Financial Snapshot

Revenue
$369.5M
TTM
Gross Margin
93.99%
TTM
Net Earnings
-$48.02M
TTM
Current Assets
$52.27M
Q4 2023
Current Liabilities
$105.0M
Q4 2023
Current Ratio
49.8%
Q4 2023
Total Assets
$435.9M
Q4 2023
Total Liabilities
$494.7M
Q4 2023
Book Value
-$58.80M
Q4 2023
Cash
$12.41M
Q4 2023
P/E
-0.2982
Nov 29, 2024 EST
Free Cash Flow
-$38.29M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Revenue $369.5M $325.7M $684.0K $220.0M $272.1M $314.4M $292.6M $298.9M $295.9M $291.5M $0.00 $283.0M $292.9M $318.6M $361.9M $468.9M $680.5M $529.8M $378.2M $249.7M $152.1M $101.4M $113.4M $99.50M
YoY Change 13.44% 47516.96% -99.69% -19.14% -13.46% 7.44% -2.1% 1.02% 1.48% -100.0% -3.38% -8.07% -11.96% -22.82% -31.09% 28.44% 40.08% 51.46% 64.17% 50.0% -10.58% 13.97% 107.72%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Revenue $369.5M $325.7M $684.0K $220.0M $272.1M $314.4M $292.6M $298.9M $295.9M $291.5M $0.00 $283.0M $292.9M $318.6M $361.9M $468.9M $680.5M $529.8M $378.2M $249.7M $152.1M $101.4M $113.4M $99.50M
Cost Of Revenue $22.13M $19.40M $12.81M $8.834M $15.22M $20.15M $20.96M $21.59M $22.55M $21.04M $0.00 $108.2M $138.0M $172.2M $218.4M $307.3M $476.9M $374.3M $226.4M $136.4M $76.90M $46.40M $34.10M $35.30M
Gross Profit $347.3M $306.4M -$12.13M $211.2M $256.8M $294.2M $271.6M $277.3M $273.3M $270.5M $0.00 $174.7M $154.9M $146.4M $143.5M $161.6M $203.6M $155.5M $151.8M $113.3M $75.20M $55.00M $79.30M $64.20M
Gross Profit Margin 94.01% 94.07% -1773.39% 95.98% 94.41% 93.59% 92.84% 92.78% 92.38% 92.78% 61.73% 52.88% 45.95% 39.65% 34.46% 29.92% 29.35% 40.14% 45.37% 49.44% 54.24% 69.93% 64.52%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Selling, General & Admin $29.73M $44.40M $38.06M $31.50M $55.50M $42.50M $19.60M $17.60M $12.00M $15.90M $21.30M $15.50M $10.90M $30.80M $31.60M $32.30M $39.40M $37.90M $33.50M $28.80M $20.40M $22.00M $41.40M
YoY Change -33.05% 16.65% 20.83% -43.24% 30.59% 116.84% 11.36% 46.67% -24.53% -25.35% 37.42% 42.2% -64.61% -2.53% -2.17% -18.02% 3.96% 13.13% 16.32% 41.18% -7.27% -46.86%
% of Gross Profit 8.56% 14.49% 14.92% 21.61% 14.45% 7.22% 6.35% 4.39% 5.88% 8.87% 7.04% 21.04% 22.02% 19.99% 19.35% 24.37% 22.07% 25.42% 27.13% 40.0% 52.21%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $30.03M $25.70M $24.02M $27.15M $22.40M $19.70M $24.30M $26.50M $28.63M $26.97M $4.000K $7.500M $300.0K $300.0K $300.0K $600.0K $1.400M $1.100M $800.0K $2.300M $3.100M $8.600M $14.00M $13.20M
YoY Change 16.83% 7.0% -11.54% 21.24% 13.66% -18.93% -8.27% -7.47% 6.18% 674075.0% -99.95% 2400.0% 0.0% 0.0% -50.0% -57.14% 27.27% 37.5% -65.22% -25.81% -63.95% -38.57% 6.06%
% of Gross Profit 8.64% 8.39% 12.86% 8.72% 6.7% 8.95% 9.56% 10.48% 9.97% 4.29% 0.19% 0.2% 0.21% 0.37% 0.69% 0.71% 0.53% 2.03% 4.12% 15.64% 17.65% 20.56%
