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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 30,327 $ 23,341
Restricted cash 20,933 43,812
Accounts receivable, net of allowance for credit losses of $6,813 and $6,628, respectively 61,501 76,893
Inventories, net 13,251 11,502
Prepaid expenses and other current assets 30,140 25,364
Total current assets 156,601 181,208
Property, plant and equipment, net of accumulated depreciation of $216,695 and $213,142, respectively 58,448 58,366
Operating lease right-of-use assets, net 31,421 33,874
Goodwill 170,354 170,452
Intangible assets, net 148,364 164,920
Deferred income tax assets 2,990 3,043
Other noncurrent assets 19,775 24,474
Total assets 587,953 636,337
Current liabilities    
Current portion of long-term debt 53,723 30,029
Accounts payable 68,628 61,109
Income tax payable 4,211 2,080
Accrued liabilities 57,611 63,699
Accrued compensation and benefits 71,192 65,012
Accrued interest 55,776 52,389
Customer deposits 27,898 23,838
Deferred revenue 14,018 12,099
Obligation for claim payment 38,913 66,988
Current portion of finance lease liabilities 6,422 4,856
Current portion of operating lease liabilities 9,590 10,845
Total current liabilities 411,029 394,882
Long-term debt, net of current maturities 1,015,252 1,030,580
Finance lease liabilities, net of current portion 8,203 5,953
Pension liabilities, net 12,879 13,192
Deferred income tax liabilities 12,516 11,692
Long-term income tax liabilities 6,511 6,359
Operating lease liabilities, net of current portion 24,676 26,703
Other long-term liabilities 5,621 5,811
Total liabilities 1,496,687 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; 6,365,363 shares issued and outstanding at June 30, 2024 and 6,365,355,shares issued and outstanding at December 31, 2023 261 261
Preferred stock
Additional paid in capital 1,237,687 1,236,171
Accumulated deficit (2,134,670) (2,084,114)
Accumulated other comprehensive loss:    
Foreign currency translation adjustment (7,282) (7,648)
Unrealized pension actuarial gains (losses), net of tax 215 (174)
Total accumulated other comprehensive loss (7,067) (7,822)
Total stockholders' deficit attributable to Exela Technologies, Inc. (903,788) (855,503)
Noncontrolling interest in XBP Europe (4,946) (3,332)
Total stockholders' deficit (908,734) (858,835)
Total liabilities and stockholders' deficit 587,953 636,337
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 449 296
Current liabilities    
Related party payables $ 3,047 $ 1,938