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SADDP Saddlebrook Resorts

Company profile

Calendar

28 Apr 21
14 Jun 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.21M 1.21M 1.21M 1.21M 1.21M 1.21M
Cash burn (monthly) (positive/no burn) 19.76K 326.32K 359.27K (positive/no burn) 161.37K
Cash used (since last report) n/a 108.11K 1.79M 1.97M n/a 882.83K
Cash remaining n/a 1.1M -572.61K -752.84K n/a 329.81K
Runway (months of cash) n/a 55.9 -1.8 -2.1 n/a 2.0

Beta Read what these cash burn values mean

Financial report summary

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Management Discussion
  • The Company operates the Resort, which contains condominium units that have been sold to third parties or to affiliates of the Company. The majority of the condominium units are hotel accommodations that participate in the Rental Pool. Other resort facilities owned by the Company and its affiliates include golf courses, tennis courts, a spa, restaurants and a conference center.
  • In August 2020, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2020-06, which amends and simplifies existing guidance in an effort to reduce the complexity of accounting for convertible instruments and to provide financial statement users with more meaningful information. ASU 2020-06 is effective for fiscal years beginning after December 15, 2021, including interim periods therein, with early adoption permitted for fiscal years beginning after December 15, 2020. This update may be applied retrospectively or on a modified retrospective basis with the cumulative effect recognized as an adjustment to the opening balance of retained earnings on the date of adoption. Additionally, this update provides for a one-time irrevocable election by entities to apply the fair value option in accordance with ASC Topic 825-10, “Financial Instruments - Overall,” for any liability-classified convertible securities, with the difference between the carrying amount and the fair value recorded as a cumulative-effect adjustment to opening retained earnings as of the beginning of the period of adoption. We do not anticipate any impact upon adoption.
  • Asset Impairments - The Company’s management periodically evaluates whether there has been a permanent impairment of long-lived assets. The Company’s management believes that the accounting estimates related to asset impairments are critical estimates for the following reasons: (1) the ongoing changes in management’s expectations regarding future utilization of assets; and (2) the impact of an impairment on reported assets and earnings could be material. During the years ended December 31, 2020 and 2019, the Company’s management evaluated long-lived assets for impairment and concluded that no impairment charge was necessary during the years then ended.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
7th grade Avg
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Removed: advanced, affiliated, annually, bear, book, captive, casualty, Codification, component, extent, funding, Integrated, intent, invested, investment, open, promised, proportionate, recognize, RHA, RHIC, StatementNo, sum, terminate, Tread, undiscounted, withdraw

Registration and prospectus

No filings

Proxies

No filings