Advantage Solutions Inc
For the period ended Dec 31, 2023. Filed Mar 1, 2024.
View on SEC.govAbout this filing
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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.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Stockholders’ Equity
| Accumulated · Advantage | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Additional · Other · Solutions Inc. · Nonredeemable · Total | |||||||||||
| Common Stock · Treasury Stock · Paid-in · Accumulated · Loans to · Comprehensive · Stockholders' · Noncontrolling · Stockholders' | |||||||||||
| (in thousands, except share data) | Shares | Amount | Shares | Amount | Capital | Deficit | Topco | Income (Loss) | Equity | Interests | Equity |
| Balance at January 1, 2021 | 318,425,182 | $32 | — | $— | $3,348,546 | $(921,101) | $(6,316) | $674 | $2,421,835 | $96,954 | $2,518,789 |
| Comprehensive income (loss) | |||||||||||
| Net income | — | — | — | — | — | 54,494 | — | — | 54,494 | 2,964 | 57,458 |
| Foreign currency translation adjustments | — | — | — | — | — | — | — | (5,153) | (5,153) | (3,069) | (8,222) |
| Total comprehensive income (loss) | 49,341 | (105) | 49,236 | ||||||||
| Interest on loans to Karman Topco L.P. | — | — | — | — | — | — | (24) | — | (24) | — | (24) |
| Redemption of noncontrolling interest | — | — | — | — | (444) | — | — | — | (444) | 235 | (209) |
| Equity-based compensation of Karman Topco L.P. | — | — | — | — | (15,030) | — | — | — | (15,030) | — | (15,030) |
| Purchase of treasury stock | (1,610,014) | — | 1,610,014 | (12,567) | — | — | — | — | (12,567) | — | (12,567) |
| Shares issued under 2020 Incentive Award Plan | 66,208 | — | — | — | — | — | — | — | — | — | — |
| Shares issued under 2020 Employee Stock Purchase Plan | 77,172 | — | — | — | 736 | — | — | — | 736 | — | 736 |
| Shares issued upon exercise of warrants | 5,004 | — | — | — | 58 | — | — | — | 58 | — | 58 |
| Stock-based compensation expense | — | — | — | — | 39,412 | — | — | — | 39,412 | — | 39,412 |
| Balance at December 31, 2021 | 316,963,552 | 32 | 1,610,014 | (12,567) | 3,373,278 | (866,607) | (6,340) | (4,479) | 2,483,317 | 97,084 | 2,580,401 |
| Comprehensive income (loss) | |||||||||||
| Net (loss) income | — | — | — | — | — | (1,380,502) | — | — | (1,380,502) | 2,995 | (1,377,507) |
| Foreign currency translation adjustments | — | — | — | — | — | — | — | (14,370) | (14,370) | (4,526) | (18,896) |
| Total comprehensive loss | (1,394,872) | (1,531) | (1,396,403) | ||||||||
| Interest on loans to Karman Topco L.P. | — | — | — | — | — | — | (23) | — | (23) | — | (23) |
| Increase in noncontrolling interest | — | — | — | — | — | — | — | — | — | 6,191 | 6,191 |
| Equity-based compensation of Karman Topco L.P. | — | — | — | — | (6,934) | — | — | — | (6,934) | — | (6,934) |
| Shares issued under 2020 Employee Stock Purchase Plan | 713,213 | — | — | — | 3,320 | — | — | — | 3,320 | — | 3,320 |
| Shares issued under 2020 Incentive Award Plan | 2,013,535 | — | — | — | — | — | — | — | — | — | — |
| Stock-based compensation expense | — | — | — | — | 39,172 | — | — | — | 39,172 | — | 39,172 |
| Balance at December 31, 2022 | 319,690,300 | 32 | 1,610,014 | (12,567) | 3,408,836 | (2,247,109) | (6,363) | (18,849) | 1,123,980 | 101,744 | 1,225,724 |
| Comprehensive income (loss) | |||||||||||
| Net (loss) income | — | — | — | — | — | (63,258) | — | — | (63,258) | 2,639 | (60,619) |
| Foreign currency translation adjustments | — | — | — | — | — | — | — | 5,817 | 5,817 | 3,201 | 9,018 |
| Total comprehensive loss | (57,441) | 5,840 | (51,601) | ||||||||
| Interest on loans to Karman Topco L.P. | — | — | — | — | — | — | (24) | — | (24) | — | (24) |
| Purchase of treasury stock | (4,164,010) | — | 4,164,010 | (10,665) | — | — | — | — | (10,665) | — | (10,665) |
| Retirement of shares | — | — | (2,173,949) | 4,283 | (4,283) | — | |||||
| Equity-based compensation of Karman Topco L.P. | — | — | — | — | (2,524) | — | — | — | (2,524) | — | (2,524) |
| Shares issued under 2020 Employee Stock Purchase Plan | 1,241,440 | — | — | — | 2,248 | — | — | — | 2,248 | — | 2,248 |
| Shares issued under 2020 Incentive Award Plan and tax related to net share settlement | 5,467,531 | — | — | — | (1,880) | — | — | — | (1,880) | — | (1,880) |
| Stock-based compensation expense | — | — | — | — | 42,581 | — | — | — | 42,581 | — | 42,581 |
| Deconsolidation of subsidiaries | — | — | — | — | — | — | — | 9,087 | 9,087 | (108,869) | (99,782) |
| Balance at December 31, 2023 | 322,235,261 | $32 | 3,600,075 | $(18,949) | $3,449,261 | $(2,314,650) | $(6,387) | $(3,945) | $1,105,362 | $(1,285) | $1,104,077 |
See Notes to Consolidated Financial Statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.