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Schedule I - Condensed Financial Information of Registrant
 12 Months Ended
Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract]  
Schedule I - Condensed Financial Information of Registrant
SCHEDULE I—CONDENSED FINANCIAL INFORMATION OF REGISTRANT
PARTY CITY HOLDCO INC.
(Parent company only)
CONDENSED BALANCE SHEETS
(Dollars in thousands)
 
December 31,
2019
 
  
December 31,
2018
 
ASSETS
 
 
 
  
 
 
Other assets (principally investment in and amounts due from wholly-owned subsidiaries)
  $
533,096
    $
1,046,681
  
                 
Total assets
  $
533,096
    $
1,046,681
  
                 
LIABILITIES, REDEEMABLE SECURITIES AND
 
STOCKHOLDERS’ EQUITY
 
 
 
  
 
 
Total liabilities
  $
—  
     $
—  
  
Redeemable securities
   
3,351
      
3,351
  
Stockholders’ equity:
   
     
 
Common stock
 (
94,461,576
and
93,622,934 shares outstanding and
 
121,662,540 and
120,788,159 shares issued at December 31,
2019
and December 31,
2018
, respectively)
   
1,211
      
1,208
 
Additional
paid-in
capital
    
928,573
     
922,476
 
Retained
(def
i
cit)
 
earnings
   
(37,219
)    
495,777
 
Accumulated other comprehensive loss
   
(35,734
 )    
(49,201
 )
                 
Total stockholders’ equity before common stock held in treasury
   
856,831
     
1,370,260
  
Less: Common stock held in treasury, at cost (27,200,964 shares and 27,165,225 shares at December 31, 201
9
and December 31, 201
8
, respectively)
   
(327,086
 )    
(326,930
 )
                 
Total stockholders’ equity
   
529,745
     
1,043,330
  
                 
Total liabilities, redeemable securities and stockholders’ equity
  $
533,096
    $
1,046,681
  
                 
See accompanying notes to these condensed financial statements.
PARTY CITY HOLDCO INC.
(Parent company only)
CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME
(Dollars in thousands)
  
Fiscal Year Ended December 31,
 
  
2019
 
  
2018
 
  
2017
 
Equity in net income of subsidiaries
  $
(532,495
 )    $
122,850
    $
215,340
 
                         
Net income
  $
(532,495
 )    $
122,850
    $
215,340
 
Add: Net income attributable to redeemable securities holder
   
—
      
409
      
—  
  
                         
Net income attributable to common shareholders of Party City Holdco Inc.
  $
(532,495
 )    $
123,259
    $
215,340
 
                         
Other comprehensive (loss) income, net
   
13,467
     
(13,383
 )    
16,421
 
                         
Comprehensive income
   
(519,028
 )     
109,467
     
231,761
 
Comprehensive income attributable to redeemable securities holder
   
—
      
409
     
—  
  
                         
Comprehensive income attributable to common shareholders of Party City Holdco Inc.
  $
(519,028
 )    $
109,876
    $
231,761
  
                         
See accompanying notes to these condensed financial statements.
PARTY CITY HOLDCO INC.
(Parent company only)
CONDENSED STATEMENTS OF CASH FLOWS
(Dollars in thousands)
                         
 
Fiscal Year Ended December 31,
  
 
    2019    
 
  
    2018    
 
  
    2017    
 
Cash flows provided by (used in) operating activities:
   
     
     
 
Net income
  $
(532,495
 )    $
122,850
     $
215,340
  
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
   
     
     
 
Equity in net income of subsidiaries
   
532,495
      
(122,850
 )    
(215,340
 )
Change in due to/from affiliates
   
(989
 )     
37,928
      
285,435
  
                         
Net cash (used in) provided by operating activities
   
(989
 )     
37,928
      
285,435
  
Cash flows (used in) provided by financing activities:
   
     
     
 
Treasury stock purchases
   
(156
 )    
(40,197
 )    
(286,733
 )
Exercise of stock options
   
1,145
     
2,269
      
1,298
  
                         
Net cash provided by (used in) financing activities
   
989
      
(37,928
 )    
(285,435
 )
Net change in cash and cash equivalents
   
—  
      
—  
      
—  
  
Cash and cash equivalents at beginning of period
   
—  
      
—
 
 
      
—  
  
                         
Cash and cash equivalents at end of period
  $
—  
     $
—  
     $
—
 
 
  
                         
 
 
 
 
 
 
 
 
 
 
 
 
 
See accompanying notes to these condensed financial statements.