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
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments79,73360498639
Cash and cash equivalents79,73360498639
Receivables142,909   
Prepaid expense 550684811
Contract with customer, asset13,300   
Other undisclosed current assets15,717   
Total current assets:251,6596101,1821,450
Noncurrent Assets
Property, plant and equipment23,052   
Intangible assets, net (including goodwill)331,394   
Goodwill194,881   
Intangible assets, net (excluding goodwill)136,513   
Assets held-in-trust16,200287,511287,508287,504
Other undisclosed noncurrent assets14,909   
Total noncurrent assets:385,555287,511287,508287,504
TOTAL ASSETS:637,214288,121288,690288,953
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities84,84570573535
Accounts payable16,025   
Accrued liabilities31,38670573535
Employee-related liabilities37,434   
Deferred revenue1,676   
Deferred rent credit4,894   
Other liabilities2,731   
Other undisclosed current liabilities 1,6191,162729
Total current liabilities:94,1461,6891,7351,264
Noncurrent Liabilities
Long-term debt and lease obligation141,878   
Long-term debt, excluding current maturities141,878   
Liabilities, other than long-term debt21,371   
Deferred rent credit12,504   
Other liabilities3,992   
Derivative instruments and hedges, liabilities4,875   
Other undisclosed noncurrent liabilities4,93812,21412,3248,756
Total noncurrent liabilities:168,18712,21412,3248,756
Total liabilities:262,33313,90314,05910,020
Temporary equity, carrying amount2,294287,500269,632273,933
Stockholders' equity
Stockholders' equity attributable to parent, including:370,543(13,283)5,0005,000
Additional paid in capital695,869 8,2713,969
Accumulated other comprehensive loss(3,233)   
Retained earnings (accumulated deficit)(322,106)(13,284)(3,272)1,030
Other undisclosed stockholders' equity attributable to parent13111
Stockholders' equity attributable to noncontrolling interest2,044   
Total stockholders' equity:372,587(13,283)5,0005,000
TOTAL LIABILITIES AND EQUITY:637,214288,121288,690288,953

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
Revenues397,564   
Cost of revenue   (109)
Gross profit:   (109)
Operating expenses(213,003)(417)(628)(1,273)
Other undisclosed operating income (loss)190,497(110)(110) 
Operating loss:(22,507)(527)(738)(1,382)
Nonoperating income
(Investment Income, Nonoperating)
   4
Other undisclosed loss from continuing operations before equity method investments, income taxes(3,974)   
Loss from continuing operations before equity method investments, income taxes:(26,481)(527)(738)(1,379)
Other undisclosed income from continuing operations before income taxes28,600   
Income (loss) from continuing operations before income taxes:2,119(527)(738)(1,379)
Other undisclosed income from continuing operations26,404   
Income (loss) before gain (loss) on sale of properties:28,523(527)(738)(1,379)
Other undisclosed net income1,028  2,420
Net income (loss):29,551(527)(738)1,041
Other undisclosed net income (loss) attributable to parent(1,164)113(3,564) 
Net income (loss) attributable to parent:28,387(414)(4,301)1,041
Other undisclosed net loss available to common stockholders, basic(7,606)   
Net income (loss) available to common stockholders, basic:20,781(414)(4,301)1,041
Other undisclosed net loss available to common stockholders, diluted(716)   
Net income (loss) available to common stockholders, diluted:20,065(414)(4,301)1,041

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
Net income (loss):29,551(527)(738)1,041
Other undisclosed comprehensive income126   
Comprehensive income (loss):29,677(527)(738)1,041
Other undisclosed comprehensive loss, net of tax, attributable to parent(1,164)   
Comprehensive income (loss), net of tax, attributable to parent:28,513(527)(738)1,041

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.

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