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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities      
Net loss $ (15,070) $ (164,438) $ (5,240)
Adjustments to reconcile net income to net cash (used in) provided by operating activities:      
Depreciation and amortization 62,583 57,389 47,919
Equity-based compensation 13,602 10,534 16,591
Loss on debt extinguishment 0 494 0
Gain on tax receivable agreement liability adjustment 0 (100,223) 0
Federal (57) 123,124 (17,414)
Other, net 3,722 5,364 6,146
Changes in operating assets and liabilities, net of amounts acquired:      
Accounts receivable, net 9,624 40,513 19,075
Inventories 26,216 122,479 (82,214)
Prepaid expenses and other assets 17,076 (1,969) (7,263)
Accounts payable 9,280 (17,968) 11,043
Income taxes payable (597) 75 (15,018)
Accrued royalties 6,987 (14,723) 9,082
Accrued expenses and other liabilities (9,842) (29,716) (22,841)
Net cash provided by (used in) operating activities 123,524 30,935 (40,134)
Investing Activities      
Purchase of property and equipment (32,791) (35,131) (59,148)
Acquisitions of business and intangible assets, net of cash acquired 0 (5,364) (19,479)
Sale of Funko Games inventory and certain intellectual property 6,754 0 0
Other, net 809 699 562
Net cash used in investing activities (25,228) (39,796) (78,065)
Financing Activities      
Borrowings on line of credit 40,000 71,000 120,000
Payments on line of credit (100,500) (20,500) (50,000)
Proceeds from long-term debt 0 0 20,000
Payment of long-term debt (31,104) (22,581) (18,000)
Distributions to continuing equity owners 0 (1,118) (10,710)
Payments under tax receivable agreement (8,960) (4) (7,718)
Other, net 1,322 (1,201) 1,067
Net cash (used in) provided by financing activities (99,242) 25,596 54,639
Effect of exchange rates on cash and cash equivalents (852) 518 (797)
Net change in cash and cash equivalents (1,798) 17,253 (64,357)
Cash and cash equivalents at beginning of period 36,453 19,200 83,557
Cash and cash equivalents at end of period 34,655 36,453 19,200
Supplemental Cash Flow Information      
Cash paid for interest 20,953 24,635 8,856
Income tax payments 3,899 1,059 22,363
Establishment of liabilities under tax receivable agreement 547 0 30,034
Issuance of equity instruments for acquisitions 0 0 1,487
Tenant allowance $ 0 $ 0 $ 17,236