Standard Diversified Inc. (SDI) financial statements (2020 and earlier)

Company profile

Business Address 767 5TH AVENUE, 12TH FLOOR
NEW YORK, NY 10153
State of Incorp. DE
Fiscal Year End December 31
SIC 21 - Tobacco Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11422182232525
Cash and cash equivalents11221182232525
Short-term investments11     
Restricted cash and investments      1
Receivables733    
Inventory, net of allowances, customer advances and progress billings719163   
Inventory719163    
Other current assets1615110000
Other undisclosed current assets   20   
Total current assets:2081319622242526
Noncurrent Assets
Operating lease, right-of-use asset15
Property, plant and equipment30289    
Intangible assets, net (including goodwill)188185161   
Goodwill154147135    
Intangible assets, net (excluding goodwill)343826    
Other noncurrent assets1261    
Other undisclosed noncurrent assets  32    
Total noncurrent assets:245219203    
Other undisclosed assets5872     
TOTAL ASSETS:51142229922242526
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4333242011
Accounts payable1594    
Accrued liabilities2824202001
Employee-related liabilities     00
Interest and dividends payable0 0    
Debt1798    
Other undisclosed current liabilities  8  (0)(0)
Total current liabilities:6043402001
Noncurrent Liabilities
Long-term debt and lease obligation313209186    
Long-term debt, excluding current maturities300209186    
Operating lease, liability13
Liabilities, other than long-term debt7105    
Asset retirement obligations22     
Deferred tax liabilities, net3     
Deferred income tax liabilities2
Liability, pension and other postretirement and postemployment benefits 34   
Other liabilities321    
Total noncurrent liabilities:320218191    
Other undisclosed liabilities3167     
Total liabilities:4113272302001
Stockholders' equity
Stockholders' equity attributable to parent, including:47544220232425
Common stock   0000
Treasury stock, value(1)(1) (1)(1)(1)(1)
Additional paid in capital85817144444444
Accumulated other comprehensive loss(2)(2)(2)    
Accumulated deficit(35)(25)(27)(24)(21)(19)(18)
Other undisclosed stockholders' equity attributable to parent000    
Stockholders' equity attributable to noncontrolling interest534126    
Total stockholders' equity:100956820232425
TOTAL LIABILITIES AND EQUITY:51142229922242526

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues392366286    
Revenue, net286    
Cost of revenue(252)(3)(161)    
Cost of goods and services sold(228) (161)    
Deferred policy acquisition costs, amortization expense (3)     
Gross profit:140363125    
Operating expenses(127)(326)(78)(3)(1)(1)(2)
Other undisclosed operating income 3     
Operating income (loss):134047(3)(1)(1)(2)
Nonoperating income (expense)5(0)1    
Investment income, nonoperating  1    
Net periodic defined benefits expense (reversal of expense), excluding service cost component5(0)
Interest and debt expense(2)(20)(23)    
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   0 0(0)
Income (loss) from continuing operations before equity method investments, income taxes:152024(3)(1)(1)(2)
Other undisclosed income (loss) from continuing operations before income taxes(17)1     
Income (loss) from continuing operations before income taxes:(2)2124(3)(1)(1)(2)
Income tax expense(2)(6)(7)    
Income (loss) from continuing operations:(4)1517(3)(1)(1)(2)
Income from discontinued operations     01
Net income (loss):(4)1517(3)(1)(1)(1)
Net loss attributable to noncontrolling interest(7)(12)(7)    
Net income (loss) available to common stockholders, basic:(11)210(3)(1)(1)(1)
Dilutive securities, effect on basic earnings per share(0)(0)(0)    
Net income (loss) available to common stockholders, diluted:(11)210(3)(1)(1)(1)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(4)1517(3)(1)(1)(1)
Other comprehensive income (loss)(1)01    
Comprehensive income (loss):(4)1518(3)(1)(1)(1)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(6)13(7)    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (25)    0
Comprehensive income (loss), net of tax, attributable to parent:(11)211(3)(1)(1)(1)

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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