Funko, inc. (FNKO)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Dec'16
Assets
Current assets:
Cash and cash equivalents

55,413

25,229

13,492

19,485

22,546

13,486

10,576

10,892

6,450

7,728

-

6,161

Accounts receivable, net

105,176

151,564

163,088

131,646

117,618

148,627

127,026

96,474

88,616

115,478

-

83,607

Inventory

53,284

62,124

94,347

75,298

75,396

86,622

81,206

63,591

73,950

79,082

-

43,616

Prepaid expenses and other current assets

15,031

20,280

14,039

17,170

16,935

11,904

25,302

18,515

24,670

21,727

-

19,040

Total current assets

228,904

259,197

284,966

243,599

232,495

260,639

244,110

189,472

193,686

224,015

-

152,424

Property and equipment, net

64,470

65,712

53,954

43,331

42,863

44,296

44,469

43,022

40,910

40,438

-

25,473

Operating lease right-of-use assets

60,309

62,901

61,847

41,759

33,102

0

-

-

-

-

-

-

Goodwill

124,300

124,835

124,282

124,510

121,892

116,078

112,977

113,052

113,498

110,902

-

97,453

Intangible assets, net

217,200

221,492

225,165

229,316

233,155

233,645

237,518

241,337

245,465

250,649

-

243,796

Deferred tax asset

58,008

57,547

-

-

-

7,407

-

-

-

-

-

-

Deferred tax asset

-

-

55,232

29,673

21,081

-

5,795

78

82

51

-

-

Other assets

4,730

4,783

4,859

3,986

4,475

4,275

3,896

4,033

4,160

4,258

-

3,091

Total assets

757,933

796,467

810,305

716,174

689,063

666,340

648,765

590,994

597,801

630,313

0

522,237

Liabilities and Stockholders’ Equity
Current liabilities:
Line of credit

28,731

25,822

18,542

19,329

22,456

20,000

54,899

42,323

33,540

10,801

-

6,729

Current portion of long-term debt, net of unamortized discount

16,642

13,685

10,722

10,619

10,605

10,593

7,973

7,956

8,016

7,928

-

7,130

Current portion of operating lease liabilities

11,949

11,314

9,525

8,602

7,839

0

-

-

-

-

-

-

Accounts payable

29,806

42,531

61,415

32,852

25,753

36,130

34,978

22,219

23,222

53,428

-

23,653

Income taxes payable

138

637

937

1,046

5,441

4,492

2,371

2,073

2,634

2,268

-

-

Accrued royalties

20,400

34,625

37,767

29,819

28,359

39,020

31,494

19,351

18,858

25,969

-

21,284

Accrued expenses and other current liabilities

28,080

28,955

26,932

26,931

19,647

33,015

31,066

25,730

29,726

27,032

-

13,746

Current portion of contingent consideration

-

-

-

-

-

-

2,500

2,500

2,500

2,500

-

25,000

Total current liabilities

135,746

157,569

165,840

129,198

120,100

143,250

165,281

122,152

118,496

129,926

-

97,542

Long-term debt, net of unamortized discount

197,175

202,816

208,460

211,383

214,045

216,704

196,181

198,178

200,097

215,170

-

203,894

Operating lease liabilities, net of current portion

59,345

61,622

61,093

40,401

29,663

0

-

-

-

-

-

-

Deferred tax liability

310

341

-

-

-

5

-

-

-

-

-

-

Deferred tax liability

-

-

38

20

23

-

65

259

689

588

-

-

Liabilities under tax receivable agreement, net of current portion

61,557

61,554

61,061

33,019

23,293

6,504

-

-

-

-

-

-

Deferred rent and other long-term liabilities

7,202

7,421

7,225

5,788

4,519

6,623

10,820

4,064

3,929

3,474

-

3,424

Commitments and contingencies

-

-

-

-

-

-

-

-

-

-

-

0

Member's equity

-

-

-

-

-

-

-

-

-

-

-

219,311

Stockholders’ equity:
Class A common stock, par value $0.0001 per share, 200,000 shares authorized; 34,953 and 34,918 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively

-

-

-

-

-

-

-

-

-

-

0

-

Additional paid-in-capital

206,570

204,174

200,365

176,684

166,208

146,154

142,426

131,624

130,292

129,320

-

58,090

Accumulated other comprehensive (loss) income

-785

791

-874

-336

100

-167

163

207

1,304

802

-

-

Retained earnings

16,316

20,442

24,683

16,044

12,557

8,717

4,387

2,357

-8,917

1,041

-

-60,024

Total stockholders’ equity attributable to Funko, Inc.

