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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 205,233 $ 120,839
Restricted cash 15,518 16,363
Accounts receivable, net of allowance for expected credit losses of $13,047 and $29,294, respectively 603,069 659,499
Prepaid expenses and other current assets 86,918 115,921
Current assets of discontinued operations 0 99,412
Total current assets 910,738 1,012,034
Property and equipment, net 97,763 64,708
Goodwill 477,021 710,191
Other intangible assets, net 1,332,578 1,551,828
Investments in unconsolidated affiliates 226,510 210,829
Other assets 61,907 43,543
Other assets of discontinued operations 0 186,190
Total assets 3,106,517 3,779,323
Current liabilities    
Current portion of long-term debt 13,250 13,274
Accounts payable 158,485 172,894
Accrued compensation and benefits 129,486 161,447
Other accrued expenses 134,677 144,415
Deferred revenues 24,164 26,598
Current liabilities of discontinued operations 0 22,669
Total current liabilities 460,062 541,297
Long-term debt, net of current portion 1,686,690 1,848,118
Deferred income tax liabilities 146,889 204,136
Other long-term liabilities 64,141 74,555
Other liabilities of discontinued operations 0 7,140
Total liabilities 2,357,782 2,675,246
Commitments and contingencies (Note 18)
Equity attributable to stockholders of Advantage Solutions Inc.    
Preferred stock, no par value, 10,000,000 shares authorized; none issued and outstanding as of December 31, 2024 and 2023, respectively 0 0
Common stock, $0.0001 par value, 3,290,000,000 shares authorized; 320,773,096 and 322,235,261 shares issued and outstanding as of December 31, 2024 and 2023, respectively 32 32
Additional paid in capital 3,466,221 3,449,261
Accumulated deficit (2,641,612) (2,314,650)
Loans to Karman Topco L.P. (7,029) (6,387)
Accumulated other comprehensive loss (15,861) (3,945)
Treasury stock, at cost; 12,400,075 and 3,600,075 shares as of December 31, 2024 and 2023, respectively (53,016) (18,949)
Total equity attributable to stockholders of Advantage Solutions Inc. 748,735 1,105,362
Nonredeemable noncontrolling interest 0 (1,285)
Total stockholders' equity 748,735 1,104,077
Total liabilities and stockholders' equity $ 3,106,517 $ 3,779,323