LINDBLAD EXPEDITIONS HOLDINGS INC
For the period ended Jun 30, 2024. Filed Aug 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.
Jun 30, 2024 · Filed Aug 8, 2024
LIND$35.37-0.9%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows for the
Condensed Consolidated Statements of Cash Flows
(In thousands)
| For the six months ended June 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash Flows From Operating Activities | ||
| Net loss | $(28,203) | $(22,924) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 24,954 | 23,139 |
| Amortization of deferred financing costs and other, net | 1,847 | 1,509 |
| Amortization of right-to-use lease assets | 839 | 711 |
| Stock-based compensation | 4,833 | 6,292 |
| Deferred income taxes | 4,188 | 1,501 |
| Loss (gain) on foreign currency | 251 | (500) |
| Write-off of unamortized issuance costs related to debt refinancing | - | 3,860 |
| Changes in operating assets and liabilities | ||
| Prepaid expenses and other current assets | (8,744) | (7,740) |
| Unearned passenger revenues | 67,456 | 27,824 |
| Other long-term assets | 120 | (1,046) |
| Other long-term liabilities | - | (3) |
| Accounts payable and accrued expenses | (4,088) | (12,395) |
| Operating lease liabilities | (887) | (724) |
| Net cash provided by operating activities | 62,566 | 19,504 |
| Cash Flows From Investing Activities | ||
| Purchases of property and equipment | (13,893) | (14,718) |
| Sale of securities | - | 15,163 |
| Net cash (used in) provided by investing activities | (13,893) | 445 |
| Cash Flows From Financing Activities | ||
| Additional acquisition of redeemable noncontrolling interest | (16,720) | - |
| Proceeds from long-term debt | - | 275,000 |
| Repayments of long-term debt | (24) | (205,693) |
| Payment of deferred financing costs | (17) | (7,043) |
| Repurchase under stock-based compensation plans and related tax impacts | (1,596) | (796) |
| Net cash (used in) provided by financing activities | (18,357) | 61,468 |
| Net increase in cash, cash equivalents and restricted cash | 30,316 | 81,417 |
| Cash, cash equivalents and restricted cash at beginning of period | 187,344 | 116,024 |
| Cash, cash equivalents and restricted cash at end of period | $217,660 | $197,441 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during the period: | ||
| Interest | $24,785 | $18,232 |
| Income taxes | 201 | 206 |
| Non-cash investing and financing activities: | ||
| Non-cash preferred stock dividend | 2,287 | 2,155 |
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