← Advantage Solutions Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net loss from continuing operations | — | — | — | ($19.8m) | ($175.1m) | $57.5m | ($1.4b) | ($60.3m) | ($378.4m) | ($227.7m) | — | |
| Net loss | — | — | ($7.0m) | $3.8m | ($6.0m) | ($3.1m) | ($6.7m) | ($5.5m) | ($9.1m) | ($2.3m) | — | |
| Profit or Loss | — | — | — | $3.8m | ($6.0m) | ($3.1m) | ($6.7m) | — | — | — | — | |
| Net Income (Loss) Attributable to Parent | — | — | — | — | ($175.8m) |
$54.5m
+131.00%
|
($1.4b)
-2633.31%
|
($63.3m)
+95.42%
|
($327.0m)
-416.87%
|
($227.7m)
+30.35%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | — | ($175.1m) | $57.5m | ($1.4b) | ($60.6m) | ($324.8m) | ($227.7m) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | $736k | $3.1m | $3.2m | $2.9m | — | — | — | |
| Depreciation and amortization | $2.1m | $1.9m | $225.2m | $232.6m | $238.6m | $240.0m | $233.1m | $224.7m | $204.6m | $202.3m | $204.0m | |
| Amortization of Debt Issuance Costs and Discounts | — | — | — | — | $14.8m | — | $0 | $0 | ($971k) | $0 | — | |
| Amortization of Intangible Assets | — | — | — | — | $191.2m | $198.9m | $200.8m | $196.4m | $177.3m | $171.6m | — | |
| Depreciation | $2.1m | $1.9m | $225.2m | $232.6m | $45.1m | $41.1m | $32.2m | $28.3m | $27.3m | $30.7m | $204.0m | |
| Amortization of deferred financing fees | — | — | — | — | $14.8m | $9.2m | $8.9m | $8.3m | $6.8m | $7.0m | — | |
| Non-cash lease amortization and accretion (Note 13) | — | — | — | — | — | — | $752k | $683k | $353k | $235k | — | |
| Amortization of deferred gain on sale of aircraft | $0 | ($104k) | ($155k) | $0 | — | — | — | — | — | — | — | |
| Deferred Income Tax Expense (Benefit) | — | $73k | $0 | $0 | ($14.4m) | ($10.0m) | ($190.8m) | ($80.4m) | ($57.3m) | ($57.5m) | ($38.3m) | |
| Deferred income taxes | — | — | ($213.6m) | ($68.1m) | ($14.4m) | ($10.0m) | ($190.8m) | ($80.4m) | ($57.3m) | ($57.5m) | ($38.3m) | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | — | $89.8m | ($15.0m) | ($6.9m) | ($2.5m) | $723k | ($1.5m) | $23.0m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | $39.4m | $39.8m | $42.9m | $31.0m | $26.9m | $23.0m | |
| Stock-based compensation | — | — | — | $0 | $0 | $39.4m | $39.8m | $42.9m | $31.0m | $26.9m | $23.0m | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | $1.4b | — | $233.2m | $36.6m | $175.5m | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | $0 | $1.6b | $43.5m | $275.2m | $203.7m | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | $0 | $0 | $1.6b | $43.5m | $275.2m | $203.7m | — | |
| Impairment of goodwill and indefinite-lived asset | — | — | — | — | $0 | $0 | $1.6b | $43.5m | $275.2m | $203.7m | — | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | $1.8m | $5.3m | $2.1m | $7.5m | — | |
| Nonoperating Income (Expense) | $4k | $1k | ($30k) | $2k | $2k | — | ($83.2m) | ($165.5m) | ($146.2m) | ($138.9m) | — | |
