DXP ENTERPRISES INC DXPE Balance Sheet

Dxp enterprises inc (DXPE)

Balance Sheet / TTM

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	Dec'10
ASSETS
Current assets:
Cash
32,730	54,203	28,436	25,429	30,606	40,304	15,994	2,489	12,646	22,047	19,473	2,479	995	1,590	3,429	1,087	622	1,693	8,137	1,488	2,409	47	9,923	12,093	12,131	5,469	8,271	12,094	7,235	10,455	12,180	6,591	3,522	1,507	1,685	1,140	770
Restricted cash
124	124	124	124	122	215	396	399	399	3,532	3,614	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts Receivable, net of allowance for doubtful accounts of $8,908 and $8,929
194,061	187,116	210,098	210,257	197,267	191,829	183,454	185,261	168,176	167,272	165,235	160,370	156,971	148,919	152,952	159,147	160,671	162,925	187,501	194,346	212,017	239,236	269,537	281,872	250,319	186,854	196,036	188,640	189,292	174,832	188,698	157,781	147,916	137,024	121,247	114,725	99,781
Inventories
133,021	129,364	131,916	128,012	121,754	114,830	116,545	110,767	103,194	91,413	87,720	90,697	84,325	83,699	98,189	98,397	105,872	103,819	108,128	109,724	112,659	115,658	117,051	111,858	110,703	105,271	110,207	108,806	99,719	101,422	98,969	99,389	95,327	93,901	79,112	77,662	75,887
Costs and estimated profits in excess of billings
35,756	32,455	33,898	35,484	38,150	32,514	38,432	37,943	35,534	26,915	24,191	19,218	19,218	18,421	16,836	19,784	18,389	22,045	20,274	25,930	23,253	20,083	-	-	-	6,487	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other current assets
6,776	4,223	6,328	4,729	5,597	4,938	5,640	4,750	4,580	5,296	4,290	3,875	3,816	2,138	6,707	8,050	8,405	2,644	4,172	4,737	5,075	3,004	4,904	5,180	5,178	2,693	3,692	3,418	3,363	3,811	2,106	3,279	3,183	2,230	3,048	3,125	2,550
Federal income taxes receivable
840	996	1,518	593	0	960	1,323	986	2,269	1,440	2,404	3,198	1,642	2,558	107	1,243	3,133	1,839	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	402
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,829	9,815	9,400	8,996	8,819	8,301	7,908	8,250	8,428	8,317	11,760	7,713	7,158	7,021	6,725	5,182	6,252	5,219	4,813	4,539	4,067	4,032	5,919
Total current assets
403,308	408,481	412,318	404,628	393,496	385,590	361,784	342,595	326,798	317,915	306,927	279,837	266,967	257,325	288,049	297,523	306,492	303,961	337,031	344,526	363,321	386,278	409,843	419,320	390,091	314,487	325,364	319,979	306,334	295,702	308,205	272,259	254,761	239,201	209,159	200,684	185,309
Property and equipment, net
63,867	63,703	58,516	55,534	51,404	51,330	52,617	53,035	52,257	53,000	55,703	56,610	58,304	60,807	63,100	66,430	68,185	68,503	70,349	69,385	68,985	69,979	71,027	72,021	70,657	58,253	60,751	60,402	58,824	58,713	52,867	27,972	17,007	16,911	15,670	15,809	14,917
Goodwill
202,502	194,052	194,052	194,052	194,052	194,052	194,052	194,033	194,074	187,591	187,591	187,591	187,591	187,591	197,211	197,211	197,211	197,362	206,860	256,213	253,312	253,312	373,719	372,829	374,089	188,110	186,847	177,258	147,347	145,788	141,927	119,844	103,607	101,764	85,942	85,942	84,942
Other intangible assets, net
53,324	52,582	56,072	59,953	63,609	67,207	71,783	75,682	80,037	78,525	83,045	86,707	90,665	94,831	99,662	104,441	108,957	112,297	117,601	120,301	123,088	130,333	139,954	146,928	145,317	69,722	73,412	71,287	58,131	63,189	76,184	55,766	43,630	43,194	27,431	29,026	32,236
Operating Lease, Right-of-Use Asset
65,268	66,191	67,296	69,094	70,851	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term assets
3,422	3,211	3,300	3,346	1,795	1,783	1,596	1,587	1,707	1,715	1,809	1,734	1,787	1,498	1,669	1,676	1,822	1,857	1,893	3,191	1,736	1,730	4,752	5,045	5,376	6,043	5,127	5,099	4,972	6,340	5,331	2,372	2,249	2,680	941	932	931
Total assets
791,691	788,220	791,554	786,607	775,207	699,962	681,832	666,932	654,873	639,083	635,075	612,479	605,314	602,052	649,691	667,281	682,667	683,980	733,734	793,616	810,442	841,632	999,295	1,016,143	985,530	636,615	651,501	634,025	575,608	569,732	584,514	478,213	422,673	405,338	341,025	334,661	320,624
