Town sports international holdings inc (CLUB)
Balance Sheet / TTM
Dec'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

18,808

20,864

29,823

37,180

48,088

50,327

58,611

54,428

30,321

59,294

67,392

59,872

45,596

48,330

58,929

87,757

76,217

88,286

98,359

110,822

93,452

117,951

77,406

76,174

73,598

67,961

69,521

54,347

37,758

42,108

56,804

42,391

47,880

39,029

34,512

38,803

Accounts receivable, net

2,980

3,524

3,194

3,237

3,050

3,020

2,742

2,506

2,216

1,481

993

949

1,221

1,243

1,370

1,428

1,923

2,428

3,250

3,922

3,656

3,732

3,558

4,164

3,704

3,429

3,415

3,890

6,508

7,161

7,675

8,294

5,857

8,478

6,475

5,258

Inventory

-

-

-

-

-

-

-

-

-

130

281

324

238

283

244

369

337

456

328

310

573

562

607

559

473

417

423

457

438

324

263

163

290

223

269

217

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,549

533

1,757

2,080

724

8,182

16,714

17,192

17,010

22,493

22,249

19,288

19,325

24,140

20,778

-

20,218

-

-

-

Prepaid corporate income taxes

865

769

808

703

746

9,427

10,129

13,565

13,563

0

0

1,738

1,505

715

0

4,072

6,895

9,843

14,970

11,499

11,588

4,953

39

31

6

226

157

518

550

-

-

381

73

2,603

6,784

7,342

Prepaid rent expense

-

-

-

-

-

63

68

75

9,153

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

10,148

11,441

10,013

10,211

10,047

10,441

6,276

9,085

12,894

11,996

6,903

8,007

10,274

11,832

8,655

12,574

13,170

15,809

12,340

13,574

12,893

12,902

12,269

9,701

10,850

11,067

9,751

8,313

11,435

11,379

11,010

9,001

10,599

8,157

9,758

13,213

Total current assets

32,801

36,598

43,838

51,331

61,931

73,278

77,826

79,659

68,147

72,901

75,569

70,890

58,834

62,403

69,198

106,200

100,091

117,355

131,004

142,207

122,886

148,282

110,593

107,821

105,641

105,593

105,516

86,813

76,014

85,112

96,530

60,230

84,917

58,490

57,798

64,833

Fixed assets, net

146,884

148,726

160,565

164,042

157,677

156,985

154,497

150,812

151,498

142,377

156,588

162,720

170,580

175,625

182,196

187,395

195,341

206,255

221,714

226,726

233,644

236,169

232,575

236,259

243,992

244,831

248,074

251,948

256,871

262,397

269,304

275,884

286,041

290,862

296,605

309,371

Operating lease right-of-use assets, net

563,372

575,928

591,674

602,475

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

32,988

32,950

32,811

30,021

21,877

14,769

9,779

8,444

6,217

6,774

1,079

1,027

1,008

1,065

1,053

1,079

1,025

1,055

1,111

32,621

32,593

32,641

32,739

32,743

32,870

32,850

32,792

32,778

32,824

32,790

32,779

32,843

32,799

32,840

32,940

32,794

Intangible assets, net

8,220

9,019

9,935

10,725

9,439

7,805

7,269

5,858

5,134

3,600

122

130

135

144

153

162

171

182

192

272

394

523

651

779

908

1,037

1,162

102

-

-

-

-

-

0

11

44

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

219

217

10

-

0

43,928

17,755

14,330

11,340

4,217

5,803

12,396

15,728

8,827

14,304

37,603

19,782

39,086

40,863

41,883

Deferred membership costs

1,009

1,058

1,166

1,416

1,803

2,313

2,522

2,717

959

995

1,082

1,134

1,092

1,364

1,850

2,485

3,029

4,443

6,807

6,920

7,396

7,795

8,076

8,573

8,725

9,194

9,686

10,529

10,811

11,290

11,144

-

10,117

-

-

-

Deferred membership costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,867

