$SEAT Cashflow Statement | Understand Stock

$SEAT

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2025 12 months to Dec 31, 2025	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021
Cash flows from operating activities
Net income (loss)
Hoya Intermediate, LLC
Total net income (loss)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
Hoya Intermediate, LLC
Total depreciation and amortization
Amortization of leases
Amortization of deferred financing costs
Equity-based compensation
Change in fair value of warrants
Loss on asset disposals
Change in fair value of derivative asset
Deferred income tax expense (benefit)
Non-cash interest income - net
Interest expense paid-in-kind
Unrealized foreign currency loss (gain)
Adjustment of liabilities under TRA
Impairment charges
Hoya Intermediate, LLC
Total impairment charges
Write-off of Sponsorship Loan
Change in fair value of contingent consideration
Hoya Intermediate, LLC
Total change in fair value of contingent consideration
Changes in operating assets and liabilities:
Accounts receivable - net
Inventory - net
Prepaid expenses and other current assets
Hoya Intermediate, LLC
Total prepaid expenses and other current assets

Deferred tax assets - net
Accounts payable
Deferred paid-in-kind interest paid on May 2020 First Lien Loan
Accrued expenses and other current liabilities
Deferred revenue
Long-term Lease Liabilities
Other assets and liabilities - net
Net cash provided by operating activities
Cash flows from investing activities
Purchases of property and equipment
Proceeds from the sale of personal seat licenses
Purchases of personal seat licenses
Investments in developed technology
Purchases of seat images
Disbursement of Sponsorship Loan
Payments toward Acquired Domain Name Obligation
Transfer of cash consideration during 2023 Acquisitions, net of cash acquired
Investment in Note and Warrant
Net cash used in investing activities

Cash flows from financing activities
Proceeds from February 2022 First Lien Loan
Payments of Loan
February 2022 First Lien Loan
2024 First Lien Loan
2025 First Lien Loan
2017 Term Loans
2022 First Lien Loan
Proceeds of Loan
2024 First Lien Loan
2022 First Lien Loan
Payments of Shoko Chukin Bank Loan
Payments of Acquired Domain Name Obligation
Proceeds from 2024 First Lien Loan
February 2022 First Lien Loan
2024 First Lien Loan
2025 First Lien Loan
Repurchases of Class A common stock
Tax distributions to redeemable noncontrolling interests
Payments of deferred financing costs and other debt-related expenses
Distributions
Payments of taxes related to net settlement of equity incentive awards
Payment of liabilities under TRA
Mergers and exchange of Class B common stock for Class A common stock in connection with Corporate Simplification
Redemption of Redeemable Senior Preferred Units
Payments of May 2020 First Lien Loan
May 2020 First Lien Loan
Total payments of May 2020 First Lien Loan

Payments of June 2017 First Lien Loan
Payments of June 2017 Second Lien Loan
Prepayment penalty on extinguishment of debt
Payment of reverse recapitalization costs
Dividends paid to Class A Common Stock Shareholders
Proceeds from May 2020 First Lien Loan
Proceeds from Revolving Facility
Payments of Revolving Facility
Repurchase and retirement of fractional shares resulting from Reverse Stock Split value
Cash paid for milestone payments
Proceeds from PIPE Financing
Net cash provided by (used in) financing activities
Effect of exchange rate changes on cash, cash equivalents, and restricted cash

Net increase (decrease) in cash and cash equivalents and restricted cash
Cash, cash equivalents, and restricted cash - beginning of period
Cash, cash equivalents, and restricted cash - end of period
Supplemental disclosure of cash flow information:
Paid-in-kind interest added to May 2020 First Lien Loan principal
May 2020 First Lien Loan
Total paid-in-kind interest added to May 2020 First Lien Loan principal

Cash paid for interest
Betcha acquisition non-cash consideration
Cash paid for income tax
Cash paid for operating lease liabilities
Equity-based compensation expense related to capitalized development costs
Right-of-use assets obtained in exchange for operating lease liabilities
Repurchase Of Common Stock Recorded In Accounts Payable
Property and equipment acquired through tenant improvement allowance
Reclassification of Intermediate Warrants from liability instruments to equity instruments
Issuance of Class A common stock to terminate TRA
Tax Distribution to Redeemable Noncontrolling Interests Recorded in Prepaid Expenses and Other Current Assets
Domain obtained through Acquired Domain Name Obligation
Reduction of deferred tax assets under the repurchases of Class A common stock, net of tax impacts
Transfer of non-cash consideration during Vegas.com Acquisition
Establishment of liabilities under TRA
Establishment of deferred tax assets under 2023 Secondary Offerings and other equity transactions

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