7Baggers
Quarterly
Annual
    Unit: USD2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-09-30 
      
    		                                    
      cash flows from operating activities
    		                                    
      net income
    		8,461,000 -23,702,000 778,000 -31,957,000 -5,497,000 -28,558,000 -42,148,000 -26,274,000 -23,299,000 -35,732,000 -33,863,000 -30,211,000 -27,535,000 -39,923,000 -2,471,000 92,000 2,726,000 851,000 15,079,000 -4,553,000 5,345,000 -157,000 10,917,000 -15,020,000 9,443,000 -2,577,000 625,000 -8,361,000 7,447,000 -4,494,000 10,467,000 -442,041 22,367,897 -773,573 -1,410,283 -239,365 
      adjustments to reconcile net income to net cash from operating activities:
    		                                    
      depreciation and amortization
    		10,521,000 11,331,000 11,808,000 10,849,000 10,839,000 11,176,000 11,178,000 13,740,000 9,323,000 8,213,000 8,249,000 8,356,000 8,485,000 8,553,000 6,690,000 7,166,000 6,233,000 6,182,000 6,188,000 5,706,000 5,024,000 4,993,000 5,045,000 5,339,000 4,354,000 3,895,000 3,763,000 3,897,000 5,080,000 4,869,000 4,574,000 3,309,281     
      amortization of deferred financing costs and other
    		935,000 828,000 681,000 681,000 675,000 612,000 701,000 839,000 839,000 838,000 687,000 597,000 577,000 486,000 486,000 483,000 481,000 477,000 434,000 432,000 432,000 437,000 608,000              
      amortization of right-to-use lease assets
    		363,000 358,000 353,000   -11,000 -9,000 17,000 2,000 5,000 -3,000 -100,000 48,000 50,000 51,000                      
      stock-based compensation
    		2,953,000 3,390,000 2,902,000 1,709,000 1,632,000 1,823,000 1,828,000 1,417,000 1,406,000 1,129,000 1,611,000 477,000 310,000 703,000 898,000 902,000 917,000 1,001,000 753,000 1,149,000 1,271,000 1,119,000 866,000 1,163,000 3,057,000   1,429,000 1,360,000 1,287,000 1,335,000 1,271,831     
      deferred income taxes
    		-260,000 -32,000 1,533,000 4,722,000 1,887,000 -979,000 -149,000 1,815,000 2,510,000 -2,357,000 -2,801,000 -2,102,000 -2,893,000 -2,989,000 -1,828,000 -2,691,000 8,283,000 -241,000 -3,865,000 -2,310,000 2,501,000 -195,000 347,000 10,353,000 819,000 -763,000 -2,073,000 383,000 -590,000 -1,087,000 -2,032,000 -3,798,001     
      change in fair value of contingent acquisition consideration
    		   -266,000 55,000 0 56,000                              
      (gain) loss on foreign currency
    		454,000         -199,000 -70,000       -501,000 -656,000                  
      write-off of unamortized issuance costs related to debt refinancing
    		0   0 0 0 9,004,000             0 0 0 359,000              
      changes in operating assets and liabilities
    		                                    
