Healthcare services group, inc. (HCSG)
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'10Sep'10Jun'10Dec'09
ASSETS:
Current assets:
Cash and cash equivalents

64,498

27,329

40,572

16,156

28,362

26,025

15,197

13,155

10,489

9,557

11,005

7,058

48,230

23,853

24,327

21,719

29,120

33,189

44,369

85,900

58,292

75,280

52,876

57,269

71,692

64,155

50,559

63,160

54,727

68,949

53,176

55,599

48,256

38,639

27,128

35,498

36,692

39,692

26,109

34,968

31,301

Marketable securities, at fair value

90,497

90,711

79,714

79,533

78,508

76,400

74,704

74,928

74,372

73,200

70,384

70,082

68,260

67,730

80,623

78,919

72,358

69,496

59,199

11,799

11,855

11,799

11,875

11,104

11,647

11,445

11,562

22,026

22,559

21,322

21,354

21,398

21,350

31,337

41,174

40,782

41,199

43,437

44,498

44,099

52,648

Accounts and notes receivable, less allowance for doubtful accounts of $87,453 and $45,726 as of March 31, 2020 and December 31, 2019, respectively

303,804

340,930

349,654

346,765

353,106

341,838

353,484

343,665

335,014

378,720

367,009

338,368

281,113

271,276

265,533

255,776

236,412

214,854

209,626

205,048

211,412

198,128

199,988

205,172

195,146

189,107

184,637

165,700

149,146

140,218

137,369

135,795

128,123

130,744

117,292

117,204

111,364

108,426

108,363

107,253

104,356

Inventories and supplies

36,938

36,517

38,888

39,977

40,982

41,443

41,595

41,424

42,274

42,393

41,516

40,621

37,294

37,800

37,603

37,603

37,927

36,308

35,887

35,393

35,418

35,462

32,809

32,919

32,756

32,447

30,579

28,648

28,596

28,675

27,409

27,050

25,966

25,144

22,195

21,416

20,844

20,614

18,858

18,347

16,974

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,122

2,246

3,455

2,478

0

0

2,339

-

-

-

0

-

-

-

-

-

-

-

-

667

506

115

Prepaid income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

915

-

1,086

0

0

912

-

-

1,007

0

-

-

1,628

-

-

-

-

405

1,135

-

0

3,978

-

-

0

Prepaid expenses and other assets

24,819

20,245

23,084

26,572

24,048

22,468

23,198

27,625

27,004

23,515

25,628

20,054

16,824

13,965

16,382

16,284

14,773

11,495

11,809

11,990

11,028

9,792

12,457

13,566

11,805

9,699

10,318

9,767

9,864

8,682

9,787

10,482

8,821

5,852

6,808

6,150

6,525

5,628

4,825

4,862

6,776

Total current assets

520,556

515,732

531,912

509,003

525,006

508,136

508,178

500,797

489,153

527,406

515,542

476,183

451,721

414,624

424,468

410,301

391,505

365,342

361,976

352,252

330,251

334,828

312,483

320,030

324,053

309,192

287,655

289,301

266,520

267,846

249,095

250,324

232,516

232,121

215,732

221,050

216,624

221,775

203,320

210,035

212,170

Property and equipment, net

29,010

28,820

28,975

29,603

30,077

12,900

13,067

13,254

13,487

13,509

13,499

13,399

13,397

13,455

13,275

13,485

13,275

13,086

13,251

12,785

13,064

12,772

11,474

11,484

11,827

11,304

11,242

10,203

10,269

10,272

10,264

10,132

9,869

9,763

9,373

8,178

7,592

6,656

5,591

4,931

4,391

Laundry and linen equipment installations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,128

2,727

-

2,556

2,524

2,472

2,516

2,436

2,441

2,413

2,336

2,248

2,237

2,125

2,100

2,044

1,967

1,935

1,886

1,774

1,728

1,695

Housekeeping and office equipment and furniture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27,870

34,539

-

31,857

31,001

30,427

29,182

28,700

26,879

26,448

26,098

25,560

25,428

24,783

24,277

23,564

22,121

21,227

20,111

19,002

17,968

16,905

Autos and trucks

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

147

209

-

258

258

305

305

305

310

315

315

325

324

299

299

299

299

299

284

259

278

278

Property and equipment, gross

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29,145

37,475

-

34,671

33,783

33,204

32,003

31,441

29,630

29,176

28,749

28,133

27,989

27,207

26,676

25,907

24,387

23,461

22,281

21,035

19,974

18,878

Less accumulated depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,360

24,411

-

23,197

22,299

21,377

20,699

20,199

19,427

18,907

18,477

17,869

17,857

17,338

16,913

16,534

16,209

15,869

15,625

15,444

15,043

14,487

Goodwill

51,084

51,084

51,084

51,084

51,084

51,084

51,084

51,084

51,084

51,084

51,084

50,473

44,438

44,438

44,438

44,438

44,438

44,438

44,438

44,438

44,438

44,438

44,438

44,438

40,183

40,183

40,183

16,955

16,955

16,955

16,955

16,955

16,955

16,955

16,955

16,955

16,955

16,955

16,955

16,955

17,087

Other intangible assets, less accumulated amortization of $20,342 and $19,300 as of March 31, 2020 and December 31, 2019, respectively