| Distribution received from equity method investments | — | — | — | — | — | — | $1.8m | $2.1m | $3.3m | $1.8m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | — | — | — | — | ($116.1m) | $215.5m | $75.7m | ($45.6m) | ($51.2m) | ($8.0m) | $31.1m | |
| Accounts receivable, net | — | — | $73.7m | ($33.3m) | $116.1m | ($215.5m) | ($75.7m) | $45.6m | $51.2m | $8.0m | $31.1m | |
| Increase (Decrease) in Accounts Payable | — | — | ($14.4m) | $21.6m | $10.9m | $46.0m | ($17.6m) | ($26.2m) | ($12.9m) | $5.3m | $390k | |
| Accrued compensation and benefits | — | — | ($2.9m) | $19.4m | $4.5m | ($2.4m) | $16.7m | $26.9m | ($30.4m) | ($10.7m) | — | |
| Deferred revenues | — | — | $12.7m | $2.2m | $4.5m | ($2.7m) | ($11.6m) | $7.0m | ($2.1m) | $7.3m | — | |
| Other accrued expenses and other liabilities | — | — | ($75.1m) | ($45.7m) | ($27.1m) | ($5.0m) | $18.4m | $5.1m | ($24.3m) | ($33.0m) | — | |
| Other | ($3k) | ($3k) | — | — | $755k | ($8.3m) | ($43.8m) | ($7.7m) | $5.2m | $282k | — | |
| Prepaid expenses and other assets | — | — | ($2.1m) | $19.1m | $24.7m | ($14.0m) | ($22.7m) | $50.6m | $28.4m | ($31.4m) | — | |
| Other Operating Expense | — | — | — | — | — | $404 | $2k | $2k | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | ($7.6m) |
($5.5m)
+27.98%
|
$126.3m
+2412.08%
|
($1.2m)
-100.96%
|
$345.7m
+28497.51%
|
$126.0m
-63.56%
|
$121.3m
-3.76%
|
$239.0m
+97.10%
|
$93.1m
-61.05%
|
$61.5m
-33.90%
|
$126.5m
+105.54%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | ($90k) | $3.1m | ($47.2m) | ($52.4m) | $30.9m | $31.2m | $40.5m | $46.3m | $7.8m | $6.5m | ($56.5m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | ($21.1m) | ($7.2m) | ($644k) | — | — | — | ($35.5m) | |
| Acquisition of intellectual property (Note 8) | — | — | — | $0 | $0 | ($65k) | $0 | $0 | — | — | — | |
| Purchase of investments in unconsolidated affiliates | — | — | ($269k) | ($1.9m) | $0 | ($2.0m) | ($775k) | ($3.0m) | ($13.9m) | ($3.7m) | — | |
| Proceeds from sale of investments in unconsolidated affiliates | — | — | — | $1.3m | $0 | $0 | $0 | $4.4m | $0 | $0 | — | |
| Proceeds from short-term investments (Note 3) | — | — | — | $76k | $3.4m | ($209k) | $550k | $0 | $0 | ($350k) | — | |
| Increase in short-term investments | $602k | $503k | ($3.0m) | — | — | — | — | — | — | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | $68.1m | $42.7m | $74.2m | $0 | $0 | — | ($2.4m) | |
| Gain on divestiture and deconsolidation of subsidiaries | — | — | — | — | — | — | — | ($58.9m) | $0 | ($28.0m) | — | |
| Proceeds from divestitures | — | — | $2.0m | $1.8m | $0 | $0 | $1.9m | $21.1m | $275.7m | $60.5m | — | |
| Net cash (used in) provided by investing activities | $527k | $3.1m | ($231.4m) | ($449.2m) | ($99.0m) | ($75.8m) | ($113.5m) | ($55.2m) | $206.4m | $3.8m | — | |
| Net Cash Provided by (Used in) Investing Activities | $527k | $3.1m | ($231.4m) | ($449.2m) | ($99.0m) | ($75.8m) | ($113.5m) | ($55.2m) | $206.4m | $3.8m | $42.5m | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | — | — | — | — | $3.2b | $13.3m | $13.4m | $13.6m | $13.1m | $13.2m | ($194.4m) | |
