← Viking Holdings Ltd
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||
| Net income (loss) | — | — | — | — | $11.8m | $414.7m | ($1.9b) | $153.0m | $1.1b | |
| Net Income From Continuing Operations | — | — | — | — | — | $414.7m | ($1.9b) | $153.0m | $1.1b | |
| Depreciation, amortization and impairment | — | — | — | — | $5.1m | $278.1m | $253.7m | $260.8m | $284.8m | |
| Amortization of debt transaction costs | — | — | — | — | — | $34.6m | $38.4m | $31.7m | $31.7m | |
| Depreciation and amortization | $42k | $161k | $3k | $5k | $787k | $1.7m | $2.5m | $3.9m | $3.9m | |
| Depreciation Amortization Depletion | — | — | — | — | — | $278.1m | $253.7m | $260.8m | $284.8m | |
| Changes in deferred tax assets and liabilities | — | — | — | — | $1.2m | ($2.1m) | ($427k) | $9.2m | $11.9m | |
| Deferred tax liabilities | — | — | — | — | — | — | ($229k) | ($931k) | ($2.7m) | |
| Adjustments For Share-Based Payments | — | — | — | — | — | — | $17.9m | $14.1m | $88.5m | |
| Share-based compensation | $4.5m | $11.4m | $3.8m | $3.4m | $41.6m | $39.3m | $12.0m | $10.9m | $25.4m | |
| Impairment of prepaid expenses and other current assets | — | — | — | — | $4.2m | $22.9m | $23.3m | — | $392k | |
| Impairment of intangible assets | — | — | — | — | — | — | $0 | $0 | $16.9m | |
| Impairment of goodwill | $0 | $0 | $74.1m | — | $143.7m | $0 | $0 | — | — | |
| Impairment of other non-current assets | — | — | $0 | $0 | $4.2m | — | — | — | — | |
| Interest expense | — | — | — | — | — | $404.3m | $441.6m | $348.8m | $313.7m | |
| Interest expenses of convertible note in interest method | — | — | — | — | $22k | $683k | $493k | $331k | $3k | |
| Obtaining right-of-use assets in exchange for operating lease liabilities | — | — | — | — | $515k | — | $328k | — | — | |
| Loss on disposal of equipment | — | $8k | $58k | $68k | — | — | — | — | — | |
| Additional Financial Items | ||||||||||
| Adjustments For Current Tax Of Prior Period | — | — | — | — | — | — | ($3.9m) | $758k | $79k | |
| Goodwill | — | — | — | — | — | — | $8.0m | $8.0m | $8.0m | |
| Payments Of Lease Liabilities Classified As Financing Activities | — | — | — | — | — | — | $20.6m | $30.7m | $39.5m | |
| Proceeds From Borrowings Classified As Financing Activities | — | — | — | — | — | — | $1.1b | $401.0m | $2.1b | |
| Repayments Of Borrowings Classified As Financing Activities | — | — | — | — | — | — | $963.8m | $308.8m | $2.0b | |
| Private Placement derivative loss | — | — | — | — | — | ($808.5m) | $2.0b | $364.2m | $0 | |
| Foreign currency loss (gain) on debt | — | — | — | — | — | — | $11.3m | ($37.8m) | $73.2m | |
| Non-cash financial loss (gain) | — | — | — | — | — | ($10.7m) | $161.2m | $258.6m | ($2.8m) | |
| Share based compensation expense | — | — | — | — | $4.1m | $25.3m | $17.9m | $14.1m | $88.5m | |
| Interest income | — | — | — | — | — | ($14.0m) | ($48.0m) | ($69.4m) | ($84.9m) | |
| Other | — | — | — | — | — | $912k | $0 | $87k | ($867k) | |
| Increase in deferred revenue | — | — | — | — | — | ($167.8m) | $167.4m | $574.8m | $543.8m | |
| Changes in other liabilities and assets | — | — | — | — | — | $250.4m | $128.7m | $184.2m | $125.2m | |
| Increase in inventories | — | — | — | — | — | ($12.7m) | ($9.2m) | ($36.6m) | ($4.3m) | |
| Changes in other non-current assets and other non-current liabilities | — | — | — | — | — | ($27.5m) | $15.3m | $19.4m | $20.3m | |
| Capital contribution to associated company | — | — | — | — | — | $0 | ($7.0m) | ($8.5m) | ($6.5m) | |
