Summary - Funding Rounds

Founding Date

1984

Morgans Hotel Group Income Statement

Annual

USDFY, 2013FY, 2014Y, 2015FY, 2015

Revenue

236.5m235.0m220.0m220.0m

Revenue growth, %

(1%)(6%)

Operating expense total

238.4m208.1m

Depreciation and amortization

27.4m22.4m

EBIT

(1.9m)1.5m11.9m11.9m

EBIT margin, %

(1%)1%5%5%

Interest expense

46.0m54.3m48.1m48.1m

Interest income

48.1m

Pre tax profit

(43.4m)(28.1m)

Income tax expense

716.0k1.5m(50.2m)(50.2m)

Net Income

(44.1m)(50.0m)22.1m22.1m

Morgans Hotel Group Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015

Cash

10.0m13.5m45.9m

Accounts Receivable

18.4m10.5m8.0m

PP&E

292.6m277.8m265.7m

Goodwill

66.6m54.1m54.1m

Total Assets

571.2m551.2m561.8m

Accounts Payable

42.4m33.6m

Long-term debt

559.9m605.7m606.4m

Total Debt

559.9m606.4m

Total Liabilities

749.7m771.2m

Additional Paid-in Capital

252.8m241.0m236.7m

Retained Earnings

(462.0m)(517.6m)(499.8m)

Debt to Assets Ratio

1.1 x

Morgans Hotel Group Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015

Net Income

(44.1m)(50.0m)22.1m

Depreciation and Amortization

20.3m28.9m19.3m

Accounts Receivable

(3.9m)4.6m2.0m

Accounts Payable

7.8m(581.0k)

Cash From Operating Activities

(3.1m)(3.9m)5.7m

Purchases of PP&E

(9.5m)(5.3m)(7.1m)

Cash From Investing Activities

(7.4m)(18.9m)28.5m

Cash From Financing Activities

14.7m26.2m(1.8m)

Interest Paid

36.6m44.4m40.7m

Income Taxes Paid

150.0k1.0m84.0k

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Net Income

(38.1m)(23.9m)(33.4m)(43.5m)(12.8m)(19.5m)(27.0m)(8.9m)(14.7m)(23.1m)

Depreciation and Amortization

15.2m5.0m9.9m14.9m4.8m9.6m14.4m4.9m9.7m14.6m

Accounts Receivable

(2.8m)(1.2m)(2.2m)2.6m(565.0k)454.0k136.0k799.0k560.0k307.0k

Accounts Payable

4.5m3.6m4.3m(1.5m)(3.2m)86.0k(599.0k)2.0m9.0m

Cash From Operating Activities

(3.6m)(1.1m)(3.5m)(5.2m)(5.7m)(7.2m)(4.7m)(2.9m)(1.9m)266.0k

Purchases of PP&E

(9.1m)(1.0m)(2.1m)(3.9m)(577.0k)(1.7m)(4.6m)(897.0k)(2.0m)(3.5m)

Cash From Investing Activities

(8.1m)(11.2m)(3.4m)(2.2m)30.9m27.7m31.4m(1.1m)(2.5m)(4.8m)

Cash From Financing Activities

13.5m131.4m129.8m93.7m(593.0k)(1.0m)(1.4m)(30.0m)(30.4m)(30.8m)

Interest Paid

26.3m12.6m24.1m34.8m10.2m20.5m30.9m10.3m20.3m30.4m

Income Taxes Paid

150.0k532.0k552.0k564.0k532.0k1.0k1.0k25.0k477.0k470.0k

Morgans Hotel Group Employee Rating

2.8103 votes
Culture & Values
2.8
Work/Life Balance
2.8
Senior Management
2.4
Salary & Benefits
2.8
Career Opportunities
2.6
Source