Viad Corp (VVI) Financial Statements (2024 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)

9/30/2023
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 investments59,71961,60039,54561,99944,89353,723
Cash and cash equivalents59,71961,60039,54561,99944,89353,723
Receivables122,37391,96617,837126,246108,936104,811
Inventory, net of allowances, customer advances and progress billings10,7858,5818,72717,26916,62930,372
Inventory10,7858,5818,72717,26916,62930,372
Prepaid expense13,37010,284    
Contract with customer, asset, after allowance for credit loss14,33111,1057,92324,53518,017
Other current assets18,97714,08017,22530,85425,48621,030
Total current assets:239,555197,61691,257260,903213,961209,936
Noncurrent Assets
Operating lease, right-of-use asset102,77795,91582,739103,314
Property, plant and equipment549,578549,108492,154500,901333,847305,571
Intangible assets, net (including goodwill)180,414177,267171,019382,291312,624333,332
Goodwill121,429112,07899,847287,983261,330270,551
Intangible assets, net (excluding goodwill)58,98565,18971,17294,30851,29462,781
Contract with customer, asset, after allowance for credit loss2,2372,6852,9123,9613,461
Regulated entity, other noncurrent assets11,848 2,7371,8362,310984
Deferred income tax assets5651,006563 
Other undisclosed noncurrent assets3,37214,0339,84365,48556,33870,076
Total noncurrent assets:850,791840,014761,9671,057,788708,580709,963
TOTAL ASSETS:1,090,3461,037,630853,2241,318,691922,541919,899
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities74,52069,65721,03786,66071,92777,380
Accounts payable73,02069,65721,03786,66071,92777,380
Accrued liabilities1,500     
Deferred revenue43,95039,14118,59550,671
Debt13,19212,8008,335316,794229,416152,599
Deferred compensation liability25,83912,7887,03032,65822,66830,614
Customer advances and deposits33,415
Contract with customer, liability33,476
Other liabilities41,65328,28927,03939,82432,25838,720
Other undisclosed current liabilities11,96312,45115,69722,180  
Total current liabilities:211,117175,12697,733548,787389,745332,728
Noncurrent Liabilities
Long-term debt and lease obligation, including:456,752446,580285,35623,69870556,593
Long-term debt, excluding current maturities     225,482206,338
Finance lease, liability61,75160,47320,62721,871
Other undisclosed long-term debt and lease obligation395,001292,701194,579(81,024)(224,777)(149,745)
Liabilities, other than long-term debt137,46442,30446,45649,70951,68357,353
Accounts payable and accrued liabilities3,0712,7581,4562,4231,8681,305
Deferred revenue   23125
Contract with customer, liability2,124
Deferred compensation liability, classified4,9775,6965,8217,4856,6649,740
Liability for uncertainty in income taxes 9003003004004001,700
Liability, pension and other postretirement and postemployment benefits16,76923,69227,26426,24726,63628,135
Accrued environmental loss contingencies2,1772,1682,1791,9641,7751,728
Restructuring reserve3,2452,5712,7512,3831,5351,827
Operating lease, liability101,29793,40670,15082,851
Self insurance reserve5,0285,1196,6628,68210,68112,918
Other undisclosed noncurrent liabilities50,626143,747115,586143,09623,94423,640
Total noncurrent liabilities:644,842632,631447,398216,50376,332137,586
Total liabilities:855,959807,757545,131765,290466,077470,314
Temporary equity, carrying amount4,9565,4445,2256,1725,9096,648
Equity
Equity, attributable to parent, including:14,5306,28295,955467,498436,207429,131
Common stock37,40237,40237,40237,40237,40237,402
Treasury stock, value(211,657)(220,712)(225,742)(231,649)(237,790)(226,215)
Additional paid in capital570,271566,741568,100574,473575,339574,458
Accumulated other comprehensive loss(47,185)(27,429)(30,641)(35,699)(47,975)(22,568)
Retained earnings (accumulated deficit)(334,301)(349,720)(253,164)122,971109,03265,836
Other undisclosed equity, attributable to parent     199218
Equity, attributable to noncontrolling interest82,31085,55678,14479,73114,34813,806
Total equity:96,84091,838174,099547,229450,555442,937
Other undisclosed liabilities and equity132,591132,591128,769   
TOTAL LIABILITIES AND EQUITY:1,090,3461,037,630853,2241,318,691922,541919,899

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
Revenues1,127,311507,340415,4351,371,6951,296,1841,306,965
Revenue, net1,306,965
Cost of revenue(1,105,277)(596,355)(758,427)(1,326,041)(1,229,588)(1,201,611)
Cost of goods and services sold      (1,050,547)
Gross profit:22,034(89,015)(342,992)45,65466,596105,354
Operating expenses12,586(6,066)(17,867)(19,544)(1,587)(1,004)
Other operating expense, net
(Other Expenses)
(2,077)(2,013)(1,132)(1,586)  
Operating income (loss):32,543(97,094)(361,991)24,52465,009104,350
Nonoperating income
(Investment Income, Nonoperating)
  116377369354319
Interest and debt expense(34,891)(28,440)(18,264)(14,199)(9,640)(8,304)
Income (loss) from continuing operations before equity method investments, income taxes:(2,348)(125,418)(379,878)10,69455,72396,365
Other undisclosed income from continuing operations before income taxes36,96830,33719,01915,4169,2867,985
Income (loss) from continuing operations before income taxes:34,620(95,081)(360,859)26,11065,009104,350
Income tax expense (benefit)(9,973)1,788(14,246)(2,506)(17,095)(45,898)
Income (loss) from continuing operations:24,647(93,293)(375,105)23,60447,91458,452
Income (loss) before gain (loss) on sale of properties:(92,735)(376,952)23,52349,39558,184
Income (loss) from discontinued operations148558(1,847)(81)1,481(268)
Net income (loss):24,795(92,735)(376,952)23,52349,39558,184
Net income (loss) attributable to noncontrolling interest(1,575)802,858(1,488)(225)(477)
Net income (loss) attributable to parent:23,220(92,655)(374,094)22,03549,17057,707
Other undisclosed net loss available to common stockholders, basic(12,164)(9,518)(3,932)(1,465)(709)(700)
Net income (loss) available to common stockholders, basic:11,056(102,173)(378,026)20,57048,46157,007
Convertible preferred dividends 7,7213,006   
Other undisclosed net income (loss) available to common stockholders, diluted30(7,721)    
Net income (loss) available to common stockholders, diluted:11,086(102,173)(375,020)20,57048,46157,007

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):24,795(92,735)(376,952)23,52349,39558,184
Other comprehensive income (loss) 192210(9)4357636
Other undisclosed comprehensive income (loss)(19,948)3,0025,06712,272(23,580)16,187
Comprehensive income (loss), net of tax, attributable to parent:5,039(89,523)(371,894)35,79926,17275,007

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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