21,311

22,353

23,394

24,435

25,477

26,518

27,559

28,650

29,766

30,881

32,075

31,330

13,802

14,409

15,016

15,623

16,297

17,108

17,918

18,729

19,539

20,349

21,160

21,987

22,544

23,372

24,120

4,119

4,661

5,203

5,746

6,288

6,830

7,372

7,914

6,326

6,794

7,262

7,730

8,198

8,862

Notes receivable — long–term portion, less allowance for doubtful accounts of $4,827 and $6,667 as of March 31, 2020 and December 31, 2019, respectively

49,466

46,992

36,883

41,956

39,291

43,043

45,906

37,386

38,814

15,476

11,495

7,526

7,056

7,531

4,048

3,090

3,213

2,972

2,626

3,463

2,716

5,179

3,355

4,861

5,847

5,779

2,581

2,502

3,140

1,823

2,885

2,973

4,185

1,483

2,443

3,793

4,931

5,055

6,084

6,165

4,623

Deferred compensation funding, at fair value

30,008

37,247

34,385

34,065

31,812

29,113

32,946

30,697

29,443

28,885

27,387

26,326

25,082

24,119

26,332

26,362

25,659

25,391

23,905

24,985

24,291

24,742

24,204

24,003

22,998

22,200

21,239

19,757

19,254

17,831

17,113

15,795

15,541

13,780

12,387

13,462

12,948

12,080

12,510

11,238

10,783

Deferred income taxes

30,642

20,364

19,726

19,985

20,177

20,552

7,974

7,753

7,802

7,498

9,196

9,240

9,564

9,822

9,198

9,206

8,664

12,567

10,642

30,042

27,914

27,233

25,054

14,376

13,649

13,274

13,156

12,535

11,539

11,215

10,740

9,919

9,027

8,181

8,472

9,085

8,425

8,109

10,040

8,990

7,907

Other noncurrent assets

-

-

0

0

0

1,257

1,258

1,257

1,258

1,264

1,264

1,269

48

48

48

44

44

45

42

40

38

38

38

38

38

38

38

38

38

38

38

38

39

40

39

40

42

42

42

42

69

Total assets

732,077

722,592

726,359

710,131

722,924

692,603

687,972

670,878

660,807

676,003

661,542

615,746

565,108

528,446

536,823

522,549

503,095

480,949

474,798

486,734

462,251

469,579

442,206

441,217

441,139

425,342

400,214

355,410

332,376

331,183

312,836

312,424

294,962

289,695

273,315

278,889

274,311

277,934

262,272

266,554

265,892

LIABILITIES AND STOCKHOLDERS’ EQUITY:
Current liabilities:
Accounts payable

60,794

54,418

59,355

59,289

60,254

61,467

75,541

69,269

70,624

74,463

62,323

69,204

47,952

42,912

39,529

44,863

39,773

41,472

37,982

35,635

42,644

43,554

48,353

47,278

47,985

43,682

36,647

31,238

30,641

22,810

25,677

20,860

21,962

10,650

10,025

9,680

12,029

11,434

7,636

7,743

9,134

Accrued payroll, accrued and withheld payroll taxes

29,763

36,413

54,093

30,217

51,359

35,198

52,617

27,423

48,040

32,139

48,786

21,784

34,334

22,303

37,850

25,303

34,065

18,062

28,183

41,519

25,370

47,696

24,400

32,543

45,554

37,162

18,869

28,823

15,529

31,997

16,468

26,390

13,338

26,833

12,029

19,952

14,122

21,429

8,494

16,191

17,647

Other accrued expenses

11,443

16,489

10,413

9,500

10,740

8,890

4,088

3,495

3,123

4,561

3,665

3,319

3,118

4,397

2,767

2,627

2,889

3,115

6,742

7,232

7,253

3,861

18,135

2,609

3,283

8,528

3,168

3,081

2,804

3,526

2,256

2,128

1,496

1,657

1,643

1,422

1,487

1,988

1,841

2,859

3,057

Borrowings under line of credit

50,000

10,000

10,000

30,000

30,000

30,000

9,959

40,505

26,000

35,382

25,000

16,182

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

10,555

8,075

3,066

0

1,410

7,140

0

0

939

15,378

10,781

12,471

8,403

7,686

9,332

9,203

0

3,212

-

11,601

6,179

0

656

5,381

0

1,878

6,270

4,479

0

1,906

3,196

3,335

2,655

0

-

187

680

-

215

444

35

Accrued insurance claims

23,729

23,256

23,082

22,385

21,719

20,696

24,167

23,702

22,917

22,245

24,827

23,975

23,857

23,573

23,907

22,541

21,475

19,740

19,115

17,908

18,523

17,748

13,699

8,075

7,861

7,853

7,372

7,110

6,774

6,850

6,751

6,341

5,776

5,296

5,863

5,878

5,634

5,076

6,032

5,305

4,844

Accrued legal expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,284

4,326

4,394

10,464

-

-

-

5,100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

821

-

-

-

-

254

