Faro technologies, inc (FARO)
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'11Mar'11Dec'10
ASSETS
Current assets:
Cash and cash equivalents

157,240

133,634

119,083

120,604

110,696

108,783

115,098

133,554

138,826

140,960

129,841

117,594

105,858

106,169

121,349

133,541

120,278

107,356

95,975

90,576

96,066

109,289

116,910

129,835

122,716

124,630

116,905

111,308

104,598

93,233

80,505

74,748

73,588

64,540

54,345

57,339

53,282

50,722

Short-term investments

15,955

24,870

24,868

24,819

24,831

24,793

19,871

10,998

10,957

10,997

10,970

21,970

42,912

42,942

31,957

42,975

42,952

42,994

64,984

64,993

64,993

64,995

64,996

64,996

64,994

64,994

64,995

64,993

64,991

64,990

64,989

64,989

64,993

64,997

64,995

64,992

64,987

64,986

Accounts receivable, net

58,834

76,162

64,708

74,430

76,237

88,927

75,361

71,641

71,631

72,105

60,449

58,805

60,633

61,364

57,431

56,825

60,122

69,918

63,811

70,002

62,339

83,959

68,939

65,979

64,739

66,309

52,939

51,717

53,721

62,559

51,014

53,246

48,731

57,512

50,670

46,951

47,533

51,862

Inventories, net

55,044

58,554

69,779

71,970

74,586

65,444

62,471

60,349

58,376

53,786

59,044

57,866

52,537

51,886

55,206

51,809

48,614

45,571

55,110

68,901

66,652

43,094

56,482

53,302

50,238

48,940

48,973

47,781

50,024

48,894

53,348

54,057

56,342

49,934

49,299

44,742

36,932

28,242

Deferred income tax assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,619

7,547

7,754

7,792

5,508

5,510

5,860

5,936

5,883

5,930

5,082

4,601

6,207

5,925

6,025

7,216

6,090

6,190

5,295

5,297

4,349

4,471

4,161

4,455

Prepaid expenses and other current assets

21,237

28,996

28,084

26,437

24,210

28,795

22,024

21,086

19,119

16,311

20,919

22,989

17,829

16,304

20,426

16,592

19,573

18,527

21,997

18,818

17,809

16,079

15,901

14,945

15,183

14,645

14,614

11,823

13,106

11,186

10,383

10,617

11,426

9,207

10,713

10,621

8,821

8,045

Total current assets

308,310

322,216

306,522

318,260

310,560

316,742

294,825

297,628

298,909

294,159

281,223

279,224

279,769

278,665

294,988

309,289

299,293

292,158

307,385

318,800

313,719

323,352

329,111

334,987

322,952

324,119

304,633

293,547

292,465

288,078

266,329

263,847

260,375

251,487

234,371

229,116

215,716

208,312

Non-current assets:
Machinery and equipment

-

-

82,578

82,909

80,586

-

73,748

70,332

69,355

66,514

66,049

62,937

58,566

57,063

57,197

55,702

55,982

54,124

50,493

45,997

46,067

45,254

41,115

39,587

38,079

36,924

34,519

33,296

32,196

32,236

31,427

30,587

30,248

29,171

28,217

27,713

26,267

24,840

Furniture and fixtures

-

-

6,172

6,245

6,141

-

6,817

6,650

6,853

6,945

6,863

7,156

6,868

6,099

6,291

6,164

6,188

5,945

5,921

5,946

5,984

6,156

6,928

7,159

7,072

6,888

6,748

6,443

6,366

6,516

6,406

6,197

6,066

5,963

6,005

6,213

6,121

5,700

Leasehold improvements

-

-

21,066

20,636

20,311

-

20,049

20,039

20,230

19,872

19,588

19,400

19,099

18,778

18,942

19,271

19,182

18,471

19,537

19,537

19,658

19,676

15,482

12,709

12,307

11,765

11,211

10,884

10,812

10,897

10,780

10,728

10,343

10,233

10,151

10,412

9,977

9,682

Property and equipment at cost

-

-

109,816

109,790

107,038

-

100,614

97,021

96,438

93,331

92,500

89,493

84,533

81,940

82,430

81,137

81,352

78,540

75,951

71,480

71,709

71,086

63,525

59,455

57,458

55,577

52,478

50,623

49,374

49,649

48,613

47,512

46,657

45,367

44,373

44,338

42,365

40,222

Less: accumulated depreciation and amortization

-

-

81,411

79,664

76,188

-

69,919

66,321

64,907

61,452

60,189

57,138

53,108

50,262

49,671

47,745

45,714

42,594

42,215

40,241

41,608

41,741

41,756

41,571

40,516

39,126

38,143

36,326

34,913

34,305

32,776

31,373

30,677

29,134

28,298

28,034

26,631

24,982

Plant and equipment, net

24,515

26,954

28,405

30,126

30,850

30,417

30,695

30,700

31,531

31,879

32,311

32,355

31,425

31,678

32,759

33,392

35,638

35,946

33,736

31,239

30,101

29,345

21,769

17,884

16,942

16,451

14,335

14,297

14,461

15,344

15,837

16,139

15,980

16,233

16,075

16,304

15,734

15,240

Operating lease right-of-use asset

16,534

18,418

18,672

18,068

18,876

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

48,661

49,704

69,712

71,210

71,097

67,274

66,201

53,584

54,511

52,750

52,567

