Ceva inc (CEVA)
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
Current assets:
Cash and cash equivalents

22,903

22,803

14,851

24,527

21,469

22,260

9,212

10,700

18,382

21,739

22,931

17,103

12,621

18,401

19,998

18,664

11,315

18,909

16,316

12,084

13,993

16,166

14,042

22,893

28,201

24,117

11,607

7,539

10,000

18,422

21,680

20,507

6,322

14,954

22,695

14,379

17,098

Short term bank deposits

58,481

56,915

56,991

50,385

57,753

46,139

31,561

32,549

33,269

34,432

40,966

29,688

36,799

46,247

40,953

51,470

40,613

30,767

18,529

7,116

26,996

37,444

58,126

57,594

42,137

41,947

33,467

39,354

50,113

47,229

68,001

61,610

62,106

55,431

34,527

42,945

24,807

Marketable securities

67,909

64,867

70,462

76,123

77,587

77,469

78,783

82,446

85,212

82,664

74,459

73,209

64,255

61,868

58,930

52,383

54,291

48,266

48,268

50,262

47,945

47,833

39,491

42,863

65,338

68,464

80,503

79,273

73,640

69,343

51,968

54,531

69,225

69,027

80,010

80,167

73,874

Trade receivables (net of allowance for credit losses of $1,199 at March 31, 2020 and $327 at December 31, 2019)

