Gse systems inc (GVP)
Balance Sheet / TTM
Sep'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

8,606

9,672

11,346

12,123

9,831

9,959

11,763

19,111

15,525

23,528

21,625

21,747

14,093

10,903

11,225

11,084

12,832

9,755

11,590

13,583

16,028

18,103

20,756

15,643

17,559

21,091

18,708

22,386

21,304

12,266

17,185

20,326

17,658

18,634

26,577

Restricted cash

-

-

-

-

9

523

647

960

960

959

1,140

1,140

1,601

1,658

1,877

1,771

223

1,232

775

613

470

11

11

45

983

979

751

743

3,761

3,951

3,241

3,505

4,148

4,350

179

Contract receivables, net

16,566

19,065

18,636

21,077

19,238

19,221

18,757

13,997

18,616

14,129

13,897

18,863

16,430

14,538

12,780

13,053

12,240

15,962

15,191

-

12,478

14,419

14,524

-

20,933

20,778

22,847

-

-

-

-

-

-

-

-

Contract receivables, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,768

-

-

-

24,557

-

-

-

23,716

-

-

-

20,356

-

-

-

Contract receivables, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,441

26,092

22,998

-

21,811

19,460

17,201

Prepaid expenses and other current assets

1,836

2,210

1,953

1,800

1,624

2,049

2,680

2,795

2,956

3,122

4,024

2,052

2,715

3,009

2,934

2,499

2,380

2,159

1,698

1,994

3,543

3,646

3,789

3,699

4,473

2,888

3,649

3,212

3,314

2,508

-

3,733

-

-

-

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,668

-

3,282

2,939

1,992

Total current assets

27,008

30,947

31,935

35,000

30,702

31,752

33,847

36,863

38,057

41,738

40,686

43,802

34,839

30,108

28,816

28,407

27,675

29,108

29,254

31,958

32,519

36,179

39,080

43,944

43,948

45,736

45,955

50,057

47,820

44,817

47,092

47,920

46,899

45,383

45,949

Equipment, software, and leasehold improvements

5,627

5,522

5,516

5,293

5,290

5,270

5,102

4,782

7,149

6,962

6,845

6,759

6,862

6,912

7,012

7,003

7,039

7,135

6,957

7,055

7,064

7,154

7,170

7,090

7,030

6,773

6,833

6,733

6,683

5,948

5,672

5,206

5,209

5,361

4,727

Accumulated depreciation

4,525

4,419

4,320

4,228

4,125

3,997

3,828

3,719

5,997

5,844

5,648

5,527

5,559

5,529

5,531

5,407

5,387

5,377

5,171

5,229

5,331

5,366

5,311

5,175

5,096

4,862

4,787

4,653

4,604

4,330

4,335

4,105

4,119

4,162

3,667

Equipment, software, and leasehold improvements, net

1,102

1,103

1,196

1,065

1,165

1,273

1,274

1,063

1,152

1,118

1,197

1,232

1,303

1,383

1,481

1,596

1,652

1,758

1,786

1,826

1,733

1,788

1,859

1,915

1,934

1,911

2,046

2,080

2,079

1,618

1,337

1,101

1,090

1,199

1,060

Software development costs, net

648

599

596

615

662

759

677

690

756

836

894

982

1,045

1,147

1,195

1,145

996

2,157

1,830

1,414

1,437

1,274

1,143

1,020

905

769

2,747

2,426

-

-

1,884

1,815

1,750

1,782

1,790

Software development costs, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,193

