Medallion Financial Corp. (MFIN) financial statements (2020 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)

12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1858
Cash and cash equivalents1858
Total current assets:1858
Noncurrent Assets
Operating lease, right-of-use asset13
Long-term investments and receivables10 
Long-term investments10 
Intangible assets, net (including goodwill)20354
Goodwill151 
Intangible assets, net (excluding goodwill)5354
Total noncurrent assets:22754
Other undisclosed assets1,2971,270
TOTAL ASSETS:1,5421,382
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt40 
Total current liabilities:40 
Noncurrent Liabilities
Long-term debt and lease obligation13 
Operating lease, liability13
Liabilities, other than long-term debt9 
Deferred income tax liabilities9
Total noncurrent liabilities:22 
Other undisclosed liabilities1,145 
Total liabilities:1,207 
Stockholders' equity
Stockholders' equity attributable to parent263 
Common stock0 
Treasury stock, value(25) 
Additional paid in capital276 
Accumulated other comprehensive income1 
Retained earnings11 
Stockholders' equity attributable to noncontrolling interest71 
Other undisclosed stockholders' equity 290
Total stockholders' equity:334290
TOTAL LIABILITIES AND EQUITY:1,542290

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

12/31/2019
12/31/2018
Revenues133103
Net investment income13398
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(47)(59)
Gross profit:8544
Operating expenses (18)
Operating income:8526
Nonoperating income
(Investment Income, Nonoperating)
 25
Interest and debt expense(31)(28)
Income from continuing operations before equity method investments, income taxes:5423
Other undisclosed loss from continuing operations before income taxes(52)(34)
Income (loss) from continuing operations before income taxes:2(11)
Income tax expense (benefit)(0)0
Income (loss) before gain (loss) on sale of properties:2(11)
Other undisclosed net loss (12)
Net income (loss):2(23)
Net loss attributable to noncontrolling interest (2)
Net income (loss) available to common stockholders, diluted:2(25)

Comprehensive Income ($ in millions)

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