Healthstream inc (HSTM)
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'11Dec'10
ASSETS
Current assets:
Cash and cash equivalents

107,425

131,538

133,914

120,849

110,610

134,321

130,283

122,577

156,028

84,768

60,460

54,551

53,034

49,634

39,820

66,803

82,793

82,010

67,441

54,493

34,764

81,995

64,927

60,862

59,045

59,537

55,103

54,651

43,888

41,365

23,703

27,341

24,268

76,904

30,236

24,447

17,868

Marketable securities

34,585

41,328

38,724

40,737

36,322

34,497

44,025

42,958

39,346

46,350

62,943

61,142

62,265

53,540

60,747

72,006

67,690

66,976

77,367

85,408

29,611

38,973

51,495

50,901

42,952

48,659

49,592

46,777

51,711

51,952

72,232

64,547

61,284

6,552

0

2,011

5,703

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

1

-

Interest receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

48

-

Accounts receivable, net of allowance for doubtful accounts of $1,004 and $843 at March 31, 2020 and December 31, 2019, respectively

32,301

27,650

25,921

27,800

37,432

38,124

28,835

30,850

36,503

36,691

38,379

37,149

39,267

44,805

46,166

42,014

32,389

36,348

33,124

33,405

35,789

33,167

28,177

29,785

32,073

25,314

22,741

21,778

22,777

15,348

15,766

18,545

16,324

16,014

13,141

12,594

11,069

Accounts receivable - unbilled

2,454

2,726

2,333

2,036

3,156

2,880

2,597

2,842

2,958

1,327

1,746

2,684

2,890

2,581

2,296

2,119

1,416

1,998

2,054

1,512

1,242

1,678

1,938

2,097

1,427

1,392

1,219

776

1,195

1,163

1,224

1,236

1,046

1,316

1,117

1,202

1,314

Prepaid royalties, net of amortization

15,100

11,898

11,875

11,970

16,416

13,596

14,205

13,874

17,702

16,137

17,221

16,954

18,613

18,183

16,466

13,242

15,063

14,036

13,976

15,607

14,975

13,030

12,832

12,698

11,523

8,857

8,248

2,237

2,086

3,738

1,841

1,898

1,859

3,409

1,913

2,059

3,145

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,063

1,932

2,575

-

-

-

-

-

549

549

1,180

2,459

1,013

2,634

4,140

5,080

3,437

3,436

3,437

Other prepaid expenses and other current assets

8,791

9,432

10,200

11,089

19,806

18,016

10,714

11,965

5,962

8,330

8,526

9,306

7,965

8,694

7,584

8,312

6,371

8,169

6,649

6,511

5,780

5,768

3,566

4,038

3,231

3,365

3,196

3,007

2,496

2,266

2,163

2,572

1,980

1,804

1,844

1,799

1,735

Current assets of discontinued operations

-

-

-

-

-

-

-

-

-

6,125

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current assets

200,656

224,572

222,967

214,481

223,742

241,434

230,659

225,066

258,499

199,728

189,275

181,786

184,034

177,437

173,079

204,496

205,722

209,537

201,674

198,868

124,736

174,611

162,935

160,381

150,251

147,124

140,648

129,775

125,333

118,291

117,942

118,773

110,901

111,079

51,703

47,602

44,271

Equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,286

29,051

27,563

-

23,850

23,393

22,163

21,631

20,193

19,241

18,796

18,108

17,480

16,981

16,472

16,362

16,088

14,958

14,348

Leasehold improvements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,301

5,983

5,877

-

5,856

5,810

5,806

5,521

5,161

5,077

5,058

5,050

4,997

4,616

4,193

4,170

4,048

3,713

2,738

Furniture and fixtures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,135

4,730

4,621

-

4,341

4,223

4,138

3,854

3,622

3,452

3,396

3,368

3,195

2,932

2,642

2,545

2,384

2,096

2,027

Property and equipment, gross

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41,722

39,764

38,061

-

34,047

33,426

32,107

31,006

28,976

27,770

27,250

26,526

25,672

24,529

23,307

23,077

22,520

20,768

19,113

Less accumulated depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29,875

28,482

27,238

-

25,040

23,958

22,918

21,968

21,106

20,279

19,466

18,706

18,275

17,670

17,078

16,990

16,386

15,857

15,288

Property and equipment, net of accumulated depreciation of $21,155 and $19,291 at March 31, 2020 and December 31, 2019, respectively

