Morgans Hotel Group Co (MHGC) financial statements (2020 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 millions)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4613106
Cash and cash equivalents4613106
Total current assets:4613106
Noncurrent Assets
Property, plant and equipment266278293304
Long-term investments and receivables0101011
Long-term investments0101011
Intangible assets, net (including goodwill)54546767
Goodwill54546767
Total noncurrent assets:320342370381
Other undisclosed assets196195191204
TOTAL ASSETS:562551571591
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt117125  
Deferred revenue and credits117125  
Total noncurrent liabilities:117125  
Other undisclosed liabilities654653750728
Total liabilities:771779750728
Temporary equity, carrying amount 556
Stockholders' equity
Stockholders' equity attributable to parent(210)(233)(184)(149)
Preferred stock71676258
Common stock0000
Treasury stock, value(17)(23)(37)(59)
Additional paid in capital237241253265
Accumulated other comprehensive loss(1)(0)(0)(0)
Accumulated deficit(500)(518)(462)(414)
Stockholders' equity attributable to noncontrolling interest1106
Total stockholders' equity:(209)(232)(183)(143)
TOTAL LIABILITIES AND EQUITY:562551571591

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
220235236190
Cost of revenue(177)(173)(166)(145)
Cost of goods and services sold(154)(159)(163)(135)
Gross profit:43627045
Operating expenses(31)(60)(72)(60)
Operating income (loss):121(2)(14)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
2(4)(3)(4)
Interest and debt expense(48)(63)(47)(40)
Loss from continuing operations before equity method investments, income taxes:(34)(65)(52)(59)
Income (loss) from equity method investments 0(1)(6)
Other undisclosed income from continuing operations before income taxes61799
Loss from continuing operations before income taxes:(28)(49)(43)(56)
Income tax expense (benefit)50(1)(1)(1)
Income (loss) from continuing operations:22(50)(44)(56)
Loss from discontinued operations (7)  
Income (loss) before gain (loss) on sale of properties:22(57)(44)(56)
Other undisclosed net income 7  
Net income (loss):22(50)(44)(56)
Net income (loss) attributable to noncontrolling interest0(1)(0)1
Net income (loss) attributable to parent:22(51)(44)(56)
Preferred stock dividends and other adjustments(17)(16)(14)(11)
Net income (loss) available to common stockholders, diluted:5(67)(58)(67)

Comprehensive Income ($ in millions)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):22(50)(44)(56)
Other comprehensive loss (67)(58)(67)
Comprehensive income (loss):22(117)(103)(123)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(1)0(1)
Other undisclosed comprehensive loss, net of tax, attributable to parent(18)   
Comprehensive income (loss), net of tax, attributable to parent:5(118)(103)(124)

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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