XML 18 R2.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 120,715 $ 164,622
Restricted cash 17,817 16,015
Accounts receivable, net of allowance for expected credit losses of $22,752 and $13,648, respectively 869,000 797,677
Prepaid expenses and other current assets 149,476 126,000
Total current assets 1,157,008 1,104,314
Property and equipment, net 70,898 63,696
Goodwill 887,949 2,206,004
Other intangible assets, net 1,897,503 2,287,514
Investments in unconsolidated affiliates 129,491 125,158
Other assets 119,522 67,582
Total assets 4,262,371 5,854,268
Current liabilities    
Current portion of long-term debt 13,991 14,397
Accounts payable 261,464 277,366
Accrued compensation and benefits 154,744 139,157
Other accrued expenses 133,173 164,133
Deferred revenues 37,329 50,467
Total current liabilities 600,701 645,520
Long-term debt, net of current portion 2,022,819 2,028,882
Deferred income tax liabilities 297,874 483,165
Warrant liability 953 22,189
Other long-term liabilities 110,554 92,218
Total liabilities 3,032,901 3,271,974
Commitments and contingencies (Note 18)
Redeemable noncontrolling interest 3,746 1,893
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, 2022 and 2021, respectively 0 0
Common stock, $0.0001 par value, 3,290,000,000 shares authorized; 319,690,300 and 316,963,552 shares issued and outstanding as of December 31, 2022 and 2021, respectively 32 32
Additional paid in capital 3,408,836 3,373,278
Accumulated deficit (2,247,109) (866,607)
Loans to Karman Topco L.P. (6,363) (6,340)
Accumulated other comprehensive loss (18,849) (4,479)
Treasury stock, at cost; 1,610,014 shares as of December 31, 2022 (12,567) (12,567)
Total equity attributable to stockholders of Advantage Solutions Inc. 1,123,980 2,483,317
Nonredeemable noncontrolling interest 101,744 97,084
Total stockholders' equity 1,225,724 2,580,401
Total liabilities, redeemable noncontrolling interest, and stockholders' equity $ 4,262,371 $ 5,854,268