PLBY Group Inc
For the period ended Dec 31, 2023. Filed Mar 29, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 29, 2024
PLBY$1.27+4.1%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
Consolidated Statements of Cash Flows
(in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash Flows From Operating Activities | ||
| Net loss | $(180,418) | $(277,704) |
| Net loss from continuing operations | $(186,448) | $(250,691) |
| Income (loss) from discontinued operations, net of tax | $6,030 | $(27,013) |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||
| Depreciation and amortization | 7,199 | 12,721 |
| Stock-based compensation | 9,597 | 20,540 |
| Fair value remeasurement of liabilities | (6,941) | (38,574) |
| Loss on extinguishment of debt | (6,133) | 1,266 |
| Impairments | 154,884 | 283,500 |
| Amortization of right of use assets | 5,642 | 5,439 |
| Deferred income taxes | (18,039) | (62,818) |
| Inventory reserves | 6,935 | 3,095 |
| Gain on sale of aircraft | — | (5,689) |
| Capitalized paid-in-kind interest | 1,848 | — |
| Other, net | 3,815 | 101 |
| Changes in operating assets and liabilities: | ||
| Receivables, net | 6,570 | (925) |
| Inventories | (469) | (1,069) |
| Contract assets | (1,228) | 1,153 |
| Prepaid expenses and other assets | 7,518 | (2,149) |
| Accounts payable | 512 | (801) |
| Accrued agency fees and commissions | (6,884) | 4,424 |
| Deferred revenues | (18,082) | (20,546) |
| Operating lease liabilities | (6,102) | (6,397) |
| Other, net | 3,018 | (6,622) |
| Net cash used in operating activities - continuing operations | (42,788) | (64,042) |
| Net cash (used in) provided by operating activities - discontinued operations | (503) | 4,608 |
| Net cash used in operating activities | (43,291) | (59,434) |
| Cash Flows From Investing Activities | ||
| Purchases of property and equipment | (3,547) | (7,425) |
| Net proceeds from sale of aircraft | — | 16,802 |
| Proceeds from promissory note repayment | 1,290 | — |
| Proceeds from sale of Yandy | 1,000 | — |
| Proceeds from sale of TLA | 14,317 | — |
| Net cash provided by investing activities - continuing operations | 13,060 | 9,377 |
| Net cash used in investing activities - discontinued operations | (109) | (624) |
| Net cash provided by investing activities | 12,951 | 8,753 |
| Cash Flows From Financing Activities | ||
| Proceeds from issuance of common stock in rights offering, net | 47,602 | — |
| Proceeds from issuance of common stock in registered direct offering, net | 13,890 | — |
| Net proceeds from issuance of preferred stock | — | 48,250 |
| Settlement of the performance holdback contingent consideration | — | (151) |
| Repayment of long-term debt | (45,628) | (35,964) |
| Proceeds from issuance of long-term debt | 11,828 | — |
| Payment of financing costs | (508) | (2,500) |
| Purchase of treasury stock | (1,000) | — |
| Proceeds from exercise of stock options | — | 1,924 |
| Net cash provided by financing activities - continuing operations | 26,184 | 11,559 |
| Effect of exchange rate changes on cash and cash equivalents | 208 | (740) |
| Net decrease in cash and cash equivalents and restricted cash | (3,948) | (39,862) |
| Balance, beginning of year | 35,624 | 75,486 |
| Balance, end of year | $31,676 | $35,624 |
| Cash and cash equivalents and restricted cash consist of: | ||
| Cash and cash equivalents | $28,120 | $31,815 |
| Restricted cash | 3,556 | 3,809 |
| Total | $31,676 | $35,624 |
| The accompanying notes are an integral part of these consolidated financial statements. | ||
| PLBY Group, Inc. | ||
|---|---|---|
| Consolidated Statements of Cash Flows (continued) | ||
| (in thousands) | ||
| Year Ended December 31, | ||
| 2023 | 2022 | |
| Supplemental Disclosures | ||
| Cash (refunded) paid for income taxes | $(1,753) | $5,327 |
| Cash paid for interest | $17,258 | $15,546 |
| Supplemental Disclosure of Non-cash Activities | ||
| Capitalized stock-based compensation expense | $1,735 | $2,014 |
| Purchases of property and equipment | $596 | $379 |
| Reclassification of the fair value of the lock-up shares contingent consideration relating to the acquisition of Honey Birdette | $— | $4,814 |
| Right-of-use assets in exchange for lease liabilities - continuing operations | $4,540 | $6,209 |
| Right-of-use assets in exchange for lease liabilities - discontinued operations | $1,018 | $5,750 |
| Shares issued pursuant to a license, services and collaboration agreement | $— | $237 |
| Shares issued in connection with asset purchase | $— | $1,333 |
| Shares issued in connection with the settlement of the performance holdback contingent consideration relating to the acquisition of GlowUp | $— | $260 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.