MAGICJACK VOCALTEC LTD CALL Balance Sheet

Magicjack vocaltec ltd (CALL)

Balance Sheet / TTM

Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11
ASSETS
Current assets:
Cash and cash equivalents
62,108	58,896	53,850	52,638	51,254	47,041	48,310	52,394	51,526	46,681	45,500	78,589	79,569	82,327	82,935	75,945	75,198	72,029	58,843	45,997	53,017	42,625	40,247	18,959	25,383	34,030	32,179	12,961
Investments, at fair value
369	369	369	369	369	369	447	447	447	447	367	367	367	367	367	367	367	367	8,418	8,782	7,151	5,948	8,634	19,390	8,961	5,483	28,306	22,135
Accounts receivable, net of allowance for doubtful accounts and billing adjustments of $235 and $234, respectively
2,240	2,153	2,037	2,428	2,521	2,095	2,687	3,171	2,626	2,627	2,571	2,925	2,568	-	-	3,903	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable, net of allowance for doubtful accounts and billing adjustments of $528 and $1,171, respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	2,271	2,855	-	3,142	4,264	4,812	3,626	4,189	4,054	5,035	6,004	6,341	7,819	9,664	8,786
Inventories
2,018	1,825	1,700	1,880	2,047	2,646	3,307	4,441	4,463	4,430	5,238	5,723	6,240	6,771	6,856	5,635	3,345	3,534	3,385	4,490	4,565	6,485	5,142	5,340	6,651	8,018	7,237	8,676
Deferred costs
0	0	0	1,936	1,933	1,918	2,219	2,319	2,316	1,822	1,884	2,097	1,838	2,166	2,463	2,765	2,363	1,765	3,309	4,662	7,217	6,277	7,170	7,066	8,610	10,528	9,973	8,550
Contract costs, current portion
334	301	258	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid income taxes
646	844	1,328	2,016	2,374	2,713	3,858	527	602	852	1,552	2,747	-	581	12,508	12,513	10,528	9,746	10,373	11,956	0	2,647	-	98	-	-	-	-
Receivable from earnout escrow
-	-	-	-	0	2,000	2,000	2,000	2,000	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax assets, current
-	-	-	-	-	-	-	-	-	-	-	-	9,115	13,341	13,341	13,341	11,259	10,540	10,621	11,267	1,843	1,843	1,843	1,114	-	-	-	0
Deposits and other current assets
1,399	1,753	1,840	1,874	1,267	4,465	1,731	1,970	2,508	2,752	2,097	2,655	2,079	1,550	1,258	1,170	2,659	2,715	756	818	1,378	935	957	1,313	2,461	2,383	2,395	1,796
Total current assets
69,114	66,141	61,382	63,141	61,765	63,247	64,559	67,269	66,488	59,611	59,209	95,103	101,776	109,374	122,583	115,639	108,861	104,960	100,517	91,598	79,360	70,814	69,028	59,284	58,407	68,261	89,754	62,904
Property and equipment, net
1,997	2,264	2,521	2,772	3,074	3,173	3,515	3,805	3,805	3,773	3,891	3,302	3,520	3,704	3,898	3,564	3,525	3,405	3,252	1,959	2,073	2,189	2,308	2,348	2,481	2,611	2,522	2,669
Intangible assets, net
8,284	8,820	9,371	10,190	10,877	11,533	11,055	28,854	29,924	31,419	32,529	6,687	7,177	7,846	8,659	9,473	10,314	13,106	14,381	15,656	13,116	13,965	15,211	16,136	17,148	12,147	12,425	11,494
Goodwill
32,304	32,304	32,304	32,304	32,304	32,304	32,304	47,185	47,485	47,485	47,485	32,304	32,304	32,304	32,304	32,304	32,304	32,304	32,304	32,304	32,304	32,304	32,304	32,304	32,304	32,304	32,304	32,304
Deferred tax assets
31,270	31,467	31,496	31,726	34,478	35,659	37,479	26,568	30,824	29,829	29,748	30,689	30,798	29,511	31,908	32,510	30,797	31,753	29,684	29,684	9,831	9,831	9,831	9,831	-	-	-	-
Contract costs, net of current portion
519	541	523	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deposits and other non-current assets
788	814	825	909	866	793	890	836	819	887	859	751	749	756	741	743	744	757	712	693	685	644	829	864	1,172	1,219	1,246	1,259
Total assets
144,276	142,351	138,422	141,042	143,364	146,709	149,802	174,517	179,345	173,004	173,721	168,836	176,324	183,495	200,093	194,233	186,545	186,285	180,850	171,894	137,369	129,747	129,511	120,767	111,512	116,542	138,251	110,630
LIABILITIES AND CAPITAL EQUITY
Current liabilities:
Accounts payable
2,866	2,289	1,426	3,199	3,201	1,846	2,555	2,790	2,780	1,549	3,663	1,086	1,322	1,272	2,573	2,879	7,049	6,860	5,287	2,217	3,363	2,389	7,758	3,651	4,249	4,507	3,135	6,845
Income tax payable
