Abaxis inc (ABAX)
Balance Sheet / TTM
Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
ASSETS
Current assets:
Cash and cash equivalents

46,277

71,902

58,874

91,473

91,332

85,653

90,393

87,526

88,323

82,402

83,633

77,878

107,015

89,770

84,594

87,103

73,589

84,269

71,446

67,786

54,910

47,427

54,109

56,151

45,843

35,368

37,994

45,073

43,471

Short-term investments

120,506

89,717

89,877

46,190

51,561

52,291

55,120

48,657

41,474

50,808

49,508

51,366

26,109

19,508

20,844

20,139

29,102

17,561

14,447

17,755

23,354

22,644

24,764

21,912

21,689

22,366

17,649

16,691

25,981

Receivables (net of allowances of $525 in 2018 and $272 in 2017)

48,164

40,391

40,714

44,022

40,568

35,245

35,269

36,908

35,148

33,450

30,398

29,245

29,015

31,361

36,351

33,252

27,253

28,450

35,127

32,265

40,005

36,094

48,395

29,038

30,694

26,041

27,490

26,422

27,880

Inventories

44,121

42,498

39,050

40,569

39,010

39,192

36,233

35,640

35,131

35,178

34,450

33,984

36,179

33,742

28,987

27,553

26,583

29,372

27,368

27,530

26,786

25,069

22,060

20,940

19,597

19,852

19,109

18,608

19,814

Prepaid expenses and other current assets

5,138

6,250

4,831

4,500

4,997

6,225

4,795

4,040

6,351

7,441

5,669

2,563

2,893

5,149

3,954

1,719

2,347

4,211

5,808

2,444

3,319

7,067

2,099

3,670

5,423

5,600

5,068

3,854

3,496

Net deferred tax assets, current

0

0

0

0

5,644

4,881

4,811

4,810

4,810

6,439

6,576

6,577

6,575

7,241

5,990

5,190

4,464

5,145

4,909

4,734

4,589

-

-

-

-

-

-

-

-

Current assets of discontinued operations

42

45

19

34

66

66

48

61

961

49

101

597

2,075

-

-

-

2,474

-

-

-

-

-

-

-

-

-

-

-

-

Net deferred tax assets, current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,356

4,328

4,328

4,151

3,166

3,048

3,430

3,422

Total current assets

264,248

250,803

233,365

226,788

233,178

223,553

226,669

217,642

212,198

215,767

210,335

202,210

209,861

186,771

180,720

174,956

165,812

169,008

159,105

152,514

152,963

142,657

155,755

136,039

127,397

112,393

110,358

114,078

124,064

Long-term investments

19,240

23,333

28,951

32,873

22,171

21,738

15,584

17,080

22,458

22,147

22,088

23,718

24,181

23,834

20,851

18,411

18,491

10,545

17,969

18,301

17,000

21,712

21,718

20,129

23,442

30,189

29,099

47,129

36,237

Investments in unconsolidated affiliates

3,846

2,732

2,778

2,816

2,850

3,000

3,000

5,670

2,705

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in unconsolidated affiliate

-

-

-

-

-

-

-

-

-

2,739

2,714

2,650

2,683

2,720

2,614

2,597

2,646

2,679

2,629

2,643

2,613

2,613

2,592

2,643

2,626

2,668

2,697

2,731

2,769

Property and equipment, net

35,419

34,902

34,384

34,281

34,260

33,709

32,452

29,277

26,842

27,514

27,260

26,760

27,316

29,602

28,884

27,720

24,191

26,035

25,859

25,600

25,330

25,512

25,315

25,165

24,296

23,448

22,913

21,532

19,637

Intangible assets, net

1,017

1,056

1,094

1,132

1,171

1,209

1,248

1,286

1,324

1,363

1,401

1,439

1,491

2,031

875

1,249

1,200

1,998

2,373

2,747

3,122

3,515

3,673

3,832

3,990

4,148

3,919

4,067

4,216

Net deferred tax assets, non-current

7,913

7,489

10,472

10,749

4,392

4,492

4,508

4,293

3,903

3,180

3,682

3,738

3,413

1,293

1,555

1,549

1,557

535

649

652

643

-

-

-

-

-

-

-

-

Non-current assets of discontinued operations

-

-

-

-

-

-

-

-

-

0

0

12

12

-

-

-

3,431

-

-

-

-

-

-

-

-

-

-

-

-

Net deferred tax assets, non-current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,080

