Ceco environmental corp (CECE)
Balance Sheet / Yearly
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

82,528

35,602

28,963

28,828

28,167

43,676

30,718

35,556

33,089

29,902

24,567

27,166

44,999

45,824

41,814

56,606

33,390

34,194

30,763

17,089

18,990

18,162

18,039

17,788

19,227

22,661

13,586

5,066

6,926

22,994

24,455

19,779

19,860

12,724

9,918

8,439

5,792

Restricted cash

1,578

1,356

1,276

1,127

738

762

774

-

-

591

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

284

933

-

873

1,150

1,272

1,498

1,427

5,000

5,430

5,319

5,350

-

-

1,200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net

55,638

68,434

58,091

60,037

72,963

53,225

67,804

67,796

63,796

67,990

70,504

66,131

76,726

83,062

83,359

84,565

84,828

97,778

100,758

65,767

59,193

58,394

47,639

41,298

43,446

44,364

41,164

28,283

26,802

29,499

21,281

18,335

20,268

23,109

20,618

20,061

26,772

Costs and estimated earnings in excess of billings on uncompleted contracts

39,160

34,805

34,409

32,205

31,701

29,694

-

-

-

33,947

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Costs and estimated earnings in excess of billings on uncompleted contracts

-

-

-

-

-

-

29,991

35,188

36,214

-

39,964

40,774

33,447

38,123

38,370

40,770

44,156

43,175

58,686

31,810

31,985

24,371

13,999

15,215

10,373

11,110

16,892

13,713

12,372

5,747

7,057

6,857

6,274

10,643

10,268

10,569

8,345

Inventories, net

18,608

20,578

19,659

22,376

19,780

20,817

22,276

22,450

22,083

20,969

21,750

21,931

21,498

21,487

23,945

27,129

30,564

32,509

29,850

22,752

23,818

23,416

26,541

24,063

24,768

25,164

26,259

6,080

6,436

3,898

4,292

4,490

4,558

4,344

5,056

5,381

4,432

Prepaid expenses and other current assets

12,681

9,899

12,879

12,754

10,439

10,117

11,943

12,601

13,748

10,760

12,984

12,791

12,282

13,560

14,759

15,831

11,999

9,058

11,812

-

-

9,046

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid and refundable income taxes