Operating Expenses $348.9M $331.8M $284.3M $188.7M $229.3M $251.8M $232.8M $338.1M $318.1M $276.2M $49.38M $39.10M $30.40M -$574.6M -$168.7M $1.069B $72.50M $52.40M $42.60M $29.30M $20.80M $23.60M $44.30M $29.60M
YoY Change 5.15% 16.69% 50.65% -17.69% -8.93% 8.16% -31.14% 6.27% 15.16% 459.42% 26.28% 28.62% -105.29% 240.6% -115.78% 1374.34% 38.36% 23.0% 45.39% 40.87% -11.86% -46.73% 49.66% 44.39%
Operating Profit -$1.563M -$25.40M -$20.62M -$36.64M -$67.28M -$26.43M -$44.91M -$39.17M -$22.24M $15.32M -$49.38M $135.6M $124.5M $721.0M $312.2M -$907.3M $131.1M $103.1M $109.2M $84.00M $54.40M $31.40M $35.00M $34.60M
YoY Change -93.85% 23.16% -43.7% -45.55% 154.54% -41.14% 14.64% 76.13% -245.2% -131.02% -136.41% 8.92% -82.73% 130.94% -134.41% -792.07% 27.16% -5.59% 30.0% 54.41% 73.25% -10.29% 1.16% 349.35%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Interest Expense -$12.79M -$11.60M $10.70M $11.05M $11.01M $18.32M $19.83M $52.87M $62.13M $80.02M $78.60M $235.5M $66.90M $11.00M -$2.700M $14.00M $13.00M
YoY Change 10.24% -208.43% -3.15% 0.35% -39.91% -7.6% -62.5% -14.91% -22.36% 1.81% -66.62% 252.02% -507.41% -119.29% 7.69%
% of Operating Profit 522.44% 173.67% 53.73% 3.52% 10.68% 12.61%
Other Income/Expense, Net $6.245M $5.100M $464.0K -$297.0K -$283.0K -$7.870M -$1.079M -$2.244M $844.0K $437.0K $3.000M $2.800M $2.400M $300.0K -$76.10M -$13.20M $5.400M
YoY Change 22.45% 999.14% -256.23% 4.95% -96.4% 629.38% -51.92% -365.88% 93.14% -85.43% 7.14% 16.67% -100.39% 476.52% -344.44%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Pretax Income -$42.42M -$50.00M -$29.98M -$54.65M -$54.21M -$38.40M -$41.24M $77.53M $21.25M $67.79M $140.8M $403.6M $304.0M $622.0M -$210.0M -$2.984B -$70.70M $121.5M $109.2M $84.00M $54.40M $31.40M $35.00M $34.60M
YoY Change -15.17% 66.76% -45.14% 0.8% 41.18% -6.88% -153.19% 264.77% -68.65% -51.85% -65.12% 32.76% -51.13% -396.19% -92.96% 4120.51% -158.19% 11.26% 30.0% 54.41% 73.25% -10.29% 1.16% 349.35%
Income Tax -$391.0K $2.000M $1.779M $1.705M $641.0K $284.0K $965.0K $189.0K $345.0K $208.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $300.0K $2.500M $0.00 $0.00 $0.00 $0.00
% Of Pretax Income 0.24% 1.62% 0.31% 0.0% 0.0% 0.0% 0.0% 0.0% 0.27% 2.98% 0.0% 0.0% 0.0% 0.0%
Net Earnings -$48.05M -$57.50M -$31.37M -$56.35M -$54.85M -$38.68M -$42.20M $77.34M $21.55M $32.39M $152.3M $434.1M $304.5M $621.7M -$209.9M -$2.985B -$65.50M $127.9M $117.0M $98.40M $56.10M $31.50M $43.70M $42.90M
YoY Change -16.43% 83.3% -44.34% 2.73% 41.8% -8.34% -154.57% 258.8% -33.46% -78.74% -64.91% 42.56% -51.02% -396.19% -92.97% 4457.86% -151.21% 9.32% 18.9% 75.4% 78.1% -27.92% 1.86% 248.78%
