Wheels Up Experience Inc
For the period ended Dec 31, 2023. Filed Mar 7, 2024.
View on SEC.govAbout this filing
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FY2023 · Filed Mar 7, 2024
UP$2.46-10.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Equity
(In thousands, except share data)
| Common Stock · Treasury Stock | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| (in thousands) | Shares | Amount | Additional paid-in capital | Accumulateddeficit | Accumulatedother comprehensive loss | Shares | Amount | Non-controlling interests | Total |
| Balance at December 31, 2020 | 16,971,715 | $1 | $798,493 | $(530,693) | $— | — | $— | $26,025 | $293,826 |
| Consideration issued for business combinations | 396,890 | — | 30,172 | — | — | — | — | — | 30,172 |
| Exercise of stock options | 35,205 | — | 2,107 | — | — | — | — | — | 2,107 |
| Exchange of profits interests | 19,937 | — | 1,866 | — | — | — | — | (1,866) | — |
| Equity-based compensation | — | — | 32,433 | — | — | — | — | 17,240 | 49,673 |
| Issuance of Common Stock in connection with Business Combination and PIPE Investment | 7,159,710 | 1 | 656,303 | — | — | — | — | — | 656,304 |
| Transaction costs attributable to the issuance of common stock in connection with Business Combination and PIPE Investment | — | — | (70,406) | — | — | — | — | — | (70,406) |
| Balance at Acquisition of warrant liabilities | — | — | (28,219) | — | — | — | — | — | (28,219) |
| Change in non-controlling interests allocation | — | — | 28,112 | — | — | — | — | (28,112) | — |
| Net loss | — | — | — | (190,020) | — | — | — | (7,210) | (197,230) |
| Balance at December 31, 2021 | 24,583,457 | $2 | $1,450,861 | $(720,713) | $— | — | $— | $6,077 | $736,227 |
| Equity-based compensation | — | — | 54,549 | — | — | — | — | 34,430 | 88,979 |
| Change in non-controlling interests allocation | — | — | 40,120 | — | — | — | — | (40,120) | — |
| Shares withheld for employee taxes on vested equity awards | — | — | — | — | — | 264,441 | (7,687) | — | (7,687) |
| Issuance of Common Stock upon settlement of restricted stock units | 614,841 | 1 | — | — | — | — | — | — | 1 |
| Net loss | — | — | — | (555,160) | — | — | — | (387) | (555,547) |
| Other comprehensive loss | — | — | — | — | (10,053) | — | — | — | (10,053) |
| Balance at December 31, 2022 | 25,198,298 | $3 | $1,545,530 | $(1,275,873) | $(10,053) | 264,441 | $(7,687) | $— | $251,920 |
| Equity-based compensation | — | — | 21,881 | — | — | — | — | 1,276 | 23,157 |
| Change in non-controlling interests allocation | — | — | 1,276 | — | — | — | — | (1,276) | — |
| Issuance of Common Stock in connection with debt issuance | 671,239,941 | 67 | 310,322 | — | — | — | — | — | 310,389 |
| Reverse stock split fractional shares | — | — | — | — | — | 859 | (3) | — | (3) |
| Shares withheld for employee taxes on vested awards | — | — | — | — | — | 10,407 | (28) | — | (28) |
| Issuance of Common Stock upon settlement of restricted stock units | 693,599 | — | — | — | — | — | — | — | — |
| Net loss | — | — | — | (487,387) | — | — | — | — | (487,387) |
| Other comprehensive loss | — | — | — | — | (651) | — | — | — | (651) |
| Balance at December 31, 2023 | 697,131,838 | $70 | $1,879,009 | $(1,763,260) | $(10,704) | 275,707 | $(7,718) | $— | $97,397 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.