Anika therapeutics, inc. (ANIK)
Balance Sheet / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'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'11Dec'10
Current assets:
Cash and cash equivalents

157,463

103,381

69,407

95,514

89,042

81,825

126,047

141,797

133,256

126,960

117,874

119,368

104,261

98,047

89,125

92,837

110,707

108,469

103,920

99,802

100,156

71,772

84,879

82,160

63,333

64,055

54,140

50,965

44,067

39,855

37,909

34,003

35,777

29,048

26,829

28,201

Investments

27,480

69,825

72,045

71,222

69,972

67,186

13,250

21,250

24,000

25,750

25,000

19,250

20,500

22,250

22,500

23,000

27,751

22,007

18,513

12,500

6,750

19,999

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net of reserves of $962 and $1,525 at December 31, 2019 and December 31, 2018, respectively

23,079

23,889

23,073

18,265

20,775

20,771

23,389

18,289

23,825

23,804

30,450

21,079

27,598

21,833

24,597

14,798

21,652

23,375

19,166

16,025

17,152

20,170

19,235

16,466

18,736

16,496

19,065

14,784

21,462

16,343

17,694

17,002

17,307

17,726

17,019

14,819

Inventories, net

21,995

25,243

22,986

22,617

21,300

23,828

24,060

22,770

22,035

20,252

17,584

16,180

15,983

18,020

17,264

15,765

14,938

12,075

11,718

12,515

12,407

13,582

13,864

12,981

10,996

11,582

10,357

9,947

8,283

8,932

10,776

9,080

7,302

7,874

9,171

8,949

Prepaid income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,555

-

1,343

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,409

1,459

1,487

-

659

659

659

659

1,989

1,989

1,989

2,031

1,918

1,918

1,918

1,918

1,990

1,990

1,990

Prepaid expenses and other current assets

4,289

1,479

2,413

2,077

1,854

1,981

4,244

4,081

3,211

2,268

1,973

1,173

2,098

924

1,158

1,500

1,385

947

947

1,034

1,371

1,128

878

1,217

865

878

920

1,007

1,539

1,351

1,299

1,947

1,831

2,007

2,474

2,360

Total current assets

234,306

223,817

189,924

209,695

202,943

195,591

190,990

208,187

206,327

199,034

192,881

177,050

170,440

161,074

154,644

147,900

176,433

168,283

155,725

145,921

137,836

128,655

119,516

113,484

94,591

95,002

86,473

78,694

77,384

68,402

69,599

63,952

64,137

58,647

57,485

56,322

Property and equipment, at cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