-

9,492

8,171

5,934

Other assets

9,004

10,139

7,606

8,075

8,727

6,788

3,934

4,318

4,716

4,210

2,120

3,384

4,229

4,730

2,694

3,133

3,225

12,454

12,809

13,310

12,920

13,260

9,817

10,145

10,316

11,150

11,498

11,663

12,522

14,553

16,066

15,858

15,886

14,318

14,197

9,307

Total assets

794,278

814,418

847,595

868,085

261,454

261,938

255,827

251,808

236,671

230,857

236,560

239,285

235,878

245,331

257,144

300,454

303,101

341,961

373,647

422,056

409,833

482,598

412,206

410,650

413,792

408,872

414,531

406,229

404,770

414,969

440,127

433,285

449,542

445,088

450,585

464,166

LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Current portion of long-term debt

178,433

-

-

-

21,080

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term Debt, Current Maturities

-

3,727

13,669

21,395

-

12,705

12,082

2,082

2,242

2,082

2,082

2,082

2,082

2,082

2,082

11,537

2,810

3,114

3,114

3,114

3,114

3,250

3,250

3,250

3,250

40,500

43,900

26,000

15,787

2,000

15,000

9,800

25,507

15,000

15,000

14,550

Current portion of mortgage and term loan

197

197

193

314

314

314

253

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of operating lease liabilities

74,279

73,198

72,709

71,436

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

4,458

4,645

4,987

5,002

3,672

3,453

4,026

3,067

2,247

2,429

2,505

2,576

2,477

3,136

2,761

2,139

2,615

5,422

5,753

8,717

2,873

5,664

5,615

4,982

8,116

5,711

7,297

6,507

7,467

5,250

5,864

6,930

9,180

6,190

6,949

4,008

Accrued expenses

34,568

36,659

31,862

33,479

32,547

34,143

27,190

28,772

24,669

32,793

28,375

27,907

25,907

30,772

26,155

28,227

26,129

28,927

31,450

29,215

26,702

32,610

31,677

30,578

31,536

26,460

28,312

24,183

27,053

24,800

27,127

22,052

26,575

24,534

29,041

27,477

Accrued interest

27

28

992

122

34

157

64

103

118

105

88

93

119

89

116

102

129

129

130

294

376

427

383

627

737

87

190

244

89

167

355

728

950

956

1,040

6,579

Current portion of capital lease liabilities

-

-

-

-

-

-

628

379

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

36,047

37,862

40,195

42,194

37,459

39,335

41,018

-

33,473

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

93

-

173

194

487

291

302

252

266

259

297

304

304

305

-

-

-

-

-

-

-

Corporate income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

754

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

39,406

-

36,523

37,383

38,851

34,572

37,076

41,818

44,341

40,225

43,657

47,220

48,628

36,950

36,347

39,269

42,019

33,913

36,454

39,807

42,730

37,138

38,562

42,570

46,827

40,822

42,613

41,151

35,106

Corporate income taxes payable

-

-

-

-

-

-

-

-

-

3,104

573

-

-

-

8,779

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

236

229

11

19

300

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,000

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

328,009

156,316

164,607

173,942

95,106

90,107

85,261

73,809

62,749

77,036

71,006

71,509

65,157

73,155

81,711

86,439

72,144

81,651

87,872

90,474

70,606

78,600

85,446

81,722

77,811

109,509

119,810

99,968

87,839

70,779

91,670

86,337

103,034

89,293

93,181

87,720

Long-term debt

4,358

-

-

-

178,002

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term Debt, Excluding Current Maturities

-

179,648

180,255

178,247

-

185,087

183,561

193,753

193,947

194,143

194,341

194,541

194,743

194,947

195,153

254,919

263,930

295,394

295,845

296,299

296,757

310,200

310,683

311,170

311,659

270,556

266,918

284,578

294,552

249,072

253,179

259,034

263,487

277,649

281,302

301,963

Long-term mortgage and term loan

5,039

5,088

5,139

5,065

5,113

5,160

2,106

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term operating lease liabilities

532,977

546,541

562,063

573,788

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred lease liabilities

-

0

0

0

44,374

45,027

45,933

46,792

-

-

-

-

-

-

-

-

-

-

-

-

-

54,019

57,528

56,362

-

58,455

-

-

-

-

-

-

-

-

-

-

Dividends payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

-

123

142

176

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Building financing arrangement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

83,900

83,900

83,900

83,400

83,400

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Dividends payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