LIABILITIES AND EQUITY
Current liabilities:
Long-term Debt, Current Maturities
2,500	2,500	2,500	3,420	3,414	3,407	3,394	3,394	3,387	3,381	3,365	217,974	224,715	51,354	115,222	112,091	364,842	50,829	47,699	44,568	41,603	38,608	38,816	39,022	39,142	26,213	23,776	22,057	22,057	22,057	18,098	3,127	2,303	694	692	10,757	10,930
Less unamortized debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,321	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term debt less unamortized debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	363,521	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trade accounts payable
82,647	76,438	83,174	89,293	92,460	87,407	91,117	95,013	90,930	80,303	81,518	88,953	79,279	78,698	77,028	72,494	73,914	77,108	82,664	84,199	93,730	100,774	104,947	109,741	101,807	78,853	91,918	80,543	78,617	74,356	73,496	75,521	77,231	62,123	61,170	66,713	55,019
Outstanding checks related to acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	36,697	-	-	0
Accrued wages and benefits
18,387	23,412	20,242	20,772	16,882	21,275	16,733	18,106	14,411	18,483	14,735	16,148	13,998	16,962	17,411	18,924	16,525	20,864	24,686	22,194	24,757	26,967	30,784	23,939	24,952	20,473	23,741	17,404	15,189	15,216	15,196	13,084	12,768	12,713	13,039	9,956	11,826
Customer advances
5,830	3,408	4,606	5,077	3,867	3,223	2,876	7,882	2,718	2,189	4,910	2,348	3,092	2,441	3,054	1,675	3,187	1,076	2,686	3,773	4,207	4,262	3,813	5,648	4,682	3,720	5,047	6,288	7,998	2,996	9,232	8,507	9,056	3,767	5,528	5,989	5,824
Billings in excess of costs and estimated profits
4,535	11,871	7,201	5,968	8,207	10,696	5,554	3,075	4,156	4,249	3,032	2,719	4,000	2,813	2,474	2,197	4,131	8,021	6,750	8,106	7,075	8,840	-	-	-	1,338	-	-	-	-	-	-	-	-	-	-	-
Short-term operating lease liabilities
15,926	17,603	17,711	17,887	17,660	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Federal income taxes payable
-	-	-	-	67	-	-	-	-	-	-	-	-	-	-	-	-	-	4,913	7,433	4,081	8,130	1,710	1,931	4,917	853	8,033	0	4,921	1,696	3,387	986	6,228	2,409	1,479	1,974	0
Other current liabilities
14,727	12,939	16,544	15,904	16,075	17,269	16,703	5,645	18,421	16,220	14,726	12,460	13,768	14,391	17,787	16,766	16,071	22,220	25,823	24,944	15,457	19,621	29,851	22,594	23,336	18,605	7,162	22,046	11,352	12,131	11,895	12,956	15,330	16,055	12,003	10,082	9,284
Total current liabilities
144,552	148,171	151,978	158,321	158,632	143,277	136,377	133,115	134,023	124,825	122,286	340,602	338,852	166,659	232,976	224,147	477,349	180,118	195,221	195,217	190,910	207,202	209,921	202,875	198,836	150,055	159,677	148,338	140,134	128,452	131,304	114,181	122,916	134,458	93,911	105,471	92,883
Long-term debt, less current maturities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	300,726	330,834	334,940	363,222	372,908	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less unamortized debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2,046	2,376	2,135	2,425	2,714	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term Debt, Excluding Current Maturities
235,263	235,419	235,576	236,202	236,591	236,979	237,434	237,875	238,217	238,643	239,042	2,284	2,504	173,331	203,043	235,041	0	298,680	328,458	332,805	360,797	370,194	410,796	452,798	431,356	168,372	212,375	225,274	198,231	216,339	240,933	178,154	131,095	114,205	100,904	90,473	103,621
Long-term operating lease liabilities
47,480	48,605	49,602	51,188	52,993	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
708	1,205	951	1,024	988	2,819	2,611	2,611	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
11,468	9,872	11,056	9,662	9,422	8,633	8,048	7,966	8,429	7,069	12,102	11,765	10,388	9,513	7,586	8,921	11,315	6,312	7,837	18,400	17,736	21,284	40,004	39,241	44,043	21,938	22,492	-	-	16,448	15,901	4,190	-	0	-	-	-
