Groupon, Inc. (GRPN) Financial Statements (2024 and earlier)

Company Profile

Business Address 600 WEST CHICAGO AVENUE, SUITE 400
CHICAGO, IL 60654
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7311 - Advertising Agencies (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 investments281,279498,726850,587750,887841,021880,129
Cash and cash equivalents281,279498,726850,587750,887841,021880,129
Restricted cash and investments  4981,5343,3204,900
Receivables51,66244,46648,43559,74476,210114,976
Prepaid expense16,04828,55018,03827,07728,20940,399
Deferred costs9,3626,476    
Other current assets9,0009,83315,68624,77919,45011,416
Other undisclosed current assets   78223,89230,41920,628
Total current assets:367,351588,051934,026887,913998,6291,072,448
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization  3,29921,52328,193
Operating lease, right-of-use asset12,12791,934107,509133,832
Property, plant and equipment    124,950143,117151,145
Long-term investments and receivables    1,405 108,404
Long-term investments    1,405 108,404
Intangible assets, net (including goodwill)196,326240,703244,850360,309370,892306,185
Goodwill178,685216,393214,699325,017325,491286,989
Intangible assets, net (excluding goodwill)17,64124,31030,15135,29245,40119,196
Restricted cash and investments    236387400
Deferred income tax assets13,55062,945  
Other noncurrent assets27,49125,10234,32728,60520,98912,538
Other undisclosed noncurrent assets176,272145,84769,27221,300108,12826,385
Total noncurrent assets:425,766569,830477,481698,830643,513605,057
TOTAL ASSETS:793,1171,157,8811,411,5071,586,7431,642,1421,677,505
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities59,568261,478328,025280,607305,393363,164
Accounts payable59,56822,16533,02620,41538,35931,968
Accrued liabilities  239,313294,999260,192267,034331,196
Debt75,000100,600204,62240,768  
Other liabilities171,452     
Other undisclosed current liabilities225,420268,909406,341500,172651,781770,335
Total current liabilities:531,440630,987938,988821,547957,1741,133,499
Noncurrent Liabilities
Long-term debt and lease obligation224,923282,150320,4175,83112,48118,500
Long-term debt, excluding current maturities224,923223,403229,490   
Capital lease obligations12,48118,500
Finance lease, liability    5,831
Liabilities, other than long-term debt27,89634,44844,42835,25381,58883,097
Accounts payable and accrued liabilities    30,12139,85843,699
Deferred rent credit     32,186
Other liabilities18,58634,44844,4285,1329,54439,398
Operating lease, liability9,31058,74790,927 
Other undisclosed noncurrent liabilities    3,9036,619811
Total noncurrent liabilities:252,819316,598364,84544,987100,688102,408
Other undisclosed liabilities    325,163201,669189,753
Total liabilities:784,259947,5851,303,8331,191,6971,259,5311,425,660
Equity
Equity, attributable to parent, including:8,475209,872107,675393,936381,248250,973
Common stock4447776 
Treasury stock, value(922,666)(922,666)(922,666)(922,666)(877,491)(867,450)
Additional paid in capital2,322,6722,294,2152,348,1142,310,3202,234,5602,174,708
Accumulated other comprehensive income (loss)2,942(4,813)3,10939,08134,60231,844
Accumulated deficit(1,394,477)(1,156,868)(1,320,886)(1,032,876)(1,010,499)(1,088,204)
Other undisclosed equity, attributable to parent      75
Equity, attributable to noncontrolling interest383424(1)1,1101,363872
Total equity:8,858210,296107,674395,046382,611251,845
TOTAL LIABILITIES AND EQUITY:793,1171,157,8811,411,5071,586,7431,642,1421,677,505

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
Revenues599,085967,1081,416,8682,218,9152,636,7462,843,877
Revenue, net2,843,877
Cost of revenue
(Cost of Goods and Services Sold)
(76,261)(229,992)(739,574)(1,032,786)(1,316,145)(1,510,016)
Gross profit:522,824737,116677,2941,186,1291,320,6011,333,861
Operating expenses(690,639)(741,771)(954,392)(1,146,331)(1,266,562)(1,304,426)
Operating income (loss):(167,815)(4,655)(277,098)39,79854,03929,435
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(24,155)92,680(16,968)(53,329)(53,008)6,710
Interest and debt expense(14,380)(5,090)(33,192)(23,593)(21,909)(20,680)
Income (loss) from continuing operations before equity method investments, income taxes:(206,350)82,935(327,258)(37,124)(20,878)15,465
Other undisclosed income from continuing operations before income taxes14,3805,09033,19223,59321,90920,680
Income (loss) from continuing operations before income taxes:(191,970)88,025(294,066)(13,531)1,03136,145
Income tax expense (benefit)(42,410)32,3237,504(761)957(7,544)
Income (loss) from continuing operations:(234,380)120,348(286,562)(14,292)1,98828,601
Income (loss) before gain (loss) on sale of properties:120,348(286,180)(11,695)1,98828,601
Income from discontinued operations   3822,597  
Other undisclosed net loss      (1,974)
Net income (loss):(234,380)120,348(286,180)(11,695)1,98826,627
Net loss attributable to noncontrolling interest(3,229)(1,680)(1,751)(10,682)(13,067)(12,587)
Net income (loss) available to common stockholders, diluted:(237,609)118,668(287,931)(22,377)(11,079)14,040

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):(234,380)120,348(286,180)(11,695)1,98826,627
Other comprehensive loss  (35,972) (34)(9,697)
Other undisclosed comprehensive income (loss)7,755(7,922) 4,4792,631(16,511)
Comprehensive income (loss):(226,625)112,426(322,152)(7,216)4,585419
Comprehensive loss, net of tax, attributable to noncontrolling interest(3,229)(1,680)(1,751)(10,682)(13,067)(12,587)
Comprehensive income (loss), net of tax, attributable to parent:(229,854)110,746(323,903)(17,898)(8,482)(12,168)

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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