Cryolife inc. (CRY)
Balance Sheet / Quarterly
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'11Dec'10
ASSETS
Current assets:
Cash and cash equivalents

63,383

33,766

36,685

39,747

40,344

41,489

34,558

24,960

26,584

39,977

54,242

52,507

58,882

56,642

54,131

46,935

44,827

37,588

38,497

35,075

32,413

33,375

29,823

30,870

32,763

37,643

17,679

11,732

8,632

13,009

7,790

3,999

21,146

21,705

21,050

19,801

35,497

Restricted securities

494

528

492

508

731

747

753

759

808

776

771

741

713

699

744

753

812

830

848

869

828

884

923

5,973

5,684

5,350

321

308

303

323

324

312

318

312

5,313

5,319

5,309

Trade receivables, net

48,723

52,940

50,550

54,771

-

47,108

-

-

-

47,525

-

-

-

27,769

-

-

-

23,419

-

-

-

21,064

-

-

-

17,838

-

-

19,878

15,941

17,322

17,409

-

15,767

-

-

13,724

Other receivables

2,951

2,921

4,322

6,967

-

4,324

3,974

7,000

-

3,916

-

-

-

2,327

-

-

-

3,253

-

-

-

1,799

-

-

-

469

-

-

-

579

-

-

-

1,738

-

-

589

Total receivables

-

-

-

-

54,313

51,432

48,882

50,440

55,158

51,441

33,659

33,317

28,217

30,096

30,054

31,731

29,428

26,672

24,443

23,189

21,646

22,863

21,595

19,571

21,000

18,307

20,663

18,799

-

16,520

1,453

7,320

18,208

17,505

15,308

15,904

14,313

Inventories

54,300

53,071

48,403

45,422

44,124

45,478

46,149

45,786

44,586

46,684

27,763

26,537

25,795

26,293

25,534

25,389

25,287

14,643

14,432

13,508

13,513

12,739

13,162

12,089

11,489

9,771

10,206

10,842

10,208

10,557

10,246

9,672

7,932

7,320

6,995

6,220

6,429

Deferred preservation costs

32,918

32,551

32,352

32,416

32,635

33,174

33,509

34,533

34,996

35,671

35,008

33,974

32,402

30,688

28,051

26,898

26,002

24,741

23,480

23,726

24,696

25,196

25,869

26,514

26,215

27,297

27,201

27,329

26,869

27,954

28,032

28,535

29,215

29,039

29,454

29,505

31,570

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,729

6,610

6,210

6,210

5,767

5,730

5,713

5,162

5,651

5,251

5,637

6,100

3,828

3,982

5,294

5,247

7,436

7,250

6,096

Prepaid expenses and other

11,313

11,613

8,550

8,726

6,505

6,848

6,127

6,220

4,676

4,731

4,142

5,135

3,178

2,815

3,581

4,075

2,880

5,189

5,399

5,655

4,043

4,761

5,491

5,033

2,988

2,797

3,172

3,692

2,221

3,040

3,234

3,976

2,416

2,742

3,298

3,576

2,276

Total current assets

214,082

187,390

181,354

188,557

178,652

179,168

173,952

169,698

166,808

179,280

155,585

152,211

149,187

147,233

142,095

135,781

129,236

109,663

112,828

108,632

103,349

106,028

102,630

105,780

105,852

106,327

84,893

77,953

73,748

77,503

72,229

75,205

84,529

83,870

88,854

87,575

101,490

Property and equipment:
Equipment and software

-

-

-

-

-

48,323

-

-

-

47,899

-

-

-

37,086

-

-

-

28,608

-

-

-

26,699

-

-

-

26,976

-

-

-

24,007

-

-

-

21,664

-

-

20,622

Furniture and fixtures

-

-

-

-

-

5,369

-

-

-

4,916

-

-

-

4,670

-

-

-

4,483

-

-

-

4,375

-

-

-

4,390

-

-

-

4,339

-

-

-

4,163

-

-

3,837

Leasehold improvements

-

-

-

-

-

41,906

-

-

-

40,280

-

-

-

31,981

-

-

-

30,902

-

-

-

30,660

-

-

-

30,051

-

-

-

29,440

-

-

-

29,348

-

-

29,111

Total property and equipment

-

-

-

-

-

95,598

-

-

-

93,095

-

-

-

73,737

-

-

-

63,993

-

-

-

61,734

-

-

-

61,417

-

-

-

57,786

-

-

-

55,175

-

-

53,570

Less accumulated depreciation and amortization

-

-

-

-

-

64,570

-

-

-

59,516

-

-

-

55,235

-

-

-

52,509

-

-

-

49,732

-

-

-

49,246

-

-

-

46,119

-

-

-

42,867

-

-

40,484

Property and equipment, net

31,878

32,150

30,434

30,823

30,254

31,028

32,072

32,947

34,408

33,579

20,607

20,694

20,192

18,502

17,218

16,416

16,497

11,484

12,036

12,108

12,013

12,002

12,160

12,261

11,994

12,171

11,917

11,958

11,744

11,667

11,924

12,069

12,018

12,308

12,634

12,837

13,086

Operating lease right-of-use assets, net

20,423

21,994

21,841

22,413

22,961

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets:
Investment in equity securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,908

