Graham corp (GHM)
Balance Sheet / TTM
Dec'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'11
Assets
Current assets:
Cash and cash equivalents

10,851

11,882

13,768

15,021

16,675

23,378

16,677

40,456

36,159

31,102

25,260

39,474

37,677

31,274

26,705

24,072

31,215

29,416

29,616

27,271

29,496

31,795

46,410

32,146

33,407

22,862

25,693

24,194

28,110

24,423

24,127

25,189

42,518

33,043

25,204

19,565

Investments

59,000

61,914

58,789

62,732

63,732

55,611

58,611

36,023

38,023

41,000

50,000

34,000

35,000

35,000

41,000

41,000

42,000

33,000

33,000

33,000

33,000

33,000

15,000

29,000

30,498

31,999

27,499

27,498

26,997

22,498

22,497

16,499

2,000

4,700

15,899

23,518

Trade accounts receivable, net of allowances ($35 and $33 at December 31 and March 31, 2019, respectively)

17,901

12,120

14,417

17,582

15,157

15,556

12,698

17,026

16,555

11,347

11,213

11,483

11,490

18,411

16,184

12,730

10,860

22,161

15,547

17,249

15,274

15,288

12,297

10,339

12,370

13,946

17,236

9,440

11,389

11,549

9,548

11,593

10,396

18,130

14,925

8,681

Unbilled revenue

14,321

13,036

9,845

7,522

7,317

10,582

11,844

8,079

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unbilled revenue

-

-

-

-

-

-

-

-

10,709

12,688

11,459

15,842

14,503

10,099

13,720

11,852

8,454

8,544

18,487

18,665

13,292

10,214

7,634

7,830

6,590

9,510

10,128

13,113

-

-

-

12,667

-

-

-

-

Inventories

-

-

-

-

-

-

-

-

8,899

8,403

7,909

9,246

9,109

7,861

7,251

10,811

11,803

10,654

11,710

13,994

14,632

-

-

16,518

-

-

-

-

-

-

-

-

-

-

-

-

Unbilled revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,655

9,758

7,655

-

12,637

14,130

12,116

14,280

Inventories

20,408

23,597

24,092

24,670

22,525

20,763

19,323

11,566

-

-

-

-

-

-

-

-

-

-

-

-

-

14,036

12,817

-

11,088

11,222

9,518

11,171

7,385

9,669

6,625

6,047

5,969

6,609

5,642

8,257

Prepaid expenses and other current assets

1,289

1,165

1,456

1,333

1,671

1,572

1,342

772

1,181

1,361

910

681

1,060

1,358

1,408

613

866

922

985

529

805

928

865

457

1,002

1,226

1,421

783

412

628

576

467

605

828

739

826

Income taxes receivable

772

840

1,260

1,073

708

1,782

993

1,478

1,288

1,190

-

-

550

1,255

1,869

1,652

2,871

2,352

-

339

-

-

-

498

1,731

2,067

1,007

2,635

3,126

3,294

3,697

4,479

513

-

-

0

Assets held for sale

-

-

-

4,850

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

262

534

-

996

-

-

668

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

876

715

-

48

87

126

69

91

37

37

37

-

-

-

-

Deferred income tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,182

2,010

1,902

2,015

Total current assets

124,542

124,554

123,627

134,783

127,785

129,244

121,488

115,400

112,814

107,091

106,751

110,726

109,389

105,258

108,137

102,730

108,069

107,311

109,879

111,047

107,495

106,137

95,738

97,456

96,734

92,919

92,628

88,903

85,165

81,856

74,762

76,978

76,820

79,450

76,427

77,142

Property, plant and equipment, net

16,906

16,761

16,836

17,071

17,365

16,476

16,722

17,052

16,098

16,453

16,646

17,021

17,384

17,813

18,298

18,747

18,975

19,125

19,361

19,812

19,884

19,704

18,559

16,449

13,798

13,239

13,100

13,288

13,101

13,136

13,296

13,453

13,361

12,757

11,860

11,705

Prepaid pension asset

4,920

4,702

4,485

4,267

5,262

4,945

4,657

4,369

3,110

2,818

2,579

2,340

-

-

-

-

2,248

1,943

1,637

1,332

6,603

6,340

6,077

5,759

2,944

2,745

2,547

2,349

2,813

2,622

2,430

2,238

7,304

7,096

6,888

6,680

Operating lease assets

283

312

271

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

-

-

-

-

1,222

1,222

1,222

1,222

1,222

6,938

6,938

6,938

6,938

6,938

6,938

6,938

6,938

6,938

6,938

6,938

6,938

6,938

6,938

6,938

6,938

6,938

6,938

6,938

6,938

6,938

6,938

6,938

6,938

6,914

7,404

6,914

Permits

-

-

-

-

1,700

1,700

1,700

1,700

1,700

10,300

10,300

10,300

10,300

10,300

10,300

10,300

10,300

10,300

10,300

10,300

10,300

10,300

10,300

10,300

10,300

10,300

10,300

10,300

10,300

10,300

10,300

10,300

10,300

10,300

10,300

10,300

Other intangible assets, net

-

-

-

-

3,253

3,298

3,343

3,388

3,433

3,978

4,023

4,068

4,113

4,158

4,203

4,248

4,293

4,338

4,383

4,428

4,473

4,518

4,563

4,608

4,653

4,698

-

4,788

-

-

-

-

-

-

-

-

Other intangible assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,743

-

4,833

4,878

4,923

4,968

5,012

5,057

5,102

5,218

Other assets

150

135

112

149

174

173

221

202

246

275

294

177

204

180

167

168

186

129

144

146

181

194

213

124

202

11

11

167

188

61

100

102

115

110

214

112

Total assets

146,801

146,464

145,331

156,270

156,761

157,058

149,353

143,333

138,623

147,853

147,531

151,570

148,328

144,647

148,043

143,131

151,009

150,084

152,642

154,003

155,874

154,131

142,388

141,634

135,569

130,850

130,267

126,733

123,338

119,791

112,749

114,977

119,850

121,684

118,195

118,071

Liabilities and stockholders’ equity
Current liabilities:
Current portion of finance lease obligations

47

-

-

51

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of capital lease obligations

