DAILY JOURNAL CORPORATION DJCO Balance Sheet

Daily journal corporation (DJCO)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Sep'10
Current assets
Cash and cash equivalents
5,822	7,376	10,630	8,508	5,782	6,691	9,301	4,974	7,224	2,508	3,384	2,635	4,050	4,873	11,411	10,362	9,228	8,883	15,617	12,573	11,855	8,660	15,410	14,750	11,274	10,116	11,338	6,283	4,793	4,388	985	2,999	5,878	2,603	3,058	4,096	3,615
Marketable securities at fair value -- common stocks of $136,901,000 at March 31, 2020 and $194,581,000 at September 30, 2019
136,901	214,112	194,581	195,367	192,153	183,656	212,296	-	-	-	229,265	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
U.S. Treasury Bills
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	800	2,800	500	500	13,100	9,100	13,499
Marketable securities at fair value, including common stocks of $207,499,000 at June 30, 2018, and common stocks of $220,973,000 and bonds of $8,292,000 at September 30, 2017
-	-	-	-	-	-	-	207,499	217,803	244,934	-	210,553	203,778	196,486	166,634	161,250	162,531	178,984	166,041	181,637	172,865	174,338	173,676	166,823	168,028	150,747	136,994	128,421	120,299	114,120	102,156	94,831	97,686	76,213	56,116	66,338	50,082
Accounts receivable, less allowance for doubtful accounts of $200,000 at March 31, 2020 and September 30, 2019
6,347	7,532	7,036	8,544	7,342	7,033	4,803	8,312	4,239	4,192	5,358	5,649	5,285	5,598	4,707	5,730	6,123	5,228	5,673	6,654	6,563	7,832	8,566	6,850	6,339	6,255	6,314	4,813	5,734	5,058	5,709	5,359	4,666	6,510	6,595	7,872	9,209
Inventories
40	49	40	41	43	55	46	53	46	40	40	49	50	50	41	47	38	50	48	63	38	55	51	48	38	32	56	47	40	47	43	38	31	39	44	40	29
Prepaid expenses and other current assets
593	758	508	234	389	491	512	487	612	641	798	933	745	795	800	-	-	-	684	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	614	664	733	-	699	844	918	983	1,336	1,531	1,650	1,958	545	492	373	241	244	308	328	232	229	230
Income tax receivable
470	72	153	136	263	58	270	1,508	854	987	909	956	650	245	890	668	352	690	765	1,412	868	694	2,051	1,418	16	52	305	952	822	239	196	-	-	-	-	-	-
Total current assets
150,173	229,899	212,948	212,830	205,972	197,984	227,228	222,833	230,778	253,302	239,754	220,775	214,558	208,047	184,483	178,671	178,936	194,568	188,828	203,038	193,033	192,497	200,737	191,225	187,226	168,852	156,965	141,061	132,180	124,225	110,130	106,271	109,069	86,193	79,145	87,675	76,664
Property, plant and equipment, at cost
Land, buildings and improvements
16,599	16,534	16,499	16,485	16,472	16,472	16,422	16,409	16,409	16,396	16,396	16,396	16,404	16,404	16,306	16,284	16,283	16,268	12,773	12,759	12,759	12,799	12,814	12,861	12,847	12,847	12,847	12,846	12,846	12,847	12,819	12,818	12,818	12,937	12,849	12,837	12,842
Land, buildings and improvements
16,599	16,534	16,499	16,485	16,472	16,472	16,422	16,409	16,409	16,396	16,396	16,396	16,404	-	16,306	16,284	16,283	16,268	-	12,759	12,759	12,799	12,814	12,861	12,847	12,847	12,847	12,846	12,846	12,847	12,819	12,818	12,818	12,937	12,849	12,837	12,842
Furniture, office equipment and computer software
2,188	2,181	2,119	2,911	2,911	2,911	2,877	2,858	2,752	2,724	2,724	2,722	2,777	2,771	2,743	2,657	2,754	2,683	2,655	3,179	3,132	2,899	2,889	2,958	2,781	2,663	2,712	2,692	2,618	2,560	2,263	2,485	2,433	2,777	2,777	2,857	2,899
Machinery and equipment
1,749	1,750	1,750	1,749	1,749	1,749	1,749	1,818	1,818	1,818	1,799	1,799	1,799	1,799	1,864	1,864	1,864	1,864	1,864	1,864	1,864	1,870	1,864	2,039	2,039	2,039	2,014	2,014	2,091	2,082	2,072	2,073	2,073	2,133	2,124	2,123	2,124
Property, Plant and Equipment, Gross, Ending Balance
