Extreme networks, inc. (EXTR)
Balance Sheet / TTM
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'11
ASSETS
Current assets:
Cash

196,350

140,414

131,369

169,607

156,813

140,643

140,167

121,139

103,177

127,108

153,014

130,450

117,280

103,786

102,265

94,122

88,334

85,865

82,025

76,225

74,067

88,972

74,067

73,190

71,355

68,304

103,008

95,803

77,592

89,766

96,712

54,596

53,323

49,419

44,214

49,972

Short term investments

-

-

29,705

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,506

20,321

30,395

32,692

34,700

43,713

96,427

43,034

42,336

35,204

40,827

23,358

22,349

34,250

31,933

41,357

Accounts receivable, net of allowance for doubtful accounts of $1,686 and $1,054, respectively

96,212

159,790

152,277

174,414

141,455

144,909

164,683

212,423

188,408

154,906

116,500

93,115

101,960

117,819

68,246

81,419

62,670

73,110

60,330

92,737

78,727

93,519

99,980

124,664

94,187

94,337

39,297

47,642

43,612

42,583

34,706

41,166

45,739

39,025

28,638

33,689

Inventories

66,214

79,664

82,394

63,589

57,645

58,297

55,580

63,867

77,756

83,377

58,100

47,410

47,689

47,394

43,395

40,989

52,755

56,601

61,679

58,014

66,811

54,431

55,341

57,109

63,142

62,935

30,389

16,167

15,658

17,866

22,754

26,609

23,269

21,392

23,014

21,583

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

577

705

696

760

797

911

1,069

1,058

846

863

408

386

288

281

494

644

734

711

674

681

Prepaid expenses and other current assets

36,737

37,744

38,963

34,379

34,684

39,088

35,371

30,484

26,659

24,772

18,237

27,867

25,343

14,806

11,507

12,438

9,710

9,925

10,510

10,258

10,069

11,929

13,486

14,143

16,552

15,273

11,712

5,749

5,690

5,407

5,778

5,655

5,167

4,611

6,345

10,132

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

17,081

17,081

17,057

-

0

Total current assets

395,513

417,612

434,708

441,989

390,597

382,937

395,801

427,913

396,000

390,163

345,851

298,842

292,272

283,805

225,413

228,968

214,046

226,206

215,240

237,994

231,977

270,083

274,338

302,856

280,782

285,425

281,241

208,781

185,176

191,107

201,271

169,109

167,662

166,465

134,818

157,414

Property and equipment, net

62,961

67,938

70,613

73,554

73,057

74,499

76,224

78,519

86,487

68,565

38,627

30,240

30,409

30,599

30,058

29,580

30,439

32,948

35,594

39,862

42,399

43,568

46,258

46,554

47,209

49,416

25,807

23,644

11,220

9,510

9,214

25,180

25,235

24,660

41,825

41,877

Operating lease right-of-use assets, net

53,015

57,194

62,576

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

66,776

69,171

71,208

65,065

75,561

71,577

62,771

64,548

55,648

Intangible assets, net

77,152

86,740

96,087

51,112

57,362

63,544

70,023

77,092

85,406

92,925

67,328

25,337

27,766

29,854

11,707

19,762

27,425

35,138

43,241

52,132

61,096

69,880

78,710

87,459

97,205

109,146

3,957

4,243

4,273

4,639

5,003

5,106

4,291

4,179

4,388

4,906

Goodwill

331,084

330,184

332,841

138,577

138,577

137,799

139,082

139,082

129,244

130,988

118,554

80,216

82,680

80,713

70,877

70,877

70,877

70,877

70,877

70,877

70,877

70,877

70,877

70,877

64,537

57,922

-

0

-

-

-

-

-

-

-

-

Other assets

53,727

54,985

54,967

51,642

51,917

53,170

50,754

47,642

43,348

44,267

27,524

25,065

23,454

25,026

25,054

25,236

26,204

27,618

28,535

27,795

25,029

20,903

18,867

18,686

18,061

15,546

7,965

7,980

8,593

8,939

9,360

9,634

9,801

10,171

10,711

11,128

Total assets

973,452

1,014,653

1,051,792

756,874

711,510

711,949

731,884

770,248

740,485

726,908

597,884

459,700

456,581

449,997

363,109

374,423

368,991

392,787

393,487

428,660

431,378

475,311

489,050

526,432

507,794

517,455

318,970

311,424

278,433

285,403

289,913

284,590

278,566

268,246

256,290

270,973

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt, net of unamortized debt issuance costs of $2,181 and $489, respectively

