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
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments44,28666,94818,40424,57014,7339,2434,655
Cash and cash equivalents44,28666,94818,40424,57014,7339,2434,655
Receivables(787)(795)(779)(821)(1,036)(1,778) 
Total current assets:43,49966,15317,62523,74913,6977,4664,655
Noncurrent Assets
Operating lease, right-of-use asset     15,60015,800
Intangible assets, net (including goodwill)79,97372,42773,89351,77752,98342,02446,541
Goodwill39,98741,28741,27021,44821,44821,44821,448
Intangible assets, net (excluding goodwill)39,98731,14032,62430,32931,53420,57625,093
Total noncurrent assets:79,97372,42773,89351,77752,98357,62462,341
Other undisclosed assets121,954144,341142,69990,70589,60194,55588,247
TOTAL ASSETS:245,426282,920234,218166,231156,281159,645155,243
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt6,197   2,500 3,200
Total current liabilities:6,197   2,500 3,200
Noncurrent Liabilities
Long-term debt and lease obligation49,07955,22155,01137,39239,75733,75115,231
Long-term debt, excluding current maturities49,07955,22155,01137,39239,75733,75115,231
Liabilities, other than long-term debt11,4061,6411,8492,8044,6976,4166,416
Program rights obligations1,6411,6411,8492,8044,6976,4166,416
Business combination, contingent consideration, liability9,764      
Total noncurrent liabilities:60,48456,86356,86140,19644,45440,16721,647
Other undisclosed liabilities87,146101,928104,76346,03744,22554,22660,436
Total liabilities:153,827158,791161,62486,23291,17994,39385,283
Stockholders' equity
Stockholders' equity attributable to parent, including:90,947124,02172,49579,99928,54628,68533,320
Preferred stock0000000
Treasury stock, value(13,202)(633)(633)(633)(633)(633)(633)
Additional paid in capital240,609238,708170,441166,866106,42696,49988,084
Accumulated other comprehensive income1      
Accumulated deficit(136,462)(114,057)(97,315)(86,236)(77,248)(67,183)(54,133)
Other undisclosed stockholders' equity attributable to parent2211111
Stockholders' equity attributable to noncontrolling interest652109100 36,55536,56836,641
Total stockholders' equity:91,599124,13072,59579,99965,10265,25269,961
TOTAL LIABILITIES AND EQUITY:245,426282,920234,218166,231156,281159,645155,243

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues35,96729,09722,13523,19720,23119,36213,521
Cost of revenue
(Cost of Goods and Services Sold)
(24,606)(22,856)(15,434)(16,243)(14,455)(14,841)(12,934)
Gross profit:11,3616,2406,7016,9545,7764,521587
Operating expenses(30,424)(19,487)(14,516)(12,793)(15,645)(15,814)(13,646)
Operating loss:(19,063)(13,246)(7,814)(5,839)(9,869)(11,294)(13,059)
Nonoperating income
(Other Nonoperating income)
13210214511,873434,331
Interest and debt expense(1,297)(1,305)(1,141)(1,088)(899)(829)(334)
Loss from continuing operations before income taxes:(20,228)(14,449)(8,811)(6,926)(8,895)(12,079)(9,062)
Income tax expense(7)(30)(15)(14)(6)(26)(18)
Net loss:(20,235)(14,479)(8,826)(6,940)(8,901)(12,105)(9,080)
Net income (loss) attributable to noncontrolling interest9(9)  127344
Other undisclosed net income attributable to parent73      
Net loss attributable to parent:(20,152)(14,488)(8,826)(6,940)(8,889)(12,032)(9,036)
Preferred stock dividends and other adjustments(2,253)(2,253)(2,253)(2,253)(1,176)(1,018)(974)
Net loss available to common stockholders, diluted:(22,405)(16,742)(11,079)(9,193)(10,065)(13,050)(10,010)

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net loss:(20,235)(14,479)(8,826)(6,940)(8,901)(12,105)(9,080)
Other undisclosed comprehensive income1      
Comprehensive loss:(20,233)(14,479)(8,826)(6,940)(8,901)(12,105)(9,080)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest8(9)  127344
Comprehensive loss, net of tax, attributable to parent:(20,225)(14,488)(8,826)(6,940)(8,889)(12,032)(9,036)

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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