Total long-term liabilities
294,919	295,101	297,185	298,076	299,994	248,431	248,093	248,452	246,646	245,712	-	-	-	182,844	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-current deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,480	15,488	-	0	0	1,419	1,588	1,882	2,268	2,289
Total liabilities
439,471	443,272	449,163	456,397	458,626	391,708	384,470	381,567	380,669	370,537	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commitments and contingencies (Note 11)
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	-	-	0
Shareholders' Equity:
Series A and B preferred stock, $1.00 par value each; 1,000,000 shares authorized each
16	16	16	16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, $0.01 par value, 100,000,000 shares authorized; 17,721,269 and 17,604,092 outstanding
175	174	174	174	174	174	174	174	173	174	174	174	174	173	148	146	146	146	146	146	146	146	146	146	146	144	143	142	141	141	143	142	141	141	141	141	140
Additional paid-in capital
160,695	157,886	157,426	157,091	156,651	156,190	155,671	155,343	154,663	153,087	152,857	152,727	152,768	152,313	104,772	104,516	110,155	110,306	110,376	114,530	115,972	115,605	115,080	114,379	114,685	109,892	84,374	84,049	79,649	78,554	78,025	77,223	75,797	75,204	73,736	73,320	72,616
Retained earnings
211,367	205,680	203,526	190,440	177,003	169,735	158,635	150,322	138,710	134,193	127,560	124,617	120,505	117,395	110,036	109,796	104,648	109,783	112,724	165,182	158,037	148,409	238,469	220,849	205,332	193,737	176,855	160,526	146,797	133,590	119,542	106,473	94,382	82,695	73,506	65,255	51,348
Accumulated other comprehensive loss
-21,117	-19,954	-19,985	-18,704	-18,565	-19,267	-17,611	-21,001	-19,868	-19,491	-19,309	-20,139	-20,594	-18,274	-10,211	-10,230	-9,978	-10,616	-10,303	-10,471	-8,740	-5,700	-4,175	-3,038	-3,713	-2,368	740	-1,629	19	1,059	1,141	-334	-229	64	-	-	0
Treasury stock, at cost (zero shares at December 31, 2016 and 264,297 shares at December 31, 2015)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	6,528	12,577	12,577	12,986	22,209	24,432	15,524	10,962	11,123	5,171	5,171	5,171	5,171	4,867	4,867	2,491	1,832	1,445	1,445	1,174	-	0
Total DXP Enterprises, Inc. Equity
351,136	343,802	341,157	329,017	315,279	306,848	296,885	284,854	273,694	267,979	261,298	257,395	252,869	251,623	204,761	197,716	192,410	197,058	199,973	247,194	240,999	242,952	338,574	321,229	311,295	296,250	256,957	237,933	221,755	208,493	196,376	181,688	168,662	156,675	146,210	138,717	124,120
Noncontrolling interest
1,084	1,146	1,234	1,193	1,302	1,406	477	511	510	567	347	433	701	926	1,325	1,456	1,593	1,812	2,245	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Equity
352,220	344,948	342,391	330,210	316,581	308,254	297,362	285,365	274,204	268,546	261,645	257,828	253,570	252,549	206,086	199,172	194,003	198,870	202,218	-	-	242,952	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities and Equity
791,691	788,220	791,554	786,607	775,207	699,962	681,832	666,932	654,873	639,083	635,075	612,479	605,314	602,052	649,691	667,281	682,667	683,980	733,734	793,616	810,442	841,632	999,295	1,016,143	985,530	636,615	651,501	634,025	575,608	569,732	584,514	478,213	422,673	405,338	341,025	334,661	320,624
Series A Preferred Stock
Series A preferred stock, $1.00 par value; 1,000,000 shares authorized. Series B convertible preferred stock, $1.00 par value; 1,000,000 shares authorized
-	-	-	-	1	1	1	1	1	1	1	1	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total equity
-	-	-	-	1	1	-	-	-	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series B Convertible Preferred Stock
Series A preferred stock, $1.00 par value; 1,000,000 shares authorized. Series B convertible preferred stock, $1.00 par value; 1,000,000 shares authorized
-	-	-	-	15	15	15	15	15	15	15	15	15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-