Getty Images Holdings Inc
For the period ended Jun 30, 2024. Filed Aug 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.
Jun 30, 2024 · Filed Aug 9, 2024
GETY$0.08-41.0%Stored close · as of Sep 28, 2026
Contents
Condensed Consolidated Balance Sheets as of June, 2024 and December 31, 2023
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share and par value data)
| June 30,2024 | December 31,2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $121,702 | $136,623 |
| Restricted cash | 4,530 | 4,227 |
| Accounts receivable – net of allowance of $6,475 and $6,526, respectively | 121,293 | 138,730 |
| Prepaid expenses | 13,820 | 15,798 |
| Insurance recovery receivable | 46,491 | 48,615 |
| Taxes receivable | 9,951 | 9,758 |
| Other current assets | 12,615 | 11,253 |
| Total current assets | 330,402 | 365,004 |
| Property and equipment, net | 179,272 | 179,378 |
| Operating lease right-of-use assets | 36,498 | 41,098 |
| Goodwill | 1,514,752 | 1,501,814 |
| Intangible assets, net of accumulated amortization | 397,928 | 403,805 |
| Deferred income taxes, net | 69,120 | 69,400 |
| Other assets | 38,563 | 41,262 |
| Total assets | $2,566,535 | $2,601,761 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $96,823 | $102,525 |
| Accrued expenses | 48,332 | 43,653 |
| Income taxes payable | 10,420 | 11,325 |
| Litigation reserves | 100,847 | 98,149 |
| Deferred revenue | 169,396 | 176,349 |
| Total current liabilities | 425,818 | 432,001 |
| Long-term debt, net | 1,349,391 | 1,398,658 |
| Lease liabilities | 34,223 | 39,858 |
| Deferred income taxes, net | 30,024 | 21,580 |
| Uncertain tax positions | 22,919 | 24,772 |
| Other long-term liabilities | 1,951 | 3,462 |
| Total liabilities | 1,864,326 | 1,920,331 |
| Commitments & contingencies (Note 12) | ||
| Stockholders' equity: | ||
| Class A common stock, $0.0001 par value: 2.0 billion shares authorized; 410.1 million shares issued and outstanding as of June 30, 2024 and 405.0 million shares issued and outstanding as of December 31, 2023 | 41 | 40 |
| Additional paid-in capital | 2,005,180 | 1,983,276 |
| Accumulated deficit | (1,245,713) | (1,263,015) |
| Accumulated other comprehensive loss | (105,478) | (87,076) |
| Total Getty Images Holdings, Inc. stockholders’ equity | 654,030 | 633,225 |
| Non-controlling interest | 48,179 | 48,205 |
| Total stockholders’ equity | 702,209 | 681,430 |
| Total liabilities and stockholders’ equity | $2,566,535 | $2,601,761 |
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