BuzzFeed, Inc. (BZFD) financial statements (2022 and earlier)

Company profile

Business Address 111 E. 18TH STREET, 13TH FLOOR
NEW YORK, NY 10003
State of Incorp. DE
Fiscal Year End December 31
SIC 4899 - Communications Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments79,733
Cash and cash equivalents79,733
Receivables142,909
Contract with customer, asset13,300
Other undisclosed current assets15,717
Total current assets:251,659
Noncurrent Assets
Property, plant and equipment23,052
Intangible assets, net (including goodwill)331,394
Goodwill194,881
Intangible assets, net (excluding goodwill)136,513
Assets held-in-trust16,200
Other undisclosed noncurrent assets14,909
Total noncurrent assets:385,555
TOTAL ASSETS:637,214
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities84,845
Accounts payable16,025
Accrued liabilities31,386
Employee-related liabilities37,434
Deferred revenue1,676
Deferred rent credit4,894
Other liabilities2,731
Total current liabilities:94,146
Noncurrent Liabilities
Long-term debt and lease obligation141,878
Long-term debt, excluding current maturities141,878
Liabilities, other than long-term debt21,371
Deferred rent credit12,504
Other liabilities3,992
Derivative instruments and hedges, liabilities4,875
Other undisclosed noncurrent liabilities4,938
Total noncurrent liabilities:168,187
Total liabilities:262,333
Temporary equity, carrying amount2,294
Stockholders' equity
Stockholders' equity attributable to parent, including:370,543
Additional paid in capital695,869
Accumulated other comprehensive loss(3,233)
Accumulated deficit(322,106)
Other undisclosed stockholders' equity attributable to parent13
Stockholders' equity attributable to noncontrolling interest2,044
Total stockholders' equity:372,587
TOTAL LIABILITIES AND EQUITY:637,214

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

12/31/2021
Revenues397,564
Cost of revenue
(Cost of Goods and Services Sold)
(207,397)
Gross profit:190,167
Operating expenses(215,321)
Operating loss:(25,154)
Nonoperating expense(3,974)
Investment income, nonoperating(1,234)
Other nonoperating expense(2,740)
Loss from continuing operations before equity method investments, income taxes:(29,128)
Other undisclosed income from continuing operations before income taxes28,600
Loss from continuing operations before income taxes:(528)
Income tax benefit26,404
Net income:25,876
Other undisclosed net loss attributable to parent(1,164)
Net income attributable to parent:24,712
Undistributed earnings (loss) allocated to participating securities, basic(24,712)
Interest on convertible debt1,317
Other undisclosed net loss available to common stockholders, diluted(2,033)
Net loss available to common stockholders, diluted:(716)

Comprehensive Income ($ in thousands)

12/31/2021
Net income:25,876
Other comprehensive income126
Comprehensive income:26,002
Comprehensive loss, net of tax, attributable to noncontrolling interest(228)
Other undisclosed comprehensive loss, net of tax, attributable to parent(936)
Comprehensive income, net of tax, attributable to parent:24,838

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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