51,417

47,433

46,744

41,721

26,963

27,365

26,371

26,600

26,885

25,761

19,205

19,579

19,241

19,336

19,358

19,125

18,656

18,485

18,816

18,517

18,339

18,962

18,610

18,998

20,044

19,781

19,015

Intangible assets, net

13,820

14,471

27,530

28,659

29,507

33,054

36,030

23,842

25,399

22,540

22,983

23,313

21,386

22,279

21,967

15,573

16,030

15,985

16,171

16,399

16,933

9,109

8,834

8,466

8,273

8,112

7,972

7,252

7,186

7,048

6,727

6,670

6,790

6,849

6,978

7,233

7,363

7,204

Service and sales demonstration inventory, net

34,355

33,349

39,509

39,416

38,351

39,563

35,288

38,346

41,703

39,614

35,250

35,259

31,935

29,136

33,661

33,097

34,849

33,709

32,666

-

-

36,886

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax assets, net

21,036

18,766

14,693

14,732

14,696

14,719

15,685

15,691

15,738

15,606

14,498

14,442

14,478

14,307

4,535

4,087

4,124

4,050

6,498

6,489

6,453

6,624

8,845

4,401

4,415

4,423

2,452

2,370

2,345

2,396

2,270

2,240

2,349

2,296

2,520

2,680

2,640

2,522

Service inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,014

21,494

-

21,589

21,906

20,345

19,033

18,137

17,784

18,316

19,125

19,535

18,160

18,477

17,316

15,683

14,255

13,795

13,726

Other long-term assets

2,818

2,964

2,987

2,983

4,416

4,475

4,689

4,678

2,861

2,030

1,049

1,058

750

905

971

947

955

967

-

-

-

942

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

470,049

486,842

508,030

523,454

518,353

506,244

483,413

464,469

470,652

458,578

439,881

437,068

427,176

423,714

430,602

423,348

418,254

409,186

423,056

421,826

414,461

425,463

409,727

406,885

392,263

391,496

366,654

353,906

353,258

350,807

329,215

325,395

322,933

312,791

294,625

289,632

275,029

266,019

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable

11,396

13,718

11,705

16,177

14,351

20,093

16,401

11,764

11,145

11,569

11,964

12,651

11,953

11,126

11,507

10,848

10,171

11,345

12,473

9,302

11,196

15,437

9,853

13,866

10,381

14,881

8,902

7,386

9,460

10,413

7,995

9,295

10,745

13,396

11,647

11,059

10,199

12,025

Accrued liabilities

44,360

38,072

35,255

37,865

31,389

36,327

29,186

24,950

24,367

27,362

22,507

25,619

21,920

24,572

24,325

21,737

18,845

22,574

21,230

19,226

19,771

26,127

23,434

20,382

18,533

20,141

18,786

16,443

18,260

18,216

16,242

15,674

16,753

18,076

16,633

17,174

15,113

15,208

Income taxes payable

3,826

5,182

1,081

2,386

3,747

5,081

908

1,672

2,104

4,676

0

0

0

618

-

452

576

0

-

403

-

-

418

33

31

1,690

324

1,088

2,379

4,886

1,611

2,448

746

2,682

391

266

93

1,138

Current portion of unearned service revenues

-

-

-

-

-

32,878

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits

-

-

-

-

-

3,144

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liability

5,947

6,674

6,615

6,494

6,446

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of obligations under capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

8

6

-

4

15

28

45

18

38

57

84

25

47

67

91

Total current liabilities

106,205

105,965

92,348

100,705

92,969

97,523

79,550

71,509

71,048

75,885

66,616

70,511

65,537

66,610

65,807

62,062

58,431

63,031

58,991

54,244

55,563

67,182

57,400

60,063

53,644

60,953

49,866

47,410

52,054

55,682

45,376

48,545

48,709

53,948

46,196

45,487

44,431

45,498

Unearned service revenues - less current portion

19,985

20,578

18,171

17,355

16,319

15,505

13,940

13,291

12,531

11,815

12,665

12,832

13,390

13,813

15,600

16,005

16,676

15,025

13,176

13,570

13,201

13,799

13,635

14,153

13,608

13,414

11,701

11,344

11,312

11,221

9,648

9,232

9,575

9,540

8,785

8,254

7,569

6,758

Lease liability - less current portion

12,745

13,698

13,922

13,483

14,363

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax liabilities

173

357

2,466

2,614

2,541

736

613

590

700

695

1,683

1,570

1,445

1,409

1,163

872

887

686

1,942

2,043

2,025

-

1,203

1,235

1,233

1,171

1,171

1,152

1,118

1,149

1,259

1,279

1,159

1,148

1,160

1,192

1,184

1,161

Income taxes payable - less current portion

13,177

13,177

12,567

11,821

12,247

12,247

14,579

14,578

15,952

15,952

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Obligations under capital leases - less current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

