Exela Technologies Inc. (XELA) Financial Statements (2025 and earlier)

Company Profile

Business Address 2701 EAST GRAUWYLER RD.
IRVING, TX 75061
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 millions)

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 investments23152168626
Cash and cash equivalents23152168626
Restricted cash and investments4430272818
Receivables77102185208262271
Inventory, net of allowances, customer advances and progress billings121715141916
Inventory121715141916
Prepaid expense 232323302325
Disposal group, including discontinued operation      
Other undisclosed current assets239100
Total current assets:181190280323319356
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 1112917 
Operating lease, right-of-use asset3441546994
Property, plant and equipment   (197) 114133
Intangible assets, net (including goodwill)3353886036527021,115
Goodwill170187358360360708
Intangible assets, net (excluding goodwill)165201245293342407
Deferred income tax assets312712
Other noncurrent assets243025191819
Deferred tax assets, net16
Other undisclosed noncurrent assets486026171  
Total noncurrent assets:4555317578349391,284
TOTAL ASSETS:6367221,0371,1581,2581,640
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities125141260330315282
Interest and dividends payable10494949
Taxes payable13151013
Employee-related liabilities61634955
Accounts payable6179627686100
Accrued liabilities646111412612266
Deferred revenue1216171616
Debt35160243527647
Disposal group, including discontinued operation      
Due to related parties21028
Customer advances and deposits34
Other undisclosed current liabilities22319071565762
Total current liabilities:395510592455466433
Noncurrent Liabilities
Long-term debt and lease obligation1,0379511,0631,5681,4921,333
Long-term debt, excluding current maturities1,0319421,0121,4981,3981,306
Capital lease obligations27
Finance lease, liability6991320
Liabilities, other than long-term debt646849614355
Accounts payable and accrued liabilities633333
Deferred tax liabilities, net11
Deferred income tax liabilities121112108
Liability, pension and other postretirement and postemployment benefits131728362625
Other liabilities66614715
Operating lease, liability2731415773
Total noncurrent liabilities:1,1001,0191,1121,6301,5351,388
Total liabilities:1,4951,5301,7042,0842,0011,821
Equity
Equity, attributable to parent, including:(856)(808)(667)(927)(743)(181)
Preferred stock   0000
Common stock000000
Treasury stock, value  (11)(11)(11)(11)(10)
Additional paid in capital1,1791,103839447445482
Accumulated other comprehensive loss(8)(8)(18)(24)(15)(16)
Accumulated deficit(2,084)(1,948)(1,532)(1,390)(1,212)(679)
Other undisclosed equity, attributable to parent575756524942
Equity, attributable to noncontrolling interest(3)     
Total equity:(859)(808)(667)(927)(743)(181)
TOTAL LIABILITIES AND EQUITY:6367221,0371,1581,2581,640

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

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,0641,0771,1671,2931,5621,586
Cost of revenue(4)(877)(889)(1,024)(1,225)(1,210)
Cost of goods and services sold  (877)(889)(1,024)(1,225)(1,210)
Provision for loan, lease, and other losses(4)     
Other undisclosed gross profit(829)     
Gross profit:231200278269338376
Operating expenses(151)(348)(170)(186)(548)(233)
Other undisclosed operating loss(72)(81)(86)(99)(110)(150)
Operating income (loss):8(229)21(16)(321)(6)
Nonoperating income (expense)1(14)(0)35(14)4
Gain, foreign currency transaction, before tax    011
Other nonoperating income (expense)1(14)(0)35(14)3
Interest and debt expense16(5)17(3)(3)(1)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (181)(163)(151)
Income (loss) from continuing operations before equity method investments, income taxes:25(247)38(165)(501)(154)
Other undisclosed income (loss) from continuing operations before income taxes(141)(164)(168)0  
Loss from continuing operations before income taxes:(116)(411)(131)(165)(501)(154)
Income tax expense(9)(4)(12)(14)(8)(8)
Loss from continuing operations:(124)(416)(142)(179)(509)(163)
Loss before gain (loss) on sale of properties:(142)(179)(509)(163)
Net loss:(124)(416)(142)(179)(509)(163)
Net income (loss) attributable to noncontrolling interest(1)     
Other undisclosed net loss attributable to parent      
Net loss attributable to parent:(125)(416)(142)(179)(509)(163)
Preferred stock dividends and other adjustments   (2)(1)(3)(4)
Other undisclosed net loss available to common stockholders, basic(9)(7)    
Net loss available to common stockholders, diluted:(134)(423)(144)(180)(512)(166)

Comprehensive Income ($ in millions)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(124)(416)(142)(179)(509)(163)
Other comprehensive income (loss)0     
Other undisclosed comprehensive income      
Comprehensive loss:(124)(416)(142)(179)(509)(163)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)     
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 106(9)0(5)
Comprehensive loss, net of tax, attributable to parent:(126)(406)(136)(188)(509)(167)

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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