20,536	20,465	20,368	21,145	21,132	21,132	21,048	21,085	20,979	20,938	20,919	20,917	20,980	20,974	20,913	20,805	20,901	20,815	17,292	17,802	17,755	17,568	17,567	17,858	17,667	17,549	17,573	17,552	17,555	17,489	17,154	17,376	17,324	17,847	17,750	17,817	17,865
Less accumulated depreciation
9,828	9,700	9,572	10,272	10,132	9,981	9,828	9,721	9,584	9,433	9,292	9,134	9,056	8,890	8,849	8,689	8,641	8,473	8,335	8,775	8,633	8,621	8,552	8,716	8,558	8,397	8,343	8,341	8,288	8,168	7,911	8,021	7,895	8,478	8,376	8,371	8,084
Property, Plant and Equipment, Net, Ending Balance
10,708	10,765	10,796	10,873	11,000	11,151	11,220	11,364	11,395	11,505	11,627	11,783	11,924	12,084	12,064	12,116	12,260	12,342	8,957	9,027	9,122	8,947	9,015	9,142	9,109	9,152	9,230	9,211	9,267	9,321	9,243	9,355	9,429	9,369	9,374	9,446	9,781
Operating lease right-of-use assets
382	390	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangibles, net
-	-	-	-	-	-	-	499	1,248	1,996	3,058	4,282	5,506	6,729	7,953	9,213	10,472	11,731	12,990	14,072	15,296	16,520	17,744	18,967	20,191	21,415	22,637	8,411	8,888	9,364	-	-	-	-	-	-	-
Goodwill
-	-	-	13,400	13,400	13,400	13,400	13,400	13,400	13,400	13,400	13,400	13,400	13,400	13,400	13,400	13,400	13,400	13,400	13,400	13,400	13,400	13,400	13,400	13,400	13,400	13,400	14,000	14,000	14,000	-	-	-	-	-	-	-
Deferred income taxes - Federal
11,661	13,039	12,596	11,845	12,087	9,753	9,269	7,717	7,622	7,436	10,652	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes - State
1,811	766	1,036	807	1,004	2,828	2,881	2,355	2,299	2,251	2,217	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes, net
-	-	-	-	-	-	-	-	-	-	-	11,163	9,771	8,501	7,546	6,522	6,894	6,455	4,021	3,663	3,744	3,462	2,981	2,949	1,248	1,102	858	1,068	1,414	1,545	1,591	2,030	2,116	2,204	2,297	3,242	2,476

-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23,479	24,302	24,909	-	-	-	-	-	-	-
Total Assets
174,735	254,859	237,376	249,755	243,463	235,116	263,998	258,168	266,742	289,890	280,708	261,403	255,159	248,761	225,446	219,922	221,962	238,496	228,196	243,200	234,595	234,826	243,877	235,683	231,174	213,921	203,090	173,751	165,749	158,455	120,964	117,656	120,614	97,766	90,816	100,363	88,921
Current liabilities
Accounts payable
3,061	3,857	4,520	4,301	4,571	4,036	2,820	3,616	2,898	2,951	3,049	2,914	3,158	2,662	2,644	2,659	2,617	2,576	4,212	4,114	4,367	3,321	4,344	4,406	4,193	3,719	4,259	1,665	1,861	2,235	2,201	2,089	2,082	2,656	2,436	2,959	2,879
Accrued liabilities
5,216	5,008	5,173	5,013	4,328	3,804	4,402	3,473	2,932	2,411	3,112	2,995	2,545	2,191	2,583	2,981	2,790	2,661	2,919	3,803	3,293	2,882	3,118	3,067	3,042	3,100	4,443	4,217	4,001	4,031	2,738	2,940	2,328	1,806	3,183	3,106	3,376
Note payable collateralized by real estate
129	128	126	125	123	123	121	119	118	117	115	114	113	111	110	109	107	106	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	79	-	-	-	-	-	-	578	321	1,457	756	975	852
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,665	5,548	4,824	5,405	4,992	5,004
Total current liabilities
25,599	28,668	30,668	30,415	28,963	27,976	27,257	25,312	22,405	23,018	24,074	79,885	76,929	74,692	64,860	61,512	61,732	68,258	65,881	71,377	67,822	67,608	73,272	70,268	68,447	61,486	58,111	50,863	48,174	45,168	29,539	29,169	30,445	22,332	20,767	25,877	22,585
Long term liabilities
Investment margin account borrowings
29,493	29,493	29,493	29,493	29,493	29,493	29,493	29,493	29,493	29,493	29,493	29,493	29,493	29,493	29,493	29,493	29,493	29,493	29,493	29,493	29,493	29,493	29,493	29,493	29,493	29,493	29,493	14,000	14,000	14,000	-	-	-	-	-	-	-
Note payable collateralized by real estate
1,644	1,676	1,709	1,741	1,773	1,804	1,835	1,866	1,896	1,926	1,956	1,985	2,014	2,043	2,071	2,099	2,127	2,154	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred maintenance agreements
