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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets, Current [Abstract]    
Cash and cash equivalents $ 572,305 $ 231,745
Receivables, net of allowance for credit losses of $2,518 and $1,049 at June 30, 2024 and December 31, 2023 respectively [1] 173,446 171,776
Asset held for sale   6,827
Other current assets, net [2] 80,639 82,479
Total current assets 826,390 492,827
Property and equipment, net 9,414 11,692
Operating lease right-of-use assets 7,854 29,472
Debt and equity securities 75,324 91,233
Intangible assets, net 194,351 219,502
Goodwill, net 741,307 779,176
Equity method investments 78,618 64,222
Deferred tax assets 24,108 24,045
Other non-current assets, net [3] 71,851 64,436
Total assets 2,029,217 1,776,605
Liabilities, Current [Abstract]    
Accounts payable [4] 121,374 127,427
Accrued expenses 87,569 62,782
Short-term borrowings and current portion of long-term debt [5]   4,252
Current portion of operating lease liabilities [6] 4,865 9,945
Contract liabilities [7] 97,524 76,722
Income tax payables - corporate tax 9,742 9,459
Consumption taxes payables 5,633 7,339
Provisions and defined pension benefits 3,846 5,564
Other current liabilities 11,646 12,584
Total current liabilities 342,199 316,074
Non-current liabilities:    
Long-term operating lease liabilities [8] 2,870 19,238
Defined severance benefits 19,964 23,361
Deferred tax liabilities 51,659 61,134
Other non-current liabilities 1,650 9,322
Total liabilities 418,342 429,129
Commitments and Contingencies (Note 8)
Redeemable non-controlling interest in subsidiary 41,706 41,429
Stockholders' equity:    
Common stock, $0.0001 par value (2,000,000,000 authorized, 126,886,102 shares and 109,505,150 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively) 13 11
Preferred stock, $0.0001 par value (100,000,000 authorized, no shares and - shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively)
Additional paid-in capital 2,053,326 1,667,246
Accumulated other comprehensive loss (104,008) (54,824)
Accumulated deficit (433,985) (363,292)
Total stockholders' equity attributable to WEBTOON Entertainment Inc. 1,515,346 1,249,141
Non-controlling interests in consolidated subsidiaries 53,823 56,906
Total equity 1,569,169 1,306,047
Total liabilities, redeemable non-controlling interest, and equity $ 2,029,217 $ 1,776,605
[1] Includes amounts due from related parties of $54,585 and $63,723 as of June 30, 2024 and December 31, 2023, respectively. (See Note 13. Related Parties and Variable Interest Entity)
[2] Includes amounts due from related parties of $8,672 and $– as of June 30, 2024 and December 31, 2023, respectively. (See Note 13. Related Parties and Variable Interest Entity)
[3] Includes amounts due from related parties of $30,520 and $15,876 as of June 30, 2024 and December 31, 2023, respectively. (See Note 13. Related Parties and Variable Interest Entity)
[4] Includes amounts due to related parties of $20,481 and $6,713 as of June 30, 2024 and December 31, 2023, respectively. (See Note 13. Related Parties and Variable Interest Entity)
[5] Includes amounts due to related parties of $– and as of $3,800 June 30, 2024 and December 31, 2023, respectively. (See Note 13. Related Parties and Variable Interest Entity)
[6] Includes amounts due to related parties of $1,899 and $6,426 as of June 30, 2024 and December 31, 2023, respectively. (See Note 13. Related Parties and Variable Interest Entity)
[7] Includes amounts due to related parties of $1 and $16,160 as of June 30, 2024 and December 31, 2023, respectively. (See Note 13. Related Parties and Variable Interest Entity)
[8] Includes amounts due to related parties of $– and $14,852 as of June 30, 2024 and December 31, 2023, respectively. (See Note 13. Related Parties and Variable Interest Entity)