Vivid Seats Inc. (SEAT) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
24 E. WASHINGTON STREET CHICAGO, IL 60602 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 799 - Miscellaneous Amusement And Recreation (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 125,484 | 251,542 | ||||
| Cash and cash equivalents | 125,484 | 251,542 | ||||
| Receivables | 58,481 | 36,531 | ||||
| Inventory, net of allowances, customer advances and progress billings | 21,018 | 12,783 | ||||
| Inventory | 21,018 | 12,783 | ||||
| Prepaid expense | 8,218 | 6,032 | ||||
| Other current assets | 93 | 569 | ||||
| Other undisclosed current assets | 32,700 | 24,059 | ||||
| Total current assets: | 245,994 | 331,516 | ||||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 9,826 | 7,859 | 9,000 | |||
| Property, plant and equipment | 10,156 | 10,431 | 1,082 | |||
| Intangible assets, net (including goodwill) | 1,188,514 | 797,234 | 13,845 | |||
| Goodwill | 947,359 | 715,258 | ||||
| Intangible assets, net (excluding goodwill) | 241,155 | 81,976 | 13,845 | |||
| Regulated entity, other noncurrent assets | 4,577 | 5,580 | ||||
| Deferred income tax assets | 85,564 | |||||
| Other undisclosed noncurrent assets | 5,468 | 4,391 | ||||
| Total noncurrent assets: | 1,304,105 | 819,915 | 29,507 | |||
| TOTAL ASSETS: | 1,550,099 | 1,151,431 | 29,507 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 257,514 | 343,282 | ||||
| Accounts payable | 257,514 | 161,312 | ||||
| Accrued liabilities | 181,970 | |||||
| Deferred revenue | 34,674 | 31,983 | ||||
| Other undisclosed current liabilities | 195,575 | 2,750 | ||||
| Total current liabilities: | 487,763 | 378,015 | ||||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation, including: | 16,215 | 14,911 | ||||
| Other undisclosed long-term debt and lease obligation | 16,215 | 14,911 | ||||
| Liabilities, other than long-term debt | 29,031 | 13,445 | ||||
| Other liabilities | 29,031 | 13,445 | ||||
| Other undisclosed noncurrent liabilities | 430,331 | 264,898 | ||||
| Total noncurrent liabilities: | 475,577 | 293,254 | ||||
| Other undisclosed liabilities | 481,742 | 862,860 | ||||
| Total liabilities: | 1,445,082 | 1,534,129 | ||||
| Equity | ||||||
| Equity, attributable to parent, including: | 105,017 | (382,718) | ||||
| Treasury stock, value | (52,586) | (32,494) | ||||
| Additional paid in capital | 1,096,430 | 663,908 | ||||
| Accumulated other comprehensive income (loss) | 747 | |||||
| Accumulated deficit | (939,596) | (1,014,132) | ||||
| Other undisclosed equity, attributable to parent | 22 | |||||
| Other undisclosed equity | 20 | |||||
| Total equity: | 105,017 | (382,698) | ||||
| TOTAL LIABILITIES AND EQUITY: | 1,550,099 | 1,151,431 | ||||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Revenues | 597,388 | 511,094 | 389,668 | ||
| Revenue from related parties | ✕ | ✕ | 89,200 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (4,700) | (5,000) | (2,100) | ||
| Other undisclosed gross profit | |||||
| Gross profit: | 592,688 | 506,094 | 387,568 | ||
| Operating expenses | (17,178) | (7,732) | (2,322) | ||
| Operating income: | 575,510 | 498,362 | 385,246 | ||
| Interest and debt expense | (4,285) | (35,828) | |||
| Income from continuing operations before equity method investments, income taxes: | 575,510 | 494,077 | 349,418 | ||
| Other undisclosed loss from continuing operations before income taxes | (504,568) | (424,888) | (368,243) | ||
| Income (loss) from continuing operations before income taxes: | 70,942 | 69,189 | (18,825) | ||
| Income tax expense (benefit) | 42,199 | 1,590 | (304) | ||
| Other undisclosed income from continuing operations | |||||
| Income (loss) from continuing operations: | 113,141 | 70,779 | (19,129) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (19,129) | |
| Other undisclosed net loss | (42,117) | ||||
| Net income (loss): | 113,141 | 28,662 | (19,129) | ||
| Net loss attributable to noncontrolling interest | (74,536) | ||||
| Other undisclosed net income attributable to parent | 30,815 | 42,132 | |||
| Net income (loss) available to common stockholders, diluted: | 69,420 | 70,794 | (19,129) | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net income (loss): | 113,141 | 28,662 | (19,129) | ||
| Other comprehensive income (loss) | 747 | ||||
| Other undisclosed comprehensive income | |||||
| Comprehensive income (loss): | 113,888 | 28,662 | (19,129) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (74,536) | ||||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 39,352 | 28,662 | (19,129) | ||
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.