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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 31,885 $ 19,200
Accounts receivable, net 166,934 167,895
Inventory 162,062 246,429
Prepaid expenses and other current assets 44,048 39,648
Total current assets 404,929 473,172
Property and equipment, net 95,389 102,232
Operating lease right-of-use assets 63,533 71,072
Goodwill 135,722 131,380
Intangible assets, net 171,261 181,284
Deferred tax asset, net of valuation allowance 0 123,893
Other assets 9,209 8,112
Total assets 880,043 1,091,145
Current liabilities:    
Line of credit 141,000 70,000
Current portion of long-term debt, net of unamortized discount 21,977 22,041
Current portion of operating lease liabilities 17,866 18,904
Accounts payable 70,178 67,651
Income taxes payable 1,136 871
Accrued royalties 61,857 69,098
Accrued expenses and other current liabilities 107,720 112,832
Total current liabilities 421,734 361,397
Long-term debt, net of unamortized discount 136,539 153,778
Operating lease liabilities, net of current portion 73,961 82,356
Deferred tax liability 385 382
Liabilities under tax receivable agreement, net of current portion 0 99,620
Other long-term liabilities 4,658 3,923
Commitments and Contingencies (Note 6)
Stockholders’ equity:    
Additional paid-in-capital 318,782 310,807
Accumulated other comprehensive loss (3,030) (2,603)
(Accumulated deficit) retained earnings (83,303) 60,015
Total stockholders’ equity attributable to Funko, Inc. 232,454 368,224
Non-controlling interests 10,312 21,465
Total stockholders’ equity 242,766 389,689
Total liabilities and stockholders’ equity 880,043 1,091,145
Class A common shares outstanding    
Stockholders’ equity:    
Common stock, value 5 5
Class B common shares outstanding    
Stockholders’ equity:    
Common stock, value $ 0 $ 0