HORIZON GLOBAL CORP HZN Balance Sheet

Horizon global corp (HZN)

Balance Sheet / Quarterly

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	Dec'14
Assets
Current assets:
Cash and cash equivalents
38,670	11,770	16,360	16,760	24,960	27,650	27,310	28,890	26,240	29,570	20,470	39,570	30,160	50,240	41,420	31,040	18,710	23,520	28,130	17,050	5,720
Restricted cash
8,740	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables, net
84,900	71,680	93,480	137,660	129,490	95,170	122,250	128,480	112,780	91,770	112,360	121,600	104,780	77,570	73,380	88,540	86,150	63,050	73,440	92,750	63,840
Inventory, Net
119,370	136,650	141,150	177,830	174,360	152,200	161,110	167,530	178,220	171,500	162,660	156,620	155,920	146,020	100,780	107,600	115,600	119,470	113,880	125,750	123,530
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,840	4,840	-
Prepaid expenses and other current assets
8,220	8,570	9,480	9,250	10,850	8,270	11,930	10,710	12,770	10,950	10,200	13,680	13,540	12,160	7,740	6,880	7,300	5,120	6,610	6,520	5,690
Current assets held-for-sale
-	-	0	-	-	36,080	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current assets
259,900	228,670	260,470	341,500	339,660	319,370	322,600	335,610	330,010	303,790	305,690	331,470	304,400	285,990	223,320	234,060	227,760	211,160	226,900	246,910	198,780
Property, Plant and Equipment, Net
74,100	75,830	78,670	97,830	97,660	86,500	105,370	108,430	114,540	113,020	110,830	104,550	99,770	93,760	47,560	46,430	47,540	45,890	46,310	48,870	55,180
Operating lease right-of-use assets
41,870	45,770	56,170	72,220	68,560	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
3,360	4,350	4,200	12,700	12,720	4,500	10,410	37,710	98,030	138,190	145,910	134,380	125,950	120,190	5,360	5,440	4,860	4,410	4,420	5,630	6,580
Intangible Assets, Net (Excluding Goodwill)
57,420	60,120	60,350	71,900	72,750	69,400	81,930	83,770	89,840	90,230	92,780	85,770	84,660	86,720	49,970	51,830	54,700	56,020	57,820	61,400	66,510
Deferred income taxes
450	430	440	2,510	2,160	660	6,900	5,380	-	4,290	-	-	-	9,370	-	-	-	-	-	-	-
Non-current assets held-for-sale
-	-	0	-	-	34,790	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	5,410	-	10,790	9,270	6,870	-	3,700	4,760	2,910	4,500	-	-	2,200
Other assets
8,660	5,870	5,700	6,080	6,640	6,130	9,170	9,640	10,670	11,510	10,810	10,060	15,630	17,340	9,960	10,320	10,060	9,600	11,370	12,890	10,250
Total assets
445,760	421,040	466,000	604,740	600,150	521,350	536,380	580,540	648,500	661,030	676,810	675,500	637,280	613,370	339,870	352,840	347,830	331,580	346,820	375,700	339,500
Liabilities and Shareholders' Equity
Current liabilities:
Short-term borrowings and current maturities, long-term debt
61,220	4,310	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term borrowings and current maturities, long-term debt
-	-	24,270	166,760	15,460	13,860	12,530	10,170	10,300	16,710	9,510	11,720	12,160	22,900	11,740	12,490	10,300	10,130	14,460	17,940	460
Accounts payable
83,380	78,450	79,440	111,800	116,010	102,350	109,390	140,160	136,750	138,730	111,380	121,240	107,200	111,450	72,310	79,760	67,620	78,540	74,670	81,830	81,980
Short-term operating lease liabilities
9,980	9,880	9,850	13,190	15,980	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current liabilities held-for-sale
-	-	0	-	-	28,080	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued Liabilities, Current
50,080	48,850	53,020	71,250	68,770	58,520	57,430	60,850	68,090	53,070	68,060	63,640	59,910	63,780	42,810	40,910	38,140	39,820	38,130	44,380	37,940
Total current liabilities
204,660	141,490	166,580	363,000	216,220	202,810	179,350	211,180	215,140	208,510	188,950	196,600	179,270	198,130	126,860	133,160	116,060	128,490	127,260	144,150	120,380
Gross long-term debt
