Lindblad Expeditions Holdings Inc. (LIND) financial statements (2022 and earlier)

Company profile

Business Address 96 MORTON STREET
NEW YORK, NY 10014
State of Incorp. DE
Fiscal Year End December 31
SIC 47 - Transportation Services (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
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments150,753155,562160,081163,939187,531129,64780,897
Cash and cash equivalents150,753155,562160,081163,939187,531129,64780,897
Restricted cash and investments21,94029,47443,46522,44616,98416,52321,333
Inventory, net of allowances, customer advances and progress billings2,2782,1222,2022,1732,1681,8241,824
Inventory2,2782,1222,2022,1732,1681,8241,824
Prepaid expense4,9934,0734,1053,9373,6492,3032,315
Other undisclosed current assets30,37628,89929,97223,04818,83826,43028,197
Total current assets:210,340220,130239,825215,543229,170176,727134,566
Noncurrent Assets
Operating lease, right-of-use asset4,4024,2304,5104,7865,0825,3495,601
Property, plant and equipment542,418547,771492,756479,240482,673488,048495,370
Intangible assets, net (including goodwill)55,25242,93744,33044,61526,92227,31727,712
Goodwill42,01732,77233,65233,65222,10522,10522,105
Intangible assets, net (excluding goodwill)13,23510,16510,67810,9634,8175,2125,607
Deferred income tax assets7,6098,18810,6978,3405,5393,392639
Other noncurrent assets7,4707,3747,1797,3768,0637,9718,401
Total noncurrent assets:617,151610,500559,472544,357528,279532,077537,723
TOTAL ASSETS:827,491830,630799,297759,900757,449708,804672,289
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:49,25248,31728,09320,52922,34131,81143,443
Accounts payable9,6928,7789,1156,7295,2858,1929,869
Accrued liabilities13,16611,4736,8384,6885,9156,4888,163
Employee-related liabilities9,7448,3086,9185,0586,4586,6558,580
Taxes payable 2222 2
Other undisclosed accounts payable and accrued liabilities16,65019,7565,2204,0524,68110,47616,829
Deferred revenue212,598189,641203,466149,290120,737120,463120,788
Debt26,06120,2609,36114,12811,2558,4515,646
Other undisclosed current liabilities1,5531,4181,4031,3881,4751,4361,394
Total current liabilities:289,464259,636242,323185,335155,808162,161171,271
Noncurrent Liabilities
Long-term debt and lease obligation521,836529,981493,297474,730475,274395,605400,204
Long-term debt, excluding current maturities518,658526,857489,880471,027471,359391,284395,637
Operating lease, liability3,1783,1243,4173,7033,9154,3214,567
Liabilities, other than long-term debt247959090904016,866
Deferred income tax liabilities      136
Other liabilities247959090904016,730
Total noncurrent liabilities:522,083530,076493,387474,820475,364396,006407,070
Total liabilities:811,547789,712735,710660,155631,172558,167578,341
Temporary equity, carrying amount94,52797,91996,48195,59891,3197,9409,970
Stockholders' equity
Stockholders' equity attributable to parent(78,583)(57,001)(32,894)4,14734,95860,06183,978
Common stock5555555
Additional paid in capital58,48552,14650,77751,36748,12747,66247,394
Accumulated other comprehensive loss(634)(741)(943)(1,108)(1,602)(7,079)(8,824)
Retained earnings (accumulated deficit)(136,439)(108,411)(82,733)(46,117)(11,572)19,47345,403
Other undisclosed stockholders' equity     82,636 
Total stockholders' equity:(78,583)(57,001)(32,894)4,14734,958142,69783,978
TOTAL LIABILITIES AND EQUITY:827,491830,630799,297759,900757,449708,804672,289

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues65,55264,50715,2661,7805  
Net investment income    5  
Cost of revenue(51,214)(45,600)(19,391)(8,279)(9,943)(8,075)(12,721)
Gross profit:14,33818,907(4,125)(6,499)(9,938)(8,075)(12,721)
Operating expenses(43,866)(36,559)(28,463)(24,567)(19,512)(19,758)(21,757)
Other undisclosed operating income (loss)    3601,019(268)
Operating loss:(29,528)(17,652)(32,588)(31,066)(29,090)(26,814)(34,746)
Nonoperating income (expense)3,883(3,140)(5,504)(5,598)(3,262)(3,614)(8,120)
Foreign currency transaction gain (loss), before tax(100)(1,434)199701,562989(3,879)
Other nonoperating income (expense)11,1254,35721105(74)(62)
Interest and debt expense   (700)   
Other undisclosed loss from continuing operations before equity method investments, income taxes    (2,100)  
Loss from continuing operations before equity method investments, income taxes:(25,645)(20,792)(38,092)(37,364)(34,452)(30,428)(42,866)
Other undisclosed income from continuing operations before income taxes   7002,100  
Loss from continuing operations before income taxes:(25,645)(20,792)(38,092)(36,664)(32,352)(30,428)(42,866)
Income tax expense (benefit)(629)(2,507)2,3572,8012,1412,8932,943
Net loss:(26,274)(23,299)(35,735)(33,863)(30,211)(27,535)(39,923)
Net income (loss) attributable to noncontrolling interest(55)(1,039)437619447156265
Net loss attributable to parent:(26,329)(24,338)(35,298)(33,244)(29,764)(27,379)(39,658)
Preferred stock dividends and other adjustments(1,497)(1,340)(1,318)(1,301)(1,705)  
Net loss available to common stockholders, diluted:(27,826)(25,678)(36,616)(34,545)(31,469)(27,379)(39,658)

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net loss:(26,274)(23,299)(35,735)(33,863)(30,211)(27,535)(39,923)
Other comprehensive income1072021654945,4771,7459,256
Comprehensive loss:(26,167)(23,097)(35,570)(33,369)(24,734)(25,790)(30,667)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(55)(1,039)437619447156265
Comprehensive loss, net of tax, attributable to parent:(26,222)(24,136)(35,133)(32,750)(24,287)(25,634)(30,402)

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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