Hanger, inc. (HNGR)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Jan'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

115,949

74,419

49,947

38,229

20,511

-

95,114

61,035

48,792

32,913

1,508

-

-

-

7,157

-

-

-

58,753

24,632

18,178

26,403

11,699

1,565

1,630

45,836

1,613

1,246

2,858

6,273

19,211

55,620

41,613

32,248

42,896

31,437

19,526

36,308

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,120

3,120

3,120

3,120

-

-

-

-

Accounts receivable, net

128,882

159,359

145,378

148,275

136,891

-

143,986

132,446

134,079

127,010

146,346

134,424

133,646

125,776

144,562

139,203

145,605

149,816

174,592

166,058

163,635

159,244

174,248

165,787

159,471

146,060

154,739

149,952

150,276

139,756

165,668

144,096

142,551

133,308

138,826

127,231

121,731

118,622

Inventories

67,255

68,204

75,693

71,110

70,036

-

67,690

72,601

66,439

70,051

69,138

74,095

72,338

72,878

68,225

74,563

71,092

69,163

68,478

74,687

73,041

73,113

70,517

86,155

90,506

85,783

82,257

83,293

81,214

79,575

127,295

126,937

124,815

120,485

112,305

110,597

102,666

98,290

Income taxes receivable

4,434

-

-

1,718

734

-

379

1,723

1,389

824

13,079

13,784

12,855

12,351

13,200

10,999

41,736

41,066

34,735

15,899

16,750

9,696

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current assets

15,669

13,673

14,615

14,888

17,058

12,961

18,731

20,742

21,415

20,004

20,888

19,176

19,066

18,465

19,137

18,102

19,199

24,014

21,070

22,603

20,907

23,242

21,356

46,604

33,097

27,466

21,606

22,861

28,937

29,313

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

109,252

70,333

70,789

71,569

75,616

64,209

64,153

61,055

27,685

22,406

20,652

20,652

20,648

18,502

17,596

17,458

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,215

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses, other assets, and income taxes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,673

17,643

18,273

20,106

17,015

14,691

19,419

17,814

Total current assets

332,189

315,655

285,633

274,220

245,230

320,130

325,900

288,547

272,114

250,802

250,959

241,939

238,816

230,884

252,281

243,870

326,643

304,021

357,628

303,879

292,511

292,899

395,287

370,444

355,493

376,714

335,831

321,561

327,438

315,972

358,652

369,822

351,024

329,919

331,690

302,458

280,938

288,492

Non-current assets:
Land

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

794

794

794

794

794

794

794

839

Buildings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,896

7,333

7,302

7,294

4,400

4,332

4,332

4,299

Furniture and fixtures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,582

18,838

17,991

17,464

17,281

17,070

16,680

16,134

Machinery and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

60,364

59,109

58,264

57,314

56,137

55,296

54,469

52,905

Equipment leased to third parties under operating leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34,827

34,565

34,314

34,186

33,830

34,835

33,496

31,294

Leasehold improvements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

74,615

71,527

67,801

66,410

65,245

63,789

62,266

59,223

Software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

98,186

94,259

91,107

84,216

81,775

78,231

75,564

69,648

Total property, plant and equipment, gross

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

297,264

286,425

277,573

267,678

259,462

254,347

247,601

234,342

Less accumulated depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

182,803

175,507

168,262

161,538

154,690

149,832

143,489

131,038

Property, plant and equipment, net

88,835

84,057

84,490

85,210

81,951

81,421

89,489

89,424

91,378

91,302

93,615

93,346

93,381

96,540

100,467

102,485

105,286

109,124

113,274

113,510

115,314

113,651

112,350

114,223

119,677

120,225

116,289

113,144

109,475

106,249

114,461

110,918

109,311

106,140

104,772

104,515

104,112

103,304

Goodwill

232,254

232,244

226,348

226,732

226,632

-

198,742

196,343

196,343

196,343

196,343

249,678

249,678

249,678

249,678

335,642

335,642

335,642

335,642

718,503

718,413

718,343

710,053

716,571

715,010

702,769

682,628

679,721

678,748

675,451

674,774

624,828

615,732

611,147

609,484

601,979

596,773

590,699

Other intangible assets, net

16,586

17,952

17,985

15,770

16,415

15,258

15,478

16,637

18,145

19,971

21,940

25,666

28,027

30,471

32,941

35,630

39,232

43,178

47,128

57,109

59,857

61,805

58,515

60,553

62,600

60,352

56,240

56,906

58,520

59,311

-

-

-

-

-

-

-

-

Deferred income taxes

69,893

70,481

68,581

66,682

69,738

65,051

65,635

71,967

74,897

75,449

68,126

101,402

99,771

100,273

94,223

98,254

98,254

98,254

98,254

49,701

49,701

49,701

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease right-of-use assets

115,250

110,559

109,838

104,632

103,676

102,226

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,648

7,110

7,572

8,034

8,496

8,958

9,420

13,169

14,033

14,896

15,759

16,622

17,485

18,348

19,212

16,589

Other intangible assets, less accumulated amortization of $31,018 and $27,375 in 2014 and 2013, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

