Advantage Solutions Inc
For the period ended Dec 31, 2023. Filed Mar 1, 2024.
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FY2023 · Filed Mar 1, 2024
ADV$32.29-2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive (Loss) Income
| Year Ended December 31, | |||
|---|---|---|---|
| (in thousands, except share and per share data) | 2023 | 2022 | 2021 |
| Revenues | $4,224,846 | $4,049,742 | $3,602,298 |
| Cost of revenues (exclusive of depreciation and amortization shown separately below) | 3,660,464 | 3,493,183 | 2,964,123 |
| Selling, general, and administrative expenses | 265,091 | 187,504 | 168,086 |
| Impairment of goodwill and indefinite-lived assets | 43,500 | 1,572,523 | — |
| Depreciation and amortization | 224,697 | 233,075 | 240,041 |
| Gain on deconsolidation of subsidiaries | (58,891) | — | — |
| Loss on divestitures | 19,068 | 2,863 | — |
| Income from unconsolidated investments | (5,273) | — | — |
| Total operating expenses | 4,148,656 | 5,489,148 | 3,372,250 |
| Operating income (loss) | 76,190 | (1,439,406) | 230,048 |
| Other (income) expenses: | |||
| Change in fair value of warrant liability | (286) | (21,236) | 955 |
| Interest expense, net | 165,802 | 104,459 | 137,927 |
| Total other expenses | 165,516 | 83,223 | 138,882 |
| (Loss) income before income taxes | (89,326) | (1,522,629) | 91,166 |
| (Benefit from) provision for income taxes | (29,008) | (145,337) | 33,617 |
| Net (loss) income | (60,318) | (1,377,292) | 57,549 |
| Less: net income attributable to noncontrolling interest | 2,940 | 3,210 | 3,055 |
| Net (loss) income attributable to stockholders of Advantage Solutions Inc. | (63,258) | (1,380,502) | 54,494 |
| Other comprehensive (loss) income, net of tax: | |||
| Foreign currency translation adjustments | 5,817 | (14,370) | (5,153) |
| Total comprehensive (loss) income attributable to stockholders of Advantage Solutions Inc. | $(57,441) | $(1,394,872) | $49,341 |
| Net (loss) income per common share: | |||
| Basic | $(0.20) | $(4.33) | $0.17 |
| Diluted | $(0.20) | $(4.33) | $0.17 |
| Weighted-average number of common shares: | |||
| Basic | 323,677,515 | 318,682,548 | 318,198,860 |
| Diluted | 323,677,515 | 318,682,548 | 321,004,756 |
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