JAKKS Pacific, Inc. JAKK Balance Sheet

Jakks pacific, inc. (JAKK)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
Assets
Current assets
Cash and cash equivalents
39,467	61,613	71,028	32,125	42,431	53,282	52,177	36,824	46,779	64,977	45,411	64,098	57,456	86,064	45,475	86,693	118,914	102,528	81,211	110,269	105,098	71,525	88,617	162,713	113,355	117,071	51,519	69,717	165,361	189,321	140,755	221,648	254,555	257,258	232,244	246,846	278,346
Restricted cash
-	-	-	-	-	4,923	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash
4,561	4,673	4,862	4,923	4,974	-	4,967	26,167	-	0	3,400	3,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	10,576	-	2,687	9,933	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	220	220	220	220	220	220	220	220	220	218	218	218	216	214	214	212	210	207
Accounts receivable, net of allowance for doubtful accounts of $3,156 and $3,394 at March 31, 2020 and December 31, 2019, respectively
64,761	117,942	200,788	85,119	67,793	122,278	205,412	100,279	93,928	142,457	224,103	110,477	98,491	173,599	272,257	132,892	85,471	163,387	292,861	117,148	104,318	234,516	304,338	109,342	65,367	101,223	257,965	94,915	64,985	105,455	242,635	121,597	58,403	103,637	239,680	109,327	122,476
Inventory
48,233	54,259	65,298	53,521	44,685	53,880	64,451	62,161	53,997	58,432	80,144	81,220	67,466	75,435	75,064	71,468	53,470	60,544	81,404	91,887	79,474	78,827	88,776	65,148	42,203	46,784	59,119	56,674	52,052	59,690	73,229	60,798	44,998	47,019	55,836	55,257	43,230
Income taxes receivable
-	-	-	-	-	-	-	-	-	-	1,770	2,642	1,745	1,204	23,435	23,435	24,008	24,008	24,008	24,008	24,008	24,008	24,008	24,008	24,008	24,008	24,008	24,008	24,008	24,008	24,008	24,008	24,008	24,166	23,963	18,871	19,052
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,358	3,358	3,358	3,358	3,953	3,953	4,600	3,953	7,058	7,058	7,058	7,058	34,504	34,836	34,723	34,505	16,475	23,882	23,576
Prepaid expenses and other assets
18,802	21,898	18,495	28,523	28,030	15,780	26,485	24,677	20,812	16,803	16,490	27,480	31,832	17,077	27,761	28,102	32,912	31,901	30,683	36,073	30,169	25,139	29,691	34,676	32,590	27,673	23,650	27,571	31,916	20,306	26,215	32,959	34,404	30,686	27,063	34,109	25,275
Total current assets
175,824	260,385	360,471	204,211	187,913	250,143	353,492	250,108	215,516	282,669	371,318	289,417	267,566	353,379	446,679	352,523	314,775	382,368	513,525	382,963	346,645	437,593	539,603	400,060	282,343	320,932	423,539	280,163	345,598	406,056	541,564	496,062	451,305	497,485	595,473	488,502	512,162
Property and equipment
Office furniture and equipment
11,752	11,678	11,799	11,876	11,953	11,999	15,397	15,368	15,171	15,043	14,991	14,771	14,474	14,345	14,567	14,691	15,349	15,141	15,064	14,901	14,612	14,440	14,368	14,523	14,514	14,312	14,469	14,452	14,345	14,268	14,138	13,715	13,590	13,606	12,484	12,306	12,127
Molds and tooling
103,491	103,335	109,770	108,250	104,415	108,315	115,816	113,911	116,920	115,378	111,704	109,894	104,670	103,128	99,905	95,481	89,012	86,307	95,431	-	-	87,360	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Molds and tooling
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	93,211	88,322	-	86,165	84,525	78,923	78,096	76,117	74,071	75,388	73,487	71,900	68,289	64,055	61,005	62,866	60,373	57,103
Leasehold improvements
6,852	6,808	7,215	7,220	7,473	7,735	10,776	10,771	10,945	10,936	10,918	10,908	10,896	10,927	10,950	10,939	10,755	10,640	10,406	10,459	7,213	5,280	4,839	4,768	4,916	4,917	7,057	7,049	7,046	7,044	6,873	6,409	6,704	6,788	6,773	6,483	6,920