| Prepayment for vessel charter | — | — | — | — | — | ($1.5m) | ($2.4m) | $0 | $0 | |
| Interest received | — | — | — | — | — | $14.1m | $45.6m | $71.8m | $83.6m | |
| Transaction costs incurred for long-term debt | — | — | — | — | — | — | ($51.3m) | ($46.7m) | ($66.0m) | |
| Proceeds from initial public offering, net of underwriting discounts and commissions, and offering expenses | — | — | — | — | — | $0 | $0 | $243.9m | $0 | |
| Proceeds from issuance of ordinary shares from equity plans | — | — | — | — | — | — | $0 | $12.3m | $22.3m | |
| Penalties paid for early extinguishment of debt | — | — | — | — | — | $0 | ($33.0m) | $0 | $0 | |
| Principal payments for lease liabilities | — | — | — | — | ($3.4m) | ($18.3m) | ($20.6m) | ($30.7m) | ($39.5m) | |
| Interest payments for lease liabilities | — | — | — | — | — | ($13.2m) | ($22.8m) | ($20.9m) | ($19.0m) | |
| Finance costs (note 9) | — | — | — | — | $1.1m | $544k | — | — | — | |
| Foreign exchange gain | — | — | — | — | ($3.4m) | ($6.3m) | — | — | — | |
| Accounts receivable | ($1.1m) | ($229k) | $1.0m | ($194k) | $887k | ($2.8m) | — | — | — | |
| Prepaid expenses and other | — | — | — | — | ($1.3m) | $126k | — | — | — | |
| Other assets | — | — | — | — | $0 | ($248k) | — | — | — | |
| Accounts payable and accrued liabilities | — | — | — | — | $1.6m | $1.9m | — | — | — | |
| Additions to property and equipment (note 3) | ($21k) | ($764k) | ($68k) | — | ($394k) | ($91k) | ($396k) | ($18k) | ($1.0b) | |
| Additions to intangible assets (note 4) | — | — | — | — | ($1.3m) | ($3.7m) | — | — | — | |
| Repayment of term loans principal (note 16) | — | — | — | — | ($2.5m) | ($2.3m) | — | — | — | |
| Proceeds from international loans (note 16) | — | — | — | — | $1.3m | $1.4m | — | — | — | |
| Repayment of international loans (note 16) | — | — | — | — | ($2.4m) | ($1.9m) | — | — | — | |
| Net proceeds from equity financing (note 8) | — | — | — | — | $64.0m | $0 | — | — | — | |
| Repurchase of shares for cancellation (note 8 (f)) | — | — | — | — | $0 | ($14.5m) | — | — | — | |
| Proceeds from the exercise of warrants | — | — | — | — | $62k | $0 | — | — | — | |
| Proceeds from the exercise of stock options | — | — | — | — | $1.1m | $374k | — | — | — | |
| Net loss | ($28.7m) | ($89.5m) | ($110k) | ($166k) | ($195.9m) | ($84.6m) | ($53.6m) | ($41.0m) | ($53.9m) | |
| Fair value change of warrants | — | — | — | — | ($2.0m) | ($316k) | $208k | ($210k) | ($22k) | |
| Foreign currency exchange gain | — | — | — | ($86k) | $432k | ($139k) | ($10k) | — | ($5k) | |
| Provision for dealership settlement | — | — | — | — | $11.1m | $15.1m | — | $571k | — | |
| Provision for sales incentive | — | — | — | — | — | $1.6m | $2.7m | $988k | — | |
| Loss (gain) on disposal of subsidiaries | — | — | — | — | — | ($1.6m) | ($64k) | $23.0m | $7.8m | |
| Financial expenses | — | — | — | — | — | $1.1m | $32k | — | — | |
| Inventories | ($67.2m) | $30.1m | $44k | $2.0m | ($404k) | $373k | ($35k) | $35k | ($35k) | |
| Prepayment for vehicle purchase and other current assets | ($20.0m) | ($23.0m) | $1.2m | ($437k) | ($6.1m) | $355k | $1.7m | $25k | $8k | |
| Amount due from related parties | — | — | $56k | ($509k) | $326k | — | ($1.5m) | — | — | |
| Other non-current assets | — | — | ($98k) | ($1.6m) | — | — | ($6k) | — | — | |
| Accounts payable | ($13.6m) | ($2.4m) | ($847k) | ($3.0m) | ($111k) | ($38k) | $106k | ($93k) | — | |
