BuzzFeed, Inc. (BZFD) financial statements (2022 and earlier)
Company profile
| Business Address |
111 E. 18TH STREET, 13TH FLOOR NEW YORK, NY 10003 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 4899 - Communications Services, Not Elsewhere Classified (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 12/31/2021 | |||
|---|---|---|---|
| ASSETS | |||
| Current Assets | |||
| Cash, cash equivalents, and short-term investments | 79,733 | ||
| Cash and cash equivalents | 79,733 | ||
| Receivables | 142,909 | ||
| Contract with customer, asset | 13,300 | ||
| Other undisclosed current assets | 15,717 | ||
| Total current assets: | 251,659 | ||
| Noncurrent Assets | |||
| Property, plant and equipment | 23,052 | ||
| Intangible assets, net (including goodwill) | 331,394 | ||
| Goodwill | 194,881 | ||
| Intangible assets, net (excluding goodwill) | 136,513 | ||
| Assets held-in-trust | 16,200 | ||
| Other undisclosed noncurrent assets | 14,909 | ||
| Total noncurrent assets: | 385,555 | ||
| TOTAL ASSETS: | 637,214 | ||
| LIABILITIES AND EQUITY | |||
| Liabilities | |||
| Current Liabilities | |||
| Accounts payable and accrued liabilities | 84,845 | ||
| Accounts payable | 16,025 | ||
| Accrued liabilities | 31,386 | ||
| Employee-related liabilities | 37,434 | ||
| Deferred revenue | 1,676 | ||
| Deferred rent credit | 4,894 | ||
| Other liabilities | 2,731 | ||
| Total current liabilities: | 94,146 | ||
| Noncurrent Liabilities | |||
| Long-term debt and lease obligation | 141,878 | ||
| Long-term debt, excluding current maturities | 141,878 | ||
| Liabilities, other than long-term debt | 21,371 | ||
| Deferred rent credit | 12,504 | ||
| Other liabilities | 3,992 | ||
| Derivative instruments and hedges, liabilities | 4,875 | ||
| Other undisclosed noncurrent liabilities | 4,938 | ||
| Total noncurrent liabilities: | 168,187 | ||
| Total liabilities: | 262,333 | ||
| Temporary equity, carrying amount | 2,294 | ||
| Stockholders' equity | |||
| Stockholders' equity attributable to parent, including: | 370,543 | ||
| Additional paid in capital | 695,869 | ||
| Accumulated other comprehensive loss | (3,233) | ||
| Accumulated deficit | (322,106) | ||
| Other undisclosed stockholders' equity attributable to parent | 13 | ||
| Stockholders' equity attributable to noncontrolling interest | 2,044 | ||
| Total stockholders' equity: | 372,587 | ||
| TOTAL LIABILITIES AND EQUITY: | 637,214 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2021 | ||
|---|---|---|
| Revenues | 397,564 | |
| Cost of revenue (Cost of Goods and Services Sold) | (207,397) | |
| Gross profit: | 190,167 | |
| Operating expenses | (215,321) | |
| Operating loss: | (25,154) | |
| Nonoperating expense | (3,974) | |
| Investment income, nonoperating | (1,234) | |
| Other nonoperating expense | (2,740) | |
| Loss from continuing operations before equity method investments, income taxes: | (29,128) | |
| Other undisclosed income from continuing operations before income taxes | 28,600 | |
| Loss from continuing operations before income taxes: | (528) | |
| Income tax benefit | 26,404 | |
| Net income: | 25,876 | |
| Other undisclosed net loss attributable to parent | (1,164) | |
| Net income attributable to parent: | 24,712 | |
| Undistributed earnings (loss) allocated to participating securities, basic | (24,712) | |
| Interest on convertible debt | 1,317 | |
| Other undisclosed net loss available to common stockholders, diluted | (2,033) | |
| Net loss available to common stockholders, diluted: | (716) | |
Comprehensive Income ($ in thousands)
| 12/31/2021 | ||
|---|---|---|
| Net income: | 25,876 | |
| Other comprehensive income | 126 | |
| Comprehensive income: | 26,002 | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (228) | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (936) | |
| Comprehensive income, net of tax, attributable to parent: | 24,838 | |
Statements sources
The financial statements are based on the company's filings with the 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.