Medallion Financial Corp. (MFIN) financial statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments64551858
Cash and cash equivalents64551858
Total current assets:64551858
Noncurrent Assets
Operating lease, right-of-use asset101213
Long-term investments and receivables101010 
Long-term investments101010 
Intangible assets, net (including goodwill)17420220354
Goodwill151151151 
Intangible assets, net (excluding goodwill)23515354
Total noncurrent assets:19422322754
Other undisclosed assets1,6151,3641,2971,270
TOTAL ASSETS:1,8731,6421,5421,382
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 8740 
Total current liabilities: 8740 
Noncurrent Liabilities
Long-term debt and lease obligation91113 
Operating lease, liability91113
Liabilities, other than long-term debt1819 
Deferred income tax liabilities1819
Total noncurrent liabilities:271222 
Other undisclosed liabilities1,4901,2391,145 
Total liabilities:1,5171,3381,207 
Stockholders' equity
Stockholders' equity attributable to parent287231263 
Common stock000 
Treasury stock, value(25)(25)(25) 
Additional paid in capital280278276 
Accumulated other comprehensive income121 
Retained earnings (accumulated deficit)31(24)11 
Stockholders' equity attributable to noncontrolling interest697371 
Other undisclosed stockholders' equity   290
Total stockholders' equity:356305334290
TOTAL LIABILITIES AND EQUITY:1,8731,6421,542290

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues158 133103
Net investment income158(6)13398
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(5)(70)(47)(59)
Gross profit:153(70)8544
Operating expenses(5)  (18)
Operating income (loss):148(70)8526
Nonoperating income
(Investment Income, Nonoperating)
17  25
Interest and debt expense(27) (31)(28)
Income (loss) from continuing operations before equity method investments, income taxes:139(70)5423
Other undisclosed income (loss) from continuing operations before income taxes(57)33(52)(34)
Income (loss) from continuing operations before income taxes:82(37)2(11)
Income tax expense (benefit)(24)10(0)0
Income (loss) before gain (loss) on sale of properties:58(27)2(11)
Other undisclosed net loss   (12)
Net income (loss):58(27)2(23)
Net loss attributable to noncontrolling interest(4)  (2)
Net income (loss) available to common stockholders, diluted:54(27)2(25)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):58(27)2(23)
Other comprehensive income (loss)(1)11(0)
Comprehensive income (loss):57(26)3(23)
Comprehensive loss, net of tax, attributable to noncontrolling interest(4)(8)(4)(2)
Comprehensive income (loss), net of tax, attributable to parent:53(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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