Summary - Funding Rounds
Founding Date | 1984 |
Morgans Hotel Group Income Statement
Annual
| USD | FY, 2013 | FY, 2014 | Y, 2015 | FY, 2015 |
|---|---|---|---|---|
Revenue | 236.5m | 235.0m | 220.0m | 220.0m |
Revenue growth, % | (1%) | (6%) | ||
Operating expense total | 238.4m | 208.1m | ||
Depreciation and amortization | 27.4m | 22.4m | ||
EBIT | (1.9m) | 1.5m | 11.9m | 11.9m |
EBIT margin, % | (1%) | 1% | 5% | 5% |
Interest expense | 46.0m | 54.3m | 48.1m | 48.1m |
Interest income | 48.1m | |||
Pre tax profit | (43.4m) | (28.1m) | ||
Income tax expense | 716.0k | 1.5m | (50.2m) | (50.2m) |
Net Income | (44.1m) | (50.0m) | 22.1m | 22.1m |
Quarterly
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 58.3m | 55.6m | 61.4m | 55.5m | 53.3m | 56.2m | 53.2m | 51.0m | 52.9m | 48.4m |
Operating expense total | 57.8m | 64.7m | 59.5m | 53.7m | 52.4m | 51.3m | 50.6m | 49.8m | 50.0m | 47.9m |
Depreciation and amortization | 7.1m | 8.4m | 6.7m | 6.8m | 5.6m | 5.6m | 5.7m | 5.6m | 5.7m | |
EBIT | 445.0k | (9.1m) | 2.0m | 1.8m | 952.0k | 4.9m | 2.6m | 1.3m | 2.9m | 544.0k |
EBIT margin, % | 1% | (16%) | 3% | 3% | 2% | 9% | 5% | 2% | 5% | 1% |
Interest expense | 11.6m | 16.0m | 12.9m | 13.0m | 11.8m | 12.0m | 12.1m | 11.2m | 10.3m | 10.5m |
Pre tax profit | (10.2m) | (23.8m) | (9.4m) | (10.0m) | (6.5m) | (7.4m) | (8.8m) | (5.7m) | (8.2m) | |
Income tax expense | 105.0k | 163.0k | 66.0k | 122.0k | 126.0k | 169.0k | 156.0k | 128.0k | 133.0k | 117.0k |
Net Income | (10.3m) | (23.9m) | (9.5m) | (10.1m) | (12.8m) | (6.7m) | (7.5m) | (8.9m) | (5.8m) | (8.3m) |
Morgans Hotel Group Balance Sheet
Annual
| USD | FY, 2013 | FY, 2014 | FY, 2015 |
|---|---|---|---|
Cash | 10.0m | 13.5m | 45.9m |
Accounts Receivable | 18.4m | 10.5m | 8.0m |
PP&E | 292.6m | 277.8m | 265.7m |
Goodwill | 66.6m | 54.1m | 54.1m |
Total Assets | 571.2m | 551.2m | 561.8m |
Accounts Payable | 42.4m | 33.6m | |
Long-term debt | 559.9m | 605.7m | 606.4m |
Total Debt | 559.9m | 606.4m | |
Total Liabilities | 749.7m | 771.2m | |
Additional Paid-in Capital | 252.8m | 241.0m | 236.7m |
Retained Earnings | (462.0m) | (517.6m) | (499.8m) |
Debt to Assets Ratio | 1.1 x |
Quarterly
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash | 7.6m | 129.1m | 133.0m | 96.3m | 38.1m | 33.0m | 38.8m | 11.9m | 11.2m | 10.6m |
Accounts Receivable | 17.3m | 19.2m | 20.2m | 15.4m | 10.8m | 9.5m | 9.8m | 7.5m | 7.3m | 7.6m |
PP&E | 297.3m | 288.3m | 284.4m | 281.3m | 273.6m | 269.9m | 268.1m | 261.7m | 257.9m | 254.5m |
Goodwill | 66.6m | 66.6m | 66.6m | 66.6m | 54.1m | 54.1m | 54.1m | 53.7m | 53.7m | 53.7m |
Total Assets | 572.8m | 695.2m | 684.8m | 632.3m | 532.4m | 520.6m | 514.8m | 518.0m | 512.3m | 509.3m |
Accounts Payable | 39.1m | 44.5m | 44.5m | 38.6m | 34.0m | 31.1m | 34.4m | 33.2m | 34.5m | 41.5m |
Long-term debt | 557.1m | 707.5m | 708.3m | 673.6m | 605.9m | 606.1m | 606.2m | |||
Total Debt | 557.1m | 707.5m | 708.3m | 673.6m | 605.9m | 606.1m | 606.2m | |||
Total Liabilities | 745.7m | 897.2m | 896.0m | 853.5m | 778.6m | 772.4m | 773.8m | 736.8m | 737.3m | 742.5m |
Additional Paid-in Capital | 256.2m | 245.4m | 242.5m | 241.3m | 240.3m | 237.8m | 237.8m | 236.3m | 234.6m | 233.0m |
Retained Earnings | (454.4m) | (487.3m) | (498.3m) | (509.8m) | (531.4m) | (539.0m) | (547.7m) | (509.9m) | (516.9m) | (526.6m) |
Debt to Assets Ratio | 1 x | 1 x | 1 x | 1.1 x | 1.2 x | 1.2 x |
Morgans Hotel Group Cash Flow
Annual
| USD | FY, 2013 | FY, 2014 | FY, 2015 |
|---|---|---|---|
Net Income | (44.1m) | (50.0m) | 22.1m |
Depreciation and Amortization | 20.3m | 28.9m | 19.3m |
Accounts Receivable | (3.9m) | 4.6m | 2.0m |
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 | 14.7m | 26.2m | (1.8m) |
Interest Paid | 36.6m | 44.4m | 40.7m |
Income Taxes Paid | 150.0k | 1.0m | 84.0k |
Quarterly
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 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 | 15.2m | 5.0m | 9.9m | 14.9m | 4.8m | 9.6m | 14.4m | 4.9m | 9.7m | 14.6m |
Accounts Receivable | (2.8m) | (1.2m) | (2.2m) | 2.6m | (565.0k) | 454.0k | 136.0k | 799.0k | 560.0k | 307.0k |
Accounts Payable | 4.5m | 3.6m | 4.3m | (1.5m) | (3.2m) | 86.0k | (599.0k) | 2.0m | 9.0m | |
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) | 30.9m | 27.7m | 31.4m | (1.1m) | (2.5m) | (4.8m) |
Cash From Financing Activities | 13.5m | 131.4m | 129.8m | 93.7m | (593.0k) | (1.0m) | (1.4m) | (30.0m) | (30.4m) | (30.8m) |
Interest Paid | 26.3m | 12.6m | 24.1m | 34.8m | 10.2m | 20.5m | 30.9m | 10.3m | 20.3m | 30.4m |
Income Taxes Paid | 150.0k | 532.0k | 552.0k | 564.0k | 532.0k | 1.0k | 1.0k | 25.0k | 477.0k | 470.0k |
