Daseke, inc. (DSKE)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15
ASSETS
Current assets:
Cash and cash equivalents

107,500

95,700

79,600

63,700

62,400

46,000

18,077

78,734

182,698

90,679

112,510

41,584

38,549

3,695

-

1,169

1,594

2,004

2,019

1

Accounts receivable, net of allowance of $4.3 at March 31, 2020 and $3.5 at December 31, 2019

166,600

197,800

230,300

231,000

218,100

209,200

233,983

195,606

143,402

127,368

106,081

88,224

67,342

54,177

-

-

-

-

-

-

Drivers’ advances and other receivables

6,900

8,200

8,000

7,300

8,300

5,500

6,045

5,215

5,188

4,792

2,809

2,707

2,446

2,632

-

-

-

-

-

-

Current portion of net investment in sales-type leases

-

-

-

-

-

16,200

15,744

13,346

11,158

10,979

6,022

4,790

4,015

3,516

-

-

-

-

-

-

Parts supplies

3,100

3,500

3,900

5,000

4,900

4,900

5,366

5,040

4,873

4,653

4,365

3,947

1,687

1,467

-

-

-

-

-

-

Assets held for sale

69,800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax receivable

-

-

-

-

-

-

-

-

83

-

111

158

418

719

-

-

-

-

-

-

Prepaid and other current assets

18,400

21,900

21,900

19,700

19,600

26,300

33,458

34,433

31,309

28,240

20,321

16,192

11,917

13,504

-

-

-

-

-

-

Cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

818

-

-

-

-

-

Prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34

44

85

50

71

-

Total current assets

372,300

327,100

343,700

326,700

313,300

308,100

312,673

332,374

378,711

266,711

252,219

157,602

126,374

79,710

852

1,213

1,679

2,054

2,090

-

Property and equipment, net

387,900

439,000

463,100

579,900

598,800

572,700

562,659

501,120

406,997

429,639

369,199

345,989

303,035

318,747

-

-

-

-

-

-

Intangible assets, net

100,800

109,100

111,000

200,900

204,700

208,800

212,009

186,857

91,110

93,120

77,541

68,768

70,211

71,653

-

-

-

-

-

-

Goodwill

139,100

139,900

145,700

258,700

258,500

258,400

274,291

264,025

302,539

302,702

139,889

108,413

89,035

89,035

-

-

-

-

-

-

Right-of-use assets

108,500

95,900

97,000

106,800

98,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term assets

29,500

29,600

29,600

30,000

26,000

42,900

44,902

39,726

31,037

33,496

18,573

14,223

12,395

11,090

-

-

-

-

-

-

Cash and investments held in Trust Account

-

-

-

-

-

-

-

-

-

-

-

-

-

-

199,676

199,671

199,766

199,654

199,733

-

Deferred offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

187

Total assets

1,138,100

1,140,600

1,190,100

1,503,000

1,499,800

1,390,900

1,406,534

1,324,102

1,210,394

1,125,668

857,421

694,995

601,050

570,235

200,528

200,884

201,445

201,708

201,823

188

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Checks outstanding in excess of bank balances

