Viad Corp (VVI) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
7000 E. 1ST AVENUE SCOTTSDALE, AZ 85251 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7389 - Business Services, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 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 | 52,704 | 59,719 | 61,600 | 39,545 | 61,999 | 44,893 | |||
| Cash and cash equivalents | 52,704 | 59,719 | 61,600 | 39,545 | 61,999 | 44,893 | |||
| Receivables | 128,019 | 122,373 | 91,966 | 17,837 | 126,246 | 108,936 | |||
| Inventory, net of allowances, customer advances and progress billings | 10,153 | 10,785 | 8,581 | 8,727 | 17,269 | 16,629 | |||
| Inventory | 10,153 | 10,785 | 8,581 | 8,727 | 17,269 | 16,629 | |||
| Prepaid expense | 2,925 | 13,370 | 10,284 | ||||||
| Contract with customer, asset, after allowance for credit loss | 20,202 | 14,331 | 11,105 | 7,923 | 24,535 | 18,017 | |||
| Other current assets | 21,774 | 18,977 | 14,080 | 17,225 | 30,854 | 25,486 | |||
| Total current assets: | 235,777 | 239,555 | 197,616 | 91,257 | 260,903 | 213,961 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 109,774 | 102,777 | 95,915 | 82,739 | 103,314 | ✕ | |||
| Property, plant and equipment | 592,891 | 549,578 | 549,108 | 492,154 | 500,901 | 333,847 | |||
| Intangible assets, net (including goodwill) | 179,903 | 180,414 | 177,267 | 171,019 | 382,291 | 312,624 | |||
| Goodwill | 123,906 | 121,429 | 112,078 | 99,847 | 287,983 | 261,330 | |||
| Intangible assets, net (excluding goodwill) | 55,997 | 58,985 | 65,189 | 71,172 | 94,308 | 51,294 | |||
| Contract with customer, asset, after allowance for credit loss | 1,772 | 2,237 | 2,685 | 2,912 | 3,961 | 3,461 | |||
| Regulated entity, other noncurrent assets | 9,453 | 11,848 | 2,737 | 1,836 | 2,310 | ||||
| Deferred income tax assets | 1,930 | 565 | 1,006 | 563 | ✕ | ||||
| Other undisclosed noncurrent assets | 5,822 | 3,372 | 14,033 | 9,843 | 65,485 | 56,338 | |||
| Total noncurrent assets: | 901,545 | 850,791 | 840,014 | 761,967 | 1,057,788 | 708,580 | |||
| TOTAL ASSETS: | 1,137,322 | 1,090,346 | 1,037,630 | 853,224 | 1,318,691 | 922,541 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 78,505 | 74,520 | 69,657 | 21,037 | 86,660 | 71,927 | |||
| Accounts payable | 77,405 | 73,020 | 69,657 | 21,037 | 86,660 | 71,927 | |||
| Accrued liabilities | 1,100 | 1,500 | |||||||
| Deferred revenue | 52,980 | 43,950 | 39,141 | 18,595 | 50,671 | ✕ | |||
| Debt | 8,371 | 13,192 | 12,800 | 8,335 | 316,794 | 229,416 | |||
| Deferred compensation liability | 31,309 | 25,839 | 12,788 | 7,030 | 32,658 | 22,668 | |||
| Other liabilities | 42,397 | 41,653 | 28,289 | 27,039 | 39,824 | 32,258 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 33,476 | ||
| Other undisclosed current liabilities | 16,234 | 11,963 | 12,451 | 15,697 | 22,180 | ||||
| Total current liabilities: | 229,796 | 211,117 | 175,126 | 97,733 | 548,787 | 389,745 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 444,304 | 456,752 | 446,580 | 285,356 | 23,698 | 705 | |||
| Long-term debt, excluding current maturities | 225,482 | ||||||||
| Finance lease, liability | 61,187 | 61,751 | 60,473 | 20,627 | 21,871 | ✕ | |||
| Other undisclosed long-term debt and lease obligation | 383,117 | 395,001 | 292,701 | 194,579 | (81,024) | (224,777) | |||
| Liabilities, other than long-term debt | 143,064 | 137,464 | 42,304 | 46,456 | 49,709 | 51,683 | |||
| Accounts payable and accrued liabilities | 1,958 | 3,071 | 2,758 | 1,456 | 2,423 | 1,868 | |||
| Deferred revenue | 23 | 125 | ✕ | ||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 2,124 | ||
| Deferred compensation liability, classified | 5,627 | 4,977 | 5,696 | 5,821 | 7,485 | 6,664 | |||
| Liability for uncertainty in income taxes | 700 | 900 | 300 | 300 | 400 | 400 | |||
| Liability, pension and other postretirement and postemployment benefits | 16,457 | 16,769 | 23,692 | 27,264 | 26,247 | 26,636 | |||
| Accrued environmental loss contingencies | 2,140 | 2,177 | 2,168 | 2,179 | 1,964 | 1,775 | |||
| Restructuring reserve | 2,666 | 3,245 | 2,571 | 2,751 | 2,383 | 1,535 | |||
| Operating lease, liability | 106,109 | 101,297 | 93,406 | 70,150 | 82,851 | ✕ | |||
| Self insurance reserve | 7,407 | 5,028 | 5,119 | 6,662 | 8,682 | 10,681 | |||
| Other undisclosed noncurrent liabilities | 50,213 | 50,626 | 143,747 | 115,586 | 143,096 | 23,944 | |||
