DRIVE SHACK INC. DS Income Statement

Drive shack inc. (DS)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Revenues
Net interest income
-	-	-	-	-	-	135,111	174,715	154,261	128,053	143,456
Valuation allowance on loans
-	-	-	-	-	-	-25,035	-24,587	-15,163	-339,887	15,007
Other-than-temporary impairment on securities and other investments
-	-	-	-	-	-	5,222	19,359	-	-	-
Portion of other-than-temporary impairment on securities recognized in other comprehensive income (loss), net of the reversal of other comprehensive loss into net income (loss)
-	-	-	-	-	-	44	-436	-	-	-
Other-than-temporary impairment on securities
-	-	-	-	-	-	-	-	12,955	101,398	603,768
Impairment of long-lived assets
-	-	-	-	-	-	-	-	-	0	-
Portion of other-than-temporary impairment on securities recognized in other comprehensive income (loss), net of the reversal of other comprehensive loss into net income (loss)
-	-	-	-	-	-	-	-	2,885	-2,369	-70,235
Total impairment
-	-	-	-	-	-	19,769	5,664	-677	240,858	-548,540
Net interest income after impairment
-	-	-	-	-	-	154,880	180,379	-	-	-
Revenues
Net interest income (loss) after impairment/reversal
-	-	-	-	-	-	-	-	153,584	368,911	-405,084
Rental income
-	-	-	-	-	-	-	-	-	1,708	-
Golf course operations
-	-	-	-	224,419	222,983	0	-	-	-	-
Sales of food and beverages
-	-	-	-	71,437	68,554	0	-	-	-	-
Total revenues
272,064	314,369	292,594	298,880	295,856	291,537	-	-	-	-	-
Operating costs
Operating costs
Realized and unrealized (gain) loss on investments
-	-	-	-	22,264	69,593	17,436	232,897	78,181	52,307	11,438
Operating expenses
229,306	251,794	232,796	338,054	318,097	276,220	49,376	39,110	30,233	30,901	31,901
Operating expenses
-	-	-	239,021	254,553	263,338	-	-	-	-	-
Loan and security servicing expense
-	-	-	-	-	-	3,857	4,260	4,649	4,580	5,034
Property operating expenses
-	-	-	-	-	-	-	-	-	1,283	-
Operating expenses - golf
-	-	-	-	-	-	0	-	-	-	-
Cost of sales - food and beverages
15,217	20,153	20,959	21,593	22,549	21,037	0	-	-	-	-
General and administrative expense
47,976	38,560	31,413	29,174	12,037	15,851	17,458	11,239	7,295	7,707	8,899
Management fee and termination payment to affiliate - Note 13
-	-	-	-	10,692	-	-	-	-	-	-
Management fee and termination payment to affiliate
0	0	21,410	10,704	-	21,039	28,057	23,611	18,289	17,252	17,968
Depreciation and amortization
22,396	19,704	24,304	26,496	28,634	26,967	4	-	-	79	-
Pre-opening costs
9,040	2,483	320	0	-	-	-	-	-	-	-
Impairment and other losses
15,413	8,240	60	10,381	-	-	-	-	-	-	-
Impairment
-	-	-	-	11,896	-2,419	-	-	-	-	-
Gain (Loss) on Investments, Excluding Other than Temporary Impairments
0	131	-6,243	-685	-	-	-	-	-	-	-
Total operating costs
339,348	340,803	337,505	-	-	-	-	-	-	-	-
Operating loss
-67,284	-26,434	-44,911	-39,174	-22,241	15,317	-	-	-	-	-
Other income (expenses)
Other golf revenue
-	-	-	-	-	-	0	-	-	-	-
Total operating revenues
-	-	-	-	-	-	0	-	-	-	-
Care and ancillary income
-	-	-	-	-	-	-	-	-	0	-
Total other revenues
-	-	-	-	-	-	-	-	-	1,708	-
Other income (expenses)
Interest and investment income
955	1,794	23,162	91,291	95,891	127,627	213,712	282,951	292,296	300,272	361,866
Interest expense, net
-8,760	-16,639	-19,581	-52,868	-62,129	-	-	-	-	-	-
Interest expense
-	-	-	-	-	80,022	78,601	108,236	138,035	172,219	218,410
Gain (loss) on extinguishment of debt
-	-	-	-	15,306	-3,410	4,565	24,085	66,110	265,656	215,279
Deconsolidation, Gain (Loss), Amount
-	-	-	82,130	0	0	-	-	-	-	-
Other income, net
20,876	2,880	94	-3,854	-5,574	8,279	13,289	5,394	-8,501	-35,676	682
Total other income (expenses)
13,071	-11,965	3,675	116,699	43,494	52,474	35,290	262,376	135,790	282,287	227,399
Loss before income tax
-54,213	-38,399	-41,236	77,525	21,253	67,791	140,794	403,645	-	-	-
Income tax expense
641	284	965	189	345	208	0	-	-	-	-
(Loss) Income from continuing operations
-	-	-	-	20,908	67,583	140,794	403,645	259,141	622,005	-209,586
Income from discontinued operations, net of tax - Note 3
-	-	-	-	646	-35,189	-	-	306	-343	-318
Income from discontinued operations, net of tax
-	-	-	-	-	-	11,547	30,465	-	-	-
Net Loss
-54,854	-38,683	-42,201	77,336	21,554	32,394	152,341	434,110	-	-	-
Net Income
-	-	-	-	-	-	-	-	259,447	621,662	-209,904
Preferred dividends
5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	7,453	13,501
Net (income) attributable to noncontrolling interest
-	-	-	257	-293	-852	928	0	-	-	-
Excess of carrying amount of exchanged preferred stock over fair value of consideration paid
-	-	-	-	-	-	-	-	0	43,043	0
Loss Applicable to Common Stockholders
-60,434	-44,263	-47,781	71,499	16,267	27,666	145,833	428,530	253,867	657,252	-223,405
Loss Applicable to Common Stock, per share
Loss Applicable to Common Stock, per share
Basic (in dollars per share)
-0.90	-0.66	-0.71	1.07	0.24	0.45	3.16	17.84	3.09	10.96	-4.23
Diluted (in dollars per share)
-0.90	-0.66	-0.71	1.04	0.24	0.44	3.09	17.64	3.09	10.96	-4.23
Weighted Average Number of Shares of Common Stock Outstanding
Basic (in dollars per share)
-	-	-	-	0.23	1.02	2.91	16.57	3.09	10.97	-4.22
Diluted (in dollars per share)
-	-	-	-	0.23	1.00	2.84	16.39	3.09	10.97	-4.22
Basic (in dollars per share)
-	-	-	-	0.01	-0.57	0.25	1.27	0.00	-0.01	-0.01
Diluted (in dollars per share)
-	-	-	-	0.01	-0.57	0.24	1.25	0.00	-0.01	-0.01
Weighted Average Number of Shares of Common Stock Outstanding
Basic (in shares)
67,039	66,993	66,903	66,709	66,479	61,500	46,146	24,024	81,983	59,948	52,863
Diluted (in shares)
67,039	66,993	66,903	68,788	68,647	63,131	47,218	24,294	81,990	59,948	52,863
Dividends Declared per Share of Common Stock (in dollars per share)
-	-	-	-	-	-	-	-	0.40	0.00	0.00
Golf operations
Total revenues
216,497	244,646	221,737	226,255	-	-	-	-	-	-	-
Sales of food and beverages
Total revenues
55,567	69,723	70,857	72,625	-	-	-	-	-	-	-