| Advances from customers | $6.4m | ($2.3m) | ($369k) | $326k | ($318k) | ($390k) | — | $78k | ($2k) | |
| Accrued expenses and other current liabilities | $4.1m | $395k | ($22k) | $1k | $1.3m | $2.0m | $2.8m | $865k | ($250k) | |
| Short-term lease liabilities | — | — | — | — | ($31k) | ($98k) | ($28k) | ($132k) | ($137k) | |
| Amount due to related parties | — | — | ($552k) | ($269k) | $25k | — | ($1.2m) | ($13k) | ($56k) | |
| Income tax payable | $1.7m | $796k | ($33k) | ($1.3m) | ($684k) | ($398k) | ($30k) | ($401k) | ($68k) | |
| Cash disposed on disposal of subsidiaries | — | — | — | — | — | ($97k) | ($2.7m) | ($24k) | — | |
| Cash acquired on acquisition of a subsidiary | — | — | — | — | $4.3m | — | $2k | — | — | |
| Proceeds from issuance of ordinary shares and warrant | — | — | — | — | — | $4.7m | $1.1m | $3.7m | — | |
| Borrowings from related parties | $35.6m | $159.9m | $115.0m | $2.1m | — | — | — | $286k | — | |
| Repayment of borrowings to related parties | ($75.2m) | ($143.4m) | ($4.6m) | — | — | — | — | — | ($60k) | |
| Capital contribution | — | — | $3.9m | $8.1m | — | $665k | — | $499k | — | |
| Issuance of Class A Ordinary Shares to settle Series F preferred shares | — | — | — | — | — | — | $3.4m | $246k | — | |
| Issuance of shares to settle payables for sales incentive | — | — | — | — | — | — | $3.9m | $988k | — | |
| Issuance of Class A Ordinary Shares for conversion of convertible notes | — | — | — | — | — | — | $2.0m | $2.1m | $638k | |
| Issuance of Class A Ordinary Shares for acquisition of a subsidiary | — | — | — | — | — | — | $49.1m | — | $28.8m | |
| Proceeds from convertible note | — | — | $21.0m | — | $2.0m | $2.0m | — | — | — | |
| Cash paid for offering cost | — | — | — | — | — | ($2.0m) | ($1.6m) | ($1.6m) | — | |
| Purchase of intangible assets | — | — | — | ($290k) | ($32k) | — | — | — | — | |
| Foreign currency exchange loss (gain) | — | — | $32k | ($86k) | $432k | — | — | — | — | |
| Reduction in the carrying amount of the right-of-use assets | — | — | $1.5m | $566k | — | — | — | — | — | |
| Allowances for doubtful accounts | — | — | $214k | $336k | — | — | — | — | — | |
| Allowances for financing receivable losses | $12.7m | $11.1m | $2.2m | — | — | — | — | — | — | |
| Fair value change in contingent consideration | $2.6m | $30.5m | ($65.6m) | — | — | — | — | — | — | |
| Financing receivable | ($321k) | $2k | — | — | — | — | — | — | — | |
| Right-of-use lease assets | — | — | ($3.8m) | $1.6m | — | — | — | — | — | |
| Amounts due from/to related parties | $2.0m | $4.9m | — | $819k | — | — | — | — | — | |
| Lease liabilities - current | — | — | $1.8m | ($1.7m) | — | — | — | — | — | |
| Lease liabilities - noncurrent | — | — | $821k | ($784k) | — | — | — | — | — | |
| Payable to investors | ($4.0m) | ($4.7m) | — | — | — | — | — | — | — | |
| Proceeds from principal repayments of financing receivable | $925.7m | $109.7m | $1.3m | — | — | — | — | — | — | |
| Payments to provide financing receivable | ($748.5m) | ($5k) | — | — | — | — | — | — | — | |
| Proceeds from investors | $1.6b | $57.8m | — | $1.0m | — | — | — | — | — | |
| Payment to investors | ($1.7b) | ($187.9m) | — | — | — | — | — | — | — | |
| Repayment of borrowings | ($14.1m) | ($107.5m) | ($51.2m) | ($3.2m) | — | — | — | — | — | |
| Proceeds from borrowings | $92.5m | $71.6m | $18.2m | $1.0m | — | — | — | — | — | |
| Contingent consideration | $62.5m | $14.1m | — | — | — | — | — | — | — | |