Total
122,095	121,821	128,784	127,346	123,841	128,049	141,989	140,050	143,036	141,357	137,613	135,573	130,040	128,400	125,422	121,111	115,116	112,088	120,901	118,571	110,147	107,080	105,372	103,816	98,353	97,325	97,643	95,572	96,779	94,799	92,911	88,413	84,349	81,399	82,123	79,162	76,150
Less accumulated depreciation and amortization
106,696	106,562	111,859	106,239	103,685	107,147	120,802	115,344	120,080	118,130	116,987	111,046	107,423	105,559	102,724	97,011	95,256	93,653	102,297	99,256	97,042	95,984	94,820	89,539	87,511	86,229	85,549	80,616	80,543	78,973	77,781	69,621	66,804	65,213	64,543	58,506	59,204
Property and equipment, net
15,399	15,259	16,925	21,107	20,156	20,902	21,187	24,706	22,956	23,227	20,626	24,527	22,617	22,841	22,698	24,100	19,860	18,435	18,604	19,315	13,105	11,096	10,552	14,277	10,842	11,096	12,094	14,956	16,236	15,826	15,130	18,792	17,545	16,186	17,580	20,656	16,946
Operating lease right-of-use assets, net
29,824	32,081	34,142	35,848	35,132	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangibles
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,288	-	16,364	20,231	23,437
Other long term assets
17,691	18,926	18,976	17,264	17,269	19,101	18,938	18,969	18,504	6,579	2,108	2,490	2,306	2,156	2,423	2,659	2,831	3,125	9,779	9,491	9,851	10,389	10,972	11,744	7,481	6,175	6,335	3,068	4,132	4,584	4,940	3,895	3,473	3,670	8,239	15,505	12,643
Deferred tax asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	47,074	47,102	47,101	47,081	58,839	58,856	58,848
Intangible assets, net
2,792	3,188	13,744	14,931	16,122	17,312	18,477	19,530	21,023	22,190	23,566	28,861	30,976	33,111	35,553	37,671	39,773	42,185	43,997	45,061	47,215	48,904	50,545	53,633	55,867	57,439	59,654	64,044	66,031	67,054	66,032	19,742	-	21,753	-	-	-
Investment in DreamPlay, LLC
-	-	-	-	-	-	-	-	-	-	-	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	-	-	-	-	-	-	-
Investment in joint venture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	18	-	-	-	-	-	3,295	3,400	-	1,820	1,846	74
Investment in joint venture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,429	2,046	4,062	3,161	-	-	-	2,736	-	-	-
Goodwill
35,100	35,083	35,083	35,083	35,083	35,083	35,197	35,268	35,592	35,384	35,344	43,475	43,268	43,208	43,462	43,631	44,024	44,199	44,344	44,567	44,212	44,492	44,776	45,093	44,936	44,876	44,735	48,502	48,489	48,836	50,771	24,725	24,725	24,015	6,988	6,988	6,988
Trademarks
300	300	300	300	300	300	300	300	300	300	300	2,608	2,608	2,608	2,308	2,308	2,308	2,308	2,308	2,308	2,308	2,308	2,308	2,308	2,308	2,308	2,308	2,308	2,308	2,308	2,308	2,308	2,308	2,308	2,308	2,308	2,308
Total assets
276,913	365,222	479,641	328,744	311,975	342,841	447,591	348,881	313,891	370,349	453,262	398,378	376,341	464,303	560,123	469,892	430,571	499,620	639,557	510,705	470,336	561,782	665,756	534,115	410,777	449,844	557,094	422,087	493,856	554,825	738,586	615,921	571,145	615,234	707,611	614,892	633,406
Liabilities, Preferred Stock and Stockholders' Equity (Deficit)
Current liabilities
Accounts payable
22,785	61,196	136,175	64,388	27,914	57,574	142,612	68,123	39,072	49,916	98,392	67,003	30,135	51,741	102,577	73,717	28,132	34,986	94,631	59,221	24,235	56,113	115,623	60,550	21,338	25,275	89,780	56,033	30,402	37,793	105,912	64,342	20,063	26,430	85,352	51,537	35,886
