Funko Inc
For the period ended Dec 31, 2024. Filed Mar 13, 2025.
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FY2024 · Filed Mar 13, 2025
FNKO$7.24+1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| (in thousands) | |||
| Operating Activities | |||
| Net loss | $(15,070) | $(164,438) | $(5,240) |
| Adjustments to reconcile net income to net cash (used in) provided byoperating activities: | |||
| Depreciation and amortization | 62,583 | 57,389 | 47,919 |
| Equity-based compensation | 13,602 | 10,534 | 16,591 |
| Loss on debt extinguishment | — | 494 | — |
| Gain on tax receivable agreement liability adjustment | — | (100,223) | — |
| Deferred tax (benefit) expense | (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 | — | (5,364) | (19,479) |
| Sale of Funko Games inventory and certain intellectual property | 6,754 | — | — |
| 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 | — | — | 20,000 |
| Payment of long-term debt | (31,104) | (22,581) | (18,000) |
| Distributions to continuing equity owners | — | (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 | — | 30,034 |
| Issuance of equity instruments for acquisitions | — | — | 1,487 |
| Tenant allowance | — | — | 17,236 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.