AlTi Global Inc
For the period ended Sep 30, 2024. Filed Nov 12, 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 12, 2024
ALTI$2.47+5.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statement of Cash Flows (Unaudited)
Condensed Consolidated Statement of Cash Flows (Unaudited)
| For the Nine Months Ended | ||
|---|---|---|
| (Dollars in Thousands) | September 30, 2024 | September 30, 2023 |
| Cash Flows from Operating Activities | ||
| Net income (loss) | $(98,619) | $(234,928) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 11,001 | 11,848 |
| Amortization of debt discounts and deferred financing costs | 1,666 | (4,106) |
| Unrealized (gain) loss on investments | (2,938) | 3,275 |
| Realized (gain) loss on investments | (10,719) | — |
| Impairment loss on goodwill and intangible assets | 116,777 | 183,252 |
| Fair value (gain) loss on TRA | (3,786) | 1,331 |
| (Income) loss on equity method investments | 1,422 | 2,439 |
| Fair value (gain) loss on warrant liability | (3,973) | 12,866 |
| Fair value (gain) loss on earnout liability | (41,922) | (46,212) |
| Fair value gain (loss) on preferred stock tranche liability | (1,140) | — |
| Deferred income tax (benefit) expense | (16,786) | (16,146) |
| Equity-settled share-based payments | 13,892 | 35,090 |
| Unrealized foreign currency (gains)/losses | 17 | 444 |
| (Gain) loss from retirement of debt | — | (73) |
| Forgiveness of debt shareholder loan | 159 | — |
| Forgiveness of debt of notes receivable from members | — | 196 |
| Fair value of interest rate swap | — | 33 |
| Cash flows due to changes in operating assets and liabilities | ||
| (Increase) decrease in fees receivable | 38,509 | 7,132 |
| (Increase) decrease in other assets | (9,008) | (4,110) |
| Operating cash flow from operating leases | 3,514 | 838 |
| Increase (decrease) in accounts payable and accrued expenses | (20,511) | (14,914) |
| Increase (decrease) in accrued compensation and profit sharing | (36,090) | (4,288) |
| Increase (decrease) in other liabilities | 8,011 | (14,718) |
| Other operating activities | (72) | (250) |
| Net cash provided by (used in) operating activities | (50,596) | (81,001) |
| (Continued on the following page) | ||
Condensed Consolidated Statement of Cash Flows (Unaudited)
| (Continued from the previous page) | For the Nine Months Ended | |
|---|---|---|
| (Dollars in Thousands) | September 30, 2024 | September 30, 2023 |
| Cash Flows from Investing Activities | ||
| Cash payment for acquisition of TWMH and TIG historical equity | — | (99,999) |
| Receipt of payments of notes receivable from members | 285 | 226 |
| Cash receipts from the repayment of advances and loans | — | 305 |
| Purchases of investments | (102) | (15,499) |
| Cash payment for delayed share purchase agreement | (1,818) | — |
| Payment of payout right | — | (760) |
| Acquisition of AIMS, net of cash acquired | — | (3,783) |
| Acquisition of ALWP, net of cash acquired | — | (14,430) |
| Acquisition of EEA | (69,182) | — |
| Acquisition of PW, net of cash acquired | (1,467) | — |
| Acquisition of Envoi | (25,258) | — |
| Sales of investments | 818 | 1,818 |
| Proceeds from sale of FOS | 16,683 | — |
| Proceeds from sale of LXi REIT Advisors | 32,202 | — |
| Sale of fixed assets | 144 | 8 |
| Purchases of fixed assets | (5,772) | (269) |
| Net cash provided by (used in) investing activities | (53,467) | (132,383) |
| Cash Flows from Financing Activities | ||
| Proceeds from issuance of preferred stock, warrants, and preferred stock tranche liability | 305,340 | — |
| Proceeds from issuance of common stock | 94,660 | — |
| Member contribution (distribution) | (6,764) | (8,494) |
| Payments on term notes and lines of credit | (89,862) | (155,489) |
| Borrowings on term notes and lines of credit | 32,258 | 206,660 |
| Payment of acquisition-related deferred consideration | (7,249) | — |
| Payments of debt issuance costs | (1,519) | — |
| Tax payments related to vesting of RSUs | (4,037) | — |
| Tax payments on behalf of Umbrella partners | (379) | — |
| Increase (decrease) in distributions due to former TIG members | — | (13,419) |
| Cash payment for purchase of shares to be transferred as part of Alvarium share compensation | — | (4,215) |
| Cash receipts from exercise of Warrants | — | 5,836 |
| Payment of preferred stock issuance costs | (10,235) | — |
| Payment of common stock issuance costs | (4,236) | — |
| Payment of warrants and preferred stock tranche liability issuance costs | (512) | — |
| Cash payment of earn-in liability | (754) | — |
| Net cash provided by (used in) financing activities | 306,711 | 30,879 |
| Effect of exchange rate changes on cash | 1,244 | 2,782 |
| Net increase (decrease) in cash | 203,892 | (179,723) |
| Cash and cash equivalents at beginning of the period | 18,246 | 194,086 |
| Cash and cash equivalents at end of the period | $222,138 | $14,363 |
| Reconciliation of balance sheet cash and cash equivalents to cash flows: | ||
| Cash and cash equivalents on balance sheet | $222,138 | $12,196 |
| Cash and cash equivalents included in Assets held for sale (Note 3) | — | $2,167 |
| Cash and cash equivalents, including cash in Assets held for sale | $222,138 | $14,363 |
| Supplemental Disclosure of Cash Flow Information | ||
| Cash Paid During the Period for: | ||
| Income taxes | 983 | 797 |
| Interest payments on term notes and lines of credit | 12,900 | 10,145 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.