5,908

5,908

5,908

5,908

6,248

6,248

6,248

6,248

2,594

2,594

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,000

5,000

5,000

5,000

5,000

5,000

-

-

-

5,000

5,000

5,000

5,000

5,000

5,000

5,000

5,000

-

-

-

Goodwill

184,014

186,697

183,368

188,106

186,706

188,781

188,118

187,058

193,145

188,305

78,294

78,294

78,294

78,294

76,474

76,760

76,833

11,365

11,365

11,365

11,365

11,365

11,365

11,365

11,365

11,365

11,365

11,365

11,365

11,365

11,300

11,790

4,220

4,220

4,597

4,442

-

Net intangible assets

-

-

-

-

-

-

121,254

122,981

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquired technology, net

111,136

115,415

107,863

113,567

114,479

118,184

-

-

741

130,359

827

862

951

1,008

1,021

1,061

1,119

1,417

1,446

1,611

1,724

-

1,892

1,898

1,852

-

-

-

-

-

-

-

-

-

-

-

-

Patents, less accumulated amortization of $2,664 in 2015 and $2,497 in 2014

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,784

-

-

-

1,934

1,969

2,028

2,057

2,114

2,166

2,349

2,595

2,739

2,973

3,136

3,282

Other intangibles, net

41,242

42,319

49,806

40,977

41,333

41,897

42,184

47,502

178,425

49,071

62,454

63,527

64,582

65,633

66,784

67,867

67,055

18,480

17,713

18,151

18,589

19,496

19,453

19,890

19,829

19,985

20,406

21,116

21,541

21,968

22,389

22,818

17,398

17,656

17,951

17,265

5,601

Deferred income taxes

4,769

5,481

3,872

3,975

4,086

4,111

-

-

1,696

1,610

1,190

148

-

-

-

-

1,550

18,188

14,141

13,889

15,894

15,659

16,183

16,236

16,370

16,885

16,053

16,939

16,840

16,564

18,492

18,229

13,056

13,265

12,390

12,268

9,182

Notes receivable, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,000

2,000

2,000

2,000

2,000

2,000

2,000

2,000

1,000

-

-

-

-

-

-

Investment in company owned life insurance

-

-

-

-

-

-

-

-

-

-

4,360

3,745

-

5,470

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

13,489

14,208

14,064

8,705

8,457

7,922

12,115

10,262

7,952

7,489

2,823

2,740

6,160

-

5,265

5,151

4,867

5,582

5,452

5,312

5,269

4,823

4,478

4,388

4,255

4,016

3,680

3,531

3,513

3,067

3,082

2,801

2,810

2,558

2,352

2,134

2,203

Total assets

621,033

605,654

592,602

597,123

586,928

571,091

569,695

570,448

583,175

589,693

326,140

322,221

319,366

316,140

308,857

303,036

297,157

181,179

179,981

176,068

173,203

176,157

175,161

173,818

173,517

174,683

163,191

157,798

153,716

157,156

153,490

156,509

147,874

147,864

147,999

142,251

137,438

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable

10,453

9,796

7,455

6,942

5,425

7,547

5,941

9,256

7,574

9,767

5,066

6,571

7,293

5,744

5,688

5,204

5,553

4,590

4,637

4,104

3,967

4,497

5,389

