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Midas Edge

Pursuit Attractions & Hospitality, Inc.

For the period ended Dec 31, 2024. Filed Mar 17, 2025.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 17, 2025

PRSU$55.53-3.0%Stored close · as of Nov 10, 2026

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

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Contents

Consolidated Statements of Cash Flows

Year Ended December 31,
(in thousands)202420232022
Cash flows from operating activities
Net income$373,843$23,452$24,795
Income from discontinued operations, net of tax(425,603)(9,103)(30,004)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization42,96037,92936,139
Deferred income taxes(3,246)(298)1,635
Restructuring charges3,15719984
Impairment charges47,572——
Share-based compensation expense11,1698,9767,787
Other non-cash items, net12,202(3,190)8,150
Change in operating assets and liabilities (excluding the impact of acquisitions and disposition):
Receivables(2,125)(953)(1,053)
Inventories(853)51(3,131)
Accounts payable13,9582,358(2,270)
Restructuring liabilities(54)(19)(44)
Accrued compensation(3,296)(2,315)1,035
Contract liabilities1751,262694
Income taxes payable4,6724163,682
Other assets and liabilities, net(17,582)22,0084,322
Net cash provided by operating activities attributable to continuing operations56,94980,77351,821
Cash flows from investing activities
Capital expenditures(56,231)(62,443)(56,905)
Proceeds from insurance12,612——
Cash paid for acquisitions, net(16,129)(41)(25,494)
Proceeds from sale of business428,805——
Proceeds from dispositions of property and other assets38—135
Net cash provided by (used in) investing activities attributable to continuing operations369,095(62,484)(82,264)
Cash flows from financing activities
Proceeds from borrowings572,173162,049107,580
Payments on debt and finance obligations(954,212)(182,514)(100,645)
Dividends paid on preferred stock(7,801)(7,801)(7,801)
Distributions to noncontrolling interest, net of contributions from noncontrolling interest(3,151)(2,726)(570)
Payments of debt issuance costs(799)(1,667)(418)
Payment of payroll taxes on stock-based compensation through shares withheld or repurchased(5,076)(1,482)(1,428)
Other financing activities(201)——
Net cash used in financing activities attributable to continuing operations(399,067)(34,141)(3,282)
Total cash provided by (used in) continuing operations26,977(15,852)(33,725)
Net cash provided by (used in) operating activities attributable to discontinued operations(7,275)23,90521,610
Net cash provided by (used in) investing activities attributable to discontinued operations(18,329)(12,371)18,996
Net cash used in financing activities attributable to discontinued operations(2,015)(2,023)(2,846)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash attributable to discontinued operations(1,063)742(1,706)
Total cash provided by (used in) discontinued operations(28,682)10,25336,054
Effect of exchange rate changes on cash, cash equivalents, and restricted cash attributable to continuing operations(1,267)64(2,068)
Net change in cash, cash equivalents, and restricted cash(2,972)(5,535)261
Cash, cash equivalents, and restricted cash, beginning of year59,02964,56464,303
Cash, cash equivalents, and restricted cash, end of year$56,057$59,029$64,564

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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.