Speedway Motorsports, Inc. (TRK) financial statements (2020 and earlier)

Company profile

Business Address US HIGHWAY 29 NORTH
CONCORD, NC 28026
State of Incorp. DE
Fiscal Year End December 31
SIC 7948 - Racing, Including Track Operation (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8182798211097106
Cash and cash equivalents8182798211097106
Receivables19282940353536
Inventory, net of allowances, customer advances and progress billings8789899
Inventory8789899
Prepaid expense1244444
Prepaid expense and other current assets4
Deferred tax assets    (24)(49) 
Other undisclosed current assets1279561077
Total current assets:121123128143189202162
Noncurrent Assets
Property, plant and equipment9379581,0001,0201,0521,1051,148
Long-term investments and receivables1111221
Accounts and financing receivable, after allowance for credit loss1111221
Intangible assets, net (including goodwill)345345346346445445534
Goodwill464647475050139
Intangible assets, net (excluding goodwill)298298298298395395395
Deferred costs    999
Other noncurrent assets242423303129
Prepaid expense and other noncurrent assets28
Other undisclosed noncurrent assets  (0) (9)(6)(5)
Total noncurrent assets:1,3051,3271,3701,3961,5291,5841,715
TOTAL ASSETS:1,4261,4511,4981,5391,7181,7861,877
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities37404243433231
Accounts payable10121312111111
Accrued liabilities22242427252220
Taxes payable10     
Interest and dividends payable44447  
Debt088871418
Deferred revenue and credits414558555858
Contract with customer, liability34
Other undisclosed current liabilities     76
Total current liabilities:718995108106111114
Noncurrent Liabilities
Long-term debt and lease obligation198219254314398453504
Long-term debt, excluding current maturities198219254314398453504
Liabilities, other than long-term debt223223351332384394399
Deferred revenue and credits345579
Contract with customer, liability2
Deferred tax liabilities, net201202329321372382386
Other liabilities1918187755
Other undisclosed noncurrent liabilities     33
Total noncurrent liabilities:421443606646781849906
Total liabilities:4925317007548879601,019
Stockholders' equity
Stockholders' equity attributable to parent935919798785831826858
Common stock0000000
Treasury stock, value(117)(112)(106)(100)(94)(89)(86)
Additional paid in capital266263259255253250247
Retained earnings785768644629672665697
Total stockholders' equity:935919798785831826858
TOTAL LIABILITIES AND EQUITY:1,4261,4511,4981,5391,7181,7861,877

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues457454512496484481490
Revenue, net129137147147146584
Cost of revenue(243)(238)(293)(267)(255)(276)(264)
Cost of goods and services sold(6)(219)(249)(246)(236)(231)(231)
Gross profit:214215220230230204226
Operating expenses(166)(178)(170)(276)(190)(253)(162)
Other operating income (expense), net
(Other Nonrecurring (Income) Expense)
 (0)(0)(0)(0)0(1)
Other undisclosed operating income14212526215038
Operating income (loss):635873(20)602101
Nonoperating income (expense)2(1)1(1)3(0)(4)
Investment income, nonoperating110 100
Other nonoperating income (expense)2(1)1(1)2(0)4
Interest and debt expense(12)(13)(13)(17)(22)(38)(42)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (8) (12)8
Income (loss) from continuing operations before income taxes:534461(46)41(49)64
Income tax expense (benefit)(13)104(22)12(16)42(22)
Income (loss) from continuing operations:4014840(34)25(6)42
Income from discontinued operations      0
Net income (loss):4014840(34)25(6)42
Other undisclosed net income (loss) attributable to parent   (0)6(0) 
Net income (loss) available to common stockholders, basic:4014840(34)31(6)42
Other undisclosed net income (loss) available to common stockholders, diluted   0(6)  
Net income (loss) available to common stockholders, diluted:4014840(34)25(6)42

Comprehensive Income ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):4014840(34)25(6)42
Comprehensive income (loss), net of tax, attributable to parent:4014840(34)25(6)42

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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