PLBY Group Inc
For the period ended Dec 31, 2024. Filed Mar 13, 2025.
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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.
FY2024 · Filed Mar 13, 2025
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, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash Flows From Operating Activities | ||
| Net loss | $(79,397) | $(180,418) |
| Net loss from continuing operations | $(79,397) | $(186,448) |
| Income from discontinued operations, net of tax | $— | $6,030 |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||
| Depreciation and amortization | 7,007 | 7,199 |
| Stock-based compensation | 7,311 | 9,597 |
| Fair value remeasurement of liabilities | 114 | (6,941) |
| Loss on extinguishment of debt | — | (6,133) |
| Impairments | 26,078 | 154,884 |
| Amortization of right of use assets | 7,037 | 5,642 |
| Deferred income taxes | 968 | (18,039) |
| Inventory reserves | (1,056) | 6,935 |
| Amortization of debt premium/discount and issuance costs | 2,706 | 3,242 |
| Capitalized paid-in-kind interest | 6,971 | 1,848 |
| Other, net | 1,139 | 573 |
| Changes in operating assets and liabilities: | ||
| Receivables, net | 994 | 6,570 |
| Inventories | 4,587 | (469) |
| Contract assets | 884 | (1,228) |
| Prepaid expenses and other assets | 2,124 | 7,518 |
| Accounts payable | (3,336) | 512 |
| Accrued agency fees and commissions | (215) | (6,884) |
| Other liabilities and accrued expenses | 2,022 | 1,847 |
| Deferred revenues | 1,702 | (18,082) |
| Operating lease liabilities | (7,892) | (6,102) |
| Other, net | 1,113 | 1,171 |
| Net cash used in operating activities - continuing operations | (19,139) | (42,788) |
| Net cash used in operating activities - discontinued operations | — | (503) |
| Net cash used in operating activities | (19,139) | (43,291) |
| Cash Flows From Investing Activities | ||
| Purchases of property and equipment | (2,262) | (3,547) |
| Proceeds from sale of artwork | 1,944 | — |
| Proceeds from promissory note repayment | — | 1,290 |
| Proceeds from sale of Yandy | — | 1,000 |
| Proceeds from sale of TLA | — | 14,317 |
| Net cash (used in) provided by investing activities - continuing operations | (318) | 13,060 |
| Net cash used in investing activities - discontinued operations | — | (109) |
| Net cash (used in) provided by investing activities | (318) | 12,951 |
| Cash Flows From Financing Activities | ||
| Proceeds from issuance of common stock in private placement, net | 22,249 | — |
| 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 |
| Repayment of long-term debt | (228) | (45,628) |
| Proceeds from issuance of long-term debt | — | 11,828 |
| Payment of financing costs | — | (508) |
| Purchase of treasury stock | — | (1,000) |
| Other | (426) | — |
| Net cash provided by financing activities - continuing operations | 21,595 | 26,184 |
| Effect of exchange rate changes on cash and cash equivalents | (492) | 208 |
| Net decrease in cash and cash equivalents and restricted cash | 1,646 | (3,948) |
| Balance, beginning of year | 31,676 | 35,624 |
| Balance, end of year | $33,322 | $31,676 |
| Cash and cash equivalents and restricted cash consist of: | ||
| Cash and cash equivalents | $30,904 | $28,120 |
| Restricted cash | 2,418 | 3,556 |
| Total | $33,322 | $31,676 |
| 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, | ||
| 2024 | 2023 | |
| Supplemental Disclosures | ||
| Cash paid (refunded) paid for income taxes | $2,046 | $(1,753) |
| Cash paid for interest | $13,033 | $17,258 |
| Supplemental Disclosure of Non-cash Activities | ||
| Exchange of debt for Series B convertible preferred stock | $23,044 | $— |
| Preferred stock accretion to redemption value | $817 | $— |
| Accrued financing fees | $250 | $— |
| Capitalized stock-based compensation expense | $— | $1,735 |
| Sale of artwork | $751 | $— |
| Purchases of property and equipment | $20 | $596 |
| Right-of-use assets in exchange for lease liabilities - continuing operations | $2,312 | $4,540 |
| Right-of-use assets in exchange for lease liabilities - discontinued operations | $— | $1,018 |
| The accompanying notes are an integral part of these consolidated financial statements. | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.