Cinedigm Corp (CIDM) financial statements (2022 and earlier)

Company profile

Business Address 237 WEST 35TH STREET
NEW YORK, NY 10001
State of Incorp. DE
Fiscal Year End March 31
SIC 7841 - Video Tape Rental (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20,20116,84914,29417,872 12,566
Cash and cash equivalents20,20116,84914,29417,872 12,566
Receivables29,78521,09335,29438,168 56,995
Inventory, net of allowances, customer advances and progress billings92166582673 1,137
Inventory92166582673 1,137
Prepaid expense  7,8915,143 9,091
Other undisclosed current assets8,6135,0343,0013,023 6,661
Total current assets:58,69143,14261,06264,879 86,450
Noncurrent Assets
Operating lease, right-of-use asset161001,210
Property, plant and equipment2,4383,5007,96714,047 33,138
Long-term investments and receivables7,8966,443143526 1,558
Long-term investments7,8966,443    
Accounts and financing receivable, after allowance for credit loss  143526 1,558
Intangible assets, net (including goodwill)29,33118,56115,62518,387 28,928
Goodwill13,6598,7018,7018,701 8,701
Intangible assets, net (excluding goodwill)15,6729,8606,9249,686 20,227
Deferred costs     260
Other noncurrent assets1,1822,700    
Other undisclosed noncurrent assets 1,00024,4331,000 1,000
Total noncurrent assets:40,86332,30449,37833,960 64,884
TOTAL ASSETS:99,55475,446110,44098,839 151,334
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:54,70646,62777,08568,707 73,679
Accounts payable 30,11150,70838,393 33,069
Accrued liabilities 3,05323,73326,798 37,531
Employee-related liabilities  1,2373,098 1,059
Taxes payable  453322 619
Interest and dividends payable 1095496 1,357
Other undisclosed accounts payable and accrued liabilities54,70613,453   44
Deferred revenue2859241,645
Debt1 49,28443,319 25,721
Business combination, contingent consideration, liability292     
Deferred revenue and credits 2,461
Other undisclosed current liabilities4889,829 1,687  
Total current liabilities:55,77157,380128,014113,713 101,861
Noncurrent Liabilities
Long-term debt and lease obligation 2,16568419,132 114,444
Long-term debt, excluding current maturities 2,152 19,132 114,444
Operating lease, liability 13684
Liabilities, other than long-term debt2,774191,029205 5,732
Deferred revenue and credits 5,324
Deferred revenue1,538 919
Other liabilities 19110205 408
Business combination, contingent consideration, liability1,236     
Other undisclosed noncurrent liabilities   2,357  
Total noncurrent liabilities:2,7742,1841,71321,694 120,176
Total liabilities:58,54559,564129,727135,407 222,037
Stockholders' equity
Stockholders' equity attributable to parent42,39417,244(18,010)(35,281) (69,489)
Preferred stock3,5593,5593,5593,559 3,559
Common stock1741646236 12
Treasury stock, value(11,608)(11,603)(11,603)(11,603)  
Additional paid in capital520,099499,272400,784368,531 287,393
Accumulated other comprehensive income (loss)(101)(68)9210 (38)
Accumulated deficit(469,729)(474,080)(410,904)(395,814) (360,415)
Stockholders' equity attributable to noncontrolling interest(1,385)(1,362)(1,277)(1,287) (1,214)
Total stockholders' equity:41,00915,882(19,287)(36,568) (70,703)
TOTAL LIABILITIES AND EQUITY:99,55475,446110,44098,839 151,334

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
Revenues39,06531,41939,29153,534 90,394
Cost of revenue
(Cost of Goods and Services Sold)
(17,101)(16,103)(17,146)(16,120) (25,121)
Gross profit:21,96415,31622,14537,414 65,273
Operating expenses(48,763)(44,892)(43,640)(59,152) (83,637)
Other undisclosed operating income17,10116,10317,14616,120 25,121
Operating income (loss):(9,698)(13,473)(4,349)(5,618) 6,757
Nonoperating income (expense)575(681)(1,207)(96) 2,708
Gain on contract termination     2,535
Other nonoperating income (expense)575(681)(1,207)(96) 31
Interest and debt expense2,029(5,585)(7,258)(10,292) (24,483)
Loss from continuing operations before equity method investments, income taxes:(7,094)(19,739)(12,814)(16,006) (15,018)
Other undisclosed income (loss) from continuing operations before income taxes(42,028)(43,481)(1,597)36 73
Loss from continuing operations before income taxes:(49,122)(63,220)(14,411)(15,970) (14,945)
Income tax expense (benefit)1,101315(313)(295) (252)
Net loss:(48,021)(62,905)(14,724)(16,265) (15,197)
Net income (loss) attributable to noncontrolling interest  (10)32 68
Other undisclosed net income attributable to parent9785    
Net loss attributable to parent:(47,924)(62,820)(14,734)(16,233) (15,129)
Other undisclosed net loss available to common stockholders, basic(337)(356)(356)(356) (356)
Net loss available to common stockholders, diluted:(48,261)(63,176)(15,090)(16,589) (15,485)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
Net loss:(48,021)(62,905)(14,724)(16,265) (15,197)
Other comprehensive income  8248 26
Other undisclosed comprehensive loss(218)(160)    
Comprehensive loss:(48,239)(63,065)(14,642)(16,217) (15,171)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest13085(10)32 68
Other undisclosed comprehensive loss, net of tax, attributable to parent(14)     
Comprehensive loss, net of tax, attributable to parent:(48,123)(62,980)(14,652)(16,185) (15,103)

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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