Morgans Hotel Group Co (MHGC) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
475 TENTH AVENUE NEW YORK, NY 10018 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7011 - Hotels and Motels (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2016 MRQ | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 45,925 | 13,493 | 10,025 | 5,847 | |||
| Cash and cash equivalents | 45,925 | 13,493 | 10,025 | 5,847 | |||
| Total current assets: | 45,925 | 13,493 | 10,025 | 5,847 | |||
| Noncurrent Assets | |||||||
| Property, plant and equipment | 265,678 | 277,825 | 292,629 | 303,689 | |||
| Long-term investments and receivables | 100 | 10,492 | 10,492 | 11,178 | |||
| Long-term investments | 100 | 10,492 | 10,492 | 11,178 | |||
| Intangible assets, net (including goodwill) | 54,057 | 54,057 | 66,572 | 66,572 | |||
| Goodwill | 54,057 | 54,057 | 66,572 | 66,572 | |||
| Total noncurrent assets: | 319,835 | 342,374 | 369,693 | 381,439 | |||
| Other undisclosed assets | 196,018 | 195,377 | 191,489 | 203,869 | |||
| TOTAL ASSETS: | 561,778 | 551,244 | 571,207 | 591,155 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Noncurrent Liabilities | |||||||
| Liabilities, other than long-term debt | 117,378 | 125,398 | |||||
| Deferred revenue and credits | 117,378 | 125,398 | |||||
| Total noncurrent liabilities: | 117,378 | 125,398 | |||||
| Other undisclosed liabilities | 653,838 | 653,261 | 749,688 | 728,472 | |||
| Total liabilities: | 771,216 | 778,659 | 749,688 | 728,472 | |||
| Temporary equity, carrying amount | 5,042 | 4,953 | 6,053 | ||||
| Equity | |||||||
| Equity, attributable to parent | (210,035) | (233,006) | (183,924) | (149,436) | |||
| Preferred stock | 71,025 | 66,724 | 62,004 | 57,755 | |||
| Common stock | 363 | 363 | 363 | 363 | |||
| Treasury stock, value | (17,257) | (23,279) | (37,086) | (58,917) | |||
| Additional paid in capital | 236,730 | 241,001 | 252,810 | 265,014 | |||
| Accumulated other comprehensive loss | (1,131) | (254) | (10) | (50) | |||
| Accumulated deficit | (499,765) | (517,561) | (462,005) | (413,601) | |||
| Equity, attributable to noncontrolling interest | 597 | 549 | 490 | 6,066 | |||
| Total equity: | (209,438) | (232,457) | (183,434) | (143,370) | |||
| TOTAL LIABILITIES AND EQUITY: | 561,778 | 551,244 | 571,207 | 591,155 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2016 TTM | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 219,982 | 234,961 | 236,486 | 189,919 | ||
| 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: | 42,812 | 61,672 | 70,351 | 45,384 | ||
| Operating expenses | (30,942) | (60,220) | (72,261) | (59,746) | ||
| Operating income (loss): | 11,870 | 1,452 | (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 taxes | 6,070 | 16,880 | 9,420 | 9,489 | ||
| 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) | ||
| Income (loss) before gain (loss) on sale of properties: | 22,050 | (57,147) | (44,150) | (56,491) | ||
| Loss from discontinued operations | (7,104) | |||||
| Other undisclosed net income | 7,104 | |||||
| Net income (loss): | 22,050 | (50,043) | (44,150) | (56,491) | ||
| Net income (loss) attributable to noncontrolling interest | 47 | (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)
| 9/30/2016 TTM | 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 interest | 47 | (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 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.