-

-

-

-

-

1,388

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,185

8,629

-

6,594

6,153

6,690

6,651

6,752

6,682

5,825

1,943

2,399

3,313

2,171

2,650

2,605

2,819

2,509

Prepaid income taxes

7,547

8,231

2,419

2,005

-

-

2,008

699

243

1,930

1,300

1,064

2,709

1,590

1,595

1,342

3,974

4,724

4,990

4,870

4,373

4,190

8,471

5,622

3,527

3,527

9,118

-

-

240

-

-

-

-

-

-

-

Assets held for sale

578

593

589

1,182

1,170

1,186

4,847

6,708

7,736

7,853

8,001

8,108

7,826

7,834

8,086

2,413

1,718

1,699

2,500

1,544

4,033

4,188

4,210

4,243

-

10,959

-

-

-

-

-

-

-

-

67

67

76

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,356

-

8,723

-

-

-

-

-

-

-

0

0

526

Total current assets

218,318

179,498

158,285

160,514

164,958

160,865

170,361

181,282

177,842

173,942

179,943

179,115

200,759

212,978

213,355

233,656

216,059

228,456

244,709

152,017

151,021

142,967

125,493

114,382

114,387

124,436

122,494

59,824

58,361

64,321

59,484

52,774

53,131

53,470

48,532

47,336

48,452

Property, plant and equipment, net

15,703

15,274

13,857

11,858

11,650

22,200

21,889

22,161

23,042

23,400

24,667

25,532

26,452

27,270

28,773

40,779

43,404

44,981

47,489

17,165

17,739

18,961

18,173

19,432

20,215

21,035

22,381

5,529

5,622

4,885

5,128

5,345

5,502

5,651

5,679

5,643

5,880

Right-of-use assets from operating leases

13,408

13,607

13,810

13,056

13,260

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

151,676

152,020

151,969

152,199

152,066

152,156

152,362

152,371

152,780

166,951

171,239

170,847

170,293

170,153

224,531

220,675

221,717

220,163

232,240

169,324

168,126

165,861

144,267

134,001

133,296

134,062

133,551

27,578

35,705

19,548

14,777

14,668

14,741

14,661

14,628

14,776

14,713

Intangible assets – finite life, net

29,460

31,283

33,252

35,527

37,633

35,959

38,548

42,444

45,288

49,956

52,749

55,449

57,906

60,728

63,976

67,388

71,316

74,957

83,975

52,420

54,833

58,398

40,399

42,933

44,746

46,611

49,102

13,984

4,380

1,283

274

350

432

526

619

715

966

Intangible assets – indefinite life

14,242

14,291

14,280

14,342

14,314

18,258

18,286

18,300

18,412

19,691

22,381

22,268

22,085

22,042

26,393

26,376

26,458

26,337

30,249

19,528

19,465

19,766

18,169

18,394

18,405

18,419

18,208

6,348

5,432

3,526

3,230

3,217

3,226

3,218

3,214

3,233

3,225

Deferred income tax asset, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,003

-

-

-

66

2,889

-

-

-

848

848

848

848

602

602

602

Deferred charges and other assets

2,450

2,664

4,187

4,230

2,788

3,144

3,773

4,843

4,755

4,609

4,564

5,149

4,809

5,463

4,930

2,828

2,944

3,925

8,158

-

-

3,151

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred charges and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,287

6,244

-

4,051

4,484

4,758

4,581

-

-

-

541

-

-

-

-

-

-

-

Deferred charges and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,011

4,297

4,595

-

714

744

769

971

1,023

754

953

Total assets

445,257

408,637

389,640

391,726

396,669

392,582

405,219

421,401

422,119

438,549

455,543

458,360

482,304

498,634

561,958

591,702

581,898

598,819

646,820

416,741

417,428

412,107

350,552

333,626

335,807

349,210

353,636

117,560

114,095

94,104

84,455

77,946

78,649

79,345

74,297

73,059

74,791

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current portion of debt

2,500

2,500

2,500

2,500

-

-

-

-

-

11,296

9,645

7,742

8,852

8,827

10,216

16,553

17,714

19,494

19,699

12,317

11,463

8,887

8,236

7,013

6,909

9,922

8,518

1,579

1,941

-

-

-

-

-

-

-

-

Current debt (Note 8)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

317

-

Accounts payable and accrued expenses

71,988

78,319

78,264

75,084

79,201

80,229

78,750

79,352

77,367

70,786

77,655

81,592

81,796

95,610

90,076

104,256

95,207

99,097

104,949

56,504

57,117

53,819

33,565

26,557

27,611

34,356

30,320

20,101

19,206

15,093

12,101

10,867

11,117

13,569

12,000

14,337

17,041

Billings in excess of costs and estimated earnings on uncompleted contracts

33,925

34,369

23,013

22,015

23,596

20,144

-

-

-

20,469

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Billings in excess of costs and estimated earnings on uncompleted contracts

-

-

-

-

-

-

28,605

23,340

18,215

-

21,038

23,545

34,211

35,085

34,854

39,105

28,035

28,000

23,341

14,177

15,029

14,728

12,812

11,319

12,280

13,486

15,751

12,114

12,410

11,368

8,501

6,706

9,038

9,647

8,494

5,496

7,810

Note payable

-

-

-

-

-

1,700

3,800

5,300

5,300

5,300

5,300

5,300

5,300

5,300

5,300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

-

-

-

-

1,137

1,813

-

1,612

3,073

-

924

322

1,793

1,536

4,236

471

1,693

1,582

646

759

265

405

1,131

775

2,227

1,569

-

0

2,005

1,079

1,531

1,272

807

393

475

1,158

1,646

Total current liabilities

108,413

115,188

103,777

99,599

103,934

103,886

111,155

109,604

103,955

107,851

114,562

118,501

131,952

146,358

144,682

160,385

142,649

148,173

148,635

83,757

83,874

77,839

55,744

45,664

49,027

59,333

54,589

33,794

35,562

27,540

22,133

18,845

20,962

23,609

20,969

21,308

26,497

Other liabilities

19,918

20,372

18,649

19,343

22,572

26,925

29,542

30,407

30,103

30,382

23,873

25,326

37,526

34,864

34,165

32,286

22,126

30,072

29,416

27,584

26,997

27,884

11,180

10,207

10,278

10,302

12,629

6,471

6,131

4,442

3,197

3,165

3,160

3,146

2,212

2,322

2,320

Debt, less current portion

105,481

63,001

64,995

72,539

74,725

74,456

79,175

80,895

84,704

103,537

107,287

107,045

110,565

114,366

123,231

135,976

152,916

157,834

174,584

99,373

101,442

102,969

76,074

72,170

75,264

79,160

83,103

-

770

-

-

-

-

-

-

-

-

Deferred income tax liability, net

5,902

5,943

6,717

6,976

7,226

8,755

7,942

9,268

8,784

10,210

12,754

12,870

12,899

12,964

15,416

16,072

17,638

17,719

43,561

25,471

25,783

22,191

29,690

29,982

29,370

30,009

34,892

4,207

1,426

128

-

-

-

-

-

-

-

Operating lease liabilities

10,937

11,116

11,328

10,700

10,822

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Convertible subordinated notes (including related parties notes of $3,950 in 2011)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,760