4,877

5,000

4,137

4,939

3,729

2,864

3,156

3,661

8,149

4,269

4,370

5,021

4,124

4,243

Accrued compensation

9,783

12,260

11,628

9,432

9,168

10,733

8,628

7,122

7,087

10,208

-

5,764

5,178

8,815

7,666

6,687

6,663

6,335

7,952

6,545

3,586

5,406

4,528

3,699

3,087

4,886

4,036

3,341

2,807

5,055

4,423

3,456

2,660

3,946

3,254

3,389

3,357

Accrued procurement fees

4,030

4,362

-

-

-

3,308

-

-

-

3,577

-

3,393

3,714

4,806

4,350

4,611

4,427

4,445

4,683

4,805

4,634

4,675

4,874

5,053

5,013

5,427

5,515

4,926

4,409

4,762

4,292

3,952

3,922

3,982

-

-

3,081

Current portion of finance lease obligation

569

597

-

-

-

729

-

-

-

578

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current maturities of operating leases

5,442

5,487

5,270

5,021

4,982

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term debt

1,155

1,164

1,144

1,164

1,153

1,160

1,266

1,266

1,294

718

3,234

3,228

4,793

4,562

1,805

1,802

1,330

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Taxes payable

2,692

2,984

2,324

2,489

1,721

2,250

924

1,050

1,070

4,020

-

-

-

2

-

-

-

-

-

-

-

46

-

-

-

1,377

-

-

-

619

-

-

-

-

-

-

-

Accrued expenses and other

10,130

9,142

-

-

-

7,193

-

-

15,863

11,646

17,813

6,815

7,169

5,054

5,249

6,434

6,869

2,847

4,596

3,351

4,609

2,991

4,795

5,106

4,883

2,411

5,426

6,470

5,190

4,205

6,017

7,649

8,211

5,131

3,906

3,255

4,434

Other

-

-

14,369

12,420

13,974

1,603

13,990

15,427

-

2,426

-

-

-

1,119

-

-

-

1,388

-

-

-

3,012

-

-

-

2,484

-

-

-

2,232

-

-

-

2,138

-

6,939

2,118

Accrued expenses and other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,041

-

-

Deferred income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

362

382

406

-

410

398

380

-

311

354

1,313

1,401

1,471

1,625

1,739

1,890

2,056

2,152

2,095

Total current liabilities

43,685

45,195

42,190

37,468

36,423

34,523

30,749

34,121

32,888

42,940

26,113

25,771

28,147

30,102

24,758

24,738

24,842

19,605

22,230

19,187

17,202

20,627

19,996

19,133

18,363

20,722

20,227

18,820

16,583

21,430

19,864

24,831

20,801

21,457

22,278

19,859

19,328

Long-term debt

244,227

214,571

214,793

215,013

215,260

215,721

216,579

216,933

217,443

218,236

64,835

65,635

66,448

67,012

69,633

70,438

71,241

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

24,268

25,844

24,699

26,672

26,331

27,267

26,116

27,177

30,186

30,431

-

-

-

7

2,033

1,596

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-current maturities of operating leases

16,411

17,918

18,046

19,241

19,902

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-current finance lease obligations