| Acquisition of non-controlling interest | $29.7m | $3.5m | $1.5m | — | — | — | — | — | — | |
| Acquisition of business settled by forgiveness of financing receivable | $21.2m | $1.4m | — | — | — | — | — | — | — | |
| Liabilities waived by Renren Inc. | — | — | $76.0m | ($4.2m) | — | — | — | — | — | |
| Beginning Cash Position | — | — | — | — | — | $1.8b | $1.3b | $1.5b | $2.5b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | ($80.9m) | ($479.7m) | ($247.9m) | ($306.0m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | ($841.5m) | ($634.2m) | ($853.7m) | ($949.5m) | |
| Change In Inventory | — | — | — | — | — | ($12.7m) | ($9.2m) | ($36.6m) | ($4.3m) | |
| Change In Other Working Capital | — | — | — | — | — | $52.6m | $308.6m | $799.7m | $701.2m | |
| Change In Working Capital | — | — | — | — | — | $39.9m | $299.3m | $763.1m | $696.9m | |
| Changes In Cash | — | — | — | — | — | ($549.8m) | $257.5m | $980.4m | $1.3b | |
| End Cash Position | — | — | — | — | — | $1.3b | $1.5b | $2.5b | $3.8b | |
| Financing Cash Flow | — | — | — | — | — | ($80.9m) | ($479.7m) | ($247.9m) | ($306.0m) | |
| Free Cash Flow | — | — | — | — | — | ($583.7m) | $695.0m | $1.2b | $1.5b | |
| Gain Loss On Investment Securities | — | — | — | — | $696.1m | ($809.3m) | $2.0b | $364.2m | — | |
| Gain Loss On Sale Of PPE | — | — | — | — | ($75.6m) | $0 | $0 | — | — | |
| Interest Received CFI | — | — | — | — | — | $14.1m | $45.6m | $71.8m | $83.6m | |
| Investing Cash Flow | — | — | — | — | — | ($841.5m) | ($634.2m) | ($853.7m) | ($949.5m) | |
| Issuance Of Capital Stock | — | — | — | — | — | $0 | $0 | $243.9m | $0 | |
| Net Business Purchase And Sale | — | — | — | — | — | $0 | ($7.0m) | ($8.5m) | ($6.5m) | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | $19.3m | $11.3m | ($37.8m) | $73.2m | |
| Net PPE Purchase And Sale | — | — | — | — | — | ($956.4m) | ($676.3m) | ($917.4m) | ($1.0b) | |
| Net Preferred Stock Issuance | — | — | — | — | $699.0m | $0 | $0 | — | — | |
| Operating Gains Losses | — | — | — | — | — | ($790.0m) | $2.1b | $326.4m | $90.4m | |
| Other Non Cash Items | — | — | — | — | — | $414.2m | $589.6m | $569.3m | $257.8m | |
| Preferred Stock Issuance | — | — | — | — | $699.0m | $0 | $0 | — | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | $0 | $0 | $12.3m | $22.3m | |
| Purchase Of Business | — | — | — | — | — | $0 | ($7.0m) | ($8.5m) | ($6.5m) | |
| Purchase Of PPE | — | — | — | — | — | ($956.4m) | ($676.3m) | ($917.4m) | ($1.0b) | |
| Repurchase Of Capital Stock | — | — | — | — | ($200.0m) | $0 | $0 | — | — | |
| Sale Of PPE | — | — | — | — | $400.0m | $0 | $0 | — | — | |
| Stock Based Compensation | — | — | — | — | — | $25.3m | $17.9m | $14.1m | $88.5m | |
| Profit or Loss | — | — | — | — | — | — | ($1.9b) | $153.0m | $1.1b | |
| Cash flows from investing activities | ||||||||||
| Investments in property, plant and equipment and intangible assets | — | — | $503k | — | $8k | ($954.9m) | ($673.9m) | ($917.4m) | ($1.0b) | |
| Acquisition of business, net of cash acquired | ($12.1m) | ($9.9m) | — | — | — | — | — | — | — | |
| Net Investment Purchase And Sale | — | — | — | — | ($100.0m) | $100.0m | $0 | $0 | — | |
| Purchase Of Investment | — | — | — | — | ($100.0m) | $0 | $0 | — | — | |
| Sale Of Investment | — | — | — | — | $0 | $100.0m | $0 | $0 | — | |
| Net Other Investing Changes | — | — | — | — | ($18.0m) | — | $3.5m | $443k | $245k | |
| Net cash flow used in investing activities | — | — | — | — | ($1.7m) | ($841.5m) | ($634.2m) | ($853.7m) | ($949.5m) | |
