Ballantyne strong, inc. (BTN)
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

6,546

4,951

4,388

2,869

4,989

6,698

5,659

6,847

3,348

4,870

4,049

2,800

4,529

7,596

13,834

12,787

20,826

17,862

24,749

24,661

23,882

22,491

24,016

26,903

25,491

28,791

26,333

45,121

41,863

40,168

36,763

35,854

37,289

39,889

22,444

20,799

22,250

Restricted cash

351

351

350

350

350

350

350

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

209

209

-

Accounts receivable (net of allowance for doubtful accounts of $1,217 and $1,291, respectively)

10,252

12,898

13,304

13,638

12,394

13,841

14,523

10,751

10,749

10,766

15,465

16,943

16,634

16,316

12,501

14,556

10,856

11,032

13,650

13,323

15,099

20,266

15,043

14,785

16,511

20,047

12,404

13,379

20,131

26,227

26,091

29,440

27,493

30,579

53,333

22,290

16,379

Raw materials and components, net

-

-

-

-

-

-

1,330

1,059

1,248

-

1,290

5,285

5,277

-

1,127

1,095

1,308

-

1,151

1,330

1,860

-

2,204

1,721

4,304

-

3,811

3,640

3,735

-

-

-

-

-

-

-

-

Work in process

-

-

-

-

-

-

419

456

496

-

395

418

433

-

669

416

405

-

345

534

512

-

870

611

359

-

407

1,053

1,548

-

-

-

-

-

-

-

-

Finished goods, net

-

-

-

-

-

-

2,194

2,136

2,449

-

5,295

1,261

1,314

-

6,307

6,259

9,310

-

9,241

10,590

9,710

-

13,457

11,995

10,597

-

9,667

8,565

8,373

-

-

-

-

-

-

-

-

Unbilled revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

272

2,017

2,530

2,586

502

702

7,057

Finished goods, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,910

10,229

10,225

-

10,841

15,238

-

Work in process

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,254

995

621

-

576

435

-

Raw materials and components, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,090

5,755

6,963

-

5,637

5,780

-

Inventories, net

2,794

2,879

3,395

3,459

3,615

3,490

3,943

3,651

4,193

4,821

6,980

6,964

7,024

6,563

8,103

7,770

11,023

7,192

10,737

12,454

12,082

14,108

16,531

14,327

15,260

15,185

13,885

13,258

13,656

10,971

14,254

16,979

17,809

14,920

17,054

21,453

28,603

Recoverable income taxes

262

190

55

435

735

281

330

607

492

495

431

1,041

880

672

539

516

383

85

111

162

147

1,255

5,021

4,175

3,445

2,207

-

-

-

2,069

-

-

-

793

285

9

5

Deposit on equipment to be leased

-

-

-

-

-

-

-

-

-

-

-

2,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,119

963

996

-

-

-

-

2,264

-

-

-

1,724

-

-

-

1,961

-

-

2,128

Deposit on Convergent acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,424

-

-

-

-

-

-

-

-

-

-

Other current assets

2,642

1,754

1,965

1,669

1,876

1,663

1,852

1,595

1,572

1,290

1,703

1,996

1,952

1,746

1,757

2,487

2,440

2,556

2,712

3,253

3,315

2,956

5,429

4,965

5,500

3,609

4,131

4,595

6,160

2,948

6,380

7,723

8,562

5,692

5,563

6,825

2,990

Current assets held for sale

-

-

-

-

-

-

-

-

-

-

0

0

160

188

1,684

1,797

-

7,219

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

638

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current assets

22,847

23,023

23,457

22,420

23,959

26,323

26,657

23,451

20,354

22,242

28,628

32,244

31,179

33,081

38,418

39,913

45,528

45,946

53,716

54,816

55,521

61,076

66,040

65,155

66,207

72,103

74,177

76,353

81,810

84,107

83,760

92,013

93,683

96,420

99,390

72,287

79,412

Investment in joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

405

430

1,849

1,917

1,724

2,070

Property, plant and equipment (net of accumulated depreciation of $10,299 and $10,238, respectively)

