XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 134,198 $ 136,623
Restricted cash 4,538 4,227
Accounts receivable – net of allowance of $6,439 and $6,526, respectively 138,441 138,730
Prepaid expenses 16,117 15,798
Insurance recovery receivable 47,684 48,615
Taxes receivable 9,789 9,758
Other current assets 12,850 11,253
Total current assets 363,617 365,004
Property and equipment, net 178,226 179,378
Operating lease right-of-use assets 38,744 41,098
Goodwill 1,499,432 1,501,814
Intangible assets, net of accumulated amortization 397,399 403,805
Deferred income taxes, net 69,235 69,400
Other assets 38,800 41,262
Total assets 2,585,453 2,601,761
Current liabilities:    
Accounts payable 91,837 102,525
Accrued expenses 36,407 43,653
Income taxes payable 13,941 11,325
Litigation reserves 99,539 98,149
Deferred revenue 180,603 176,349
Total current liabilities 422,327 432,001
Long-term debt, net 1,384,938 1,398,658
Lease liabilities 36,899 39,858
Deferred income taxes, net 24,837 21,580
Uncertain tax positions 24,610 24,772
Other long-term liabilities 2,697 3,462
Total liabilities 1,896,308 1,920,331
Stockholders' equity:    
Class A common stock, $0.0001 par value: 2.0 billion shares authorized; 407.3 million shares issued and outstanding as of March 31, 2024 and 405.0 million shares issued and outstanding as of December 31, 2023 41 40
Additional paid-in capital 1,993,009 1,983,276
Accumulated deficit (1,249,560) (1,263,015)
Accumulated other comprehensive loss (102,682) (87,076)
Total Getty Images Holdings, Inc. stockholders’ equity 640,808 633,225
Non-controlling interest 48,337 48,205
Total stockholders’ equity 689,145 681,430
Total liabilities and stockholders’ equity $ 2,585,453 $ 2,601,761