Safeguard Scientifics, Inc. (SFE) Financial Statements (2023 and Earlier)

Company Profile

Business Address 150 NORTH RADNOR-CHESTER ROAD
RADNOR, PA 19087
State of Incorp. PA
Fiscal Year End December 31
Industry (SIC) 6799 - Investors, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:24,73915,60125,02845,70025,20030,44263,858
Cash and cash equivalents24,73915,60125,0287,70320,75122,05832,838
Short-term investments   37,9558,2138,38431,020
Other undisclosed cash, cash equivalents, and short-term investments   42(3,764)  
Restricted cash and investments25 25500   
Other undisclosed current assets5,5144621,2972,6278,4082,1095,810
Total current assets:30,27816,06326,35048,82733,60832,55169,668
Noncurrent Assets
Operating lease, right-of-use asset1,561  
Property, plant and equipment 1,7902,1018081,5131,8732,145
Long-term investments and receivables21,97250,39877,12995,585134,691190,772183,993
Long-term investments21,97250,39877,12995,585134,691190,772181,344
Accounts and financing receivable, after allowance for credit loss      2,649
Restricted cash and investments    6,3366,336 
Other noncurrent assets2177841,9975173162961,828
Total noncurrent assets:23,75052,97281,22796,910142,856199,277187,966
TOTAL ASSETS:54,02869,035107,577145,737176,464231,828257,634
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3593,1432,0305,7805,3275,8616,417
Accounts payable415639165155140290
Accrued liabilities5244106272,1821,8512,2232,789
Employee-related liabilities7942,6771,3643,4333,3213,4983,338
Debt  39922,10040,485  
Other undisclosed current liabilities375327 5,060   
Total current liabilities:1,7343,4702,42932,94045,8125,8616,417
Noncurrent Liabilities
Long-term debt and lease obligation1,6782,0532,38043,01445,32152,56051,747
Long-term debt, excluding current maturities   43,01445,32152,56051,747
Operating lease, liability1,6782,0532,380
Liabilities, other than long-term debt506371,0272,8043,5353,6303,965
Other liabilities506371,0272,8043,5353,6303,965
Total noncurrent liabilities:1,7282,6903,40745,81848,85656,19055,712
Total liabilities:3,4626,1605,83678,75894,66862,05162,129
Stockholders' equity
Stockholders' equity attributable to parent50,56662,875101,74166,97981,796169,777195,505
Common stock2,1572,1572,1572,1572,1572,1572,157
Treasury stock, value(48,569)(10,200)(14,024)(15,001)(17,308)(21,061)(19,570)
Additional paid in capital806,638807,582810,856810,928812,536816,016817,434
Accumulated other comprehensive loss(25)(25)(25) (113)(431)(246)
Accumulated deficit(709,635)(736,639)(697,223)(731,105)(715,476)(626,904)(604,270)
Total stockholders' equity:50,56662,875101,74166,97981,796169,777195,505
TOTAL LIABILITIES AND EQUITY:54,02869,035107,577145,737176,464231,828257,634

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues     25457
Other income     25457
Gross profit:     25457
Operating expenses(7,153)(9,466)(9,982)(16,871)(17,131)(18,692)(17,554)
Other undisclosed operating income (loss)    493(254)(57)
Operating loss:(7,153)(9,466)(9,982)(16,871)(17,131)(18,692)(17,554)
Nonoperating income (expense)22,311(7,447)14,299(2,352)3,5373932,152
Investment income, nonoperating2762612,0442,8063,8762,0751,935
Other nonoperating income (expense)22,035(7,708)12,255(5,158)(339)(1,682)217
Interest and debt expense  (14,023)(16,067)(8,620)(4,634)(4,523)
Income (loss) from continuing operations before equity method investments, income taxes:15,158(16,913)(9,706)(35,290)(22,214)(22,933)(19,925)
Income (loss) from equity method investments11,846(20,702)64,26719,661(66,358)671(39,599)
Net income (loss) available to common stockholders, diluted:27,004(37,615)54,561(15,629)(88,572)(22,262)(59,524)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):27,004(37,615)54,561(15,629)(88,572)(22,262)(59,524)
Other comprehensive loss  (25)(15,516)(88,254)(22,447)(59,770)
Comprehensive income (loss), net of tax, attributable to parent:27,004(37,615)54,536(31,145)(176,826)(44,709)(119,294)

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.

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