ZoomInfo Technologies Inc
For the period ended Dec 31, 2023. Filed Feb 15, 2024.
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FY2023 · Filed Feb 15, 2024
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Consolidated Balance Sheets
| ZoomInfo Technologies Inc. | ||
|---|---|---|
| Consolidated Balance Sheets | ||
| (in millions, except shares data) | ||
| December 31, | ||
| 2023 | 2022 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $447.1 | $418.0 |
| Short-term investments | 82.2 | 127.7 |
| Restricted cash, current | 0.2 | — |
| Accounts receivable | 272.0 | 222.9 |
| Prepaid expenses and other current assets | 59.6 | 57.8 |
| Income tax receivable | 3.2 | 5.6 |
| Total current assets | $864.3 | $832.0 |
| Restricted cash, non-current | 8.9 | 6.1 |
| Property and equipment, net | 65.1 | 52.1 |
| Operating lease right-of-use assets, net | 80.7 | 63.0 |
| Intangible assets, net | 334.6 | 395.6 |
| Goodwill | 1,692.7 | 1,692.7 |
| Deferred tax assets | 3,707.1 | 3,977.9 |
| Deferred costs and other assets, net of current portion | 114.9 | 117.0 |
| Total assets | $6,868.3 | $7,136.4 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities: | ||
| Accounts payable | $34.4 | $35.6 |
| Accrued expenses and other current liabilities | 113.8 | 104.1 |
| Unearned revenue, current portion | 439.6 | 416.8 |
| Income taxes payable | 2.0 | 5.9 |
| Current portion of tax receivable agreements liability | 31.4 | — |
| Current portion of operating lease liabilities | 11.2 | 10.3 |
| Current portion of long-term debt | 6.0 | — |
| Total current liabilities | $638.4 | $572.7 |
| Unearned revenue, net of current portion | 2.3 | 3.1 |
| Tax receivable agreements liability, net of current portion | 2,786.6 | 2,978.7 |
| Operating lease liabilities, net of current portion | 89.9 | 67.9 |
| Long-term debt, net of current portion | 1,226.4 | 1,235.7 |
| Deferred tax liabilities | 1.9 | 1.0 |
| Other long-term liabilities | 3.5 | 5.5 |
| Total liabilities | $4,749.0 | $4,864.6 |
| Commitments and Contingencies (Note 11) | ||
| Stockholders' Equity: | ||
| Common stock, par value $0.01; 3,300,000,000 shares authorized as of December 31, 2023 and 2022; 384,830,529 and 404,083,262 issued and outstanding as of December 31, 2023 and 2022, respectively* | $3.8 | $4.0 |
| Preferred stock, par value $0.01; 200,000,000 shares authorized as of December 31, 2023 and 2022; zero issued and outstanding as of December 31, 2023 and 2022 | — | — |
| Additional paid-in capital | 1,804.9 | 2,052.1 |
| Accumulated other comprehensive income | 27.3 | 39.7 |
| Retained earnings | 283.3 | 176.0 |
| Total stockholders' equity | $2,119.3 | $2,271.8 |
| Total liabilities and stockholders' equity | $6,868.3 | $7,136.4 |
(*) Until May 2022, for the periods presented, there were 2,500,000,000 Class A shares,500,000,000 Class B shares, and 300,000,000 Class C shares authorized, butzero issued and outstanding Class B and Class C shares following the Holding Company Reorganization.
See accompanying Notes to Consolidated Financial Statements.
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