24,425

26,065

26,931

28,544

23,708

15,866

8,683

8,770

8,297

8,092

9,923

10,263

10,494

10,245

10,403

11,138

12,170

12,471

11,847

11,282

10,823

9,442

9,007

9,468

9,189

9,038

7,870

7,491

7,784

7,820

7,397

6,859

6,229

6,087

6,134

4,911

3,825

Marketable securities - long-term

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

6,002

5,996

-

-

0

Capitalized software development, net of accumulated amortization of $60,752 and $57,768 at March 31, 2020 and December 31, 2019, respectively

22,209

21,445

20,701

20,764

20,425

18,352

16,770

16,300

16,130

16,014

18,685

18,346

17,652

16,310

15,749

14,716

14,074

13,955

13,768

13,634

13,456

12,706

12,303

12,014

11,783

11,077

10,584

10,391

10,182

9,732

9,061

8,644

8,302

7,940

7,746

7,843

4,333

Operating lease right of use assets, net

29,135

29,615

30,134

30,774

31,710

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

123,283

102,196

97,538

97,300

95,252

86,144

86,144

86,144

86,144

86,144

110,298

109,765

109,765

109,765

109,796

88,628

85,253

83,073

84,000

83,990

88,766

41,914

42,654

43,233

42,749

35,746

34,044

29,432

29,432

29,299

24,110

24,110

21,147

21,147

21,147

21,146

21,147

Intangible assets, net

-

-

-

-

-

59,378

-

-

-

68,497

-

-

75,963

78,364

80,771

54,266

54,366

55,966

58,018

59,603

56,593

14,795

15,450

15,342

15,992

8,870

10,831

8,039

8,370

8,805

2,723

3,271

1,739

1,957

2,175

2,392

2,844

Deferred tax assets

269

269

251

251

257

145

-

-

-

45

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,445

3,274

5,347

Deferred commissions

17,088

17,645

15,725

15,534

15,731

16,470

13,474

12,962

12,378

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-marketable equity investments

4,329

6,782

6,805

6,786

6,772

3,376

3,359

3,777

3,779

3,772

3,771

3,271

3,271

3,276

3,289

3,564

3,596

3,640

3,658

2,756

2,753

1,757

-

-

-

497

-

-

-

-

-

-

-

-

-

-

-

Other assets

792

874

982

1,224

848

783

761

747

5,746

754

699

773

645

603

964

375

612

927

1,752

1,217

2,315

2,037

984

961

995

242

824

758

555

581

625

501

31

31

85

137

244

Long-term assets of discontinued operations

-

-

-

-

-

-

-

-

-

28,073

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

481,511

489,544

480,197

476,451

483,500

441,948

421,500

417,688

457,183

411,119

403,840

397,775

401,824

396,000

394,051

377,183

375,793

379,569

374,717

371,350

299,442

257,262

243,333

241,399

230,959

212,594

204,801

185,886

181,656

174,528

161,858

162,158

154,351

154,237

91,435

87,308

82,011

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses

16,366

22,938

19,930

18,121

19,281

-

20,135

22,021

24,519

-

15,235

14,552

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued dividends

-

-

-

-

-

-

-

-

32,518

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-

-

-

-

-

8,497

-

-

-

4,178

-

-

3,837

3,127

3,675

1,742

1,385

4,616

2,251

3,049

1,904

4,753

799

1,319

2,914

2,311

1,848

1,605

1,286

1,057

555

1,197

1,426

2,585

1,302

727

2,375

Accrued royalties

13,738

16,736

15,204

13,462

19,099

15,756

15,223

10,552

13,356

12,849

12,997

11,210

12,137

13,161

13,885

8,134

9,821

9,053

8,004

7,480

8,481

9,255

6,622

11,157

10,907

8,435

8,074

-

-

5,037

-

-

-

-

-

-

-

Accrued liabilities

-

-

-

-

-

16,540

-

-

-

9,567

-

-

7,656

8,146

10,623

10,960

8,731

7,003

7,672

9,658

9,728

7,224

11,762

9,338

6,948

5,684

7,551

8,530

8,587

4,671

5,911

5,877

3,904

5,492

4,123

3,879

4,125

Deferred revenue

72,370

65,511

64,565

66,730

72,602

66,061

62,151

64,126

69,238

64,938

66,509

67,133

72,306

68,542

65,029

58,971

62,038

65,098

64,931

64,945

66,531

53,716

53,303

51,595

47,478

38,168

35,326

28,541

28,432

23,146

23,899

25,743

24,233

22,759

20,488

19,913

16,740

Accrued compensation and related expenses

-

-

-

-

-

-

-

-

-

2,762

-

-

2,192

1,994

2,028

1,935

1,659

3,308

2,615

1,831

1,660

2,311

1,727

1,456

1,291

1,614

1,548

1,322

990

1,121

740

719

672

1,612

1,499

1,225

1,506

Deferred tax liabilities, current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

