LINDBLAD EXPEDITIONS HOLDINGS INC
For the period ended Jun 30, 2024. Filed Aug 8, 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 8, 2024
LIND$33.98+7.6%Stored close · as of Nov 6, 2026
Contents
Item 1. Condensed Consolidated Balance Sheets as of June 30, 2024 (Unaudited) and December 31, 2023
Condensed Consolidated Balance Sheets
(In thousands, except share and per share data)
| As of June 30, 2024 | As of December 31, 2023 | |
|---|---|---|
| (unaudited) | ||
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $168,123 | $156,845 |
| Restricted cash | 49,537 | 30,499 |
| Prepaid expenses and other current assets | 65,902 | 57,158 |
| Total current assets | 283,562 | 244,502 |
| Property and equipment, net | 515,870 | 526,002 |
| Goodwill | 42,017 | 42,017 |
| Intangibles, net | 8,508 | 9,412 |
| Other long-term assets | 8,380 | 9,364 |
| Total assets | $858,337 | $831,297 |
| LIABILITIES | ||
| Current Liabilities: | ||
| Unearned passenger revenues | $319,655 | $252,199 |
| Accounts payable and accrued expenses | 61,222 | 65,055 |
| Long-term debt - current | 46 | 47 |
| Lease liabilities - current | 1,591 | 1,923 |
| Total current liabilities | 382,514 | 319,224 |
| Long-term debt, less current portion | 623,585 | 621,778 |
| Deferred tax liabilities | 6,306 | 2,118 |
| Other long-term liabilities | 1,386 | 1,943 |
| Total liabilities | 1,013,791 | 945,063 |
| Commitments and contingencies | - | - |
| Series A redeemable convertible preferred stock, 165,000 shares authorized; 62,000 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively | 75,800 | 73,514 |
| Redeemable noncontrolling interests | 24,233 | 37,784 |
| 100,033 | 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 June 30, 2024 and December 31, 2023, respectively | - | - |
| Common stock, $0.0001 par value, 200,000,000 shares authorized; 53,564,680 and 53,390,082 issued, 53,506,748 and 53,332,150 outstanding as of June 30, 2024 and December 31, 2023, respectively | 6 | 5 |
| Additional paid-in capital | 99,351 | 97,139 |
| Accumulated deficit | (354,844) | (322,208) |
| Total stockholders' deficit | (255,487) | (225,064) |
| Total liabilities, mezzanine equity and stockholders' deficit | $858,337 | $831,297 |
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