64,281

58,134

54,732

53,958

54,894

55,274

55,802

56,379

Total intangible assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

739,055

682,962

670,464

665,105

664,378

657,253

652,575

647,078

Other assets

14,180

11,305

8,537

7,589

8,392

8,304

7,766

12,711

11,482

10,416

9,440

26,547

26,785

27,433

25,514

25,582

25,413

23,680

21,158

21,498

22,602

23,069

19,452

20,055

18,384

17,826

15,504

16,305

15,872

16,064

11,126

8,655

8,623

8,661

8,394

6,073

6,135

6,016

Total other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,159

23,551

24,382

25,283

25,879

24,421

25,347

22,605

Total assets

869,187

842,253

801,412

780,835

752,034

791,132

703,010

675,629

664,359

644,283

640,423

738,578

736,458

735,279

755,104

841,463

930,470

913,899

973,084

1,264,200

1,258,398

1,259,468

1,302,305

1,288,956

1,278,736

1,285,920

1,214,988

1,196,595

1,199,473

1,186,216

1,237,327

1,187,253

1,155,181

1,126,447

1,126,719

1,088,647

1,062,972

1,061,479

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
Current liabilities:
Current portion of long-term debt

7,926

8,752

8,619

8,648

8,677

7,964

8,583

9,027

10,384

10,312

4,336

13,129

21,476

27,398

30,944

28,833

29,713

29,447

30,385

29,384

29,904

28,577

26,852

25,677

24,505

21,906

17,728

15,437

15,652

13,229

11,082

7,775

6,115

7,927

8,065

8,030

6,772

7,006

Accounts payable

47,189

48,477

53,831

52,268

50,173

-

55,797

52,325

50,313

50,722

48,269

50,337

49,654

57,491

50,549

59,113

68,909

40,813

56,099

52,957

52,324

54,765

48,554

49,658

45,642

43,964

44,519

44,921

47,798

36,189

28,923

27,902

29,116

26,105

26,561

24,011

21,633

29,243

Accrued expenses and other current liabilities

58,245

55,825

55,908

53,107

53,311

50,431

51,783

54,790

54,258

64,695

66,308

69,383

70,731

78,482

78,950

75,443

78,026

81,934

79,860

91,798

91,117

86,465

91,778

68,118

47,436

44,508

44,433

41,043

41,605

40,096

22,357

-

-

-

-

-

-

-

Accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,227

22,915

19,325

17,547

23,554

24,017

20,796

Accrued interest payable

-

-

-

-

-

-

-

-

-

-

-

539

393

447

662

554

5,255

7,636

3,292

6,197

3,065

5,906

2,366

5,950

2,274

5,646

2,019

5,934

2,351

6,645

3,041

6,513

3,034

6,615

3,040

6,559

3,122

2,522

Accrued compensation related costs

22,835

61,010

39,633

37,309

22,228

-

55,111

32,730

31,082

17,216

53,380

29,220

29,928

16,991

36,162

22,193

23,772

25,131

48,168

41,284

28,010

27,155

41,288

35,656

24,664

21,417

38,606

35,304

25,914

22,084

41,784

30,624

23,990

19,031

35,829

23,382

23,818

43,126

Current portion of operating lease liabilities

32,878

34,342

32,437

30,592

33,675

31,479

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

169,073

208,406

190,428

181,924

168,064

200,782

171,274

148,872

146,037

142,945

172,293

162,608

172,182

180,809

197,267

186,136

205,675

184,961

217,804

221,620

204,420

202,868

210,838

185,059

144,521

137,441

147,305

142,639

133,320

118,243

107,187

93,041

85,170

79,003

91,042

85,536

79,362

102,693

Long-term liabilities:
Long-term debt, less current portion

568,502

490,121

488,620

489,662

490,623

489,597

502,090

502,966

504,157

505,235

445,928

474,434

462,339

456,663

441,706

457,021

519,952

525,521

536,048

516,743

534,012

540,882

502,132

511,698

535,093

559,096

469,818

474,068

505,751

522,189

509,564

501,210

498,311

498,168

499,968

499,661

499,361

501,678

Operating lease liabilities

95,200

88,418

88,719

85,046

83,693

82,510

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