| Net cash (used in) provided by investing activities | $162.4m | $99.0m | $1.2m | ($290k) | $4.3m | ($156k) | ($3.1m) | — | — | |
| Cash flows from financing activities: | ||||||||||
| Proceeds from long-term debt | — | — | — | — | — | $670.3m | $1.1b | $401.0m | $2.1b | |
| Issuance Of Debt | — | — | — | — | — | $670.3m | $1.1b | $401.0m | $2.1b | |
| Long Term Debt Issuance | — | — | — | — | — | $670.3m | $1.1b | $401.0m | $2.1b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | $424.3m | $84.7m | $61.5m | $71.9m | |
| Net Long Term Debt Issuance | — | — | — | — | — | $424.3m | $84.7m | $61.5m | $71.9m | |
| Loss on prepayment and modifications of debt | — | — | — | — | — | — | $48.1m | $0 | $17.2m | |
| Repayment of long-term debt | — | — | — | — | — | ($227.7m) | ($963.8m) | ($308.8m) | ($2.0b) | |
| Long Term Debt Payments | — | — | — | — | — | ($246.0m) | ($984.3m) | ($339.5m) | ($2.1b) | |
| Repayment Of Debt | — | — | — | — | — | ($246.0m) | ($984.3m) | ($339.5m) | ($2.1b) | |
| Common Stock Issuance | — | — | — | — | — | $0 | $0 | $243.9m | $0 | |
| Net Common Stock Issuance | — | — | — | — | — | $0 | $0 | $243.9m | $0 | |
| Common Stock Payments | — | — | — | — | ($200.0m) | $0 | $0 | — | — | |
| Capital injection by noncontrolling shareholders | $13.5m | $10.9m | — | — | — | — | — | — | — | |
| Dividends paid | — | — | — | — | — | — | $50 | $19 | — | |
| Dividends Paid Classified As Financing Activities | — | — | — | — | — | — | $49.6m | $18.9m | $0 | |
| Dividends Paid Ordinary Shares Per Share | — | — | — | — | — | — | $0.22 | $0.08 | — | |
| Dividend distribution | — | — | — | — | — | ($46.5m) | ($49.6m) | ($18.9m) | $0 | |
| Cash Dividends Paid | — | — | — | — | — | ($46.5m) | ($49.3m) | ($18.2m) | $0 | |
| Dividends Received CFI | — | — | — | — | $0 | $763k | $3.5m | $443k | — | |
| Net Other Financing Charges | — | — | — | — | — | ($42.6m) | ($84.6m) | ($171.5m) | ($66.9m) | |
| Net cash flow used in financing activities | — | — | — | — | $58.1m | ($80.9m) | ($479.7m) | ($247.9m) | ($306.0m) | |
| Net cash (used in) provided by financing activities | ($59.7m) | ($138.6m) | ($318k) | $2.1m | $2.0m | — | — | — | — | |
| Increase (decrease) in cash and cash equivalents before effect of exchange rate changes, Total | — | — | — | — | $76.2m | ($549.8m) | $257.5m | $980.4m | $1.3b | |
| Effect of exchange rate changes on cash and cash equivalents | — | — | $144k | ($104k) | $3.4m | ($9.9m) | $3.1m | ($4.4m) | $9.4m | |
| Effect of exchange rate changes | $469k | ($1.3m) | ($728k) | ($67k) | — | ($9.9m) | $3.1m | ($4.4m) | $9.4m | |
| Net increase (decrease) in cash and cash equivalents | — | — | — | — | — | ($559.6m) | $260.6m | $976.0m | $1.3b | |
| Cash and cash equivalents at January 1 | — | — | — | $22.6m | $1.8b | $1.3b | $1.5b | $2.5b | $3.8b | |
| Net changes in cash and cash equivalents | $29.0m | ($49.4m) | ($14k) | $603k | $4.7m | $1.8m | ($5.0m) | $303k | ($1.5m) | |
| Cash and cash equivalents at beginning of year | $35.0m | $64.4m | $18k | $4k | $607k | $5.3m | $7.1m | $2.1m | $2.4m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | ($549.8m) | $257.5m | $980.4m | $1.3b | |
| Interest Paid Classified As Financing Activities | $7.7m | $7.4m | $1.7m | $839k | ($918k) | ($403.0m) | $407.8m | $355.1m | $314.2m | |
| Income taxes paid | $177k | $1k | $254k | $8k | ($323k) | $0 | $0 | ($124.1m) | $0 |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.