24,925

28,307

26,813

22,019

19,351

26,156

7,577

9,246

13,902

16,494

12,885

10,389

13,777

15,044

17,250

10,775

6,709

4,068

9,137

9,390

11,376

8,347

8,289

5,070

3,066

5,629

9,144

9,186

7,340

6,232

6,015

4,702

5,479

5,116

4,485

3,622

5,906

Accrued revenues

-

-

-

-

-

-

16,456

8,753

9,425

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,978

1,878

1,943

-

4,780

3,584

3,278

3,457

2,810

2,565

2,294

2,065

1,993

2,015

1,703

2,248

1,973

2,355

1,288

Prepaid expenses and other current assets

6,981

5,660

5,682

7,432

7,630

5,264

5,904

6,244

4,136

3,747

4,588

4,819

4,596

3,152

2,945

3,826

2,935

4,017

3,869

5,325

5,393

3,982

4,578

2,672

3,641

1,996

2,438

3,071

3,670

2,361

2,373

2,468

2,819

2,320

4,508

5,186

4,609

Total current assets

181,199

178,552

174,799

180,486

183,790

177,288

149,493

149,938

164,326

159,076

155,829

135,208

132,048

144,712

140,076

137,118

115,863

106,027

98,097

86,055

107,646

113,772

129,306

134,676

145,661

145,610

139,969

140,988

147,057

145,652

152,030

145,833

147,654

149,096

148,198

148,654

127,582

Long-term assets:
Long term bank deposits

1,296

5,368

5,330

14,652

14,510

21,864

47,450

47,134

45,967

44,518

39,214

50,196

49,972

29,977

25,135

15,099

30,746

41,334

46,282

56,764

39,176

28,424

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Severance pay fund

9,827

9,881

9,732

9,866

9,629

9,026

9,242

9,022

9,086

8,910

9,243

8,956

8,335

7,941

8,072

7,720

7,678

7,297

7,212

7,773

7,265

7,011

7,258

7,580

7,273

7,215

6,940

6,615

6,606

6,130

5,791

5,645

5,802

5,473

5,525

5,858

5,433

Deferred tax assets, net

11,753

10,605

10,891

6,446

6,186

5,924

4,727

4,454

4,085

3,643

2,940

2,701

2,572

2,252

2,116

1,884

1,928

1,628

668

624

734

1,263

810

997

1,036

955

1,182

1,305

1,146

1,178

1,106

1,063

1,147

832

893

839

574

Property and equipment, net

7,944

7,879

7,891

7,416

7,265

7,344

7,979

8,100

6,805

6,926

6,698

6,157

5,826

4,805

4,831

4,105

3,844

3,731

2,994

2,836

2,727

2,605

2,171

1,463

1,531

1,616

1,723

1,707

1,536

1,392

1,192

1,177

1,193

1,235

1,192

1,308

1,348

Operating lease right-of-use assets

10,608

11,066

10,688

9,736

9,501

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

51,070

51,070

51,070

46,612

46,612

46,612

46,612

46,612

46,612

46,612

46,612

46,612

46,612

46,612

46,612

46,612

46,612

46,612

46,612

46,612

46,612

46,612

46,415

36,498

36,498

36,498

36,498

36,498

36,498

36,498

36,498

36,498

36,498

36,498

36,498

36,498

36,498

Intangible assets, net

12,771

13,424

17,353

2,122

2,411

2,700

3,004

3,307

3,583

1,742

2,051

2,360

2,669

2,978

3,287

3,596

3,905

4,214

4,538

4,863

5,187

5,512

6,130

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments in non-marketable equity securities

936

936

936

936

936

936

1,806

1,806

1,806

1,806

-

-

-

1,806

-

-

-

1,806

-

-

-

-

16,592

16,040

17,138

17,066

28,370

28,226

23,180

23,050

14,153

19,321

25,252

25,106

18,369

15,277

15,173

Other long-term assets

8,513

8,240

5,235

6,493

5,992

5,569

4,938

4,444

4,272

3,579

4,588

4,093

3,575

1,412

4,358

3,972

3,642

-

1,806

1,806

1,806

1,806

1,806

3,367

3,367

3,367

3,367

2,733

2,733

2,433

2,433

900

900

900

-

-

-

Total long-term assets

114,718

118,469

119,126

104,279

103,042

99,975

125,758

124,879

122,216

117,736

111,346

121,075

119,561

97,783

94,411

82,988

98,355

106,622

110,112

121,278

103,507

93,233

81,182

65,945

66,843

66,717

78,080

77,084

71,699

70,681

61,173

64,604

70,792

70,044

62,477

59,780

59,026

Total assets

295,917

297,021

293,925

284,765

286,832

277,263

275,251

274,817

286,542

276,812

267,175

256,283

251,609

242,495

234,487

220,106

214,218

212,649

208,209

207,333

211,153

207,005

210,488

200,621

212,504

212,327

218,049

218,072

218,756

216,333

213,203

210,437

218,446

219,140

210,675

208,434

186,608

Current liabilities:
Trade payables

925

701

1,319

542

750

632

1,000

1,034

499

392

468

290

381

571

1,116

1,249

1,423

693

875

918

1,276

864

1,159

894

622

1,085

674

1,198

1,087

1,176

1,009

1,006

831

580

562

850

616

Deferred revenues

4,034

3,642

4,766

2,395

2,811

3,593

3,614

2,717

4,973

4,399

4,274

3,388

6,283

6,258

4,032

2,113

1,429

2,763

2,045

2,803

2,078

1,681

2,315

762

800

623

513

539

483

865

867

1,032

602

1,074

1,450

3,646

616

Accrued expenses and other payables

3,013

3,748

4,003

4,490

3,710

4,344

3,920

4,543

4,113

3,927

3,070

3,006

3,869

4,015

4,490

3,623

4,410

3,633

3,230

3,052

3,227

3,793

6,558

2,211

2,646

2,955

2,570

2,595

2,819

3,462

8,261

8,077

10,018

3,493

9,353

9,535

10,521

Contingent consideration (Note 2)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

951

3,603

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued payroll and related benefits

