Dasan zhone solutions inc (DZSI)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Assets
Current assets:
Cash and cash equivalents

26,437

28,747

47,851

56,421

20,872

27,709

20,028

27,308

23,158

17,475

10,145

9,902

17,288

17,893

33,563

8,335

9,330

9,095

8,963

11,083

11,343

11,528

13,539

15,648

15,605

15,686

14,301

12,722

11,662

11,119

10,274

13,130

15,031

18,190

17,834

19,348

21,174

Restricted cash

9,281

4,646

4,448

8,364

9,165

7,003

7,825

10,426

10,118

12,425

13,058

8,340

6,438

6,650

5,209

-

-

4,764

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable - trade, net of allowance for doubtful accounts of $417 as of March 31, 2020 and $393 as of December 31, 2019

86,270

96,865

100,613

88,372

68,747

71,034

58,880

65,939

54,934

48,257

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term investments

-

-

-

-

-

-

-

-

-

-

0

0

250

993

821

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net of allowances for sales returns and doubtful accounts of $2,095 as of September 30, 2017 and $1,143 as of December 31, 2016:

-

-

-

-

-

-

-

-

-

-

43,478

38,051

39,998

38,324

30,247

26,536

24,827

17,712

30,921

31,564

31,892

29,916

34,165

35,357

30,604

33,328

29,356

27,774

24,241

25,820

26,106

25,457

23,695

31,598

26,853

26,828

29,747

Accounts receivable, net, related parties

-

-

252

-

898

583

2,139

1,224

14,644

13,498

12,941

23,266

14,860

13,311

-

-

-

14,575

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other receivables, others

-

-

8,002

8,115

13,053

12,923

28,097

25,192

17,030

12,494

13,851

14,234

12,918

12,068

-

-

-

11,268

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,031

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other receivables, related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

