AUDIOCODES LTD AUDC Balance Sheet

Audiocodes ltd (AUDC)

Balance Sheet / Quarterly

Dec'17	Dec'16	Dec'15	Jun'15	Dec'14	Jun'14	Dec'13	Sep'13	Dec'12	Dec'11	Dec'10
ASSETS
CURRENT ASSETS:
Cash and cash equivalents
24,235	24,344	18,908	15,307	14,797	18,201	30,763	-	-	-	-
Cash and cash equivalents
-	-	-	-	-	-	-	21,598	15,219	28,257	50,311
Short-term and restricted bank deposits
2,739	3,401	5,661	4,361	7,630	8,101	9,101	9,601	10,330	14,008	13,825
Short-term marketable securities and accrued interest
7,087	6,778	2,480	4,100	543	535	15,706	19,345	7,966	345	-
Trade receivables (net of allowance for doubtful accounts of $2,573 and $790 at December 31, 2016 and 2017, respectively)
22,059	25,448	25,622	28,059	31,056	30,794	26,431	28,070	24,198	30,923	26,321
Other receivables and prepaid expenses
4,693	3,377	4,405	5,833	6,244	6,220	3,922	7,471	5,653	4,477	4,896
Deferred tax assets, net
-	-	-	2,446	-	2,283	2,277	1,666	1,621	2,600	2,287
Inventories
16,563	16,333	16,778	15,132	14,736	14,045	13,811	13,393	16,797	20,415	16,279
Total current assets
77,376	79,681	73,854	75,238	75,006	80,179	102,011	101,144	81,784	101,025	113,919
LONG-TERM ASSETS:
Long-term marketable securities
20,475	29,540	50,294	-	58,684	-	-	-	-	-	-
Long-term restricted bank deposits and accrued interest
4,207	5,407	3,034	2,733	4,066	5,382	6,697	7,479	9,251	9,120	0
Long-term marketable securities
-	-	-	52,107	-	59,582	0	0	15,762	23,823	0
Investment in an affiliated company
-	-	-	-	-	-	-	0	1,084	1,251	1,317
Deferred tax assets
6,685	11,607	2,216	0	4,192	3,888	4,855	3,668	3,565	2,600	2,261
Severance pay funds
20,138	17,820	16,086	18,579	17,835	19,579	19,549	17,765	15,772	15,410	15,039
Total long-term assets
51,505	64,374	71,630	-	84,777	-	-	-	-	-	-
Severance pay funds
20,138	17,820	-	-	-	-	-	-	-	-	15,039
Total long-term assets
-	-	-	73,419	-	88,431	31,101	28,912	45,434	52,204	18,617
PROPERTY AND EQUIPMENT, NET
3,835	3,867	4,090	4,226	3,856	2,959	3,191	3,303	3,619	3,368	3,703
INTANGIBLE ASSETS, NET
2,000	2,832	4,024	2,331	2,996	3,574	4,252	4,591	2,857	3,985	5,310
GOODWILL
36,222	36,222	36,222	33,749	33,749	33,749	33,749	33,749	32,095	32,095	32,095
Total assets
170,938	186,976	189,820	188,963	200,384	208,892	174,304	171,699	165,789	192,677	173,644
LIABILITIES AND EQUITY
CURRENT LIABILITIES:
Current maturities of long-term bank loans
2,519	3,451	5,338	4,686	4,686	4,686	4,686	4,686	8,436	10,243	6,000
Trade payables
5,639	7,710	7,304	6,442	10,111	7,761	7,215	8,614	6,817	12,362	13,519
Senior convertible notes
-	-	-	-	-	53	353	-	0	-	-
Other payables and accrued expenses
20,786	18,618	17,951	16,401	15,758	18,887	17,958	-	-	-	-
Other payables and accrued expenses
-	-	-	-	-	-	-	16,580	15,062	18,102	24,168
Deferred revenues
16,417	14,951	12,885	12,166	10,233	9,872	6,940	7,257	4,871	5,235	3,695
Total current liabilities
45,361	44,730	43,478	39,695	40,788	41,259	37,152	37,137	35,186	45,942	47,382
LONG-TERM LIABILITIES:
Accrued severance pay
21,228	18,941	16,377	18,731	17,908	19,689	19,845	18,770	16,284	16,106	15,821
Senior convertible notes
-	-	-	-	-	-	-	353	353	353	353
Long-term bank loans, net of current maturities
6,237	8,493	6,032	2,763	5,105	7,448	9,791	11,157	14,477	22,912	9,750
Deferred revenues and other liabilities
5,731	6,153	6,480	3,896	2,862	2,839	2,707	2,389	1,192	1,345	1,158
Total long-term liabilities
33,196	33,587	28,889	25,390	25,875	29,976	32,343	32,669	32,306	40,716	27,082
COMMITMENTS AND CONTINGENT LIABILITIES
0	0	0	0	0	0	0	0	0	0	0
SHAREHOLDERS' EQUITY:
Share capital - Ordinary shares of NIS 0.01 par value - Authorized: 100,000,000 shares at December 31, 2016 and 2017; Issued: 55,777,786 and 56,558,952 shares at December 31, 2016 and 2017, respectively; Outstanding: 32,411,296 and 29,443,000 shares at December 31, 2016 and 2017, respectively
93	101	112	118	125	128	114	113	112	119	128
Additional paid-in capital
248,176	243,082	238,525	237,398	235,760	234,406	201,248	200,249	197,653	196,021	191,277
Treasury stock at cost- 23,366,490 and 27,115,952 shares at December 31, 2016 and 2017, respectively
115,476	89,923	60,542	52,354	41,032	35,768	35,768	35,768	35,768	29,055	25,057
Accumulated other comprehensive loss
-44	-203	-137	1,887	-261	-	0	855	1,303	-240	822
Accumulated deficit
-40,368	-44,398	-60,505	-63,171	-60,871	-61,109	-60,785	-63,556	-65,003	-60,826	-67,990
Total shareholders' equity
92,381	108,659	117,453	123,878	133,721	-	104,809	-	-	-	-
Total equity
-	-	-	-	-	137,657	-	101,893	98,297	106,019	99,180
Total liabilities and shareholders' equity
170,938	186,976	189,820	188,963	200,384	208,892	174,304	171,699	165,789	192,677	173,644