Clearfield, inc. (CLFD)
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'11Sep'10
Current Assets
Cash and cash equivalents

8,575

10,586

10,081

6,030

7,905

15,358

8,547

9,287

9,141

20,453

18,536

19,748

22,483

22,057

28,014

24,587

20,550

20,699

18,071

17,161

17,061

17,174

18,191

18,240

17,127

17,734

9,807

6,866

6,814

6,136

5,678

5,980

6,652

7,375

11,281

8,229

5,285

Short-term investments

14,708

14,523

13,524

14,638

17,048

8,490

8,930

8,486

6,285

5,385

5,937

5,737

5,813

7,930

5,527

7,392

8,394

8,746

7,925

7,945

7,858

6,894

6,632

7,027

5,981

3,340

5,992

8,039

8,443

10,003

9,107

5,837

4,282

3,878

1,849

3,141

1,764

Accounts receivables, net

8,069

7,025

9,118

9,302

8,987

8,167

12,821

9,651

7,159

5,570

7,237

8,052

8,114

7,450

7,999

8,727

7,854

5,019

6,010

7,386

4,755

4,654

5,027

4,771

3,429

2,284

7,837

5,048

4,246

3,203

3,022

4,092

2,635

2,026

3,228

3,681

3,244

Inventories, net

11,688

10,630

9,012

9,424

8,273

9,626

10,050

9,688

10,879

8,140

8,453

9,338

9,970

8,714

8,373

8,106

8,102

6,943

7,182

6,734

5,164

5,359

5,390

5,298

4,855

5,127

5,626

4,966

3,742

3,625

2,971

3,000

3,077

2,528

2,757

2,197

1,512

Deferred taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,146

1,451

-

-

2,249

-

-

-

4,615

2,369

1,639

1,491

1,491

994

-

-

994

-

-

Deferred taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,053

1,986

-

-

-

-

810

-

-

-

6,498

-

-

-

3,558

-

-

Deferred taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,292

3,920

4,450

-

-

-

-

-

-

994

994

-

-

-

Other current assets

687

825

769

883

1,253

653

742

698

1,069

939

978

869

974

976

1,198

752

582

556

416

499

917

771

543

534

976

504

317

361

415

349

473

521

454

228

170

254

129

Total current assets

43,729

43,591

42,506

40,279

43,469

42,295

41,091

37,811

34,534

40,488

41,143

43,745

47,356

47,130

51,112

49,565

45,483

41,964

40,753

41,178

37,810

36,840

38,034

39,164

36,290

33,440

34,197

27,651

25,301

24,810

22,744

20,426

18,096

17,030

20,280

17,503

11,936

Property, plant and equipment, net

5,563

5,682

5,413

4,470

4,412

4,592

4,744

4,907

5,053

5,201

5,434

5,511

6,024

5,904

5,780

5,560

5,377

5,551

5,689

5,628

5,258

3,997

2,462

2,332

1,783

1,735

1,796

1,581

1,565

1,293

1,107

934

924

930

986

910

1,273

Other Assets
Long-term investments

25,130

21,704

23,902

22,519

18,574

18,292

17,974

18,226

20,180

20,357

19,816

17,153

15,015

13,281

10,703

8,570

7,783

6,767

8,290

7,722

7,078

8,303

8,302

8,643

9,525

8,246

6,770

5,641

4,261

3,186

4,572

4,806

5,075

5,314

2,707

2,216

3,236

Goodwill

4,708

4,708

4,708

4,708

4,708

4,708

4,708

4,708

4,708

2,570

2,570

2,570

2,570

2,570

2,570

2,570

2,570

2,570

2,570

2,570

2,570

2,570

2,570

2,570

2,570

2,570

2,570

2,570

2,570

2,570

2,570

2,570

2,570

2,570

2,570

2,570

2,570

Intangible assets, net

4,968

5,059

5,147

5,242

5,302

5,381

5,482

5,549

5,618

-

284

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right of use lease asset

2,911

2,215

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

156

-

-

-

-

4,269

5,620

6,165

-

3,497

-

-

-

-

-

Other

194

202

210

202

202

213

227

241

228

552

245

484

438

439

428

370

350

345

323

291

310

316

322

297

299

272

268

258

259

255

247

229

227

199

199

176

199

Total other assets

37,913

33,889

33,968

32,673

28,787

28,596

28,392

28,724

30,735

23,479

22,916

20,208

18,024

16,291

13,701

11,510

10,704

9,682

11,184

10,584

-

-

11,351

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Patents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23

