Cinedigm Corp (CIDM) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
224 W. 35TH ST. NEW YORK, NY 10001 |
| State of Incorp. | DE |
| Fiscal Year End | March 31 |
| Industry (SIC) | 7841 - Video Tape Rental (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2023 MRQ | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 7,152 | 13,062 | 16,849 | 14,294 | 17,872 | 17,952 | |||
| Cash and cash equivalents | 7,152 | 13,062 | 16,849 | 14,294 | 17,872 | 17,952 | |||
| Receivables | 20,846 | 34,238 | 21,093 | 35,294 | 38,168 | 42,587 | |||
| Inventory, net of allowances, customer advances and progress billings | 207 | 116 | 166 | 582 | 673 | 792 | |||
| Inventory | 207 | 116 | 166 | 582 | 673 | 792 | |||
| Prepaid expense | 1,107 | 3,106 | 7,891 | 5,143 | 5,720 | ||||
| Intangible current assets | 841 | ||||||||
| Other current assets | |||||||||
| Other undisclosed current assets | 8,265 | 800 | 5,034 | 3,001 | 3,023 | 7,117 | |||
| Total current assets: | 37,577 | 52,163 | 43,142 | 61,062 | 64,879 | 74,168 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 749 | 100 | 1,210 | ✕ | ✕ | ||||
| Property, plant and equipment | 1,833 | 1,980 | 3,500 | 7,967 | 14,047 | 21,483 | |||
| Long-term investments and receivables | 5,200 | 7,028 | 6,443 | 143 | 526 | 1,177 | |||
| Long-term investments | 5,200 | 7,028 | 6,443 | ||||||
| Accounts and financing receivable, after allowance for credit loss | 143 | 526 | 1,177 | ||||||
| Intangible assets, net (including goodwill) | 40,692 | 41,118 | 18,561 | 15,625 | 18,387 | 23,354 | |||
| Goodwill | 20,824 | 21,084 | 8,701 | 8,701 | 8,701 | 8,701 | |||
| Intangible assets, net (excluding goodwill) | 19,868 | 20,034 | 9,860 | 6,924 | 9,686 | 14,653 | |||
| Regulated entity, other noncurrent assets | |||||||||
| Other noncurrent assets | 2,686 | 1,598 | 2,700 | ||||||
| Other undisclosed noncurrent assets | 1,000 | 24,433 | 1,000 | 1,000 | |||||
| Total noncurrent assets: | 50,411 | 52,473 | 32,304 | 49,378 | 33,960 | 47,014 | |||
| TOTAL ASSETS: | 87,988 | 104,636 | 75,446 | 110,440 | 98,839 | 121,182 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 34,531 | 52,025 | 46,627 | 77,085 | 68,707 | 69,225 | |||
| Interest and dividends payable | ✕ | ✕ | 10 | 954 | 96 | 130 | |||
| Taxes payable | ✕ | ✕ | 453 | 322 | 352 | ||||
| Employee-related liabilities | ✕ | ✕ | 1,237 | 3,098 | 2,276 | ||||
| Accounts payable | 15,042 | 34,177 | 30,111 | 50,708 | 38,393 | 35,032 | |||
| Accrued liabilities | 2,532 | 3,053 | 23,733 | 26,798 | 30,930 | ||||
| Other undisclosed accounts payable and accrued liabilities | 16,957 | 17,848 | 13,453 | 505 | |||||
| Deferred revenue | 226 | 196 | 924 | 1,645 | ✕ | ✕ | |||
| Debt | 4,924 | 49,284 | 43,319 | 5,287 | |||||
| Business combination, contingent consideration, liability | 1,444 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,821 | ||
| Other undisclosed current liabilities | 4,206 | 4,771 | 9,829 | 1,687 | |||||
| Total current liabilities: | 45,331 | 56,992 | 57,380 | 128,014 | 113,713 | 76,333 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 491 | 2,165 | 684 | 19,132 | 63,005 | ||||
| Long-term debt, excluding current maturities | 2,152 | 19,132 | 63,005 | ||||||
| Liabilities, other than long-term debt, including: | 937 | 561 | 19 | 1,029 | 205 | 4,148 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 3,842 | ||
| Deferred revenue | 5,600 | 919 | ✕ | ✕ | |||||
| Other liabilities | 74 | 19 | 110 | 205 | 306 | ||||
| Operating lease, liability | 863 | 491 | 13 | 684 | ✕ | ✕ | |||
| Business combination, contingent consideration, liability | 603 | ||||||||
| Other undisclosed liabilities, other than long-term debt | (5,642) | ||||||||
| Other undisclosed noncurrent liabilities | 2,647 | 5,642 | 2,357 | ||||||
| Total noncurrent liabilities: | 3,584 | 6,694 | 2,184 | 1,713 | 21,694 | 67,153 | |||
| Total liabilities: | 48,915 | 63,686 | 59,564 | 129,727 | 135,407 | 143,486 | |||
| Equity | |||||||||
| Equity, attributable to parent | 40,337 | 42,253 | 17,244 | (18,010) | (35,281) | (21,049) | |||