2,055

-

-

-

-

-

Goodwill

16,709

16,709

16,709

13,170

12,185

13,518

8,431

8,431

7,130

5,612

5,612

5,612

5,612

5,612

5,612

5,612

5,612

5,612

5,612

5,612

-

-

-

0

0

0

4,448

4,502

4,502

4,471

4,492

4,462

4,472

4,494

2,609

Intangible assets, net

7,960

8,454

8,999

6,080

6,597

6,053

2,456

2,604

3,654

361

402

454

533

611

696

775

903

1,035

1,145

1,279

597

647

676

709

754

786

837

911

990

1,055

1,143

1,207

1,527

1,744

637

Deferred tax assets

6,635

-

-

5,461

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets

-

7,049

7,589

-

6,203

6,387

6,336

6,494

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right of use assets

3,720

4,071

4,331

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

1,735

1,735

1,734

1,779

3,305

3,291

3,465

3,591

3,721

1,021

1,021

1,021

1,184

1,177

1,182

1,192

1,177

1,870

858

897

897

1,054

794

Other assets

77

64

69

49

37

36

37

37

289

210

72

1,574

65

88

94

47

78

443

485

548

180

177

190

218

126

1,286

1,272

1,396

1,987

2,015

1,922

1,413

1,436

1,528

775

Total assets

63,859

68,996

71,424

61,440

57,551

59,778

53,058

56,182

51,038

49,875

48,863

53,656

45,132

40,684

39,628

39,361

40,221

43,404

43,577

46,228

40,187

41,086

43,969

48,827

48,851

51,665

58,487

62,564

60,748

57,901

58,728

58,815

58,071

57,184

53,614

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt, net of debt issuance costs and original issue discount

4,778

4,773

4,763

1,902

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term debt, net of debt issuance costs and original issue discount

-

-

-

-

1,901

1,900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term Line of Credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

339

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

1,174

1,879

1,573

1,307

1,096

834

557

1,251

676

580

587

923

2,367

1,654

2,116

699

2,015

1,679

1,967

2,330

1,805

1,309

1,182

3,554

4,045

5,198

5,131

4,980

4,886

4,442

3,854

4,077

3,412

3,396

4,945

Accrued expenses

1,820

1,145

1,577

2,646

2,324

2,560

3,523

2,276

2,967

2,875

2,389

2,437

1,930

1,576

1,727

2,262

1,944

1,695

1,631

1,554

1,642

2,061

2,012

1,903

2,004

1,731

1,951

2,287

1,779

1,509

1,417

1,581

1,922

1,660

1,753

Accrued compensation

2,904

3,006

2,702

3,649

3,532

3,454

2,975

2,866

3,418

1,890

2,015

2,624

3,196

2,720

2,781

2,431

3,707

2,728

2,516

2,595

2,226

2,571

2,519

2,497

2,418

2,409

2,456

2,715

2,350

2,266

2,206

2,754

2,388

2,182

2,053

Billings in excess of revenue earned

3,870

6,165

7,511

10,609

7,810

9,557

-

14,543

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Billings in excess of revenue earned

-

-

-

-

-

-

12,592

-

16,131

17,447

18,192

21,444

12,358

10,093

8,785

9,229

7,062

8,230

7,885

-

7,343

5,905

6,715

-

5,800

6,693

4,465

-

4,954

4,429

-

-

-

-

-

Accrued warranty

1,185

1,136

1,123

981

1,105

1,018

1,186

1,433

1,260

1,232

1,209

1,137

-

-

-

1,614

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Billings in excess of revenue earned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,915

-

-

-

6,545

-

-

-

5,993

-

-

5,470

5,261

5,102

4,340

4,268

Accrued warranty

-

-

-

-

-

-

-

-

-

-

-

-

1,534

1,418

1,410

-

1,614

1,573

1,507

1,456

1,502

1,640

1,790

1,851

1,841

1,778

1,988

2,107

2,157

2,463

2,496

2,300

2,081

1,900

1,680

Amount of liability recognized arising from contingent consideration in a business combination, expected to be settled within one year or the normal operating cycle, if longer.

-

-

-

-

0

0

0

1,701

1,691

1,552

1,508

2,105

731

1,297

1,115

2,647

2,601

2,775

1,900

2,842

-

-

-

492

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

1,368

1,163

1,382

1,176

-

-

-

1,113

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current liabilities

1,078

1,133

1,148

60

1,035

1,066

1,410

69

867

719

750

716

827

681

1,055

825

444

516

499

473

972

907

1,137

1,111

1,325

1,650

1,733

2,193

2,302

2,066

1,840

1,707

2,561

3,271

1,210

Total current liabilities

18,177

20,400

21,779

22,330

18,803

20,389

22,243

25,252

27,010

26,295

26,650

31,386

22,943

19,439

18,989

19,707

19,387

19,196

17,905

21,504

15,490

14,393

15,355

17,953

17,433

19,459

17,724

20,275

18,428

17,175

17,283

17,680

17,466

16,749

15,909

Long-term debt, less current portion, net of debt issuance costs and original issue discount