9,836

10,560

11,078

11,755

10,298

14,483

14,244

11,926

10,542

10,826

11,357

11,187

12,429

11,187

11,284

11,414

11,603

11,703

12,517

13,151

13,755

13,914

14,079

14,366

14,202

14,721

10,149

10,264

10,735

11,105

10,586

9,051

9,414

9,419

10,871

11,471

9,750

Operating lease right-of-use assets

5,438

5,581

5,603

5,831

9,588

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease right-of-use assets

2,333

2,563

2,037

1,236

839

692

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments

14,368

13,311

14,060

14,381

-

11,167

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,967

1,812

1,685

2,101

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity method investments

-

-

-

-

10,450

-

12,017

16,811

17,833

18,053

17,644

18,134

18,037

13,098

7,811

7,766

4,381

4,001

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,696

1,810

-

-

-

Intangible assets, net

1,453

1,534

1,601

1,685

1,748

1,795

1,818

2,673

3,947

3,972

3,973

3,641

1,805

2,357

847

526

341

235

264

941

1,037

1,168

1,074

937

939

895

635

-

-

105

-

-

-

262

-

-

701

Goodwill

842

919

902

899

894

875

922

907

926

952

957

920

898

889

910

924

919

863

895

956

943

1,029

1,066

1,119

1,080

1,123

1,163

-

-

-

-

-

-

-

-

-

-

Notes receivable

-

-

1,812

2,658

3,455

3,965

3,768

2,965

2,773

2,815

1,669

1,669

1,669

1,669

1,669

1,669

1,669

1,669

1,669

3,264

3,121

2,985

2,855

2,730

2,611

2,497

2,388

2,232

2,232

2,232

2,217

2,212

2,106

2,062

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

0

0

0

84

-

-

-

-

0

-

-

7,736

-

-

-

1,393

-

-

-

1,936

-

-

-

1,596

2,143

601

76

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

98

142

230

247

326

337

405

481

656

154

170

165

67

74

68

105

74

281

570

876

1,145

1,447

3,977

4,396

3,672

2,712

2,172

2,277

2,311

61

2,311

2,240

2,374

38

2,446

525

22

Noncurrent assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

65

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

57,215

57,633

60,780

61,112

61,557

59,637

59,831

59,214

57,031

59,014

64,398

67,960

66,084

62,439

62,974

64,129

66,200

66,864

69,631

74,004

75,522

89,355

89,091

88,703

88,711

95,444

90,684

91,126

97,088

99,546

98,874

105,921

109,703

113,456

116,767

86,608

92,031

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable

5,139

3,273

6,064

5,089

4,092

4,724

3,558

4,049

4,221

3,425

6,301

7,062

7,402

5,175

5,236

6,464

7,712

4,948

7,616

6,881

6,356

9,039

10,798

9,030

9,483

12,844

9,028

8,882

14,845

16,646

19,963

27,054

31,740

31,924

40,549

20,063

30,751

Accrued expenses

3,830

4,416

3,342

2,986

2,709

2,782

3,562

3,709

3,562

2,882

3,686

3,793

4,251

4,097

4,131

3,072

3,651

3,583

4,738

5,389

4,932

4,366

4,174

4,445

4,962

6,236

4,520

4,558

4,973

5,313

-

-

-

4,820

-

-

-

Short-term debt

3,188

3,080

3,123

3,237

3,340

3,152

2,607

2,620

500

500

500

2,500

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term debt

1,016

998

979

970

923

1,094

983

508

65

65

64

63

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of operating lease obligations

974

971

939

982

1,833

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of finance lease obligations

1,633

1,586

1,317

1,052

181

160

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of capital lease obligations

-

-

-

-

-

-

-

-

-

189

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue and customer deposits

3,175

2,981

3,376

3,885

2,323

2,310

2,993

2,781

2,314

1,619

-

-

-

4,211

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,249

3,403

3,824

-

3,825

3,935

3,890

Customer deposits/deferred revenue

-

-

-

-

-

-

-

-

-

-

3,057

3,201

4,130

-

3,375

3,005

4,366

3,550

4,203

5,034

4,266

5,473

3,142

3,525

3,621

3,474

2,726

4,348

4,555

5,251

4,697

5,029

5,164

5,037

3,346

3,762

2,850

Income tax payable

-

-

-

-

-

-

22

152

40

-

15

198

153

108

82

132

206

1,291

1,166

640

690

1,009

726

458

496

888

57

-

-

-

-

842

1,103

4,135

3,693

685

1,521

Current liabilities held for sale

-

-

-

-

-

-

-

-

-

-

0

0

52

57

606

737

-

4,395

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

18,955

17,305

19,140

18,201

15,401

14,222

13,725

13,819

10,702

8,680

13,623

16,817

15,988

13,648

13,430

13,410

15,935

17,767

17,723

17,944

16,244

19,887

18,840

17,458

18,562

23,442

16,331

17,788

24,373

27,210

28,909

36,328

41,831

45,916

51,413

28,445

39,012

Long-term debt, net of current portion and debt issuance costs

2,757

3,019

3,275

3,518

3,645

10,053

9,721

7,993

1,855

1,870

1,884

1,899

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease obligations, net of current portion

4,632

4,809

4,894

5,111

8,042

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease obligations, net of current portion

3,561

3,988

3,794

3,437

590

427

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital lease obligations, net of current portion

-

-

-

-

-

-

-

-

-

113

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue and customer deposits, net of current portion