16,819

16,814

16,523

9,011

9,009

9,009

9,008

9,007

24,720

22,426

17,863

12,280

11,149

10,020

19,269

17,628

16,250

14,625

13,000

11,375

9,750

8,125

30,500

29,688

28,875

4,063

-

0

-

-

-

-

-

-

-

-

Accounts payable

52,981

65,995

63,519

65,704

49,143

34,977

43,873

75,689

90,800

73,553

50,567

31,587

35,629

26,841

28,332

30,711

21,127

25,536

29,933

40,135

46,378

45,503

29,994

37,308

36,138

54,422

28,451

27,163

10,336

11,341

11,820

19,437

19,455

16,347

12,181

15,092

Accrued compensation and benefits

34,745

55,718

48,477

51,625

32,849

46,500

36,387

50,351

40,591

49,104

38,810

42,662

28,170

28,188

19,827

27,145

22,920

28,995

21,375

25,195

20,502

22,476

21,712

26,677

25,483

26,557

12,957

13,503

10,882

11,168

11,564

13,409

11,451

13,022

11,219

13,723

Restructuring liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75

186

-

537

709

572

1,466

1,774

5,032

347

463

655

710

1,753

3,183

Accrued warranty

15,222

16,209

15,988

14,779

13,206

12,808

12,601

12,807

12,812

13,010

13,499

10,584

10,030

10,228

8,620

9,600

10,280

10,415

9,244

8,676

7,879

7,845

7,889

7,551

7,825

4,618

3,440

3,296

2,896

2,971

2,971

2,871

2,841

2,651

2,702

2,640

Current portion of operating lease liabilities

18,197

17,921

17,767

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of deferred revenue

174,900

180,935

182,149

144,230

136,452

138,239

137,991

130,865

117,741

113,664

90,705

79,048

78,918

81,404

70,697

72,934

76,712

75,548

73,712

76,551

73,206

74,353

72,599

74,735

71,183

71,435

32,080

33,184

32,400

29,441

30,007

31,769

32,134

31,308

28,633

29,613

Deferred distributors revenue, net of cost of sales to distributors

-

-

-

-

-

-

-

-

-

-

-

-

44,258

41,333

30,229

26,817

23,933

31,677

33,976

40,875

35,687

31,172

26,060

31,992

24,217

22,184

18,600

17,388

13,532

15,404

15,752

15,319

17,968

14,491

11,998

16,552

Other accrued liabilities

61,665

69,365

67,028

70,680

62,088

70,035

82,180

81,153

77,042

74,517

52,335

37,044

37,062

39,885

27,382

26,691

30,182

29,968

27,379

32,623

29,820

36,030

35,768

38,357

26,326

25,701

15,114

16,502

12,784

12,768

12,432

13,480

12,295

12,276

13,726

19,050

Total current liabilities

374,529

422,957

411,451

356,029

302,747

311,568

322,040

359,872

363,706

346,274

263,779

213,205

245,216

237,899

204,356

211,526

201,404

216,764

208,619

235,430

223,222

225,579

224,708

246,308

220,584

209,689

111,214

112,502

84,604

88,125

84,893

96,748

96,799

90,805

82,212

99,853

Restructuring liabilities, less current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Deferred revenue, less current portion

96,799

96,902

91,508

59,012

51,269

47,854

45,874

43,660

38,828

38,693

28,500

25,293

23,856

24,519

21,540

21,926

22,227

21,505

21,945

23,231

23,141

23,940

21,968

22,942

19,667

18,335

8,156

8,270

8,007

8,133

7,284

7,559

7,629

7,563

7,554

7,360

Long-term debt, less current portion, net of unamortized debt issuance costs of $6,796 and $1,261, respectively

