Balchem corporation (BCPC)
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

73,959

65,672

59,404

41,674

39,004

54,268

42,671

62,476

42,679

40,416

34,741

43,599

36,997

38,643

32,533

33,421

39,172

84,795

81,556

72,243

56,613

50,287

25,404

59,714

207,330

208,747

190,179

171,220

149,090

144,737

147,182

138,060

121,291

114,781

104,872

89,742

77,253

Accounts receivable, net of allowance for doubtful accounts of $2,511 and $2,080 at March 31, 2020 and December 31, 2019 respectively

105,867

93,444

93,995

101,595

99,834

99,545

101,205

98,595

96,001

91,226

86,715

84,791

79,171

83,252

68,841

67,072

69,365

60,485

64,220

63,498

64,088

71,982

72,607

74,459

43,812

39,386

40,510

39,679

45,678

41,999

36,931

36,847

37,977

34,433

36,415

38,527

32,050

Inventories

83,196

83,893

73,830

68,430

66,764

67,187

71,778

70,071

66,270

60,696

59,624

62,129

62,867

57,245

56,675

57,839

60,444

46,085

50,697

47,882

50,451

49,623

58,189

57,034

24,860

24,824

24,748

24,714

23,805

20,693

20,311

20,095

20,057

18,637

18,431

18,887

15,720

Prepaid expenses

4,134

4,385

4,107

5,344

3,510

3,830

3,769

4,923

3,958

4,774

3,230

4,950

3,339

4,110

2,814

4,232

2,979

3,208

2,475

3,246

3,370

4,545

2,488

3,850

2,127

2,580

1,580

1,954

2,222

3,048

1,869

2,025

2,172

2,793

1,608

1,808

2,328

Prepaid income taxes

527

5,098

5,448

977

-

0

4,546

2,600

-

-

5,375

2,817

-

-

8,066

4,530

1,373

-

427

1,899

-

-

949

0

0

899

104

0

0

326

0

0

0

4,142

641

1,732

1,199

Assets held for sale

-

-

-

12,313

11,748

-

237

237

677

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

0

0

0

712

814

811

819

810

1,392

1,413

1,372

1,390

991

1,009

887

893

1,020

801

694

593

579

599

587

556

604

635

552

Other current assets

2,998

2,454

3,165

1,552

806

1,484

1,500

2,235

2,223

2,224

3,924

3,509

4,582

4,480

3,042

1,100

3,306

2,909

3,363

3,296

3,233

3,475

3,167

3,205

5,866

445

321

433

447

513

580

633

762

398

315

129

550

Total current assets

270,681

254,946

239,949

231,885

221,666

226,314

225,706

241,137

211,808

199,336

193,609

201,795

186,956

188,442

172,785

169,005

177,458

198,292

204,130

193,477

179,127

181,302

163,795

199,271

284,882

277,774

258,462

238,801

221,936

211,909

207,452

198,259

182,846

175,740

162,886

151,460

129,652

Property, plant and equipment, net

215,279

216,859

200,805

204,019

188,036

190,919

194,081

184,767

187,935

189,793

184,246

182,721

164,626

165,754

166,680

172,793

173,068

158,515

149,169

139,749

133,494

131,588

128,237

129,897

54,394

54,916

54,784

54,512

54,181

52,725

47,468

44,329

44,569

44,282

44,484

44,894

43,388

Goodwill

522,785

523,998

504,094

506,852

446,453

447,995

449,015

441,554

441,361

441,361

441,259

440,215

439,811

439,811

444,083

445,390

441,668

383,906

383,906

383,906

383,906

383,906

385,646

385,646

28,515

28,515

28,515

28,515

28,515

28,515

28,515

28,515

28,515

28,515

28,515

28,515

28,515

Intangible assets with finite lives, net

136,515

143,924

134,397

139,769

100,088

109,405

111,142

115,873

121,945

128,073

134,511

140,577

140,541

147,484

154,842

162,752

173,769

134,911

141,216

147,752

