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Condensed Financial Information of Parent Company
12 Months Ended
Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]  
Condensed Financial Information of Parent Company Condensed Financial Information of Parent Company
GoodRx Holdings, Inc. has no material assets or standalone operations other than its ownership in its consolidated
subsidiaries. Under the terms of debt agreements entered into by GoodRx, a wholly-owned subsidiary of GoodRx
Intermediate Holdings, LLC, which itself is a wholly-owned subsidiary of GoodRx Holdings, Inc., GoodRx is restricted from
making dividend payments, loans or advances to GoodRx Intermediate Holdings, LLC and GoodRx Holdings, Inc. These
restrictions have resulted in the restricted net assets (as defined in Rule 1-02 of Regulation S-X) of GoodRx and its
subsidiaries to exceed 25% of the consolidated net assets of GoodRx Holdings, Inc. and its subsidiaries.
The condensed financial information is presented on a “parent-only” basis, and GoodRx Holdings, Inc.’s investment in
its subsidiary is stated at cost plus equity in earnings (loss) of subsidiary less distributions received from subsidiary since the
date of acquisition. GoodRx Holdings. Inc.’s share of net income (loss) of its subsidiary is included in net income (loss) using
the equity method of accounting.
During 2024, 2023 and 2022, GoodRx Holdings, Inc. received no dividends from its subsidiary.
The following table presents the parent-only balance sheets of GoodRx Holdings, Inc.:
(in thousands, except par values)
December 31, 2024
December 31, 2023
Assets
Cash
$30
$5
Other assets
164
Investment in subsidiary, net of distributions
724,628
761,790
Total assets
$724,658
$761,959
Liabilities and stockholders' equity
Total liabilities
$
$1
Stockholders' equity
 
 
Preferred stock, $0.0001 par value
Common stock, $0.0001 par value
38
40
Additional paid-in capital
2,165,633
2,219,321
Accumulated deficit
(1,441,013)
(1,457,403)
Total stockholders' equity
724,658
761,958
Total liabilities and stockholders' equity
$724,658
$761,959
The following table presents the parent-only statements of operations of GoodRx Holdings, Inc.:
Year Ended December 31,
(in thousands)
2024
2023
2022
Equity in earnings (loss) of subsidiary
$16,390
$(8,868)
$(32,828)
Net income (loss)
$16,390
$(8,868)
$(32,828)
The following table presents the parent-only statements of cash flows of GoodRx Holdings, Inc.:
Year Ended December 31,
(in thousands)
2024
2023
2022
Cash flows from operating activities
Net income (loss)
$16,390
$(8,868)
$(32,828)
Adjustments to reconcile net income (loss) to net cash provided by
(used in) operating activities:
Equity in (earnings) loss of subsidiary
(16,390)
8,868
32,828
Changes in assets and liabilities:
Other assets
164
(164)
80
Other current liabilities
(1)
1
Net cash provided by (used in) operating activities
163
(163)
80
Cash flows from investing activities
Distribution from subsidiary
167,679
162,287
113,117
Net cash provided by investing activities
167,679
162,287
113,117
Cash flows from financing activities
Repurchases of Class A common stock
(158,845)
(103,974)
(101,721)
Proceeds from exercise of stock options
19,046
5,941
9,159
Employee taxes paid related to net share settlement of equity awards
(29,784)
(65,481)
(20,635)
Proceeds from employee stock purchase plan
1,766
1,390
Net cash used in financing activities
(167,817)
(162,124)
(113,197)
Net change in cash
25
Cash
Beginning of period
5
5
5
End of period
$30
$5
$5