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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities    
Net income (loss) $ (18,247) $ (137,006)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 30,998 27,851
Equity-based compensation 7,100 8,437
Loss on debt extinguishment 0 494
Liability reduction 0 (99,620)
Deferred tax expense 0 123,206
Other, net 641 (2,517)
Changes in operating assets and liabilities, net of amounts acquired:    
Accounts receivable, net 8,385 33,405
Inventories 10,102 61,640
Prepaid expenses and other assets 27,267 237
Accounts payable 10,528 13,400
Accrued royalties (2,325) (15,807)
Accrued expenses and other liabilities (14,054) (25,756)
Net cash provided by (used in) operating activities 60,395 (12,036)
Investing Activities    
Purchases of property and equipment (13,261) (22,712)
Acquisitions of businesses and related intangible assets, net of cash acquired 0 (5,274)
Sale of Funko Games inventory and certain intellectual property 6,754 0
Other 518 420
Net cash used in investing activities (5,989) (27,566)
Financing Activities    
Borrowings on line of credit 0 71,000
Payments on line of credit (30,500) 0
Payments of long-term debt (19,644) (11,258)
Other, net 859 (2,773)
Net cash (used in) provided by financing activities (49,285) 56,969
Effect of exchange rates on cash and cash equivalents (23) 260
Net change in cash and cash equivalents 5,098 17,627
Cash and cash equivalents at beginning of period 36,453 19,200
Cash and cash equivalents at end of period $ 41,551 $ 36,827