LINDBLAD EXPEDITIONS HOLDINGS, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value $135.4m $96.4m $113.4m $101.6m $187.5m $150.8m $87.2m $156.8m $183.9m $256.7m
Prepaid Expense and Other Assets, Current $20.8m $21.4m $21.3m $29.1m $17.0m $27.1m $41.8m $57.2m $62.3m $78.1m
Restricted Cash and Investments, Current $9.0m $7.1m $8.8m $7.7m $17.0m $21.9m $28.8m $30.5m $32.2m $33.0m
Short-term Investments $13.6m $0
Inventory, Net $1.7m $1.8m $1.6m $2.0m $2.2m $2.3m $2.0m
Assets, Current $171.0m $131.7m $150.2m $146.6m $229.2m $210.3m $183.3m $244.5m $278.4m $367.9m
Property, Plant and Equipment, Net $186.2m $251.0m $286.0m $357.8m $482.7m $542.4m $539.4m $526.0m $518.4m $522.1m
Goodwill $22.1m $22.1m $22.1m $22.1m $22.1m $42.0m $42.0m $42.0m $59.0m $60.6m
Intangible Assets, Net (Excluding Goodwill) $11.1m $9.6m $8.0m $6.4m $4.8m $13.2m $11.2m $9.4m $15.9m $16.6m
Operating Lease, Right-of-Use Asset $6.1m $5.1m $4.4m $4.3m
Other Assets, Noncurrent $13.1m $10.0m $7.2m $9.4m $8.1m $7.5m $5.5m $9.4m $5.1m $12.7m
Additional Financial Items
Accrued Liabilities, Current $48.9m $58.1m $76.7m
Assets $407.7m $424.3m $473.4m $548.7m $757.4m $827.5m $788.0m $831.3m $876.9m $980.0m
LIABILITIES AND EQUITY
Current liabilities:
Operating Lease, Liability, Current $1.3m $1.5m $1.6m $1.7m $1.9m $1.8m $1.2m
Accounts Payable, Current $7.6m $7.8m $9.3m $14.6m $5.3m $9.7m $16.6m $16.2m $13.9m $22.2m
Long-term Debt, Current Maturities $1.8m $1.8m $2.0m $4.5m $11.3m $26.1m $23.3m $47k $29k $3k
Operating Lease, Liability, Noncurrent $5.0m $3.9m $3.2m $3.0m
Long-term Debt, Excluding Current Maturities $164.1m $164.2m $188.1m $213.5m $471.4m $518.7m $529.5m $621.8m $625.4m $662.7m
Liabilities, Current $123.9m $144.4m $159.4m $182.9m $155.8m $289.5m $341.1m $319.2m $392.5m $461.6m
Deferred Income Tax Liabilities, Net $2.4m $2.8m $4.5m $0 $0 $2.1m $3.5m $2.2m
Other Liabilities, Noncurrent $3.3m $90k $247k $88k $1.9m $1.0m $7.0m
Deferred Tax Liabilities, Net $2.4m $2.8m $4.3m $5.5m $7.6m $2.2m $552k $2.6m $17.9m
Liabilities $288.7m $311.7m $350.9m $409.3m $631.2m $811.5m $873.6m $945.1m $1.0b $1.1b
Commitments and Contingencies $0 $0
Redeemable Noncontrolling Interest, Equity, Carrying Amount $5.2m $6.3m $6.5m $16.1m $7.5m $10.6m $27.9m $37.8m $29.4m $47.9m
Stockholders’ equity:
Preferred Stock, Value, Issued $0 $0 $0 $0 $0 $0 $0
Common Stock, Value, Issued $5k $5k $5k $5k $5k $5k $5k $5k $6k $6k
Additional Paid in Capital $43.1m $42.5m $41.5m $46.3m $48.1m $58.5m $83.8m $97.1m $109.5m $126.9m
Retained Earnings (Accumulated Deficit) $70.7m $63.8m $75.2m $81.7m ($11.6m) ($136.4m) ($266.5m) ($322.2m) ($362.9m) ($411.4m)
Accumulated Other Comprehensive Income (Loss), Net of Tax ($671k) ($4.7m) ($1.6m) ($634k) $0 $0 $288k $0
Stockholders' Equity Attributable to Parent $113.8m $106.3m $116.0m $123.2m $35.0m ($78.6m) ($182.7m) ($225.1m) ($253.1m) ($284.5m)
Liabilities and Equity $407.7m $424.3m $473.4m $548.7m $757.4m $827.5m $788.0m $831.3m $876.9m $980.0m

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.