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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 23,341 $ 15,073
Restricted cash 43,812 29,994
Accounts receivable, net of allowance for credit losses of $6,628 and $6,402, respectively 76,893 101,616
Inventories, net 11,502 16,848
Prepaid expenses and other current assets 25,364 26,206
Total current assets 181,208 190,496
Property, plant and equipment, net of accumulated depreciation of $213,142 and $207,520, respectively 58,366 71,694
Operating lease right-of-use assets, net 33,874 40,734
Goodwill 170,452 186,802
Intangible assets, net 164,920 200,982
Deferred income tax assets 3,043 1,483
Other noncurrent assets 24,474 29,721
Total assets 636,337 721,912
Current liabilities    
Current portion of long-term debt 30,029 154,802
Accounts payable 61,109 79,249
Income tax payable 2,080 2,045
Accrued liabilities 63,699 61,340
Accrued compensation and benefits 65,012 54,143
Accrued interest 52,389 60,901
Customer deposits 23,838 16,955
Deferred revenue 12,099 16,405
Obligation for claim payment 66,988 44,380
Current portion of finance lease liabilities 4,856 5,485
Current portion of operating lease liabilities 10,845 11,867
Total current liabilities 394,882 510,045
Long-term debt, net of current maturities 1,030,580 942,035
Finance lease liabilities, net of current portion 5,953 9,448
Pension liabilities, net 13,192 16,917
Deferred income tax liabilities 11,692 11,180
Long-term income tax liabilities 6,359 2,742
Operating lease liabilities, net of current portion 26,703 31,030
Other long-term liabilities 5,811 6,104
Total liabilities 1,495,172 1,529,501
Commitments and Contingencies (Note 14)
Stockholders' deficit    
Common Stock, par value of $0.0001 per share; 1,600,000,000 shares authorized; 6,365,353 shares issued and outstanding at December 31, 2023 and 1,393,889 shares issued and 1,393,276 shares outstanding at December 31, 2022 261 162
Additional paid in capital 1,179,098 1,102,619
Less: Common Stock held in treasury, at cost; 0 shares at December 31, 2023 and 612 shares at December 31, 2022   (10,949)
Equity-based compensation 57,073 56,958
Accumulated deficit (2,084,114) (1,948,009)
Accumulated other comprehensive loss:    
Foreign currency translation adjustment (7,648) (4,788)
Unrealized pension actuarial losses, net of tax (174) (3,583)
Total accumulated other comprehensive loss (7,822) (8,371)
Total stockholders' deficit attributable to Exela Technologies, Inc. (855,503) (807,589)
Noncontrolling interest in XBP Europe (3,332)  
Total stockholders' deficit (858,835) (807,589)
Total liabilities and stockholders' deficit 636,337 721,912
Series A Preferred Stock    
Stockholders' deficit    
Preferred stock, $0.0001 par value per share, 20,000,000 shares authorized at December 31, 2023 and December 31, 2022, respectively 1 1
Series B Preferred Stock    
Stockholders' deficit    
Preferred stock, $0.0001 par value per share, 20,000,000 shares authorized at December 31, 2023 and December 31, 2022, respectively
Related party    
Current assets    
Related party receivables and prepaid expenses 296 759
Current liabilities    
Related party payables $ 1,938 $ 2,473