385

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other receivables

10,020

8,124

1

17

4

65

91

65

72

164

22

0

17

171

12,383

-

-

1,742

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract assets

3,128

16,680

9,351

17,093

17,160

11,381

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

459

-

-

327

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories

39,912

35,439

43,046

43,306

39,718

33,868

45,457

38,187

32,714

25,344

31,966

35,149

35,913

31,032

34,596

14,449

14,576

13,976

15,356

15,425

17,250

19,985

17,669

17,353

17,889

19,562

21,179

20,143

21,158

21,404

25,379

27,658

26,519

27,393

29,458

27,652

31,048

Prepaid expenses and other current assets

5,974

4,185

6,253

4,857

4,706

4,185

12,256

4,137

6,431

3,652

3,198

3,817

3,774

4,131

3,959

2,530

3,044

951

2,421

2,395

2,705

2,863

3,191

2,447

2,191

2,269

2,411

1,945

2,411

2,590

2,619

2,393

2,823

2,672

2,583

2,708

2,514

Total current assets

181,022

194,686

219,817

226,545

174,323

168,751

174,773

172,478

159,101

133,309

128,659

132,759

131,456

124,573

130,653

51,850

51,777

74,410

57,661

60,467

63,190

64,292

68,564

70,805

66,289

70,845

67,247

62,584

59,472

60,933

64,378

68,638

68,068

79,853

76,728

76,536

84,483

Property, plant and equipment, net

6,716

6,769

6,575

6,173

6,124

5,518

5,374

5,432

5,632

5,873

5,812

6,079

6,386

6,288

6,258

4,383

2,223

2,251

1,447

1,569

1,459

1,165

802

699

659

718

642

623

617

583

637

584

624

608

5,158

5,158

5,274

Right-of-use assets from operating leases

18,778

20,469

18,349

20,310

21,193

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

3,977

3,977

3,977

3,977

3,977

3,977

3,977

3,977

3,977

3,977

3,977

3,977

3,977

3,977

3,513

-

-

693

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

11,464

12,381

14,539

-

-

5,649

-

-

-

-

-

-

-

-

10,236

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

-

-

-

15,831

16,530

-

5,933

6,217

6,501

6,785

7,174

7,447

8,150

8,767

-

-

-

3

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets

2,364

1,622

1,691

2,175

2,685

2,752

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets

-

-

-

-

-

-

-

-

-

2,954

-

-

-

0

2,114

-

-

1,058

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-current deferred taxes

-

-

-

-

-

-

2,895

2,925

3,152

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term restricted cash

-

-

501

572

611

936

847

1,136

1,407

1,512

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

58

58

58

58

58

Other assets

5,053

6,243

2,784

4,345

3,883

2,424

1,400

4,751

5,034

4,717

1,536

1,797

2,272

1,842

1,778

249

249

4,811

250

255

255

255

255

255

255

254

251

185

195

208

214

214

213

213

154

172

296

Total assets

229,374

246,147

268,233

279,928

229,326

190,007

195,199

196,916

184,804

159,127

147,158

152,059

152,241

145,447

154,552

56,482

54,249

83,226

59,358

62,291

64,904

65,712

69,621

71,759

67,203

71,817

68,140

63,392

60,284

61,724

65,229

69,436

68,963

80,732

82,098

81,924

90,111

Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable - trade

35,634

38,427

43,320

42,394

37,199

36,865

52,943

49,414

-

31,441

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term debts, related parties

-

-

-

-

-

-

3,148

5,795

2,806

-

210

8,939

5,422

7,107

-

-

-

133

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,859

13,487

10,226

-

12,249

9,461

11,490

11,719

13,382

12,512

8,340

12,689

11,545

7,904

5,025

7,229

11,663

12,037

9,284

11,797

12,143

10,038

11,864

Short-term debt

-

-

-

-

-

-

-

-

33,556

-

-

-

-

17,599

20,141

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term debt, others

-

-

-

-

-

-

-

-

-

-

18,382

16,686

24,704

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term debt, related parties

-

-

-

-

-

-

-

-

-

-

3,544

5,310

1,800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,000

2,000

21,848

5,075

10,000

10,000

10,000

10,000

10,000

10,000

10,000

10,000

10,000

10,000

10,000

10,000

10,000

10,000

15,000

10,000

10,000

10,000

Other payables

1,966

3,278

1,652

2,454

1,905

1,792

1,769

1,426

2,310

2,032

1,691

1,438

1,159

2,040

-

-

-

1,352

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other payables, related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,096

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acounts payable, others

-

-

-

-

-

-

-

-

40,682

-

35,224

32,610

30,959

29,428

1,603

-

-

14,936

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable, related parties

-

-

96

98

592

1,743

1,302

1,385

1,639

1,351

106

442

0

1,683

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term debt - bank and trade facilities

12,323

17,484

34,606

28,867

25,081

31,762

34,171

39,874

-

19,790

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other payables, related parties

-

-

2,711

1,586

2,119

1,281

1,859

1,449

-

1,956

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract liabilities - current

3,305

3,567

3,609

3,365

3,563

8,511

2,394

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities - current

4,005

4,201

3,496

3,892

4,261

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue - current

-

-

-

-

-

-

-

2,600

2,163

3,279

2,073

2,845

2,267

1,901

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued and other liabilities

10,203

12,844

10,389

10,347

13,056

11,517

10,315

9,431

9,207

11,174

10,108

9,270

9,977

7,996

10,562

6,272

6,070

2,982

7,014

7,055

7,586

7,669

8,021

8,352

8,103

8,865

8,650

9,019

9,707

8,836

8,363

8,772

9,051

10,029

11,687

11,790

13,217

Total current liabilities

67,436

79,801

99,879

93,003

87,776

93,471

107,901

111,374

92,363

71,023

71,338

77,540

76,288

67,754

66,261

21,759

18,296

41,251

24,338

26,516

29,076

29,388

31,403

30,864

26,443

31,554

30,195

26,923

24,732

26,065

30,026

30,809

28,335

36,826

33,830

31,828

35,081

Long-term debt, bank and trade facilities

-

9,937

10,407

20,866

21,201

-

-

-

-

2,987

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, related parties

27,348

9,096

9,049

-

-

14,142

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, others

-

-

-

-

-

-

0

0

0

-

-

-

-

0

233

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, related parties

-

-

-

9,097

9,118

-

5,000

6,800

12,895

6,800

5,000

5,000

5,000

6,800

6,800

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract liabilities - non-current

