Advantage Solutions Inc. (ADV) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
15310 BARRANCA PARKWAY IRVINE, CA 92618 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7389 - Business Services, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 121 | 165 | 204 | 1 | |||
| Cash and cash equivalents | 121 | 165 | 204 | 1 | |||
| Receivables | 869 | 798 | 574 | ||||
| Prepaid expense | 0 | ||||||
| Other undisclosed current assets | 167 | 142 | 121 | 0 | |||
| Total current assets: | 1,157 | 1,104 | 900 | 1 | |||
| Noncurrent Assets | |||||||
| Property, plant and equipment | 71 | 64 | 80 | ||||
| Long-term investments and receivables | 129 | 125 | 116 | ||||
| Long-term investments | 129 | 125 | 116 | ||||
| Intangible assets, net (including goodwill), including: | 1,898 | 2,288 | 2,453 | ||||
| Goodwill | 888 | 2,206 | 2,163 | ||||
| Intangible assets, net (excluding goodwill) | 1,898 | 2,288 | 2,453 | ||||
| Other undisclosed intangible assets, net (including goodwill) | (888) | (2,206) | (2,163) | ||||
| Asset, held-in-trust | 453 | ||||||
| Other noncurrent assets | 120 | 68 | 66 | ||||
| Other undisclosed noncurrent assets | 888 | 2,206 | 2,163 | ||||
| Total noncurrent assets: | 3,105 | 4,750 | 4,878 | 453 | |||
| TOTAL ASSETS: | 4,262 | 5,854 | 5,777 | 454 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities, including: | 549 | 581 | 459 | 0 | |||
| Employee-related liabilities | ✕ | ✕ | 139 | 142 | |||
| Accounts payable | 261 | 277 | 195 | ||||
| Accrued liabilities | 288 | 164 | 122 | ||||
| Other undisclosed accounts payable and accrued liabilities | 0 | ||||||
| Deferred revenue | 37 | 50 | 52 | ||||
| Debt | 14 | 14 | 64 | ||||
| Due to related parties | 0 | ||||||
| Total current liabilities: | 601 | 646 | 575 | 0 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 2,023 | 2,029 | 2,029 | ||||
| Long-term debt, excluding current maturities | 2,023 | 2,029 | 2,029 | ||||
| Liabilities, other than long-term debt | 408 | 575 | 633 | ||||
| Deferred income tax liabilities | 298 | 483 | 491 | ||||
| Other liabilities | 111 | 92 | 142 | ||||
| Other undisclosed noncurrent liabilities | 1 | 22 | 21 | 16 | |||
| Total noncurrent liabilities: | 2,432 | 2,626 | 2,684 | 16 | |||
| Total liabilities: | 3,033 | 3,272 | 3,259 | 16 | |||
| Temporary equity, carrying amount | 4 | 2 | |||||
| Equity | |||||||
| Equity, attributable to parent, including: | 1,124 | 2,483 | 2,422 | 5 | |||
| Common stock | 0 | 0 | 0 | ||||
| Treasury stock, value | (13) | (13) | |||||
| Additional paid in capital | 3,409 | 3,373 | 3,349 | 3 | |||
| Accumulated other comprehensive income (loss) | (19) | (4) | 1 | ||||
| Retained earnings (accumulated deficit) | (2,247) | (867) | (921) | 2 | |||
| Other undisclosed equity, attributable to parent | (6) | (6) | (6) | 0 | |||
| Equity, attributable to noncontrolling interest | 102 | 97 | 97 | ||||
| Other undisclosed equity | 433 | ||||||
| Total equity: | 1,226 | 2,580 | 2,519 | 438 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,262 | 5,854 | 5,777 | 454 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|
| Revenues | 4,050 | 3,602 | 3,156 | |||
| Cost of revenue | (5,066) | (2,964) | (2,551) | |||
| Cost of goods and services sold | (3,493) | (2,964) | (2,551) | |||
| Gross profit: | (1,016) | 638 | 604 | |||
| Operating expenses | (423) | (408) | (545) | |||
| Other undisclosed operating income | 8 | |||||
| Operating income (loss): | (1,439) | 230 | 67 | |||
| Nonoperating expense | (83) | |||||
| Interest and debt expense | (104) | (138) | (234) | |||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (13) | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (1,627) | 92 | (180) | |||
| Other undisclosed income (loss) from continuing operations before income taxes | 104 | (1) | ||||
| Income (loss) from continuing operations before income taxes: | (1,523) | 91 | (180) | |||
| Income tax expense (benefit) | 145 | (34) | 5 | |||
| Income (loss) from continuing operations: | (1,377) | 58 | (175) | |||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 58 | (175) | |||
| Net income (loss): | (1,377) | 58 | (175) | |||
| Net loss attributable to noncontrolling interest | (3) | (3) | (1) | |||
| Net income (loss) available to common stockholders, diluted: | (1,381) | 54 | (176) | |||
Comprehensive Income ($ in millions)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|
| Net income (loss): | (1,377) | 58 | (175) | |||
| Other undisclosed comprehensive income (loss) | (19) | (8) | 13 | |||
| Comprehensive income (loss): | (1,396) | 49 | (162) | |||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (3) | (3) | (1) | |||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 5 | 3 | (4) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (1,395) | 49 | (167) | |||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.