Convergeone holdings, inc. (CVON)
Balance Sheet / Quarterly
Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16
Assets
Current Assets
Cash

11,228

17,529

11,702

13,475

337

409

84

9,632

Trade accounts receivable, less allowances

390,114

357,554

325,059

289,236

-

-

-

180,160

Inventories

34,719

25,161

20,873

14,717

-

-

-

12,127

Prepaid expenses and other current assets

15,326

14,864

16,424

9,294

77

104

-

3,373

Deferred customer support contract costs

41,534

44,057

45,078

35,151

-

0

105

19,779

Income tax receivable

23,595

20,509

16,862

10,576

-

-

-

-

Total current assets

516,516

479,674

435,998

372,449

414

514

-

225,071

Other Assets
Goodwill

342,758

331,377

332,761

331,456

-

-

-

258,570

Finite-life intangibles, net

163,951

166,552

174,210

173,642

-

-

-

134,620

Property and equipment, net

36,304

37,217

35,783

36,659

-

-

-

15,355

Deferred customer support contract costs and other, noncurrent

6,787

3,420

4,618

3,915

-

-

-

805

Non-current income tax receivable

580

579

2,624

2,620

-

-

-

-

Total other assets

550,380

539,145

549,996

548,292

-

-

-

411,189

Cash and marketable securities held in Trust Account

-

-

-

-

174,964

174,502

-

-

Deferred offering costs

-

-

-

-

-

-

-

1,839

Total assets

1,066,896

1,018,819

985,994

920,741

175,379

175,017

189

636,260

Current Liabilities
Current maturities of long-term debt

6,700

6,700

5,652

5,652

-

-

-

3,324

Accounts payable and accrued expenses

-

-

-

-

52

37

-

-

Accounts payable

215,544

189,770

181,250

157,778

-

-

2

95,824

Customer deposits

21,631

20,580

27,299

22,498

-

-

-

14,144

Accrued compensation

38,210

22,431

18,710

34,522

-

-

-

23,382

Accrued other

34,174

38,267

39,880

27,362

-

-

-

11,101

Earnout consideration payable

99,000

66,000

66,000

-

-

-

-

-

Income tax payable

-

-

-

-

169

49

-

4,151

Deferred revenue

87,569

91,203

94,066

68,127

-

-

-

41,876

Total current liabilities

502,828

434,951

432,857

315,939

-

-

-

193,802

Long-Term Liabilities
Long-term debt, net of debt issuance costs and current maturities

701,815

693,075

635,277

566,424

-

-

-

388,964

Deferred income taxes

3,792

4,838

10,823

18,056

-

-

-

37,841

Long-term income tax payable

-

38

1,479

1,563

-

-

-

1,567

Deferred revenue and other long-term liabilities

15,126

14,084

15,144

13,118

-

-

-

1,326

Total long-term liabilities

720,733

712,035

662,723

599,161

-

-

-

429,698

Advances from related parties

-

-

-

-

1

12

164

-

Total Liabilities

-

-

-

-

223

99

166

-

Commitments and Contingencies

0

0

0

0

0

0

0

0

Stockholders' Equity (Deficit)
Common stock subject to possible redemption, 16,728,509 and -0- shares at redemption value as of December 31, 2017 and 2016, respectively

-

-

-

-

170,156

169,917

-

-

Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding

0

0

0

0

0

0

0

-

Common stock

8

8

7

4

-

-

-

-

Subscription receivable from related party

-

-

-

1,805

-

-

-

-

Additional paid-incapital

78,864

48,775

60,984

13,464

4,665

4,904

24

10,367

Treasury stock, 1,066,946 shares held as of September 30, 2018

10,044

-

-

-

-

-

-

-

Accumulated deficit

-225,493

-176,950

-170,577

-6,023

333

94

-2

2,383

Total stockholders' equity (deficit)

-156,665

-128,167

-109,586

5,641

5,000

5,000

22

12,760

Total liabilities and stockholders' equity (deficit)

1,066,896

1,018,819

985,994

920,741

175,379

175,017

189

636,260