Advantage Solutions Inc
For the period ended Sep 30, 2024. Filed Nov 12, 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 12, 2024
ADV$33.14+5.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| September 30, | December 31, | |
|---|---|---|
| (in thousands, except share data) | 2024 | 2023 |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $196,098 | $120,839 |
| Restricted cash | 16,372 | 16,363 |
| Accounts receivable, net of allowance for expected credit losses of $16,532 and $29,294, respectively | 667,441 | 659,499 |
| Prepaid expenses and other current assets | 95,286 | 115,921 |
| Current assets of discontinued operations | — | 99,412 |
| Total current assets | 975,197 | 1,012,034 |
| Property and equipment, net | 90,080 | 64,708 |
| Goodwill | 610,532 | 710,191 |
| Other intangible assets, net | 1,419,000 | 1,551,828 |
| Investments in unconsolidated affiliates | 234,008 | 210,829 |
| Other assets | 62,541 | 43,543 |
| Other assets of discontinued operations | — | 186,190 |
| Total assets | 3,391,358 | 3,779,323 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities | ||
| Current portion of long-term debt | $13,250 | $13,274 |
| Accounts payable | 197,898 | 172,894 |
| Accrued compensation and benefits | 117,103 | 161,447 |
| Other accrued expenses | 155,182 | 144,415 |
| Deferred revenues | 29,500 | 26,598 |
| Current liabilities of discontinued operations | — | 22,669 |
| Total current liabilities | 512,933 | 541,297 |
| Long-term debt, net of current portion | 1,688,213 | 1,848,118 |
| Deferred income tax liabilities | 187,742 | 204,136 |
| Other long-term liabilities | 69,939 | 74,555 |
| Other liabilities of discontinued operations | — | 7,140 |
| Total liabilities | 2,458,827 | 2,675,246 |
| Commitments and contingencies (Note 10) | ||
| Equity attributable to stockholders of Advantage Solutions Inc. | ||
| Common stock, $0.0001 par value, 3,290,000,000 shares authorized; 320,418,083 and 322,235,261 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | 32 | 32 |
| Additional paid in capital | 3,459,252 | 3,449,261 |
| Accumulated deficit | (2,463,568) | (2,314,650) |
| Loans to Karman Topco L.P. | (6,868) | (6,387) |
| Accumulated other comprehensive loss | (3,301) | (3,945) |
| Treasury stock, at cost; 12,400,075 and 3,600,075 shares as of September 30, 2024 and December 31, 2023, respectively | (53,016) | (18,949) |
| Total equity attributable to stockholders of Advantage Solutions Inc. | 932,531 | 1,105,362 |
| Nonredeemable noncontrolling interest | — | (1,285) |
| Total stockholders' equity | 932,531 | 1,104,077 |
| Total liabilities and stockholders' equity | $3,391,358 | $3,779,323 |
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