DS · Drive Shack Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $88.67M | $86.69M | $68.98M | - | $76.37M | $73.88M | $61.09M | - | $66.47M | $32.10M |
| Cost of Revenue | $4.99M | $5.79M | $3.36M | - | $3.70M | $3.15M | $2.10M | - | $2.17M | $829.0K |
| Gross Profit | $83.69M | $80.90M | $65.62M | - | $72.67M | $70.73M | $58.99M | - | $64.30M | $31.27M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $8.57M | $11.56M | $9.06M | - | $9.69M | $8.03M | $7.98M | - | $7.92M | $6.37M |
| Total Operating Expenses | $93.86M | $93.05M | $87.37M | - | $82.29M | $72.83M | $68.97M | - | $72.46M | $44.25M |
| D&A | $6.82M | $6.13M | $6.19M | - | $5.82M | $5.78M | $6.25M | - | $6.85M | $6.68M |
| Operating Income | ($5.19M) | ($6.36M) | ($18.39M) | - | ($5.92M) | $1.05M | ($7.88M) | - | ($6.00M) | ($12.15M) |
| Interest Expense | $2.61M | $3.55M | $2.65M | - | $2.62M | $2.77M | $2.65M | - | $2.90M | $2.64M |
| Income Tax | $472.0K | $868.0K | $721.0K | - | $616.0K | $450.0K | $495.0K | - | $498.0K | $500.0K |
| Net Income | ($7.15M) | ($9.43M) | ($18.97M) | - | ($8.85M) | ($1.97M) | ($10.90M) | - | ($10.81M) | ($40.92M) |
| EPS - Basic | ($0.09) | ($0.12) | ($0.22) | - | ($0.11) | ($0.04) | ($0.15) | - | ($0.16) | ($0.61) |
| EPS - Diluted | ($0.09) | ($0.12) | ($0.22) | - | ($0.11) | ($0.04) | ($0.15) | - | ($0.16) | ($0.61) |
Balance Sheet
| Line item | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $11.65M | $22.68M | $44.07M | $58.29M | $63.87M | $81.43M | $85.94M | $47.79M | $13.31M | $12.64M |
| Accounts Receivable | $5.85M | $5.73M | $5.41M | $5.56M | $4.08M | $4.58M | $5.14M | $4.45M | $3.67M | $3.65M |
| Inventory | $2.92M | $2.79M | $2.66M | $2.23M | $2.11M | $1.95M | $2.01M | $1.95M | $2.17M | $2.53M |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $59.02M | $66.00M | $88.69M | $100.85M | $103.41M | $115.22M | $114.96M | $72.12M | $54.79M | $53.20M |
| Total Assets | $455.69M | $458.04M | $479.72M | $482.79M | $484.48M | $495.84M | $499.86M | $457.05M | $449.49M | $457.07M |
| Current Liabilities | $109.83M | $105.45M | $109.23M | $110.73M | $91.26M | $94.60M | $94.82M | $101.98M | $106.17M | $105.70M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $468.36M | $461.04M | $470.90M | $452.94M | $443.66M | $446.33M | $447.48M | $447.02M | $449.86M | $448.40M |
| Stockholders' Equity | ($15.43M) | ($5.06M) | $7.34M | $28.40M | $39.79M | $8.67M | $52.38M | $10.04M | ($375.0K) | $8.67M |
| Retained Earnings | ($3.31B) | ($3.30B) | ($3.29B) | ($3.27B) | ($3.26B) | ($3.25B) | ($3.24B) | ($3.23B) | ($3.24B) | ($3.23B) |
Cash Flow
| Line item | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($2.46M) | - | - | - | ($7.56M) | - | - | - |
| Investing Cash Flow | - | - | ($8.18M) | - | - | - | ($6.54M) | - | - | - |
| Financing Cash Flow | - | - | ($3.65M) | - | - | - | $52.85M | - | - | - |
| CapEx | - | - | $10.96M | - | - | - | $6.54M | - | - | - |
| Free Cash Flow | - | - | ($13.43M) | - | - | - | ($14.10M) | - | - | - |
Ratios
| Metric | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 94.4% | 93.3% | 95.1% | - | 95.2% | 95.7% | 96.6% | - | 96.7% | 97.4% |
| Operating margin | -5.9% | -7.3% | -26.7% | - | -7.8% | 1.4% | -12.9% | - | -9.0% | -37.8% |
| EBITDA margin | 1.8% | -0.3% | -17.7% | - | -0.1% | 9.3% | -2.7% | - | 1.3% | -17.0% |
| Net margin | -8.1% | -10.9% | -27.5% | - | -11.6% | -2.7% | -17.8% | - | -16.3% | -127.5% |