4

8

-

17

16

17

19

66

65

392

257

156

150

144

125

Other long-term liabilities

974

1,075

1,031

3,137

3,326

3,624

3,772

1,798

2,092

2,165

2,191

2,664

2,622

2,225

2,430

2,813

2,916

2,800

2,858

2,961

2,423

628

481

-

-

8

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

153,259

154,850

140,505

149,115

141,765

129,635

112,454

101,766

102,323

106,512

83,155

87,577

82,994

84,057

85,000

81,752

78,910

81,542

76,967

72,818

73,212

81,609

72,721

75,455

68,493

75,546

62,755

59,922

64,501

68,071

56,349

59,121

59,835

64,893

56,297

55,083

53,328

53,542

Commitments and contingencies - See Note 14

-

-

-

-

-

-

-

-

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

Shareholders’ equity:
Preferred stock - par value $0.01, 10,000,000 shares authorized; none issued

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Common Stock, Value, Issued

19

19

19

19

19

19

19

18

18

18

18

18

18

18

18

18

18

18

18

18

18

18

18

18

18

18

18

18

18

18

18

18

18

17

17

17

17

17

Additional paid-in capital

270,940

267,868

260,737

255,706

252,840

251,329

249,284

233,755

231,209

223,055

218,242

216,511

214,715

212,602

211,227

209,650

208,995

206,996

206,459

205,019

203,599

200,090

198,202

196,032

194,797

191,874

188,413

187,098

185,969

181,094

179,975

178,361

176,897

169,780

167,491

165,564

159,719

156,310

Retained earnings

98,056

112,879

162,574

168,773

175,178

175,353

170,161

172,649

171,444

168,624

179,682

178,053

181,679

183,436

179,891

178,801

175,409

172,329

163,444

164,328

160,180

159,516

148,394

137,171

130,845

125,867

117,607

112,563

108,933

104,358

96,519

92,844

88,110

81,360

71,889

65,459

61,227

57,983

Accumulated other comprehensive loss

-21,177

-17,399

-24,430

-18,784

-20,047

-18,483

-16,896

-11,985

-2,608

-7,822

-9,387

-13,262

-20,402

-24,561

-13,696

-15,035

-13,240

-19,861

-14,757

-11,282

-13,473

-6,695

-533

7,284

7,185

7,266

6,936

3,380

2,912

6,341

5,429

4,126

7,148

5,816

8,006

12,584

9,813

7,242

Treasury Stock, Value

31,048

31,375

31,375

31,375

31,402

31,609

31,609

31,734

31,734

31,809

31,829

31,829

31,828

31,838

31,838

31,838

31,838

31,838

9,075

9,075

9,075

9,075

9,075

9,075

9,075

9,075

9,075

9,075

9,075

9,075

9,075

9,075

9,075

9,075

9,075

9,075

9,075

9,075

Total shareholders’ equity

316,790

331,992

367,525

374,339

376,588

376,609

370,959

362,703

368,329

352,066

356,726

349,491

344,182

339,657

345,602

341,596

339,344

327,644

346,089

349,008

341,249

343,854

337,006

331,430

323,770

315,950

303,899

293,984

288,757

282,736

272,866

266,274

263,098

247,898

238,328

234,549

221,701

212,477

Total liabilities and shareholders’ equity

470,049

486,842

508,030

523,454

518,353

506,244

483,413

464,469

470,652

458,578

439,881

437,068

427,176

423,714

430,602

423,348

418,254

409,186

423,056

421,826

414,461

425,463

409,727

406,885

392,263

391,496

366,654

353,906

353,258

350,807

329,215

325,395

322,933

312,791

294,625

289,632

275,029

266,019

Current portion of unearned service revenues
Current portion of unearned service revenues

38,561

39,211

35,273

35,082

34,189

-

30,517

30,179

30,976

29,674

29,080

29,358

28,865

27,422

27,212

26,940

26,471

26,114

23,771

23,882

23,040

23,572

22,464

23,215

22,404

21,331

19,526

19,431

19,235

19,460

17,163

16,751

16,475

15,638

15,010

14,924

14,437

13,357

Customer deposits

38,561

39,211

35,273

35,082

34,189

-

30,517

30,179

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits
Current portion of unearned service revenues

2,115

3,108

2,419

2,701

2,847

-

2,538

2,944

-

2,604

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits

2,115

3,108

2,419

2,701

2,847

-

2,538

2,944

2,456

-

3,065

2,883

2,799

2,872

2,763

2,085

2,368

2,998

1,517

1,431

1,556

2,046

1,223

2,559

2,289

2,910

2,324

3,047

2,692

2,662

2,347

4,339

3,933

4,072

2,490

2,017

4,522

3,679