Deswell industries inc (DSWL)
Balance Sheet / Quarterly
Mar'18Mar'17Mar'16Mar'15Mar'14Mar'13Mar'12Mar'11
ASSETS
Current assets:
Cash and cash equivalents

15,192

8,078

11,996

14,325

23,278

32,030

33,073

35,635

Time deposits maturing over three months

2,190

5,422

5,276

9,911

11,258

8,684

4,008

-

Time deposits maturing over twelve months - current portion

3,129

0

-

-

-

-

-

-

Marketable securities (note 3)

17,282

16,327

-

-

-

-

-

-

Marketable securities (note 3)

-

-

12,020

9,803

5,303

6,168

0

1,045

Available-for-sale securities (note 4)

-

-

1,603

1,676

1,643

1,586

7,630

-

Accounts receivable, less allowances for doubtful accounts of $1,252 and $270 at March 31, 2017 and 2018, respectively

15,912

13,159

9,208

9,577

7,926

8,291

12,476

17,210

Inventories (note 4)

12,933

10,688

8,114

10,828

11,012

11,376

15,852

19,517

Prepaid expenses and other current assets (note 5)

2,267

2,419

1,658

2,120

1,474

1,152

2,164

2,154

Assets held for sale (note 7)

-

-

778

0

-

-

-

-

Total current assets

68,905

56,093

50,653

58,240

61,894

69,287

75,203

75,561

Property, plant and equipment, net (note 6)

31,494

31,992

32,352

36,598

38,742

42,694

46,177

51,052

Time deposits maturing over twelve months

0

2,902

4,566

1,601

0

-

-

-

Deferred income tax assets (note 10)

-

-

-

-

-

192

187

154

Goodwill (note 2)

0

0

0

0

0

392

392

392

Total assets

100,399

90,987

87,571

96,439

100,636

112,565

121,959

127,159

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable

8,596

5,152

2,228

3,348

2,665

3,144

5,741

6,864

Accrued payroll and employee benefits

5,566

4,643

4,035

4,228

4,391

4,133

3,778

3,971

Customer deposits

1,707

2,152

1,423

2,450

1,780

1,254

2,257

1,965

Other accrued liabilities (note 7)

1,873

1,474

1,289

1,201

1,237

1,260

1,311

1,453

Income taxes payable

603

476

401

345

262

592

438

596

Total current liabilities

18,345

13,897

-

-

-

-

-

-

Deferred income tax liabilities (note 8)

775

889

825

804

691

606

421

213

Dividend payable

-

-

562

0

-

-

324

810

Total liabilities

19,120

14,786

10,763

12,376

11,026

10,989

14,270

15,872

Commitments and contingencies (note 9)

-

0

0

0

0

0

0

0

Shareholders' equity:
Common shares nil par value; authorized 30,000,000 shares; 17,031,810 shares issued as of March 31, 2017 and 2018; 15,885,239 shares outstanding as of March 31, 2017 and 2018

53,063

53,063

53,063

53,063

53,063

52,443

50,816

50,809

Treasury stock at cost; 1,146,571 and 1,146,571 shares as of March 31, 2017 and 2018 (note 12)

2,821

2,821

2,513

2,513

2,513

1,102

0

-

Additional paid-in capital

8,005

8,005

8,005

8,005

7,806

7,933

8,265

7,719

Accumulated other comprehensive income

5,316

5,316

5,305

5,378

5,345

5,288

4,570

5,316

Retained earnings

17,716

12,638

12,948

20,130

25,909

37,014

44,038

47,443

Total shareholders' equity

81,279

76,201

76,808

84,063

89,610

101,576

107,689

111,287

Total liabilities and shareholders' equity

100,399

90,987

87,571

96,439

100,636

112,565

121,959

127,159