5,147

5,415

-

-

-

5,937

-

-

-

6,856

-

-

-

11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,392

1,588

1,786

1,884

1,958

1,990

1,951

1,912

1,902

-

-

-

-

-

-

Deferred compensation liability

4,084

4,434

-

-

-

3,250

-

-

-

3,390

3,753

3,441

3,003

2,600

-

-

-

1,927

-

-

-

1,918

-

-

-

1,533

-

-

-

796

-

-

-

-

-

-

-

Deferred rent obligations

-

-

-

-

-

2,457

-

-

-

2,895

2,982

3,020

3,036

2,355

5,120

2,368

-

1,735

-

-

-

1,649

-

-

-

1,686

-

-

-

1,603

-

-

-

-

-

-

-

Other

11,749

11,996

15,373

16,576

16,390

6,869

19,444

20,730

21,670

7,887

5,101

5,293

5,298

5,070

3,151

5,792

6,914

2,661

5,858

7,339

7,150

3,278

6,911

7,125

7,798

4,111

6,467

6,193

6,200

3,303

5,808

7,524

5,301

4,869

4,943

4,604

4,168

Total liabilities

344,424

319,958

315,101

314,970

314,306

296,024

292,888

298,961

302,187

312,635

102,784

103,160

105,932

107,157

104,695

104,932

102,997

25,928

28,088

26,526

24,352

27,472

28,299

27,846

27,947

29,936

28,652

27,003

24,734

29,044

27,574

32,355

26,102

26,326

27,221

24,463

23,496

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

0

-

0

0

0

0

Shareholders' equity:
Preferred stock

-

-

-

-

-

0

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

-

0

0

0

-

Convertible preferred stock, 460 shares authorized, no shares issued

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Common stock (issued shares of 39,219 in 2020 and 39,018 in 2019)

392

390

390

389

388

385

384

382

381

376

348

348

346

342

342

341

339

298

297

296

296

292

290

286

286

282

279

278

277

275

275

301

301

301

301

300

300

Additional paid-in capital

273,821

271,782

269,192

265,694

261,991

260,361

258,555

254,288

252,251

249,935

194,958

192,204

189,871

187,061

185,243

182,144

180,217

142,888

141,480

140,073

138,016

135,227

133,143

131,011

129,966

128,585

125,727

124,188

123,284

122,414

121,553

135,709

135,127

135,003

134,692

133,703

133,845

Retained earnings

30,039

36,704

37,385

37,519

34,687

34,984

35,742

34,177

33,951

37,609

40,616

39,291

36,128

34,143

31,246

28,253

25,906

23,365

21,584

20,292

21,644

22,768

21,835

20,351

19,028

18,741

10,480

8,070

7,041

5,536

4,140

3,288

-46

-1,037

-2,903

-4,922

-8,408

Accumulated other comprehensive loss

-13,052

-8,589

-14,875

-6,858

-9,853

-6,072

-3,283

-2,769

8,996

1,857

153

-64

-193

-429

-535

-504

-172

-76

-245

104

-238

-121

-66

13

-28

7

-1

-18

-72

-39

22

2

-4

-6

-27

-22

-32

Treasury stock at cost (shares of 1,484 in each of 2020 and 2019)

14,591

14,591

14,591

14,591

14,591

14,591

14,591

14,591

14,591

12,719

12,719

12,718

12,718

12,134

12,134

12,130

12,130

11,224

11,223

11,223

10,867

9,481

8,340

5,689

3,682

2,868

1,946

1,723

1,548

74

74

15,146

13,606

12,723

11,285

11,271

11,763

Total shareholders' equity

276,609

285,696

277,501

282,153

272,622

275,067

276,807

271,487

280,988

277,058

223,356

219,061

213,434

208,983

204,162

198,104

194,160

155,251

151,893

149,542

148,851

148,685

146,862

145,972

145,570

144,747

134,539

130,795

128,982

128,112

125,916

124,154

121,772

121,538

120,778

117,788

113,942

Total liabilities and shareholders' equity

621,033

605,654

592,602

597,123

586,928

571,091

569,695

570,448

583,175

589,693

326,140

322,221

319,366

316,140

308,857

303,036

297,157

181,179

179,981

176,068

173,203

176,157

175,161

173,818

173,517

174,683

163,191

157,798

153,716

157,156

153,490

156,509

147,874

147,864

147,999

142,251

137,438