-

-

-

-

-

-

-

-

-

-

1,479

925

1,479

-

-

-

-

-

-

-

Accounts payable

17,400

20,500

24,000

23,800

29,700

22,200

25,534

29,057

14,316

12,488

12,493

9,898

7,191

5,954

58

111

166

44

-

-

Accrued expenses and other liabilities

46,900

44,200

54,200

50,600

48,100

46,500

54,370

46,319

29,963

25,876

24,660

22,137

15,182

16,104

-

-

-

-

-

-

Accrued payroll, benefits and related taxes

24,900

28,200

39,600

27,200

25,500

21,700

20,315

16,330

13,865

14,004

12,027

12,191

9,037

7,835

-

-

-

-

-

-

Accrued insurance and claims

19,300

18,700

18,600

18,500

17,500

18,100

14,351

12,236

12,732

12,644

10,248

9,803

9,617

9,840

-

-

-

-

-

-

Current portion of long-term debt

57,700

59,400

61,600

62,400

64,100

63,500

58,407

48,022

43,625

43,056

26,514

21,520

14,131

52,665

-

-

-

-

-

-

Liabilities held for sale

13,100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current liabilities

49,300

48,800

49,900

50,000

48,400

21,900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,098

3,662

2,092

28

-

-

Accrued franchise taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

59

39

92

125

-

-

Total current liabilities

228,600

219,800

247,900

232,500

233,300

193,900

172,977

151,964

114,501

108,068

87,421

76,474

56,637

92,398

6,215

3,812

2,350

197

-

-

Line of credit

-

1,700

-

-

-

-

15,664

-

7,220

4,561

-

-

-

6,858

-

-

-

-

-

-

Long-term debt, net of current portion

625,600

631,600

639,100

636,500

631,200

622,700

-

-

-

569,740

-

-

-

-

-

-

-

-

-

-

Deferred tax liabilities

70,700

69,900

-

-

-

126,800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, net of current portion

-

-

-

-

-

-

594,360

567,378

563,183

-

395,841

325,124

266,466

208,372

-

-

-

-

-

-

Deferred tax liabilities

-

-

66,200

123,900

125,400

-

134,057

121,513

89,702

90,434

114,900

106,515

89,744

92,815

-

-

-

-

-

-

Other long-term liabilities

92,600

78,900

79,600

79,100

72,300

500

20,960

20,985

1,407

1,632

1,342

227

230

286

-

-

-

-

-

-

Subordinated debt

-

-

-

-

-

-

-

-

-

-

-

-

-

66,443

-

-

-

-

-

-

Current liabilities - Accounts payable and accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

106

38

Deferred underwriting compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,185

7,185

7,185

7,185

7,185

-

Notes and advances payable - related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

125

Total liabilities

1,017,500

1,001,900

1,032,800

1,072,000

1,062,200

943,900

938,018

861,840

776,013

774,435

599,504

508,340

413,077

467,172

13,400

10,997

9,535

7,382

7,291

163

Common stock subject to possible redemption; 17,984,292 and 18,932,591 shares, respectively, at December 31, 2016 and December 31, 2015 (at redemption value of approximately $10.00 per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

182,128

184,887

186,910

189,326

189,532

-

Commitments and contingencies (Note 14)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

-

0

Stockholders’ equity:
Common stock, par value $0.0001 per share; 250,000,000 shares authorized, 64,598,025 and 64,589,075 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

-

-

-

-

-

-

6

6

6

5

4

4

4

2

-

-

-

-

-

-

Preferred stock, $0.0001 par value; 1,000,000 authorized shares, none issued or outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

Common stock, $0.0001 par value, 45,000,000 authorized shares, 6,965,593 and 6,017,294 shares, respectively, issued and outstanding (excluding 17,984,292 and 18,932,591 shares, respectively, subject to possible redemption) at December 31, 2016 and December 31, 2015

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

1

1

1

1

1

Additional paid-in-capital

438,400

437,500

436,600

435,600

434,900

433,900

432,795

427,892

363,434

277,931

222,102

150,190

146,215

117,806

12,467

9,708

7,685

5,269

5,063

24

Accumulated deficit

-381,900

-363,400

-343,700

-69,200

-61,500

-51,000

-29,710

-30,652

5,302

7,338

-30,221

-29,046

-23,246

-14,694

-7,468

-4,709

-2,686

-270

-64

0

Accumulated other comprehensive loss

-900

-400

-600

-400

-800

-900

425

16

639

959

1,032

507

-

-52

-

-

-

-

-

-

Total stockholders’ equity

120,600

138,700

157,300

431,000

437,600

447,000

468,516

462,262

434,381

351,233

257,917

186,655

187,973

103,063

5,000

5,000

5,000

5,000

5,000

25

Total liabilities and stockholders’ equity

1,138,100

1,140,600

1,190,100

1,503,000

1,499,800

1,390,900

1,406,534

1,324,102

1,210,394

1,125,668

857,421

694,995

601,050

570,235

200,528

200,884

201,445

201,708

201,823

188

Series A convertible preferred stock
Series A convertible preferred stock, $0.0001 par value; 10,000,000 shares authorized; 650,000 shares issued with liquidation preference of $65.0 at March 31, 2020 and December 31, 2019

65,000

65,000

65,000

65,000

65,000

65,000

-

-

-

65,000

-

-

-

-

-

-

-

-

-

-

Total stockholders’ equity

65,000

65,000

-

-

-

65,000

-

-

-

65,000

-

-

-

-

-

-

-

-

-

-