$HGBL
Heritage Global Inc.

2020 Q4 Form 10-K Financial Statement

#000156459021011476 Filed on March 08, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4 2019
Revenue $8.260M $5.570M $26.17M
YoY Change 48.29% -5.75% 10.59%
Cost Of Revenue $4.410M $1.140M $7.740M
YoY Change 286.84% -12.31% 91.11%
Gross Profit $3.850M $4.430M $18.43M
YoY Change -13.09% -3.9% -6.07%
Gross Profit Margin 46.61% 79.53% 70.42%
Selling, General & Admin $3.930M $4.320M $15.87M
YoY Change -9.03% 10.77% 4.3%
% of Gross Profit 102.08% 97.52% 86.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $90.00K $80.00K $70.00K
YoY Change 12.5% 0.0% 1.45%
% of Gross Profit 2.34% 1.81% 0.38%
Operating Expenses $4.020M $4.410M $15.87M
YoY Change -8.84% 10.8% 4.3%
Operating Profit -$170.0K $20.00K $3.050M
YoY Change -950.0% -96.83% -25.21%
Interest Expense $3.490M $90.00K $1.310M
YoY Change 3777.78% -1000.0% -723.81%
% of Operating Profit 450.0% 42.95%
Other Income/Expense, Net $0.00 $0.00
YoY Change -100.0%
Pretax Income $3.320M -$450.0K $2.986M
YoY Change -837.78% -173.77% -25.74%
Income Tax -$3.000M -$1.030M -$913.0K
% Of Pretax Income -90.36% -30.58%
Net Earnings $6.320M $580.0K $3.899M
YoY Change 989.66% 41.46% 3.95%
Net Earnings / Revenue 76.51% 10.41% 14.9%
Basic Earnings Per Share $0.14
Diluted Earnings Per Share $170.9K $19.11K $0.13
COMMON SHARES
Basic Shares Outstanding 29.25M
Diluted Shares Outstanding 29.27M

Balance Sheet

Concept 2020 Q4 2019 Q4 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.39M $2.730M $2.730M
YoY Change 756.78% -36.07% -36.07%
Cash & Equivalents $23.39M $2.728M $2.730M
Short-Term Investments
Other Short-Term Assets $500.0K $780.0K $780.0K
YoY Change -35.9% 27.87% 27.87%
Inventory $235.0K $104.0K $100.0K
Prepaid Expenses
Receivables $1.496M $1.859M $1.860M
Other Receivables $1.330M $1.290M $1.290M
Total Short-Term Assets $26.95M $6.770M $6.770M
YoY Change 298.11% -11.85% -11.85%
LONG-TERM ASSETS
Property, Plant & Equipment $130.0K $221.0K $1.700M
YoY Change -41.18% 26.29% 844.44%
Goodwill $5.585M $5.585M
YoY Change 0.0% -9.3%
Intangibles $3.123M
YoY Change
Long-Term Investments $2.402M $2.516M $2.520M
YoY Change -4.53% -9.07% -9.03%
Other Assets $250.0K $212.0K $580.0K
YoY Change 17.92% -5.36% 163.64%
Total Long-Term Assets $17.60M $15.15M $15.15M
YoY Change 16.21% 16.96% 16.99%
TOTAL ASSETS
Total Short-Term Assets $26.95M $6.770M $6.770M
Total Long-Term Assets $17.60M $15.15M $15.15M
Total Assets $44.56M $21.92M $21.92M
YoY Change 103.29% 6.23% 6.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.61M $8.110M $5.060M
YoY Change 67.82% 0.12% -37.53%
Accrued Expenses $380.0K $580.0K $3.630M
YoY Change -34.48%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $400.0K $400.0K
YoY Change -100.0% -66.1% -66.1%
Total Short-Term Liabilities $13.99M $9.128M $9.090M
YoY Change 53.25% -10.25% -10.62%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $40.00K $40.00K
YoY Change -100.0% -90.91% -90.91%
Other Long-Term Liabilities $620.0K $940.0K $940.0K
YoY Change -34.04% -48.86% -48.91%
Total Long-Term Liabilities $620.0K $980.0K $980.0K
YoY Change -36.73% -46.68% -57.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.99M $9.128M $9.090M
Total Long-Term Liabilities $620.0K $980.0K $980.0K
Total Liabilities $14.61M $10.07M $10.07M
YoY Change 45.1% -22.72% -22.72%
SHAREHOLDERS EQUITY
Retained Earnings -$263.8M -$273.5M
YoY Change -3.53% -1.41%
Common Stock $353.0K $293.0K
YoY Change 20.48% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $29.94M $11.85M $11.85M
YoY Change
Total Liabilities & Shareholders Equity $44.56M $21.92M $21.92M
YoY Change 103.29% 6.23% 6.25%

Cashflow Statement

Concept 2020 Q4 2019 Q4 2019
OPERATING ACTIVITIES
Net Income $6.320M $580.0K $3.899M
YoY Change 989.66% 41.46% 3.95%
Depreciation, Depletion And Amortization $90.00K $80.00K $70.00K
YoY Change 12.5% 0.0% 1.45%
Cash From Operating Activities $6.340M -$260.0K $794.0K
YoY Change -2538.46% -108.39% -89.37%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$50.00K $116.0K
YoY Change -100.0% 400.0% 17.17%
Acquisitions
YoY Change
Other Investing Activities $3.890M -$740.0K -$1.040M
YoY Change -625.68% -73.09% -62.18%
Cash From Investing Activities $3.890M -$790.0K -$1.156M
YoY Change -592.41% -71.38% -59.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 7.360M -130.0K -1.178M
YoY Change -5761.54% -118.31% -52.09%
NET CHANGE
Cash From Operating Activities 6.340M -260.0K 794.0K
Cash From Investing Activities 3.890M -790.0K -1.156M
Cash From Financing Activities 7.360M -130.0K -1.178M
Net Change In Cash 17.59M -1.180M -1.540M
YoY Change -1590.68% -212.38% -171.33%
FREE CASH FLOW
Cash From Operating Activities $6.340M -$260.0K $794.0K
Capital Expenditures $0.00 -$50.00K $116.0K
Free Cash Flow $6.340M -$210.0K $678.0K
YoY Change -3119.05% -106.75% -90.8%

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