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FIRST ADVANTAGE CORP

For the period ended Mar 31, 2024. Filed May 9, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 9, 2024

FA$23.52-0.0%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Condensed Consolidated Balance Sheets

(in thousands, except share and per share amounts)March 31, 2024December 31, 2023
ASSETS
CURRENT ASSETS
Cash and cash equivalents$245,436$213,774
Restricted cash135138
Short-term investments600—
Accounts receivable (net of allowance for doubtful accounts of $893 and $1,036 at March 31, 2024 and December 31, 2023, respectively)129,011142,690
Prepaid expenses and other current assets21,79513,426
Income tax receivable2,5683,710
Total current assets399,545373,738
Property and equipment, net71,35279,441
Goodwill819,633820,654
Trade names, net64,37066,229
Customer lists, net262,876275,528
Other intangible assets, net2,1382,257
Deferred tax asset, net2,7972,786
Other assets9,20210,021
TOTAL ASSETS$1,631,913$1,630,654
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Accounts payable$47,956$47,024
Accrued compensation12,74216,379
Accrued liabilities24,10216,162
Current portion of operating lease liability3,3673,354
Income tax payable2,988264
Deferred revenues2,0431,856
Total current liabilities93,19885,039
Long-term debt (net of deferred financing costs of $5,815 and $6,268 at March 31, 2024 and December 31, 2023, respectively)558,909558,456
Deferred tax liability, net63,60471,274
Operating lease liability, less current portion5,6325,931
Other liabilities2,8263,221
Total liabilities724,169723,921
COMMITMENTS AND CONTINGENCIES (Note 12)
EQUITY
Common stock - $0.001 par value; 1,000,000,000 shares authorized, 145,195,030 and 145,074,802 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively145145
Additional paid-in-capital982,982977,290
Accumulated deficit(52,453)(49,545)
Accumulated other comprehensive loss(22,930)(21,157)
Total equity907,744906,733
TOTAL LIABILITIES AND EQUITY$1,631,913$1,630,654
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.