224

181

181

-

-

-

-

-

-

-

-

-

-

-

-

Current liabilities of discontinued operations

-

-

-

-

-

-

-

-

-

6,772

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2

-

Total current liabilities

102,474

105,185

99,699

98,313

110,982

106,854

97,509

96,699

139,631

101,066

94,741

92,895

98,128

94,970

95,240

81,742

83,634

89,078

85,473

86,963

88,304

77,259

74,437

75,046

69,719

56,212

54,347

39,998

39,295

35,032

31,105

33,536

30,235

32,448

27,412

25,747

24,746

Debt, noncurrent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liabilities

11,565

13,183

12,872

13,136

11,503

11,068

5,082

5,171

4,833

-

4,871

4,446

4,556

5,968

4,909

6,295

4,763

4,763

5,829

5,654

5,547

5,838

5,437

6,173

6,173

6,173

6,555

6,474

6,474

6,474

918

1,023

323

323

-

-

0

Deferred revenue, noncurrent

1,591

1,918

2,052

2,669

2,868

2,868

2,333

2,978

3,005

6,287

7,074

6,471

7,790

7,859

6,735

4,002

4,192

4,350

3,893

4,232

3,855

3,657

1,507

2,408

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liability, noncurrent

30,108

30,733

31,338

32,046

32,390

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

357

357

343

616

616

2,211

882

652

670

1,048

1,497

1,339

1,590

1,095

778

1,069

1,060

1,058

766

2,598

2,691

2,649

710

615

750

776

643

675

708

826

858

989

620

551

458

476

474

Long-term liabilities of discontinued operations

-

-

-

-

-

-

-

-

-

2,548

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

Shareholders’ equity:
Common stock, no par value, 75,000 shares authorized; 32,003 and 32,379 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

280,322

290,021

289,424

288,900

286,785

286,597

286,128

285,673

285,065

282,666

282,083

281,570

280,986

280,813

280,759

279,595

279,066

278,799

279,023

274,816

175,369

174,926

170,940

170,279

169,816

166,888

162,469

160,254

159,072

158,020

156,612

156,247

155,247

154,409

98,844

98,160

97,227

Retained earnings

55,235

48,143

44,460

40,748

38,347

32,373

29,583

26,548

24,002

17,542

13,594

11,090

8,823

5,346

5,657

4,494

3,092

1,591

-220

-2,835

-4,308

-7,030

-9,677

-13,113

-15,476

-17,424

-19,184

-21,480

-23,901

-25,842

-27,663

-29,640

-32,067

-33,487

-35,279

-37,075

-40,431

Accumulated other comprehensive (loss) income

-141

4

9

23

9

-23

-17

-33

-23

-38

-20

-36

-49

-51

-27

-14

-14

-70

-47

-78

-16

-37

-21

-9

-23

-31

-29

-35

8

18

28

3

-7

-7

0

-1

-5

Total shareholders’ equity

335,416

338,168

333,893

329,671

325,141

318,947

315,694

312,188

309,044

300,170

295,657

292,624

289,760

286,108

286,389

284,075

282,144

280,320

278,756

271,903

171,045

167,859

161,242

157,157

154,317

149,433

143,256

138,739

135,179

132,196

128,977

126,610

123,173

120,915

63,565

61,084

56,791

Total liabilities and shareholders’ equity

481,511

489,544

480,197

476,451

483,500

441,948

421,500

417,688

457,183

411,119

403,840

397,775

401,824

396,000

394,051

377,183

375,793

379,569

374,717

371,350

299,442

257,262

243,333

241,399

230,959

212,594

204,801

185,886

181,656

174,528

161,858

162,158

154,351

154,237

91,435

87,308

82,011

Customer-Related Intangible Assets [Member]
Intangible assets, net

50,904

52,554

52,099

53,437

57,263

53,469

55,022

56,575

58,128

59,681

61,580

63,202

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Intangible Assets [Member]
Intangible assets, net

8,421

7,527

6,064

7,356

7,792

5,909

6,628

7,347

8,082

8,816

9,609

10,369

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-