Travelzoo (TZOO) Financial Statements (2024 and earlier)

Company Profile

Business Address 590 MADISON AVENUE
NEW YORK, NY 10022
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 731 - Advertising (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 investments18,69343,81563,06119,50518,01722,553
Cash and cash equivalents18,69343,81563,06119,50518,01722,553
Receivables15,83018,1965,45013,99513,03512,286
Prepaid expense 7641,6201,0732,3031,7801,859
Disposal group, including discontinued operation1171230   
Deposits current assets 153190137114167259
Other current assets 1408193193167282
Other undisclosed current assets 1,150    
Total current assets:35,59165,12370,04436,11033,16637,239
Noncurrent Assets
Operating lease, right-of-use asset7,4407,7008,5418,886
Property, plant and equipment6576591,3472,9823,7904,921
Long-term investments and receivables    2,4842,694 
Long-term investments    2,4842,694 
Intangible assets, net (including goodwill)14,59514,37015,478   
Goodwill10,94410,94410,944   
Intangible assets, net (excluding goodwill)3,6513,4264,534   
Deposits noncurrent assets5,0946,784745820685548
Restricted cash and investments6751,1421,1781,2051,4441,448
Deferred income tax assets3,2223,9495,0672,051
Other undisclosed noncurrent assets     1,6451,516
Total noncurrent assets:31,68334,60432,35618,42810,2588,433
TOTAL ASSETS:67,27499,727102,40054,53843,42445,672
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,32013,80815,97128,79725,47128,768
Taxes payable185326914489961
Accounts payable4,2713,4116,99620,40617,12919,105
Accrued liabilities5,04910,2128,6497,4777,8538,702
Deferred revenue2,2161,7332,688896
Debt   2,8495,301  
Disposal group, including discontinued operation452485671   
Deferred revenue and credits825
Contract with customer, liability1,339
Other undisclosed current liabilities35,54671,85860,691   
Total current liabilities:47,53487,88482,87034,99426,81029,593
Noncurrent Liabilities
Long-term debt and lease obligation  9,11111,5888,238  
Long-term debt, excluding current maturities   814   
Liabilities, other than long-term debt10,8892,3641,4424432,5553,001
Deferred revenue and credits2,628
Accounts payable and accrued liabilities    359418373
Deferred rent credit    842,137
Deferred income tax liabilities   357 
Other liabilities2,5632,3641,085   
Operating lease, liability8,3269,11110,7748,238
Total noncurrent liabilities:10,88911,47513,0308,6812,5553,001
Total liabilities:58,42399,35995,90043,67529,36532,594
Equity
Equity, attributable to parent, including:4,256(4,232)1,89110,86314,05913,078
Common stock165126114115120125
Treasury stock, value (7,130)(5,488)    
Additional paid in capital23,2744,4156,239   
Accumulated other comprehensive loss(4,905)(3,793)(4,059)(3,452)(4,214)(3,597)
Retained earnings (accumulated deficit)7,142508(403)14,20018,15316,550
Receivable from shareholders or affiliates for issuance of capital stock(4,753)     
Other undisclosed equity, attributable to parent(9,537)     
Equity, attributable to noncontrolling interest4,5954,6004,609   
Total equity:8,8513686,50010,86314,05913,078
TOTAL LIABILITIES AND EQUITY:67,27499,727102,40054,53843,42445,672

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
Revenues70,59962,71253,601111,412111,322106,524
Revenue, net106,524
Cost of revenue
(Cost of Goods and Services Sold)
(10,003)(11,388)(10,563)(11,889)(12,268)(12,909)
Gross profit:60,59651,32443,03899,52399,05493,615
Operating expenses(53,039)(52,637)(57,111)(90,059)(90,816)(89,070)
Operating income (loss):7,557(1,313)(14,073)9,4648,2384,545
Nonoperating income (expense)2,4014,0061,140(515)48173
Gain, foreign currency transaction, before tax   685   
Other nonoperating income (expense)2,4014,006455(515)48173
Other undisclosed loss from continuing operations before equity method investments, income taxes   (685)   
Income (loss) from continuing operations before equity method investments, income taxes:9,9582,693(13,618)8,9498,2864,718
Loss from equity method investments   (474)   
Other undisclosed income from continuing operations before income taxes   474   
Income (loss) from continuing operations before income taxes:9,9582,693(13,618)8,9498,2864,718
Income tax expense (benefit)(3,270)(1,778)2,438(4,794)(3,625)(3,126)
Income (loss) from continuing operations:6,688915(11,180)4,1554,6611,592
Income (loss) before gain (loss) on sale of properties:902(14,570)4,1554,6614,482
Income (loss) from discontinued operations(59)(13)(3,390)  2,890
Net income (loss):6,629902(14,570)4,1554,6614,482
Net income (loss) attributable to noncontrolling interest591,147   
Other undisclosed net loss attributable to parent      (952)
Net income (loss) available to common stockholders, diluted:6,634911(13,423)4,1554,6613,530

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):6,629902(14,570)4,1554,6614,482
Other undisclosed comprehensive income      
Comprehensive income (loss):6,629902(14,570)4,1554,6614,482
Comprehensive income (loss), net of tax, attributable to noncontrolling interest591,147   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,117)257(1,754)762(617)(762)
Comprehensive income (loss), net of tax, attributable to parent:5,5171,168(15,177)4,9174,0443,720

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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