Fox Factory Holding Corp. FOXF Balance Sheet

Fox factory holding corp. (FOXF)

Balance Sheet / Quarterly

Apr'20	Jan'20	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	Dec'12
Assets
Current assets:
Cash and cash equivalents
76,182	43,736	31,979	39,021	38,288	27,958	32,832	22,686	22,233	35,947	36,763	43,345	42,991	35,280	15,693	10,124	9,264	6,944	5,100	6,188	7,204	4,212	1,937	1,856	2,002	1,683	3,496	184	15
Accounts receivable (net of allowances of $1,205 and $810 at April 3, 2020 and January 3, 2020, respectively)
85,652	91,632	106,798	95,738	83,576	78,882	84,867	77,878	56,816	61,060	69,262	63,050	50,393	61,617	58,615	56,687	33,874	43,660	57,137	51,676	31,442	39,221	40,610	39,344	30,737	33,781	39,246	40,379	25,224
Inventory
156,553	128,505	131,228	136,005	124,069	107,140	104,831	95,374	91,256	84,841	91,962	89,450	79,489	71,243	78,115	80,935	74,988	68,202	78,292	78,808	70,571	59,191	54,946	63,100	58,387	42,783	46,393	51,015	34,255
Prepaids and other current assets
75,799	17,940	29,604	18,742	25,250	17,967	20,661	16,530	24,114	18,055	15,611	12,113	16,706	14,772	18,414	15,596	14,586	13,135	11,383	10,304	7,151	6,257	4,753	4,538	4,585	2,648	2,506	4,517	2,242
Total current assets
394,186	281,813	299,609	289,506	271,183	231,947	243,191	212,468	194,419	199,903	213,598	207,958	189,579	182,912	170,837	163,342	132,712	131,941	160,150	154,320	120,853	108,881	106,758	112,514	99,254	84,385	94,991	99,717	65,141
Property, plant and equipment, net
127,633	108,379	102,557	95,097	84,984	64,788	57,471	48,393	45,746	43,636	37,515	34,853	33,498	32,262	31,022	30,495	29,319	26,094	24,644	22,436	20,486	19,759	19,166	18,646	18,135	13,418	12,540	12,475	11,789
Lease right-of-use assets
20,632	17,472	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax assets
15,161	25,725	20,837	16,083	14,500	15,328	8,674	8,638	6,243	2,669	11,232	10,930	6,499	4,082	5,483	7,069	2,545	1,065	8,238	7,344	4,485	4,298	4,512	3,676	3,543	3,490	3,350	3,622	3,405
Loan fees, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	860	906	955	717	755	1,440	1,665
Goodwill
285,723	93,527	93,515	91,661	88,838	88,850	88,659	88,406	88,442	88,438	57,878	57,828	57,789	57,781	57,749	57,663	57,678	57,653	57,705	59,181	59,153	58,745	44,007	43,887	45,295	31,925	31,372	31,372	31,372
Intangibles, net
219,906	81,949	83,575	86,924	82,480	83,974	85,474	86,974	88,480	90,044	55,839	56,531	57,216	57,855	58,737	59,449	60,146	60,849	62,033	61,425	63,297	65,184	57,800	59,509	59,191	27,284	28,130	29,471	32,153
Other assets
5,458	451	476	502	327	367	405	445	484	551	590	629	669	708	747	759	0	114	1,063	1,231	1,398	1,570	702	824	945	0	-	-	-
Total assets
1,068,699	609,316	600,569	579,773	542,312	485,254	483,874	445,324	423,814	425,241	376,652	368,729	345,250	335,600	324,575	318,777	282,400	277,716	305,595	298,593	265,187	258,437	229,293	236,286	223,775	157,729	167,788	174,475	142,120
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable
88,613	55,144	64,853	70,602	75,593	55,086	75,802	58,315	46,962	40,813	47,326	51,084	40,696	36,240	41,027	49,626	40,449	32,072	49,374	44,267	40,749	30,371	24,826	30,484	26,740	24,254	22,429	35,167	19,551
Accrued expenses
40,285	35,744	36,559	34,302	31,519	33,607	32,955	32,363	25,546	29,563	27,306	29,926	24,799	34,435	22,703	20,503	12,801	23,234	22,444	20,055	11,075	12,128	11,962	10,423	9,453	12,451	12,052	10,165	10,156
Reserve for uncertain tax positions
957	925	1,187	1,120	1,065	1,169	1,540	1,491	1,427	7,787	6,872	8,069	7,550	7,204	7,442	8,235	8,528	8,924	8,208	9,287	7,809	7,785	7,582	7,684	7,825	7,796	7,320	8,252	7,292
Current portion of long-term debt
8,818	0	0	0	5,519	6,923	5,514	5,512	5,509	5,038	4,567	4,097	3,626	3,625	3,623	3,621	3,142	2,790	2,837	2,837	2,837	2,837	2,500	2,500	2,500	0	-	3,000	3,000
