H&E Equipment Services, Inc. HEES Balance Sheet

H&e equipment services, inc. (HEES)

Balance Sheet / TTM

Mar'20	Dec'19	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	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
ASSETS
Cash
12,440	14,247	10,596	6,701	6,442	16,677	5,088	9,579	38,084	165,878	6,184	6,995	5,040	7,683	7,034	10,353	4,732	7,159	9,187	11,861	4,552	15,861	5,287	6,090	4,965	17,607	6,666	4,221	2,965	8,894	3,250	3,692	2,912	24,215	4,894	5,686	29,149
Receivables, net of allowance for doubtful accounts of $4,774 and $5,236, respectively
169,415	192,204	205,205	199,975	188,343	201,556	191,305	175,736	160,432	176,081	152,823	141,475	139,423	140,037	138,833	138,210	145,747	147,328	146,607	147,808	131,884	164,335	146,519	144,536	137,258	131,970	141,469	133,930	132,125	141,667	123,902	107,953	98,345	105,339	99,737	97,562	99,139
Inventories, net of reserves for obsolescence of $338 and $331, respectively
106,157	85,478	106,710	127,762	142,379	104,598	113,252	162,773	148,701	75,004	83,067	94,402	91,901	53,909	73,998	114,810	98,104	96,818	102,977	139,663	162,471	133,987	161,861	150,704	168,784	111,640	117,529	142,219	153,545	79,970	109,751	109,455	111,122	65,151	77,272	76,759	72,156
Prepaid expenses and other assets
17,361	10,262	13,627	13,498	12,646	10,508	9,368	9,671	11,733	9,172	9,119	9,424	11,609	7,513	8,894	9,565	10,024	10,054	12,848	15,245	11,584	9,146	7,886	8,805	10,041	6,024	6,456	8,440	7,208	5,207	5,108	5,515	5,960	5,223	5,501	8,220	8,679
Rental equipment, net of accumulated depreciation of $696,538 and $676,376, respectively
1,171,663	1,217,673	1,262,663	1,244,499	1,189,677	1,141,498	1,153,244	1,090,380	954,080	904,824	917,075	902,378	877,477	893,816	922,486	888,792	873,147	893,393	912,026	895,982	888,205	889,706	852,818	784,896	704,237	688,710	672,057	646,666	595,262	583,349	571,936	518,425	459,761	450,877	447,425	445,502	426,637
Property and equipment, net of accumulated depreciation and amortization of $157,202 and $156,782, respectively
130,614	130,564	127,691	121,736	118,759	115,121	113,403	112,076	103,121	101,789	101,172	104,632	104,278	105,492	107,216	108,255	109,266	110,785	113,517	110,569	110,666	109,908	108,336	99,236	99,763	98,503	94,471	90,359	88,521	86,189	79,406	75,283	68,786	62,775	59,584	57,121	57,186
Operating lease right-of-use assets, net of accumulated amortization of $14,135 and $11,197, respectively
169,539	156,570	161,289	163,764	166,293	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance lease right-of-use assets, net of accumulated amortization of $2,092 and $2,051, respectively
325	365	406	447	487	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred financing costs, net of accumulated amortization of $14,594 and $14,419, respectively
2,682	2,857	3,032	3,207	3,347	3,000	3,188	3,375	3,563	3,772	1,576	1,558	1,761	1,964	2,167	2,370	2,574	2,777	4,615	4,878	5,140	4,664	4,884	4,986	4,421	4,689	4,957	5,263	5,333	5,049	14,313	5,754	6,091	5,640	5,986	6,334	7,027
Intangible assets, net of accumulated amortization of $7,762 and $6,952, respectively
