System1, Inc.: Form 10-K for the period ended Dec 31, 2023
Filed with the SEC on Mar 15, 2024 and accepted by EDGAR at Mar 15, 2024, 16:29 ET.
Sections
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Figures reported in this filing
Standardized line items from the XBRL in this filing, for the period ended 2023-12-31. Comparative periods it repeats are left out.
| Line item | Period | Value | XBRL concept |
|---|---|---|---|
| Revenue | 12 months2023-01-01 to 2023-12-31 | $402.0m | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
| Selling, general and administrative | 12 months2023-01-01 to 2023-12-31 | $54.3m | us-gaap:SellingGeneralAndAdministrativeExpense |
| Operating income | 12 months2023-01-01 to 2023-12-31 | −$86.0m | us-gaap:OperatingIncomeLoss |
| Interest expense | 12 months2023-01-01 to 2023-12-31 | $48.7m | us-gaap:InterestExpense |
| Income tax | 12 months2023-01-01 to 2023-12-31 | −$20.4m | us-gaap:IncomeTaxExpenseBenefit |
| Net income | 12 months2023-01-01 to 2023-12-31 | −$227.2m | us-gaap:NetIncomeLoss |
| Diluted EPS | 12 months2023-01-01 to 2023-12-31 | −$2.48 | us-gaap:EarningsPerShareDiluted |
| Basic EPS | 12 months2023-01-01 to 2023-12-31 | −$2.48 | us-gaap:EarningsPerShareBasic |
| Diluted shares (weighted) | 12 months2023-01-01 to 2023-12-31 | 91,454,000 shares | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding |
| Operating cash flow | 12 months2023-01-01 to 2023-12-31 | −$24.7m | us-gaap:NetCashProvidedByUsedInOperatingActivities |
| Capital expenditure | 12 months2023-01-01 to 2023-12-31 | $2.4m | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment |
| Share repurchases | 12 months2023-01-01 to 2023-12-31 | $0 | us-gaap:PaymentsForRepurchaseOfCommonStock |
| Cash and equivalents | At period end2023-12-31 | $135.3m | us-gaap:CashAndCashEquivalentsAtCarryingValue |
| Current assets | At period end2023-12-31 | $202.0m | us-gaap:AssetsCurrent |
| Total assets | At period end2023-12-31 | $605.5m | us-gaap:Assets |
| Current liabilities | At period end2023-12-31 | $86.4m | us-gaap:LiabilitiesCurrent |
| Total liabilities | At period end2023-12-31 | $436.2m | us-gaap:Liabilities |
| Long-term debt | At period end2023-12-31 | $349.5m | us-gaap:LongTermDebt |
| Current portion of debt | At period end2023-12-31 | $20.0m | us-gaap:LongTermDebtCurrent |
| Shareholders' equity | At period end2023-12-31 | $135.3m | us-gaap:StockholdersEquity |
Source: SEC EDGAR, the filing index for accession 0001805833-24-000041. Last ingested by Listed: Oct 30, 2026, 16:08 ET. Listed shows no prices and gives no investment advice.