Current portion of contingent consideration
-	-	-	-	-	-	-	-	-	-	0	0	5,382	5,532	6,000	6,600	6,889	6,950	6,950	7,150	7,854	7,704	7,212	-	-	0	-	-	-
Total current liabilities
138,673	91,813	102,599	106,024	113,696	96,785	115,811	97,681	79,444	83,201	86,071	93,176	82,053	87,036	80,795	88,585	71,809	73,970	89,813	83,596	70,324	60,825	54,082	51,091	46,518	44,501	41,801	56,584	39,999
Line of credit
85,000	68,000	73,000	77,553	13,000	0	0	5,110	17,020	35,585	-	-	-	0	0	0	11,500	1,500	12,000	20,000	-	0	0	0	0	8,000	24,500	23,758	750
Long-term debt, less current portion
385,404	0	0	0	51,123	52,503	53,883	55,263	56,642	58,020	59,397	60,774	62,151	63,058	68,965	69,871	42,580	43,591	45,035	45,744	46,453	47,163	28,250	42,875	47,500	0	-	38,742	55,500
Other liabilities
13,709	11,584	12,639	11,994	10,491	479	514	552	603	645	614	485	541	569	597	644	686	695	710	726	673	681	752	801	866	931	1,010	1,045	1,132
Deferred tax liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,152	7,152	7,153	7,414	9,705	10,327	11,579	12,005	13,890	14,342	15,155
Contingent consideration, less current portion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	6,000	5,700	6,300	6,300	13,450	13,548	11,686	19,035	19,035	0	-	-	-
Total liabilities
622,786	171,397	188,238	195,571	188,310	149,767	170,208	158,606	153,709	177,451	146,082	154,435	144,745	150,663	150,357	159,100	132,575	125,456	161,010	163,518	138,053	129,631	104,475	124,129	125,498	65,437	81,201	134,471	112,536
Commitments and contingencies (Refer to Note 9 - Commitments and Contingencies)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Redeemable non-controlling interest
16,207	15,719	15,711	15,022	14,581	14,282	14,852	14,188	14,192	12,955	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stockholders’ equity
Preferred stock, $0.001 par value — 10,000 authorized and no shares issued or outstanding as of April 3, 2020 and January 3, 2020
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, $0.001 par value — 90,000 authorized; 39,493 shares issued and 38,603 outstanding as of April 3, 2020; 39,448 shares issued and 38,559 outstanding as of January 3, 2020
39	39	38	38	38	38	38	38	38	38	38	37	37	37	37	37	37	37	37	37	37	37	37	36	36	36	36	33	33
Additional paid-in capital
123,470	123,274	121,348	123,043	116,519	116,019	113,599	112,028	112,453	112,793	111,794	111,936	111,837	108,049	106,298	105,254	104,276	102,860	95,478	95,804	94,630	97,577	95,629	93,122	90,826	87,788	86,963	50,297	49,169
Treasury stock, at cost; 890 common shares as of April 3, 2020 and January 3, 2020
13,754	13,754	13,754	13,754	13,754	13,754	13,754	13,754	13,754	13,754	13,754	13,754	13,754	13,754	13,754	13,754	13,754	5,807	-	-	-	571	-	-	-	-	-	-	-
Accumulated other comprehensive (loss) income
-790	150	-981	-629	-943	-784	-620	-1,021	307	-168	-632	-977	-941	-2,193	-1,348	-1,161	-1,119	-1,953	-1,223	-468	-472	-406	-144	-6	-9	-15	12	22	1
Retained earnings
320,741	312,491	289,969	260,482	237,561	219,686	199,551	175,239	156,869	135,926	133,124	117,052	103,326	92,798	82,985	69,301	60,385	57,123	50,293	39,702	32,939	32,169	29,296	19,005	7,424	4,483	-424	-10,348	-19,619
Total stockholders’ equity
429,706	422,200	396,620	369,180	339,421	321,205	298,814	272,530	255,913	234,835	230,570	214,294	200,505	184,937	174,218	159,677	149,825	152,260	144,585	135,075	127,134	128,806	124,818	112,157	98,277	92,292	86,587	40,004	29,584
Total liabilities, redeemable non-controlling interest and stockholders’ equity
1,068,699	609,316	600,569	579,773	542,312	485,254	483,874	445,324	423,814	425,241	376,652	368,729	345,250	335,600	324,575	318,777	282,400	277,716	305,595	298,593	265,187	258,437	229,293	236,286	223,775	157,729	167,788	174,475	142,120