1,203

1,203

1,203

Other assets

9,420

9,224

8,904

8,599

7,624

6,290

4,978

3,397

1,950

604

661

193

107

248

131

129

52

81

81

85

92

97

77

109

85

106

111

132

134

Total assets

341,103

329,539

319,948

317,238

305,646

293,991

288,439

278,645

271,380

273,314

268,141

260,720

269,064

246,499

235,630

226,611

217,380

210,881

208,665

202,542

201,763

196,106

209,130

187,917

181,836

174,032

170,300

190,872

188,260

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable

11,775

13,170

8,393

10,266

7,517

8,922

7,270

8,390

7,292

7,882

7,710

5,945

7,277

8,556

10,143

7,050

5,525

6,611

7,001

6,166

8,123

11,536

8,202

7,553

6,381

6,245

6,996

5,777

6,173

Accrued payroll and related expenses

11,280

10,285

10,101

8,652

9,606

6,184

9,238

7,930

8,349

7,241

9,262

7,683

11,094

8,047

8,802

6,877

4,372

5,941

5,507

6,137

6,261

8,380

8,065

6,821

6,336

5,747

6,873

6,215

6,129

Accrued taxes

1,456

47

1,489

5,719

2,151

477

31

1,958

1,145

269

355

3,388

4,829

996

764

3,525

1,144

535

433

338

440

229

3,531

144

266

0

232

533

559

Current liabilities of discontinued operations

66

50

29

58

85

87

76

57

112

180

245

511

5,536

-

-

-

879

-

-

-

-

-

-

-

-

-

-

-

-

Other accrued liabilities

16,234

15,648

13,811

12,329

11,006

10,091

9,629

9,293

9,393

8,953

8,434

8,542

9,804

10,213

5,555

3,849

3,084

2,438

2,378

2,660

2,838

2,314

3,109

1,806

1,991

2,072

1,788

1,805

1,677

Deferred revenue

816

1,054

1,043

1,242

1,415

1,560

1,634

1,624

1,600

1,537

1,464

1,391

1,322

1,273

1,226

1,188

1,208

1,319

1,235

1,256

1,362

1,388

1,280

1,307

1,212

1,138

1,103

1,044

953

Warranty reserve

2,253

2,129

1,934

1,770

1,663

1,577

1,539

1,344

1,281

1,272

1,220

1,322

1,423

1,410

1,193

961

1,047

1,101

-

-

995

-

-

-

-

-

-

-

-

Warranty reserve

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

872

950

-

993

1,043

1,012

1,245

1,123

1,123

1,195

1,031

Total current liabilities

43,880

42,383

36,800

40,036

33,443

28,898

29,417

30,596

29,172

27,334

28,690

28,782

41,285

30,495

27,683

23,450

17,259

17,945

17,426

17,507

20,019

24,840

25,230

18,643

17,431

16,325

18,115

16,569

16,522

Non-current liabilities:
Deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

768

768

-

762

751

740

729

712

691

669

641

597

530

478

416

Deferred revenue

1,524

1,278

1,290

1,362

1,460

1,601

1,790

2,034

2,274

2,516

2,751

2,999

3,219

3,411

3,576

3,833

4,035

4,177

4,412

3,850

3,750

3,517

2,913

2,708

2,396

2,285

2,105

1,958

1,737

Warranty reserve

3,037

2,864

2,825

2,771

2,695

2,616

2,411

2,232

1,927

1,822

1,604

1,547

1,733

1,497

992

912

821

777

-

-

389

-

-

-

-

-

-

-

-

Net deferred tax liabilities

203

211

219

226

234

242

277

277

384

310

310

310

310

311

-

-

0

-

-

-

-

159

89

197

199

-

-

-

0

Non-current liabilities of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

-

-

-

-

-

-

-

-

-

-

-

-

Warranty reserve

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

741

377

-

473

437

482

601

482

313

275

191

Notes payable, less current portion

177

202

227

253

278

303

328

354

379

404

430

455

480

505

531

556

581

606

632

657

682

707

733

758

783

808

834

725

746

Other non-current liabilities

1,589

1,544

1,498

1,451

1,312

1,170

1,089

990

932

769

1,833

1,889

1,843

1,923

-

-

752

-

-

-

-

-

-

-

-

-

-

-

-

Total non-current liabilities

6,530

6,099

6,059

6,063

5,979

5,932

5,895

5,887

5,896

5,821

6,928

7,200

7,585

7,647

5,867

6,069

6,205

6,322

6,536

5,624

5,550

5,568

4,863

4,814

4,620

4,172

3,782

3,436

3,090

Total liabilities

50,410

48,482

42,859

46,099

39,422

34,830

35,312

36,483

35,068

33,155

35,618

35,982

48,870

38,142

33,550

29,519

23,464

24,267

23,962

23,131

25,569

30,408

30,093

23,457

22,051

20,497

21,897

20,005

19,612

Commitments and contingencies (Note 13)

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Shareholders' equity:
Preferred stock, no par value: 5,000,000 shares authorized; no shares issued and outstanding in 2018 and 2017

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, no par value: 35,000,000 shares authorized; 22,698,000 and 22,540,000 shares issued and outstanding in 2018 and 2017, respectively

147,000

143,640

140,235

137,699

135,932

133,262

130,906

128,667

127,016

137,258

135,069

132,603

132,559

129,813

127,163

125,306

124,603

121,007

122,311

121,020

121,019

117,217

113,520

111,878

110,063

108,558

106,262

132,047

132,042

Retained earnings

143,870

137,481

136,886

133,462

130,304

125,910

122,222

113,493

109,303

102,918

97,461

92,144

87,643

78,566

74,935

71,787

69,318

65,580

62,358

58,362

55,133

48,435

65,470

52,561

49,697

44,991

42,141

38,820

36,606

Accumulated other comprehensive loss

-177

-64

-32

-22

-12

-11

-1

2

-7

-17

-7

-9

-8

-22

-18

-1

-5

27

34

29

42

46

47

21

25

-14

-

-

0

Total shareholders' equity

290,693

281,057

277,089

271,139

266,224

259,161

253,127

242,162

236,312

240,159

232,523

224,738

220,194

208,357

202,080

197,092

193,916

186,614

184,703

179,411

176,194

165,698

179,037

164,460

159,785

153,535

148,403

170,867

168,648

Total liabilities and shareholders' equity

341,103

329,539

319,948

317,238

305,646

293,991

288,439

278,645

271,380

273,314

268,141

260,720

269,064

246,499

235,630

226,611

217,380

210,881

208,665

202,542

201,763

196,106

209,130

187,917

181,836

174,032

170,300

190,872

188,260