154,135

160,394

167,291

174,224

14,158

15,126

16,104

17,084

17,894

18,858

19,747

20,735

21,715

22,706

23,695

24,668

26,649

Right of use assets

6,912

7,338

6,601

7,203

8,036

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative assets

-

-

2,171

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

9,940

8,617

8,611

8,592

7,609

6,722

6,132

6,136

4,940

5,073

5,213

5,371

9,451

7,135

8,442

4,352

4,263

4,062

4,173

4,096

4,180

4,341

3,831

3,886

501

541

540

538

537

538

474

473

476

474

422

425

420

Total assets

1,162,112

1,155,682

1,096,628

1,098,320

971,888

981,355

986,076

989,467

967,989

963,636

958,838

970,679

941,385

948,626

946,832

954,292

970,226

879,686

882,594

868,980

854,842

861,531

848,800

892,924

382,450

376,872

358,405

339,450

323,063

312,545

303,656

292,311

278,121

271,717

260,002

249,962

228,624

Liabilities and Stockholders' Equity
Current liabilities:
Trade accounts payable

23,630

37,267

36,739

29,439

26,342

33,345

32,891

30,079

26,674

28,451

24,952

24,939

21,543

32,514

16,165

18,163

23,313

14,708

18,780

19,091

20,041

24,352

20,648

21,799

13,236

12,395

9,338

10,315

12,201

14,276

11,906

12,397

13,140

11,526

7,144

9,063

9,755

Accrued expenses

35,848

24,604

22,693

22,979

20,922

22,025

20,590

21,206

23,390

22,930

23,286

18,900

19,555

14,758

17,324

16,082

15,523

12,829

17,049

14,863

16,555

15,614

17,951

18,122

12,605

10,732

12,177

11,460

11,977

11,820

11,218

11,568

9,334

8,435

12,838

13,268

9,250

Accrued compensation and other benefits

9,826

11,057

10,295

6,749

6,255

11,022

12,431

9,308

7,876

8,531

6,529

5,768

4,170

6,648

5,305

5,724

4,783

5,128

6,222

5,066

4,735

9,137

6,774

5,614

2,273

4,770

3,613

3,234

2,065

4,138

3,129

2,720

1,853

4,328

3,224

2,865

4,710

Customer deposits

-

-

-

-

-

-

-

-

38

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits and other deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

500

-

-

235

-

-

-

-

-

-

-

-

-

0

Dividends payable

137

16,855

78

78

78

15,220

39

39

45

13,484

19

19

19

12,088

0

0

0

10,727

0

0

0

9,251

0

0

0

7,856

-

-

-

0

0

0

0

5,237

0

0

4,311

Income tax payable

-

-

0

0

6,989

444

-

-

5,092

-

-

-

4,505

-

0

0

0

2,728

0

0

1,789

2,168

-

1,418

225

0

-

460

123

-

2,081

2,587

638

-

579

163

-

Liabilities held for sale

-

-

-

530

757

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liabilities - current

2,279

2,475

2,218

2,316

2,467

0

0

0

35,000

35,000

35,000

35,000

35,000

35,000

35,000

35,000

35,000

35,000

35,000

35,000

35,000

35,000

35,000

35,000

-

0

-

-

-

-

0

696

1,096

1,387

1,467

1,565

1,482

Total current liabilities

71,720

92,258

72,023

62,091

63,810

82,056

65,951

60,632

98,115

108,396

89,786

84,626

84,792

101,008

73,794

74,969

78,619

81,120

77,051

74,020

78,120

95,522

80,373

82,453

28,339

35,753

25,363

25,469

26,366

30,234

28,334

29,968

26,061

30,913

25,252

26,924

29,508

Revolving loan

253,569

248,569

218,569

228,569

140,000

156,000

178,000

210,750

-

183,964

0

31,500

16,000

19,000

28,000

45,000

65,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revolver loan - long-term

