Getty Images Holdings Inc
For the period ended Dec 31, 2023. Filed Mar 15, 2024.
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FY2023 · Filed Mar 15, 2024
GETY$0.08-41.0%Stored close · as of Sep 28, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(In thousands, except share and per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| REVENUE | $916,555 | $926,244 | $918,688 |
| OPERATING EXPENSE: | |||
| Cost of revenue (exclusive of depreciation and amortization shown separately below) | 250,249 | 254,990 | 248,152 |
| Selling, general and administrative expenses | 402,516 | 375,582 | 367,704 |
| Depreciation | 54,374 | 49,574 | 51,099 |
| Amortization | 24,069 | 43,645 | 49,361 |
| Loss on litigation | 116,051 | 1,101 | — |
| Recovery of loss on litigation | (60,000) | — | — |
| Other operating expense (income) – net | 1,624 | (681) | 386 |
| Operating expense | 788,883 | 724,211 | 716,702 |
| INCOME FROM OPERATIONS | 127,672 | 202,033 | 201,986 |
| OTHER EXPENSE, NET: | |||
| Interest expense | (126,884) | (117,229) | (122,160) |
| (Loss) gain on fair value adjustment for swaps and foreign currency exchange contract – net | (7,573) | 23,508 | 19,282 |
| Unrealized foreign exchange (losses) gain – net | (23,772) | 24,643 | 36,406 |
| Loss on extinguishment of debt | — | (2,693) | — |
| Net loss on fair value adjustment for warrant liabilities | — | (160,728) | — |
| Other non-operating income (expense) – net | 3,652 | (3,051) | 612 |
| Total other expense – net | (154,577) | (235,550) | (65,860) |
| (LOSS) INCOME BEFORE INCOME TAXES | (26,905) | (33,517) | 136,126 |
| INCOME TAX BENEFIT (EXPENSE) | 46,482 | (44,126) | (18,729) |
| NET INCOME (LOSS) | 19,577 | (77,643) | 117,397 |
| Less: | |||
| Net income (loss) attributable to noncontrolling interest | 238 | (89) | 329 |
| Premium on early redemption of Redeemable Preferred Stock | — | 26,678 | — |
| Redeemable Preferred Stock dividend | — | 43,218 | 71,393 |
| NET INCOME (LOSS) ATTRIBUTABLE TO GETTY IMAGES HOLDINGS, INC. | $19,339 | $(147,450) | $45,675 |
| Net income (loss) per share attributable to Class A Getty Images Holdings, Inc. common stockholders: | |||
| Basic | $0.05 | $(0.53) | 0.23 |
| Diluted | $0.05 | $(0.53) | 0.23 |
| Weighted-average Class A common shares outstanding: | |||
| Basic | 399,037,805 | 276,942,660 | 196,084,650 |
| Diluted | 411,495,025 | 276,942,660 | 201,507,355 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.