$AC
Associated Capital Group, Inc.

2019 Form 10-K Financial Statement

#000114036120005911 Filed on March 16, 2020

View on sec.gov

Income Statement

Concept 2019 2018 Q4 2018 Q2
Revenue $22.21M $8.610M $4.796M
YoY Change -2.52% -25.71% -5.96%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $29.52M $8.430M $5.870M
YoY Change 10.94% -31.52% -37.15%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.00K $0.00 $0.00
YoY Change 0.0%
% of Gross Profit
Operating Expenses $35.47M $10.90M $8.242M
YoY Change -2.19% -27.67% -28.64%
Operating Profit -$13.26M -$3.446M
YoY Change -1.63%
Interest Expense $216.0K -$42.34M $39.00K
YoY Change -17.56% -270.66% -99.64%
% of Operating Profit
Other Income/Expense, Net $70.48M -$3.300M $19.70M
YoY Change -227.27% -592.54%
Pretax Income $57.22M -$47.93M $16.25M
YoY Change -183.1% -317.96% 276.18%
Income Tax $12.63M -$7.270M $3.388M
% Of Pretax Income 22.07% 20.85%
Net Earnings $39.19M -$40.32M $11.82M
YoY Change -167.45% -355.19% 157.04%
Net Earnings / Revenue 176.48% -468.29% 246.54%
Basic Earnings Per Share $1.74 $0.51
Diluted Earnings Per Share $1.74 -$1.775M $0.51
COMMON SHARES
Basic Shares Outstanding 22.53M 23.08M
Diluted Shares Outstanding 22.53M 23.08M

Balance Sheet

Concept 2019 2018 Q4 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $348.6M $409.6M $273.8M
YoY Change -14.89% 39.75% -14.3%
Cash & Equivalents $348.6M $398.4M $273.8M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $24.10M $24.40M $21.00M
Other Receivables $9.600M $4.400M $1.300M
Total Short-Term Assets $382.3M $438.4M $296.1M
YoY Change -12.8% 31.38% -11.21%
LONG-TERM ASSETS
Property, Plant & Equipment $6.600M $84.00K
YoY Change
Goodwill $3.519M
YoY Change
Intangibles
YoY Change
Long-Term Investments $604.7M $490.4M $694.1M
YoY Change 23.31% -23.84% 20.61%
Other Assets $2.000M $9.400M
YoY Change -78.72%
Total Long-Term Assets $628.6M $516.0M $702.8M
YoY Change 21.82% -23.35% 18.46%
TOTAL ASSETS
Total Short-Term Assets $382.3M $438.4M $296.1M
Total Long-Term Assets $628.6M $516.0M $702.8M
Total Assets $1.011B $954.4M $998.9M
YoY Change 5.92% -5.21% 7.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.90M $5.500M $13.00M
YoY Change 170.91% -58.65% 28.71%
Accrued Expenses $27.60M $19.20M $7.000M
YoY Change 43.75% 9.09% -44.44%
Deferred Revenue
YoY Change
Short-Term Debt $16.30M $9.500M $13.20M
YoY Change 71.58% 75.93% 45.05%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $63.00M $38.30M $35.50M
YoY Change 64.49% -9.24% -0.84%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $100.0K $100.0K $100.0K
YoY Change 0.0% -66.67%
Total Long-Term Liabilities $100.0K $100.0K $100.0K
YoY Change 0.0% -66.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $63.00M $38.30M $35.50M
Total Long-Term Liabilities $100.0K $100.0K $100.0K
Total Liabilities $114.5M $38.39M $87.00M
YoY Change 29.82% -56.77% 118.05%
SHAREHOLDERS EQUITY
Retained Earnings -$39.89M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $102.2M
YoY Change
Treasury Stock Shares $3.007M
Shareholders Equity $896.4M $866.2M $911.9M
YoY Change
Total Liabilities & Shareholders Equity $1.011B $954.4M $998.9M
YoY Change 5.92% -5.21% 7.78%

