Cutera inc (CUTR)
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
Current assets:
Cash and cash equivalents

14,774

26,316

22,879

27,668

19,158

26,052

21,866

18,432

10,910

14,184

14,784

18,679

11,443

13,775

11,275

7,420

6,265

10,868

10,055

11,627

13,462

9,803

11,377

10,902

10,743

16,242

15,160

11,885

17,272

23,546

24,334

17,788

12,787

14,020

13,874

17,483

12,519

Marketable investments

4,746

7,605

6,448

4,002

7,939

9,523

5,018

10,573

13,062

21,728

35,692

32,270

36,990

40,299

35,108

35,902

38,184

37,539

37,689

54,708

62,595

71,343

69,321

70,696

73,079

66,831

67,121

77,741

70,821

62,026

55,795

62,794

66,137

74,666

74,502

73,557

77,484

Restricted investments

-

-

-

-

-

-

-

-

-

-

-

2,290

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net of allowance for credit losses of $937 and $1,355, respectively

15,660

21,556

23,222

24,919

19,136

19,637

25,444

22,122

19,862

20,777

19,604

18,191

17,859

16,547

11,680

11,181

11,168

11,669

9,013

8,919

10,400

11,137

8,736

7,596

6,588

9,679

7,494

7,542

6,814

8,841

7,845

6,203

4,496

5,193

4,085

3,279

4,208

Inventories

36,941

33,921

34,042

26,889

26,659

28,014

31,322

30,138

30,979

28,782

23,728

16,913

15,672

14,977

16,478

14,702

13,475

12,078

13,479

13,521

11,855

10,988

11,106

10,030

9,640

9,006

10,421

10,518

11,091

11,114

12,477

12,722

13,434

10,729

9,659

8,301

6,448

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

69

27

26

26

29

32

31

31

38

39

39

40

49

52

50

55

17

20

63

Other current assets and prepaid expenses

4,831

5,648

5,334

4,536

4,864

3,972

3,716

3,469

2,601

2,903

2,894

2,840

2,403

2,251

2,507

2,619

1,953

1,675

1,977

1,625

1,699

1,591

1,947

1,772

2,404

1,507

1,583

1,429

1,511

1,439

1,443

1,443

1,363

1,432

1,841

2,042

2,740

Total current assets

76,952

95,046

91,925

88,014

77,756

87,198

87,366

84,734

77,414

88,374

96,702

91,183

84,367

87,849

77,048

71,824

71,045

73,829

72,282

90,427

100,037

104,888

102,516

101,028

102,485

103,296

101,817

109,154

107,548

107,006

101,943

101,002

98,267

106,095

103,978

104,682

103,462

Property and equipment, net

2,687

2,817

2,771

2,834

2,407

2,672

2,784

2,632

2,214

2,096

1,842

1,867

1,802

1,907

1,720

1,577

1,428

1,473

1,386

1,512

1,545

1,461

1,301

1,329

1,358

1,362

1,461

1,338

1,312

933

885

946

1,019

853

643

771

597

Deferred tax asset

408

423

-

-

-

457

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,050

840

2,928

3,027

3,014

3,908

6,784

Deferred tax asset

-

-

459

458

451

-

21,402

21,219

21,792

19,055

384

381

394

377

410

401

376

350

291

283

291

269

316

342

337

329

503

504

518

553

470

463

450

446

345

328

325

Operating lease-right-of-use assets

7,143

7,702

8,332

8,990

9,442

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangibles, net

-

-

-

-

-

-

-

-

-

-

0

0

0

2

16

44

87

143

227

332

450

595

1,438

1,632

1,825

2,019

2,044

2,218

2,392

2,566

2,876

3,186

4,843

446

493

541

637

Goodwill

1,339

1,339

1,339

1,339

1,339

1,339

1,339

1,339

1,339

1,339

1,339

1,339

1,339

1,339

1,339

1,339

1,339

1,339

1,339

1,339

1,339

1,339

1,339

1,339

1,339

1,339

1,339

1,339

1,339

1,339

1,339

1,339

-

0

-

-

-

Other long-term assets

5,901

6,411

6,410

6,311

5,960

5,971

6,048

5,807

5,367

374

381

381

389

380

444

448

419

384

392

351

362

361

13

15

21

324

348

348

362

397

517

539

458

486

493

-

0

Total assets

94,430

113,738

111,236

107,946

97,355

97,637

118,939

115,731

108,126

111,238

100,648

95,151

88,291

91,854

80,977

75,633

74,694

77,518

75,917

94,244

104,024

108,913

106,923

105,685

107,365

108,669

107,512

114,901

113,471

112,794

109,080

108,315

107,965

111,353

108,966

110,230

111,805

Current liabilities:
Accounts payable

14,604

12,685

14,140

11,441

10,337

11,279

13,321

10,743

8,206

7,002

5,805

4,293

3,089

2,598

3,283

2,752

2,570

1,959

2,659

3,597

2,855

3,083

2,718

2,028

2,483

1,820

2,100

2,430

2,161

2,107

2,297

2,199

2,674

2,573

2,151

2,180

1,296

Accrued liabilities

23,663

30,307

28,096

27,026

21,788

23,300

22,904

22,756

20,083

26,848

22,203

18,973