Accrued expenses
22,056	39,515	60,257	33,628	29,983	29,914	48,539	35,470	37,145	42,145	54,924	22,390	18,644	38,645	57,358	31,449	24,856	54,081	70,903	49,810	44,527	86,974	80,366	57,998	46,615	69,086	85,235	61,243	49,974	63,677	77,061	44,297	39,215	50,780	60,641	37,853	54,476
Reserve for sales returns and allowances
31,700	38,400	38,100	24,500	26,009	29,403	30,270	21,335	15,343	17,622	12,975	9,056	10,551	16,424	16,379	8,960	13,104	17,267	26,616	16,601	17,590	24,477	28,878	21,267	24,426	31,374	35,307	27,776	30,725	34,373	31,663	26,007	29,547	43,440	26,398	16,888	28,378
Income taxes payable
347	2,492	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short term operating lease liabilities
9,592	9,451	9,368	9,182	8,817	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	27
Income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,791	21,926	21,741	21,067	24,797	25,308	26,084	23,784	25,430	23,165	21,449	20,762	17,972	18,081	18,251	12,922	15,988	7,886	7,767	2,183	21,716	9,382	6,143
Short-term Debt
-	-	-	-	20,000	27,211	19,365	19,048	-	5,000	2,000	-	10,000	10,000	-	-	-	-	25,000	-	-	-	-	-	48,098	38,098	-	-	57,910	70,710	-	-	-	-	-	-	-
Convertible senior notes, net
-	-	-	-	-	-	-	21,163	21,119	21,075	21,030	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short term debt, net
1,905	1,905	6,905	1,892	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38,905	38,633	-	-	-	-	-	-	-	-	-	-	-	-	-
Short term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	53,410	-	-	-	-	-	-
Total current liabilities
88,428	152,924	250,814	133,588	112,723	144,102	240,786	165,139	112,679	135,758	189,321	98,449	69,330	116,810	199,105	136,052	87,833	127,401	241,947	150,940	112,436	191,348	289,202	201,613	161,926	184,595	228,294	163,133	187,262	219,475	284,034	142,532	96,592	122,833	194,107	115,660	124,910
Long term operating lease liabilities
23,120	25,632	27,864	29,829	29,628	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt, non-current portion, net of issuance costs and debt discounts
-	-	-	-	142,411	139,792	145,056	137,323	134,716	133,497	132,231	152,975	164,554	203,007	207,933	207,526	207,797	209,166	-	-	-	215,000	-	-	100,000	100,000	137,826	96,283	95,600	94,918	94,235	93,552	92,870	92,188	91,505	90,823	89,458
Debt, non-current portion, net of issuance costs and debt discounts
169,397	174,962	170,812	160,656	-	-	-	-	-	-	-	-	-	-	-	-	-	-	215,000	215,000	215,000	-	215,000	215,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
3,319	5,409	5,036	137	128	4,409	4,364	4,346	4,426	4,537	4,620	4,739	4,909	5,004	5,210	5,173	5,303	5,155	4,232	3,902	913	1,874	7,249	7,377	7,429	7,021	13,182	18,369	18,449	18,345	27,328	1,831	1,858	1,630	1,571	1,579	1,625
Income taxes payable
1,471	1,565	1,465	1,471	1,461	1,458	994	994	1,327	1,261	1,195	1,205	2,248	2,248	2,325	2,325	2,199	2,199	2,198	2,199	400	2,496	2,725	2,725	2,553	2,597	3,259	4,614	4,614	4,687	3,926	4,550	4,550	4,992	4,712	4,497	5,005
Deferred income taxes, net
226	226	-	-	-	1,431	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes, net
-	-	1,431	1,431	1,430	-	787	784	781	783	2,033	2,034	2,034	2,034	2,265	2,297	2,199	2,293	5,980	5,987	5,980	5,980	6,946	6,946	6,369	6,946	10,180	10,180	10,180	10,180	-	-	-	-	-	-	-
Total liabilities
