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Schedule I: Condensed Financial Information of Registrant (Tables) | 12 Months Ended
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Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Financial Statements |
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
| (in thousands)
Intercompany revenue | $ | 226 |  |  | $ | 564 |  |  | $ | 82 |
Selling, general, and administrative expenses | 10,812 |  |  | 16,941 |  |  | 13,163 |
Total operating expenses | 10,812 |  |  | 16,941 |  |  | 13,163 |
Loss from operations | (10,586) |  |  | (16,377) |  |  | (13,081) |
Interest (expense) income, net | (321) |  |  | (168) |  |  | 3 |
Tax receivable agreement liability adjustment | 100,223 |  |  | (3,987) |  |  | (1,590) |
Equity in net (loss) income of subsidiaries | (114,697) |  |  | (8,040) |  |  | 72,916 |
(Loss) income before income taxes | (25,381) |  |  | (28,572) |  |  | 58,248 |
Income tax expense (benefit) | 128,698 |  |  | (20,537) |  |  | 14,348 |
Net (loss) income | $ | (154,079) |  |  | $ | (8,035) |  |  | $ | 43,900 |
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
| (in thousands)
Net (loss) income | $ | (154,079) |  |  | $ | (8,035) |  |  | $ | 43,900 |
Other comprehensive (loss) income: |  |  |  |  |
Foreign currency translation (loss) gain, net of tax effect of $(770), $1,169 and $163 for the years ended December 31, 2023, 2022 and 2021, respectively | 2,423 |  |  | (3,681) |  |  | (544) |
Reclassification of foreign currency translation gain into net (loss) income | $ | — |  |  | $ | — |  |  | $ | (96) |
Comprehensive (loss) income attributable to Funko, Inc. | $ | (151,656) |  |  | $ | (11,716) |  |  | $ | 43,260 |
| December 31,
| 2023 |  | 2022
| (in thousands, except per share data)
Assets |  |  |
Current assets: |  |  |
Cash and cash equivalents | $ | 3,734 |  |  | $ | 911 |
Income tax receivable | 311 |  |  | 7,530 |
Total current assets | 4,045 |  |  | 8,441 |
Intercompany receivable | 118,783 |  |  | 119,219 |
Deferred tax asset, net of valuation allowance | — |  |  | 123,893 |
Investment in subsidiaries | 118,443 |  |  | 225,858 |
Total assets | $ | 241,271 |  |  | $ | 477,411 |
Liabilities and Stockholders' Equity |  |  |
Current liabilities: |  |  |
Current portion of liabilities under tax receivable agreement | $ | 8,960 |  |  | $ | 9,567 |
Accrued expenses and other current liabilities | 370 |  |  | — |
Total current liabilities | 9,330 |  |  | 9,567 |
Liabilities under tax receivable agreement, net of current portion | — |  |  | 99,620 |
Commitments and contingencies |  |  |
Stockholders' equity: |  |  |
Class A common stock, par value $0.0001 per share, 200,000 shares authorized; 50,549 shares and 47,192 shares issued and outstanding as of December 31, 2023 and 2022, respectively | 5 |  |  | 5 |
Class B common stock, par value $0.0001 per share, 50,000 shares authorized; 2,277 shares and 3,293 shares issued and outstanding as of December 31, 2023 and 2022, respectively | — |  |  | — |
Additional paid-in-capital | 326,180 |  |  | 310,807 |
Accumulated other comprehensive (loss) income | (180) |  |  | (2,603) |
(Accumulated deficit) retained earnings | (94,064) |  |  | 60,015 |
Total stockholders' equity | 231,941 |  |  | 368,224 |
Total liabilities and stockholders' equity | $ | 241,271 |  |  | $ | 477,411 |
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
| (in thousands)
Operating Activities |  |  |  |  |
Net (loss) income | $ | (154,079) |  |  | $ | (8,035) |  |  | $ | 43,900 |
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: |  |  |  |  |
Equity in net loss (income) of subsidiaries | 114,697 |  |  | 8,040 |  |  | (72,916) |
Equity-based compensation | 10,534 |  |  | 16,591 |  |  | 12,994 |
Deferred tax expense (benefit) | 123,124 |  |  | (17,173) |  |  | (203) |
Tax receivable liability adjustment | (100,223) |  |  | 3,987 |  |  | 1,590 |
Changes in operating assets and liabilities: |  |  |  |  |
Income tax receivable | 7,219 |  |  | (7,530) |  |  | 294 |
Due from related parties, net | 436 |  |  | (984) |  |  | 1,351 |
Prepaid expenses and other assets | — |  |  | (11,019) |  |  | — |
Income taxes payable | — |  |  | (14,684) |  |  | 14,684 |
Accrued expenses and other liabilities | 370 |  |  | 11,190 |  |  | (571) |
Net cash provided by (used in) operating activities | 2,078 |  |  | (19,617) |  |  | 1,123 |
Investing Activities |  |  |  |  |
Capital contribution to FAH, LLC | — |  |  | (73,980) |  |  | — |
Net cash (used in) investing activities | — |  |  | (73,980) |  |  | — |
Financing Activities |  |  |  |  |
Tax distribution received from FAH, LLC | — |  |  | 38,811 |  |  | 24,173 |
Tax receivable agreement payments | (4) |  |  | (7,718) |  |  | (1,715) |
Proceeds from exercise of equity-based options | 749 |  |  | 1,472 |  |  | 3,794 |
Net cash provided by financing activities | 745 |  |  | 32,565 |  |  | 26,252 |
Net change in cash and cash equivalents | 2,823 |  |  | (61,032) |  |  | 27,375 |
Cash and cash equivalents at beginning of period | 911 |  |  | 61,943 |  |  | 34,568 |
Cash and cash equivalents at end of period | $ | 3,734 |  |  | $ | 911 |  |  | $ | 61,943 |
Supplemental Cash Flow Information |  |  |  |  |
Income tax payments | $ | — |  |  | $ | 18,999 |  |  | $ | 23 |
Establishment of liabilities under tax receivable agreement | — |  |  | 30,034 |  |  | 20,691 |
Issuance of equity instruments for acquisitions | — |  |  | 1,487 |  |  | — |

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- Definition Tabular disclosure of condensed financial statements, including, but not limited to, the balance sheet, income statement, and statement of cash flows. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 + Details
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