Ashford inc. (AINC)
Balance Sheet / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value

35,349

36,400

40,039

39,953

51,529

64,937

40,868

34,910

36,480

44,561

36,972

40,094

84,091

79,602

86,432

122,438

50,272

25,321

21,077

24,930

29,597

Restricted Cash and Cash Equivalents, Current

17,900

11,978

13,276

12,604

7,914

10,722

12,389

15,045

9,076

11,109

14,000

13,178

9,752

10,091

11,348

12,050

5,684

-

-

-

-

Restricted Investments

1,195

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,547

7,270

5,934

3,337

Investments in securities

-

-

-

-

-

-

-

-

-

0

0

16

91

7,153

3,147

2,226

81,072

116,176

138,030

2,978

0

Accounts Receivable, after Allowance for Credit Loss, Current

7,241

6,628

9,232

12,504

4,928

4,595

5,944

7,141

5,127

-

-

-

16

-

-

-

-

-

-

-

-

Due from Affiliate, Current

357

55

93

75

45

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Receivables

-

-

-

-

-

-

-

-

-

518

245

110

-

18

168

2,920

250

216

290

6

0

Inventories

1,642

1,356

1,504

1,537

1,202

1,221

1,229

1,137

1,066

-

-

-

0

-

-

-

-

-

-

-

-

Prepaid expenses and other

7,212

4,236

3,875

3,713

3,902

3,003

2,982

2,971

2,913

1,073

835

1,236

1,305

945

1,377

1,858

1,909

804

1,912

1,152

1,360

Other assets

-

-

-

-

-

-

-

-

-

128

66

-

-

-

-

-

-

-

-

-

-

Due from Ashford Trust OP, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,893

5,331

9,185

8,202

Due from Ashford Prime OP

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,441

2,404

2,829

2,546

Deferred tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

746

374

61

-

Other assets

77,292

67,321

74,721

76,833

76,809

90,447

77,221

72,676

69,746

70,159

66,234

69,791

111,251

105,669

109,613

151,628

148,864

158,144

176,688

47,075

45,042

Investments in unconsolidated entities

3,476

3,339

2,990

3,400

500

500

500

500

500

500

500

500

500

-

-

-

3,335

-

-

-

-

Investments in unconsolidated entities

-

-

-

-

-

-

-

-

-

-

-

-

-

500

500

500

-

2,456

4,434

-

0

Property and equipment, net

116,190

72,043

62,546

54,647

47,947

31,856

26,333

23,259

21,154

11,753

11,752

12,194

12,044

10,834

8,756

6,579

6,550

6,464

4,389

4,525

4,188

Operating lease right-of-use assets

31,699

21,522

21,597

26,151

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets

-

-

-

-

-

-

-

-

-

630

0

8,669

6,002

4,954

3,443

2,092

4,242

2,757

1,899

899

0

Goodwill

205,606

61,969

65,040

65,112

59,683

59,487

13,103

13,103

12,947

813

813

-

0

-

-

-

-

-

-

-

-

Intangible assets, net

347,961

193,766

189,742

192,755

193,194

196,171

9,230

9,472

9,713

157

166

-

0

-

-

-

-

-

-

-

-

Other assets

276

1,877

1,542

1,208

872

11,357

11,758

587

750

-

-

-

0

4,000

4,000

4,000

4,000

4,000

4,000

-

0

Assets

782,500

421,837

418,178

420,106

379,005

389,818

138,145

119,597

114,810

84,012

79,465

91,154

129,797

125,957

126,312

164,799

166,991

173,821

191,410

52,499

49,230

LIABILITIES
Current liabilities:
Accounts payable and accrued expenses

39,160

27,314

26,154

21,696

24,880

24,462

21,596

18,648

20,451

12,059

7,834

16,213

11,314

10,199

6,442

6,722

10,447

10,782

5,983

5,916

9,307

Dividends Payable, Current

4,725

2,910

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

2,791

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due to Related Parties, Current