285,961	360,718	457,422	327,112	287,781	291,192	391,987	308,586	253,929	275,836	329,400	259,402	243,075	329,103	416,838	353,373	305,331	346,214	469,357	378,028	334,729	416,698	521,122	433,661	278,277	301,159	392,741	292,579	316,105	347,605	409,523	242,465	195,870	221,643	291,895	212,559	220,998
Preferred stock, $0.001 par value; 5,000,000 shares authorized; 200,000 shares issued and outstanding at March 31, 2020 and December 31, 2019
790	483	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redeemable Noncontrolling Interest, Equity, Carrying Amount
-	-	180	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commitments and contingencies
-	-	-	-	-	-	-	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stockholders' Equity (Deficit)
Preferred stock, $.001 par value; 5,000,000 shares authorized; nil outstanding
-	-	-	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common stock, $0.001 par value; 100,000,000 shares authorized; 35,548,456 and 35,210,371 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively
36	36	36	30	30	30	30	30	30	27	27	27	23	19	20	21	20	21	23	23	23	23	23	23	23	23	22	22	22	22	22	26	25	26	26	27	28
Treasury stock, at cost; 3,112,840 and nil shares outstanding in 2018 and 2019, respectively
-	-	0	24,000	24,000	24,000	24,000	24,000	24,000	24,000	24,000	24,000	24,000	24,000	24,000	24,701	24,000	28,322	30,988	24,000	24,000	24,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,641
Additional paid-in capital
200,248	200,475	199,782	218,897	218,524	218,155	217,468	216,709	216,398	215,809	214,691	213,898	193,440	177,624	177,326	179,421	180,363	194,743	203,503	202,995	202,540	202,051	177,662	177,303	200,942	200,665	200,305	202,968	202,784	202,577	202,758	275,336	274,856	274,532	274,066	293,082	302,425
Accumulated deficit
-195,187	-183,149	-162,856	-179,301	-156,759	-127,601	-124,354	-140,036	-121,477	-85,233	-54,820	-37,206	-20,464	-2,148	5,437	-25,175	-20,806	-3,391	5,939	-39,906	-34,226	-26,645	-29,443	-73,512	-64,459	-48,154	-32,086	-68,683	-20,273	8,836	130,458	102,202	104,587	123,174	145,783	113,549	119,884
Accumulated other comprehensive loss
-16,056	-14,422	-15,892	-14,994	-14,544	-15,847	-14,548	-13,399	-12,009	-13,059	-13,079	-14,741	-16,676	-17,207	-16,077	-13,709	-10,775	-10,051	-8,739	-6,878	-9,220	-6,835	-3,608	-3,360	-4,006	-3,849	-3,888	-4,799	-4,782	-4,215	-4,175	-4,108	-4,193	-4,141	-4,159	-4,325	-4,288
Total JAKKS Pacific, Inc. stockholders' equity (deficit)
-10,959	2,940	21,070	632	23,251	50,737	54,596	39,304	58,942	93,544	122,819	137,978	132,323	134,288	142,706	115,857	124,802	153,000	169,738	132,234	135,117	144,594	144,634	100,454	132,500	148,685	164,353	129,508	177,751	207,220	329,063	373,456	375,275	393,591	415,716	402,333	412,408
Non-controlling interests
1,121	1,081	969	1,000	943	912	1,008	991	1,020	969	1,043	998	943	912	579	662	438	406	462	443	490	490	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total stockholders' equity (deficit)
-9,838	4,021	22,039	1,632	24,194	51,649	55,604	40,295	59,962	94,513	123,862	138,976	133,266	135,200	143,285	116,519	125,240	153,406	170,200	132,677	135,607	145,084	-	-	-	148,685	-	-	-	-	-	-	-	-	-	-	-
Total liabilities, preferred stock and stockholders' equity (deficit)
276,913	365,222	479,641	328,744	311,975	342,841	447,591	348,881	313,891	370,349	453,262	398,378	376,341	464,303	560,123	469,892	430,571	499,620	639,557	510,705	470,336	561,782	665,756	534,115	410,777	449,844	557,094	422,087	493,856	554,825	738,586	615,921	571,145	615,234	707,611	614,892	633,406