Lindblad Expeditions Holdings, Inc. (LIND)

LIND Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	261.78	183.94	156.85	87.18	150.75	187.53
Short-Term Investments	-	-	-	13.59	-	-
Cash & Short-Term Investments	261.78	183.94	156.85	100.77	150.75	187.53
Cash Growth	35.02%	17.28%	55.65%	-33.16%	-19.61%	84.62%
Inventory	-	-	-	-	10.55	7.64
Prepaid Expenses	34.42	28.59	26.12	53.7	10.34	16.87
Restricted Cash	28.34	32.2	30.5	28.85	21.94	16.98
Other Current Assets	39.24	33.71	31.04	-	16.76	0.15
Total Current Assets	363.79	278.43	244.5	183.32	210.34	229.17
Property, Plant & Equipment	527.61	518.39	526	539.41	546.82	487.76
Goodwill	61.15	59.03	42.02	42.02	42.02	22.11
Other Intangible Assets	17.37	15.92	9.41	11.22	13.24	4.82
Long-Term Deferred Tax Assets	-	0.9	1.6	2.2	7.61	5.54
Other Long-Term Assets	6.63	4.23	7.76	9.81	7.47	3.84
Total Assets	976.53	876.91	831.3	787.98	827.49	757.45
Accounts Payable	20.65	13.86	16.15	16.6	9.69	5.29
Accrued Expenses	54.85	58.05	48.9	54.42	39.56	12.37
Current Portion of Long-Term Debt	0.01	0.03	0.05	23.34	26.06	11.26
Current Portion of Leases	0.82	1.85	1.92	1.66	1.55	1.48
Current Income Taxes Payable	-	-	-	-	-	0
Current Unearned Revenue	362.28	318.67	252.2	245.1	212.6	120.74
Other Current Liabilities	-	-	-	-	-	4.68
Total Current Liabilities	438.61	392.45	319.22	341.12	289.46	155.81
Long-Term Debt	663.44	625.43	621.78	529.45	518.66	471.36
Long-Term Leases	0.75	0.93	-	-	3.18	3.92
Long-Term Deferred Tax Liabilities	2.55	3.54	2.12	-	-	-
Other Long-Term Liabilities	-	0.09	1.94	3.05	0.25	0.09
Total Liabilities	1,105	1,022	945.06	873.62	811.55	631.17
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	127.97	109.47	97.14	83.85	58.49	48.13
Retained Earnings	-384.57	-362.88	-322.21	-266.53	-136.44	-11.57
Comprehensive Income & Other	-	0.29	-	-	-0.63	-1.6
Total Common Equity	-256.59	-253.11	-225.06	-182.68	-78.58	34.96
Minority Interest	45.97	29.42	37.78	27.89	10.63	7.49
Shareholders' Equity	-128.8	-145.54	-113.77	-85.65	15.94	126.28
Total Liabilities & Equity	976.53	876.91	831.3	787.98	827.49	757.45
Total Debt	665.02	628.23	623.75	554.45	549.45	488
Net Cash (Debt)	-403.24	-444.29	-466.9	-453.68	-398.7	-300.47
Net Cash Per Share	-7.37	-8.26	-8.77	-8.72	-7.96	-6.04
Filing Date Shares Outstanding	55.29	54.59	53.43	53.19	50.81	49.91
Total Common Shares Outstanding	55.29	54.38	53.33	53.11	50.76	49.82
Working Capital	-74.82	-114.02	-74.72	-157.8	-79.12	73.36
Book Value Per Share	-4.64	-4.65	-4.22	-3.44	-1.55	0.70
Tangible Book Value	-335.1	-328.07	-276.49	-235.91	-133.84	8.04
Tangible Book Value Per Share	-6.06	-6.03	-5.18	-4.44	-2.64	0.16
Land	-	0.73	-	-	-	-
Buildings	-	2.44	-	-	-	-
Machinery	-	858.78	818.68	788.71	763.92	663.97
Leasehold Improvements	-	1.43	1.42	1.43	1.43	1.43

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q