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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues $ 3,566,324 $ 3,900,125 $ 3,646,342
Cost of revenues (exclusive of depreciation and amortization shown separately below) 3,059,052 3,415,046 3,173,493
Selling, general, and administrative expenses 324,596 250,235 175,360
Impairment of goodwill and indefinite-lived asset 275,170 43,500 1,572,523
Gain on deconsolidation of subsidiaries 0 (58,891) 0
Loss on divestitures 0 0 2,863
Depreciation and amortization 204,553 208,856 216,046
Income from equity method investments (2,064)
Total operating expenses 3,861,307 3,853,536 5,140,285
Operating (loss) income from continuing operations (294,983) 46,589 (1,493,943)
Other (income) expenses:      
Change in fair value of warrant liabilities (584) (286) (21,236)
Interest expense, net 146,792 165,734 104,387
Total other expenses, net 146,208 165,448 83,151
Loss from continuing operations before income taxes (441,191) (118,859) (1,577,094)
Benefit from income taxes from continuing operations (62,787) (37,648) (158,442)
Net loss from continuing operations (378,404) (81,211) (1,418,652)
Net income from discontinued operations, net of tax 53,634 20,829 41,350
Net loss (324,770) (60,382) (1,377,302)
Less: net income from continuing operations attributable to noncontrolling interest, net of tax 0 2,346 3,757
Less: net income (loss) from discontinued operations attributable to noncontrolling interest, net of tax 2,192 594 (546)
Net loss attributable to stockholders of Advantage Solutions Inc. $ (326,962) $ (63,322) $ (1,380,513)
Net loss per common share:      
Basic loss per common share from continuing operations attributable to stockholders of Advantage Solutions Inc. $ (1.18) $ (0.26) $ (4.46)
Basic earnings per common share from discontinued operations attributable to stockholders of Advantage Solutions Inc. 0.16 0.06 0.13
Diluted net loss per share:      
Diluted loss per common share from continuing operations attributable to stockholders of Advantage Solutions Inc. (1.18) (0.26) (4.46)
Diluted earnings per common share from discontinued operations attributable to stockholders of Advantage Solutions Inc. $ 0.16 $ 0.06 $ 0.13
Weighted-average number of common shares:      
Basic 321,515,982 323,677,515 318,682,548
Diluted 321,515,982 323,677,515 318,682,548
Comprehensive Loss:      
Net (loss) attributable to stockholders of Advantage Solutions Inc. $ (326,962) $ (63,322) $ (1,380,513)
Other comprehensive (loss) income, net of tax:      
Foreign currency translation adjustments (9,485) 5,817 (14,370)
Total comprehensive loss attributable to stockholders of Advantage Solutions Inc. $ (336,447) $ (57,505) $ (1,394,883)