1,011

1,353

726

1,176

2,032

493

5,834

3,999

4,272

-

-

-

-

1,398

3,709

1,719

-

760

521

428

1,313

Deferred income

233

211

138

68

148

122

-

-

459

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income

-

-

-

-

-

-

294

342

-

-

-

-

0

-

-

-

-

-

-

-

-

Liabilities associated with investments in securities

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3,019

105

983

13,418

26,673

366

0

Deferred Compensation Share-based Arrangements, Liability, Current

35

47

77

160

173

253

216

320

311

202

161

88

144

-

-

-

0

29

81

221

175

Notes payable, net

3,550

3,549

2,933

2,933

2,074

1,726

1,670

1,736

1,751

340

337

-

0

-

-

-

-

-

-

-

-

Finance lease liabilities

572

-

-

-

521

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

3,207

2,206

2,066

2,396

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

19,066

18,827

14,532

12,576

8,418

21,094

23,489

13,979

9,076

11,109

13,311

13,178

9,752

10,091

11,348

12,050

5,684

6,547

7,362

5,979

3,337

Total current liabilities

71,559

56,417

49,417

41,005

38,246

48,150

53,099

39,024

36,320

25,781

23,936

33,765

24,432

21,688

24,518

20,596

17,896

31,536

40,620

12,910

14,132

Accrued expenses

-

-

-

-

-

0

0

0

78

-

-

-

287

-

-

-

-

-

-

-

-

Deferred income

13,047

11,409

11,088

13,103

13,396

13,789

-

-

13,440

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability, net

69,521

31,656

-

-

31,506

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability, net

-

-

31,750

31,806

-

27,988

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income

-

-

-

-

-

-

-

-

-

11,488

10,462

5,249

-

3,649

2,381

1,643

629

344

-

-

0

Deferred compensation plan

4,694

4,831

6,347

11,108

10,401

15,268

13,094

19,420

18,948

12,397

10,472

12,218

8,934

10,027

10,521

9,593

11,205

13,352

18,364

24,990

19,780

Notes payable, net

33,033

25,126

21,925

21,672

15,037

16,568

11,321

11,534

9,956

20

76

-

0

-

-

-

-

-

-

-

-

Finance lease liabilities

41,482

-

-

-

140

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

28,519

19,340

19,546

23,767

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income

-

-

-

-

-

-

12,817

12,852

-

-

-

-

4,515

-

-

-

-

-

-

-

-

Other liabilities

430

-

2,670

1,902

0

-

-

-

-

68

57

46

-

284

188

165

385

212

71

0

0

Total liabilities

262,285

148,779

142,743

144,363

108,726

121,763

90,331

82,830

78,742

49,754

45,003

51,278

38,168

35,648

37,608

31,997

30,115

45,444

59,055

37,900

33,912

Commitments and contingencies (note 11)

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

MEZZANINE EQUITY
Convertible Preferred Stock

-

202,185

201,822

201,338

-

200,578

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Redeemable Noncontrolling Interest, Equity, Carrying Amount

4,131

3,641

3,615

3,810

3,531

3,778

4,852

4,662

5,111

251

211

244

1,480

215

225

206

240

286

393

535

424

Redeemable noncontrolling interest in subsidiary common stock

-

-

-

-

-

-

-

-

-

1,685

1,555

1,427

-

1,171

1,042

913

-

-

-

-

-

Equity [Abstract]
Series A cumulative preferred stock, no shares issued and outstanding at September 30, 2019 and December 31, 2018

-

0

0

0

-

0

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

Common stock, 100,000,000 shares authorized, $0.001 and $0.01 par value, 2,202,580 and 2,391,541 shares issued and outstanding at December 31, 2019 and December 31, 2018, respectively

2

26

25

25

24

24

21

21

21

20

20

20

20

20

20

20

20

20

20

20

20

Additional paid-in capital

285,825

296,213

289,821

287,129

280,159

277,452

257,303

255,037

249,695

242,830

241,102

239,761

237,796

236,639

235,067

232,881

234,716

233,831

231,051

229,284

228,003

Accumulated deficit

-244,084

-229,379

-219,965

-216,703

-214,242

-214,174

-215,435

-224,281

-219,396

-210,988

-209,029

-201,904

-200,439

-202,268

-202,668

-202,292

-202,546

-207,673

-210,232

-216,708

-213,042

Accumulated other comprehensive income (loss)

-216

-393

-293

-483

-498

-252

-348

-232

-135

-

-

-

0

-

-

-

-

-

-

-

-

Treasury stock, at cost, 1,638 shares and 0 shares at December 31, 2019 and December 31, 2018, respectively

1

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Treasury stock, at cost, 0 shares and 239 shares at December 31, 2016 and December 31, 2015, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

45

45

44

25

87

85

64

0

Total stockholders’ equity of the Company

41,396

66,467

69,588

69,968

65,443

63,050

41,541

30,545

30,185

31,862

32,093

37,877

37,377

34,346

32,374

30,565

32,165

26,091

20,754

12,532

14,981

Stockholders' Equity Attributable to Noncontrolling Interest

628

765

410

627

458

649

1,421

1,560

772

460

603

328

52,772

54,577

55,063

101,118

104,471

102,000

111,208

1,532

-87

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

42,024

67,232

69,998

70,595

65,901

63,699

42,962

32,105

30,957

32,322

32,696

38,205

90,149

88,923

87,437

131,683

136,636

128,091

131,962

14,064

14,894

Total liabilities and equity

782,500

421,837

418,178

420,106

379,005

389,818

138,145

119,597

114,810

84,012

79,465

91,154

129,797

125,957

126,312

164,799

166,991

173,821

191,410

52,499

49,230

Ashford Trust
Due from related parties

4,805

-

-

-

5,293

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Braemar
Due from related parties

1,591

-

-

-

1,996

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Ashford Trust OP
Due from related parties

-

4,444

4,872

4,416

-

-

-

-

13,346

-

-

-

-

-

-

-

-

-

-

-

-

Braemar OP
Due from related parties

-

2,224

1,830

2,031

-

-

-

-

1,738

-

-

-

-

-

-

-

-

-

-

-

-

Series B Preferred Stock
Convertible Preferred Stock

0

-

-

-

200,847

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series D Preferred Stock
Convertible Preferred Stock

474,060

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-