VIAD Corp Files Q3 2024 10-Q

TL;DR

VIAD Q3 10-Q is in: check out their assets & debt for the latest numbers.

AI Summary

VIAD Corp filed its 10-Q for the period ending September 30, 2024. The company's financial statements indicate assets including Property, Plant and Equipment Net, and liabilities such as Long-Term Debt and Capital Lease Obligations. Specific financial figures and operational details for the third quarter of 2024 are presented within the filing.

Why It Matters

This filing provides investors and analysts with the latest financial performance and position of VIAD Corp, crucial for understanding its current business health and future prospects.

Risk Assessment

Risk Level: medium — The filing contains standard financial disclosures for a public company, but the absence of specific performance metrics or significant events necessitates a medium risk assessment.

Key Numbers

• N/A — Revenue (Specific revenue figures for Q3 2024 are not detailed in the provided header information.)
• N/A — Net Income (Specific net income figures for Q3 2024 are not detailed in the provided header information.)
• N/A — Total Assets (While asset categories like 'PropertyPlantAndEquipmentNet' are mentioned, specific total asset values are not in the header.)
• N/A — Total Liabilities (While liability categories like 'LongTermDebtAndCapitalLeaseObligations' are mentioned, specific total liability values are not in the header.)
• N/A — Cash and Cash Equivalents (Mentioned via FASB link, but specific dollar amount not provided in header.)

Key Players & Entities

• VIAD CORP (company) — Filer of the 10-Q
• 20240930 (date) — End of the reporting period
• 7000 E. 1ST AVENUE (address) — Company's business and mailing address
• SCOTTSDALE, AZ (location) — City and State of company headquarters
• 001-11015 (other) — SEC File Number

FAQ

Key Financial Figures

• $1.50 — nge on which registered Common Stock, $1.50 Par Value VVI New York Stock Exchan

Filing Documents

• vvi-20240930.htm (10-Q) — 4426KB
• vvi-ex31_1.htm (EX-31.1) — 10KB
• vvi-ex31_2.htm (EX-31.2) — 11KB
• vvi-ex32_1.htm (EX-32.1) — 12KB
• img215952074_0.jpg (GRAPHIC) — 11KB
• 0000950170-24-123522.txt ( ) — 18951KB
• vvi-20240930.xsd (EX-101.SCH) — 2369KB
• vvi-20240930_htm.xml (XML) — 4297KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements 1 Condensed Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023 1 Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2024 and 2023 2 Condensed Consolidated Statements of Comprehensive Income for the Three and Nine Months Ended September 30, 2024 and 2023 3 Condensed Consolidated Statements of Stockholders' Equity and Mezzanine Equity for the Three Months Ended March 31, June 30, and September 30, 2024 and 2023 4 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 6 Notes to Condensed Consolidated Financial Statements 7 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 30 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 39 Item 4.

Controls and Procedures

Controls and Procedures 40

- OTHER INFORMATION

PART II - OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 41 Item 1A.

Risk Factors

Risk Factors 41 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 42 Item 5. Other Information 42 Item 6. Exhibits 43

SIGNATURES

SIGNATURES 44 In this report, for periods presented, "we," "us," "our," "the Company," and "Viad Corp" refer to Viad Corp and its subsidiaries.

- FINANCI AL INFORMATION

PART I - FINANCI AL INFORMATION

Financi al Statements

Item 1. Financi al Statements VIAD CORP CONDENSED CONSOLIDA TED BALANCE SHEETS (Unaudited) September 30, December 31, (in thousands, except share data) 2024 2023 Assets Current assets Cash and cash equivalents $ 64,552 $ 52,704 Accounts receivable, net of allowances of $ 3,661 and $ 2,901 , respectively 168,635 128,019 Inventories 11,246 10,153 Current contract costs 28,909 20,202 Prepaid insurance 6,303 2,925 Other current assets 29,944 21,774 Total current assets 309,589 235,777 Property and equipment, net 588,864 592,891 Other investments and assets 20,352 17,047 Operating lease right-of-use assets 100,404 109,774 Deferred income taxes 2,304 1,930 Goodwill 121,905 123,906 Other intangible assets, net 52,410 55,997 Total Assets $ 1,195,828 $ 1,137,322 Liabilities, Mezzanine Equity, and Stockholders' Equity Current liabilities Accounts payable $ 120,355 $ 77,405 Contract liabilities 67,721 52,980 Accrued compensation 40,249 31,309 Operating lease obligations 17,807 17,334 Other current liabilities 53,213 42,397 Current portion of debt and finance obligations 8,314 8,371 Total current liabilities 307,659 229,796 Long-term debt and finance obligations 381,887 444,304 Pension and postretirement benefits 15,859 16,457 Long-term operating lease obligations 96,502 106,109 Other deferred items and liabilities 67,265 70,711 Total liabilities 869,172 867,377 Commitments and contingencies Convertible Series A Preferred Stock, $ 0.01 par value, 180,000 shares authorized, 135,000 shares issued and outstanding 132,591 132,591 Redeemable noncontrolling interest 4,382 4,733 Stockholders' equity Viad Corp stockholders' equity: Common stock, $ 1.50 par value, 200,000,000 shares authorized, 24,934,981 shares issued and outstanding 37,402 37,402 Additional capital 5

View Full Filing

View this 10-Q filing on SEC EDGAR