Waystar Holding Corp
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
View on SEC.govAbout this filing
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.
Jun 30, 2024 · Filed Aug 7, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Consolidated Statements of Comprehensive Loss
Unaudited Condensed Consolidated Statements of Comprehensive Loss (in Thousands)
| · · · · · · · · · · · · | ||||||||
|---|---|---|---|---|---|---|---|---|
| · · Three months ended June 30, · · Six months ended June 30, | ||||||||
| | | 2024 | | 2023 | | 2024 | | 2023 |
| Net loss | $(27,685) | $(10,810) | $(43,617) | $(21,433) | ||||
| Other comprehensive income, before tax: | | | | | | | | |
| Interest rate swaps | | (5,944) | | 8,784 | | (6,184) | | 995 |
| Income tax effect: | | | | | | | | |
| Interest rate swaps | | 1,443 | | (2,065) | | 1,508 | | (245) |
| Other comprehensive income (loss), net of tax | | (4,501) | | 6,719 | | (4,676) | | 750 |
| Comprehensive income (loss), net of tax | | $(32,186) | | $(4,091) | | $(48,293) | | $(20,683) |
(1)Amounts reclassified out of accumulated other comprehensive income (loss) into net interest expense included$8,695 and$7,803 for the three months ended June 30, 2024 and 2023, respectively, and included$17,297 and$14,096 for the six months ended June 30, 2024 and 2023, respectively.
(2)The income tax effects of amounts reclassified out of accumulated other comprehensive income (loss) were($2,111) and($1,835) for the three months ended June 30, 2024 and 2023, respectively, and were($4,200) and($3,314) for the six months ended June 30, 2024 and 2023, respectively.
Unaudited Condensed Consolidated Statements of Changes in Stockholders’ Equity (in Thousands, Except Share Data)
| | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Three months ended June 30, 2024 | |||||||||||||||||
| · · · · · · · Accumulated · · · · | |||||||||||||||||
| · · · · · · · Additional · · Other · · · · · · | |||||||||||||||||
| · · Common Stock · · Paid-In · · Comprehensive · · Accumulated · · · | |||||||||||||||||
| · Shares · Amount · Capital · Income (Loss) · Deficit · Total | |||||||||||||||||
| Balances at March 31, 2024 | 121,659,634 | | $1,217 | | $2,236,350 | | $15,627 | | $(217,707) | | $2,035,487 | ||||||
| Share-based compensation | — | | — | | 37,390 | | — | | — | | 37,390 | ||||||
| Settlement of common stock options, net of stock option exercises | — | | — | | (11) | | — | | — | | (11) | ||||||
| Capital distributions | | — | | | — | | | (99) | | | — | | | — | | | (99) |
| Issuance of common stock in initial public offering, net of issuance costs | | 45,000,000 | | | 450 | | | 905,067 | | | — | | | — | | | 905,517 |
| Net loss | — | | — | | — | | — | | (27,685) | | (27,685) | ||||||
| Other comprehensive income | — | | — | | — | | (4,501) | | — | | (4,501) | ||||||
| Balances at June 30, 2024 | 166,659,634 | | $1,667 | | $3,178,697 | | $11,126 | | $(245,392) | | $2,946,098 | ||||||
| · · · · · · · · · · · · · · · · · | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Three months ended June 30, 2023 | |||||||||||
| | | | | | | | Accumulated | | | | |
| · · · · · · · Additional · · Other · · · · · · | |||||||||||
| | | Common Stock | | Paid-In | | Comprehensive | | Accumulated | | | |
| · Shares · Amount · Capital · Income (Loss) · Deficit · Total | |||||||||||
| Balances at March 31, 2023 | 121,673,973 | | $1,218 | | $2,227,853 | | $23,869 | | $(161,064) | | $2,091,876 |
| Share-based compensation | — | | — | | 2,148 | | — | | — | | 2,148 |
| Settlement of common stock options, net of stock option exercises | 17,193 | | — | | 198 | | — | | — | | 198 |
| Repurchase of shares | (17,314) | | (1) | | (687) | | — | | — | | (688) |
| Net loss | — | | — | | — | | — | | (10,810) | | (10,810) |
| Other comprehensive income | — | | — | | — | | 6,719 | | — | | 6,719 |
| Balances at June 30, 2023 | 121,673,852 | | $1,217 | | $2,229,512 | | $30,588 | | $(171,874) | | $2,089,443 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.