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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 204,301 $ 184,224
Restricted cash 15,665 14,801
Accounts receivable, net of allowance for expected credit losses of $16,377 and $15,107, respectively 574,142 684,046
Prepaid expenses and other current assets 105,643 69,420
Total current assets 899,751 952,491
Property and equipment, net 80,016 114,690
Goodwill 2,163,339 2,116,696
Other intangible assets, net 2,452,796 2,600,596
Investments in unconsolidated affiliates 115,624 111,663
Other assets 65,966 116,547
Total assets 5,777,492 6,012,683
Current liabilities    
Current portion of long-term debt 63,745 27,655
Accounts payable 195,452 179,415
Accrued compensation and benefits 142,136 136,645
Other accrued expenses 121,758 128,835
Deferred revenues 51,898 45,581
Total current liabilities 574,989 518,131
Long-term debt, net of current portion 2,029,328 3,172,087
Deferred income tax liabilities, net 491,242 506,362
Other long-term liabilities 141,910 146,297
Total liabilities 3,237,469 4,342,877
Commitments and contingencies (Note 17)
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, 2020 and 2019, respectively  
Common stock, $0.0001 par value, 3,290,000,000 shares authorized; 318,425,182 and 203,750,000 shares issued and outstanding as of December 31, 2020 and 2019, respectively 32 20
Additional paid in capital 3,356,417 2,337,471
Accumulated deficit (907,738) (745,295)
Loans to Karman Topco L.P. (6,316) (6,244)
Accumulated other comprehensive income (loss) 674 (8,153)
Total equity attributable to stockholders of Advantage Solutions Inc. 2,443,069 1,577,799
Nonredeemable noncontrolling interest 96,954 92,007
Total stockholders' equity 2,540,023 1,669,806
Total liabilities and stockholders' equity $ 5,777,492 $ 6,012,683