Blucora, inc. (BCOR)
Balance Sheet / TTM
Mar'20Dec'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
ASSETS
Current assets:
Cash and cash equivalents

168,198

80,820

97,466

109,606

149,762

84,524

88,274

89,840

77,107

59,965

78,558

78,312

74,609

51,713

71,165

74,273

67,955

55,473

59,638

59,498

61,854

41,968

60,194

69,764

142,756

130,225

97,821

217,434

264,635

68,278

96,407

135,836

101,840

81,897

59,805

70,698

155,645

Cash segregated under federal or other regulations

1,170

5,630

1,284

146

1,527

842

317

1,117

1,314

1,371

313

799

1,872

2,355

630

2,025

3,686

3,557

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Available-for-sale investments

-

-

-

-

-

-

-

-

-

-

0

0

160

7,101

4,492

7,821

11,642

11,301

232,705

237,389

249,586

251,620

220,200

208,856

193,634

203,480

150,561

198,059

137,042

94,010

54,010

6,031

28,028

211,654

219,470

192,704

98,091

Accounts receivable, net of allowance

25,343

16,266

16,803

20,391

24,113

15,721

6,056

6,595

12,655

10,694

6,952

7,254

11,448

10,209

7,076

6,474

10,840

7,884

23,157

26,688

32,522

292

31,806

35,680

47,026

48,081

46,896

35,524

41,256

34,932

35,243

32,961

31,438

25,019

20,095

19,758

19,189

Commissions receivable

17,719

21,176

20,724

19,857

14,382

15,562

16,762

16,820

17,062

16,822

16,432

15,563

15,402

16,144

15,294

14,808

15,062

16,328

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other receivables

6,141

2,902

7,424

8,069

7,450

7,408

626

38

592

3,180

592

432

2,380

4,004

6,827

4,947

4,261

24,407

1,230

1,046

1,404

1,890

4,143

3,915

4,582

8,292

8,943

4,123

4,226

3,942

1,274

725

1,121

542

2,303

4,528

1,185

Inventories

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33,673

34,434

34,015

-

27,759

30,564

29,513

28,826

26,577

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets, net

13,387

12,349

9,058

10,595

10,840

7,755

5,571

6,754

7,534

7,365

4,777

7,041

6,800

6,321

4,059

5,192

7,320

10,062

10,768

12,529

10,896

6,466

8,967

8,656

10,364

9,774

6,928

7,185

7,842

10,911

4,514

3,050

5,125

1,958

1,314

1,577

2,163

Current assets of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

70,432

157,251

197,275

211,663

-

-

-

72,253

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,161

Total current assets

231,958

139,143

152,759

168,664

208,074

131,812

117,606

121,164

116,264

99,397

107,624

109,401

112,671

97,847

179,975

272,791

318,041

340,675

361,171

371,584

390,277

374,489

353,069

357,435

427,875

428,678

337,726

462,325

455,001

212,073

191,448

178,603

167,552

321,070

302,987

289,265

292,434

Long-term assets:
Property and equipment, net

31,807

18,706

17,230

15,090

12,322

12,389

11,111

9,308

8,769

9,831

9,552

8,677

8,990

10,836

10,711

10,923

11,093

11,308

15,089

15,595

16,011

6,542

16,347

16,330

16,110

16,108

15,165

8,565

9,269

7,533

6,587

6,456

5,878

5,277

6,055

6,814

7,304

Right-of-use assets, net

29,224

10,151

10,199

11,338

5,942

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill, net

391,084

662,375

663,005

674,130

548,770

548,685

548,915

548,838

548,916

549,037

549,064

548,890

548,778

548,741

549,582

551,030

551,027

548,959

308,827

304,658

304,658

188,541

364,054

364,054

348,957

348,957

343,139

230,290

230,290

230,290

230,980

230,980

230,980

44,815

44,815

44,815

44,815

Other intangible assets, net

282,462

290,211

301,533

355,596

286,562

294,603

302,715

310,983

319,841

328,205

336,872

345,521

353,847

362,178

370,640

378,994

387,359

396,295

147,253

153,654

161,635

92,119

180,330

188,323

170,595

178,064

185,421

122,611

127,706

132,815

137,959

143,143

148,391

1,315

1,662

2,180

3,910

Deferred tax asset, net

0

9,997

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,369

21,165

21,165

19,102

-

-

306