17,266

15,894

13,164

12,081

14,139

13,183

12,529

12,556

13,958

14,077

10,655

10,496

12,023

11,751

11,641

10,843

11,516

11,894

9,774

10,047

11,249

10,054

9,380

5,752

7,810

7,681

6,631

6,411

8,058

6,978

-

-

-

6,921

-

-

-

Operating lease liabilities

2,375

2,393

2,442

1,824

1,549

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

462

397

775

-

2,120

1,911

1,858

1,833

1,863

2,127

1,782

1,626

1,710

1,542

1,295

545

-

-

-

Deferred tax liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

553

-

-

-

-

-

-

-

197

94

138

-

136

597

901

Total current liabilities

27,613

26,378

25,694

21,332

22,959

21,752

21,063

20,850

23,543

22,795

18,467

17,180

22,556

22,595

21,279

17,828

18,778

18,983

16,386

17,217

19,556

19,995

22,085

11,530

13,736

14,177

12,251

12,870

14,229

14,107

12,044

11,751

12,884

12,613

11,501

14,628

12,654

Long-term liabilities:
Accrued severance pay

10,607

10,551

10,447

10,592

10,349

9,632

9,800

9,601

9,784

9,347

9,752

9,450

8,875

8,349

8,533

8,201

8,168

7,571

7,471

8,050

7,551

7,096

7,351

7,677

7,383

7,255

7,034

6,722

6,725

6,158

5,856

5,697

5,957

5,607

5,782

5,902

5,486

Operating lease liabilities

7,788

8,273

7,879

7,621

7,651

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other accrued liabilities

637

662

545

575

561

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long term liabilities

-

-

-

-

-

-

-

-

400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liabilities (Note 13)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,096

1,199

1,302

865

1,597

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total long-term liabilities

19,032

19,486

18,871

18,788

18,561

9,632

9,800

9,601

10,184

9,347

9,752

9,450

8,875

8,349

8,533

8,201

8,168

7,571

8,567

9,249

8,853

7,961

8,948

-

-

7,255

-

-

-

6,158

-

-

-

5,607

-

-

5,486

Stockholders’ equity:
Preferred Stock: $0.001 par value: 5,000,000 shares authorized; 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

Common Stock: $0.001 par value: 45,000,000 shares authorized; 23,595,160 shares issued at March 31, 2020 (unaudited) and December 31, 2019. 21,999,660 and 21,839,369 shares outstanding at March 31, 2020 (unaudited) and December 31, 2019, respectively

22

22

22

22

22

22

22

22

22

22

22

22

22

21

21

21

20

21

20

20

21

20

20

20

21

21

22

22

22

22

22

23

23

24

23

23

23

Additional paid in-capital

225,583

228,005

225,483

223,306

221,071

223,250

221,248

219,333

217,923

217,417

215,532

213,504

212,632

212,103

210,519

209,334

209,886

208,744

212,333

211,102

210,275

209,426

208,398

207,276

206,107

204,415

202,919

201,159

199,813

198,495

197,138

195,814

194,285

191,945

189,256

187,378

176,838

Treasury stock at cost (1,595,500 and 1,755,791 shares of common stock at March 31, 2020 (unaudited) and December 31, 2019, respectively)

36,033

39,390

35,492

37,498

35,686

39,132

36,168

31,640

24,146

26,056

27,632

29,060

35,133

39,507

40,390

47,463

53,783

51,798

53,452

51,885

49,319

54,708

55,824

52,770

43,678

41,005

28,596

27,737

26,354

25,694

22,415

20,556

9,463

-

-

-

-

Accumulated other comprehensive gain (loss)

-349

94

-22

64

-427

-1,114

-1,284

-1,417

-1,188

-586

-201

-278

-289

-497

33

-6

-11

-419

-325

-139

-311

-436

-339

-64

-56

-81

-121

-367

247

360

280

-324

103

-901

-886

439

317

Retained earnings

60,049

62,426

59,369

58,751

60,332

62,853

60,570

58,068

60,204

53,873

51,235

45,465

42,946

39,431

34,492

32,191

31,160

29,547

24,680

21,769

22,078

24,747

27,200

26,952

28,991

27,545

24,540

25,403

24,074

22,885

20,278

18,032

14,657

9,852

4,999

64

-8,710

Total stockholders’ equity

249,272

251,157

249,360

244,645

245,312

245,879

244,388

244,366

252,815

244,670

238,956

229,653

220,178

211,551

204,675

194,077

187,272

186,095

183,256

180,867

182,744

179,049

179,455

181,414

191,385

190,895

198,764

198,480

197,802

196,068

195,303

192,989

199,605

200,920

193,392

187,904

168,468

Total liabilities and stockholders’ equity

295,917

297,021

293,925

284,765

286,832

277,263

275,251

274,817

286,542

276,812

267,175

256,283

251,609

242,495

234,487

220,106

214,218

212,649

208,209

207,333

211,153

207,005

210,488

200,621

212,504

212,327

218,049

218,072

218,756

216,333

213,203

210,437

218,446

219,140

210,675

208,434

186,608