Angi Inc. (ANGI) Financial Statements (2024 and earlier)

Company Profile

Business Address 555 WEST 18TH STREET
NEW YORK, NY 10011
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 731 - Advertising (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments321,155428,136862,700390,565361,931221,521
Cash and cash equivalents321,155428,136812,705390,565336,984221,521
Short-term investments   49,995 24,947 
Receivables93,88084,38743,14841,66927,26328,085
Other current assets69,16770,54871,95867,75984,93312,772
Total current assets:484,202583,071977,806499,993474,127262,378
Noncurrent Assets
Operating lease, right-of-use asset    101,243
Property, plant and equipment153,855118,267108,842103,36170,85953,292
Intangible assets, net (including goodwill)1,061,0541,109,8651,101,5141,135,6851,199,0041,098,797
Goodwill882,949916,039891,797883,960894,709770,226
Intangible assets, net (excluding goodwill)178,105193,826209,717251,725304,295328,571
Contract with customer, asset, after allowance for credit loss     3,400
Restricted cash and investments     420 
Deferred income tax assets145,460122,693 72,581
Other noncurrent assets63,20776,245180,0208,74823,2002,072
Deferred tax assets, net 50,723
Other undisclosed noncurrent assets     37,017 
Total noncurrent assets:1,423,5761,427,0701,390,3761,421,6181,333,9001,204,884
TOTAL ASSETS:1,907,7782,010,1412,368,1821,921,6111,808,0271,467,262
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities230,877222,675179,024142,984126,07094,104
Accounts payable30,86238,86030,80525,98720,08318,933
Accrued liabilities200,015183,815148,219116,997105,98775,171
Deferred revenue50,90753,83454,65458,220
Debt    13,75013,75013,750
Deferred revenue and credits62,371
Due to related parties     816
Contract with customer, liability61,417
Total current liabilities:281,784276,509233,678214,954201,237171,041
Noncurrent Liabilities
Long-term debt and lease obligation495,284494,552712,277231,946244,971258,312
Long-term debt, excluding current maturities495,284494,552712,277231,946244,971258,312
Liabilities, other than long-term debt79,33293,553113,006124,49618,36113,515
Contract with customer, liability500
Deferred tax liabilities, net 5,626
Deferred income tax liabilities2,9061,8831,2963,441
Due to related parties    1,0151,997
Other liabilities76,42691,670111,710121,05516,8465,892
Other undisclosed noncurrent liabilities     3,308 
Total noncurrent liabilities:574,616588,105825,283356,442266,640271,827
Total liabilities:856,400864,6141,058,961571,396467,877442,868
Temporary equity, carrying amount   26,36426,66318,16321,300
Equity
Equity, attributable to parent, including:1,048,3841,134,6191,272,2901,314,2881,312,941993,346
Treasury stock, value(166,184)(158,040)(122,081)(57,949)  
Additional paid in capital1,405,2941,350,4571,379,4691,357,0751,333,0971,112,400
Accumulated other comprehensive income (loss)(1,172)3,3094,637(1,379)(1,861)2,232
Retained earnings (accumulated deficit)(190,079)(61,629)9,74916,032(18,797)(121,764)
Other undisclosed equity, attributable to parent525522516509502478
Equity, attributable to noncontrolling interest2,99410,90810,5679,2649,0469,748
Total equity:1,051,3781,145,5271,282,8571,323,5521,321,9871,003,094
TOTAL LIABILITIES AND EQUITY:1,907,7782,010,1412,368,1821,921,6111,808,0271,467,262

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,891,5241,685,4381,467,9251,326,2051,132,241736,386
Cost of revenue(438,060)(325,880)(173,281)(46,493)(55,739)(34,073)
Provision for loan, lease, and other losses    (64,278)(47,242)
Financial services costs(27,514)
Gross profit:1,453,4641,359,5581,294,6441,279,7121,076,502702,313
Operating expenses(1,501,499)(1,376,825)(1,248,391)(1,201,152)(988,286)(835,641)
Other operating expense, net
(Other Expenses)
   (500)   
Other undisclosed operating loss(78,270)(59,246)(52,121)(39,915)(24,310)(14,543)
Operating income (loss):(126,305)(76,513)(6,368)38,64563,906(147,871)
Nonoperating income (expense)1,178(2,509)    
Loss, foreign currency transaction, before tax  (1,656)    
Interest and debt expense(20,107)(23,485)(14,178)(16)(11,623)(1,765)
Income (loss) from continuing operations before equity method investments, income taxes:(145,234)(102,507)(20,546)38,62952,283(149,636)
Other undisclosed income (loss) from continuing operations before income taxes   1,218(4,983)17,741(3,997)
Income (loss) from continuing operations before income taxes:(145,234)(102,507)(19,328)33,64670,024(153,633)
Income tax expense (benefit)17,25232,01315,1681,6687,48349,106
Income (loss) from continuing operations:(127,982)(70,494)(4,160)35,31477,507(104,527)
Income (loss) before gain (loss) on sale of properties:(70,494)(4,160)35,31477,507(104,527)
Loss from discontinued operations      
Net income (loss):(127,982)(70,494)(4,160)35,31477,507(104,527)
Net income (loss) attributable to noncontrolling interest(468)(884)(2,123)(485)(189)1,409
Net income (loss) available to common stockholders, diluted:(128,450)(71,378)(6,283)34,82977,318(103,118)

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(127,982)(70,494)(4,160)35,31477,507(104,527)
Other comprehensive income (loss)  (1,219)6,827396(4,859)4,968
Other undisclosed comprehensive income (loss)(5,028)     
Comprehensive income (loss):(133,010)(71,713)2,66735,71072,648(99,559)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest79(993)(2,934)(399)577394
Comprehensive income (loss), net of tax, attributable to parent:(132,931)(72,706)(267)35,31173,225(99,165)

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.

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