Chicken Soup for the Soul Entertainment Inc. (CSSE) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
132 E. PUTNAM AVE COS COB, CT 06807 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7819 - Services Allied to Motion Picture Production (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 44,286 | 14,733 | 6,447 | 6,452 | |||||
| Cash and cash equivalents | 44,286 | 14,733 | 6,447 | 6,452 | |||||
| Restricted cash and investments | 750 | ||||||||
| Receivables | (7,987) | (1,278) | (787) | (1,036) | |||||
| Inventory, net of allowances, customer advances and progress billings | 312 | 262 | |||||||
| Inventory | 312 | 262 | |||||||
| Total current assets: | (7,987) | (1,278) | 43,499 | 13,697 | 6,759 | 7,464 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 10,721 | 16,315 | ✕ | ||||||
| Property, plant and equipment | 23,710 | 25,148 | |||||||
| Intangible assets, net (including goodwill), including: | 35,938 | 305,426 | 79,973 | 52,983 | 56,900 | 5,509 | |||
| Goodwill | 120,494 | 260,748 | 39,987 | 21,448 | 21,448 | 2,537 | |||
| Intangible assets, net (excluding goodwill) | 120,500 | 260,748 | 39,987 | 31,534 | 35,452 | 2,972 | |||
| Other undisclosed intangible assets, net (including goodwill) | (205,056) | (216,070) | |||||||
| Total noncurrent assets: | 70,369 | 346,889 | 79,973 | 52,983 | 56,900 | 5,509 | |||
| Other undisclosed assets | 359,918 | 538,268 | 121,954 | 89,601 | 104,006 | 65,374 | |||
| TOTAL ASSETS: | 422,301 | 883,879 | 245,426 | 156,281 | 167,665 | 78,347 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 34,588 | 18,799 | 6,197 | 2,500 | 3,200 | 1,000 | |||
| Total current liabilities: | 34,588 | 18,799 | 6,197 | 2,500 | 3,200 | 1,000 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 511,617 | 460,855 | 49,079 | 39,757 | 16,810 | 3,500 | |||
| Long-term debt, excluding current maturities | 511,617 | 460,855 | 49,079 | 39,757 | 16,810 | 3,500 | |||
| Liabilities, other than long-term debt | 72,819 | 63,196 | 11,406 | 4,697 | 7,301 | ||||
| Program rights obligations | 67,574 | 55,884 | 1,641 | 4,697 | 7,301 | ||||
| Business combination, contingent consideration, liability | 5,245 | 7,312 | 9,764 | ||||||
| Total noncurrent liabilities: | 584,437 | 524,051 | 60,484 | 44,454 | 24,111 | 3,500 | |||
| Other undisclosed liabilities | 306,838 | 261,282 | 87,146 | 44,225 | 49,333 | 12,837 | |||
| Total liabilities: | 925,863 | 804,131 | 153,827 | 91,179 | 76,645 | 17,337 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (503,406) | 79,317 | 90,947 | 28,546 | 54,283 | 61,010 | |||
| Preferred stock | 1 | 0 | 0 | 0 | 0 | 0 | |||
| Treasury stock, value | (28,166) | (28,166) | (13,202) | (633) | (633) | (633) | |||
| Additional paid in capital | 409,151 | 355,185 | 240,609 | 106,426 | 87,610 | 59,361 | |||
| Accumulated other comprehensive income (loss) | (92) | 48 | 1 | ||||||
| Retained earnings (accumulated deficit) | (884,304) | (247,752) | (136,462) | (77,248) | (32,696) | 2,281 | |||
| Other undisclosed equity, attributable to parent | 3 | 2 | 2 | 1 | 1 | 1 | |||
| Equity, attributable to noncontrolling interest | (155) | 431 | 652 | 36,555 | 36,738 | ||||
| Total equity: | (503,562) | 79,748 | 91,599 | 65,102 | 91,021 | 61,010 | |||
| TOTAL LIABILITIES AND EQUITY: | 422,301 | 883,879 | 245,426 | 156,281 | 167,665 | 78,347 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 294,407 | 252,810 | 110,395 | 66,357 | 55,364 | 26,860 | ||
| Cost of revenue | (686,567) | (229,398) | (79,139) | (52,140) | (40,424) | (12,346) | ||
| Cost of goods and services sold | (305,560) | (215,821) | (79,139) | (52,140) | (40,424) | (2,667) | ||
| Gross profit: | (392,160) | 23,412 | 31,257 | 14,217 | 14,940 | 14,514 | ||
| Operating expenses | (164,241) | (140,081) | (77,218) | (58,474) | (41,072) | (13,739) | ||
| Operating income (loss): | (556,401) | (116,669) | (45,962) | (44,257) | (26,131) | 775 | ||
| Nonoperating income | 3,842 | 5,259 | 379 | 6,254 | 40 | 39 | ||
| Investment income, nonoperating | 40 | 39 | ||||||
| Other nonoperating income | 3,842 | 5,259 | 379 | 6,254 | ||||
| Interest and debt expense | (76,111) | (27,840) | (4,831) | (2,391) | (1,162) | (388) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (628,671) | (139,250) | (50,414) | (40,394) | (27,253) | 426 | ||
| Other undisclosed loss from continuing operations before income taxes | (99) | (3,968) | (397) | |||||
| Income (loss) from continuing operations before income taxes: | (628,671) | (139,250) | (50,414) | (40,493) | (31,221) | 29 | ||
| Income tax expense (benefit) | 5,703 | 37,301 | (66) | (99) | (585) | (874) | ||
| Loss from continuing operations: | (622,968) | (101,949) | (50,480) | (40,592) | (31,806) | (845) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (50,480) | (40,592) | (31,806) | (845) | |
| Net loss: | (622,968) | (101,949) | (50,480) | (40,592) | (31,806) | (845) | ||
| Net income attributable to noncontrolling interest | 182 | 134 | ||||||
| Other undisclosed net income attributable to parent | 452 | 405 | 73 | |||||
| Net loss attributable to parent: | (622,516) | (101,544) | (50,406) | (40,410) | (31,672) | (845) | ||
| Preferred stock dividends and other adjustments | (14,036) | (9,746) | (9,014) | (4,142) | (3,305) | (1,113) | ||
| Net loss available to common stockholders, diluted: | (636,551) | (111,290) | (59,420) | (44,552) | (34,977) | (1,958) | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (622,968) | (101,949) | (50,480) | (40,592) | (31,806) | (845) | ||
| Other comprehensive income (loss) | (273) | (39) | 1 | |||||
| Other undisclosed comprehensive loss | ||||||||
| Comprehensive loss: | (623,241) | (101,988) | (50,478) | (40,592) | (31,806) | (845) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 134 | (39) | (1) | 182 | 134 | |||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 126 | |||||||
| Comprehensive loss, net of tax, attributable to parent: | (623,107) | (101,902) | (50,479) | (40,410) | (31,672) | (845) | ||
Statements Sources
The financial statements are based on the Company's filings with 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.