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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 269,155 $ 206,911
Short-term investments 70,000 67,756
Accounts receivable, net 34,000 32,517
Prepaid expenses, and other assets 7,774 8,570
Total current assets 380,929 315,754
Property and equipment, net 347 444
Operating lease right-of-use assets, net 6,660 7,130
Intangible assets, net 49,559 51,571
Goodwill 396,236 396,704
Deferred tax asset 17,432 28,934
Other non-current assets 1,479 2,807
Total assets 852,642 803,344
Liabilities and Shareholders’ Equity    
Accounts payable and accrued expenses [1] 13,249 13,293
Short-term operating lease liabilities [2] 1,362 3,157
Income taxes payable 2,532 112
Contract liabilities 1,777 2,520
Current portion of borrowings with related party [3] 0 38,778
Other current liabilities [4] 1,474 10,645
Total current liabilities 20,394 68,505
Long-term borrowings with related party [5] 35,992 0
Long-term operating lease liabilities [6] 5,472 4,420
Deferred tax liabilities, net 543 848
Other non-current liabilities [7] 3,932 1,681
Total liabilities 66,333 75,454
Shareholders’ equity    
Common stock, KRW 10,000 par value—200,000,000 Shares authorized; 2,477,672 issued and outstanding 21,198 21,198
Additional paid-in-capital 359,280 359,280
Accumulated other comprehensive income 14,986 19,982
Retained earnings 390,758 327,273
Total shareholders’ equity attributable to shareholders of DoubleDown Interactive Co. Ltd. 786,222 727,733
Equity attributable to noncontrolling interests 87 157
Total equity 786,309 727,890
Total liabilities and shareholders’ equity $ 852,642 $ 803,344
[1] Includes related party royalty and other payables of $1,353 and $1,618 at June 30, 2024 and December 31, 2023, respectively (see Note 12).
[2] Includes related party operating lease liability of $1,222 and $1,298 at June 30, 2024 and December 31, 2023, respectively (see Note 12).
[3] Includes related party notes payable of $0 and $38,778 at June 30, 2024 and December 31, 2023, respectively (see Note 12).
[4] Includes related party interest payable of $0 and $9,501 at June 30, 2024 and December 31, 2023, respectively (see Note 12).
[5] Includes related party notes payable of $37,125 and $0 at June 30, 2024 and December 31, 2023, respectively (see Note 12).
[6] Includes related party operating lease liability of $3,597 and $4,414 at June 30, 2024 and December 31, 2023, respectively (see Note 12).
[7] Includes related party interest payable of $158 and $0 at June 30, 2024 and December 31, 2023, respectively (see Note 12).