Getty Images Holdings Inc
For the period ended Mar 31, 2024. Filed May 9, 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.
Mar 31, 2024 · Filed May 9, 2024
GETY$0.08-41.0%Stored close · as of Sep 28, 2026
Contents
Condensed Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023
PART I. FINANCIAL INFORMATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except par value)
| March 31,2024 | December 31,2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $134,198 | $136,623 |
| Restricted cash | 4,538 | 4,227 |
| Accounts receivable – net of allowance of $6,439 and $6,526, respectively | 138,441 | 138,730 |
| Prepaid expenses | 16,117 | 15,798 |
| Insurance recovery receivable | 47,684 | 48,615 |
| Taxes receivable | 9,789 | 9,758 |
| Other current assets | 12,850 | 11,253 |
| Total current assets | 363,617 | 365,004 |
| Property and equipment, net | 178,226 | 179,378 |
| Operating lease right-of-use assets | 38,744 | 41,098 |
| Goodwill | 1,499,432 | 1,501,814 |
| Intangible assets, net of accumulated amortization | 397,399 | 403,805 |
| Deferred income taxes, net | 69,235 | 69,400 |
| Other assets | 38,800 | 41,262 |
| Total assets | $2,585,453 | $2,601,761 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $91,837 | $102,525 |
| Accrued expenses | 36,407 | 43,653 |
| Income taxes payable | 13,941 | 11,325 |
| Litigation reserves | 99,539 | 98,149 |
| Deferred revenue | 180,603 | 176,349 |
| Total current liabilities | 422,327 | 432,001 |
| Long-term debt, net | 1,384,938 | 1,398,658 |
| Lease liabilities | 36,899 | 39,858 |
| Deferred income taxes, net | 24,837 | 21,580 |
| Uncertain tax positions | 24,610 | 24,772 |
| Other long-term liabilities | 2,697 | 3,462 |
| Total liabilities | 1,896,308 | 1,920,331 |
| Stockholders' equity: | ||
| Class A common stock, $0.0001 par value: 2.0 billion shares authorized; 407.3 million shares issued and outstanding as of March 31, 2024 and 405.0 million shares issued and outstanding as of December 31, 2023 | 41 | 40 |
| Additional paid-in capital | 1,993,009 | 1,983,276 |
| Accumulated deficit | (1,249,560) | (1,263,015) |
| Accumulated other comprehensive loss | (102,682) | (87,076) |
| Total Getty Images Holdings, Inc. stockholders’ equity | 640,808 | 633,225 |
| Non-controlling interest | 48,337 | 48,205 |
| Total stockholders’ equity | 689,145 | 681,430 |
| Total liabilities and stockholders’ equity | $2,585,453 | $2,601,761 |
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