-

50

51

-

52

50

69

88

105

108

107

107

55

54

54

55

55

51

57

60

55

61

70

80

81

85

86

87

88

88

86

85

84

64

64

47

Accounts payable

9,253

7,617

6,797

12,405

7,477

9,317

8,296

16,151

9,386

7,162

7,142

10,295

8,071

6,247

9,233

10,325

10,909

12,508

12,036

13,334

12,702

12,657

7,132

10,084

8,117

7,563

7,714

9,429

6,125

8,559

5,970

6,303

6,330

6,335

7,316

9,948

Accrued compensation

4,855

5,273

4,660

5,126

5,186

5,604

5,001

4,958

4,418

4,761

4,327

5,189

4,977

4,747

4,955

5,317

5,500

5,905

6,227

9,343

6,604

6,446

5,505

5,701

5,113

5,141

4,574

5,018

4,482

4,621

4,379

4,652

5,074

5,073

3,982

4,580

Accrued expenses and other current liabilities

2,835

2,443

2,382

2,933

3,822

3,541

3,469

2,885

2,722

3,234

3,126

3,723

3,486

4,450

4,067

3,826

3,153

3,718

4,079

3,247

3,296

2,834

2,688

2,233

3,030

2,906

3,727

3,051

2,581

3,617

3,719

3,707

3,248

3,371

3,037

3,448

Customer deposits

28,816

29,609

30,556

30,847

32,572

30,539

25,867

13,213

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

153

148

99

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities held for sale

-

-

-

3,525

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits

-

-

-

-

-

-

-

-

17,814

12,978

12,510

12,407

15,095

13,684

15,094

8,400

8,120

2,858

3,383

4,179

7,048

9,634

8,515

8,012

-

-

-

6,919

-

-

-

-

-

-

-

-

Income taxes payable

-

-

-

-

-

-

-

-

-

-

389

317

-

-

-

-

-

-

21

-

244

443

738

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,312

5,662

7,801

-

9,353

5,490

4,169

7,257

7,985

9,702

11,998

12,854

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,276

2,983

1,772

Deferred income tax liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

264

266

-

-

-

-

-

382

378

374

373

2,347

2,280

2,198

2,244

-

-

-

0

Total current liabilities

45,959

45,140

44,545

54,887

49,109

49,051

42,702

37,295

34,445

28,243

27,601

32,038

31,684

29,182

33,403

27,923

27,737

25,304

26,069

30,163

29,949

32,075

24,648

26,110

25,035

21,735

24,276

24,877

24,976

24,655

20,521

24,248

22,721

26,821

29,380

32,649

Finance lease obligations

61

-

-

95

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital lease obligations

-

71

85

-

109

41

47

55

67

91

118

143

119

138

147

157

174

79

86

98

96

110

124

136

67

85

107

127

150

170

181

203

227

267

188

116

Operating lease liabilities

122

157

167

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued compensation

-

-

-

-

-

-

-

-

-

-

-

-

11

46

81

-

-

-

10

124

-

-

-

158

158

315

314

308

298

290

291

293

289

271

276

259

Deferred income tax liability

1,273

1,283

1,297

1,056

1,437

1,446

1,417

1,427

736

4,366

4,353

4,051

3,967

3,850

3,793

3,546

6,784

6,717

6,644

5,876

8,393

8,361

8,301

8,197

7,389

7,374

7,298

7,131

7,473

7,466

7,454

7,404

9,326

9,158

9,083

8,969

Accrued pension liability

726

704

684

662

638

613

589

565

534

512

489

467

797

977

1,158

1,338

353

340

328

315

304

294

283

272

261

250

238

227

228

228

229

229

231

232

233

234

Accrued postretirement benefits

619

614

608

604

659