31,938	32,948	33,990	35,032	34,729	28,380	29,285	30,215	21,195	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	41	66	92	181	429
Goodwill
68,851	131,442	143,626	143,626	142,490	105,843	105,843	105,843	76,389	31,197	31,197	31,197	31,197	31,197	31,197	31,197	31,197	31,197	31,197	31,197	31,197	31,197	31,197	31,197	31,197	31,197	31,416	31,635	31,854	32,074	32,560	33,046	33,533	34,019	34,019	34,019	34,019
Total assets
1,880,985	1,974,610	2,068,835	2,060,247	2,005,592	1,727,181	1,723,976	1,699,648	1,517,298	1,467,717	1,302,213	1,292,061	1,262,686	1,241,611	1,291,825	1,303,552	1,274,791	1,299,511	1,332,974	1,357,203	1,345,699	1,358,804	1,318,788	1,230,450	1,160,666	1,090,340	1,075,021	1,062,733	1,016,813	942,399	940,226	859,140	786,551	753,305	734,510	731,384	734,421
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Amounts due on senior secured credit facility
184,921	216,879	304,131	282,710	265,647	170,761	219,018	132,663	-	-	77,197	164,852	152,360	162,642	209,762	174,504	171,048	184,857	249,588	257,118	262,847	259,919	220,485	172,768	123,967	102,460	135,080	100,516	53,818	157,719	130,725	71,263	22,443	16,055	13,580	15,224	0
Accounts payable
67,790	58,853	85,339	118,805	115,494	101,840	84,765	154,551	136,188	89,781	81,554	81,053	74,886	39,432	48,227	89,098	66,440	66,777	53,940	63,846	72,866	53,341	89,946	95,198	112,506	67,779	52,624	76,805	97,526	36,119	75,708	81,395	89,304	63,006	60,086	54,513	58,437
Manufacturer flooring plans payable
17,761	25,201	25,925	25,066	26,350	23,666	26,472	28,760	28,112	22,002	23,286	25,824	36,940	30,780	38,226	45,967	64,117	62,433	59,904	72,855	74,294	93,600	92,414	52,142	56,313	49,062	49,709	56,370	67,693	50,839	56,925	64,050	59,918	58,318	62,911	66,466	75,058
Accrued expenses payable and other liabilities
57,394	78,382	72,236	78,540	61,622	73,371	61,591	69,917	56,929	65,095	53,885	60,720	45,341	56,833	51,502	60,185	42,981	55,551	49,063	58,660	41,967	60,548	45,492	57,414	39,082	54,439	45,876	54,828	36,881	50,522	37,564	48,304	32,069	38,490	31,298	36,710	35,999
Dividends payable
95	171	141	112	93	132	104	76	189	150	120	89	78	67	56	45	48	32	16	-	-	-	0	0	633	633	633	1,090	1,488	1,488	1,488	-	-	-	-	-	-
Senior unsecured notes, net of unaccreted discount of $2,572 and $2,691 and deferred financing costs of $1,666 and $1,743, respectively
945,762	945,566	945,369	945,173	944,977	944,780	944,584	944,388	944,200	944,088	738,222	627,914	627,812	627,711	627,609	627,508	627,407	627,306	628,840	628,798	628,756	628,714	628,672	628,630	628,588	628,546	628,504	628,462	628,420	521,065	530,000	250,000	250,000	250,000	250,000	250,000	250,000
Operating lease right-of-use liabilities
172,376	159,265	163,855	166,186	168,579	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance lease right-of-use liabilities
490	550	610	668	725	726	778	829	1,430	1,486	1,542	1,597	1,651	1,704	1,756	1,807	1,858	1,907	1,956	2,005	2,052	2,099	2,145	2,190	2,234	2,278	2,321	2,364	2,406	2,447	2,487	2,527	2,567	2,605	2,643	2,681	2,754
Deferred income taxes