32

38

1,152

1,160

1,171

1,167

1,182

1,181

1,207

1,207

-

-

-

1,226

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

2,918

2,649

-

-

-

2,516

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

1,214

1,226

1,223

-

1,231

1,266

1,277

1,288

1,525

1,766

1,986

2,230

2,413

2,602

2,643

3,008

3,081

2,936

3,144

3,302

3,202

-

-

3,569

3,584

-

-

Deferred income taxes

-

-

2,476

2,329

2,577

-

2,636

2,790

2,852

2,816

2,522

2,704

2,629

1,841

1,548

1,605

1,836

1,716

2,346

1,633

1,583

0

766

815

755

790

816

646

583

580

-

-

-

397

-

-

266

Other accrued expenses, net of current portion

-

-

91

84

87

-

184

207

257

206

398

491

527

570

811

1,306

1,509

1,581

1,523

-

-

1,776

-

-

-

-

1,821

1,830

-

-

-

-

-

-

-

-

377

Other accrued expenses, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,100

1,422

-

1,716

1,746

1,781

1,748

-

-

1,768

1,538

-

-

-

351

-

-

-

Other long-term liabilities

110

116

-

-

-

254

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,286

4,501

4,336

-

702

690

-

Total liabilities

32,965

31,924

34,822

33,840

31,513

28,639

27,448

25,990

16,873

14,892

19,641

23,137

20,367

17,285

17,020

17,587

20,557

22,352

23,117

22,443

21,235

23,893

23,735

22,621

23,741

28,988

22,049

23,200

29,868

32,630

33,397

40,829

46,167

50,233

55,699

29,135

39,655

Commitments, contingencies and concentrations (Note 13)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

0

0

0

Stockholders' equity:
Preferred stock, par value $.01 per share; authorized 1,000 shares, none outstanding

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

0

-

-

-

-

-

0

0

-

0

0

0

Common stock, par value $.01 per share; authorized 25,000 shares; issued 17,445 and 17,410 shares at March 31, 2020 and December 31, 2019, respectively; outstanding 14,651 and 14,616 shares at March 31, 2020 and December 31, 2019, respectively

174

174

169

169

169

172

169

169

169

169

169

169

169

169

169

169

169

169

168

168

168

168

167

167

167

167

167

167

167

167

167

167

167

167

167

166

164

Additional paid-in capital

42,862

42,589

42,272

41,938

41,717

41,471

41,285

41,121

40,820

40,565

40,364

40,121

39,892

39,758

39,614

39,454

39,340

39,157

38,927

38,809

38,768

38,657

38,524

38,431

38,332

38,231

38,116

37,988

37,869

37,770

37,658

37,551

37,450

37,234

37,151

37,026

36,241

Foreign currency translation

-

-

-

-

-5,051

-

-4,633

-4,878

-4,515

-4,048

-4,202

-4,891

-5,600

-5,709

-4,901

-4,604

-4,637

-6,229

-5,258

-

-

-2,325

-

-

-

-

-

-

-

-

435

-177

182

-

-593

677

260

Foreign currency translation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,293

-3,446

-

-2,072

-1,362

-1,989

-959

-287

-822

-132

269

-

-

-

-137

-

-

-

Postretirement benefit obligations

-

-

-

-

-127

-

-114

-108

-108

-99

-97

-97

-97

-97

-74

-74

-74

-74

-139

-139

-139

-139

-190

-190

-190

-190

-46

-46

-46

-46

-

-

-

-81

-

-

-

Unrealized loss on available-for-sale securities of equity method investment

-

-

-

-

-286

-

150

183

301

353

351

315

134

136

62

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain on available-for-sale securities of equity method investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Minimum pension liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-81

-81

-81

-

-80

-80

-80

Retained earnings

5,554

6,001

6,748

8,536

11,954

13,319

13,884

15,107

21,861

25,570

26,564

27,598

29,574

29,187

29,345

29,815

28,982

29,595

30,778

33,977

36,897

47,062

46,786

46,895

46,509

47,066

48,832

48,786

47,509

46,903

45,375

45,620

43,806

41,361

39,746

35,007

31,014

Stockholder's equity before treasury stock

-

-

-

-

48,630

-

50,969

51,810

58,744

62,708

63,343

63,409

64,266

63,638

64,363

64,929

63,928

62,766

64,754

69,800

72,526

83,701

83,595

84,321

83,209

84,695

86,874

86,165

85,459

85,155

83,716

83,242

81,686

78,706

76,551

72,956

67,759

Less 2,794 of common shares in treasury, at cost

18,586

18,586

18,586

18,586

18,586

18,586

18,586

18,586

18,586

18,586

18,586

18,586

18,549

18,484

18,409

18,387

18,285

18,254

18,240

18,239

18,239

18,239

18,239

18,239

18,239

18,239

18,239

18,239

18,239

18,239

18,239

18,150

18,150

15,483

15,483

15,483

15,383

Accumulated other comprehensive loss

-5,754

-4,469

-4,645

-4,785

-

-5,378

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total stockholders' equity

24,250

25,709

25,958

27,272

30,044

30,998

32,383

33,224

40,158

44,122

44,757

44,823

45,717

45,154

45,954

46,542

45,643

44,512

46,514

51,561

54,287

65,462

65,356

66,082

64,970

66,456

-

-

-

66,916

65,477

65,092

63,536

63,223

61,068

-

52,376

Total stockholders equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

68,635

67,926

67,220

-

-

-

-

-

-

57,473

-

Total liabilities and stockholders' equity

57,215

57,633

60,780

61,112

61,557

59,637

59,831

59,214

57,031

59,014

64,398

67,960

66,084

62,439

62,974

64,129

66,200

66,864

69,631

74,004

75,522

89,355

89,091

88,703

88,711

95,444

90,684

91,126

97,088

99,546

98,874

105,921

109,703

113,456

116,767

86,608

92,031