1,111

-

148

537

1,220

575

632

384

908

951

192

85

501

604

-

-

0

Total current liabilities

186,284

148,651

160,009

151,391

175,482

163,391

166,372

164,394

171,643

184,168

175,382

146,935

117,664

100,871

115,669

108,863

102,596

96,065

92,843

113,895

99,969

117,959

105,243

96,140

105,794

99,103

72,474

75,268

56,968

67,664

54,980

59,438

46,135

45,387

29,752

37,204

34,453

40,531

24,218

32,542

34,717

Accrued insurance claims — long-term portion

65,272

64,366

64,696

62,815

60,680

58,904

68,782

67,459

65,225

62,454

67,818

66,077

64,581

64,080

63,213

64,156

61,783

62,510

60,531

56,708

52,718

50,514

43,381

18,843

18,343

18,325

17,201

16,589

15,807

15,712

15,753

14,797

13,478

12,358

13,681

13,715

13,147

11,845

14,074

12,377

11,302

Deferred compensation liability

30,098

37,621

34,717

34,193

31,909

29,528

33,238

30,891

29,595

29,429

27,886

26,657

26,386

24,653

26,837

26,796

25,761

25,918

24,306

25,252

24,492

25,276

24,705

24,387

23,211

22,771

21,668

20,033

19,393

18,237

17,586

16,132

15,724

14,224

12,786

13,728

13,094

12,479

12,837

11,479

11,099

Lease liability — long-term portion

12,244

11,649

11,638

12,084

12,304

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commitments and contingencies (Note 15)

-

-

-

-

-

-

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, $0.01 par value; 100,000 shares authorized; 75,725 and 75,557 shares issued, and 74,416 and 74,149 shares outstanding as of March 31, 2020 and December 31, 2019, respectively

757

756

755

755

755

753

753

752

752

750

748

746

744

742

742

742

740

738

737

733

732

729

725

721

720

719

717

704

703

700

699

698

697

695

694

694

694

693

460

460

687

Additional paid-in capital

275,447

270,614

269,598

267,853

264,936

259,440

256,129

255,894

253,692

244,363

241,008

236,275

226,075

217,664

215,531

213,233

209,450

199,294

196,333

194,416

192,068

186,022

182,031

180,441

174,074

168,329

165,575

122,148

120,104

113,495

111,318

111,795

109,849

105,727

104,924

103,257

102,416

100,138

97,474

95,749

92,110

Retained earnings

168,404

195,455

191,515

188,025

184,592

190,092

173,033

161,269

149,743

163,860

157,678

148,134

139,333

130,940

124,134

117,821

112,354

106,886

110,789

106,626

103,098

100,237

97,244

131,761

130,026

127,464

133,959

131,998

130,581

127,042

125,471

125,017

124,652

126,921

127,090

127,686

128,358

130,993

132,130

133,085

135,837

Accumulated other comprehensive income, net of taxes

2,386

2,919

2,822

2,365

1,574

158

-712

-204

-301

837

844

762

160

-319

1,308

1,676

1,098

543

206

8

28

25

52

56

50

49

43

44

150

127

171

153

170

343

373

297

12

-78

152

31

0

Common stock in treasury, at cost, 1,309 and 1,408 shares as of March 31, 2020 and December 31, 2019, respectively

8,815

9,439

9,391

9,350

9,308

9,663

9,623

9,577

9,542

9,858

9,822

9,840

9,835

10,185

10,611

10,738

10,687

11,005

10,947

10,904

10,854

11,183

11,175

11,132

11,079

11,418

11,423

11,374

11,330

11,794

13,142

15,606

15,743

15,960

15,985

17,692

17,863

18,667

19,073

19,169

19,860

Total stockholders’ equity

438,179

460,305

455,299

449,648

442,549

440,780

419,580

408,134

394,344

399,952

390,456

376,077

356,477

338,842

331,104

322,734

312,955

296,456

297,118

290,879

285,072

275,830

268,877

301,847

293,791

285,143

288,871

243,520

240,208

229,570

224,517

222,057

219,625

217,726

217,096

214,242

213,617

213,079

211,143

210,156

208,774

Total liabilities and stockholders’ equity

732,077

722,592

726,359

710,131

722,924

692,603

687,972

670,878

660,807

676,003

661,542

615,746

565,108

528,446

536,823

522,549

503,095

480,949

474,798

486,734

462,251

469,579

442,206

441,217

441,139

425,342

400,214

355,410

332,376

331,183

312,836

312,424

294,962

289,695

273,315

278,889

274,311

277,934

262,272

266,554

265,892