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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating Activities    
Net loss $ (13,650) $ (153,230)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 46,409 42,592
Equity-based compensation 10,530 7,521
Loss on debt extinguishment 0 494
Gain on tax receivable agreement liability adjustment 0 (99,620)
Deferred tax expense 0 123,206
Other, net (271) 1,143
Changes in operating assets and liabilities, net of amounts acquired:    
Accounts receivable, net (38,547) 1,314
Inventories 3,306 84,797
Prepaid expenses and other assets 25,253 8,244
Accounts payable 23,851 2,536
Accrued royalties 6,838 (7,240)
Accrued expenses and other liabilities 23 (14,624)
Net cash provided by (used in) operating activities 63,742 (2,867)
Investing Activities    
Purchases of property and equipment (20,796) (30,861)
Acquisitions of businesses and related intangible assets, net of cash acquired 0 (5,274)
Sale of Funko Games inventory and certain intellectual property 6,754 0
Other 655 551
Net cash used in investing activities (13,387) (35,584)
Financing Activities    
Borrowings on line of credit 25,000 71,000
Payments on line of credit (50,500) 0
Payments of long-term debt (25,365) (16,911)
Payments under tax receivable agreement (8,960) 0
Other, net 1,250 (2,780)
Net cash (used in) provided by financing activities (58,575) 51,309
Effect of exchange rates on cash and cash equivalents 313 (173)
Net change in cash and cash equivalents (7,907) 12,685
Cash and cash equivalents at beginning of period 36,453 19,200
Cash and cash equivalents at end of period $ 28,546 $ 31,885