      marine operating supplies and inventories
    		-571,000 2,057,000 825,000 -178,000 481,000 -2,158,000 482,000 -2,537,000 444,000 -437,000 -382,000 96,000 846,000 -18,000 -239,000 -937,000 -588,000 187,000 -219,000 -99,000 208,000 361,000 -400,000              
      prepaid expenses and other current assets
    		7,678,000 -8,299,000 -2,323,000 1,253,000 -187,000 -14,498,000 -4,890,000 46,000 741,000 -7,563,000 -2,080,000 6,205,000 978,000 3,003,000 2,339,000 -5,470,000 7,253,000 -3,334,000 -6,699,000 1,090,000 5,242,000 -5,294,000 -1,754,000 1,662,000 3,587,000 -3,316,000 -1,358,000 -469,000 2,445,000 -407,000 -940,000 -2,191,353 1,078,053 29,550 -16,250  
      unearned passenger revenues
    		-22,357,000 23,292,000 4,532,000 -1,904,000 -23,980,000 28,824,000 29,563,000 21,024,000 -13,825,000 55,309,000 21,438,000 274,000 -325,000 -22,807,000 4,770,000 14,220,000 -20,484,000 15,584,000 6,016,000 10,685,000 -9,466,000 10,854,000 -939,000 12,647,000 -17,408,000 21,209,000 4,261,000 8,865,000 -7,696,000 5,402,000 -6,326,000 3,184,565     
      other long-term assets
    		-119,000 -5,000 -1,041,000 -686,000 -189,000 3,692,000 -261,000 -1,342,000 -204,000 187,000 675,000 -104,000 421,000 -344,000 621,000 2,490,000 -6,794,000 527,000 -1,294,000 1,283,000 -861,000 -1,130,000 10,000 -56,000 75,000 88,000 29,000 -483,000         
      other long-term liabilities
    		 -2,000 -1,000 0 -1,000 0 845,000 1,283,000 1,521,000 1,538,000 1,798,000 5,793,000 -4,219,000 3,681,000 -4,411,000 -1,766,000 3,824,000 -119,000 825,000 -151,000 7,000 7,000 8,000 -11,000 0   -18,000 7,000 7,000 8,000 38,283     
      accounts payable and accrued expenses
    		8,123,000 5,083,000 -17,478,000 13,004,000 -4,445,000 12,879,000 -908,000 847,000 18,790,000 7,827,000 -2,179,000 -8,348,000 -10,682,000 -6,468,000 4,356,000 7,051,000 -626,000 525,000 -2,112,000 2,396,000 4,210,000 1,270,000 -5,727,000 6,721,000 2,329,000 -1,432,000 -7,861,000 10,394,000 1,398,000 102,000 -9,930,000 7,929,919 -1,974,726 364,611 894,196 -1,748 
      operating lease liabilities
    		-375,000 -365,000 -359,000 0                                 
      net cash from operating activities
    		15,809,000 17,446,000 2,058,000 -2,972,000 -17,871,000 13,478,000 5,162,000 10,975,000 -318,000 28,758,000 -6,920,000 -20,518,000 -34,977,000 -52,194,000 15,432,000 21,033,000 4,322,000 21,886,000 15,342,000 17,099,000 14,478,000 14,262,000 10,518,000 23,472,000 6,244,000 20,465,000 2,737,000 15,742,000 8,841,000 7,857,000 -1,013,000 10,034,948 31,442,271 -334,412 -840,807 -189,168 
      capex
    		-8,005,000 -8,293,000 -6,425,000 -8,639,000 -6,016,000 -16,028,000 -7,522,000 -7,574,000 -63,875,000 -21,439,000 -3,800,000 -2,688,000 -760,000 -35,299,000 -116,732,000 -19,282,000 -34,409,000 -7,167,000 -35,144,000 -8,835,000 -14,008,000 -17,000,000 -14,502,000 -36,396,000 -5,384,000 -15,861,000 -22,844,000 -25,335,000 0 -26,024,000 -6,872,000 -6,657,179 0 0 0 0 
      free cash flows
    		7,804,000 9,153,000 -4,367,000 -11,611,000 -23,887,000 -2,550,000 -2,360,000 3,401,000 -64,193,000 7,319,000 -10,720,000 -23,206,000 -35,737,000 -87,493,000 -101,300,000 1,751,000 -30,087,000 14,719,000 -19,802,000 8,264,000 470,000 -2,738,000 -3,984,000 -12,924,000 860,000 4,604,000 -20,107,000 -9,593,000 8,841,000 -18,167,000 -7,885,000 3,377,769 31,442,271 -334,412 -840,807 -189,168 
      cash flows from investing activities
    		                                    
      purchases of property and equipment
    		-8,005,000 -8,293,000 -6,425,000 -8,639,000 -6,016,000 -16,028,000 -7,522,000 -7,574,000 -63,875,000 -21,439,000 -3,800,000 -2,688,000 -760,000 -35,299,000 -116,732,000 -19,282,000 -34,409,000 -7,167,000 -35,144,000 -8,835,000 -14,008,000 -17,000,000 -14,502,000 -36,396,000 -5,384,000 -15,861,000 -22,844,000 -25,335,000         
      sale of short-term securities
    		0                                    
      net cash from investing activities
    		-8,005,000 -8,293,000 8,738,000 -20,029,000 -6,016,000 -16,028,000 -7,522,000 -18,433,000 -63,875,000 -21,744,000 -10,672,000 -2,688,000 -760,000 -35,299,000 -116,732,000 -23,365,000 -34,409,000 -7,167,000 -35,144,000 -7,299,000 202,000 -19,566,000 -27,682,000 -34,749,000 7,173,000 -23,696,000 -27,255,000 -23,983,000 -10,451,000 -38,090,000 -13,910,000 -5,831,284 -75,701,201 280 21,205 24,621 
      cash flows from financing activities
    		                                    