14,968

16,161

17,341

6,610

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

3,121

3,439

3,703

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, less current portion, net of debt issuance costs and original issue discount

-

-

-

-

7,089

7,571

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

1,210

1,169

1,127

1,085

2,221

2,130

2,492

1,948

-

-

-

409

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

1,070

1,375

1,333

1,371

1,545

1,421

1,453

1,258

1,515

1,325

1,261

1,149

866

776

706

201

238

208

86

38

63

78

68

78

811

776

831

1,459

1,213

1,041

1,789

2,352

2,573

2,275

799

Total liabilities

37,336

41,375

44,156

30,311

27,437

29,381

23,696

26,510

28,525

27,620

27,911

32,535

25,019

21,384

20,822

20,993

21,846

21,534

20,483

23,490

15,553

14,471

15,423

18,440

18,244

20,235

18,555

21,734

19,641

18,216

19,072

20,032

20,039

19,024

16,708

Commitments and contingencies

-

-

-

-

0

0

0

-

0

0

0

0

0

-

-

0

-

-

-

-

-

-

-

-

0

0

0

0

0

0

-

0

-

-

-

Stockholders' equity:
Preferred stock $0.01 par value, 2,000,000 shares authorized, no shares issued and outstanding

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

0

0

0

0

0

Common stock $0.01 par value; 60,000,000 shares authorized, 21,788,525 shares issued, 20,189,614 shares outstanding as of September 30, 2019; 60,000,000 shares authorized, 21,485,445 shares issued, 19,886,534 shares outstanding as of December 31, 2018

218

217

216

214

214

213

212

210

210

208

208

204

203

197

195

195

195

195

195

195

195

195

195

195

195

195

195

194

194

194

194

193

192

192

192

Additional paid-in capital

79,138

79,028

78,578

78,118

77,876

77,611

77,376

76,802

76,231

75,562

75,120

75,120

74,952

74,264

73,732

73,481

73,324

73,188

73,051

72,917

72,719

72,544

72,383

72,205

72,036

71,833

71,612

71,352

71,117

70,834

70,596

70,167

69,986

69,803

69,298

Accumulated deficit

-48,050

-46,930

-46,805

-42,569

-43,248

-42,730

-43,711

-42,870

-49,471

-48,866

-49,693

-49,427

-50,431

-50,600

-50,711

-50,849

-50,708

-47,153

-45,686

-46,144

-44,305

-42,410

-40,424

-38,400

-38,238

-37,243

-29,044

-27,889

-27,559

-28,375

-28,533

-29,063

-30,237

-31,095

-31,864

Accumulated other comprehensive loss

-1,784

-1,695

-1,722

-1,635

-1,729

-1,698

-1,516

-1,471

-1,458

-1,650

-1,684

-1,777

-1,612

-1,562

-1,411

-1,460

-1,437

-1,361

-1,467

-1,231

-976

-715

-609

-614

-555

-807

-649

-647

-574

-1,016

-649

-865

-782

-404

-720

Treasury stock at cost, 1,598,911 shares on September 30, 2019 and December 31, 2018

2,999

2,999

2,999

2,999

2,999

2,999

2,999

2,999

2,999

2,999

2,999

2,999

2,999

2,999

2,999

2,999

2,999

2,999

2,999

2,999

2,999

2,999

2,999

2,999

2,831

2,548

2,182

2,180

2,071

1,952

1,952

1,649

1,127

336

0

Balance

26,523

27,621

27,268

31,129

30,114

30,397

29,362

29,672

22,513

22,255

20,952

21,121

20,113

19,300

18,806

18,368

18,375

21,870

23,094

22,738

24,634

26,615

28,546

30,387

30,607

31,430

39,932

40,830

41,107

39,685

39,656

38,783

38,032

38,160

36,906

Total liabilities and stockholders' equity

63,859

68,996

71,424

61,440

57,551

59,778

53,058

56,182

51,038

49,875

48,863

53,656

45,132

40,684

39,628

39,361

40,221

43,404

43,577

46,228

40,187

41,086

43,969

48,827

48,851

51,665

58,487

62,564

60,748

57,901

58,728

58,815

58,071

57,184

53,614