Overview
Drive Shack (formerly Newcastle Investment) owns and operates golf- and leisure-related assets. Its portfolio includes some 80 public, private, and managed golf properties in 13 states. The company is also developing a line of entertainment facilities that combine technology-enhanced golf and dining. Drive Shack is managed by Fortress Investment Group, which also owns a minority stake in the company. Newcastle transformed from a real estate
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Read More investment trust (REIT) to a C-Corporation in 2017; now named Drive Shack, it still holds a portfolio of real estate securities, primarily Fannie Mae- or Freddie Mac-backed assets. .
Read Less
Read More investment trust (REIT) to a C-Corporation in 2017; now named Drive Shack, it still holds a portfolio of real estate securities, primarily Fannie Mae- or Freddie Mac-backed assets. .
Read Less
Mike Compton
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Other Amusement and Recreation Industries
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Restaurants and Other Eating Places
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Amusement, Gambling, and Recreation Industries
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Arts, Entertainment, and Recreation
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Public golf courses
See All Industries Eating places
See Fewer Industries
See All Industries Eating places
See Fewer Industries
Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures
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Amusement Parks and Arcades
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Gambling Industries
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Independent Artists, Writers, and Performers
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Museums, Historical Sites, and Similar Institutions
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Performing Arts Companies
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Promoters of Performing Arts, Sports, and Similar Events
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Spectator Sports
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Actual
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Actual
$281.86 million
Actual
13.42%
$435
DEC
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OTC:DSHK
Contacts
Get in Touch with 4 Principals* and 54 Contacts
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Mike ComptonChief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2021 (12 month period) in USD
Annual Revenue 2023
$281.86 million
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Net Operating Cash | $18 | $7 | -$9 |
| Net Investing Cash | -$46 | -$51 | -$33 |
| Net Financing Cash | $32 | -$10 | $44 |
| Net Change in Cash | $ | -$46 | $12 |
| Cash at Beginning of Period | $ | $63 | $51 |
| Cash at End of Period | $ | $17 | $63 |
| Capital Expenditure | -$51 | -$56 | -$33 |
| Assets (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $12 | $12 | $58 |
| Accounts Receivable | $11 | $8 | $6 |
| Inventories | $3 | $3 | $2 |
| Other Current Assets | $26 | $28 | $35 |
| Asset Summary | |||
| Total Current Assets | $52 | $52 | $101 |
| Tangible Fixed Assets | $360 | $388 | $361 |
| Intangible Assets | $12 | $14 | $13 |
| Total Assets | $436 | $458 | $483 |
| Liabilities (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $42 | $41 | $34 |
| Short-Term Debt | $1 | $ | $ |
| Other Current Liabilities | $62 | $86 | $76 |
| Liability Summary | |||
| Total Current Liabilities | $105 | $127 | $111 |
| Long-Term Debt | $75 | $51 | $51 |
| Other Long-Term Liabilities | $112 | $112 | $106 |
| Total Liabilities | $489 | $485 | $453 |
| Stakeholder's Equity (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Equity | |||
| Common Stock | $2 | $1 | $1 |
| Retained Earnings | -$3,369 | -$3,326 | -$3,269 |
| Equity Summary | |||
| Total Equity | -$59 | -$32 | $28 |
| Shares Outstanding | 159,544,168 | 92,385,019 | 92,093,425 |