-

Total other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,959

11,189

-

11,510

12,394

11,088

10,419

12,739

12,711

12,177

13,888

11,103

11,390

11,621

9,035

7,069

8,151

Total Assets

87,206

83,163

81,888

77,423

76,668

75,484

74,228

71,444

70,323

69,170

69,494

69,465

71,405

69,325

70,595

66,636

61,565

57,199

57,627

57,390

53,028

52,027

51,847

53,007

50,467

46,264

46,413

41,973

39,579

38,280

37,740

32,464

30,411

29,582

30,302

25,483

21,360

Current Liabilities
Current portion of lease liability

714

516

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

3,873

2,316

3,173

1,566

2,352

1,918

2,363

2,016

1,798

1,205

1,739

2,196

2,361

2,421

2,573

3,171

3,155

2,183

2,357

3,625

2,581

2,468

2,104

1,956

1,915

2,177

2,627

1,907

1,918

1,520

1,492

1,287

1,648

969

1,439

1,301

1,188

Accrued compensation

3,472

2,120

3,224

2,247

2,419

1,771

2,048

1,632

2,103

1,443

2,410

2,077

2,627

1,900

4,697

3,328

2,533

1,394

2,598

2,444

1,540

1,152

2,749

2,503

1,902

1,555

3,522

2,411

1,399

1,145

1,470

1,337

981

1,035

2,465

2,110

765

Accrued expenses

327

327

208

280

39

862

568

456

31

98

93

60

54

120

75

51

53

103

80

77

374

260

247

87

80

168

163

43

22

131

54

74

29

72

106

91

82

Accrued rebates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,560

2,659

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

8,387

5,280

6,607

4,095

4,811

4,552

4,980

4,106

3,934

2,747

4,243

4,333

5,044

4,443

7,345

6,551

5,742

3,680

5,037

6,147

4,496

3,881

5,101

7,108

6,558

3,901

6,314

4,362

3,340

2,797

3,016

2,700

2,660

2,077

4,011

3,503

2,036

Other Liabilities
Long-term portion of lease liability

2,468

1,940

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred taxes

101

-

101

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred taxes

-

101

-

104

104

104

104

60

60

60

444

-

-

-

411

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred taxes

-

-

-

-

-

-

-

-

-

-

-

411

411

411

-

514

436

152

1,082

728

359

108

0

210

186

52

-

-

-

-

-

-

-3,517

-3,537

-

-2,083

-2,145

Deferred rent

-

-

246

251

258

263

268

272

276

279

281

266

248

246

243

240

237

233

228

223

-

-

0

-

-

19

21

21

22

-

37

45

50

56

61

67

78

Deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

218

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other liabilities

2,570

2,041

348

356

363

368

372

332

336

339

725

678

660

658

655

754

674

386

1,311

951

577

108

0

210

186

72

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

10,958

7,321

6,955

4,452

5,174

4,921

5,353

4,438

4,270

3,087

4,968

5,011

5,704

5,101

8,001

7,306

6,417

4,067

6,348

7,098

5,074

3,990

5,101

7,318

6,744

3,973

6,335

4,384

3,363

2,797

3,054

2,745

2,710

2,133

4,072

3,570

2,114

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

Shareholders’ Equity
Preferred stock, $.01 par value; 500,000 shares; no shares issued or 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, authorized 50,000,000, $.01 par value; 13,627,639 and 13,641,805 shares issued and outstanding as of March 31, 2020 and September 30, 2019

136

136

136

136

136

136

136

136

138

138

138

139

141

141

141

140

137

137

137

137

137

137

137

134

130

129

129

128

128

128

128

124

123

123

122

121

120

Additional paid-in capital

57,042

57,383

56,976

56,901

56,725

56,161

55,483

55,495

56,296

56,021

55,406

56,594

58,642

58,073

57,320

58,830

56,934

56,356

55,887

56,271

55,887

56,257

56,036

56,032

55,244

55,039

54,808

54,817

54,591

54,404

54,152

54,017

53,741

53,621

53,402

52,942

52,589

Retained earnings

19,069

18,321

17,820

15,933

14,632

14,264

13,254

11,373

9,617

9,923

8,980

7,720

6,916

6,009

5,132

358

-1,923

-3,362

-4,745

-6,116

-8,069

-8,358

-9,427

-10,477

-11,652

-12,878

-14,860

-17,357

-18,503

-19,049

-19,594

-24,422

-26,164

-26,296

-27,295

-31,151

-33,463

Total shareholders’ equity

76,248

75,841

74,933

72,971

71,494

70,562

68,874

67,005

66,052

66,082

64,525

64,454

65,700

64,223

62,594

59,330

55,148

53,131

51,279

50,292

47,954

48,036

46,746

45,689

43,722

42,291

40,078

37,589

36,215

35,483

34,685

29,719

27,700

27,448

26,229

21,912

19,246

Total Liabilities and Shareholders’ Equity

87,206

83,163

81,888

77,423

76,668

75,484

74,228

71,444

70,323

69,170

69,494

69,465

71,405

69,325

70,595

66,636

61,565

57,199

57,627

57,390

53,028

52,027

51,847

53,007

50,467

46,264

46,413

41,973

39,579

38,280

37,740

32,464

30,411

29,582

30,302

25,483

21,360