Associated Capital Group, Inc. AC Income Statement

Associated capital group, inc. (AC)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15
Revenues
Total revenues
4,369	16,674	5,118	4,821	4,652	8,614	4,666	4,796	4,703	11,585	5,248	5,095	4,987	-	-	-	-	-	-	-	-
Investment advisory and incentive fees
-	-	-	-	-	-	-	-	-	-	-	-	-	11,734	2,294	2,224	2,068	-	2,240	2,069	-
Institutional research services
-	-	-	-	-	-	-	-	-	-	-	-	-	4,532	2,992	2,672	2,438	-	2,063	2,001	-
Investment advisory and incentive fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,986
Institutional research services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,066
Other revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	29	165	68	11	-1,142	387	520	515
Total revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	16,295	5,451	4,964	4,517	-	4,690	-	-
Total revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,590	4,567
Expenses
Compensation
3,375	15,481	4,808	5,584	6,311	8,723	5,618	5,870	6,396	14,965	8,354	6,421	6,783	12,800	6,415	5,441	6,312	9,788	5,079	5,597	5,879
Represents the expense recognized during the period arising from equity-based compensation arrangements, including cash settlement (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees.
-	-	256	284	-	-	289	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	2,920	444	449	727	644	644	3,036	630	627	638
Management fee expense is incentive-based and entirely variable compensation in the amount of 10% of the aggregate pre-tax profits which is paid to Mr. Gabelli or his designee for acting as CEO pursuant to his amended Employment Agreement so long as he is an executive of GBL and devoting the substantial majority of his working time to the business.
0	-	-	-	3,260	-	-	-	0	-	-	-	-	527	641	151	274	569	-1,374	109	387
Other operating expenses
2,089	1,002	3,063	2,104	2,957	2,465	2,258	2,372	2,557	2,760	3,006	2,207	2,092	2,387	2,165	2,080	1,802	1,485	1,436	1,725	1,543
Total expenses
5,464	18,396	8,127	7,972	12,528	10,899	8,165	8,242	8,953	15,074	11,360	11,548	9,319	16,163	9,948	8,316	9,032	14,878	5,771	8,058	8,447
Operating loss
-1,095	-1,722	-3,009	-3,151	-7,876	-2,285	-3,499	-3,446	-4,250	-3,489	-6,112	-6,453	-4,332	132	-4,497	-3,352	-4,515	-5,883	-1,081	-3,468	-3,880
Other income (expense)
Net gain/(loss) from investments
-102,090	18,406	7,606	-234	34,979	-46,267	-7,977	16,571	-27,530	21,616	5,234	8,149	-14,401	7,139	7,566	1,495	3,709	9,110	-11,539	3,759	6,946
Interest and dividend income
2,310	3,708	2,618	3,295	3,786	4,046	3,466	3,165	2,707	3,206	2,347	2,691	2,257	2,907	2,833	3,495	3,434	-	551	-	-
Interest and dividend income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,007	745
Interest expense
49	69	69	35	44	120	70	39	33	17	69	71	70	36	66	68	420	276	323	327	334
The amount of shareholder-designated contribution made during the period.
227	-	-	-	0	-	-	-	-	-673	0	0	4,895	5,411	0	0	0	-	-	-	-
Total other income (expense), net
-100,056	18,764	10,155	3,026	38,721	-45,641	-4,581	19,697	-24,856	25,478	7,512	10,769	-17,109	4,599	10,333	4,922	6,723	11,251	-11,311	4,439	7,357
Income/(loss) before income taxes
-101,151	17,042	7,146	-125	30,845	-47,926	-8,080	16,251	-29,106	21,989	1,400	4,316	-21,441	4,731	5,836	1,570	2,208	5,368	-12,392	971	3,477
Income tax expense/(benefit)
-23,799	4,658	1,554	-277	6,191	-7,274	-858	3,388	-6,734	6,247	67	-310	-8,424	1,103	1,807	305	661	1,469	-4,388	133	1,101
Net income/(loss)
-77,352	12,384	5,592	152	24,654	-40,652	-7,222	12,863	-22,372	15,742	1,333	4,626	-13,017	3,628	4,029	1,265	1,547	3,899	-8,004	838	2,376
Net income/(loss) attributable to noncontrolling interests
-3,997	1,362	-359	1,084	1,507	-337	157	1,039	-143	-58	-186	30	61	-19	70	246	-46	-290	-464	-17	-9
Net income/(loss) attributable to Associated Capital Group, Inc.'s shareholders
-73,355	11,022	5,951	-932	23,147	-40,315	-7,379	11,824	-22,229	15,800	1,519	4,596	-13,078	3,647	3,959	1,019	1,593	4,189	-7,540	855	2,385
Net income/(loss) attributable to Associated Capital Group, Inc.'s shareholders per share:
Basic (in dollars per share)
-3.27	0.50	0.26	-0.04	1.02	-1.76	-0.32	0.51	-0.95	0.67	0.06	0.19	-0.55	0.15	0.16	0.04	0.06	0.18	-0.30	0.03	0.09
Diluted (in dollars per share)
-3.27	0.50	0.26	-0.04	1.02	-1.76	-0.32	0.51	-0.95	0.67	0.06	0.19	-0.55	0.15	0.16	0.04	0.06	0.18	-0.30	0.03	0.09
Weighted average shares outstanding:
Basic (in shares)
22,441	22,486	22,514	22,552	22,584	22,713	22,979	23,080	23,508	23,690	23,841	23,808	23,829	24,845	24,918	24,854	24,863	24,404	24,947	25,065	25,132
Diluted (in shares)
22,441	22,486	22,514	22,552	22,584	22,713	22,979	23,080	23,508	23,989	23,841	24,041	23,829	25,115	25,219	25,189	25,177	24,667	25,241	25,358	25,414
Dividends declared (in dollars per share)
-	-	-	0.10	-	-	-	0.10	-	-	0.00	0.10	0.00	-	0.00	0.00	0.10	-	0.00	0.00	0.00
Investment Advisory and Incentive Fees [Member]
Total revenues
2,700	13,949	2,753	2,713	2,733	6,460	2,805	2,615	2,529	-	-	-	-	-	-	-	-	-	-	-	-
Revenue generated through hard dollar payments or through commissions on securities transactions executed on an agency basis on behalf of clients.
Total revenues
1,374	2,604	2,354	2,076	1,913	2,105	1,855	2,172	2,152	-	-	-	-	-	-	-	-	-	-	-	-
Other revenues include (a) underwriting fees include gains, losses, and fees, net of syndicate expenses, arising from public equity and debt offerings, and b) other miscellaneous revenues.
Total revenues
295	121	11	32	6	49	6	9	22	-	-	-	-	-	-	-	-	-	-	-	-