Morgans Hotel Group Co (MHGC) financial statements (2022 and earlier)

Company profile

Business Address 475 TENTH AVENUE
NEW YORK, NY 10018
State of Incorp. DE
Fiscal Year End December 31
SIC 7011 - Hotels and Motels (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments45,92513,49310,0255,847
Cash and cash equivalents45,92513,49310,0255,847
Total current assets:45,92513,49310,0255,847
Noncurrent Assets
Property, plant and equipment265,678277,825292,629303,689
Long-term investments and receivables10010,49210,49211,178
Long-term investments10010,49210,49211,178
Intangible assets, net (including goodwill)54,05754,05766,57266,572
Goodwill54,05754,05766,57266,572
Total noncurrent assets:319,835342,374369,693381,439
Other undisclosed assets196,018195,377191,489203,869
TOTAL ASSETS:561,778551,244571,207591,155
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt117,378125,398  
Deferred revenue and credits117,378125,398  
Total noncurrent liabilities:117,378125,398  
Other undisclosed liabilities653,838653,261749,688728,472
Total liabilities:771,216778,659749,688728,472
Temporary equity, carrying amount 5,0424,9536,053
Stockholders' equity
Stockholders' equity attributable to parent(210,035)(233,006)(183,924)(149,436)
Preferred stock71,02566,72462,00457,755
Common stock363363363363
Treasury stock, value(17,257)(23,279)(37,086)(58,917)
Additional paid in capital236,730241,001252,810265,014
Accumulated other comprehensive loss(1,131)(254)(10)(50)
Accumulated deficit(499,765)(517,561)(462,005)(413,601)
Stockholders' equity attributable to noncontrolling interest5975494906,066
Total stockholders' equity:(209,438)(232,457)(183,434)(143,370)
TOTAL LIABILITIES AND EQUITY:561,778551,244571,207591,155

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
219,982234,961236,486189,919
Cost of revenue(177,170)(173,289)(166,135)(144,535)
Cost of goods and services sold(154,442)(159,364)(162,929)(135,453)
Gross profit:42,81261,67270,35145,384
Operating expenses(30,942)(60,220)(72,261)(59,746)
Operating income (loss):11,8701,452(1,910)(14,362)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1,990(3,735)(2,726)(3,908)
Interest and debt expense(48,074)(63,168)(47,390)(40,498)
Loss from continuing operations before equity method investments, income taxes:(34,214)(65,451)(52,026)(58,768)
Income (loss) from equity method investments 9(828)(6,436)
Other undisclosed income from continuing operations before income taxes6,07016,8809,4209,489
Loss from continuing operations before income taxes:(28,144)(48,562)(43,434)(55,715)
Income tax expense (benefit)50,194(1,481)(716)(776)
Income (loss) from continuing operations:22,050(50,043)(44,150)(56,491)
Loss from discontinued operations (7,104)  
Income (loss) before gain (loss) on sale of properties:22,050(57,147)(44,150)(56,491)
Other undisclosed net income 7,104  
Net income (loss):22,050(50,043)(44,150)(56,491)
Net income (loss) attributable to noncontrolling interest47(681)(5)804
Net income (loss) attributable to parent:22,097(50,724)(44,155)(55,687)
Preferred stock dividends and other adjustments(16,646)(15,827)(14,316)(11,124)
Net income (loss) available to common stockholders, diluted:5,451(66,551)(58,471)(66,811)

Comprehensive Income ($ in thousands)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):22,050(50,043)(44,150)(56,491)
Other comprehensive loss (66,795)(58,431)(66,823)
Comprehensive income (loss):22,050(116,838)(102,581)(123,314)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest47(681)5(804)
Other undisclosed comprehensive loss, net of tax, attributable to parent(17,523)   
Comprehensive income (loss), net of tax, attributable to parent:4,574(117,519)(102,576)(124,118)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: