Thunder Bridge Acquisition, Ltd. (TBRG) financial statements (2021 and earlier)

Company profile

Business Address 3 WEST PACES FERRY ROAD
ATLANTA, GA 30305
State of Incorp.
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments91250
Cash and cash equivalents91250
Receivables2115 
Prepaid expense  0
Other undisclosed current assets75 
Total current assets:119440
Noncurrent Assets
Operating lease, right-of-use asset10 
Property, plant and equipment22 
Intangible assets, net (including goodwill)483414 
Goodwill459390 
Intangible assets, net (excluding goodwill)2424 
Assets held-in-trust  263
Restricted cash and investments1513 
Deferred income tax assets135 
Other noncurrent assets 1 
Other undisclosed noncurrent assets345309 
Total noncurrent assets:991738263
TOTAL ASSETS:1,110782263
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities31260
Accounts payable12100
Accrued liabilities1916 
Debt76 
Due to related parties1615 
Other undisclosed current liabilities126 
Total current liabilities:65520
Noncurrent Liabilities
Long-term debt and lease obligation259208 
Long-term debt, excluding current maturities250208 
Operating lease, liability9 
Liabilities, other than long-term debt111 
Deferred income tax liabilities 1
Other liabilities110 
Other undisclosed noncurrent liabilities2196110
Total noncurrent liabilities:48827010
Total liabilities:55432210
Stockholders' equity
Stockholders' equity attributable to parent, including:5092545
Additional paid in capital6043083
Accumulated other comprehensive income (loss)(6)0 
Retained earnings (accumulated deficit)(89)(54)2
Other undisclosed stockholders' equity attributable to parent000
Stockholders' equity attributable to noncontrolling interest47206 
Other undisclosed stockholders' equity  248
Total stockholders' equity:556461253
TOTAL LIABILITIES AND EQUITY:1,110782263

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

12/31/2020
12/31/2019
12/31/2018
Revenues155105 
Cost of revenue(36)(26) 
Gross profit:11979 
Operating expenses(151)(127)(1)
Operating loss:(32)(48)(1)
Nonoperating income (expense)(27) 3
Investment income, nonoperating  3
Interest and debt expense(1)  
Income (loss) from continuing operations before equity method investments, income taxes:(60)(48)1
Other undisclosed income from continuing operations before income taxes1  
Income (loss) from continuing operations before income taxes:(59)(48)1
Income tax benefit12  
Income (loss) before gain (loss) on sale of properties:(47)(48)1
Other undisclosed net income  0
Net income (loss):(47)(48)2
Net income attributable to noncontrolling interest12  
Net income (loss) available to common stockholders, basic:(35)(48)2
Other undisclosed net loss available to common stockholders, diluted  (3)
Net loss available to common stockholders, diluted:(35)(48)(1)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
Net income (loss):(47)(48)2
Other comprehensive loss(8)  
Comprehensive income (loss):(55)(48)2
Comprehensive income, net of tax, attributable to noncontrolling interest15  
Comprehensive income (loss), net of tax, attributable to parent:(40)(48)2

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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