211

438

495

434

407

677

695

757

799

-

-

-

-

-

-

-

Deferred lease liabilities

-

-

-

-

-

-

1,823

931

47,356

48,349

49,463

49,401

49,660

50,324

51,119

50,453

51,136

52,292

53,277

54,223

53,847

-

-

-

56,882

-

59,510

60,216

61,732

62,746

63,415

64,482

65,119

64,859

65,627

67,180

Deferred tax liabilities

-

-

-

-

-

-

-

-

93

-

-

61

61

61

61

61

1,593

577

1,818

13,705

11,999

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liabilities

-

-

-

-

-

276

140

131

-

61

61

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

89

82

58

76

258

318

349

-

351

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

173

-

418

578

566

440

434

357

458

319

1,571

3,096

4,345

2,455

2,034

2,262

2,232

2,460

2,535

3,232

3,271

3,889

5,912

7,990

6,122

5,338

6,497

5,815

3,166

Other liabilities

12,151

12,490

9,880

10,741

11,298

11,353

9,191

9,722

10,132

10,507

8,075

10,619

11,487

12,441

10,101

10,914

10,224

10,343

9,282

9,983

8,642

7,738

10,892

8,940

8,089

7,537

8,059

8,098

11,455

10,655

11,699

12,004

12,210

10,012

8,999

11,082

Total liabilities

882,623

900,165

922,002

941,859

334,151

337,328

328,364

325,311

314,628

330,514

323,524

326,697

321,548

331,362

338,502

403,253

399,346

525,851

535,232

553,105

527,917

536,429

467,306

460,860

457,308

449,269

458,224

456,888

460,266

399,164

427,953

427,979

449,188

448,310

454,924

471,111

Commitments and Contingencies (Note 15)

-

-

-

-

-

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

Stockholders’ deficit:
Preferred stock, $0.001 par value; no shares issued and outstanding at both December 31, 2019 and December 31, 2018

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock, $0.001 par value; issued and outstanding 29,425,557 and 27,192,154 shares at December 31, 2019 and 2018, respectively

26

26

26

26

25

25

25

25

25

25

25

25

24

24

24

24

24

24

24

24

24

24

24

24

24

24

24

24

24

23

23

23

23

23

23

23

Additional paid-in capital

1,919

1,165

308

-512

-1,644

-2,235

-2,805

-3,364

-4,290

-4,724

-5,134

-5,540

-6,261

-6,537

-6,953

-7,702

-8,386

-8,586

-9,042

-9,202

-10,055

-10,619

-12,677

-13,184

-13,846

-14,631

-15,112

-15,663

-16,326

-16,909

-17,379

-18,930

-19,934

-20,472

-20,849

-21,788

Accumulated other comprehensive income

1,909

1,790

1,933

1,830

1,841

1,862

1,802

1,996

1,201

926

754

302

-168

-510

-928

-841

-523

-923

-127

-423

395

1,549

1,480

2,090

2,052

1,582

1,383

1,165

1,226

1,258

1,249

1,349

1,251

1,463

2,665

2,121

Accumulated deficit

-91,770

-88,441

-76,708

-75,261

-73,212

-75,505

-71,559

-72,160

-74,893

-95,884

-82,609

-82,199

-79,265

-79,008

-73,501

-94,280

-87,360

-174,405

-152,440

-121,448

-108,448

-44,785

-43,927

-39,140

-31,746

-27,372

-29,988

-36,185

-40,420

31,433

28,281

22,864

19,014

15,764

13,822

12,699

Total Town Sports International Holdings, Inc. and Subsidiaries stockholders’ deficit

-87,916

-85,460

-74,441

-73,917

-72,990

-75,853

-72,537

-73,503

-77,957

-99,657

-86,964

-87,412

-85,670

-86,031

-81,358

-102,799

-96,245

-183,890

-161,585

-131,049

-118,084

-53,831

-55,100

-50,210

-43,516

-40,397

-43,693

-50,659

-55,496

15,805

12,174

5,306

354

-3,222

-4,339

-6,945

Non-controlling interests

-429

-287

34

143

293

463

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total stockholders’ deficit

-88,345

-85,747

-74,407

-73,774

-72,697

-75,390

-

-

-77,957

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and stockholders’ deficit

794,278

814,418

847,595

868,085

261,454

261,938

255,827

251,808

236,671

230,857

236,560

239,285

235,878

245,331

257,144

300,454

303,101

341,961

373,647

422,056

409,833

482,598

412,206

410,650

413,792

408,872

414,531

406,229

404,770

414,969

440,127

433,285

449,542

445,088

450,585

464,166