Charah Solutions, Inc. CHRA Balance Sheet

Charah solutions, inc. (CHRA)

Balance Sheet / Yearly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Dec'17
Assets
Current assets:
Cash
26,310	4,913	-	-	-	-	-	-	-
Restricted cash
1,215	1,215	-	-	-	-	-	-	-
Cash
-	-	7,586	9,581	6,459	6,900	3,981	14,998	32,264
Restricted cash
-	-	-	-	-	0	-	-	-
Trade accounts receivable, net
78,890	50,570	68,072	47,706	63,828	60,742	74,782	58,364	47,227
Receivable from affiliates
-	-	-	-	-	894	-	-	-
Receivable from affiliates
82	390	598	828	893	-	260	120	38
Contract assets
27,159	20,641	11,550	90,375	-	86,710	-	-	-
Costs in Excess of Billings, Current
-	-	-	-	95,326	-	62,549	30,264	7,959
Inventory
11,987	14,792	15,487	22,306	24,466	25,797	24,557	20,902	1,666
Income tax receivable
595	1,374	2,860	-	-	0	-	-	-
Prepaid expenses and other current assets
4,878	4,615	5,781	3,946	4,584	5,133	6,416	6,899	4,644
Total current assets
151,116	98,510	111,934	174,742	195,556	186,176	172,545	131,547	93,798
Plant, machinery and equipment
-	-	73,808	73,482	74,085	-	73,816	68,321	42,565
Structural fill site improvements
-	-	55,760	55,760	55,760	-	55,760	55,760	55,760
Vehicles
-	-	19,455	19,726	20,523	-	15,630	15,670	16,478
Office equipment
-	-	2,537	2,322	1,882	-	1,473	712	638
Buildings and leasehold improvements
-	-	262	262	262	-	285	239	240
Structural fill sites
-	-	7,110	7,110	7,110	-	7,110	7,110	7,110
Construction in progress
-	-	10,636	9,596	6,790	-	-	-	0
Total property and equipment
-	-	169,568	168,258	166,412	-	154,074	147,812	122,791
Less accumulated depreciation
-	-	83,994	80,969	78,375	-	57,231	38,159	22,861
Property and equipment, net
79,796	85,294	85,574	87,289	88,037	88,941	96,843	109,653	99,930
Trade names, net
-	-	34,816	34,850	34,885	-	34,900	34,931	34,330
Other intangible assets, net
-	-	0	0	0	-	69	75	87
Goodwill
74,213	74,213	74,213	74,213	74,213	74,213	73,468	76,431	73,468
Intangible assets, net
90,378	92,473	-	-	-	100,873	-	-	-
Deferred Income Tax Assets, Net
-	-	-	-	-	2,747	-	-	-
Deferred tax asset
-	-	-	9,136	-	-	3,076	-	0
Equity method investments
4,781	5,078	5,294	5,218	5,102	5,060	5,389	5,354	5,006
Other assets
1,384	188	0	0	0	891	2,659	2,030	0
Total assets
401,668	355,756	381,832	447,260	465,173	458,901	458,763	431,933	377,651
Liabilities, mezzanine equity and stockholders’ equity
Current liabilities:
Accounts payable
18,942	25,510	29,575	29,273	20,064	24,821	19,928	24,322	15,247
Contract with Customer, Liability, Net, Current
-	-	-	-	-	1,352	-	-	-
Contract liabilities
428	582	393	160	-	-	-	-	-
Billings in Excess of Cost, Current
-	-	-	-	1,052	-	4,599	7,099	15,882
Notes payable, current maturities
37,563	34,873	60,565	108,722	17,095	23,268	20,766	8,185	19,996
Accrued payroll and bonuses
-	-	23,373	11,588	33,843	-	34,197	17,982	16,036
Asset retirement obligation, current portion
7,836	9,944	13,738	14,126	15,196	14,704	8,906	1,086	1,072
Purchase option liability
7,110	7,110	7,110	7,110	7,110	10,017	18,178	5,061	5,061
Accrued liabilities
59,493	35,490	20,735	20,628	21,564	37,953	33,135	13,070	7,959
Other current liabilities
