/2018
Revenues 133103
Net investment income(6)13398
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(70)(47)(59)
Gross profit:(70)8544
Operating expenses  (18)
Operating income (loss):(70)8526
Nonoperating income
(Investment Income, Nonoperating)
  25
Interest and debt expense (31)(28)
Income (loss) from continuing operations before equity method investments, income taxes:(70)5423
Other undisclosed income (loss) from continuing operations before income taxes33(52)(34)
Income (loss) from continuing operations before income taxes:(37)2(11)
Income tax expense (benefit)10(0)0
Income (loss) before gain (loss) on sale of properties:(27)2(11)
Other undisclosed net loss  (12)
Net income (loss):(27)2(23)
Net loss attributable to noncontrolling interest  (2)
Net income (loss) available to common stockholders, diluted:(27)2(25)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
Net income (loss):(27)2(23)
Other comprehensive income (loss)11(0)
Comprehensive income (loss):(26)3(23)
Comprehensive loss, net of tax, attributable to noncontrolling interest(8)(4)(2)
Comprehensive loss, net of tax, attributable to parent:(34)(1)(25)

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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