| Gain on repurchases of Senior Secured Notes and Term Loan Facility debt | — | — | — | — | — | — | $0 | ($8.7m) | ($9.1m) | ($1.6m) | — | |
| Borrowings under lines of credit | — | — | $30.0m | $20.1m | $213.9m | $61.6m | $326.1m | $99.5m | $0 | $90.0m | — | |
| Principal payments on long-term debt | — | — | ($27.1m) | ($25.8m) | ($3.2b) | ($13.3m) | ($13.4m) | ($13.6m) | ($13.1m) | ($13.2m) | — | |
| Repurchases of Senior Secured Notes and Term Loan Facility debt | — | — | — | — | — | $0 | $0 | ($156.6m) | ($147.1m) | ($18.2m) | — | |
| Repayment of long-term debt (Note 12) | — | — | — | — | — | $1.0m | ($65k) | ($111k) | ($111k) | ($111k) | — | |
| Proceeds from Debt Issuance | — | — | — | $0 | $0 | $0 | $0 | $3.5m | $4.7m | $0 | — | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | $12.6m | $0 | $6.4m | $34.1m | $869k | — | |
| Proceeds from Issuance of Common Stock | $499k | $36k | $5k | $0 | $0 | $794k | $3.3m | $2.2m | $2.3m | — | $2.1m | |
| Dividends Payable | — | — | — | — | — | — | $0 | $0 | — | — | — | |
| Payments for taxes related to net share settlement of equity awards | — | — | — | — | — | — | — | ($1.9m) | ($12.8m) | ($3.6m) | — | |
| Net Cash from Financing Activities | $0 | $0 | $9.2m |
($1.5m)
-116.32%
|
$0
+100.00%
|
$0 | $0 | $1.6m |
$0
-100.00%
|
$2.8m | — | |
| Net Cash Provided by (Used in) Financing Activities | — | — | — | $451.4m |
($230.2m)
-150.98%
|
($86.3m)
+62.50%
|
($41.6m)
+51.75%
|
($181.3m)
-335.45%
|
($211.4m)
-16.59%
|
($36.2m)
+82.87%
|
($179.9m)
-396.76%
|
|
| Net increase (decrease) in cash and cash equivalents | ($6.6m) | ($324k) | $173k | $2.5m | ($168k) | — | — | — | — | — | — | |
| Decrease (increase) in restricted cash | $75k | $0 | $0 | — | — | — | — | — | — | — | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | $20.9m | ($39.3m) | ($42.1m) | $4.3m | $83.5m | $32.2m | $109.3m | |
| Cash, cash equivalents and restricted cash, beginning of period | — | — | $144.5m | $199.0m | $220.0m | $180.6m | $138.5m | $142.8m | $220.8m | $253.0m | — | |
| Cash And Cash Equivalents, Beginning Of The Year | $7.1m | $490k | $167k | $340k | $2.9m | $2.7m | — | — | — | — | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $220.0m | $180.6m | $138.5m | $142.8m | $220.8m | $253.0m | $109.3m | |
| Deconsolidation of subsidiaries cash and cash equivalents and restricted cash, net of proceeds | — | — | — | — | — | $0 | $0 | ($31.5m) | $0 | $0 | — | |
| Net effect of foreign currency changes on cash, cash equivalents and restricted cash | — | — | — | — | — | — | ($7.9m) | $1.8m | ($4.6m) | $3.1m | — | |
| Net change in cash, cash equivalents and restricted cash | — | — | ($44.1m) | $54.5m | $20.9m | ($39.3m) | ($42.1m) | $4.3m | $83.5m | $32.2m | — | |
| Effect of Exchange Rate on Cash | — | — | $25k | ($38k) | ($24k) | ($497) | $369 | ($7k) | $19k | ($86k) | $5.1m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | ($17k) | $151.0m | $137.5m | $126.6m | $174.8m | $163.2m | $142.7m | — | |
