Benefytt technologies, inc. (HIIQ)
Balance Sheet / Quarterly
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'12
Assets
Current assets:
Cash and cash equivalents

5,051

3,771

9,160

14,695

6,483

9,321

33,135

49,220

41,926

40,907

43,060

27,529

15,827

12,214

14,259

9,269

6,845

7,695

7,929

8,808

10,517

15,985

12,470

32,935

30,094

17,054

19,444

27,979

31,062

750

Restricted cash

16,030

17,788

17,607

18,843

16,481

16,678

15,140

15,554

15,385

14,920

13,747

14,162

13,992

11,938

10,457

15,682

12,051

7,906

5,459

5,085

4,756

5,913

8,379

6,915

5,105

4,591

4,072

4,213

4,016

3,839

Investment proceeds receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,000

-

-

-

-

Credit card and ACH transactions receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,073

661

-

Short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

461

1,843

2,535

4,114

6,877

21,414

20,491

18,906

-

Accounts receivable, net, prepaid expenses and other current assets

7,361

2,911

3,352

2,445

1,727

2,108

2,661

1,692

1,979

2,227

2,585

2,223

2,477

2,815

1,533

1,478

1,690

1,778

1,690

1,763

1,887

2,332

2,112

-

-

963

-

-

-

-

Advanced commissions, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32,803

-

-

14,510

9,995

8,022

5,973

5,608

-

-

2,596

-

-

-

-

Secured distributor financing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36,581

-

-

-

-

-

-

-

-

-

-

-

-

-

Note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,014

999

1,014

-

-

-

-

-

-

-

-

-

Accounts receivable, prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,102

2,464

-

-

-

-

1,078

Accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

974

196

164

-

Advanced commissions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,730

4,860

-

1,397

2,479

539

297

Income taxes receivable

23,018

18,210

15,012

-

-

0

2,542

1,766

633

-

-

1,282

1,645

-

0

0

96

591

568

211

115

12

532

273

430

395

-

-

-

-

Advanced commissions, net

40,524

45,250

29,233

27,950

30,063

-

38,270

34,844

37,061

-

27,010

30,706

35,714

37,001

30,693

-

-

24,531

-

-

-

-

-

-

-

-

-

-

-

-

Advanced commissions, net

-

-

-

-

-

29,900

-

-

-

39,549

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract asset

172,554

184,474

158,083

161,817

166,858

165,494

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

74

-

-

-

-

-

-

-

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

429

615

612

-

Total current assets

264,538

272,404

232,447

225,750

221,612

223,468

91,748

103,076

96,984

97,603

86,402

75,902

69,655

63,968

56,942

59,232

57,263

42,501

31,170

26,861

26,311

30,676

31,018

50,490

47,067

47,476

47,730

57,046

55,960

5,964

Long-term contract asset

207,675

209,239

153,193

138,830

144,529

132,566

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term advanced commissions

-

-

-

-

-

-

4,380

2,773

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment, net

5,494

5,415

4,788

4,969

4,859

5,134

5,400

5,396

5,578

5,408

4,909

4,572

4,278

4,022

3,681

3,205

2,576

2,004

1,722

1,388

996

526

493

502

480

389

383

268

245

213

Deferred tax asset

645

0

5,959

26,230

26,385

25,967

26,160

25,445

14,698

14,960

27,834

28,151

-

8,181

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right-of-use assets

16,600

496

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capitalized offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,819

Goodwill

94,814

135,182

119,399

95,738

41,076

41,076

41,076

41,076

41,076

41,100

41,076

41,076

41,076

41,076

41,076

41,076

41,076

41,076

41,076

41,076

41,076

41,076

38,422

18,014

18,014

18,014

18,014

5,906

5,906

5,906

Intangible Assets, Net (Excluding Goodwill)

-

-

36,905

-

-

4,217

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

25,473

28,963

-

15,978

3,882

-

4,551

5,015

5,478

5,942

6,405

6,884

7,396

7,907

8,419

8,946

9,504

10,061

11,502

12,093

12,829

13,565

14,207

4,531

4,906

5,281

5,656

3,508

3,734

3,959

Deferred tax asset

-

-

-

-

-

-

-

-

-

-

-

-

28,604

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

2,623

159

522

659

793

61

77

92

1,098

96

110

12

240

193

257

264

139

142

782

917

1,204

329

192

81

31

489

30

28

28

100

Total assets

617,830

651,858

553,213

508,154

443,136

432,489

173,392

182,873

164,912

165,085

166,736

156,597

151,249

125,347

110,375

112,723

110,558

95,784

86,252

82,335

82,416

86,172

84,332

73,618

70,498

71,649

71,813

66,756

65,873

17,961

Liabilities and stockholders’ equity
Current liabilities:
Accounts payable and accrued expenses

45,568

51,477

33,136

29,383

26,643

32,397

37,741

37,173

32,822

30,914

31,516

30,133

28,958

29,680

21,251

21,096

22,531

17,847

11,823

10,601

9,330

11,397

12,278

9,509

6,949

7,074

1,537

1,213

1,482

2,062

Commissions payable

92,833

97,785

-

-

102,817

106,608

-

-

-

8,811

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commissions payable, net

-

-

85,652

95,325

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable, net

-

-

0

11,847

18,038

15,586

0

0

0

787

1,186

0

0

2,121

1,286

296

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Short-term debt

-

-

7,795

6,862

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

13

13

13

-

-

-

-

-

-

-

-

Current portion of noncompete obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

