DRIVE SHACK INC. DS Income Statement

Drive shack inc. (DS)

Income statement / TTM

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	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues
Total revenues
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	71,712	89,510	120,771	135,111	143,330	160,935	168,603	174,715	179,788	175,058	164,957	154,261	150,730	141,966	0	0	0
Valuation allowance on loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-14,805	-23,788	-26,023	-25,035	-27,900	-10,808	-13,322	-24,587	14,895	28,445	17,113	-15,163	-143,578	-252,756	0	0	0
Other-than-temporary impairment on securities and other investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	817	1,370	4,800	5,222	7,258	6,469	13,898	19,359	0	0	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)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	-553	-73	44	1,521	3,230	3,613	-436	0	0	0	-	-	-	-	-	-
Other-than-temporary impairment on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,955	18,049	46,437	0	0	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	5,587	22,232	0	0	0
Total impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	13,988	22,971	21,296	19,769	19,121	1,109	-4,189	5,664	-31,733	-48,369	-30,803	-677	119,942	184,087	0	0	0
Net interest income after impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	85,700	112,481	142,067	154,880	0	0	0	-	-	-	-	-	-	-	-	-	-
Revenues
Net interest income (loss) after impairment/reversal
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	148,055	126,689	134,154	153,584	270,672	326,053	0	0	0
Rental income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	-	-	-	-
Care and ancillary income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Golf course operations
-	-	-	-	-	-	-	-	-	-	-	-	223,954	-	261,987	248,156	234,062	224,419	219,434	220,430	222,165	222,983	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales of food and beverages
-	-	-	-	-	-	-	-	-	-	-	-	71,909	-	72,532	72,654	71,986	71,437	70,212	69,048	68,027	68,554	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues
-	-	-	-	-	-	-	-	-	292,594	291,268	292,739	295,863	298,880	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating costs
Operating costs
Realized and unrealized (gain) loss on investments
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	22,264	43,684	54,615	68,274	69,593	61,517	55,142	19,773	17,436	6,463	234,314	228,071	232,897	235,732	12,129	48,912	78,181	74,200	77,518	0	0	0
Operating expenses
-	-	237,665	240,274	-	251,794	247,325	238,718	237,855	232,796	334,204	330,574	333,167	338,054	318,266	326,413	324,651	318,097	259,730	262,527	266,660	276,220	217,075	164,393	103,902	49,376	98,844	77,554	57,777	39,110	48,563	36,375	31,970	30,233	28,605	29,019	0	0	0
Operating expenses
0	-	226,940	233,816	0	-	251,626	244,680	239,666	-	219,272	225,139	231,311	239,021	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan and security servicing expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	2,318	3,067	3,680	3,857	3,967	4,113	4,196	4,260	4,447	4,591	4,687	4,649	4,574	4,698	0	0	0
Property operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	-	-	-	-
Operating expenses - golf
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of sales - food and beverages
16,174	15,217	15,198	16,522	18,811	20,153	20,610	21,151	20,967	20,959	20,216	20,521	21,028	21,593	15,685	18,501	21,093	22,549	21,857	21,435	21,134	21,037	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative expense
46,175	47,976	46,932	44,326	40,987	38,560	38,289	36,328	33,118	31,413	41,559	37,059	33,724	29,174	13,309	13,497	13,261	12,037	13,464	12,720	14,000	15,851	5,727	11,945	17,116	17,458	23,286	17,956	12,859	11,239	13,793	11,172	7,980	7,295	6,460	7,061	0	0	0
Management fee and termination payment to affiliate