      proceeds from long-term debt
    		0   0 0 0 360,000,000 0 46,236,000   85,000,000 0 30,644,000 152,695,000 0    0 0 0 200,000,000         0     
      repayments of long-term debt
    		-11,000 -199,884,000 -5,809,000 -6,640,000 -5,810,000 -5,807,000 -334,684,000 -4,427,000 -516,000 -514,000 -500,000 -1,342,000 -500,000 -500,000 -500,000 -500,000 -500,000 -500,000 -500,000 -500,000 -500,000 0 -170,625,000 -438,000 -437,000 -437,000 -438,000 -438,000 -437,000 -437,000 -438,000 -438,268     
      payment of deferred financing costs
    		-412,000 -7,022,000 -21,000 -15,000 -55,000 -23,000 -10,781,000 0 0 -3,104,000 -31,000 -2,095,000 -4,781,000 -35,000 -61,000 -32,000 0 -2,322,000 -18,000 -4,000 0 -189,000 -6,297,000 -106,000 -14,000   0 0 -78,000 -1,487,000      
      repurchase under stock-based compensation plans and related tax impacts
    		-5,000 -530,000 -266,000 -290,000 -13,000 -747,000 -6,000 -458,000 -37,000 -1,719,000 -7,000 -12,000 -42,000 -217,000 -134,000 -8,000 -125,000 -486,000 -1,167,000 -1,000 -52,000 -278,000 -4,179,000              
      net cash from financing activities
    		-428,000 67,564,000 -6,096,000 -6,945,000 -5,878,000 -6,577,000 14,529,000 -4,885,000 45,683,000 10,147,000 -538,000 81,551,000 79,677,000 29,892,000 151,873,000 -540,000 30,165,000 -3,308,000 -1,708,000 -505,000 -552,000 -467,000 18,045,000 -4,422,000 -451,000 -1,408,000 -7,113,000 -5,360,000 -438,000 -514,000 -10,040,000 -6,047,210 213,430,161 149,720 991,329 220,000 
      net increase in cash, cash equivalents and restricted cash
    		7,376,000 76,717,000 4,700,000   -9,127,000 12,169,000 -12,343,000   -18,130,000 58,345,000   50,573,000 -2,872,000 78,000 11,411,000 -21,510,000                  
      cash, cash equivalents and restricted cash at beginning of period
    		0 0 116,024,000 0 0 0 172,693,000 0 0 0 204,515,000 0 0 0 109,258,000 0 1,000 0 122,150,000                  
      cash, cash equivalents and restricted cash at end of period
    		7,376,000 76,717,000 120,724,000 -29,946,000 -29,765,000 -9,127,000 184,862,000 -12,343,000 -18,510,000 17,161,000 186,385,000 58,345,000 43,940,000 -57,601,000 159,831,000 -2,872,000 79,000 11,411,000 100,640,000                  
      supplemental disclosures of cash flow information:
    		                                    
      cash paid during the period:
    		                                    
      interest
    		12,137,000 1,639,000 16,593,000 3,656,000 15,955,000 2,591,000 3,613,000 4,960,000 4,729,000 4,425,000 4,146,000 3,898,000 4,447,000 4,109,000 3,862,000 3,679,000 3,652,000 3,622,000 3,377,000 3,439,000 3,418,000 3,522,000 3,012,000 2,637,000 2,646,000   2,469,000 2,502,000 2,478,000 2,447,000      
      income taxes
    		182,000 117,000 89,000 83,000 102,000 66,000 58,000 44,000 53,000 0 1,000 50,000 590,000 48,000 12,000 -722,000 1,329,000 541,000 23,000 54,000 -308,000 731,000 45,000 0 217,000   6,000 128,000 431,000 433,000      
      non-cash investing and financing activities:
    		                                    