57,667

54,671

53,666

-

53,379

53,142

52,768

52,413

52,067

51,618

51,566

52,376

52,141

51,920

51,541

50,850

50,675

50,459

49,696

Less: accumulated depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,869

23,148

22,476

-

21,343

20,754

20,134

19,474

18,805

17,772

17,087

17,263

16,204

15,499

14,868

14,380

13,981

13,575

12,715

Property and equipment, net

50,783

51,750

52,960

53,051

54,111

55,041

55,377

55,772

56,183

53,973

52,272

51,593

52,296

51,058

49,198

46,839

40,108

33,797

31,522

31,190

31,669

32,036

32,387

32,633

32,938

33,261

33,846

34,478

35,112

35,937

36,421

36,673

36,469

36,694

36,884

36,981

Right-of-use assets

22,864

23,082

23,495

23,748

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term assets

7,478

5,761

4,884

4,003

4,897

1,109

1,157

1,247

1,254

1,283

1,389

1,234

69

69

69

69

69

69

69

69

69

69

69

69

69

145

154

162

171

249

221

151

205

299

368

384

Intangible assets, net

7,585

7,680

8,303

8,467

9,191

9,564

9,876

10,678

10,635

10,738

10,626

10,162

10,227

11,171

11,259

11,859

11,656

12,987

13,083

13,061

14,895

16,033

17,762

18,439

18,998

19,197

18,996

19,229

20,334

21,464

21,506

23,300

23,148

24,810

26,782

25,764

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

392

Goodwill

7,694

7,489

7,798

7,695

7,851

7,959

8,013

8,452

8,218

8,104

7,836

7,328

7,214

7,690

7,568

7,790

7,482

7,713

7,610

7,443

8,339

8,702

9,360

9,434

9,443

9,275

8,923

8,792

9,065

8,818

8,627

9,150

8,883

9,327

9,871

9,091

Total assets

330,710

319,579

287,364

306,659

278,993

269,264

265,413

284,336

282,617

273,132

265,004

247,367

240,246

231,062

222,738

214,457

235,748

222,850

208,012

197,684

192,808

185,497

179,096

174,061

156,041

156,882

148,394

141,358

142,069

134,872

136,375

133,228

132,844

129,780

131,392

128,936

Current liabilities:
Accounts payable

3,832

2,702

2,287

3,571

3,143

2,462

5,073

6,159

6,747

5,189

5,465

6,050

2,303

1,949

3,294

3,263

8,302

2,220

1,657

1,774

1,201

1,167

2,198

2,742

2,793

2,136

2,699

2,696

2,341

1,907

3,941

3,880

4,299

3,836

7,587

9,694

Accrued expenses and other current liabilities

12,445

8,493

8,101

8,031

8,146

6,843

7,459

7,963

6,326

6,516

5,673

4,167

6,496

5,423

6,638

5,999

4,778

6,547

4,441

4,242

4,772

5,253

4,875

4,497

5,537

5,228

4,503

4,252

5,837

4,389

4,275

4,297

5,321

5,537

5,486

5,375

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33

35

139

-

12

15

46

180

850

1,527

2,191

2,875

2,866

2,866

2,866

2,866

2,840

2,707

2,700

Current portion of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,600

1,600

1,600

1,600

1,600

1,600

1,600

1,600

1,600

1,600

1,600

Income taxes payable

-

-

-

-

-

-

-

-

-

-

2,303

-

-

217

591

1,603

4,198

4,442

1,821

-

0

-

232

424

770

542

1,370

-

1,798

1,391

2,530

235

450

1,324

-

-

Total current liabilities

16,277

11,195

10,388

11,602

11,289

9,305

12,532

14,122

13,073

11,705

13,441

10,217

8,799

7,589

10,523

10,865

17,278

13,244

7,957

6,157

5,973

6,434

7,321

7,711

9,282

10,357

11,701

10,740

14,452

12,154

15,214

12,880

14,538

15,138

17,381

19,369

Other long-term liabilities

357

372

373

366

550

574

882

1,150

660

545

422

400

2,126

2,556

1,173

739

781

803

779

829

894

948

1,031

1,089

1,133

1,172

1,264

1,294

1,541

1,539

1,535

1,556

1,548

1,554

2,366

1,560

Deferred tax liability

4,331

-

-

-

3,542

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

59

56

63

66

73

74

85

102

56

71

72

2,054

2,027

2,069

2,111

2,152

2,869

3,586

4,302

5,019

3,374

4,049

5,399

Deferred tax liability

-

4,727

3,683

3,388

-

4,120

5,396

5,298

5,393

7,593

7,003

6,722

6,548

6,315

6,570

7,422

6,775

8,974

8,633

8,797

7,741

8,353

8,278

8,617

7,936

8,319

6,725

6,784

6,997

6,435

6,491

7,028

7,375

6,859

6,060

6,216

Lease liabilities

21,367

21,603

21,974

22,232

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,800

7,200

7,600

8,000

8,400

8,800

9,200

9,600

10,000

10,400

11,200

Commitments and contingencies (Note 11)

-

-

-

-

-

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

0

Stockholders’ equity:
Preferred stock, $0.01 par value; 1,250 shares authorized, no shares issued and outstanding at December 31, 2019 and December 31, 2018, respectively

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

0

0

0

0

0

0

0

Common stock, $.01 par value; 90,000 shares authorized, 14,308 and 14,210 shares issued and outstanding at December 31, 2019 and December 31, 2018, respectively

143

143

138

142

142

142

146

147

147

146

146

146

146

146

148

148

150

150

150

150

149

148

147

146

142

142

140

140

138

138

137

137

136

136

136

134

Additional paid-in-capital

48,707

46,482

24,329

52,030

50,763

49,836

48,656

74,958

68,617

66,746

65,171

63,719

61,735

60,374

59,506

58,536

81,685

81,052

80,505

79,990

77,540

76,064

73,245

76,534

70,606

70,281

67,385

67,014

65,431

65,142

64,620

64,269

63,441

63,126

62,808

61,817

Accumulated other comprehensive loss

-5,898

-6,318

-5,696

-5,841

-5,526

-5,228

-5,115

-4,164

-4,784

-5,047

-5,736

-7,025

-7,317

-6,101

-6,410

-5,873

-6,649

-6,066

-6,326

-6,743

-4,495

-3,595

-1,915

-1,725

-1,699

-2,147

-3,063

-3,404

-2,654

-3,353

-3,910

-2,310

-3,067

-1,779

-202

-2,547

Retained earnings

245,426

241,375

232,175

222,740

218,233

210,515

202,916

192,825

199,511

191,444

184,557

173,188

168,209

160,124

151,172

142,557

135,662

124,618

116,238

108,419

104,904

97,087

90,916

81,614

66,584

59,929

54,972

49,077

46,009

41,546

39,901

36,164

34,252

31,369

28,392

25,785

Total stockholders’ equity

288,378

281,682

250,946

269,071

263,612

255,265

246,603

263,766

263,491

253,289

244,138

230,028

222,773

214,543

204,416

195,368

210,848

199,754

190,567

181,815

178,098

169,704

162,394

156,570

135,634

128,206

119,433

112,828

108,925

103,473

100,748

98,260

94,762

92,853

91,133

85,190

Total liabilities and stockholders’ equity

330,710

319,579

287,364

306,659

278,993

269,264

265,413

284,336

282,617

273,132

265,004

247,367

240,246

231,062

222,738

214,457

235,748

222,850

208,012

197,684

192,808

185,497

179,096

174,061

156,041

156,882

148,394

141,358

142,069

134,872

136,375

133,228

132,844

129,780

131,392

128,936