-

-

-

-

-

-

0

0

175,323

0

200,600

209,234

217,864

226,490

235,112

243,732

252,350

260,963

271,250

280,000

288,750

297,500

306,250

315,000

-

0

-

-

-

-

-

89

89

23

2,428

2,955

3,432

Deferred income taxes

57,095

56,431

57,008

57,386

44,311

44,309

49,461

48,547

48,534

48,548

77,096

77,704

73,495

74,199

86,157

87,259

87,067

67,215

70,631

70,669

70,701

70,661

79,507

83,445

5,931

5,884

6,385

5,282

5,316

5,868

4,853

5,185

5,679

5,984

4,985

4,787

5,642

Line of credit - long term

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50,000

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liabilities - non-current

4,336

4,827

4,367

4,873

5,559

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative liabilities

443

2,103

2,475

4,617

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term obligations

8,678

7,827

8,600

8,439

7,699

7,372

7,462

6,318

6,127

5,847

5,417

5,231

6,933

6,896

7,347

7,178

6,939

6,683

6,345

6,073

6,047

5,950

6,033

5,806

3,977

3,877

3,776

3,307

3,310

3,431

3,187

2,889

2,842

2,788

3,340

2,817

2,575

Total liabilities

395,841

412,015

363,042

365,975

261,379

289,737

300,874

326,247

328,099

346,755

372,899

408,295

399,084

427,593

430,410

458,138

489,975

415,981

425,277

430,762

443,618

469,633

472,163

536,704

38,247

45,514

35,524

34,058

34,992

39,533

36,374

38,131

34,671

39,708

36,005

37,483

41,157

Commitments and contingencies (Note 16)

-

-

-

-

-

-

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, $25 par value. Authorized 2,000,000 shares; none issued and outstanding

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

0

Common stock, $0.0667 par value. Authorized 120,000,000 shares; 32,447,415 shares issued and 32,316,842 shares outstanding at March 31, 2020 and 32,405,796 shares issued and 32,201,917 outstanding at December 31, 2019, respectively

2,164

2,161

2,160

2,157

2,156

2,151

2,150

2,148

2,140

2,135

2,133

2,127

2,125

2,117

2,115

2,108

2,105

2,102

2,101

2,096

2,071

2,058

2,047

2,033

2,025

2,016

2,004

1,990

1,977

1,964

1,957

1,953

1,951

1,944

1,931

1,929

1,917

Additional paid-in capital

173,581

174,218

173,760

169,743

166,762

165,098

163,870

161,005

154,030

151,749

149,699

143,704

142,867

137,676

134,745

128,809

125,926

122,594

120,571

115,619

104,113

97,289

90,901

83,934

81,479

77,517

72,417

67,349

61,822

57,198

55,178

53,275

51,724

49,933

45,665

44,257

38,557

Retained earnings

610,689

590,921

587,315

566,639

546,810

528,027

522,879

503,665

483,986

464,639

436,185

420,143

403,607

388,089

384,247

370,233

356,083

344,197

339,266

325,290

310,374

295,202

285,431

270,253

260,521

251,627

248,736

237,079

225,543

214,609

211,184

200,311

190,338

181,070

176,812

166,027

147,542

Accumulated other comprehensive loss

-8,469

-5,564

-9,055

-6,194

-4,686

-3,602

-3,697

-3,161

-266

-1,642

-2,078

-3,590

-6,298

-6,849

-4,685

-4,996

-3,863

-5,114

-4,414

-4,787

-5,334

-2,651

-1,742

0

178

198

-276

-1,026

-1,271

-759

-1,037

-1,359

-563

-938

-411

266

-549

Treasury stock, at cost: 130,573 and 203,879 shares at March 31, 2020 and December 31, 2019, respectively

11,694

18,069

20,594

0

533

56

-

437

-

0

-

-

-

-

0

0

0

74

207

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Total stockholders' equity

766,271

743,667

733,586

732,345

710,509

691,618

685,202

663,220

639,890

616,881

585,939

562,384

542,301

521,033

516,422

496,154

480,251

463,705

457,317

438,218

411,224

391,898

376,637

356,220

344,203

331,358

322,881

305,392

288,071

273,012

267,282

254,180

243,450

232,009

223,997

212,479

187,467

Total liabilities and stockholders' equity

1,162,112

1,155,682

1,096,628

1,098,320

971,888

981,355

986,076

989,467

967,989

963,636

958,838

970,679

941,385

948,626

946,832

954,292

970,226

879,686

882,594

868,980

854,842

861,531

848,800

892,924

382,450

376,872

358,405

339,450

323,063

312,545

303,656

292,311

278,121

271,717

260,002

249,962

228,624