EEX · As filed with the SEC
Emerald Holding cash flow statement, by fiscal year
The statement as Emerald Holding presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Cash Flows · USD
| USD | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 |
|---|---|---|---|---|
| Operating activities | ||||
| Net (loss) income | (30,700,000) | 2,200,000 | (8,200,000) | 130,800,000 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||||
| Stock-based compensation | 11,300,000 | 5,800,000 | 7,800,000 | 5,800,000 |
| Allowance for credit losses | 2,800,000 | 500,000 | 300,000 | 400,000 |
| Depreciation and amortization | 31,000,000 | 28,300,000 | 45,000,000 | 59,500,000 |
| Goodwill impairments | — | 0 | 0 | 6,300,000 |
| Intangible asset impairments | 0 | 7,300,000 | 0 | 1,600,000 |
| Loss on disposal of fixed assets | — | — | 200,000 | — |
| Loss on disposal of fixed assets and lease abandonment | 0 | — | — | — |
| Non-cash operating lease expense | 2,800,000 | 2,400,000 | 2,600,000 | 3,400,000 |
| Amortization of deferred financing fees and debt discount | 1,400,000 | 4,300,000 | 3,000,000 | 1,700,000 |
| Loss on lease abandonment | — | 100,000 | 900,000 | 3,000,000 |
| Loss on extinguishment of debt | 0 | 0 | 2,300,000 | — |
| Deferred income taxes | 4,100,000 | 1,800,000 | 1,300,000 | 300,000 |
| Remeasurement of contingent consideration | 45,800,000 | (1,200,000) | (2,300,000) | (33,300,000) |
| Changes in operating assets and liabilities, net of effect of businesses acquired: | ||||
| Trade and other receivables | 5,700,000 | 4,500,000 | (8,600,000) | (24,900,000) |
| Insurance receivables | 0 | (500,000) | — | — |
| Prepaid expenses | — | — | — | (4,800,000) |
| Prepaid expenses and other current assets | 5,800,000 | (4,200,000) | (1,900,000) | — |
| Other noncurrent assets | — | (600,000) | (400,000) | (100,000) |
| Accounts payable and other current liabilities | (2,400,000) | (7,900,000) | (11,000,000) | 6,200,000 |
| Canceled event liabilities | — | — | — | (6,500,000) |
| Cancelled event liabilities | (200,000) | 600,000 | (2,700,000) | — |
| Contingent consideration | (200,000) | (200,000) | — | (2,100,000) |
| Income tax payable | (400,000) | (2,500,000) | (2,700,000) | 1,400,000 |
| Deferred revenues | (30,100,000) | 8,700,000 | 19,500,000 | 29,900,000 |
| Operating lease liabilities | (4,100,000) | (3,300,000) | (4,100,000) | (4,700,000) |
| Other noncurrent liabilities | — | 700,000 | (700,000) | 1,200,000 |
| Net cash provided by operating activities | 42,600,000 | 46,800,000 | 40,300,000 | 175,100,000 |
| Investing activities | ||||
| Acquisition of businesses, net of cash acquired | (194,900,000) | (16,200,000) | (9,500,000) | (37,600,000) |
| Working capital adjustment receivable from seller | 0 | 1,000,000 | — | — |
| Purchase of marketable securities | — | 0 | 0 | (50,000,000) |
| Proceeds from maturity of marketable securities | — | — | — | 50,000,000 |
| Purchases of property and equipment | (1,200,000) | (1,300,000) | (600,000) | (1,800,000) |
| Purchases of intangible assets | (7,100,000) | (8,500,000) | (10,900,000) | (8,500,000) |
| Net cash used in investing activities | (203,200,000) | (25,000,000) | (21,000,000) | (47,900,000) |
| Financing activities | ||||
| Payment of contingent consideration for acquisition of businesses | (3,200,000) | — | (3,700,000) | (4,400,000) |
| Proceeds from Term Loan Facility | — | — | 239,400,000 | — |
| Second Amended and Restated Term Loan Facility | 275,400,000 | — | — | — |
| Previous Extended Term Loan Facility | 0 | — | — | — |
| Repayment of principal on Extended Term Loan Facility | — | (4,200,000) | (2,100,000) | — |
| Repayment of principal on Previous Extended Term Loan Facility | (169,500,000) | — | — | — |
| Repayment of principal on Amended and Restated Term Loan Facility | — | — | (239,400,000) | (104,200,000) |
| Second Amended and Restated Term Loan Facility | (2,600,000) | — | — | — |
| Amended and Restated Term Loan Facility | 0 | — | — | — |
| Original issuance discount | (2,000,000) | — | (12,500,000) | — |
| Second Amended and Restated Term Loan Facility | (1,300,000) | — | — | — |
| Fees paid for debt issuance | (2,100,000) | — | (2,000,000) | (400,000) |
| Cash dividends paid | — | — | — | 0 |
| Repurchase of common stock | (17,500,000) | (13,800,000) | (16,900,000) | (10,400,000) |
| Dividends on common stock | (11,900,000) | (6,100,000) | — | — |
| Preferred stock cash dividend | 0 | (8,600,000) | (17,200,000) | — |
| Proceeds from issuance of common stock under equity plans | 500,000 | 1,500,000 | 200,000 | 100,000 |
| Net cash provided by (used in) financing activities | 67,100,000 | (31,200,000) | (54,200,000) | (119,300,000) |
| Effect of foreign exchange rates on cash and cash equivalents | (400,000) | — | — | — |
| Net decrease in cash and cash equivalents | (93,900,000) | (9,400,000) | (34,900,000) | 7,900,000 |
| Cash and cash equivalents | ||||
| Beginning of year | 194,800,000 | 204,200,000 | 239,100,000 | 231,200,000 |
| End of year | 100,900,000 | 194,800,000 | 204,200,000 | 239,100,000 |
| Supplemental disclosures of cash flow information | ||||
| Cash paid for income taxes | 5,000,000 | 4,600,000 | 6,900,000 | 25,600,000 |
| Cash paid for interest | 40,900,000 | 43,800,000 | 38,100,000 | 22,500,000 |
| Supplemental schedule of non-cash investing and financing activities | ||||
| Contingent consideration related to acquisitions | 45,800,000 | 1,200,000 | — | — |
| 2025 Acquisitions | 21,600,000 | — | — | — |
| 2024 Acquisition | 0 | 5,200,000 | — | — |
| 2023 Acquisitions | 0 | 0 | 700,000 | — |
| 2022 Acquisitions | — | 0 | — | 6,900,000 |
| 2021 Acquisitions | — | — | — | 8,900,000 |
| Unpaid capital expenditures | 400,000 | 300,000 | — | — |
| Conversion of redeemable convertible preferred stock to common stock | 0 | 501,200,000 | — | — |
| Second Amended and Restated Term Loan Facility | 239,600,000 | — | — | — |
| Extended Term Loan Facility | — | 0 | 175,900,000 | — |
| Previous Extended Term Loan Facility | (239,600,000) | — | — | — |
| Amended and Restated Term Loan Facility | 0 | 0 | (175,900,000) | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.