Lindblad Expeditions Holdings Inc. (LIND) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
96 MORTON STREET NEW YORK, NY 10014 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 47 - Transportation Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 156,845 | 100,768 | 150,753 | 187,531 | 101,579 | 113,396 | |||
| Cash and cash equivalents | 156,845 | 87,177 | 150,753 | 187,531 | 101,579 | 113,396 | |||
| Short-term investments | 13,591 | ||||||||
| Restricted cash and investments | 30,499 | 28,847 | 21,940 | 16,984 | 7,679 | 8,755 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,965 | 2,278 | 2,168 | 2,027 | 1,604 | ||||
| Inventory | 1,965 | 2,278 | 2,168 | 2,027 | 1,604 | ||||
| Prepaid expense | 4,993 | 3,649 | 4,079 | 2,646 | |||||
| Other current assets | 25,597 | ||||||||
| Other undisclosed current assets | 31,561 | 51,739 | 30,376 | 18,838 | 31,275 | 23,782 | |||
| Total current assets: | 244,502 | 183,319 | 210,340 | 229,170 | 146,639 | 150,183 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 4,345 | 4,402 | 5,082 | 6,105 | ✕ | ||||
| Property, plant and equipment | 526,002 | 539,406 | 542,418 | 482,673 | 357,790 | 285,979 | |||
| Intangible assets, net (including goodwill) | 51,429 | 53,236 | 55,252 | 26,922 | 28,501 | 30,080 | |||
| Goodwill | 42,017 | 42,017 | 42,017 | 22,105 | 22,105 | 22,105 | |||
| Intangible assets, net (excluding goodwill) | 9,412 | 11,219 | 13,235 | 4,817 | 6,396 | 7,975 | |||
| Deferred income tax assets | 2,167 | 7,609 | 5,539 | 218 | ✕ | ||||
| Other noncurrent assets | 9,364 | 5,502 | 7,470 | 8,063 | 9,405 | 7,167 | |||
| Total noncurrent assets: | 586,795 | 604,656 | 617,151 | 528,279 | 402,019 | 323,226 | |||
| TOTAL ASSETS: | 831,297 | 787,975 | 827,491 | 757,449 | 548,658 | 473,409 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 65,055 | 71,019 | 49,252 | 22,341 | 38,231 | 33,944 | |||
| Taxes payable | ✕ | ✕ | ✕ | 2 | 603 | 576 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 9,744 | 6,458 | 9,034 | 8,138 | ||
| Accounts payable | 16,154 | 16,601 | 9,692 | 5,285 | 14,633 | 9,326 | |||
| Accrued liabilities | 48,901 | 54,418 | 13,166 | 5,915 | 9,900 | 13,283 | |||
| Other undisclosed accounts payable and accrued liabilities | 16,650 | 4,681 | 4,061 | 2,621 | |||||
| Deferred revenue | 252,199 | 245,101 | 212,598 | 120,737 | 138,825 | ✕ | |||
| Debt | 47 | 23,337 | 26,061 | 11,255 | 5,860 | 2,000 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 123,489 | ||
| Other undisclosed current liabilities | 1,923 | 1,663 | 1,553 | 1,475 | |||||
| Total current liabilities: | 319,224 | 341,120 | 289,464 | 155,808 | 182,916 | 159,433 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 621,778 | 529,452 | 521,836 | 475,274 | 218,572 | 188,089 | |||
| Long-term debt, excluding current maturities | 621,778 | 529,452 | 518,658 | 471,359 | 213,543 | 188,089 | |||
| Liabilities, other than long-term debt | 4,061 | 3,049 | 247 | 90 | 7,808 | 2,787 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 2,787 | ||
| Deferred income tax liabilities | 2,118 | 4,491 | ✕ | ||||||
| Other liabilities | 1,943 | 88 | 247 | 90 | 3,317 | ||||
| Operating lease, liability | 2,961 | 3,178 | 3,915 | 5,029 | ✕ | ||||
| Other undisclosed noncurrent liabilities | 554 | ||||||||
| Total noncurrent liabilities: | 625,839 | 532,501 | 522,083 | 475,364 | 226,380 | 191,430 | |||
| Total liabilities: | 945,063 | 873,621 | 811,547 | 631,172 | 409,296 | 350,863 | |||