14,950

17,397

14,786

13,201

11,079

13,834

12,234

10,308

8,946

11,007

8,975

7,473

7,805

9,328

7,784

7,668

7,087

9,493

9,486

9,382

8,936

9,262

7,339

6,909

6,194

Operating lease liabilities

2,204

2,800

634

1,276

1,840

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Extended warranty liability

1,765

1,999

2,232

2,399

2,667

3,159

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

10,180

10,831

10,164

10,717

10,263

9,882

8,939

9,288

8,847

9,461

8,801

8,901

8,275

8,394

8,312

8,919

8,836

8,638

8,470

8,659

8,971

8,898

8,745

8,561

8,058

7,494

7,195

6,993

6,766

6,618

6,299

6,285

5,770

5,185

5,447

5,474

5,633

Total current liabilities

52,416

58,622

55,266

52,859

46,895

47,620

45,164

42,787

37,136

43,311

36,809

32,167

26,314

28,389

26,381

24,872

22,485

24,431

23,363

22,564

20,772

22,988

20,438

18,062

18,346

18,642

17,079

17,091

16,014

18,218

18,082

17,866

17,380

17,020

14,937

14,563

13,123

Deferred revenue, net of current portion

2,789

3,391

3,309

3,142

2,828

2,684

2,380

2,519

2,168

2,195

1,950

1,982

1,801

1,705

1,426

1,685

1,986

2,287

2,495

3,107

3,714

4,346

4,596

4,578

4,324

4,340

3,395

2,844

2,538

2,102

1,411

905

917

840

775

898

1,287

Income tax liability

93

93

93

93

399

394

352

386

384

379

171

170

169

168

164

157

127

182

187

180

167

145

151

144

118

108

69

325

320

412

471

469

469

478

489

494

477

Operating lease liabilities, net of current portion

5,149

5,112

7,888

7,888

7,759

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

447

578

690

782

354

553

640

665

583

460

505

604

565

582

597

587

507

584

538

699

798

926

1,029

1,141

1,200

1,314

1,353

1,386

1,449

1,288

1,347

1,400

1,450

1,448

1,432

1,455

1,501

Total liabilities

60,894

67,796

67,246

64,764

58,235

51,251

48,536

46,357

40,271

46,345

39,435

34,923

28,849

30,844

28,568

27,301

25,105

27,484

26,583

26,550

25,451

28,405

26,214

23,925

23,988

24,404

21,896

21,646

20,321

22,020

21,311

20,640

20,216

19,786

17,633

17,410

16,388

Commitments and Contingencies (Notes 12 and 13)

-

-

-

-

-

-

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’ equity:
Convertible preferred stock, $0.001 par value; authorized: 5,000,000 shares; none issued and outstanding

-

-

-

-

-

-

-

-

0

-

0

0

0

0

-

-

-

0

-

-

-

0

-

-

0

-

0

0

0

0

0

0

0

0

0

0

0

Common stock, $0.001 par value; authorized: 50,000,000 shares; issued and outstanding: 14,578,146 and 14,315,586 shares at March 31, 2020 and December 31, 2019, respectively

15

14

14

14

14

14

14

14

14

13

14

14

14

14

13

13

13

13

13

14

15

14

14

14

14

14

14

15

14

14

14

14

14

14

14

14

14

Additional paid-in capital

82,292

82,346

78,305

74,870

71,399

70,451

68,180

66,291

62,057

62,025

81,195

86,403

87,569

88,114

83,758

81,309

81,319

79,782

81,043

98,428

107,408

105,721

104,284

102,649

101,541

98,820

99,899

105,954

105,089

100,552

98,865

98,044

97,043

95,719

94,594

93,515

90,423

Accumulated deficit

-48,772

-36,358

-34,270

-31,642

-32,230

-24,010

2,283

3,156

5,888

2,947

-19,933

-26,121

-28,068

-27,046

-31,308

-32,952

-31,723

-29,672

-31,722

-30,765

-28,876

-25,232

-23,607

-20,971

-18,230

-14,620

-14,342

-12,674

-12,036

-9,873

-10,950

-10,058

-8,592

-3,325

-2,438

425

6,736

Accumulated other comprehensive income (loss)

1

-60

-59

-60

-63

-69

-74

-87

-104

-92

-63

-68

-73

-72

-54

-38

-20

-89

0

17

26

5

18

68

52

51

45

-40

83

81

-160

-325

-716

-841

-837

-1,134

-1,756

Total stockholders’ equity

33,536

45,942

43,990

43,182

39,120

46,386

70,403

69,374

67,855

64,893

61,213

60,228

59,442

61,010

52,409

48,332

49,589

50,034

49,334

67,694

78,573

80,508

80,709

81,760

83,377

84,265

85,616

93,255

93,150

90,774

87,769

87,675

87,749

91,567

91,333

92,820

95,417

Total liabilities and stockholders’ equity

94,430

113,738

111,236

107,946

97,355

97,637

118,939

115,731

108,126

111,238

100,648

95,151

88,291

91,854

80,977

75,633

74,694

77,518

75,917

94,244

104,024

108,913

106,923

105,685

107,365

108,669

107,512

114,901

113,471

112,794

109,080

108,315

107,965

111,353

108,966

110,230

111,805