LINDBLAD EXPEDITIONS HOLDINGS INC
For the period ended Mar 31, 2024. Filed May 1, 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.
Mar 31, 2024 · Filed May 1, 2024
LIND$33.98+7.6%Stored close · as of Nov 6, 2026
Contents
Item 1. Condensed Consolidated Balance Sheets as of March 31, 2024 (Unaudited) and December 31, 2023
Condensed Consolidated Balance Sheets
(In thousands, except share and per share data)
| As of March 31, 2024 | As of December 31, 2023 | |
|---|---|---|
| (unaudited) | ||
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $177,719 | $156,845 |
| Restricted cash | 46,451 | 30,499 |
| Prepaid expenses and other current assets | 62,394 | 57,158 |
| Total current assets | 286,564 | 244,502 |
| Property and equipment, net | 521,630 | 526,002 |
| Goodwill | 42,017 | 42,017 |
| Intangibles, net | 8,960 | 9,412 |
| Other long-term assets | 8,867 | 9,364 |
| Total assets | $868,038 | $831,297 |
| LIABILITIES | ||
| Current Liabilities: | ||
| Unearned passenger revenues | $290,790 | $252,199 |
| Accounts payable and accrued expenses | 64,962 | 65,055 |
| Long-term debt - current | 46 | 47 |
| Lease liabilities - current | 1,757 | 1,923 |
| Total current liabilities | 357,555 | 319,224 |
| Long-term debt, less current portion | 622,676 | 621,778 |
| Deferred tax liabilities | 2,592 | 2,118 |
| Other long-term liabilities | 1,668 | 1,943 |
| Total liabilities | 984,491 | 945,063 |
| Commitments and contingencies | - | - |
| Series A redeemable convertible preferred stock, 165,000 shares authorized; 62,000 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively | 74,649 | 73,514 |
| Redeemable noncontrolling interests | 36,297 | 37,784 |
| 110,946 | 111,298 | |
| STOCKHOLDERS’ DEFICIT | ||
| Preferred stock, $0.0001 par value, 1,000,000 shares authorized; 62,000 Series A shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively | - | - |
| Common stock, $0.0001 par value, 200,000,000 shares authorized; 53,524,606 and 53,390,082 issued, 53,466,674 and 53,332,150 outstanding as of March 31, 2024 and December 31, 2023, respectively | 5 | 5 |
| Additional paid-in capital | 99,059 | 97,139 |
| Accumulated deficit | (326,463) | (322,208) |
| Total stockholders' deficit | (227,399) | (225,064) |
| Total liabilities, mezzanine equity and stockholders' deficit | $868,038 | $831,297 |
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