Vivid Seats Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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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.
Sep 30, 2024 · Filed Nov 7, 2024
SEAT$2.09-23.7%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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FINANCIAL INFORMATION
| Assets | ||
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $202,274 | $125,484 |
| Restricted cash | 6,187 | 6,950 |
| Accounts receivable – net | 65,306 | 58,481 |
| Inventory – net | 22,254 | 21,018 |
| Prepaid expenses and other current assets | 29,899 | 34,061 |
| Total current assets | 325,920 | 245,994 |
| Property and equipment – net | 9,589 | 10,156 |
| Right-of-use assets – net | 9,344 | 9,826 |
| Intangible assets – net | 225,128 | 241,155 |
| Goodwill | 946,857 | 947,359 |
| Deferred tax assets | 81,245 | 85,564 |
| Investments | 7,152 | 6,993 |
| Other non-current assets | 5,356 | 3,052 |
| Total assets | $1,610,591 | $1,550,099 |
| Liabilities, redeemable noncontrolling interests, and shareholders' equity | ||
| Current liabilities: | ||
| Accounts payable | $224,328 | $257,514 |
| Accrued expenses and other current liabilities | 159,781 | 191,642 |
| Deferred revenue | 24,632 | 34,674 |
| Current maturities of long-term debt | 3,950 | 3,933 |
| Total current liabilities | 412,691 | 487,763 |
| Long-term debt – net | 385,730 | 264,632 |
| Long-term lease liabilities | 15,803 | 16,215 |
| TRA liability | 162,233 | 165,699 |
| Other liabilities | 22,659 | 29,031 |
| Total long-term liabilities | 586,425 | 475,577 |
| Commitments and contingencies (Note 15) | ||
| Redeemable noncontrolling interests | 282,033 | 481,742 |
| Shareholders' equity | ||
| Class A common stock, $0.0001 par value; 500,000,000 shares authorized, 142,866,611 and 141,167,311 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively | 14 | 14 |
| Class B common stock, $0.0001 par value; 250,000,000 shares authorized, 76,225,000 shares issued and outstanding at September 30, 2024 and December 31, 2023 | 8 | 8 |
| Additional paid-in capital | 1,333,518 | 1,096,430 |
| Treasury stock, at cost, 11,433,749 and 7,291,497 shares at September 30, 2024 and December 31, 2023, respectively | (75,584) | (52,586) |
| Accumulated deficit | (929,284) | (939,596) |
| Accumulated other comprehensive income | 770 | 747 |
| Total shareholders' equity | 329,442 | 105,017 |
| Total liabilities, redeemable noncontrolling interests, and shareholders' equity | $1,610,591 | $1,550,099 |
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except share and per share data) (Unaudited)
| Three Months Ended September 30, | Nine Months Ended September 30, | ||
| 2024 | 2023 | 2024 | 2023 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.