216,880	236,550	214,930	-	-	382,220	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unamortized debt issuance costs and discount
28,500	31,500	34,200	-	-	31,570	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt
188,380	205,050	180,730	238,780	377,700	350,650	342,260	310,720	297,840	258,880	269,710	269,170	268,750	327,040	178,890	184,280	201,460	178,610	189,280	192,430	300
Deferred income taxes
3,990	4,040	8,280	13,160	14,230	12,620	13,600	13,840	-	14,870	-	-	-	25,730	-	-	-	-	-	-	-
Long-term operating lease liabilities
45,570	48,070	50,890	59,020	52,580	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-current liabilities held-for-sale
-	-	0	-	-	1,740	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	15,570	-	31,730	29,390	26,890	-	680	2,970	2,600	2,910	7,290	9,220	4,640
Other long-term liabilities
15,570	13,790	20,770	19,100	20,060	19,750	19,000	29,720	32,100	38,370	28,790	29,510	30,110	30,410	17,440	18,640	20,950	19,570	19,540	27,900	25,990
Total liabilities
458,170	412,440	427,250	693,060	680,790	587,570	554,210	565,460	560,650	520,630	519,180	524,670	505,020	581,310	323,870	339,050	341,070	329,580	343,370	373,700	151,310
Contingencies (See Note 13)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	-	-	0
Series A preferred stock, $0.01 par: Authorized 100,000,000 shares; Issued and outstanding: 90,667 at March 31, 2019; none at December 31, 2018
-	-	-	-	5,340	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series A preferred stock, $0.01 par: Authorized 100,000,000 shares; Issued and outstanding: 90,667 at March 31, 2019; none at December 31, 2018
-	-	-	-	5,340	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shareholders' equity:
Preferred stock, $0.01 par: Authorized 100,000,000 shares; Issued and outstanding: None
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: Authorized 400,000,000 shares; 26,115,238 shares issued and 25,428,732 outstanding at March 31, 2020, and 26,073,894 shares issued and 25,387,388 outstanding at December 31, 2019
250	250	250	250	250	250	250	250	250	250	250	250	250	210	180	180	180	180	180	180	0
Common stock warrants exercisable for 6,487,674 shares issued and outstanding at March 31, 2020 and December 31, 2019
10,610	10,610	10,720	10,720	5,380	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Paid-in capital
163,600	163,240	162,760	161,920	161,330	160,990	160,960	160,490	160,010	159,830	158,270	157,330	156,420	54,800	3,910	2,870	1,860	1,260	480	-	0
Treasury stock, at cost: 686,506 shares at March 31, 2020 and December 31, 2019
10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	8,360	-	0	-	-	-	-	-	-	-
Parent company investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	180,800
Accumulated deficit
-158,710	-141,970	-110,390	-255,900	-247,820	-222,720	-175,960	-142,300	-75,370	-18,760	2,980	-3,910	-24,170	-14,310	7,940	7,570	280	-1,910	-180	-6,530	0
Accumulated other comprehensive loss
-14,130	-9,790	-11,250	7,770	7,900	7,760	9,200	8,680	14,690	10,570	7,330	6,400	360	-8,340	3,970	3,170	4,440	2,470	2,970	8,350	7,390
Total Horizon Global shareholders' (deficit) equity
-8,380	12,340	42,090	-85,240	-82,960	-63,720	-15,550	17,120	89,580	141,890	158,830	151,710	132,860	32,360	16,000	13,790	6,760	2,000	3,450	2,000	188,190
Noncontrolling interest
-4,030	-3,740	-3,340	-3,080	-3,020	-2,500	-2,280	-2,040	-1,730	-1,490	-1,200	-880	-600	-300	-	-	-	0	-	-	-
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
-12,410	8,600	38,750	-88,320	-85,980	-66,220	-17,830	15,080	87,850	140,400	157,630	150,830	132,260	32,060	-	-	-	2,000	-	-	-
Total liabilities and shareholders' equity
445,760	421,040	466,000	604,740	600,150	521,350	536,380	580,540	648,500	661,030	676,810	675,500	637,280	613,370	339,870	352,840	347,830	331,580	346,820	375,700	339,500