170,328	180,126	175,240	165,352	158,090	153,113	144,288	137,162	130,580	126,419	184,706	186,922	181,336	177,835	173,449	165,068	159,896	155,886	147,760	136,972	129,135	125,110	111,873	100,540	92,230	88,291	78,468	74,647	72,238	71,589	66,076	60,235	59,827	58,616	55,988	53,149	55,919
Deferred compensation payable
2,123	2,098	2,071	2,044	2,016	1,989	1,968	1,946	1,925	1,903	1,886	1,869	1,859	1,842	1,826	1,811	1,795	2,174	2,157	2,140	2,123	2,106	2,089	2,073	2,056	2,040	2,024	2,008	1,992	1,975	1,960	1,944	1,929	2,008	1,992	1,976	2,004
Total liabilities
1,619,040	1,667,091	1,774,917	1,784,656	1,743,593	1,470,378	1,483,568	1,470,292	1,299,553	1,250,924	1,162,398	1,150,840	1,122,263	1,098,846	1,152,413	1,165,993	1,135,590	1,156,923	1,193,224	1,222,394	1,214,040	1,225,437	1,193,116	1,110,955	1,057,609	995,528	995,239	997,090	962,462	893,763	902,933	579,718	518,057	489,098	478,498	480,719	480,171
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:
Preferred stock, $0.01 par value, 25,000,000 shares authorized; no shares issued
-	-	-	-	-	-	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, 175,000,000 shares authorized; 40,020,289 and 39,921,838 shares issued at March 31, 2020 and December 31, 2019, respectively, and 35,920,148 and 35,848,089 shares outstanding at March 31, 2020 and December 31, 2019, respectively
399	398	398	397	397	396	396	396	395	395	395	394	394	394	394	393	393	392	392	390	390	390	390	390	390	389	389	388	388	388	388	387	387	387	387	386	386
Additional paid-in capital
237,496	235,844	234,234	233,197	232,362	231,174	229,958	229,041	228,389	227,070	226,158	225,438	224,725	223,544	222,817	222,290	221,686	220,879	220,249	219,854	219,370	218,349	218,523	217,370	216,583	215,775	215,346	214,681	213,788	212,850	212,211	211,778	211,027	210,695	210,362	209,771	209,111
Treasury stock at cost, 4,100,141 and 4,073,749 shares of common stock held at March 31, 2020 and December 31, 2019, respectively
65,253	64,783	64,739	63,486	63,486	63,099	63,072	61,749	61,749	61,749	61,720	60,966	60,966	60,966	60,951	60,405	60,405	60,405	60,405	59,935	59,935	59,935	59,935	58,468	58,468	58,468	58,468	57,988	57,578	57,578	57,578	57,175	56,884	56,884	56,884	56,791	56,330
Retained earnings
89,303	136,060	124,025	105,483	92,726	88,332	73,126	61,668	50,710	51,077	-25,018	-23,645	-23,730	-20,207	-22,848	-24,719	-22,473	-18,278	-20,486	-25,500	-28,166	-25,437	-33,306	-39,797	-55,448	-62,884	-77,485	-91,438	-102,247	-107,024	-117,728	124,432	113,964	110,009	102,147	97,299	101,083
Total stockholders’ equity
261,945	307,519	293,918	275,591	261,999	256,803	240,408	229,356	217,745	216,793	139,815	141,221	140,423	142,765	139,412	137,559	139,201	142,588	139,750	134,809	131,659	133,367	125,672	119,495	103,057	94,812	79,782	65,643	54,351	48,636	37,293	279,422	268,494	264,207	256,012	250,665	254,250
Total liabilities and stockholders’ equity
1,880,985	1,974,610	2,068,835	2,060,247	2,005,592	1,727,181	1,723,976	1,699,648	1,517,298	1,467,717	1,302,213	1,292,061	1,262,686	1,241,611	1,291,825	1,303,552	1,274,791	1,299,511	1,332,974	1,357,203	1,345,699	1,358,804	1,318,788	1,230,450	1,160,666	1,090,340	1,075,021	1,062,733	1,016,813	942,399	940,226	859,140	786,551	753,305	734,510	731,384	734,421