129

142

-

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

74

1,295

1,167

-

Due to member

-

-

1,312

8,213

9,543

7,978

1,137

2,337

1,137

1,775

521

521

3,844

3,282

4,287

790

535

342

229

194

229

229

229

-

-

916

-

-

-

773

Deferred revenue

-

-

-

-

227

-

-

-

-

662

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Carriers and vendors payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,877

3,380

2,993

2,790

Commissions payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,166

1,695

1,553

1,533

Deferred revenue

-

-

-

-

-

-

221

239

268

-

257

298

476

430

226

160

451

384

153

148

150

64

73

148

517

882

863

-

-

268

Contingent consideration, current

1,750

0

-

2,449

-

-

-

-

-

-

-

-

-

-

0

0

259

532

1,246

1,594

2,254

2,647

2,686

-

-

1,945

-

-

-

-

Current portion of long-term debt, net

9,488

10,684

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

813

Operating lease liabilities, current

1,500

237

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current liabilities

296

557

359

511

405

422

11

8

7

5

3

1

76

126

177

211

207

203

199

196

192

189

186

183

173

187

13

460

301

232

Total current liabilities

151,401

160,740

128,254

154,590

157,673

162,991

39,110

39,757

34,234

42,954

33,483

30,953

33,354

35,639

27,227

22,553

23,983

19,308

13,663

12,746

12,168

14,539

15,452

12,114

9,913

11,004

8,753

8,172

7,638

8,471

Commissions payable, long-term

79,287

82,369

75,594

76,560

94,894

84,716

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration, long-term

66,302

65,171

57,176

10,975

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

364

1,205

1,753

2,000

-

-

1,931

-

-

-

-

Revolving line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,000

14,000

15,000

7,500

2,500

-

-

-

-

-

-

-

-

-

-

-

Debt, net, long-term

183,470

167,947

-

-

65,000

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, net

-

-

150,617

141,232

-

15,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

82

109

248

358

1,589

2,367

1,896

2,287

-

-

-

-

-

-

-

-

Long-term debt, less current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,481

Noncompete obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

588

613

-

Due to member

34,142

29,121

29,091

26,210

26,210

25,693

26,293

25,085

15,096

15,096

28,078

28,078

27,451

9,460

361

387

398

406

733

528

512

387

387

423

423

423

374

359

377

-

Deferred tax liability, net

0

5,722

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities, long-term

14,965

224

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

330

590

1,340

1,238

135

621

18

23

32

34

43

43

217

170

185

186

107

158

241

479

442

494

379

426

476

514

60

57

54

45

Total liabilities

529,897

511,884

442,072

410,805

343,912

289,021

65,421

64,865

49,362

58,084

61,604

59,074

61,022

45,269

32,855

37,235

39,736

27,730

18,726

16,484

16,223

19,460

18,218

14,474

12,686

13,872

12,565

9,176

8,682

11,623

Commitments and contingencies (Note 14)

-

-

-

-

-

-

0

0

0

-

0

0

-

0

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders’ equity:
Preferred stock (par value $0.001 per share, 5,000,000 shares authorized; no shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively)

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

Additional paid-in capital

131,943

118,465

116,203

107,781

93,340

94,194

91,960

87,469

74,594

71,770

68,802

66,109

65,164

47,849

45,882

45,185

44,953

44,591

44,228

44,515

44,637

42,647

-

-

-

28,787

-

-

-

-

Additional paid-in capital

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

56,815

29,552

29,192

-

26,837

25,262

23,374

-

Treasury stock, at cost (3,915,690 and 3,945,587 shares as of March 31, 2020 and December 31, 2019, respectively)

125,643

127,400

127,489

127,979

108,758

67,200

29,859

11,998

6,923

6,887

1,570

1,307

1,307

1,122

1,529

1,190

1,429

1,542

1,536

2,137

2,793

347

27

1,688

1,680

1,563

377

-

-

-

Accumulated other comprehensive loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-15

-

-

Retained earnings

66,152

110,418

89,222

84,422

82,135

80,804

29,361

26,317

23,451

19,305

15,522

11,637

7,254

1,420

1,608

-331

-2,188

-3,093

-3,236

-3,967

-3,641

-3,694

-3,768

-3,156

-3,429

-3,355

-3,684

-4,092

-3,688

-

Members equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,335

Total Benefytt Technologies, Inc. stockholders’ equity

72,470

101,501

77,954

64,242

66,734

107,830

91,479

101,805

91,139

84,205

82,771

76,455

71,127

48,162

45,976

43,679

41,351

39,971

39,471

38,426

38,218

38,621

53,035

24,722

24,097

23,883

59,248

57,580

57,191

6,335

Noncontrolling interests

15,463

38,473

33,187

33,107

32,490

35,638

16,492

16,203

24,411

22,796

22,361

21,068

19,100

31,916

31,544

31,809

29,471

28,083

28,055

27,425

27,975

28,091

13,079

34,422

33,715

33,894

36,458

36,411

37,491

3

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

87,933

139,974

111,141

97,349

99,224

143,468

107,971

118,008

115,550

107,001

105,132

97,523

90,227

80,078

77,520

75,488

70,822

68,054

67,526

65,851

66,193

66,712

66,114

59,144

57,812

57,777

-

-

-

6,338

Total liabilities and stockholders' equity

617,830

651,858

553,213

508,154

443,136

432,489

173,392

182,873

164,912

165,085

166,736

156,597

151,249

125,347

110,375

112,723

110,558

95,784

86,252

82,335

82,416

86,172

84,332

73,618

70,498

71,649

71,813

66,756

65,873

17,961

Class A Common Stock
Common stock

17

16

16

16

15

14

-

-

-

13

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Class B Common Stock
Common stock

1

2

2

2

2

3

-

-

-

4

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-