1,180	1,116	1,207	905	471	0	0	0	198
Total current liabilities
132,552	114,625	156,696	192,512	116,395	112,115	139,709	76,805	81,451
Long-term liabilities:
Deferred tax liabilities
1,492	1,492	-	-	-	0	-	-	-
Purchase option liability, less current portion
-	-	-	-	-	-	0	17,653	20,183
Contingent payments for acquisitions
11,538	11,481	11,417	11,349	11,281	11,214	12,037	15,000	0
Asset retirement obligation
5,151	5,187	4,029	6,819	9,022	11,361	-	-	0
Line of credit
27,000	19,000	10,215	35,174	20,500	19,799	5,106	-	0
Deferred tax liability
-	-	-	-	-	-	-	1,919	-
Notes payable, less current maturities
160,016	150,698	128,550	127,837	217,302	211,022	214,596	216,588	227,698
Other liabilities
1,000	0	-	-	-	-	-	-	-
Total liabilities
338,749	302,483	310,907	373,691	374,500	365,511	371,448	327,965	329,332
Commitments and contingencies (see Note 15)
-	-	-	-	-	-	0	0	-
Mezzanine equity
Series A Preferred Stock — $0.01 par value; 50,000 shares authorized, 26 shares issued and outstanding as of March 31, 2020; aggregate liquidation preference of $26,000 as of March 31, 2020
23,513	0	-	-	-	-	-	-	-
Stockholders’ equity
Stockholders’ equity
Retained losses
-47,252	-33,002	-14,744	-11,431	6,595	9,414	4,946	22,341	18,316
Common Stock — $0.01 par value; 200,000 shares authorized, 29,745 and 29,624 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively
296	296	296	296	296	291	-	-	-
Additional paid-in capital
85,794	85,187	84,340	83,681	83,083	82,880	-	-	-
Total stockholders’ equity
38,838	52,481	69,892	72,546	89,974	92,585	86,439	103,082	47,721
Non-controlling interest
568	792	1,033	1,023	699	805	876	886	598
Total equity
39,406	53,273	70,925	73,569	90,673	93,390	87,315	103,968	48,319
Total liabilities, mezzanine equity and stockholders’ equity
401,668	355,756	381,832	447,260	465,173	458,901	458,763	431,933	377,651
Customer Relationships [Member]
Finite lived intangible assets, net
-	-	57,977	59,951	61,925	-	-	-	71,032
Technology
Finite lived intangible assets, net
-	-	1,702	1,753	1,803	-	-	-	0
Noncompete Agreements [Member]
Finite lived intangible assets, net
-	-	72	108	144	-	-	-	0
Additional Paid In Capital
Common Stock - Charah Solutions, Inc.—$0.01 par value; 200,000,000 shares authorized, 29,082,988 shares issued and outstanding as of December 31, 2018
-	-	-	-	-	-	-	-	0
Additional paid in capital - Charah Solutions, Inc.
-	-	-	-	-	-	-	-	0
Members’ interest—Charah, LLC Series A, no par, 200,000,000 members’ interest authorized (104,109,890 issued and outstanding) as of December 31, 2017. Series B, no par, 100,000,000 members’ interest authorized (35,199,063 issued and outstanding) as of December 31, 2017
Members' interest
-	-	-	-	-	-	-	-	19,718
Total equity
-	-	-	-	-	-	-	-	19,718
Members’ interest—Allied Power Management, LLC, Series A, no par, 200,000,000 members’ interest authorized (7,210,555 issued and outstanding) as of December 31, 2017. Series B, no par, 100,000,000 members’ interest authorized (2,437,855 issued and outstanding) as of December 31, 2017
Members' interest
-	-	-	-	-	-	-	-	9,687
Total equity
-	-	-	-	-	-	-	-	9,687