ZIFF DAVIS INC
For the period ended Sep 30, 2024. Filed Nov 8, 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 8, 2024
ZD$51.14+1.1%Stored close · as of Nov 10, 2026
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Condensed Consolidated Balance Sheets (Unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited, in thousands except share and per share data)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $386,122 | $737,612 |
| Short-term investments | — | 27,109 |
| Accounts receivable, net of allowances of $7,352 and $6,871, respectively | 470,550 | 337,703 |
| Prepaid expenses and other current assets | 94,345 | 88,570 |
| Total current assets | 951,017 | 1,190,994 |
| Long-term investments | 152,817 | 140,906 |
| Property and equipment, net of accumulated depreciation of $348,322 and $327,015, respectively | 197,482 | 188,169 |
| Intangible assets, net | 470,774 | 325,406 |
| Goodwill | 1,572,854 | 1,546,065 |
| Deferred income taxes | 8,622 | 8,731 |
| Other assets | 65,879 | 70,751 |
| TOTAL ASSETS | $3,419,445 | $3,471,022 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Accounts payable | $371,498 | $123,256 |
| Accrued employee related costs | 33,829 | 50,068 |
| Other accrued liabilities | 36,557 | 43,612 |
| Income taxes payable, current | 10,470 | 14,458 |
| Deferred revenue, current | 204,029 | 184,549 |
| Other current liabilities | 11,011 | 15,890 |
| Total current liabilities | 667,394 | 431,833 |
| Long-term debt | 863,741 | 1,001,312 |
| Deferred income taxes | 53,577 | 45,503 |
| Income taxes payable, noncurrent | — | 8,486 |
| Deferred revenue, noncurrent | 7,513 | 8,169 |
| Other long-term liabilities | 74,908 | 82,721 |
| TOTAL LIABILITIES | 1,667,133 | 1,578,024 |
| Commitments and contingencies (Note 8) | ||
| Preferred stock, $0.01 par value. Authorized 1,000,000 and none issued | — | — |
| Preferred stock - Series A, $0.01 par value. Authorized 6,000; total issued and outstanding zero | — | — |
| Preferred stock - Series B, $0.01 par value. Authorized 20,000; total issued and outstanding zero | — | — |
| Common stock, $0.01 par value. Authorized 95,000,000; total issued and outstanding 42,740,848 and 46,078,464 shares at September 30, 2024 and December 31, 2023, respectively | 427 | 461 |
| Additional paid-in capital | 480,271 | 472,201 |
| Retained earnings | 1,335,083 | 1,491,956 |
| Accumulated other comprehensive loss | (63,469) | (71,620) |
| TOTAL STOCKHOLDERS’ EQUITY | 1,752,312 | 1,892,998 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $3,419,445 | $3,471,022 |
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