Long-term assets of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

202,707

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term assets

4,397

6,989

9,902

10,820

11,047

10,236

15,363

15,806

16,282

15,201

2,557

2,677

2,897

3,057

3,380

2,147

2,216

2,311

4,134

4,238

4,525

1,377

5,274

5,575

5,851

6,223

6,043

10,589

11,255

2,582

4,382

3,297

2,134

3,560

3,998

4,264

3,951

Total long-term assets

738,974

998,429

1,001,869

1,066,974

864,643

865,913

878,104

884,935

893,808

902,274

898,045

905,765

914,512

924,812

934,313

943,094

951,695

958,873

-

-

-

491,286

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

970,932

1,137,572

1,154,628

1,235,638

1,072,717

997,725

995,710

1,006,099

1,010,072

1,001,671

1,005,669

1,015,166

1,027,183

1,022,659

1,114,288

1,215,885

1,269,736

1,299,548

836,474

849,729

877,106

865,775

919,074

931,717

969,388

978,030

887,494

834,380

833,521

585,293

590,725

583,644

576,100

395,139

359,517

347,338

352,720

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable

30,085

10,969

12,139

7,945

10,230

3,798

2,158

4,472

7,703

4,413

3,161

3,741

7,223

4,536

5,840

3,198

9,906

4,689

33,570

31,274

40,432

419

42,886

43,257

56,001

61,268

50,862

35,048

41,043

37,687

36,954

35,023

35,561

28,947

8,685

12,503

2,699

Commissions and advisory fees payable

17,940

19,905

18,871

18,810

13,655

15,199

15,186

17,158

17,535

17,813

16,564

16,143

16,389

16,587

15,382

15,002

15,277

16,982

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other current liabilities

59,760

36,144

39,261

43,429

48,675

18,980

16,473

16,181

20,168

19,577

18,768

21,484

25,887

18,528

11,446

12,282

17,063

13,006

18,918

24,391

27,999

7,227

18,699

23,714

28,187

31,109

26,278

17,802

20,440

13,280

12,372

13,519

15,876

10,249

20,816

20,896

39,518

Deferred revenue—current

4,425

12,014

7,456

4,158

6,424

10,257

5,997

2,661

4,195

9,953

7,118

4,753

7,435

12,156

9,139

6,157

7,945

11,521

6,563

6,074

7,096

6,320

6,945

5,880

6,641

7,510

6,195

2,938

3,121

3,157

-

-

-

1

-

-

-

Lease liabilities—current

2,187

3,272

4,163

7,168

6,493

46

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term debt, net

56,229

11,228

1,227

919

-

0

-

-

-

-

2,560

2,560

2,560

2,560

3,200

3,200

3,200

31,631

0

0

0

0

7,917

7,912

7,910

7,903

-

-

6,948

4,590

2,233

-

6,914

-

-

-

-

Current liabilities of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

37,539

58,288

73,830

88,275

-

-

-

61,092

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,777

Convertible senior notes, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

181,583

-

-

-

-

-

-

-

-

-

-

-

Derivative instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,495

10,627

8,564

8,974

10,951

6,435

6,490

-

-

-

-

Total current liabilities

170,626

93,532

83,117

82,429

85,477

48,280

39,814

40,472

49,601

51,756

48,171

48,681

59,494

54,367

82,546

98,127

127,221

166,104

59,051

61,739

75,527

75,058

76,447

80,763

98,739

289,373

97,830

66,415

80,116

67,688

62,510

54,977

64,841

39,197

29,501

33,399

49,994

Long-term liabilities:
Long-term debt, net

381,521

381,485

381,598

381,579

260,570

260,390

260,208

260,029

299,078

338,081

344,232

353,848

212,264

248,221

283,801

326,252

344,891

353,850

30,000

30,000

54,940

51,940

55,261

57,242

69,218

113,193

65,120

64,005

66,949

69,278

71,604

74,307

77,268

-

-

-

-

Convertible senior notes, net

-

-

-

-

-

-

-

-

-

-

0

0

165,350

164,176

163,024

161,892

160,781

185,918

188,050

187,075

186,117

181,063

184,254

183,347

182,457

0

180,725

179,882

179,041

-

-

-

-

-

-

-

-

Deferred tax liability, net

47,502

0

35,225

44,840

39,422

40,394

42,356

42,652

42,684

43,433

59,118

58,905

59,102

111,126

104,236

89,197

98,501

103,520

15,024

23,178

26,624

20,282

41,341

38,443

47,366

56,861

