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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 121,702 $ 136,623
Restricted cash 4,530 4,227
Accounts receivable – net of allowance of $6,475 and $6,526, respectively 121,293 138,730
Prepaid expenses 13,820 15,798
Insurance recovery receivable 46,491 48,615
Taxes receivable 9,951 9,758
Other current assets 12,615 11,253
Total current assets 330,402 365,004
Property and equipment, net 179,272 179,378
Operating lease right-of-use assets 36,498 41,098
Goodwill 1,514,752 1,501,814
Intangible assets, net of accumulated amortization 397,928 403,805
Deferred income taxes, net 69,120 69,400
Other assets 38,563 41,262
Total assets 2,566,535 2,601,761
Current liabilities:    
Accounts payable 96,823 102,525
Accrued expenses 48,332 43,653
Income taxes payable 10,420 11,325
Litigation reserves 100,847 98,149
Deferred revenue 169,396 176,349
Total current liabilities 425,818 432,001
Long-term debt, net 1,349,391 1,398,658
Lease liabilities 34,223 39,858
Deferred income taxes, net 30,024 21,580
Uncertain tax positions 22,919 24,772
Other long-term liabilities 1,951 3,462
Total liabilities 1,864,326 1,920,331
Commitments & contingencies (Note 12)
Stockholders' equity:    
Class A common stock, $0.0001 par value: 2.0 billion shares authorized; 410.1 million shares issued and outstanding as of June 30, 2024 and 405.0 million shares issued and outstanding as of December 31, 2023 41 40
Additional paid-in capital 2,005,180 1,983,276
Accumulated deficit (1,245,713) (1,263,015)
Accumulated other comprehensive loss (105,478) (87,076)
Total Getty Images Holdings, Inc. stockholders’ equity 654,030 633,225
Non-controlling interest 48,179 48,205
Total stockholders’ equity 702,209 681,430
Total liabilities and stockholders’ equity $ 2,566,535 $ 2,601,761