Gtt communications, inc. (GTT)
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'11Dec'10
ASSETS
Current assets:
Cash and cash equivalents

106,400

41,800

40,600

33,700

50,700

55,300

47,700

73,700

54,400

101,200

34,799

130,739

32,970

29,700

15,407

15,373

10,177

14,630

19,713

19,421

52,087

49,256

41,610

22,538

7,241

5,785

4,897

5,593

4,607

4,726

4,261

4,963

4,219

3,249

6,963

7,368

6,562

Accounts receivable, net of allowances of $23.0 and $14.3, respectively

149,900

162,100

184,600

238,900

226,400

174,500

254,100

255,600

98,200

90,000

123,332

99,977

91,659

76,300

81,685

69,093

69,264

60,446

46,779

45,933

29,084

29,328

23,658

25,813

21,953

22,305

26,166

23,852

9,807

11,003

11,675

11,527

10,208

10,855

8,197

7,809

5,787

Deferred costs

-

-

-

-

-

-

-

1,600

1,700

-

2,865

3,195

4,707

3,400

4,030

3,531

3,902

4,159

3,688

4,011

3,457

2,351

3,111

2,743

2,830

1,975

3,394

2,316

1,279

1,346

1,670

1,648

1,757

1,831

1,409

966

536

Prepaid expenses

-

-

-

-

-

-

-

57,700

17,000

-

18,575

20,534

25,868

5,800

-

-

-

7,794

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

-

-

-

-

-

-

-

14,000

9,100

-

6,527

5,498

1,487

3,600

-

-

-

5,869

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

82,100

50,400

50,700

42,600

48,700

49,200

68,800

-

-

24,100

-

-

-

-

15,313

14,872

14,393

-

4,883

4,050

3,345

3,913

2,391

2,606

2,180

2,878

1,518

2,447

3,875

1,877

1,204

1,116

1,635

2,197

2,397

3,158

1,105

Total current assets

338,400

254,300

275,900

315,200

325,800

279,000

370,600

402,600

180,400

215,300

186,098

259,943

156,691

118,800

116,435

102,869

97,736

92,898

75,063

73,415

87,973

84,848

70,770

53,700

34,204

32,943

35,975

34,208

19,568

18,952

18,810

19,254

17,819

18,132

18,966

19,301

13,990

Restricted cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

0

0

0

304,300

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment, net

1,765,400

1,817,400

1,760,900

1,821,800

1,828,000

1,870,400

1,904,600

2,036,600

495,500

499,300

494,501

470,292

467,646

43,400

40,492

39,058

40,072

38,823

40,537

42,071

22,675

25,184

16,269

17,359

18,589

20,450

20,401

19,880

6,462

5,494

6,147

5,385

3,003

3,262

3,639

4,003

1,674

Operating lease right of use assets

335,900

357,500

361,300

394,900

419,900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

465,400

490,700

479,100

507,300

526,500

552,400

564,600

531,900

414,100

417,100

412,964

395,472

367,610

193,900

177,067

187,925

172,956

182,184

90,376

96,387

54,222

58,630

45,085

40,893

40,638

43,618

44,013

47,040

23,851

20,903

22,413

22,489

11,090

11,828

12,554

12,281

5,732

Goodwill

1,763,700

1,768,600

1,729,600

1,773,400

1,727,000

1,738,000

1,666,800

1,779,000

675,600

644,500

593,106

490,196

467,131

280,600

280,593

279,471

286,715

270,956

176,197

175,945

92,683

92,683

71,082

67,959

67,019

67,019

74,604

74,604

50,557

49,793