3,152

3,230

2,597

2,467

1,875

1,801

1,851

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liabilities

-

-

1,021

1,064

1,041

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities - non-current

16,667

18,154

15,957

17,542

18,103

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pension liabilities

15,768

17,671

13,269

13,625

12,394

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue - non-current

-

-

-

-

-

-

-

1,773

1,870

1,883

1,875

1,947

1,877

1,674

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

1,714

1,710

1,658

1,715

1,721

2,739

2,677

2,699

2,665

2,667

2,581

2,534

2,560

2,351

3,681

2,992

2,698

510

1,783

1,846

1,908

1,981

2,064

2,396

2,750

2,704

2,688

3,011

3,339

3,719

4,018

4,085

4,282

4,379

4,373

4,436

5,615

Total liabilities

132,085

139,599

153,837

159,379

153,229

112,153

117,429

122,646

109,793

85,360

80,794

87,021

85,725

78,579

76,975

24,751

20,994

41,761

26,121

28,362

30,984

31,369

33,467

33,260

29,193

34,258

32,883

29,934

28,071

29,784

34,044

34,894

32,617

41,205

38,203

36,264

40,696

Commitments and contingencies (Note 15)

-

-

-

-

-

-

0

0

-

-

0

0

0

0

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stockholders’ equity and non-controlling interest
Stockholders’ equity:
Common stock, authorized 36,000 shares, 21,513 and 21,419 shares outstanding as of March 31, 2020 and December 31, 2019, respectively, at $0.001 par value

21

21

21

21

16

16

16

16

16

16

16

16

16

16

16

34

34

9

33

33

33

32

32

32

32

32

31

31

31

31

31

31

31

31

31

31

30

Additional paid-in capital

141,191

139,700

138,860

137,805

94,017

93,192

92,408

91,126

90,672

90,198

89,873

89,650

89,430

89,174

88,966

1,080,122

1,080,024

47,680

1,076,830

1,075,933

1,075,576

1,075,309

1,074,953

1,074,577

1,074,463

1,074,294

1,073,387

1,073,154

1,072,887

1,072,839

1,072,786

1,071,937

1,071,619

1,071,390

1,071,113

1,070,100

1,069,513

Accumulated other comprehensive loss

-5,918

-3,939

-5,445

-3,064

-1,316

-192

5

-399

2,128

1,871

-1,052

-770

55

-2,815

905

-372

-391

-1,765

-243

-106

-124

-35

35

51

45

65

103

133

211

216

213

221

241

237

240

270

277

Accumulated deficit

-38,005

-29,234

-19,040

-15,007

-17,415

-15,777

-15,190

-16,988

-18,403

-18,852

-23,080

-24,479

-23,670

-19,923

-12,774

-1,048,053

-1,046,412

-4,597

-1,043,383

-1,041,931

-1,041,565

-1,040,963

-1,038,866

-1,036,161

-1,036,530

-1,036,832

-1,038,264

-1,039,860

-1,040,916

-1,041,146

-1,041,845

-1,037,647

-1,035,545

-1,032,131

-1,027,489

-1,024,741

-1,020,405

Total stockholders’ equity

97,289

106,548

114,396

119,755

75,302

77,239

77,239

73,755

74,413

73,233

65,757

64,417

65,831

66,452

77,577

31,731

33,255

41,327

33,237

33,929

33,920

34,343

36,154

38,499

38,010

37,559

35,257

33,458

32,213

31,940

31,185

34,542

36,346

39,527

43,895

45,660

49,415

Non-controlling interest

-

-

-

794

795

615

531

515

598

534

607

621

685

416

464

-

-

138

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total stockholders' equity and non-controlling interest

-

-

114,396

120,549

76,097

77,854

77,770

74,270

75,011

73,767

66,364

65,038

66,516

66,868

-

-

-

41,465

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and stockholders’ equity

229,374

246,147

268,233

279,928

229,326

190,007

195,199

196,916

184,804

159,127

147,158

152,059

152,241

145,447

154,552

56,482

54,249

83,226

59,358

62,291

64,904

65,712

69,621

71,759

67,203

71,817

68,140

63,392

60,284

61,724

65,229

69,436

68,963

80,732

82,098

81,924

90,111