Advantage Solutions Inc
For the period ended Mar 31, 2025. Filed May 12, 2025.
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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.
Mar 31, 2025 · Filed May 12, 2025
ADV$32.29-2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| (in thousands) | 2025 | 2024 |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss from continuing operations | $(56,130) | $(50,133) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Non-cash interest income | (2,694) | (4,165) |
| Amortization of deferred financing fees | 1,748 | 1,800 |
| Depreciation and amortization | 50,361 | 49,748 |
| Change in fair value of warrant liability | 10 | 287 |
| Fair value adjustments related to contingent consideration | — | 778 |
| Deferred income taxes | 449 | (423) |
| Equity-based compensation of Karman Topco L.P. | (1,524) | 390 |
| Stock-based compensation | 6,486 | 8,555 |
| (Income) loss from equity method investments | (1,567) | 689 |
| Distribution received from equity method investments | — | 1,282 |
| Gain on repurchases of Senior Secured Notes and Term Loan Facility debt | (1,624) | (2,669) |
| Loss on disposal of property and equipment | — | 469 |
| Changes in operating assets and liabilities, net of effects from divestitures: | ||
| Accounts receivable, net | (38,200) | 23,776 |
| Prepaid expenses and other assets | 16,742 | 28,845 |
| Accounts payable | 22,236 | 10,465 |
| Accrued compensation and benefits | (41,928) | (71,830) |
| Deferred revenues | 2,521 | (3,938) |
| Other accrued expenses and other liabilities | 3,487 | (3,302) |
| Net cash used in operating activities | (39,627) | (9,376) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchase of investments in unconsolidated affiliates | (3,328) | (2,500) |
| Purchase of property and equipment | (15,104) | (15,414) |
| Proceeds from divestitures, net of cash | — | 87,370 |
| Net cash (used in) provided by investing activities | (18,432) | 69,456 |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Principal payments on long-term debt | (3,313) | (3,318) |
| Repurchases of Senior Secured Notes and Term Loan Facility debt | (18,243) | (47,899) |
| Proceeds from issuance of common stock | 993 | 1,167 |
| Payments for taxes related to net share settlement under 2020 Incentive Award Plan | (707) | (3,292) |
| Contingent consideration payments | — | (1,851) |
| Purchase of treasury stock | (869) | (11,689) |
| Net cash used in financing activities | (22,139) | (66,882) |
| Net effect of foreign currency changes on cash, cash equivalents and restricted cash | (3,685) | (2,136) |
| Net change in cash, cash equivalents and restricted cash | (83,883) | (8,938) |
| Cash, cash equivalents and restricted cash, beginning of period | 220,751 | 137,202 |
| Cash, cash equivalents and restricted cash, end of period | $136,868 | $128,264 |
| SUPPLEMENTAL CASH FLOW INFORMATION | ||
| Purchases of property and equipment recorded in accounts payable and accrued expenses | $516 | $5,238 |
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