Getty Images Holdings Inc
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 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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Condensed Consolidated Statements of Cash Flows
(In thousands)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income (loss) | $14,749 | $(19,522) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation | 43,928 | 40,349 |
| Amortization | 1,716 | 21,765 |
| Unrealized exchange gains (losses) on foreign denominated debt | 4,031 | (3,450) |
| Equity-based compensation | 17,454 | 27,185 |
| Deferred income taxes – net | 481 | (4,168) |
| Uncertain tax positions | (2,566) | (5,952) |
| Non-cash fair value adjustment for swaps - net | 1,459 | 5,047 |
| Amortization of debt issuance costs | 1,904 | 2,965 |
| Non-cash operating lease costs | 8,987 | 5,234 |
| Other | 2,342 | 3,348 |
| Changes in assets and liabilities: | ||
| Accounts receivable | 760 | (1,156) |
| Accounts payable | (6,136) | 2,781 |
| Accrued expenses | 6,734 | (232) |
| Insurance recovery receivable | 2,646 | (60,000) |
| Litigation reserves | 4,022 | 96,711 |
| Lease liabilities, non-current | (8,972) | (5,645) |
| Income taxes receivable/payable | (3,860) | (1,382) |
| Interest payable | (7,330) | (7,068) |
| Deferred revenue | (5,157) | 2,412 |
| Other | 1,432 | (231) |
| Net cash provided by operating activities | 78,624 | 98,991 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Acquisition of property and equipment | (42,323) | (41,868) |
| Acquisition of a business, net of cash acquired | (15,038) | — |
| Net cash used in investing activities | (57,361) | (41,868) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Debt issuance costs | (2,205) | (1,137) |
| Prepayment of debt | (55,200) | (47,800) |
| Proceeds from common stock issuance | 6,194 | 13,181 |
| Cash paid for settlement of employee taxes related to equity-based awards | (2,655) | (5,607) |
| Cash paid for equity issuance costs | — | (150) |
| Net cash used in financing activities | (53,866) | (41,513) |
| Effects of exchange rates fluctuations | 6,141 | (208) |
| NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | (26,462) | 15,402 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH – Beginning of period | 140,850 | 102,394 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH – End of period | $114,388 | $117,796 |
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