Summary - Funding Rounds

Founding Date

2012

Total Funding

$103 m

Investors

RLJ Entertainment is a subsidiary of AMC Networks

RLJ Entertainment Income Statement

Annual

USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

181.0m164.8m137.7m124.9m80.2m86.3m

Cost of goods sold

132.6m101.5m91.3m53.8m49.2m

Gross profit

32.2m36.2m33.6m26.4m37.1m

Gross profit Margin, %

20%26%27%33%43%

Sales and marketing expense

26.8m24.5m25.2m9.3m12.9m

General and administrative expense

22.8m19.7m19.2m17.8m19.7m

Operating expense total

49.6m50.9m80.6m30.1m36.3m

Depreciation and amortization

6.2m5.7m6.0m3.0m3.7m

EBIT

(23.6m)(14.6m)(47.0m)(3.7m)825.0k

EBIT margin, %

(14%)(11%)(38%)(5%)1%

Interest expense

8.3m9.5m10.0m8.4m8.6m

Investment income

2.6m2.2m3.1m6.0m

Pre tax profit

(28.9m)(20.8m)(54.8m)(18.4m)(4.9m)

Income tax expense

2.2m399.0k165.0k155.0k1.2m

Net Income

(31.1m)(21.2m)(55.0m)(21.9m)(6.1m)

Quarterly

RLJ Entertainment Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

6.7m4.5m7.8m6.2m

Accounts Receivable

17.4m25.0m19.6m20.7m

Prepaid Expenses

2.6m2.8m719.0k

Inventories

13.0m10.7m6.2m4.9m

PP&E

2.4m2.5m1.2m

Goodwill

44.9m14.6m13.7m14.0m

Total Assets

192.1m151.5m136.0m147.6m

Accounts Payable

24.6m23.2m12.0m12.5m

Long-term debt

63.2m80.9m62.1m52.6m

Total Debt

80.9m52.6m

Total Liabilities

155.6m151.3m123.3m132.0m

Common Stock

14.0k14.0k14.0k

Preferred Stock

19.6m

Additional Paid-in Capital

87.7m85.4m106.1m132.4m

Retained Earnings

(50.5m)(105.5m)(127.4m)(133.5m)

Total Equity

36.5m(21.2m)12.7m15.5m

Debt to Equity Ratio

2.2 x3.4 x

Debt to Assets Ratio

0.4 x0.4 x

Financial Leverage

5.3 x-7.2 x10.7 x9.5 x

Quarterly

USDQ2, 2012Q3, 2012Q1, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

1.01.05.0m3.4m8.2m3.1m7.2m1.8m5.0m4.5m1.5m4.0m12.2m6.6m4.2m3.5m

Accounts Receivable

10.7m10.9m9.0m12.1m10.1m14.3m12.6m11.2m11.3m10.3m10.9m13.3m16.2m17.0m

Prepaid Expenses

3.5m2.8m4.7m3.3m3.2m2.7m1.5m639.0k1.1m1.1m1.3m789.0k996.0k1.0m

Inventories

15.0m13.2m12.5m12.0m12.4m11.6m9.3m7.0m6.5m6.0m5.9m5.4m4.3m4.6m

PP&E

2.2m2.3m2.6m2.2m2.7m2.2m2.3m1.7m1.5m1.2m1.3m1.2m1.1m1.0m

Goodwill

47.1m47.1m47.1m47.1m44.9m44.9m44.9m14.6m14.6m14.6m13.7m13.9m14.0m14.1m13.9m

Total Assets

1.01.0216.1m202.4m192.0m178.4m178.4m178.3m135.8m127.7m131.2m126.6m136.8m144.4m147.8m146.9m

Accounts Payable

24.9m22.1m22.4m22.9m17.1m18.0m16.4m14.0m13.7m9.1m10.8m12.3m11.7m13.8m

Short-term debt

4.0m

Long-term debt

53.2m65.9m83.1m70.4m81.2m80.7m62.5m62.3m61.1m61.1m60.7m42.2m50.6m51.6m53.7m54.9m

Total Debt

57.2m15.0m83.1m70.4m81.2m80.7m62.5m62.3m61.1m61.1m60.7m42.2m50.6m51.6m53.7m54.9m

Total Liabilities

8.1k168.1m155.7m153.9m152.7m133.5m141.2m149.3m142.5m149.8m119.3m125.4m134.6m136.9m136.1m

Common Stock

1.01.013.0k13.0k13.0k14.0k13.0k13.0k14.0k5.0k5.0k5.0k14.0k14.0k15.0k15.0k

Preferred Stock

39.1m19.9m19.7m19.4m18.9m

Additional Paid-in Capital

4.4k4.4k87.0m87.4m87.6m87.9m87.4m86.4m84.6m83.7m83.8m106.4m130.0m130.6m134.2m135.8m

Retained Earnings

(39.4m)(41.7m)(49.5m)(61.2m)(61.7m)(68.9m)(119.0m)(119.2m)(123.1m)(133.5m)(134.6m)(137.3m)(140.8m)(140.1m)

Total Equity

1.0(8.1k)48.0m46.6m38.1m25.7m25.6m16.9m(36.0m)(38.4m)(42.8m)7.3m11.4m9.8m10.8m10.8m

Debt to Equity Ratio

1.7 x1.5 x2.1 x3.1 x2.4 x3.7 x-1.7 x-1.6 x-1.4 x5.8 x4.5 x5.2 x5 x5.1 x

Debt to Assets Ratio

0.4 x0.3 x0.4 x0.5 x0.4 x0.3 x0.5 x0.5 x0.5 x0.3 x0.4 x0.4 x0.4 x0.4 x

Financial Leverage

1 x0 x4.5 x4.3 x5 x7 x7 x10.6 x-3.8 x-3.3 x-3.1 x17.3 x12 x14.7 x13.6 x13.6 x

RLJ Entertainment Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(21.2m)(55.0m)(21.9m)(6.1m)

Depreciation and Amortization

5.7m6.0m3.7m

Accounts Receivable

2.7m(7.9m)4.8m(816.0k)

Inventories

2.5m2.2m4.2m1.5m

Accounts Payable

(7.8m)(921.0k)(11.1m)(349.0k)

Cash From Operating Activities

6.6m(1.6m)(9.2m)(1.5m)(8.9m)

Purchases of PP&E

(1.7m)(1.8m)(1.4m)(1.9m)

Cash From Investing Activities

2.4m(1.8m)(1.4m)(1.9m)

Long-term Borrowings

(63.8m)(12.4m)(56.9m)(8.6m)

Dividends Paid

(708.0k)

Cash From Financing Activities

(1.4m)8.8m6.5m8.7m

Net Change in Cash

2.9m(1.0m)(2.1m)3.3m(1.6m)

Interest Paid

7.0m8.0m5.2m1.6m

Income Taxes Paid

499.0k338.0k43.0k41.0k

RLJ Entertainment Ratios

USDQ2, 2012

Financial Leverage

1 x