| Free cash flow margin | - | - | -19.5% | - | - | - | -23.1% | - | - | - |
| FCF / Net income | - | - | 0.71 | - | - | - | 1.29 | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 9.7% | 13.3% | 13.1% | - | 12.7% | 10.9% | 13.1% | - | 11.9% | 19.8% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -1.6% | -2.1% | -4.0% | - | -1.8% | -0.4% | -2.2% | - | -2.4% | -9.0% |
| Return on equity | 46.3% | 186.3% | -258.3% | - | -22.2% | -22.7% | -20.8% | - | 2881.9% | -472.1% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.54 | 0.63 | 0.81 | 0.91 | 1.13 | 1.22 | 1.21 | 0.71 | 0.52 | 0.50 |
| Quick ratio | 0.51 | 0.60 | 0.79 | 0.89 | 1.11 | 1.20 | 1.19 | 0.69 | 0.50 | 0.48 |
| Cash ratio | 0.11 | 0.22 | 0.40 | 0.53 | 0.70 | 0.86 | 0.91 | 0.47 | 0.13 | 0.12 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -2.0x | -1.8x | -7.0x | - | -2.3x | 0.4x | -3.0x | - | -2.1x | -4.6x |
| Equity multiplier | -29.53 | -90.45 | 65.34 | 17.00 | 12.18 | 57.20 | 9.54 | 45.54 | -1198.64 | 52.73 |
| Liabilities / Assets | 1.03 | 1.01 | 0.98 | 0.94 | 0.92 | 0.90 | 0.90 | 0.98 | 1.00 | 0.98 |
| Efficiency | ||||||||||
| Asset turnover | 0.19 | 0.19 | 0.14 | - | 0.16 | 0.15 | 0.12 | - | 0.15 | 0.07 |
| Inventory turnover | 1.71 | 2.07 | 1.26 | - | 1.75 | 1.61 | 1.05 | - | 1.00 | 0.33 |
| Days sales outstanding | 24d | 24d | 29d | - | 20d | 23d | 31d | - | 20d | 42d |
| Days inventory outstanding | 214d | 176d | 289d | - | 208d | 226d | 349d | - | 366d | 1113d |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 16.1% | 17.3% | 12.9% | - | 14.9% | 130.2% | -0.1% | - | -11.0% | -55.2% |
| Revenue CAGR (3y) | 5.9% | 6.6% | 1.1% | - | -4.4% | -6.7% | -2.9% | - | -6.6% | -26.7% |
| Revenue CAGR (5y) | 1.7% | 1.3% | 3.1% | - | 9.5% | 9.0% | 9.5% | - | 6.1% | -8.0% |
| Gross profit growth (YoY) | 15.2% | 14.4% | 11.2% | - | 13.0% | 126.2% | 2.6% | - | -9.2% | -53.8% |
| Operating income growth (YoY) | 12.3% | - | -133.5% | - | 1.3% | - | 46.9% | - | 65.4% | -5.1% |
| Net income growth (YoY) | 19.2% | -379.1% | -73.9% | - | 18.1% | 95.2% | 41.9% | - | 19.4% | -185.1% |
| EPS growth (YoY) | 18.2% | -200.0% | -46.7% | - | 31.3% | 93.4% | 46.4% | - | 20.0% | -190.5% |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | 4.8% | - | - | - | -54.1% | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | -86.0% | 182.9% | - | 0.0% | 9.3% | -84.7% | - | -91.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$281.86M totalTraditional Golf Segment$236.75M · 84.0%
Entertainment Golf Segment$45.05M · 16.0%
Corporate$63.0K · 0.0%
Product / service
$899.99M totalGolf Operations$232.56M · 25.8%
Public Golf Properties$118.60M · 13.2%
Golf Course Operations Public Golf Properties$100.57M · 11.2%
Golf Course Operations Managed Golf Properties$62.34M · 6.9%
Managed Golf Properties$62.34M · 6.9%
Private Golf Properties$55.81M · 6.2%
Management Contract Reimbursements$54.40M · 6.0%
Food And Beverage$49.30M · 5.5%
Golf Course Operations Private Golf Properties$49.16M · 5.5%
Entertainment Golf Venues$45.05M · 5.0%
Foodand Beverage Entertainment Golf Venues$24.62M · 2.7%
Golf Course Operations Entertainment Golf Venues$20.43M · 2.3%
Foodand Beverage Public Golf Properties$18.03M · 2.0%
Foodand Beverage Private Golf Properties$6.65M · 0.7%
Corporate Golf Properties$63.0K · 0.0%
Golf Course Operations Corporate$63.0K · 0.0%
Peer comparison
Same SIC group: Retail-Eating & Drinking Places
Comparing Drive Shack Inc. against the 5 most active filers in the same SIC group.