Cision Ltd. CISN Balance Sheet

Cision ltd. (CISN)

Balance Sheet / Quarterly

Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Dec'15
Assets
Current assets:
Cash and cash equivalents
94	74	82	104	84	82	107	148	76	337	0	35	0
Cash and cash equivalents held in trust account, interest income available for taxes
-	-	-	-	-	-	-	-	-	-	0	-	0
Accrued interest receivable held in trust account
-	-	-	-	-	-	-	-	-	-	0	-	0
Prepaid expenses
-	-	-	-	-	-	-	-	-	-	0	-	0
Restricted cash
-	-	-	-	-	-	-	-	0	0	325	0	325
Accounts receivable, net
126	137	140	120	113	115	127	113	97	100	-	87	-
Prepaid expenses and other current assets
38	36	32	22	21	23	24	19	18	20	-	16	-
Total current assets
260	248	255	248	219	222	259	281	192	458	1	139	0
Property and equipment, net
62	62	60	57	54	53	55	53	55	55	-	47	-
Other intangible assets, net
376	404	427	377	406	430	462	456	472	497	-	511	-
Goodwill
1,411	1,425	1,426	1,171	1,179	1,180	1,198	1,136	1,113	1,103	-	1,079	-
Operating lease right-of-use assets
59	61	65	-	-	-	-	-	-	-	-	-	-
Deferred tax asset
4	4	4	4	-	-	-	0	-	-	-	-	-
Other assets
9	10	8	7	6	5	5	7	9	9	-	8	-
Total assets
2,185	2,215	2,248	1,866	1,866	1,892	1,981	1,935	1,843	2,124	326	1,787	325
Liabilities and Stockholders’ Equity
Current liabilities:
Current portion of long-term debt
13	13	13	13	13	13	13	13	12	11	-	11	-
Due to Cision Owner, Convertible Preferred Equity Certificates
-	-	-	-	-	-	-	-	0	0	-	443	-
Accounts payable
12	12	15	15	12	15	14	13	14	14	-	8	-
Accrued compensation and benefits
35	34	37	29	25	22	26	25	20	19	-	26	-
Operating lease liabilities
14	14	14	-	-	-	-	-	-	-	-	-	-
Other accrued expenses
61	60	80	82	75	74	80	73	62	66	-	54	-
Current portion of deferred revenue
161	170	170	139	140	148	162	140	124	129	-	119	-
Total current liabilities
299	306	333	280	267	274	297	266	234	241	-	663	-
Long-term debt, net of current portion
1,261	1,274	1,271	1,205	1,206	1,218	1,273	1,266	1,188	1,415	-	1,383	-
Deferred revenue, net of current portion
0	1	1	1	1	1	1	1	1	1	-	0	-
Accounts payable and accrued expenses
-	-	-	-	-	-	-	-	-	-	0	-	0
Operating lease liabilities, net of current portion
59	62	66	-	-	-	-	-	-	-	-	-	-
Deferred tax liability
74	74	74	69	65	64	42	62	53	67	-	83	-
Other liabilities
9	10	10	21	20	21	21	22	19	19	-	14	-
Notes payable to related parties
-	-	-	-	-	-	-	-	-	-	0	-	0
Deferred underwriting fee
-	-	-	-	-	-	-	-	-	-	11	-	11
Total liabilities
1,706	1,729	1,756	1,578	1,560	1,579	1,637	1,618	1,497	1,745	12	2,146	11
Series A-1 and Series C-2 mandatorily redeemable stockholders equity, 5,498,688 shares authorized, issued and outstanding at December 31, 2016
-	-	-	-	-	-	-	-	0	0	-	0	-
Commitments and contingencies (Note 10)
-	-	-	-	0	0	0	-	0	0	0	0	0
Common stock, subject to possible redemption, 30,810,131 and 30,944,905 shares at redemption value at December 31, 2016 and December 31, 2015
-	-	-	-	-	-	-	-	-	-	308	-	309
Stockholders’ equity:
Preferred stock, $0.0001 par value, 20,000,000 shares authorized; no shares issued and outstanding at September 30, 2019 and December 31, 2018
-	-	0	-	0	0	0	0	0	0	0	0	0
Common stock, $0.0001 par value, 480,000,000 shares authorized; 148,478,535 and 132,716,541 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively
0	0	0	0	0	0	0	0	0	0	0	0	0
Additional paid-in capital
988	984	981	797	795	794	793	771	770	769	5	11	5
Accumulated other comprehensive loss
-75	-63	-62	-68	-55	-53	-28	-35	-37	-51	-	-73	-
Accumulated deficit
-433	-436	-428	-439	-434	-428	-421	-420	-385	-339	-0	-297	-0
Total stockholders’ equity
479	485	491	288	305	312	343	316	346	378	5	-359	5
Total liabilities and stockholders’ equity
2,185	2,215	2,248	1,866	1,866	1,892	1,981	1,935	1,843	2,124	326	1,787	325