WEBTOON Entertainment Inc
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Stockholders’ Equity and Group Equity
| Common Stock · Additional paid-in · Accumulatedothercomprehensive · Accumulated · Total stockholders' equityattributable toWEBTOON Entertainment · Non-controllinginterests inconsolidated · Group | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · capital · loss · deficit · Inc. · subsidiaries · Equity · Total equity | |||||||||||
| Balance as of January 1, 2023 | 97,091,692 | $10 | $1,038,284 | $(36,667) | $(212,033) | $789,594 | $85,395 | $593,513 | $1,468,502 | ||
| Net loss | — | — | — | — | (10,875) | (10,875) | (320) | (6,686) | (17,881) | ||
| Foreign currency translation adjustments, net of tax | — | — | — | (18,396) | — | (18,396) | — | — | (18,396) | ||
| Equity in income of equity method investees | — | — | — | (831) | — | (831) | — | — | (831) | ||
| Equity-based compensation | — | — | 125 | — | — | 125 | 1,937 | — | 2,062 | ||
| Balance as of March 31, 2023 | 97,091,692 | 10 | 1,038,409 | (55,894) | (222,908) | 759,617 | 87,012 | 586,827 | 1,433,456 | ||
| Net income (loss) | — | — | — | — | (13,167) | (13,167) | 451 | (6,951) | (19,667) | ||
| Foreign currency translation adjustments, net of tax | — | — | — | (16,209) | — | (16,209) | — | — | (16,209) | ||
| Equity in income of equity method investees | — | — | — | (25) | — | (25) | — | — | (25) | ||
| Equity-based compensation | — | — | 142 | — | — | 142 | 417 | — | 559 | ||
| Changes in scope of consolidation | — | — | — | — | — | — | (11,131) | — | (11,131) | ||
| Common control transaction | 12,413,458 | 1 | 628,316 | — | (48,441) | 579,876 | — | (579,876) | — | ||
| Balance as of June 30, 2023 | 109,505,150 | $11 | $1,666,867 | $(72,128) | $(284,516) | $1,310,234 | $76,749 | $— | $1,386,983 | ||
| Net loss | — | — | — | — | (11,174) | (11,174) | (190) | — | (11,364) | ||
| Foreign currency translation adjustments, net of tax | — | — | — | (17,174) | — | (17,174) | — | — | (17,174) | ||
| Equity in income of equity method investees | — | — | — | (53) | — | (53) | — | (53) | |||
| Equity-based compensation | — | — | 170 | — | — | 170 | 774 | — | 944 | ||
| Changes in scope of consolidation | — | — | — | — | — | — | 3,257 | — | 3,257 | ||
| Balance as of September 30, 2023 | 109,505,150 | $11 | $1,667,037 | $(89,355) | $(295,690) | $1,282,003 | $80,590 | $— | $1,362,593 | ||
| Balance as of January 1, 2024 | 109,505,150 | $11 | $1,667,246 | $(54,824) | $(363,292) | $1,249,141 | $56,906 | $— | $1,306,047 |
|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | — | — | — | — | 6,192 | 6,192 | (56) | — | 6,136 |
| Foreign currency translation adjustments, net of tax | — | — | — | (28,689) | — | (28,689) | — | — | (28,689) |
| Equity in income of equity method investees | — | — | — | (9) | — | (9) | — | — | (9) |
| Equity-based compensation | — | — | 1,121 | — | — | 1,121 | 472 | — | 1,593 |
| Changes in scope of consolidation | — | — | — | — | — | — | (3,861) | — | (3,861) |
| Balance as of March 31, 2024 | 109,505,150 | 11 | 1,668,367 | (83,522) | (357,100) | 1,227,756 | 53,461 | — | 1,281,217 |
| Net income (loss) | — | — | — | — | (76,885) | (76,885) | 137 | — | (76,748) |
| Foreign currency translation adjustments, net of tax | — | — | — | (20,486) | — | (20,486) | — | — | (20,486) |
| Issuance of common stock through initial public offering | 15,000,000 | 2 | 281,735 | — | — | 281,737 | — | — | 281,737 |
| Issuance of common stock through private placement | 2,380,952 | 0 | 50,000 | — | — | 50,000 | — | — | 50,000 |
| Equity-based compensation1 | — | — | 53,224 | — | — | 53,224 | 225 | — | 53,449 |
| Balance as of June 30, 2024 | 126,886,102 | $13 | $2,053,326 | $(104,008) | $(433,985) | $1,515,346 | $53,823 | $— | $1,569,169 |
| Net income (loss) | — | — | — | — | 19,753 | 19,753 | 89 | — | 19,842 |
| Foreign currency translation adjustments, net of tax | — | — | — | 39,570 | — | 39,570 | — | — | 39,570 |
| Issuance of common stock | 1,427,042 | 0 | 27,533 | — | — | 27,533 | — | — | 27,533 |
| Equity in income of equity method investees | — | — | — | (140) | — | (140) | — | — | (140) |
| Equity-based compensation1 | — | — | 12,652 | — | — | 12,652 | 234 | — | 12,886 |
| Balance as of September 30, 2024 | 128,313,144 | $13 | $2,093,511 | $(64,578) | $(414,232) | $1,614,714 | $54,146 | $— | $1,668,860 |
During the nine months ended September 30, 2024, the Company recorded a dividend of$17.3 million as a reduction in additional paid-in capital for stock options granted to NAVER's employees who did not provide services to the Company (See Note 1. Description of Business and Summary of Significant Accounting Policies for the definitions of the Company and NAVER).
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.