59,924

62,786

62,338

61,640

65,329

65,906

65,935

66,489

77,730

74,820

74,257

74,257

74,309

63,484

64,447

64,447

Other liabilities

52,412

45,804

47,851

46,033

40,259

38,620

51,570

49,395

49,465

49,678

50,253

49,103

48,911

49,316

50,717

53,803

54,925

55,304

53,986

48,307

48,095

47,918

45,875

44,150

44,734

42,120

41,223

39,256

37,744

37,257

39,752

37,464

37,025

35,183

32,818

30,919

28,189

28,234

Total liabilities

885,187

832,749

815,618

802,665

782,639

811,509

724,934

701,233

699,659

697,858

668,474

686,145

683,432

686,788

689,690

696,960

780,552

765,786

807,838

786,670

786,527

791,668

818,769

803,693

786,686

800,297

723,675

721,869

742,750

744,178

734,233

706,535

694,763

686,611

698,137

679,600

671,359

697,052

Commitments and contingencies (Note Q)

-

-

-

-

-

-

-

0

0

0

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

0

0

0

0

0

0

0

Shareholders' deficit (equity):
Common stock, $0.01 par value; 60,000,000 shares authorized; 37,957,627 shares issued and 37,814,806 shares outstanding at 2020, and 37,602,873 shares issued and 37,460,052 shares outstanding at 2019, respectively

380

376

375

375

374

-

371

370

370

369

365

365

365

364

362

362

362

361

359

359

359

359

355

355

355

355

351

352

352

350

356

355

355

356

351

349

349

344

Additional paid-in capital

353,677

354,326

350,579

347,012

343,591

-

343,955

340,738

337,175

334,169

333,738

329,613

326,027

323,113

322,191

320,065

318,022

315,908

315,529

312,418

309,865

307,368

307,166

304,596

302,581

299,384

295,113

291,455

288,971

285,486

280,084

277,302

274,345

271,149

268,535

264,978

262,956

257,419

Accumulated other comprehensive loss

-21,424

-12,551

-13,777

-12,143

-7,461

-

-4,531

-164

-1,928

-4,268

-1,686

-1,492

-1,475

-1,458

-1,440

-1,356

-1,376

-1,394

-1,414

-1,808

-1,834

-1,862

-1,888

-1,020

-1,020

-1,020

-1,020

-1,919

-1,919

-1,919

-1,919

-1,185

-1,185

-1,185

-1,185

-279

-279

-279

Accumulated deficit

-347,937

-331,951

-350,687

-356,378

-366,413

-359,476

-361,023

-365,852

-370,221

-383,149

-359,772

-275,357

-271,195

-272,832

-255,003

-173,872

-166,394

-166,066

-148,532

167,257

164,177

162,591

178,559

181,988

190,790

187,560

197,525

185,494

169,975

158,777

225,229

204,902

187,559

170,172

161,537

144,655

129,243

107,599

Shareholders' equity, excluding treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

484,192

485,919

492,706

486,279

491,969

475,382

457,379

442,694

503,750

481,374

461,074

440,492

429,238

409,703

392,269

365,083

Treasury stock, at cost; 142,821 shares at 2020 and 2019, respectively

696

696

696

696

696

-

696

696

696

696

696

696

696

696

696

696

696

696

696

696

696

656

656

656

656

656

656

656

656

656

656

656

656

656

656

656

656

656

Total shareholders' (deficit) equity

-16,000

9,504

-14,206

-21,830

-30,605

-20,377

-21,924

-25,604

-35,300

-53,575

-28,051

52,433

53,026

48,491

65,414

144,503

149,918

148,113

165,246

477,530

471,871

467,800

483,536

485,263

492,050

485,623

491,313

474,726

456,723

442,038

503,094

480,718

460,418

439,836

428,582

409,047

391,613

364,427

Total liabilities and shareholders' (deficit) equity

869,187

842,253

801,412

780,835

752,034

791,132

703,010

675,629

664,359

644,283

640,423

738,578

736,458

735,279

755,104

841,463

930,470

913,899

973,084

1,264,200

1,258,398

1,259,468

1,302,305

1,288,956

1,278,736

1,285,920

1,214,988

1,196,595

1,199,473

1,186,216

1,237,327

1,187,253

1,155,181

1,126,447

1,126,719

1,088,647

1,062,972

1,061,479