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Advantage Solutions Inc. ADV Cumulative Gross Losses and Impairments

Discontinued — last reported Q2 '24

Cumulative Gross Losses and Impairments at other companies

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Compass Diversified HoldingsCODI
$175.83M-57.7%

Other financials

Income statement

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Revenue$889.5M+1.8%
Gross profit$105.6M-16.7%
Operating income$1.7M-83.1%
Net income-$62.7M-106%
EPS (diluted)-$4.85-106%

Balance sheet

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Cash & equivalents$102.3M-0.5%
Total debt$1.5B-8.1%
Total equity$748.7M-32.3%
Total assets$2.5B-16.1%

Cash flow

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Operating cash flow$23.7M+160%
CapEx$9.4M+346%
Free cash flow-$16.0M-56.2%

Valuation

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Market cap$361.2M-37.6%
Enterprise value$1.8B-16.7%
P/S0.1×-0.1×

Profitability

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Gross margin15%-3.5pp
Operating margin-2%-1.0pp
Net margin-41.5%-43.2pp
FCF margin3.2%+3.2pp

Returns & leverage

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Return on equity-83.6%-86.4pp
Debt / equity2.3×+0.6×
Current ratio1.8×-0.2×

Where this comes from

Reported directly by Advantage Solutions Inc. in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairedAccumulatedImpairmentLoss.

The source filing: Advantage Solutions Inc.’s 10-Q, filed August 9, 2024.

Filed
Aug 9, 2024
Fiscal quarter
Q2 FY2024
Calendar quarter
Q2 2024
Accession
0000950170-24-094741

Accumulated impairment losses related to goodwill were $2.1 billion and $2.0 billion as of June 30, 2024 and December 31, 2023, respectively.

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Advantage Solutions Inc.'s cumulative gross losses and impairments?
Advantage Solutions Inc. (ADV) reported cumulative gross losses and impairments of $2.1B in Q2 2024.
How has Advantage Solutions Inc.'s cumulative gross losses and impairments changed year-over-year?
Advantage Solutions Inc.'s cumulative gross losses and impairments increased by 4.0% year-over-year, from $2.02B to $2.1B.
What does cumulative gross losses and impairments mean?
This metric aggregates all unrealized losses and recognized impairment charges on investment securities that have not yet been realized through a sale. It provides a comprehensive view of the negative valuation adjustments impacting the bank's equity. It is a key indicator of the credit and market risk embedded in the bank's long-term holdings.

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