Chicken Soup for the Soul Entertainment, Inc. (CSSE) financial statements (2022 and earlier)

Company profile

Business Address 132 E. PUTNAM AVE
COS COB, CT 06807
State of Incorp. DE
Fiscal Year End December 31
SIC 7819 - Services Allied to Motion Picture Production (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments44,28614,7336,4476,4522,172
Cash and cash equivalents44,28614,7336,4476,4522,172
Restricted cash and investments   750 
Receivables(787)(1,036)   
Inventory, net of allowances, customer advances and progress billings  312262369
Inventory  312262369
Total current assets:43,49913,6976,7597,4642,541
Noncurrent Assets
Intangible assets, net (including goodwill)79,97352,98356,9005,5095,000
Goodwill39,98721,44821,4482,537 
Intangible assets, net (excluding goodwill)39,98731,53435,4522,9725,000
Total noncurrent assets:79,97352,98356,9005,5095,000
Other undisclosed assets121,95489,601104,00665,37454,202
TOTAL ASSETS:245,426156,281167,66578,34761,743
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt6,1972,5003,2001,000 
Total current liabilities:6,1972,5003,2001,000 
Noncurrent Liabilities
Long-term debt and lease obligation49,07939,75716,8103,500 
Long-term debt, excluding current maturities49,07939,75716,8103,500 
Liabilities, other than long-term debt11,4064,6977,301  
Program rights obligations1,6414,6977,301  
Business combination, contingent consideration, liability9,764    
Total noncurrent liabilities:60,48444,45424,1113,500 
Other undisclosed liabilities87,14644,22549,33312,8377,079
Total liabilities:153,82791,17976,64517,3377,079
Stockholders' equity
Stockholders' equity attributable to parent, including:90,94728,54654,28361,01054,664
Preferred stock0000 
Treasury stock, value(13,202)(633)(633)(633) 
Additional paid in capital240,609106,42687,61059,36132,325
Accumulated other comprehensive income1    
Retained earnings (accumulated deficit)(136,462)(77,248)(32,696)2,28122,339
Other undisclosed stockholders' equity attributable to parent21111
Stockholders' equity attributable to noncontrolling interest65236,55536,738  
Total stockholders' equity:91,59965,10291,02161,01054,664
TOTAL LIABILITIES AND EQUITY:245,426156,281167,66578,34761,743

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues110,39566,35755,36426,86010,979
Revenue, net10,657
Cost of revenue(79,139)(52,140)(40,424)(12,346)(4,736)
Cost of goods and services sold(79,139)(52,140)(40,424)(2,667)(1,066)
Other undisclosed gross profit    (322)
Gross profit:31,25714,21714,94014,5145,921
Operating expenses(77,218)(58,474)(41,072)(13,739)(4,263)
Operating income (loss):(45,962)(44,257)(26,131)7751,658
Nonoperating income3796,254403924,333
Investment income, nonoperating  403924,333
Other nonoperating income3796,254   
Interest and debt expense(4,831)(2,391)(1,162)(388)(1,190)
Income (loss) from continuing operations before equity method investments, income taxes:(50,414)(40,394)(27,253)42624,801
Other undisclosed loss from continuing operations before income taxes (99)(3,968)(397)(2,193)
Income (loss) from continuing operations before income taxes:(50,414)(40,493)(31,221)2922,607
Income tax expense (benefit)(66)(99)(585)(874)182
Net income (loss):(50,480)(40,592)(31,806)(845)22,789
Net income attributable to noncontrolling interest 182134  
Other undisclosed net income attributable to parent73    
Net income (loss) attributable to parent:(50,406)(40,410)(31,672)(845)22,789
Preferred stock dividends and other adjustments(9,014)(4,142)(3,305)(1,113) 
Net income (loss) available to common stockholders, diluted:(59,420)(44,552)(34,977)(1,958)22,789

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(50,480)(40,592)(31,806)(845)22,789
Other comprehensive income1    
Comprehensive income (loss):(50,478)(40,592)(31,806)(845)22,789
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)182134  
Comprehensive income (loss), net of tax, attributable to parent:(50,479)(40,410)(31,672)(845)22,789

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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