256	211	335	136	47	106	176	312	-	-	759	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred maintenance agreements
-	-	-	-	-	-	-	-	492	580	-	543	143	161	149	92	234	380	551	140	184	154	180	211	238	246	269	-	-	-	-	-	-	-	-	-	-
Income tax payable
-	-	-	-	-	-	-	-	-	-	-	0	0	2,655	2,723	2,805	2,866	2,925	2,991	3,059	3,121	3,182	3,244	3,018	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest and penalty for uncertain and unrecognized tax benefits
-	-	-	-	-	-	-	-	-	-	-	0	0	754	745	708	682	657	633	607	581	557	537	518	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued liabilities
343	290	230	180	180	180	170	135	135	135	135	82	72	72	62	47	102	52	47	350	530	670	780	1,200	1,370	1,790	1,870	3,050	3,450	4,030	4,200	4,500	4,700	4,930	5,170	5,380	5,670
Deferred income taxes
21,816	-	37,241	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	42,611	-	37,566	36,606	34,174	42,151	39,683	-	-	64,550	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	42,369	48,140	-	56,761	54,084	51,359	41,501	39,352	39,798	46,087	40,641	46,638	43,097	43,997	46,502	43,917	44,313	37,649	32,132	29,728	26,389	24,079	19,146	17,897	20,166	11,589	8,987	13,845	10,474
Total long term liabilities
53,552	74,281	69,008	69,116	68,099	65,757	73,825	71,489	74,385	80,274	96,893	32,103	31,722	35,178	35,243	35,244	35,504	35,661	33,715	33,649	33,909	34,056	34,234	34,440	31,101	31,529	31,632	17,050	17,450	18,030	4,200	4,500	4,700	4,930	5,170	5,380	5,670
Commitments and contingencies (Notes 8 and 9)
-	-	-	-	-	-	-	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, $.01 par value, 5,000,000 shares authorized and no shares issued
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	0	-	-	-	0	-	-
Common stock, $.01 par value, 5,000,000 shares authorized; 1,805,053 shares issued, including 424,307 treasury shares, at March 31, 2020 and September 30, 2019
14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14
Additional paid-in capital
1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755	1,755
Retained earnings
93,815	150,141	135,931	148,455	144,632	139,614	45,361	50,695	51,667	71,889	57,150	58,225	59,576	56,597	58,068	59,030	59,368	59,161	59,111	59,271	59,238	58,734	58,301	57,121	57,083	57,030	57,670	56,702	55,876	54,726	53,891	52,308	52,100	50,056	48,350	46,427	40,510
Accumulated other comprehensive income
-	-	-	-	-	-	115,786	108,903	116,516	112,940	100,822	89,421	85,163	80,525	65,506	62,367	63,589	73,647	67,720	77,134	71,857	72,659	76,301	72,085	72,774	62,107	53,908	47,367	42,480	38,762	31,565	29,910	31,600	18,679	14,760	20,910	18,387
Total shareholders' equity
95,584	151,910	137,700	150,224	146,401	141,383	162,916	161,367	169,952	186,598	159,741	149,415	146,508	138,891	125,343	123,166	124,726	134,577	128,600	138,174	132,864	133,162	136,371	130,975	131,626	120,906	113,347	105,838	100,125	95,257	87,225	83,987	85,469	70,504	64,879	69,106	60,666
Liabilities and Equity, Total
174,735	254,859	237,376	249,755	243,463	235,116	263,998	258,168	266,742	289,890	280,708	261,403	255,159	248,761	225,446	219,922	221,962	238,496	228,196	243,200	234,595	234,826	243,877	235,683	231,174	213,921	203,090	173,751	165,749	158,455	120,964	117,656	120,614	97,766	90,816	100,363	88,921
Subscription and Circulation [Member]
Deferred revenue
2,884	2,892	3,195	3,255	2,978	2,947	3,174	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Installation Contracts [Member]
Deferred revenue
1,108	2,012	1,932	1,810	2,428	2,442	2,554	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
License and Maintenance [Member]
Deferred revenue
13,201	14,771	15,722	15,911	14,535	14,624	14,186	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-