| Temporary equity, carrying amount | 111,298 | 97,029 | 94,527 | 91,319 | 16,112 | 6,502 | |||
| Equity | |||||||||
| Equity, attributable to parent | (225,064) | (182,675) | (78,583) | 34,958 | 123,250 | 116,044 | |||
| Common stock | 5 | 5 | 5 | 5 | 5 | 5 | |||
| Additional paid in capital | 97,139 | 83,850 | 58,485 | 48,127 | 46,271 | 41,539 | |||
| Accumulated other comprehensive loss | (634) | (1,602) | (4,681) | (671) | |||||
| Retained earnings (accumulated deficit) | (322,208) | (266,530) | (136,439) | (11,572) | 81,655 | 75,171 | |||
| Total equity: | (225,064) | (182,675) | (78,583) | 34,958 | 123,250 | 116,044 | |||
| TOTAL LIABILITIES AND EQUITY: | 831,297 | 787,975 | 827,491 | 757,449 | 548,658 | 473,409 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 569,543 | 421,500 | 147,107 | 25 | 343,091 | 309,734 | ||
| Net investment income | 25 | |||||||
| Cost of revenue | (322,376) | (283,217) | (124,484) | (72,931) | (166,608) | (153,743) | ||
| Gross profit: | 247,167 | 138,283 | 22,623 | (72,906) | 176,483 | 155,991 | ||
| Operating expenses | (236,568) | (201,329) | (133,454) | (97,823) | (143,285) | (130,653) | ||
| Other undisclosed operating income | 82,331 | |||||||
| Operating income (loss): | 10,599 | (63,046) | (110,831) | (88,398) | 33,198 | 25,338 | ||
| Nonoperating expense | (48,329) | (39,038) | (10,356) | (21,547) | (12,260) | (13,170) | ||
| Gain (loss), foreign currency transaction, before tax | 751 | (1,236) | (1,265) | (4,772) | 94 | (2,175) | ||
| Other nonoperating income (expense) | (4,066) | (307) | 15,487 | (83) | (66) | (165) | ||
| Interest and debt expense | (3,860) | (9,004) | (2,100) | (1,900) | (359) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | (41,590) | (111,088) | (121,187) | (112,045) | 19,038 | 11,809 | ||
| Other undisclosed income from continuing operations before income taxes | 3,860 | 9,004 | 2,100 | 1,900 | 359 | |||
| Income (loss) from continuing operations before income taxes: | (37,730) | (102,084) | (121,187) | (109,945) | 20,938 | 12,168 | ||
| Income tax expense (benefit) | (3,146) | (6,076) | 2,019 | 9,805 | (2,190) | (616) | ||
| Income (loss) from continuing operations: | (40,876) | (108,160) | (119,168) | (100,140) | 18,748 | 11,552 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (119,168) | (100,140) | 18,748 | 11,552 | |
| Net income (loss): | (40,876) | (108,160) | (119,168) | (100,140) | 18,748 | 11,552 | ||
| Net income (loss) attributable to noncontrolling interest | (4,734) | (3,221) | (38) | 1,403 | (2,395) | (200) | ||
| Net income (loss) attributable to parent: | (45,610) | (111,381) | (119,206) | (98,737) | 16,353 | 11,352 | ||
| Preferred stock dividends and other adjustments | (4,373) | (4,671) | (5,459) | (1,705) | (2,654) | |||
| Net income (loss) available to common stockholders, diluted: | (49,983) | (116,052) | (124,665) | (100,442) | 13,699 | 11,352 | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (40,876) | (108,160) | (119,168) | (100,140) | 18,748 | 11,552 | ||
| Other comprehensive income (loss) | 634 | 968 | 3,079 | (4,010) | (671) | |||
| Comprehensive income (loss): | (40,876) | (107,526) | (118,200) | (97,061) | 14,738 | 10,881 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (4,734) | (3,221) | (38) | 1,403 | (2,395) | (200) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (45,610) | (110,747) | (118,238) | (95,658) | 12,343 | 10,681 | ||
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.