Cashflow Statement

Concept 2019 2018 Q4 2018 Q2
OPERATING ACTIVITIES
Net Income $39.19M -$40.32M $11.82M
YoY Change -167.45% -355.19% 157.04%
Depreciation, Depletion And Amortization $20.00K $0.00 $0.00
YoY Change 0.0%
Cash From Operating Activities -$44.33M $72.30M -$22.20M
YoY Change -157.59% 39.31% -233.73%
INVESTING ACTIVITIES
Capital Expenditures -$6.520M
YoY Change
Acquisitions
YoY Change
Other Investing Activities $1.460M -$10.30M $0.00
YoY Change -69.2% -38.32% -100.0%
Cash From Investing Activities -$5.058M -$10.30M $0.00
YoY Change -206.8% -38.32% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid $4.513M
YoY Change -3.28%
Common Stock Issuance & Retirement, Net $4.135M
YoY Change -41.02%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.58M -1.400M 12.00M
YoY Change -133.39% -108.92% -379.07%
NET CHANGE
Cash From Operating Activities -44.33M 72.30M -22.20M
Cash From Investing Activities -5.058M -10.30M 0.000
Cash From Financing Activities -11.58M -1.400M 12.00M
Net Change In Cash -60.98M 60.60M -10.20M
YoY Change -152.38% 19.06% -185.0%
FREE CASH FLOW
Cash From Operating Activities -$44.33M $72.30M -$22.20M
Capital Expenditures -$6.520M
Free Cash Flow -$37.81M
YoY Change

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100100000
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<div style="font-family: 'Times New Roman'; font-size: 10pt;"><div style="text-align: justify; font-style: italic;">Use of Estimates</div><div>&#160;</div><div style="text-align: justify;">The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;) requires management to make estimates and assumptions that affect the amounts reported on the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.</div></div>
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8577000
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CY2015Q4 ac Number Of Shares Of Common Stock Issued For Each Share Of Common Stock Of Parent Company In Spin Off
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InvestmentsInAffiliatedEquityMutualFunds
142400000
CY2019Q4 ac Cash And Cash Equivalents Invested In Affiliated Money Market Funds
CashAndCashEquivalentsInvestedInAffiliatedMoneyMarketFunds
336700000
CY2018Q4 ac Cash And Cash Equivalents Invested In Affiliated Money Market Funds
CashAndCashEquivalentsInvestedInAffiliatedMoneyMarketFunds
398300000
CY2018 ac Share Based Compensation Expense Including Cash Settlement
ShareBasedCompensationExpenseIncludingCashSettlement
700000
CY2019 ac Share Based Compensation Expense Including Cash Settlement
ShareBasedCompensationExpenseIncludingCashSettlement
1400000
CY2019 ac Number Of Stock Award And Incentive Plans
NumberOfStockAwardAndIncentivePlans
1
CY2019Q4 ac Liability For Shareholder Designated Contribution Program
LiabilityForShareholderDesignatedContributionProgram
2000000
CY2018Q4 ac Liability For Shareholder Designated Contribution Program
LiabilityForShareholderDesignatedContributionProgram
3300000
CY2019 ac Additional Contribution Per Share Approved
AdditionalContributionPerShareApproved
0.25
CY2019 ac Maximum Threshold Percentage Of Ownership Interest For Recording Noncotrolling Interests In Consolidated Entities
MaximumThresholdPercentageOfOwnershipInterestForRecordingNoncotrollingInterestsInConsolidatedEntities
1
CY2018 ac Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Consolidated Funds
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetConsolidatedFunds
984000
CY2019 ac Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Consolidated Funds
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetConsolidatedFunds
0
CY2019Q4 ac Deferred Tax Assets Shareholder Designated Contribution
DeferredTaxAssetsShareholderDesignatedContribution
1446000
CY2018Q4 ac Deferred Tax Assets Shareholder Designated Contribution
DeferredTaxAssetsShareholderDesignatedContribution
1898000
CY2017Q4 ac Unrecognized Tax Benefits Liabilities
UnrecognizedTaxBenefitsLiabilities
11000
CY2018Q4 ac Unrecognized Tax Benefits Liabilities
UnrecognizedTaxBenefitsLiabilities
6000
CY2019Q4 ac Unrecognized Tax Benefits Liabilities
UnrecognizedTaxBenefitsLiabilities
0
CY2018 ac Effective Income Tax Rate Reconciliation Donation Of Appreciated Securities
EffectiveIncomeTaxRateReconciliationDonationOfAppreciatedSecurities
0.000
CY2019 ac Effective Income Tax Rate Reconciliation Donation Of Appreciated Securities
EffectiveIncomeTaxRateReconciliationDonationOfAppreciatedSecurities
0.000
CY2018 ac Effective Income Tax Rate Reconciliation Deductions Dividends Received
EffectiveIncomeTaxRateReconciliationDeductionsDividendsReceived
0.004
CY2019 ac Effective Income Tax Rate Reconciliation Deductions Dividends Received
EffectiveIncomeTaxRateReconciliationDeductionsDividendsReceived
-0.005
CY2018Q4 ac Unrecognized Tax Benefits Liabilities That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsLiabilitiesThatWouldImpactEffectiveTaxRate
4494

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