Canterbury park holding corporation (CPHC)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Dec'15
ASSETS
CURRENT ASSETS
Cash and cash equivalents

-

355

1,269

442

370

4,895

11,953

13,481

9,909

8,888

7,685

8,776

7,647

6,298

4,449

5,433

8,274

Restricted cash

3,081

2,308

1,791

10,095

6,011

5,058

1,550

7,541

3,328

3,137

2,758

6,299

3,007

1,990

2,137

5,985

1,563

Short-term investments

-

103

103

103

206

206

205

206

206

206

205

205

205

205

205

205

205

Accounts receivable, net of allowance of $19,250 for both periods

364

302

611

1,002

311

241

972

760

634

1,278

1,508

1,703

1,393

1,309

1,008

650

155

Current portion of notes receivable

-

-

1,084

1,080

1,063

1,063

1,063

1,048

1,048

1,048

1,048

1,048

1,048

1,048

1,048

1,048

-

Inventory

288

390

399

458

315

297

317

414

289

262

280

423

286

247

274

417

253

Prepaid expenses

528

501

468

527

646

625

489

253

598

588

439

286

493

466

308

263

396

Income taxes receivable

88

-

280

1,097

59

417

238

196

-

-

-

-

71

511

-

138

355

Due from Minnesota horsemen associations

-

-

1,093

-

-

-

387

-

-

-

463

-

-

-

1,101

-

-

Total current assets

4,350

3,961

7,102

14,808

8,986

12,805

17,179

23,903

16,015

15,410

14,390

18,743

14,155

12,078

10,533

14,142

11,203

LONG-TERM ASSETS
Deposits

49

49

49

49

49

49

22

22

22

22

25

25

25

25

25

25

20

Restricted cash - long-term portion

-

1,262

1,259

1,256

1,253

1,250

-

-

-

-

-

-

-

-

-

-

-

TIF receivable

9,857

9,708

-

-

-

1,908

-

-

-

-

-

-

-

-

-

-

-

TIF receivable

-

-

7,921

6,751

3,608

-

-

-

-

-

-

-

-

-

-

-

-

Notes receivable - long-term portion

-

-

-

-

1,078

1,078

1,089

1,096

2,142

2,142

2,142

2,142

2,142

2,142

2,142

2,142

-

Related party receivable

3,533

3,528

3,386

3,208

3,208

3,208

-

-

-

-

-

-

-

-

-

-

-

Operating lease right-of-use assets

72

74

76

91

13

-

-

-

-

-

-

-

-

-

-

-

-

Equity investment

2,992

2,992

2,992

2,992

2,992

2,995

-

-

-

-

-

-

-

-

-

-

-

Land, buildings and equipment, net

44,241

43,833

43,049

43,185

40,720

38,131

38,819

38,651

38,166

36,962

36,767

36,936

35,608

35,378

35,509

35,488

34,117

TOTAL ASSETS

65,097

65,413

65,838

72,343

61,910

61,426

57,110

63,673

56,346

54,537

53,325

57,847

51,931

49,624

48,210

51,798

45,341

LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable

4,754

3,495

3,736

4,817

4,117

3,587

3,265

4,268

3,547

2,854

2,719

3,823

2,617

2,518

4,278

8,933

2,410

Card Casino accruals

1,655

2,167

2,189

2,081

2,158

1,740

1,830

2,579

3,216

2,931

3,101

2,551

2,469

2,231

2,550

2,491

1,759

Accrued wages and payroll taxes

890

2,254

1,515

2,312

1,379

2,268

1,347

2,154

1,151

2,291

1,505

2,032

1,071

2,034

949

1,281

1,370

Cash dividend payable

-

324

322

321

320

316

-

-

-

265

-

-

-

-

-

-

-

Accrued property taxes

1,274

1,019

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued property taxes

-

-

-

-

-

1,001

-

-

-

-

-

-

-

-

-

-

-

Cash dividend payable

-

-

-

-

-

-

315

314

311

-

263

263

218

216

215

-

-

Due to MHBPA (Note 1)

-

-

-

-

-

-

-

-

-

-

-

613

407

38

-

-

299

Accrued property taxes

-

-

1,236

1,009

1,223

-

912

972

1,179

936

1,052

864

1,165

932

530

345

711

Deferred revenue

1,354

1,482

1,632

2,289

917

979

-

-

-

905

-

-

-

-

-

-

-

Payable to horsepersons

448

557

-

5,313

828

706

-

-

-

630

-

-

-

-

-

-

-

Line of credit

-

-

1,671

1,094

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

1,284

2,105

891

-

1,031

1,851

2,310

568

-

-

-

Payable to horsepersons

-

-

-

-

-

-

-

-

241

-

185

3,528

200

176

13

223

171

Current portion of capital lease obligations

-

-

-

-

-

-

22

-

-

-

-

-

-

-

-

-

585

Income taxes payable

-

120

-

-

-

-

109

5,314

767

3

355

16

-

-

204

-

-

Current portion of finance lease obligations

24

24

24

23

23

23

-

-

-

-

-

-

-

-

-

-

-

Current portion of operating lease obligations

27

29

29

29

7

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

10,429

11,475

12,359

19,293

10,976

10,623

9,088

17,709

11,305

10,818

10,216

15,545

10,460

8,717

8,742

13,273

7,308

LONG-TERM LIABILITIES
Deferred income taxes

4,663

4,404

4,456

5,054

-

3,970

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

4,064

-

3,520

3,206

3,144

3,002

4,310

4,421

4,278

4,357

3,557

3,577

2,341

Finance lease obligations, net of current portion

65

71

80

85

92

98

-

-

-

-

-

-

-

-

-

-

-

Operating lease obligations, net of current portion

45

45

47

62

5

-

-

-

-

-

-

-

-

-

-

-

-

Capital lease obligations, net of current portion

-

-

-

-

-

-

104

-

-

-

-

-

-

-

-

-

2,592

Total long-term liabilities

4,774

4,521

4,583

5,202

4,162

4,068

3,624

3,206

3,144

3,002

4,310

4,421

4,278

4,357

3,557

3,577

4,934

TOTAL LIABILITIES

15,203

15,996

16,943

24,495

15,138

14,691

12,713

20,915

14,449

13,820

14,526

19,966

14,738

13,074

12,299

16,850

12,243

STOCKHOLDERS’ EQUITY
Common stock, $.01 par value, 10,000,000 shares authorized, 4,694,138 and 4,644,522 respectively, shares issued and outstanding

46

46

46

46

45

45

45

44

44

44

43

43

43

43

42

42

42

Additional paid-in capital

23,035

22,733

22,442

22,223

21,783

21,420

21,137

20,816

20,366

19,865

19,591

19,362

19,127

18,780

18,608

18,356

18,019

Retained earnings

26,811

26,635

26,406

25,579

24,942

25,268

23,214

21,897

21,485

20,807

19,164

18,475

18,022

17,727

17,259

16,548

15,035

Total stockholders' equity

49,894

49,416

48,895

47,848

46,771

46,734

44,397

42,758

41,896

40,717

38,799

37,881

37,192

36,550

35,910

34,947

33,097

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

65,097

65,413

65,838

72,343

61,910

61,426

57,110

63,673

56,346

54,537

53,325

57,847

51,931

49,624

48,210

51,798

45,341