| Income Taxes Paid, Net | $1.6m | $73k | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $19.3m | — | |
| Additional Financial Items | ||||||||||||
| Deconsolidation, Gain (Loss), Amount | — | — | — | — | — | — | — | $58.9m | $0 | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | — | ($19.1m) | $0 | — | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | — | ($2.7m) | ($3.4m) | $28.0m | — | |
| Goodwill | — | — | — | — | $2.2b | $2.2b | $887.9m | $855.4m | $477.0m | $438.9m | $175.5m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | ($19.8m) | ($175.1m) | $57.5m | ($1.4b) | ($60.3m) | ($378.4m) | ($227.7m) | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | ($19.8m) | ($175.1m) | $57.5m | ($1.4b) | ($60.3m) | ($378.4m) | ($227.7m) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | $53.6m | $0 | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | — | $51.4m | $0 | — | |
| Income Tax Expense (Benefit) | — | $73k | $0 | $0 | ($5.3m) | $33.6m | ($145.3m) | ($29.0m) | ($62.8m) | ($37.6m) | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $146.8m | $138.9m | — | |
| Payments of Financing Costs | — | — | — | — | — | — | $1.5m | $0 | — | — | — | |
| Proceeds from Noncontrolling Interests | — | — | — | — | — | $0 | $5.2m | $0 | $0 | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | — | $3.2b | $3.6b | $4.0b | $4.2b | $3.6b | $3.5b | — | |
| Non-cash adjustments on derivatives and non-cash interest expense (income) | — | — | — | — | — | — | — | ($7.7m) | $5.2m | ($2.1m) | — | |
| Fair value adjustments related to contingent consideration | — | — | ($45.7m) | $6.1m | $16.1m | $5.8m | $4.8m | $10.4m | $1.7m | $0 | — | |
| Equity-based compensation of Karman Topco L.P. | $790k | $581k | ($7.9m) | $1.3m | $89.8m | ($15.0m) | ($6.9m) | ($2.5m) | $723k | ($1.5m) | — | |
| Income from investment in European joint venture and other | — | — | — | — | — | — | — | ($5.5m) | ($2.1m) | ($7.5m) | — | |
| Purchase and development of capitalized software | — | — | — | — | — | — | ($20.7m) | ($20.9m) | ($47.5m) | ($46.4m) | — | |
| Payments on lines of credit | — | — | ($30.0m) | ($19.7m) | ($164.8m) | ($111.7m) | ($327.0m) | ($99.1m) | $0 | ($90.0m) | — | |
| Deferred consideration paid for purchases in unconsolidated affiliates | — | — | — | — | — | — | — | $0 | $0 | ($2.1m) | — | |
| Contingent consideration payments | — | — | ($26.8m) | ($21.2m) | ($18.3m) | ($9.8m) | ($23.2m) | ($4.9m) | ($5.7m) | $0 | — | |
| Proceeds from employee stock purchase plan | — | — | — | — | — | — | — | $2.2m | $2.3m | $1.8m | — | |
| Holdback payments | — | — | ($845k) | ($1.2m) | ($2.7m) | ($4.0m) | ($11.1m) | ($1.9m) | $0 | $0 | — | |
| Redemption of noncontrolling interest | — | — | ($3.3m) | ($632k) | $0 | ($209k) | ($224k) | ($154k) | $0 | $0 | — | |
| Purchase of treasury stock | — | — | — | $0 | $0 | ($12.6m) | $0 | ($6.4m) | ($34.1m) | ($869k) | — | |
| Accretion expense (recovery) (Note 14) | — | — | — | $2k | $2k | ($404) | $2k | $2k | ($2k) | ($1k) | — | |