653

646

642

780

773

767

761

809

802

794

787

895

889

883

876

877

870

862

853

946

939

932

923

922

914

904

895

920

909

900

892

Other long-term liabilities

-

-

-

-

-

-

-

-

126

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

149

147

145

92

82

72

85

1,680

1,459

1,300

1,297

Total liabilities

48,760

47,969

47,386

57,304

51,952

51,804

45,401

39,984

36,688

33,985

33,328

37,460

37,387

34,995

39,376

33,751

35,943

33,329

34,020

37,452

39,619

41,710

34,218

35,726

33,856

30,847

33,312

33,738

34,139

33,805

29,652

33,357

35,394

39,117

41,360

44,416

Commitments and contingencies (Note 12)

-

-

-

-

-

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

0

Stockholders’ equity:
Preferred stock, $1.00 par value, 500 shares authorized

-

-

-

-

-

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

0

Common stock, $.10 par value, 25,500 shares authorized, 10,700 and 10,650 shares issued and 9,884 and 9,843 shares outstanding at December 31 and March 31, 2019, respectively

1,070

1,070

1,070

1,065

1,064

1,064

1,064

1,058

1,058

1,058

1,058

1,055

1,054

1,054

1,054

1,047

1,047

1,047

1,047

1,043

1,043

1,043

1,043

1,041

1,039

1,038

1,036

1,033

1,033

1,033

1,032

1,030

1,029

1,025

1,025

1,022

Capital in excess of par value

26,057

25,714

25,360

25,277

24,835

24,572

24,182

23,826

23,573

23,359

23,105

23,176

22,843

22,608

22,319

22,315

22,101

21,939

21,722

21,398

20,961

20,758

20,458

20,274

19,807

19,398

18,896

18,596

18,338

18,150

17,902

17,745

17,462

16,883

16,590

16,322

Retained earnings

91,900

92,979

92,861

93,847

99,383

100,271

99,427

99,011

97,229

109,731

110,600

110,544

109,619

108,655

108,232

109,013

109,374

108,895

107,726

106,178

102,824

99,237

95,456

93,469

91,555

90,426

88,139

84,632

80,836

77,989

75,573

74,383

74,153

72,711

67,441

64,623

Accumulated other comprehensive loss

-8,385

-8,667

-8,726

-8,833

-8,063

-8,243

-8,279

-8,250

-7,599

-7,954

-8,210

-8,434

-10,285

-10,375

-10,589

-10,676

-8,651

-8,775

-8,861

-9,056

-5,509

-5,553

-5,676

-5,765

-7,531

-7,702

-7,883

-8,033

-7,707

-7,885

-8,032

-8,160

-4,753

-4,830

-4,921

-5,012

Treasury stock (816 and 807 shares at December 31 and March 31, 2019, respectively)

12,601

12,601

12,620

12,390

12,410

12,410

12,442

12,296

12,326

12,326

12,350

12,231

12,290

12,290

12,349

12,319

8,805

6,351

3,012

3,012

3,064

3,064

3,111

3,111

3,157

3,157

3,233

3,233

3,301

3,301

3,378

3,378

3,435

3,222

3,300

3,300

Total stockholders’ equity

98,041

98,495

97,945

98,966

104,809

105,254

103,952

103,349

101,935

113,868

114,203

114,110

110,941

109,652

108,667

109,380

115,066

116,755

118,622

116,551

116,255

112,421

108,170

105,908

101,713

100,003

96,955

92,995

89,199

85,986

83,097

81,620

84,456

82,567

76,835

73,655

Total liabilities and stockholders’ equity

146,801

146,464

145,331

156,270

156,761

157,058

149,353

143,333

138,623

147,853

147,531

151,570

148,328

144,647

148,043

143,131

151,009

150,084

152,642

154,003

155,874

154,131

142,388

141,634

135,569

130,850

130,267

126,733

123,338

119,791

112,749

114,977

119,850

121,684

118,195

118,071