| Preferred stock | 3,559 | 3,559 | 3,559 | 3,559 | 3,559 | 3,559 | |||
| Common stock | 185 | 174 | 164 | 62 | 36 | 35 | |||
| Treasury stock, value | (11,608) | (11,608) | (11,603) | (11,603) | (11,603) | (11,603) | |||
| Additional paid in capital | 530,998 | 522,601 | 499,272 | 400,784 | 368,531 | 366,223 | |||
| Accumulated other comprehensive income (loss) | (402) | (163) | (68) | 92 | 10 | (38) | |||
| Accumulated deficit | (482,395) | (472,310) | (474,080) | (410,904) | (395,814) | (379,225) | |||
| Equity, attributable to noncontrolling interest | (1,264) | (1,303) | (1,362) | (1,277) | (1,287) | (1,255) | |||
| Total equity: | 39,073 | 40,950 | 15,882 | (19,287) | (36,568) | (22,304) | |||
| TOTAL LIABILITIES AND EQUITY: | 87,988 | 104,636 | 75,446 | 110,440 | 98,839 | 121,182 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2023 TTM | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 68,026 | 56,054 | 31,419 | 39,291 | 53,534 | 67,683 | ||
| Cost of revenue | (813) | (16,103) | (17,146) | (16,120) | (19,523) | |||
| Cost of goods and services sold | (16,103) | (17,146) | (16,120) | (19,523) | ||||
| Other undisclosed gross profit | ||||||||
| Gross profit: | 68,026 | 55,241 | 15,316 | 22,145 | 37,414 | 48,160 | ||
| Operating expenses | (76,946) | (56,979) | (44,892) | (43,640) | (59,152) | (66,960) | ||
| Other undisclosed operating income (loss) | 813 | 16,103 | 17,146 | 16,120 | 19,523 | |||
| Operating income (loss): | (8,920) | (925) | (13,473) | (4,349) | (5,618) | 723 | ||
| Nonoperating income (expense) | (13) | 1 | (681) | (1,207) | (96) | (120) | ||
| Investment income, nonoperating | 1 | 157 | ||||||
| Other nonoperating expense | (13) | (681) | (1,207) | (96) | (277) | |||
| Interest and debt expense | (1,290) | 1,822 | (5,585) | (7,258) | (10,292) | (18,754) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (10,223) | 898 | (19,739) | (12,814) | (16,006) | (18,151) | ||
| Income from equity method investments | 585 | |||||||
| Other undisclosed income (loss) from continuing operations before income taxes | 648 | (43,481) | (1,597) | 36 | 57 | |||
| Income (loss) from continuing operations before income taxes: | (9,575) | 1,483 | (63,220) | (14,411) | (15,970) | (18,094) | ||
| Income tax expense (benefit) | (119) | 788 | 315 | (313) | (295) | (401) | ||
| Income (loss) from continuing operations: | (9,694) | 2,271 | (62,905) | (14,724) | (16,265) | (18,495) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 2,138 | (62,905) | (14,724) | (16,265) | (18,495) | |
| Loss from discontinued operations | (133) | |||||||
| Other undisclosed net income | 133 | |||||||
| Net income (loss): | (9,694) | 2,271 | (62,905) | (14,724) | (16,265) | (18,495) | ||
| Net income (loss) attributable to noncontrolling interest | (39) | (59) | (10) | 32 | 41 | |||
| Other undisclosed net income attributable to parent | 39 | 59 | 85 | |||||
| Net income (loss) attributable to parent: | (9,694) | 2,271 | (62,820) | (14,734) | (16,233) | (18,454) | ||
| Other undisclosed net loss available to common stockholders, basic | (391) | (501) | (356) | (356) | (356) | (356) | ||
| Net income (loss) available to common stockholders, diluted: | (10,085) | 1,770 | (63,176) | (15,090) | (16,589) | (18,810) | ||
Comprehensive Income ($ in thousands)
| 12/31/2023 TTM | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (9,694) | 2,271 | (62,905) | (14,724) | (16,265) | (18,495) | ||
| Other comprehensive income | 82 | 48 | ||||||
| Other undisclosed comprehensive income (loss) | (95) | (160) | ||||||
| Comprehensive income (loss): | (9,694) | 2,176 | (63,065) | (14,642) | (16,217) | (18,495) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (39) | (118) | 85 | (10) | 32 | 41 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (240) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (9,973) | 2,058 | (62,980) | (14,652) | (16,185) | (18,454) | ||
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.