49,453

48,832

40,950

40,950

40,950

40,950

29,046

Other long-term assets

70,200

69,200

82,900

82,100

83,900

97,800

86,600

44,500

16,500

9,200

46,273

33,668

35,263

12,300

13,255

11,062

11,607

11,593

11,721

10,376

7,672

5,133

8,164

7,903

8,081

7,726

5,515

5,570

2,633

2,614

2,645

2,578

4,158

4,153

4,387

4,382

3,519

Total assets

4,739,000

4,757,700

4,689,700

4,894,700

4,911,100

4,537,600

4,593,200

4,794,600

1,782,100

1,785,400

1,732,942

1,649,571

1,494,341

953,300

627,842

620,385

609,086

596,454

393,894

398,194

265,225

266,478

211,370

187,814

168,531

171,756

180,508

181,302

103,071

97,756

99,468

98,538

77,020

78,325

80,496

80,917

53,961

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable

101,400

69,400

115,600

128,100

114,400

89,200

125,700

120,200

24,000

22,500

23,063

21,845

18,111

11,300

12,664

10,790

21,673

22,725

11,763

14,903

21,221

20,336

18,941

21,850

23,002

20,983

26,732

20,956

12,844

12,857

14,710

13,249

17,090

16,457

13,402

17,398

9,279

Accrued expenses and other current liabilities

273,400

240,800

208,700

221,000

226,100

226,800

168,700

215,400

90,700

103,000

92,889

54,586

57,865

36,900

40,476

42,002

40,700

43,115

56,115

55,909

31,200

29,488

22,718

18,548

22,772

26,999

27,544

33,278

12,682

13,301

10,919

11,715

6,399

8,325

11,589

9,653

6,831

Operating lease liabilities

72,600

74,900

73,400

77,000

81,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease liabilities

5,400

4,600

5,000

5,200

1,700

6,700

6,800

7,200

1,000

1,500

1,648

1,648

815

1,000

1,015

1,015

983

1,392

1,656

1,667

-

34

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition holdbacks

-

-

-

-

-

-

8,900

10,800

11,300

-

17,634

17,757

27,338

24,400

7,129

11,830

13,643

12,842

-

-

-

5,942

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, current portion

29,600

30,200

31,800

34,800

36,800

39,900

40,900

42,900

7,000

7,000

7,000

7,000

7,000

4,300

4,300

4,300

4,000

4,000

11,500

11,500

7,156

6,188

5,500

6,500

6,500

6,500

6,521

6,542

5,329

7,848

7,262

6,823

8,048

6,677

8,062

3,240

2,245

Deferred revenue

83,800

67,000

73,400

82,900

87,400

84,200

191,500

183,400

-

40,900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

57,000

-

61,608

50,693

53,140

17,900

16,647

14,786

14,403

15,469

14,004

14,340

8,709

8,340

7,486

7,357

7,202

6,797

7,238

8,063

6,308

6,588

6,710

6,680

5,903

6,157

6,380

6,534

5,898

Total current liabilities

566,200

486,900

507,900

549,000

547,400

446,800

542,500

579,900

191,000

174,900

203,842

153,529

164,269

95,800

82,231

84,723

95,402

99,543

95,038

98,319

68,286

70,328

54,645

54,255

59,476

61,279

68,035

68,839

37,163

40,594

39,601

38,467

37,440

37,616

39,433

36,825

24,253

Operating lease liabilities, long-term portion

254,700

272,900

279,000

304,700

331,200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease liabilities, long-term portion

