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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 9,501 $ 23,341
Restricted cash 24,523 43,812
Accounts receivable, net of allowance for credit losses of $5,551 and $6,628, respectively 75,777 76,893
Inventories, net 12,473 11,502
Prepaid expenses and other current assets 27,651 25,364
Total current assets 150,399 181,208
Property, plant and equipment, net of accumulated depreciation of $215,449 and $213,142, respectively 55,428 58,366
Operating lease right-of-use assets, net 31,688 33,874
Goodwill 170,355 170,452
Intangible assets, net 157,078 164,920
Deferred income tax assets 2,913 3,043
Other noncurrent assets 23,943 24,474
Total assets 591,804 636,337
Current liabilities    
Current portion of long-term debt 29,057 30,029
Accounts payable 66,375 61,109
Income tax payable 2,352 2,080
Accrued liabilities 63,404 63,699
Accrued compensation and benefits 74,927 65,012
Accrued interest 29,946 52,389
Customer deposits 23,731 23,838
Deferred revenue 14,524 12,099
Obligation for claim payment 43,336 66,988
Current portion of finance lease liabilities 4,348 4,856
Current portion of operating lease liabilities 10,214 10,845
Total current liabilities 364,677 394,882
Long-term debt, net of current maturities 1,041,940 1,030,580
Finance lease liabilities, net of current portion 5,170 5,953
Pension liabilities, net 12,617 13,192
Deferred income tax liabilities 12,638 11,692
Long-term income tax liabilities 6,086 6,359
Operating lease liabilities, net of current portion 24,916 26,703
Other long-term liabilities 5,392 5,811
Total liabilities 1,473,436 1,495,172
Commitments and Contingencies (Note 8)
Stockholders' deficit    
Common Stock, par value of $0.0001 per share; 1,600,000,000 shares authorized; 6,365,355 shares issued and outstanding at March 31, 2024 and December 31, 2023 261 261
Preferred stock
Additional paid in capital 1,237,354 1,236,171
Accumulated deficit (2,108,993) (2,084,114)
Accumulated other comprehensive loss:    
Foreign currency translation adjustment (6,422) (7,648)
Unrealized pension actuarial gains (losses), net of tax 37 (174)
Total accumulated other comprehensive loss (6,385) (7,822)
Total stockholders' deficit attributable to Exela Technologies, Inc. (877,762) (855,503)
Noncontrolling interest in XBP Europe (3,870) (3,332)
Total stockholders' deficit (881,632) (858,835)
Total liabilities and stockholders' deficit 591,804 636,337
Series A Preferred Stock    
Stockholders' deficit    
Preferred stock 1 1
Series B Preferred Stock    
Stockholders' deficit    
Preferred stock
Related party    
Current assets    
Related party receivables and prepaid expenses 474 296
Current liabilities    
Related party payables $ 2,463 $ 1,938