-	-	-	-	-	-	-	-	-	21,410	10,709	10,707	10,706	10,704	10,702	10,701	10,699	-	12,203	15,192	17,814	21,039	20,031	21,533	24,385	28,057	31,031	30,717	28,200	23,611	22,435	20,152	19,076	18,289	17,571	17,260	0	0	0
Depreciation and amortization
24,266	22,396	21,115	19,887	19,080	19,704	20,710	22,402	24,059	24,304	25,198	25,746	26,258	26,496	26,901	27,277	27,912	28,634	28,566	28,659	27,857	26,967	3,561	4,035	1,788	4	0	0	0	-	0	0	0	-	0	-	-	-	-
Pre-opening costs
8,413	9,040	7,664	3,559	2,106	2,483	2,177	2,073	1,876	320	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment and other losses
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment and other losses
-	-	-	10,973	-	-	-	1,501	1,533	60	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Investments, Excluding Other than Temporary Impairments
-	-	-	-	-	-	-	-	-2,612	-6,243	-10,182	-3,892	-2,067	-685	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating costs
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating loss
-63,848	-67,284	-57,139	-47,011	-32,427	-26,434	-36,549	-33,670	-42,451	-44,911	-42,936	-37,835	-37,304	-39,174	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income (expenses)
Other golf revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	174,980	117,856	49,132	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Care and ancillary income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	-	-	-	-
Total other revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	-	-	-	-
Other income (expenses)
Interest and investment income
741	955	1,212	1,488	1,692	1,794	1,843	9,794	15,720	23,162	40,222	64,114	78,140	91,291	95,308	86,008	89,852	95,891	98,091	102,625	108,253	127,627	145,959	165,901	198,832	213,712	228,791	254,252	269,384	282,951	299,359	298,805	294,992	292,296	299,779	301,569	0	0	0
Interest expense, net
-9,352	-8,760	-9,708	-11,937	-14,743	-16,639	-17,186	-17,666	-18,196	-19,581	-29,114	-37,482	-44,768	-52,868	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	67,505	71,201	74,579	80,022	74,247	76,391	78,061	78,601	85,461	93,317	100,781	108,236	119,571	123,747	130,035	138,035	149,049	159,603	0	0	0
Gain (loss) on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	-	4,565	5,523	4,509	4,548	24,085	28,835	42,407	75,811	66,110	107,026	137,837	0	0	0
Deconsolidation, Gain (Loss), Amount
-	-	-	-	-	-	-	-	-	-	-	-	-	82,130	82,130	82,130	82,130	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in earnings of Local Media Group
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Change in fair value of investments in excess mortgage servicing rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	-	-	-
Change in fair value of investments in equity method investees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
Other income, net
15,755	20,876	22,993	12,600	8,774	2,880	-7,435	-4,181	-189	94	-4,821	-4,518	-4,297	-3,854	-6,595	-6,823	-4,740	-5,574	-12,372	-7,794	-5,709	8,279	26,746	23,854	22,196	13,289	13,298	13,759	6,991	5,394	5,725	550	-5,866	-8,501	-21,404	-20,951	0	0	0
Total other income (expenses)
7,144	13,071	14,497	2,151	-4,277	-11,965	-22,778	-12,053	-2,665	3,675	6,287	22,114	29,075	116,699	119,783	112,093	132,948	43,494	24,202	24,833	37,167	52,474	84,853	78,945	45,328	35,290	24,068	251,366	238,394	262,376	271,508	56,302	120,073	135,790	159,822	194,404	0	0	0
Loss before income tax
-56,704	-54,213	-42,642	-44,860	-36,704	-38,399	-59,327	-45,723	-45,116	-41,236	-36,649	-15,721	-8,229	77,525	92,267	80,967	95,539	21,253	19,833	24,610	47,148	67,791	128,458	144,889	132,625	140,794	0	0	0	-	-	-	-	-	-	-	-	-	-
Income tax expense
941	641	484	284	284	284	-82	-84	426	965	1,092	1,056	684	189	-841	454	343	345	1,394	137	114	208	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Loss) Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,908	18,439	24,473	47,034	67,583	128,314	144,745	132,485	140,794	130,463	362,345	358,022	403,645	380,095	147,640	222,766	259,141	401,889	491,438	0	0	0