-	-	-	-	-	-	-	1,527	-	-	-	0	2,369	2,504	10,254	9,197	-	-	-	2,020	-	-	-	-	-	-	-	-
Income tax payable
-	-	-	-	0	0	0	-	1,764	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses and other current liabilities
5,272	5,111	4,722	6,454	6,049	10,549	8,691	8,426	7,223	6,369	5,700	6,284	5,452	5,007	7,794	8,406	8,534	8,879	8,493	9,236	9,482	12,853	7,779	13,569	11,753	19,949	13,749	8,109
Accrued bonuses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	750	-
Deferred revenue, current portion
0	0	0	42,243	42,972	44,886	47,313	48,507	49,324	50,389	51,815	52,554	53,280	56,033	58,398	56,445	54,748	55,023	58,598	54,541	65,367	69,193	74,272	67,038	72,823	83,249	86,892	71,691
Contract liabilities, current portion
37,649	39,129	39,957	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current liabilities
45,787	46,529	46,105	51,896	52,222	57,281	58,559	61,250	61,091	58,307	61,178	59,924	62,423	64,816	79,019	76,927	70,331	70,762	72,378	68,014	78,212	84,435	89,809	84,258	88,825	107,705	104,526	86,645
Deferred revenue, net of current portion
0	0	0	38,797	40,071	41,510	43,292	44,201	45,811	47,484	49,134	50,146	51,078	52,599	54,520	54,782	58,756	59,547	56,329	59,951	57,489	55,082	53,700	58,165	54,438	52,868	50,649	46,143
Contract liabilities, net of current portion
35,095	36,602	37,915	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-current liabilities
14,183	13,994	14,164	13,787	12,529	12,577	12,183	10,866	13,451	12,369	12,328	11,098	11,919	11,279	14,877	13,438	6,046	6,025	7,061	6,487	2,674	2,574	3,958	3,114	3,071	2,983	4,362	4,219
Total liabilities
95,065	97,125	98,184	104,480	104,822	111,368	114,034	116,317	120,353	118,160	122,640	121,168	125,420	128,694	148,416	145,147	135,133	136,334	135,768	134,452	138,375	142,091	147,467	145,537	146,334	163,556	159,537	137,007
Commitments and contingencies (Note 9)
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
Capital equity
Ordinary shares, No par value; 100,000 shares authorized; 25,072 shares issued at September 30, 2018 and December 31, 2017
112,038	112,038	112,038	112,038	111,783	111,783	111,783	111,783	111,781	111,774	111,774	111,773	111,771	111,771	111,771	111,771	111,771	111,771	111,760	111,744	108,048	108,048	108,048	108,048	108,028	106,370	105,858	104,630
Additional paid-in capital
15,836	15,564	14,672	13,848	14,566	13,845	14,303	13,567	15,640	14,750	13,617	14,573	13,869	12,663	11,672	10,414	9,381	7,919	6,336	3,692	2,861	1,630	1,630	1,729	1,645	829	662	497
Accumulated other comprehensive loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-1,006	-642	-1,905	-3,109	-2,213	-1,494	-601	-487	-320	-783
Treasury stock (8,823 and 8,882 shares at September 30, 2018 and December 31, 2017, respectively)
117,402	117,930	117,930	118,146	119,381	119,410	120,300	120,300	122,994	123,023	123,138	126,772	120,891	112,477	107,658	107,683	108,126	108,126	108,126	108,151	95,495	95,495	95,495	93,541	82,113	76,829	40,319	35,358
Retained earnings
38,739	35,554	31,458	28,822	31,574	29,123	30,684	53,785	55,046	51,647	48,828	48,094	46,155	42,844	35,892	34,584	38,386	38,387	36,118	30,799	-14,515	-23,418	-29,926	-39,512	-61,781	-76,897	-87,167	-95,363
Total magicJack VocalTec LTD. shareholders' equity
-	-	-	-	38,542	35,341	36,470	58,835	59,473	54,844	51,081	47,668	50,904	54,801	51,677	49,086	51,412	49,951	45,082	37,442	-1,006	-12,344	-17,956	-24,770	-34,822	-47,014	-21,286	-26,377
Noncontrolling interest
-	-	-	-	0	0	-702	-635	-481	-304	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total capital equity
49,211	45,226	40,238	36,562	38,542	35,341	35,768	58,200	58,992	55,148	-	47,668	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities and capital equity
144,276	142,351	138,422	141,042	143,364	146,709	149,802	174,517	179,345	173,004	173,721	168,836	176,324	183,495	200,093	194,233	186,545	186,285	180,850	171,894	137,369	129,747	129,511	120,767	111,512	116,542	138,251	110,630