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Ashford Inc. (AINC)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   8-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    REIT Advisory   74.670.284.791.968.9  
    Ashford Trust OP        51.0 
    Premier   12.411.630.610.6   
    Corporate and Other   24.017.07.710.93.2  
    Other   273.5194.6164.082.29.516.6 
Total revenues   [+]644.4384.6293.4287.0195.581.667.659.0
            Revenue growth   [+]67.6%31.1%2.2%46.8%139.7%20.7%14.6%241.2%
Cost of goods sold  73.065.357.259.745.349.352.441.4
Gross profit  571.4319.3236.2227.4150.232.215.217.5
            Gross margin  88.7%83.0%80.5%79.2%76.8%39.5%22.4%29.7%
Selling, general and administrative   [+]33.526.320.433.527.68.916.518.1
Equity in earnings  0.4-0.10.2-0.3    
Other operating expenses  516.4264.5211.0180.6113.730.8  
EBITDA   [+] 34.310.819.614.4-6.5-1.3-0.6
            EBITDA margin  3.4%8.9%3.7%6.8%7.4%-8.0%-1.9%-0.9%
Depreciation   12.918.015.08.02.81.20.8
EBITA  22.021.4-7.24.66.4-9.3-2.5-1.4
            EBITA margin  3.4%5.6%-2.4%1.6%3.3%-11.4%-3.6%-2.3%
Amortization of intangibles   25.627.716.15.30.2  
EBIT   [+]22.0-4.2-34.9-11.51.1-9.5-2.5-1.4
            EBIT margin  3.4%-1.1%-11.9%-4.0%0.6%-11.6%-3.6%-2.3%
Non-recurring items   [+] 1.2188.8 1.91.1  
Interest expense, net   [+]9.64.95.42.00.6-0.2-0.1-0.4
Other income (expense), net   [+]-0.9-0.8-1.0-0.3-1.1-0.1-9.2-9.0
Pre-tax income  11.5-11.0-230.0-13.8-2.5-10.5-11.6-10.0
Income taxes  8.5-0.2-14.31.5-10.49.70.82.1
            Tax rate  74.5%1.5%6.2% 407.4%   
Minority interest   0.71.20.50.9   
Net income  3.6-46.0-247.3-30.25.0-18.4-2.4-12.0
            Net margin  0.6%-12.0%-84.3%-10.5%2.6%-22.5%-3.5%-20.4%
   
Basic EPS   [+]$1,250.77($16.68)($108.30)($12.51)$2.30($9.04)($1.19)($6.05)
Diluted EPS   [+]$1,250.77($16.68)($108.30)($4.00)$2.14($8.88)($1.08)($5.47)
   
Shares outstanding (basic)   [+]0.02.82.32.42.22.02.02.0
Shares outstanding (diluted)   [+]0.02.82.37.62.32.12.22.2
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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