Net Earnings / Revenue -13.01% -17.65% -4586.11% -25.62% -20.16% -12.3% -14.42% 25.88% 7.29% 11.11% 153.39% 103.96% 195.13% -58.0% -636.68% -9.63% 24.14% 30.94% 39.41% 36.88% 31.07% 38.54% 43.12%
Basic Earnings Per Share -$0.41 -$0.92 -$0.90 -$0.66 -$0.71 $1.07 $0.24 $0.45 $3.16 $17.84
Diluted Earnings Per Share -$0.42 -$0.62 -$0.41 -$0.92 -$0.90 -$0.66 -$0.71 $1.04 $0.24 $0.44 $3.09 $17.64 $22.23M $62.17M -$23.85M -$339.3M -$7.616M $17.28M $16.03M $15.62M $12.75M $10.50M $16.19M $13.84M

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Cash & Short-Term Investments $12.80M $12.30M $58.29M $47.80M $28.40M $79.20M $167.7M $140.1M $45.70M $73.70M $74.00M $231.9M $157.4M $33.50M $68.30M $49.70M $55.90M $5.400M $21.30M $37.90M $60.40M $45.50M $31.40M
YoY Change 4.06% -78.9% 21.94% 68.31% -64.14% -52.77% 19.7% 206.56% -37.99% -0.41% -68.09% 47.33% 369.85% -50.95% 37.42% -11.09% 935.19% -74.65% -43.8% -37.25% 32.75% 44.9%
Cash & Equivalents $12.41M $12.30M $58.29M $47.80M $28.40M $79.20M $167.7M $140.1M $45.70M $73.70M $74.00M $231.9M $157.4M $33.50M $68.30M $49.70M $55.90M $5.400M $21.30M $37.90M $60.40M $45.50M $31.40M
Short-Term Investments $392.0K
Other Short-Term Assets $12.31M $17.50M $15.45M $18.00M $37.90M $99.80M $26.30M $706.2M $7.800M $20.40M $58.10M $4.400M $2.000M $7.100M $0.00 $0.00 $4.100M $62.90M $63.80M $39.50M $54.90M $3.500M $0.00
YoY Change -29.69% 13.23% -14.14% -52.51% -62.02% 279.47% -96.28% 8953.85% -61.76% -64.89% 1220.45% 120.0% -71.83% -100.0% -93.48% -1.41% 61.52% -28.05% 1468.57%
Inventory $3.108M $2.800M $2.229M $2.000M $2.800M $2.900M $4.700M $4.500M $5.100M $5.000M $5.100M $0.00 $252.9M $380.1M
Prepaid Expenses
Receivables $10.78M $8.300M $5.563M $4.400M $5.200M $7.500M $8.800M $8.000M $9.900M $7.400M $11.60M $1.100M $33.10M $65.80M $0.00 $11.30M
Other Receivables $13.28M $10.60M $19.32M $0.00 $0.00 $0.00 $0.00 $2.300M $362.5M $2.300M $4.600M $9.000M $30.60M $44.60M $274.2M $32.20M
Total Short-Term Assets $52.27M $51.50M $100.8M $72.10M $74.30M $189.4M $207.5M $861.1M $430.9M $108.8M $153.5M $246.4M $186.2M $357.2M $558.8M $507.1M $759.0M $929.4M $724.1M $767.5M $729.5M $323.2M $74.90M
YoY Change 1.5% -48.93% 39.87% -2.96% -60.77% -8.72% -75.9% 99.84% 296.05% -29.12% -37.7% 32.33% -47.87% -36.08% 10.2% -33.19% -18.33% 28.35% -5.65% 5.21% 125.71% 331.51%
Property, Plant & Equipment $359.9M $388.4M $361.2M $362.3M $394.9M $132.6M $241.3M $217.6M $227.9M $239.3M $1.363B $162.8M $7.700M $8.800M $10.00M $11.90M $34.40M $29.60M $16.70M $57.20M $103.0M $113.7M $524.8M
YoY Change -7.33% 7.54% -0.31% -8.26% 197.81% -45.05% 10.89% -4.52% -4.76% -82.44% 737.16% 2014.29% -12.5% -12.0% -15.97% -65.41% 16.22% 77.25% -70.8% -44.47% -9.41% -78.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $24.00M $22.60M $21.10M $19.30M $335.3M $900.3M $1.955B $2.861B $2.948B $2.760B $2.343B $2.512B $6.717B $7.173B $5.200B $4.028B $2.646B $1.119B $609.9M