36,400

37,300

36,000

36,900

36,000

35,100

36,200

36,500

100

300

412

769

0

100

512

204

590

961

1,284

1,850

-

119

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, long-term portion

3,228,400

3,192,600

3,118,200

3,157,300

3,152,200

3,151,600

3,115,500

3,122,000

1,235,700

1,236,500

1,108,885

1,108,807

953,354

725,200

412,159

412,637

396,011

382,243

212,750

215,625

115,094

114,638

119,500

81,570

87,015

85,960

82,905

81,350

37,334

34,981

36,455

36,800

19,721

21,312

22,022

25,518

12,020

Deferred revenue, long-term portion

255,200

266,500

263,600

274,000

280,800

287,000

268,600

286,300

106,700

108,000

112,042

116,294

120,281

3,400

3,137

2,330

2,290

2,292

-

-

609

766

989

1,233

1,357

1,480

1,607

1,729

320

234

264

-

-

265

-

-

-

Warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

18,844

19,511

12,295

-

-

-

2,288

-

-

-

-

-

-

-

Deferred tax liabilities

167,700

171,300

174,700

179,600

172,700

176,200

122,700

243,300

36,100

26,300

27,667

28,649

26,726

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

33,600

39,100

37,600

38,000

30,700

26,200

31,700

24,400

5,200

8,000

8,129

19,906

13,173

1,000

4,367

4,293

835

929

5,189

5,351

3,040

3,061

1,902

1,350

1,223

1,232

17,181

14,907

6,150

2,620

6,029

5,739

1,973

1,001

1,050

1,054

605

Total liabilities

4,542,200

4,466,600

4,417,000

4,539,500

4,551,000

4,122,900

4,117,200

4,292,400

1,574,800

1,554,000

1,460,977

1,427,954

1,277,803

825,500

502,406

504,187

495,128

485,968

314,261

321,145

187,029

188,912

177,036

157,252

168,582

162,246

169,728

166,825

80,967

80,717

82,349

81,006

59,134

60,194

62,505

63,397

36,878

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

0

0

0

0

0

0

0

0

Stockholders’ equity:
Common stock, par value $.0001 per share, 80,000,000 shares authorized, 58,451,083 and 56,686,459 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively

0

0

0

0

0

0

0

0

0

0

4

4

4

0

3

3

3

3

3

3

3

3

3

3

2

2

2

2

2

2

2

2

2

2

2

2

2

Additional paid-in capital

850,400

842,400

834,200

826,900

818,500

809,900

799,000

794,900

365,700

360,200

351,280

291,885

287,582

197,300

193,759

189,433

185,549

182,797

179,211

178,178

168,701

167,678

116,244

105,501

76,167

76,014

73,912

73,581

70,817

63,207

62,886

62,737

62,589

62,442

62,199

62,061

61,497

Accumulated deficit

-566,600

-474,200

-455,100

-428,900

-395,600

-368,300

-315,300

-291,900

-155,600

-124,900

-75,374

-65,856

-66,505

-64,600

-63,787

-68,914

-69,003

-69,901

-97,489

-99,252

-88,138

-89,205

-81,551

-74,914

-75,892

-66,226

-62,533

-58,243

-47,958

-45,437

-45,121

-44,625

-44,123

-43,874

-43,801

-44,242

-44,129

Accumulated other comprehensive loss

-87,000

-77,100

-106,400

-42,800

-62,800

-26,900

-7,700

-800

-2,800

-3,900

-3,945

-4,416

-4,543

-4,900

-4,539

-4,324

-2,591

-2,413

-2,092

-1,880

-2,370

-910

-362

-28

-328

-280

-601

-863

-757

-733

-648

-582

-582

-439

-409

-301

-287

Total stockholders’ equity

196,800

291,100

272,700

355,200

360,100

414,700

476,000

502,200

207,300

231,400

271,965

221,617

216,538

127,800

125,436

116,198

113,958

110,486

79,633

77,049

78,196

77,566

34,334

30,562

-51

9,510

10,780

14,477

22,104

17,039

17,119

17,532

17,886

18,131

17,991

17,520

17,083

Total liabilities and stockholders’ equity

4,739,000

4,757,700

4,689,700

4,894,700

4,911,100

4,537,600

4,593,200

4,794,600

1,782,100

1,785,400

1,732,942

1,649,571

1,494,341

953,300

627,842

620,385

609,086

596,454

393,894

398,194

265,225

266,478

211,370

187,814

168,531

171,756

180,508

181,302

103,071

97,756

99,468

98,538

77,020

78,325

80,496

80,917

53,961