56,020

28,817

31,602

29,333

48,149

48,812

50,188

21

-

-

-

Deferred revenue—long-term

6,941

7,172

7,403

7,635

7,890

8,581

500

501

500

804

1,031

759

1,145

1,849

2,479

3,009

2,868

1,902

2,382

2,910

2,844

1,915

2,331

2,889

2,882

1,814

2,143

2,626

2,477

1,319

-

-

-

-

-

-

-

Lease liabilities—long-term

31,509

5,916

6,055

6,911

2,118

100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

53,764

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

6,658

5,952

6,384

7,012

6,186

7,440

6,923

6,871

6,830

8,177

8,530

8,628

8,546

10,205

11,233

10,976

10,490

10,932

6,225

3,195

3,258

2,728

2,610

2,669

2,732

2,719

2,022

1,916

2,283

2,225

2,205

3,430

2,732

816

758

757

955

Total long-term liabilities

474,131

400,525

436,665

447,977

316,186

316,905

309,987

310,053

349,092

390,495

412,911

422,140

446,407

535,577

564,773

591,326

617,531

656,122

241,681

246,358

273,783

311,692

285,797

284,590

304,655

174,587

306,030

277,246

282,352

102,155

121,958

126,549

130,188

837

-

-

-

Total liabilities

644,757

494,057

519,782

530,406

401,663

365,185

349,801

350,525

398,693

442,251

461,082

470,821

505,901

589,944

647,319

689,453

744,752

822,226

300,732

308,097

349,310

386,750

362,244

365,353

403,394

463,960

403,860

343,661

362,468

169,843

184,468

181,526

195,029

40,034

30,259

34,156

50,949

Redeemable noncontrolling interests

-

-

0

0

2,500

24,945

22,224

18,460

18,238

18,033

16,162

15,998

15,822

15,696

15,464

15,297

15,182

15,038

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commitments and contingencies (Note 10)

-

-

-

-

-

-

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:
Common stock, par $0.0001—900,000 authorized shares; 49,148 shares issued and 47,842 shares outstanding at March 31, 2020; 49,059 shares issued and 47,753 shares outstanding at December 31, 2019

5

5

5

5

5

5

5

5

5

5

5

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

Additional paid-in capital

1,584,854

1,586,972

1,580,336

1,575,554

1,570,026

1,569,725

1,569,539

1,569,412

1,560,262

1,555,560

1,552,609

1,535,858

1,516,421

1,510,152

1,525,267

1,530,701

1,514,923

1,490,405

1,506,593

1,501,793

1,493,361

1,467,658

1,476,148

1,481,523

1,491,966

1,466,043

1,434,471

1,435,109

1,424,009

1,392,098

1,386,741

1,380,193

1,368,557

1,353,971

1,351,004

1,337,020

1,322,265

Accumulated deficit

-1,230,285

-914,791

-932,505

-870,119

-901,155

-961,689

-945,708

-932,050

-966,985

-1,014,174

-1,024,222

-1,007,325

-1,010,628

-1,092,756

-1,073,495

-1,019,376

-1,004,931

-1,027,598

-970,784

-960,173

-964,424

-987,524

-919,491

-917,253

-925,990

-951,977

-950,843

-944,362

-952,768

-976,376

-980,196

-977,798

-987,496

-998,902

-1,021,776

-1,023,851

-1,020,496

Accumulated other comprehensive loss

0

-272

-272

-208

-339

-446

-151

-253

-141

-4

33

-190

-337

-381

-271

-194

-194

-527

-71

8

-1,145

-1,113

169

2,090

14

0

2

-32

-192

-276

-292

-281

6

32

26

9

-2

Treasury stock, at cost—1,306 shares at March 31, 2020 and December 31, 2019

28,399

28,399

12,718

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total stockholders’ equity

326,175

643,515

634,846

705,232

668,537

607,595

623,685

637,114

593,141

541,387

528,425

528,347

505,460

417,019

451,505

511,135

509,802

462,284

535,742

541,632

527,796

479,025

556,830

566,364

565,994

514,070

483,634

490,719

471,053

415,450

406,257

402,118

381,071

355,105

329,258

313,182

301,771

Total liabilities and stockholders’ equity

970,932

1,137,572

1,154,628

1,235,638

1,072,717

997,725

995,710

1,006,099

1,010,072

1,001,671

1,005,669

1,015,166

1,027,183

1,022,659

1,114,288

1,215,885

1,269,736

1,299,548

836,474

849,729

877,106

865,775

919,074

931,717

969,388

978,030

887,494

834,380

833,521

585,293

590,725

583,644

576,100

395,139

359,517

347,338

352,720