222,105

225,411

224,178

192,397

178,870

154,708

146,980

134,192

122,683

131,167

0

-

Total stockholders' equity attributable to members' equity

-

-

-

-

-

-

-

-

-

-

-

217,377

Non-controlling interests

74,493

79,733

82,410

103,968

118,550

138,546

129,438

132,149

151,907

149,988

-

-

Total stockholders’ equity

296,598

305,144

306,588

296,365

297,420

293,254

276,418

266,341

274,590

281,155

-

-

Total members' equity

-

-

-

-

-

-

-

-

-

-

-

217,377

Total liabilities and stockholders’ equity

757,933

796,467

810,305

716,174

689,063

666,340

648,765

590,994

597,801

630,313

-

522,237

Funko Acquisition Holdings, L.L.C. [Member]
Cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

7,662

-

Accounts receivable, net

-

-

-

-

-

-

-

-

-

-

99,293

-

Inventory

-

-

-

-

-

-

-

-

-

-

78,836

-

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

31,321

-

Total current assets

-

-

-

-

-

-

-

-

-

-

217,112

-

Property and equipment, net

-

-

-

-

-

-

-

-

-

-

38,964

-

Goodwill

-

-

-

-

-

-

-

-

-

-

107,265

-

Intangible assets, net

-

-

-

-

-

-

-

-

-

-

254,391

-

Other assets

-

-

-

-

-

-

-

-

-

-

4,223

-

Assets

-

-

-

-

-

-

-

-

-

-

621,955

-

Line of credit

-

-

-

-

-

-

-

-

-

-

61,650

-

Current portion long-term debt, net of unamortized discount

-

-

-

-

-

-

-

-

-

-

37,559

-

Accounts payable

-

-

-

-

-

-

-

-

-

-

44,952

-

Accrued royalties

-

-

-

-

-

-

-

-

-

-

25,380

-

Accrued expenses and other current liabilities

-

-

-

-

-

-

-

-

-

-

32,871

-

Current portion of contingent consideration

-

-

-

-

-

-

-

-

-

-

2,500

-

Total current liabilities

-

-

-

-

-

-

-

-

-

-

204,912

-

Long-term debt, net of unamortized discount

-

-

-

-

-

-

-

-

-

-

249,177

-

Deferred rent

-

-

-

-

-

-

-

-

-

-

3,438

-

Senior Preferred units, $1,000 par value; no units authorized, issued, and outstanding at September 30, 2017 and December 31, 2016

-

-

-

-

-

-

-

-

-

-

0

-

Additional paid-in-capital

-

-

-

-

-

-

-

-

-

-

66,172

-

Accumulated other comprehensive income

-

-

-

-

-

-

-

-

-

-

1,361

-

Accumulated deficit

-

-

-

-

-

-

-

-

-

-

-128,976

-

Total members' equity

-

-

-

-

-

-

-

-

-

-

164,428

-

Total liabilities and members' equity

-

-

-

-

-

-

-

-

-

-

621,955

-

Class A common shares outstanding
Class A common stock, par value $0.0001 per share, 200,000 shares authorized; 34,953 and 34,918 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively

3

3

3

3

3

2

2

2

2

2

-

-

Total stockholders’ equity

3

3

3

3

3

2

2

2

2

2

-

-

Class B common shares outstanding
Class A common stock, par value $0.0001 per share, 200,000 shares authorized; 34,953 and 34,918 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively

1

1

1

2

2

2

2

2

2

2

-

-

Total stockholders’ equity

1

1

1

2

2

2

2

2

2

2

-

-