Advantage Solutions Inc.
For the period ended Mar 31, 2026. Filed May 6, 2026.
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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, 2026 · Filed May 6, 2026
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) | 2026 | 2025 |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $(71,831) | $(56,130) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities | ||
| Non-cash adjustments on derivatives and non-cash interest income | (451) | (2,694) |
| Amortization of deferred financing fees | 1,297 | 1,748 |
| Depreciation and amortization | 51,570 | 50,361 |
| Deferred income taxes | 9,091 | 449 |
| Equity-based compensation of Karman Topco L.P. | — | (1,524) |
| Stock-based compensation | 2,000 | 6,485 |
| Gain on divestiture and income from investments in European joint venture | (1,014) | (1,567) |
| Income from unconsolidated investments | (2,472) | — |
| Distribution received from equity method investments | 2,684 | — |
| Other | 1,178 | (1,614) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 21,507 | (38,200) |
| Prepaid expenses and other assets | 44,070 | 16,743 |
| Accounts payable | 14,404 | 22,236 |
| Accrued compensation and benefits | (23,716) | (41,928) |
| Deferred revenues | (5,265) | 2,521 |
| Other accrued expenses and other liabilities | (19,324) | 3,487 |
| Net cash provided by (used in) operating activities | 23,728 | (39,627) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchase of investments in unconsolidated affiliates | (2,000) | (3,328) |
| Purchase of property and equipment and development of capitalized software | (11,401) | (15,104) |
| Proceeds from divestitures | 40,919 | — |
| Net cash provided by (used in) investing activities | 27,518 | (18,432) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Payment of deferred financing fees for line of credit modification | (13,702) | — |
| Principal payments on long-term debt | (131,319) | (3,313) |
| Repurchases of senior secured notes and Term Loan Facility | — | (18,243) |
| Proceeds from 2020 Employee Stock Purchase Plan | 744 | 993 |
| Payments for taxes related to net share settlement of equity awards | (73) | (707) |
| Purchase of treasury stock | (2,306) | (869) |
| Net cash used in financing activities | (146,656) | (22,139) |
| Net effect of foreign currency changes on cash, cash equivalents and restricted cash | (1,565) | (3,685) |
| Net change in cash, cash equivalents and restricted cash | (96,975) | (83,883) |
| Cash, cash equivalents and restricted cash, beginning of period | 252,987 | 220,751 |
| Cash, cash equivalents and restricted cash, end of period | $156,012 | $136,868 |
| SUPPLEMENTAL CASH FLOW INFORMATION | ||
| Purchases of property and equipment and development of capitalized software recorded in accounts payable and accrued expenses | $5,350 | $516 |
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