9,160

9,400

9,600

10,100

10,600

10,800

Total liabilities

250,651

215,620

205,466

209,157

219,279

214,022

227,814

230,174

227,546

251,980

258,476

263,742

292,942

308,552

317,494

344,719

335,329

353,798

396,196

236,185

238,096

230,883

172,688

158,023

163,939

178,804

185,213

44,472

43,889

32,110

34,090

31,170

33,522

36,355

33,281

34,230

39,617

Commitments and contingencies

-

-

-

-

-

-

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

Shareholders’ equity:
Preferred stock, $.01 par value; 10,000 shares authorized, none issued

-

-

-

-

-

-

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, $.01 par value; 100,000,000 shares authorized, 35,337,859 and 35,275,465 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

354

353

353

352

349

349

350

349

347

347

347

346

346

343

341

341

341

340

340

264

264

264

259

258

257

257

257

179

179

171

148

147

147

146

146

145

144

Capital in excess of par value

254,313

253,869

253,757

252,916

252,199

251,409

250,591

249,674

248,860

248,170

247,601

246,974

246,259

244,878

244,316

244,705

243,963

243,274

242,571

169,935

169,420

168,886

161,360

160,186

159,527

159,566

159,774

63,035

62,467

54,800

45,393

44,672

44,656

44,249

44,155

43,463

43,237

Accumulated loss

-42,932

-46,344

-54,736

-56,668

-62,165

-59,427

-60,355

-47,420

-46,495

-52,673

-41,079

-41,501

-44,394

-41,741

11,688

8,136

6,329

5,472

10,794

17,863

17,510

19,051

18,754

16,599

13,650

11,911

10,426

13,169

11,010

9,691

7,410

4,806

2,834

1,301

-1,076

-3,032

-6,243

Accumulated other comprehensive loss

-16,773

-14,505

-14,844

-13,675

-12,637

-13,415

-12,825

-11,020

-7,783

-8,919

-9,446

-10,845

-12,493

-13,042

-11,525

-11,653

-9,531

-9,577

-8,725

-7,150

-7,506

-6,621

-2,153

-1,084

-1,210

-972

-1,678

-2,939

-3,094

-2,312

-2,230

-2,493

-2,154

-2,350

-1,801

-1,391

-1,608

Stockholders' equity before treasury stock

194,962

193,373

184,530

182,925

177,746

178,916

177,761

191,583

194,929

186,925

197,423

194,974

189,718

190,438

244,820

241,529

241,102

239,509

244,980

180,912

179,688

181,580

178,220

175,959

172,224

170,762

168,779

73,444

70,562

62,350

50,721

47,132

45,483

43,346

41,424

39,185

35,530

Less treasury stock, at cost, 137,920 shares at March 31, 2020 and December 31, 2019

356

356

356

356

356

356

356

-

-

356

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less treasury stock, at cost, 137,920 shares at June 30, 2018 and December 31, 2017

-

-

-

-

-

-

-

356

356

-

356

356

356

356

356

356

356

356

356

356

356

356

356

356

356

356

356

356

356

356

356

356

356

356

408

356

356

Total shareholders’ equity

194,606

193,017

184,174

182,569

177,390

178,560

177,405

191,227

194,573

186,569

-

-

-

190,082

244,464

241,173

240,746

239,153

244,624

180,556

179,332

181,224

177,864

175,603

171,868

170,406

168,423

73,088

70,206

61,994

50,365

46,776

45,127

42,990

41,016

38,829

35,174

Noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,810

5,823

5,868

6,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total shareholders equity

-

-

-

-

-

-

-

-

-

-

197,067

194,618

189,362

-

244,464

246,983

246,569

245,021

250,624

-

-

181,224

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and shareholders' equity

445,257

408,637

389,640

391,726

396,669

392,582

405,219

421,401

422,119

438,549

455,543

458,360

482,304

498,634

561,958

591,702

581,898

598,819

646,820

416,741

417,428

412,107

350,552

333,626

335,807

349,210

353,636

117,560

114,095

94,104

84,455

77,946

78,649

79,345

74,297

73,059

74,791