      non-cash preferred stock dividend
    		1,100,000 1,086,000 1,069,000 1,053,000 1,037,000 1,283,000 1,298,000                              
      gain on foreign currency
    		  -152,000   676,000 -130,000       3,879,000 3,443,000     745,000 -162,000 1,141,000 451,000              
      sale of securities
    		  15,163,000                                  
      amortization of national geographic fee
    		           0 0 0 727,000 726,000 727,000 727,000 727,000 726,000 727,000 727,000 727,000 727,000 726,000 727,000 727,000 727,000 726,000 727,000 727,000 726,761     
      right-of-use lease asset
    		   -18,000                                 
      loss on foreign currency
    		   -181,000                                 
      loss on write-off of assets
    		                   0 0                
      investments in securities
    		                                    
      proceeds from loan principal repayment
    		                                    
      acquisition
    		       -10,859,000 0 -305,000 -6,872,000                          
      proceeds from series a preferred stock issuance
    		           0                         
      repurchase of warrants and common stock
    		           0 0 0 -127,000 0 0 0 -23,000 0 0 0 -854,000              
      net decrease in cash, cash equivalents and restricted cash
    		   -29,946,000                                 
      value of shares issued for acquisition
    		                                    
      non-cash preferred stock deemed dividend
    		                                    
      shares issued for acquisition
    		       0 0 0 1,770,000                          
      loan issuance
    		                                    
      warrants exercised
    		               0                     
      additional paid-in capital exercise proceeds of option shares
    		               0 0   0 0 0 1,682,000 1,514,000 0   0 0 0 1,123,000      
      additional paid-in capital exchange proceeds used for option shares
    		               0 0   0 0 0 -1,682,000 -1,514,000 0   0 0 0 -1,123,000      
      non-cash deemed dividend to warrant holders
    		               0                     
      non-cash preferred share dividend
    		        1,340,000 1,321,000 1,301,000                          
      loss on disposal and transfer of assets
    		                                    
      effect of exchange rate changes on cash
    		                   111,000 -1,000 48,000 -40,000 -174,000 35,000 172,000 -3,000 0 252,000 -313,000 -67,000 -5,267     
      adjustments to reconcile net income to net cash (used by) provided by operating activities:
    		                                    
      lease liabilities
    		               -6,410,000 581,000 -199,000 6,192,000                  
      right-to-use lease assets
    		                -549,000 219,000 -6,027,000                  
      acquisition of natural habitat, inc., net of 4,904 cash acquired
    		                                    
      transfer to restricted cash and marketable securities
    		                    14,210,000 -2,566,000 -13,180,000              
      net increase in cash and cash equivalents
    		                      841,000     -13,601,000 -1,796,000   -1,848,813     
      cash and cash equivalents at beginning of period
    		                    0 0 96,443,000              
      cash and cash equivalents at end of period
    		                    14,127,000 -5,723,000 97,284,000              
      net decrease in cash and cash equivalents
    		                        13,001,000 -4,467,000 -31,634,000    -25,030,000      
      gain on disposal and transfer of assets
    		                                    
      inventories and marine operating supplies
    		                       -520,000 -363,000 -269,000 116,000 -432,000 402,000 480,000 623,000 -924,051     
      redemption of restricted cash and marketable securities
    		                                    
      purchase of investment in cfmf
    		                               953     
      advance from stockholder
    		                                    
      repurchase of common stock and warrants
    		                                    
      net proceeds from merger
    		                               89,999,945     
      payments to stockholders for the merger
    		                                    
      cash and cash equivalents as of beginning of year
    		                                    
      cash and cash equivalents as of end of year
    		                                    
      cash paid during the year for:
    		                                    
      amortization of debt discount, deferred financing and other
    		                        566,000 544,000 552,000          
      (gain) loss on currency translation
    		                        -941,000      -71,000      
      redemption (purchase) of restricted cash and marketable securities
    		                                    
      repurchase of employee shares as part of cashless exercise of options or vesting of restricted shares for tax purposes
    		                        0            
      repurchase of warrants and common shares
    		                        0 -594,000 -5,572,000          
      cash and cash equivalents as of beginning of period
    		                        0   0 0 0 206,903,000 280     
      cash and cash equivalents as of end of period
    		                        13,001,000   -13,601,000 -1,796,000 -31,060,000 181,873,000 -1,848,533     
      cash paid during the period for:
    		                                    
      purchase of restricted cash and marketable securities
    		                         -7,835,000 -4,411,000  7,251,000 -2,120,000 -7,038,000      
      stock-based compensation expense
    		                          4,202,000          
      loss on currency translation
    		                          -246,000 429,000 5,000        
      proceeds used in exchange of option shares
    		                          -202,000 1,000 -1,000 1,000 -2,695,000 -29,563     
      repurchase of shares as part of ceo allocation plan
    		                          -901,000          
      advance from shareholder
    		                                    
