v3.24.3

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue	$ 269,168	$ 253,125	$ 773,632	$ 799,683
Cost of revenue (exclusive of depreciation and amortization)	214,907	198,450	604,859	626,976
Selling, general and administrative expenses (exclusive of depreciation and amortization)	35,088	35,367	117,720	111,774
Depreciation and amortization	13,039	14,398	41,529	45,848
Impairment of goodwill	343		343
Operating profit	3,193	2,065	910	6,389
Other expense (income), net:
Interest expense, net	23,446	24,708	67,663	113,980
Debt modification and extinguishment costs (gain), net	256	(571)	256	(16,129)
Sundry expense, net	106	298	1,783	2,546
Other income, net	(440)	(1,069)	(1,314)	(1,583)
Loss before income taxes	(20,175)	(21,301)	(67,478)	(92,425)
Income tax expense	(4,762)	(1,807)	(9,937)	(7,005)
Net loss	(24,937)	(23,108)	(77,415)	(99,430)
Net loss attributable to noncontrolling interest in XBP Europe, net of taxes	(915)		(2,837)
Net loss attributable to Exela Technologies, Inc.	(24,022)	(23,108)	(74,578)	(99,430)
Net loss attributable to common stockholders	$ (26,388)	$ (25,298)	$ (81,530)	$ (105,865)
Basic (in dollars per share)	$ (4.15)	$ (3.97)	$ (12.81)	$ (18.08)
Diluted (in dollars per share)	$ (4.15)	$ (3.97)	$ (12.81)	$ (18.08)
Series A Preferred Stock
Other expense (income), net:
Cumulative dividends for Preferred Stock	$ (1,105)	$ (1,002)	$ (3,225)	$ (2,923)
Series B Preferred Stock
Other expense (income), net:
Cumulative dividends for Preferred Stock	(1,261)	(1,188)	(3,727)	(3,512)
Related party
Related party expense	$ 2,598	$ 2,845	$ 8,271	$ 8,696

The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
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-Paragraph 28
-Subparagraph (b)
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Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
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Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Exela Technologies, Inc. 10-Q