| Foreign exchange (gain) loss | — | — | — | — | — | $157 | ($14k) | ($25k) | $659k | ($297k) | — | |
| Loss on disposal of assets and lease modifications | — | — | — | — | $0 | $0 | ($12k) | $0 | $135k | $7k | — | |
| Remeasurement of convertible debentures (Note 11) | — | — | — | — | — | — | $0 | $0 | $297k | $5.4m | — | |
| Change in non-cash working capital balances (Note 22) | ($1.4m) | $829k | ($858k) | ($1.5m) | $626k | $14k | $1.8m | ($1.3m) | $1.9m | ($4.3m) | — | |
| Prepaid Long-term insurance | — | — | — | — | — | $0 | $0 | ($12k) | $0 | $0 | — | |
| Items not affecting cash | — | — | — | — | — | $2.1m | $3.8m | $619k | $5.1m | $3.5m | — | |
| Stock Repurchases (Issuances) | — | — | $0 | $0 | $8k | $69k | $50k | $36k | $42k | $43k | — | |
| Proceeds from stock options and restricted Stock Units | — | — | — | — | — | $0 | $0 | $4k | $0 | $66k | — | |
| Repayment of lease obligations (Note 13) | ($34k) | ($37k) | ($40k) | ($160k) | ($181k) | ($151k) | ($28k) | $0 | ($360k) | ($566k) | — | |
| Interest Expense | $16k | $4k | ($59k) | ($17k) | ($21k) | $14k | $36k | $121k | $549k | $487k | — | |
| Net proceeds from Rights Offering (Note 15) | $0 | $2.0m | $0 | $0 | — | $0 | $216k | $0 | $0 | — | — | |
| Share issuance costs for Geothermal (Note 15) | — | — | — | $0 | $0 | ($43k) | $0 | $0 | — | — | — | |
| Non-cash Lease Costs | — | — | — | ($12k) | ($12k) | ($12k) | ($8k) | — | — | — | — | |
| Unrealized Foreign Exchange (gain) Loss | $0 | $0 | ($45k) | $64k | $35k | $157 | $14k | — | — | — | — | |
| Aro Liabilities Settled (note 13) | — | $0 | $0 | ($7k) | ($809) | $0 | $0 | — | — | — | — | |
| Total Non-cash Items | $1.5m | $3.5m | $900k | $405k | $2.6m | $2.1m | $3.8m | — | — | — | — | |
| Proceeds from Stock Issuance | $499k | $36k | $5k | $0 | $0 | $43k | $0 | — | — | — | — | |
| Shares Purchased And Retired (note 16) | — | — | — | ($1.3m) | $0 | $0 | — | — | — | — | — | |
| Non-cash lease and interest (Note 25) | — | $0 | ($155k) | ($171k) | ($171k) | — | — | — | — | — | — | |
| Deferred rent | ($3k) | ($3k) | ($3k) | $0 | $0 | — | — | — | — | — | — | |
| Gain on extinguishment of liabilities (Note 25) | $0 | $0 | ($186k) | $0 | $0 | — | — | — | — | — | — | |
| Total | — | $829k | ($858k) | ($1.5m) | $626k | — | — | — | — | — | — | |
| Net funds used in targeted issuer bid (Note 15) | — | $0 | $0 | ($1.3m) | $0 | — | — | — | — | — | — | |
| Comprehensive income (loss) for the year | ($9.1m) | ($9.0m) | ($7.0m) | $3.8m | — | — | — | — | — | — | — | |
| Settlement of payable with shares | $0 | $95k | $0 | $0 | — | — | — | — | — | — | — | |
| Valuation allowance of Bolivian Tax Credits | $0 | $208k | $0 | $0 | — | — | — | — | — | — | — | |
| Gain on settlement of liabilities and deferred rent | — | ($3k) | ($189k) | $0 | — | — | — | — | — | — | — | |
| Cost of equity-based transaction with non-employee | $0 | ($6k) | $0 | $0 | — | — | — | — | — | — | — | |
| Asset retirement obligations paid | $0 | ($821) | $0 | — | — | — | — | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.