YoY Change -100.0% 6.19% 7.11% 9.33% -94.24% -62.76% -53.95% -31.67% -2.95% 6.8% 17.83% -6.75% -62.6% -6.35% 37.94% 29.1% 52.25% 136.46% 83.46%
Other Assets $11.18M $3.900M $7.336M $7.600M $5.200M $8.900M $9.500M $8.900M $399.4M $428.9M $1.170B $655.8M $509.8M $560.8M $603.3M $442.3M $527.0M $472.4M $268.9M $80.00M $72.10M $16.90M $52.50M
YoY Change 186.69% -46.84% -3.47% 46.15% -41.57% -6.32% 6.74% -97.77% -6.88% -63.34% 78.38% 28.64% -9.09% -7.04% 36.4% -16.07% 11.56% 75.68% 236.13% 10.96% 326.63% -67.81%
Total Long-Term Assets $383.6M $406.5M $381.9M $385.0M $441.7M $212.5M $329.1M $310.9M $1.037B $1.653B $4.684B $3.699B $3.466B $3.330B $2.956B $2.967B $7.279B $7.675B $5.486B $4.165B $2.821B $1.249B $1.187B
YoY Change -5.63% 6.43% -0.79% -12.84% 107.86% -35.43% 5.85% -70.02% -37.26% -64.71% 26.63% 6.73% 4.08% 12.66% -0.36% -59.24% -5.16% 39.91% 31.7% 47.66% 125.77% 5.24%
Total Assets $435.9M $458.0M $482.8M $457.1M $516.0M $401.9M $536.6M $1.172B $1.468B $1.762B $4.838B $3.945B $3.652B $3.687B $3.515B $3.474B $8.038B $8.604B $6.210B $4.933B $3.550B $1.573B $1.262B
YoY Change
Accounts Payable $41.98M $41.50M $34.47M $29.60M $25.90M $0.00 $1.800M $900.0K $106.8M $1.100M $5.900M $3.600M $1.700M $1.400M $1.500M $1.500M $7.700M $13.50M $8.800M $9.000M $2.400M $1.300M $0.00
YoY Change 1.17% 20.4% 16.45% 14.29% -100.0% 100.0% -99.16% 9609.09% -81.36% 63.89% 111.76% 21.43% -6.67% 0.0% -80.52% -42.96% 53.41% -2.22% 275.0% 84.62%
Accrued Expenses $11.67M $22.70M $19.97M $24.20M $19.70M $2.900M $2.200M $1.900M $3.100M $2.600M $0.00 $0.00 $19.10M $10.60M $6.400M $16.40M $16.90M $33.40M $23.10M $40.10M $17.60M $6.700M $10.60M
YoY Change -48.57% 13.65% -17.46% 22.84% 579.31% 31.82% 15.79% -38.71% 19.23% -100.0% 80.19% 65.63% -60.98% -2.96% -49.4% 44.59% -42.39% 127.84% 162.69% -36.79%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $601.0M $418.5M $441.2M $556.3M $929.4M $291.0M $70.00M $174.6M $376.6M $1.735B $2.098B $1.068B $490.6M $715.8M $248.2M $1.500M
YoY Change -100.0% 43.61% -5.15% -20.69% -40.14% 219.38% 315.71% -59.91% -53.64% -78.29% -17.33% 96.41% 117.73% -31.46% 188.4% 16446.67%
Long-Term Debt Due $4.734M $4.800M $5.400M $6.500M $6.200M $5.500M $4.700M $3.700M
YoY Change -1.38% -11.11% -16.92% 4.84% 12.73% 17.02% 27.03%
Total Short-Term Liabilities $105.0M $127.1M $110.7M $102.0M $93.10M $103.7M $104.0M $698.2M $570.3M $495.0M $690.6M $978.8M $451.0M $258.9M $389.6M $728.5M $1.933B $2.196B $1.148B $605.2M $802.2M $319.5M $32.70M
