8-K
RLJ ENTERTAINMENT, INC. filed this Form 8-K on 11/09/2017
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RLJ ENTERTAINMENT, INC.

Consolidated Balance Sheets

(Unaudited)

As of September 30, 2017 and December 31, 2016

 

 

 

 

September 30,

 

 

December 31,

 

(In thousands, except share data)

 

2017

 

 

2016

 

ASSETS

 

 

 

 

 

 

 

 

Cash

 

$

6,587

 

 

$

7,834

 

Accounts receivable, net

 

 

13,263

 

 

 

19,569

 

Inventories, net

 

 

5,368

 

 

 

6,215

 

Investments in content, net

 

 

75,314

 

 

 

60,737

 

Prepaid expenses and other assets

 

 

789

 

 

 

798

 

Property, equipment and improvements, net

 

 

1,178

 

 

 

1,336

 

Equity investment in affiliate

 

 

19,884

 

 

 

16,491

 

Other intangible assets, net

 

 

8,063

 

 

 

9,309

 

Goodwill

 

 

13,958

 

 

 

13,691

 

Total assets

 

$

144,404

 

 

$

135,980

 

LIABILITIES AND SHAREHOLDERS' EQUITY

 

 

 

 

 

 

 

 

Accounts payable and accrued liabilities

 

$

12,316

 

 

$

11,995

 

Accrued royalties and distribution fees

 

 

52,834

 

 

 

55,614

 

Deferred revenue

 

 

2,549

 

 

 

2,152

 

Debt, net of discounts and debt issuance costs

 

 

51,599

 

 

 

42,053

 

Deferred tax liability

 

 

1,857

 

 

 

1,715

 

Stock warrant and other derivative liabilities

 

 

13,410

 

 

 

9,763

 

Total liabilities

 

 

134,565

 

 

 

123,292

 

Commitments and contingencies (see Note 13)

 

 

 

 

 

 

 

 

Shareholders' Equity

 

 

 

 

 

 

 

 

Redeemable convertible preferred stock, $0.001 par value, 1,000,000 shares

   authorized; 31,046 shares issued; 15,198 shares outstanding at September 30,

   2017 and 30,198 shares outstanding at December 31, 2016; liquidation

   preference of $17,997 at September 30, 2017 and $34,366 at December 31, 2016

 

 

19,725

 

 

 

38,708

 

Common stock, $0.001 par value, 250,000,000 shares authorized, 13,644,076

   shares issued and outstanding at September 30, 2017; and 5,240,085

   shares issued and outstanding at December 31, 2016

 

 

14

 

 

 

5

 

Additional paid-in capital

 

 

130,585

 

 

 

106,059

 

Accumulated deficit

 

 

(137,331

)

 

 

(127,388

)

Accumulated other comprehensive loss

 

 

(3,154

)

 

 

(4,696

)

Total shareholders' equity

 

 

9,839

 

 

 

12,688

 

Total liabilities and shareholders' equity

 

$

144,404

 

 

$

135,980

 

 

4


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