399,704

348,916

353,406

169,739

171,993

174,246

176,498

188,749

153,958

160,712

149,729

80,422

83,775

87,127

32,621

37,446

42,500

47,375

52,250

55,500

58,750

81,000

90,250

91,875

93,500

95,125

-

0

-

-

-

-

-

-

-

-

Operating lease liabilities, less current portion

53,855

58,598

61,539

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

2,233

2,114

2,120

1,957

1,844

1,699

6,234

6,135

5,628

5,163

7,204

6,576

6,140

5,615

5,129

4,693

3,941

3,471

3,224

2,979

2,572

-

-

1,264

-

-

-

-

-

-

-

-

130

124

118

93

Other long-term liabilities

29,932

34,239

37,919

54,150

57,689

60,711

64,107

59,100

65,440

64,347

13,235

8,526

9,808

9,017

8,728

8,635

8,634

8,536

9,078

7,285

7,934

10,676

9,014

7,331

8,506

9,913

6,582

1,507

1,401

837

890

643

1,006

974

2,327

2,381

Commitments and contingencies (Note 10)

-

-

-

-

-

-

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

Stockholders’ equity:
Convertible preferred stock, $.001 par value, issuable in series, 2,000 shares authorized; none 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

Common stock, $.001 par value, 750,000 shares authorized; 126,736 and 121,538 shares issued, respectively; 120,139 and 119,172 shares outstanding, respectively

127

125

124

122

121

119

118

116

116

114

113

111

110

108

107

105

105

103

101

100

100

99

98

97

96

94

94

94

93

94

95

134

133

133

132

132

Additional paid-in-capital

1,024,836

1,008,176

1,003,268

986,772

979,775

962,924

956,356

942,397

935,726

921,716

913,998

909,155

903,209

896,390

891,595

884,706

881,857

876,225

871,807

865,282

861,653

856,549

851,817

845,267

837,499

831,167

824,705

821,331

818,562

820,023

824,129

970,609

968,771

967,438

966,080

963,565

Accumulated other comprehensive loss

-6,388

-2,485

-3,371

-2,473

-2,549

-2,725

-2,697

-1,703

-471

-1,278

-1,764

-2,302

-3,099

-3,848

-2,748

-2,874

-2,277

-2,576

-2,155

-1,291

-1,798

-1,884

-1,262

-439

-76

57

-843

-1,377

-147

58

283

-861

2,150

1,634

2,398

3,703

Accumulated deficit

-959,062

-914,710

-891,172

-853,434

-836,379

-829,447

-836,646

-828,078

-822,446

-808,833

-776,910

-781,286

-812,434

-806,830

-798,219

-791,740

-789,400

-778,616

-771,382

-759,856

-744,196

-720,648

-707,543

-688,213

-671,982

-646,925

-630,938

-630,903

-634,087

-631,867

-627,661

-640,576

-648,386

-650,759

-654,865

-656,448

Treasury stock at cost: 6,597 and 2,366 shares, respectively

43,113

40,179

15,000

15,000

15,000

15,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

149,666

149,666

149,666

149,666

149,666

Total stockholders’ equity

16,400

50,927

93,849

115,987

125,968

115,871

117,131

112,732

112,925

111,719

135,437

125,678

87,786

85,820

90,735

90,197

90,285

95,136

98,371

104,235

115,759

134,116

143,110

156,712

165,537

184,393

193,018

189,145

184,421

188,308

196,846

179,640

173,002

168,780

164,079

161,286

Total liabilities and stockholders’ equity

973,452

1,014,653

1,051,792

756,874

711,510

711,949

731,884

770,248

740,485

726,908

597,884

459,700

456,581

449,997

363,109

374,423

368,991

392,787

393,487

428,660

431,378

475,311

489,050

526,432

507,794

517,455

318,970

311,424

278,433

285,403

289,913

284,590

278,566

268,246

256,290

270,973