YoY Change -17.41% 14.78% 8.56% 9.56% -10.22% -0.29% -85.1% 22.43% 15.21% -28.32% -29.44% 117.03% 74.2% -33.55% -46.52% -62.31% -11.97% 91.35% 89.61% -24.56% 151.08% 877.06%
Long-Term Debt $80.61M $57.00M $60.25M $63.90M $64.30M $61.70M $163.3M $162.8M $552.4M $873.7M $2.462B $1.852B $3.009B $3.676B $4.766B $5.139B $5.657B $5.407B $4.144B $3.531B $2.209B $968.8M $895.9M
YoY Change 41.42% -5.39% -5.71% -0.62% 4.21% -62.22% 0.31% -70.53% -36.77% -64.51% 32.89% -38.44% -18.15% -22.87% -7.26% -9.17% 4.63% 30.46% 17.37% 59.85% 127.99% 8.14%
Other Long-Term Liabilities $303.3M $300.8M $282.0M $281.1M $293.0M $101.9M $98.30M $92.90M $135.2M $135.0M $459.3M $41.20M
YoY Change 0.83% 6.68% 0.3% -4.06% 187.54% 3.66% 5.81% -31.29% 0.15% -70.61% 1014.81%
Total Long-Term Liabilities $383.9M $357.8M $342.2M $345.0M $357.3M $163.6M $261.6M $255.7M $687.6M $1.009B $2.921B $1.894B $3.009B $3.676B $4.766B $5.139B $5.657B $5.407B $4.144B $3.531B $2.209B $968.8M $895.9M
YoY Change 7.29% 4.56% -0.81% -3.44% 118.4% -37.46% 2.31% -62.81% -31.83% -65.47% 54.26% -37.07% -18.15% -22.87% -7.26% -9.17% 4.63% 30.46% 17.37% 59.85% 127.99% 8.14%
Total Liabilities $494.7M $490.0M $454.4M $447.0M $450.4M $267.3M $365.6M $953.9M $1.258B $1.504B $3.673B $2.872B $3.460B $3.935B $5.155B $5.867B $7.590B $7.602B $5.292B $4.136B $3.011B $1.288B $931.2M
YoY Change 0.95% 7.84% 1.65% -0.75% 68.5% -26.89% -61.67% -24.15% -16.36% -59.06% 27.87% -16.98% -12.07% -23.68% -12.13% -22.7% -0.16% 43.67% 27.94% 37.37% 133.71% 38.35%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $14.32 Million

About Drive Shack Inc.

Drive Shack, Inc. engages in the management of golf-related leisure and social entertainment venues and courses. The company is headquartered in Dallas, Texas and currently employs 4,249 full-time employees. The company went IPO on 2002-10-10. The Company’s segments include entertainment golf and traditional golf. The Entertainment Golf segment is comprised of Drive Shack venues that feature technology-enabled hitting bays within bay dining, full-service restaurants, bars, and event spaces and Puttery venues that feature indoor putting courses anchored by bars and other social spaces, as well as a full-service kitchen. The Traditional Golf segment is the operators of golf courses and country clubs in the United States. The firm owns, leases, or manages approximately 53 traditional golf properties across nine states. The firm operates over three Drive Shack venues located in Orlando, Florida; West Palm Beach, Florida; Raleigh, North Carolina, and Richmond, Virginia. The company also leases four Puttery venues located in The Colony, Texas; Charlotte, North Carolina; Washington, D.C., and Houston, Texas.

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