Getty Images Holdings, Inc.

For the period ended Dec 31, 2024. Filed Mar 17, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 17, 2025

GETY$0.08-41.0%Stored close · as of Sep 28, 2026

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Contents

Item 8. Consolidated Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

	Year Ended December 31,
	2024	2023	2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$39,472	$19,577	$(77,643)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation	58,987	54,374	49,574
Amortization	2,306	24,069	43,645
Foreign currency (losses) gain on foreign denominated debt	(28,411)	16,579	(26,636)
Equity-based compensation	21,848	37,652	9,292
Non-cash fair value adjustment for common stock warrants	—	—	160,728
Deferred income taxes – net	4,094	(76,624)	15,801
Uncertain tax positions	(2,321)	(12,561)	(5,368)
Impairment of equity method investment	7,459	—	—
Non-cash fair value adjustment for swaps and foreign currency exchange contracts	1,459	7,573	(22,005)
Amortization of debt issuance costs	2,518	3,965	6,096
Non cash operating lease costs	11,469	12,173	9,760
Impairment of right of use assets	—	—	2,563
Loss on extinguishment of debt	—	—	2,693
Transaction costs allocated to common stock warrants	—	—	4,262
Non-cash fair value adjustment of contingent consideration	—	—	(4,039)
Other	5,661	4,458	3,428
Changes in assets and liabilities:
Accounts receivable	(18,408)	(11,704)	6,016
Accounts payable	(4,759)	9,799	6,001
Accrued expenses	14,426	(6,808)	(14,231)
Insurance recovery receivable	3,615	(48,615)	—
Litigation reserves	12,845	98,149	—
Lease liabilities, non-current	(12,423)	(13,187)	(11,408)
Income taxes receivable/payable	(1,388)	8,027	(188)
Deferred revenue	492	4,532	9,140
Other	(621)	1,288	(4,364)
Net cash provided by operating activities	118,320	132,716	163,117
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property and equipment	(57,450)	(56,999)	(59,291)
Purchase of a minority investment	—	—	(2,000)
Acquisition of a business, net of cash acquired	(15,038)	—	—
Net cash used in investing activities	(72,488)	(56,999)	(61,291)
CASH FLOWS FROM FINANCING ACTIVITIES:
Prepayment of debt	(57,800)	(50,400)	(310,400)
Payment of contingent consideration	—	—	(10,000)
Payment of Redeemable Preferred Stock	—	—	(614,996)
Cash contributions from business combination	—	—	864,164
Debt issuance costs	(3,641)	(1,137)	—
Proceeds from common stock issuance	7,878	15,050	—
Cash paid for settlement of employee taxes related to exercise of equity-based awards	(2,655)	(8,713)	(6,267)
Cash paid for equity issuance costs	—	(150)	(106,917)
Proceeds from option and warrant exercises	—	—	313
Redemption of warrants for cash	—	—	(244)
Net cash used in financing activities	(56,218)	(45,350)	(184,347)
Effects of exchange rates fluctuations	(5,160)	8,089	(6,614)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(15,546)	38,456	(89,135)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - Beginning of period	140,850	102,394	191,529
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - End of period	$125,304	$140,850	$102,394
SUPPLEMENTAL DISCLOSURES:
Interest paid	$128,804	$122,826	$110,909
Income taxes paid, including foreign taxes withheld	$41,400	$31,700	$30,800

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.