| Total noncurrent liabilities: | 637,581 | 644,842 | 632,631 | 447,398 | 216,503 | 76,332 | |||
| Total liabilities: | 867,377 | 855,959 | 807,757 | 545,131 | 765,290 | 466,077 | |||
| Temporary equity, carrying amount | 4,733 | 4,956 | 5,444 | 5,225 | 6,172 | 5,909 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 43,433 | 14,530 | 6,282 | 95,955 | 467,498 | 436,207 | |||
| Common stock | 37,402 | 37,402 | 37,402 | 37,402 | 37,402 | 37,402 | |||
| Treasury stock, value | (195,721) | (211,657) | (220,712) | (225,742) | (231,649) | (237,790) | |||
| Additional paid in capital | 568,230 | 570,271 | 566,741 | 568,100 | 574,473 | 575,339 | |||
| Accumulated other comprehensive loss | (40,394) | (47,185) | (27,429) | (30,641) | (35,699) | (47,975) | |||
| Retained earnings (accumulated deficit) | (326,084) | (334,301) | (349,720) | (253,164) | 122,971 | 109,032 | |||
| Other undisclosed equity, attributable to parent | 199 | ||||||||
| Equity, attributable to noncontrolling interest | 89,188 | 82,310 | 85,556 | 78,144 | 79,731 | 14,348 | |||
| Total equity: | 132,621 | 96,840 | 91,838 | 174,099 | 547,229 | 450,555 | |||
| Other undisclosed liabilities and equity | 132,591 | 132,591 | 132,591 | 128,769 | |||||
| TOTAL LIABILITIES AND EQUITY: | 1,137,322 | 1,090,346 | 1,037,630 | 853,224 | 1,318,691 | 922,541 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,238,680 | 1,127,311 | 507,340 | 415,435 | 1,371,695 | 1,296,184 | ||
| Cost of revenue | (1,190,077) | (1,105,277) | (596,355) | (758,427) | (1,326,041) | (1,229,588) | ||
| Gross profit: | 48,603 | 22,034 | (89,015) | (342,992) | 45,654 | 66,596 | ||
| Operating expenses | (5,530) | 12,586 | (6,066) | (17,867) | (19,544) | (1,587) | ||
| Other operating expense, net (Other Expenses) | (2,033) | (2,077) | (2,013) | (1,132) | (1,586) | |||
| Other undisclosed operating income | ||||||||
| Operating income (loss): | 41,040 | 32,543 | (97,094) | (361,991) | 24,524 | 65,009 | ||
| Nonoperating income | 116 | 377 | 369 | 354 | ||||
| Investment income, nonoperating | 116 | 377 | 369 | 354 | ||||
| Profit from real estate operations | ||||||||
| Interest and debt expense | (47,978) | (34,891) | (28,440) | (18,264) | (14,199) | (9,640) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (6,938) | (2,348) | (125,418) | (379,878) | 10,694 | 55,723 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 50,011 | 36,968 | 30,337 | 19,019 | 15,416 | 9,286 | ||
| Income (loss) from continuing operations before income taxes: | 43,073 | 34,620 | (95,081) | (360,859) | 26,110 | 65,009 | ||
| Income tax expense (benefit) | (18,799) | (9,973) | 1,788 | (14,246) | (2,506) | (17,095) | ||
| Income (loss) from continuing operations: | 24,274 | 24,647 | (93,293) | (375,105) | 23,604 | 47,914 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (92,735) | (376,952) | 23,523 | 49,395 | |
| Income (loss) from discontinued operations | (822) | 148 | 558 | (1,847) | (81) | 1,481 | ||
| Net income (loss): | 23,452 | 24,795 | (92,735) | (376,952) | 23,523 | 49,395 | ||
| Net income (loss) attributable to noncontrolling interest | (7,435) | (1,575) | 80 | 2,858 | (1,488) | (225) | ||
| Net income (loss) attributable to parent: | 16,017 | 23,220 | (92,655) | (374,094) | 22,035 | 49,170 | ||
| Other undisclosed net loss available to common stockholders, basic | (9,794) | (12,164) | (9,518) | (3,932) | (1,465) | (709) | ||
| Net income (loss) available to common stockholders, basic: | 6,223 | 11,056 | (102,173) | (378,026) | 20,570 | 48,461 | ||
| Convertible preferred dividends | 7,721 | 3,006 | ||||||
| Other undisclosed net income (loss) available to common stockholders, diluted | 18 | 30 | (7,721) | |||||
| Net income (loss) available to common stockholders, diluted: | 6,241 | 11,086 | (102,173) | (375,020) | 20,570 | 48,461 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 23,452 | 24,795 | (92,735) | (376,952) | 23,523 | 49,395 | ||
| Net income attributable to redeemable noncontrolling interest | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other comprehensive income (loss) | 21 | 192 | 210 | (9) | 4 | 357 | ||
| Other undisclosed comprehensive income (loss) | 6,770 | (19,948) | 3,002 | 5,067 | 12,272 | (23,580) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 30,243 | 5,039 | (89,523) | (371,894) | 35,799 | 26,172 | ||
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.