      (purchase) redemption of restricted cash and marketable securities
    		                                    
      payments to shareholders for the merger
    		                                    
      repurchase of stock from common shareholders
    		                                    
      repayment of due to stockholder
    		                                    
      repurchase of stock from class b stockholders
    		                                    
      amortization of debt discount, deferred financing and other costs
    		                            1,416,000        
      gain on transfer of assets
    		                               668     
      acquisition of natural habitat, inc., net of cash acquired
    		                            0        
      repurchase of warrants
    		                            0 0 -5,420,000      
      acquisition of natural habitat, inc.:
    		                                    
      total purchase price consideration
    		                            0        
      consideration consisted of:
    		                                    
      cash paid to acquire natural habitat, inc.
    		                            0        
      non-cash consideration - long-term debt
    		                            0        
      non-cash consideration - lindblad restricted shares
    		                            0        
      investment in cfmf liquidation of junior debt asset, warrant
    		                                    
      cfmf liquidation of junior debt long-term debt, additional paid-in capital
    		                                    
      transfer from inventories and marine operating supplies
    		                                    
      transfer to property and equipment
    		                                    
      purchase of property and equipment
    		                             -26,024,000 -6,872,000 -6,657,179     
      advance to shareholder
    		                                    
      assets acquired and liabilities assumed:
    		                                    
      cash and cash equivalents
    		                                    
      current assets, excluding cash acquired
    		                                    
      property and equipment
    		                                    
      goodwill and other intangibles
    		                                    
      deferred tax liability
    		                                    
      redeemable noncontrolling interest
    		                                    
      increase in amount due from dvb
    		                                    
      amortization of debt discount and deferred financing costs
    		                              552,000 842,553     
      non-cash investing and financing activities
    		                                    
      gain on currency translation
    		                               86,533     
      change in fair value of obligation to repurchase shares of
    		                                    
      class a common stock
    		                                    
      acquisition of fillmore, net of cash acquired
    		                                    
      advance from (to) shareholder
    		                               74     
      (redemption) purchase of restricted cash and marketable securities
    		                               824,868     
      deferred financing costs
    		                               -101,324     
      repayments of participation certificates
    		                                    
      repurchase of stock from class b shareholders
    		                                    
      cash paid during period for:
    		                                    
      deferred rent
    		                                   -2,680 
      changes in operating assets and liabilities:
    		                                    
      accrued interest receivable
    		                                 0 6,530 -19,770 
      accrued franchise tax payable
    		                                 45,000 -315,000 45,000 
      trust account, interest income available for working capital and taxes
    		                                 280 21,205 24,621 
      proceeds from notes payable, related party
    		                                 150,000 991,329  
      decrease in common stock subject to possible redemption
    		                                    
      net decrease in cash
    		                                    
      net cash beginning of period
    		                                 0 28,634 0 
      net cash end of period
    		                                 -184,412 200,361 55,453 
      supplemental disclosure of cash flow information:
    		                                    
      cash paid for taxes
    		                                   0 
      cash paid for interest
    		                                 0 47,108  
      4
    		                                    
      adjustments to reconcile net income to net cash from operating activities
    		                                    
      net increase in cash
    		                                  171,727 55,453 
      6
    		                                    
      other assets
    		                                    
      trust account, restricted
    		                                    
      gross proceeds from initial public offering
    		                                    
      advances from (due to) related parties
    		                                    
      repayment of notes payable, related party
    		                                    
      proceeds from issuance of sponsor’s warrants
    		                                    
      payment of underwriting discount and offering expenses
    		                                    
      supplemental disclosure of non-cash investing and financing activities:
    		                                    
      accrual for offering costs charged to additional paid-in-capital
    		                                    
      prepaid expenses
    		                                    
      proceeds from initial public offering
    		                                    
      other current assets
    		                                    
      other asset
    		                                    
      purchase of marketable securities
    		                                    
      proceeds from related party
    		                                    
      repayment of due to related party
    		                                    
      proceeds from issuance of stock to initial stockholders
    		                                    
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.