Advantage Solutions Inc
For the period ended Dec 31, 2024. Filed Mar 7, 2025.
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FY2024 · Filed Mar 7, 2025
ADV$32.29-2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Loss
| Year Ended December 31, | |||
|---|---|---|---|
| (in thousands, except share and per share data) | 2024 | 2023 | 2022 |
| Revenues | $3,566,324 | $3,900,125 | $3,646,342 |
| Cost of revenues (exclusive of depreciation and amortization shown separately below) | 3,059,052 | 3,415,046 | 3,173,493 |
| Selling, general, and administrative expenses | 324,596 | 250,235 | 175,360 |
| Impairment of goodwill and indefinite-lived asset | 275,170 | 43,500 | 1,572,523 |
| Gain on deconsolidation of subsidiaries | — | (58,891) | — |
| Loss on divestitures | — | — | 2,863 |
| Depreciation and amortization | 204,553 | 208,856 | 216,046 |
| Income from equity method investments | (2,064) | (5,210) | — |
| Total operating expenses | 3,861,307 | 3,853,536 | 5,140,285 |
| Operating (loss) income from continuing operations | (294,983) | 46,589 | (1,493,943) |
| Other (income) expenses: | |||
| Change in fair value of warrant liabilities | (584) | (286) | (21,236) |
| Interest expense, net | 146,792 | 165,734 | 104,387 |
| Total other expenses, net | 146,208 | 165,448 | 83,151 |
| Loss from continuing operations before income taxes | (441,191) | (118,859) | (1,577,094) |
| Benefit from income taxes from continuing operations | (62,787) | (37,648) | (158,442) |
| Net loss from continuing operations | (378,404) | (81,211) | (1,418,652) |
| Net income from discontinued operations, net of tax | 53,634 | 20,829 | 41,350 |
| Net loss | (324,770) | (60,382) | (1,377,302) |
| Less: net income from continuing operations attributable to noncontrolling interest, net of tax | — | 2,346 | 3,757 |
| Less: net income (loss) from discontinued operations attributable to noncontrolling interest, net of tax | 2,192 | 594 | (546) |
| Net loss attributable to stockholders of Advantage Solutions Inc. | $(326,962) | $(63,322) | $(1,380,513) |
| Net loss per common share: | |||
| Basic loss per common share from continuing operations attributable to stockholders of Advantage Solutions Inc. | $(1.18) | $(0.26) | $(4.46) |
| Basic earnings per common share from discontinued operations attributable to stockholders of Advantage Solutions Inc. | $0.16 | $0.06 | $0.13 |
| Diluted net loss per share: | |||
| Diluted loss per common share from continuing operations attributable to stockholders of Advantage Solutions Inc. | $(1.18) | $(0.26) | $(4.46) |
| Diluted earnings per common share from discontinued operations attributable to stockholders of Advantage Solutions Inc. | $0.16 | $0.06 | $0.13 |
| Weighted-average number of common shares: | |||
| Basic | 321,515,982 | 323,677,515 | 318,682,548 |
| Diluted | 321,515,982 | 323,677,515 | 318,682,548 |
| Net loss attributable to stockholders of Advantage Solutions Inc. | $(326,962) | $(63,322) | $(1,380,513) |
|---|---|---|---|
| Other comprehensive income (loss), net of tax: | |||
| Foreign currency translation adjustments | (9,485) | 5,817 | (14,370) |
| Total comprehensive loss attributable to stockholders of Advantage Solutions Inc. | $(336,447) | $(57,505) | $(1,394,883) |
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