Income from discontinued operations, net of tax - Note 3
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,732	6,909	479	306	364	226	0	0	0
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-55,488	-47,985	-13,900	11,547	0	0	0	-	-	-	-	-	-	-	-	-	-
Net Loss
-57,616	-54,854	-43,088	-45,144	-36,988	-38,683	-59,245	-45,639	-45,542	-42,201	-37,741	-16,777	-8,913	77,336	93,108	80,520	95,727	21,554	16,323	13,726	27,259	32,394	72,826	96,760	118,585	152,341	0	0	0	-	-	-	-	-	-	-	-	-	-
Net Income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	397,827	154,549	223,245	259,447	402,253	491,664	0	0	0
Preferred dividends
5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	0	0	0
Net (income) attributable to noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	257	89	-75	-236	-293	-358	-392	-372	-852	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess of carrying amount of exchanged preferred stock over fair value of consideration paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Loss Applicable to Common Stockholders
-63,196	-60,434	-48,668	-50,724	-42,568	-44,263	-64,825	-51,219	-51,122	-47,781	-43,413	-22,626	-14,874	71,499	87,439	75,015	90,383	16,267	11,101	8,538	22,051	27,666	67,029	90,942	112,738	145,833	172,379	416,356	393,072	428,530	392,247	148,969	217,665	253,867	396,673	486,084	0	0	0
Loss Applicable to Common Stock, per share
Loss Applicable to Common Stock, per share
Basic (in dollars per share)
-0.28	-0.25	-0.20	-0.21	-0.24	-0.08	-0.23	-0.09	-0.26	-0.38	-0.03	-0.09	-0.21	-0.31	0.28	0.02	1.08	-0.09	0.10	0.26	-0.03	-0.19	0.06	0.52	0.06	2.23	0.57	0.20	0.16	15.30	1.65	0.21	0.68	-0.22	0.35	1.23	1.73	2.61	1.90
Diluted (in dollars per share)
-0.28	-0.25	-0.20	-0.21	-0.24	-0.08	-0.23	-0.09	-0.26	-0.38	-0.03	-0.09	-0.21	-0.30	0.27	0.02	1.05	-0.07	0.09	0.25	-0.03	-0.18	0.06	0.50	0.06	2.18	0.56	0.20	0.15	15.12	1.63	0.21	0.68	-0.22	0.35	1.23	1.73	2.61	1.90
Weighted Average Number of Shares of Common Stock Outstanding
Basic (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.09	0.10	0.25	-0.03	-0.17	0.20	0.67	0.32	2.11	0.59	0.10	0.11	14.13	1.59	0.17	0.68	-0.22	0.35	1.23	1.73	2.61	1.90
Diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.07	0.09	0.24	-0.03	-0.16	0.20	0.65	0.31	2.05	0.58	0.10	0.11	13.97	1.57	0.17	0.68	-0.22	0.35	1.23	1.73	2.61	1.90
Basic (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.01	0.00	-0.02	-0.14	-0.15	-0.26	0.12	-0.02	0.10	0.05	1.17	0.06	0.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.01	0.00	-0.02	-0.14	-0.15	-0.26	0.12	-0.02	0.10	0.04	1.15	0.06	0.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Weighted Average Number of Shares of Common Stock Outstanding
Basic (in shares)
67,069	67,060	67,040	67,029	67,027	67,027	66,992	66,977	66,977	66,964	66,932	66,874	66,841	66,773	66,730	66,681	66,654	66,580	66,484	66,426	66,424	66,499	62,329	58,599	58,575	-358,673	48,895	259,228	235,136	-307,436	164,237	134,115	105,181	105,626	80,425	79,282	62,602	62,024	62,010
Diluted (in shares)
67,069	67,060	67,040	67,029	67,027	67,027	66,992	66,977	66,977	66,964	66,932	66,874	66,841	68,896	69,072	68,899	68,284	69,892	69,069	69,204	66,424	67,670	63,865	60,477	60,511	-366,773	50,171	265,396	240,079	-310,094	166,429	135,172	105,670	105,626	80,441	79,282	62,611	62,024	62,010
Dividends Declared per Share of Common Stock (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	0.00	-	0.12	0.00	0.12	-	0.12	0.12	0.12	-	0.60	0.60	0.60	-	0.60	0.17	0.22	-	0.22	0.20	0.20	0.15	0.15	0.10	0.00	0.00	0.00
Golf operations
Total revenues
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Food and beverages
Total revenues
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-