BuzzFeed Inc
For the period ended Mar 31, 2024. Filed May 14, 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.
Mar 31, 2024 · Filed May 14, 2024
BZFD$0.46-15.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(Dollars and shares in thousands, except per share amounts)
| March 31, 2024(Unaudited) | December 31,2023 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $44,457 | $35,637 |
| Restricted cash | 17,050 | — |
| Accounts receivable (net of allowance for doubtful accounts of $1,351 as at March 31, 2024 and $1,424 as at December 31, 2023) | 50,982 | 75,692 |
| Prepaid expenses and other current assets | 20,424 | 21,460 |
| Current assets of discontinued operations | — | — |
| Total current assets | 132,913 | 132,789 |
| Property and equipment, net | 10,324 | 11,856 |
| Right-of-use assets | 42,430 | 46,715 |
| Capitalized software costs, net | 22,142 | 22,292 |
| Intangible assets, net | 25,801 | 26,665 |
| Goodwill | 57,562 | 57,562 |
| Prepaid expenses and other assets | 7,865 | 9,508 |
| Noncurrent assets of discontinued operations | — | 104,089 |
| Total assets | $299,037 | $411,476 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities | ||
| Accounts payable | $22,544 | $46,378 |
| Accrued expenses | 16,532 | 15,515 |
| Deferred revenue | 2,401 | 1,895 |
| Accrued compensation | 19,002 | 12,970 |
| Current lease liabilities | 22,476 | 21,659 |
| Current debt | 100,435 | 124,977 |
| Other current liabilities | 6,347 | 4,401 |
| Current liabilities of discontinued operations | — | — |
| Total current liabilities | 189,737 | 227,795 |
| Noncurrent lease liabilities | 31,858 | 37,820 |
| Debt | — | 33,837 |
| Warrant liabilities | 442 | 406 |
| Other liabilities | 1,160 | 435 |
| Noncurrent liabilities of discontinued operations | — | — |
| Total liabilities | 223,197 | 300,293 |
| Commitments and contingencies | ||
| Stockholders’ equity | ||
| Class A common stock, $0.0001 par value; 700,000 shares authorized; 35,079 and 35,035 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively | 3 | 3 |
| Class B common stock, $0.0001 par value; 20,000 shares authorized; 1,368 and 1,368 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively | 1 | 1 |
| Additional paid-in capital | 723,868 | 723,092 |
| Accumulated deficit | (647,497) | (611,768) |
| Accumulated other comprehensive loss | (2,677) | (2,500) |
| Total BuzzFeed, Inc. stockholders’ equity | 73,698 | 108,828 |
| Noncontrolling interests | 2,142 | 2,355 |
| Total stockholders’ equity | 75,840 | 111,183 |
| Total liabilities and stockholders’ equity | $299,037 | $411,476 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.