Dolphin Entertainment, Inc. (DLPN) Financial Statements (2024 and earlier)

Company Profile

Business Address 150 ALHAMBRA CIRCLE
CORAL GABLES, FL 33134
State of Incorp. FL
Fiscal Year End December 31
Industry (SIC) 72 - Personal Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,0707,6897,9232,1965,5425,297
Cash and cash equivalents6,0707,6897,9232,1965,5425,297
Restricted cash and investments1,128542714714732 
Receivables6,1624,5135,0273,5813,1733,701
Other current assets524404232373621422
Other undisclosed current assets9,9805,093    
Total current assets:23,86418,24113,8966,86410,0699,420
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    
Operating lease, right-of-use asset7,3416,1297,1067,436
Property, plant and equipment2934748001,0371,1831,111
Intangible assets, net (including goodwill)39,19826,16327,08026,31025,31821,286
Goodwill29,31420,02119,62817,94815,92312,779
Intangible assets, net (excluding goodwill)9,8846,1427,4528,3629,3958,507
Regulated entity, other noncurrent assets      
Other noncurrent assets2,4781,234    
Other undisclosed noncurrent assets2,2025034699251,4211,781
Total noncurrent assets:51,51334,50435,45635,70727,92124,178
TOTAL ASSETS:75,37752,74549,35242,57237,99033,597
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,1685,1895,8335,1553,5691,097
Interest and dividends payable1,6212,0181,698  
Employee-related liabilities2,6252,6252,6252,625 
Accounts payable4,7989421,1908329441,097
Accrued liabilities4,370     
Deferred revenue   1,855310
Debt   1,7473,3112,4123,987
Business combination, contingent consideration, liability 500600    
Other liabilities7,6276,8811,8115,3747,2396,488
Due to related parties  1,1081,1081,1081,709
Contract with customer, liability523
Other undisclosed current liabilities7,9932,3144,4987,2337,0876,845
Total current liabilities:25,28814,98316,85322,49121,93720,126
Noncurrent Liabilities
Long-term debt and lease obligation 8,4716,0026,3917,460612600
Long-term debt, excluding current maturities 2,4598694271,074612600
Finance lease, liability 6,0125,133  
Liabilities, other than long-term debt8544,7921,0809001,5841,629
Deferred tax liabilities, net 188
Deferred income tax liabilities253   
Due to related parties 1,108    
Other liabilities19 5505701,034 
Operating lease, liability   5,9646,386
Business combination, contingent consideration, liability 2393,684530330550 
Derivative instruments and hedges, liabilities 344    1,442
Other undisclosed noncurrent liabilities6,6734,0335,3602,0323,0795,166
Total noncurrent liabilities:15,99814,82712,83110,3925,2767,395
Total liabilities:41,28629,81029,68332,88327,21327,521
Equity
Equity, attributable to parent34,09122,93519,6699,68910,7776,076
Preferred stock111111
Common stock18512099268212158
Additional paid in capital143,119127,248117,541105,444105,09398,817
Accumulated deficit(109,214)(104,434)(97,972)(96,024)(94,529)(92,900)
Total equity:34,09122,93519,6699,68910,7776,076
TOTAL LIABILITIES AND EQUITY:75,37752,74549,35242,57237,99033,597

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues40,50635,72724,05425,00222,55122,413
Revenue, net5,954
Cost of revenue(3,566)(3,879)(2,577)(5,044)(2,177)(4,639)
Other undisclosed gross profit(36,939)(28,848)(18,478)(16,958)(17,374) 
Gross profit:03,0003,0003,0003,00017,774
Operating expenses(45,081)(41,208)(26,611)(29,087)(26,700)(23,518)
Other undisclosed operating income40,50632,72721,05422,00219,5514,639
Operating loss:(4,575)(5,481)(2,557)(4,085)(4,149)(1,105)
Nonoperating income (expense)219(944)4802,4741458,356
Investment income, nonoperating   (1,485)   
Debt instrument, convertible, beneficial conversion feature    293123 
Other nonoperating income    3,6801,195 
Interest and debt expense(18)2,9893,311712(53)(1,595)
Other undisclosed income from continuing operations before equity method investments, income taxes18     
Income (loss) from continuing operations before equity method investments, income taxes:(4,356)(3,436)1,235(900)(4,057)5,656
Other undisclosed income (loss) from continuing operations before income taxes(177)(2,989)(3,311)(712)531,595
Income (loss) from continuing operations before income taxes:(4,533)(6,425)(2,076)(1,612)(4,004)7,251
Income tax expense (benefit) (37)1374181,091(339)
Income (loss) from continuing operations:(4,533)(6,462)(1,939)(1,193)(2,913)6,913
Income (loss) before gain (loss) on sale of properties:(6,462)(1,939)(1,193)(2,913)6,913
Net income (loss):(4,533)(6,462)(1,939)(1,193)(2,913)6,913
Other undisclosed net loss attributable to parent(247)     
Net income (loss) attributable to parent:(4,780)(6,462)(1,939)(1,193)(2,913)6,913
Other undisclosed net loss available to common stockholders, basic    (302)(158) 
Net income (loss) available to common stockholders, basic:(4,780)(6,462)(1,939)(1,495)(3,071)6,913
Interest on convertible debt39     
Other undisclosed net loss available to common stockholders, diluted   (1,745)(2,881)(617) 
Net income (loss) available to common stockholders, diluted:(4,741)(6,462)(3,685)(4,376)(3,688)6,913

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(4,533)(6,462)(1,939)(1,193)(2,913)6,913
Comprehensive income (loss), net of tax, attributable to parent:(4,533)(6,462)(1,939)(1,193)(2,913)6,913

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.

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