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)

9/30/2023
MRQ
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 investments100,768150,753187,531101,579113,39696,443
Cash and cash equivalents87,177150,753187,531101,579113,39696,443
Short-term investments 13,591     
Restricted cash and investments28,84721,94016,9847,6798,7557,057
Inventory, net of allowances, customer advances and progress billings1,9652,2782,1682,0271,6041,794
Inventory1,9652,2782,1682,0271,6041,794
Prepaid expense  4,9933,6494,0792,6463,304
Intangible current assets      4,800
Other undisclosed current assets51,73930,37618,83831,27523,78218,292
Total current assets:183,319210,340229,170146,639150,183131,690
Noncurrent Assets
Operating lease, right-of-use asset4,3454,4025,0826,105
Property, plant and equipment539,406542,418482,673357,790285,979250,952
Intangible assets, net (including goodwill)53,23655,25226,92228,50130,08031,659
Goodwill42,01742,01722,10522,10522,10522,105
Intangible assets, net (excluding goodwill)11,21913,2354,8176,3967,9759,554
Deferred income tax assets2,1677,6095,539218
Other noncurrent assets5,5027,4708,0639,4057,16710,047
Total noncurrent assets:604,656617,151528,279402,019323,226292,658
TOTAL ASSETS:787,975827,491757,449548,658473,409424,348
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:71,01949,25222,34138,23133,94430,422
Taxes payable 26035761,673
Employee-related liabilities9,7446,4589,0348,1386,466
Accounts payable16,6019,6925,28514,6339,3267,791
Accrued liabilities54,41813,1665,9159,90013,2839,238
Other undisclosed accounts payable and accrued liabilities  16,6504,6814,0612,6215,254
Deferred revenue245,101212,598120,737138,825
Debt23,33726,06111,2555,8602,0001,750
Deferred revenue and credits112,238
Contract with customer, liability123,489
Other undisclosed current liabilities1,6631,5531,475   
Total current liabilities:341,120289,464155,808182,916159,433144,410
Noncurrent Liabilities
Long-term debt and lease obligation529,452521,836475,274218,572188,089164,186
Long-term debt, excluding current maturities529,452518,658471,359213,543188,089164,186
Liabilities, other than long-term debt, including:3,049247907,8082,787684
Deferred tax liabilities, net2,7872,444
Deferred income tax liabilities   4,491
Other liabilities88247903,317  
Operating lease, liability2,9613,1783,9155,029
Other undisclosed liabilities, other than long-term debt      (1,760)
Other undisclosed noncurrent liabilities     5542,444
Total noncurrent liabilities:532,501522,083475,364226,380191,430167,314
Total liabilities:873,621811,547631,172409,296350,863311,724
Temporary equity, carrying amount97,02994,52791,31916,1126,5026,302
Equity
Equity, attributable to parent(182,675)(78,583)34,958123,250116,044106,322
Common stock555555
Additional paid in capital83,85058,48548,12746,27141,53942,498
Accumulated other comprehensive loss  (634)(1,602)(4,681)(671) 
Retained earnings (accumulated deficit)(266,530)(136,439)(11,572)81,65575,17163,819
Total equity:(182,675)(78,583)34,958123,250116,044106,322
TOTAL LIABILITIES AND EQUITY:787,975827,491757,449548,658473,409424,348

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues421,500147,10725343,091309,734266,504
Revenue, net266,504
Net investment income   25   
Cost of revenue(283,217)(124,484)(72,931)(166,608)(153,743)(135,526)
Gross profit:138,28322,623(72,906)176,483155,991130,978
Operating expenses(201,329)(133,454)(97,823)(143,285)(130,653)(120,234)
Other undisclosed operating income   82,331   
Operating income (loss):(63,046)(110,831)(88,398)33,19825,33810,744
Nonoperating expense(39,038)(10,356)(21,547)(12,260)(13,170)(8,271)
Gain (loss), foreign currency transaction, before tax(1,236)(1,265)(4,772)94(2,175)1,144
Other nonoperating income (expense)(307)15,487(83)(66)(165)(133)
Interest and debt expense(9,004) (2,100)(1,900)(359) 
Income (loss) from continuing operations before equity method investments, income taxes:(111,088)(121,187)(112,045)19,03811,8092,473
Other undisclosed income from continuing operations before income taxes9,004 2,1001,900359 
Income (loss) from continuing operations before income taxes:(102,084)(121,187)(109,945)20,93812,1682,473
Income tax expense (benefit)(6,076)2,0199,805(2,190)(616)(10,002)
Income (loss) from continuing operations:(108,160)(119,168)(100,140)18,74811,552(7,529)
Income (loss) before gain (loss) on sale of properties:(119,168)(100,140)18,74811,552(7,529)
Net income (loss):(108,160)(119,168)(100,140)18,74811,552(7,529)
Net income (loss) attributable to noncontrolling interest(3,221)(38)1,403(2,395)(200)(1,132)
Net income (loss) attributable to parent:(111,381)(119,206)(98,737)16,35311,352(8,661)
Preferred stock dividends and other adjustments(4,671)(5,459)(1,705)(2,654)  
Net income (loss) available to common stockholders, diluted:(116,052)(124,665)(100,442)13,69911,352(8,661)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(108,160)(119,168)(100,140)18,74811,552(7,529)
Other comprehensive income (loss) 6349683,079(4,010)(671) 
Comprehensive income (loss):(107,526)(118,200)(97,061)14,73810,881(7,529)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3,221)(38)1,403(2,395)(200)(1,132)
Comprehensive income (loss), net of tax, attributable to parent:(110,747)(118,238)(95,658)12,34310,681(8,661)

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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