Inseego corp. (INSG)
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'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Current assets:
Cash and cash equivalents

30,541

12,074

13,945

20,268

31,878

31,015

31,547

18,836

16,112

21,198

19,587

8,855

6,385

9,894

17,165

18,541

8,261

12,570

10,219

17,913

9,370

17,853

8,925

11,827

2,911

18,138

24,863

18,272

16,044

16,341

15,197

21,780

47,069

21,927

32,013

17,375

Restricted cash

-

-

0

61

61

61

61

61

61

61

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

411

2,511

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

661

-

-

-

-

-

-

-

-

Marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,503

15,040

16,612

21,991

21,203

25,834

38,064

39,958

36,391

30,816

28,267

33,391

26,112

59,775

Restricted marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

298

2,566

2,441

1,583

4,161

0

-

-

-

-

-

-

-

Accounts receivable, net of allowance for doubtful accounts of $1,578 and $2,133, respectively

27,788

19,656

21,533

19,607

23,684

20,633

27,418

23,418

18,862

15,674

21,009

26,886

30,633

22,203

27,497

35,515

34,813

35,263

34,145

33,418

33,696

24,213

25,636

30,028

39,985

47,542

39,582

43,521

42,652

40,270

48,033

49,796

36,849

54,221

41,523

63,570

Short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,100

1,267

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories, net

14,259

25,290

25,960

29,392

33,288

26,431

13,747

12,937

15,025

20,403

20,964

24,041

29,389

31,142

39,970

34,261

48,335

55,837

40,197

39,608

46,320

37,803

26,022

25,129

27,793

27,025

28,897

30,190

39,016

36,527

39,565

43,275

42,279

49,149

50,145

43,094

Deferred tax assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

100

100

-

70

126

126

126

2,005

2,005

2,012

2,011

214

225

218

Prepaid expenses and other

7,252

7,117

10,358

7,308

5,889

6,212

6,619

6,165

5,560

9,101

10,680

8,811

9,028

5,208

12,390

5,942

7,141

6,039

9,297

7,958

7,519

7,912

3,094

2,792

5,762

7,342

5,443

4,780

4,829

4,782

5,835

5,442

3,712

3,682

4,159

6,961

Total current assets

79,840

64,137

71,796

76,636

94,800

84,352

79,392

61,417

55,620

66,437

72,651

71,104

75,435

68,447

97,022

94,259

99,650

110,976

93,858

187,387

96,905

87,781

77,280

85,214

95,629

124,549

121,697

127,545

140,731

139,883

147,026

153,121

160,187

162,584

154,177

190,993

Property, plant and equipment, net of accumulated depreciation of $15,795 and $16,017, respectively

11,543

10,756

7,469

9,224

6,976

6,698

5,832

6,031

6,856

6,991

6,899

7,957

8,300

8,392

7,820

7,686

8,543

8,812

3,869

4,340

5,061

5,279

7,199

8,246

9,901

11,895

13,392

14,236

15,229

14,939

16,886

17,259

18,496

19,900

19,905

21,281

Rental assets, net of accumulated depreciation of $11,925 and $12,791, respectively

4,772

5,385

5,033

5,232

5,404

5,769

5,957

6,300

7,602

7,563

6,816

6,927

6,569

7,003

6,582

6,626

6,318

6,155

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

720

3,443

5,316

11,586

9,862

1,201

6,174

10,820

16,641

13,495

9,101

17,090

20,676

Intangible assets, net of accumulated amortization of $39,991 and $33,223, respectively

43,049

44,392

39,852

36,760

34,026

31,985

33,400

33,510

38,568

38,671

37,617

39,593

40,055

40,283

41,007

42,508

43,383

43,089

18,945

21,068

21,817

1,493

1,626

1,879

2,131

2,383

2,635

2,887

3,163

3,091

10,896

11,460

35,702

37,251

40,367

44,265

Acquisition-related escrow

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

77,957

88,490

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

27,276

33,659

31,477

33,584

32,776

32,942

33,459

34,358

39,279

37,681

34,846

35,853

35,039

34,428

33,117

31,119

30,947

29,520

3,194

1,704

1,776

0

-

-

-

-

-

-

-

0

13,225

13,225

19,772

19,535

22,258

22,258

Right-of-use assets, net

6,500

2,657

2,300

2,700

3,110

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

81

81

-

70

468

534

584

843

937

1,024

1,023

2,142

2,144

2,103

Other assets

385

387

743

509

510

510

869

870

871

864

72

71

162

163

36

771

21

201

201

201

434

467

677

731

361

280

618

619

623

672

631

639

504

713

710

532

Total assets

173,341

161,373

158,693

164,654

177,602

162,256

158,909

142,486

148,796

158,207

158,901

161,505

165,560

158,716

185,584

182,969

188,862

198,753

198,024

214,700

125,993

95,020

86,863

96,871

111,465

144,493

150,396

155,683

161,531

165,602

200,421

213,369

249,179

251,226

256,651

302,108

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities:
Accounts payable

27,550

26,482

28,845

35,856

42,732

39,245

31,580

29,270

20,349

29,332

30,806

38,237

44,953

31,242

32,397

19,905

25,851

35,286

28,057

26,992

38,545

34,540

26,893

23,187

24,538

46,509

48,636

43,207

45,732

38,948

43,168

51,578

54,030

54,032

57,357

77,769

Accrued Liabilities, Current

17,618

17,861

16,596

14,088

17,420

13,024

16,407

35,397

36,135

27,558

32,501

30,638

36,085

27,897

37,091

35,368

32,462

25,613

24,483

30,419

31,996

23,844

23,086

21,141

23,271

27,960

27,593

28,234

27,800

25,188

25,375

27,956

25,044

27,618

25,479

26,050

Convertible senior notes, net

-

-

99,264

97,194

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Term loan, net

46,911

0

46,165

45,792

-

-

-

-

-

-

-

17,935

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of shareholder litigation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,326

4,326

4,326

-

-

-

0

-

-

-

-

-

-

-

DigiCore bank facilities

122

187

197

1,046

1,242

1,412

1,583

2,505

3,060

3,075

2,952

3,203

3,251

3,238

2,702

3,541

3,305

3,313

-

-

-

0

0

298

2,566

2,441

1,583

4,822

0

-

-

-

-

-

-

-

Total current liabilities

92,201

44,530

191,067

193,976

61,394

53,681

49,570

67,172

59,544

59,965

66,259

90,013

84,289

62,377

72,190

58,814

61,618

64,212

52,540

57,411

70,541

58,384

54,305

48,952

54,701

76,910

77,812

76,263

73,532

64,136

68,543

79,534

79,074

81,650

82,836

103,819

Long-term liabilities:
Convertible senior notes, net

44,200

101,300

0

0

95,124

93,054

90,983

88,913

86,843

84,773

82,703

92,031

89,656

90,908

88,796

86,684

84,573

82,461

80,350

78,238

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Term loan, net

0

46,538

0

0

45,419

45,046

44,673

44,801

44,428

44,055

43,682

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liabilities, net

2,976

3,949

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

2,750

-

0

0

3,400

0

0

0

7,158

5,158

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Deferred Tax Liabilities, Net

-

-

4,208

4,559

4,390

4,457

4,524

4,673

5,520

5,261

4,449

4,620

4,549

4,439

3,453

3,267

3,563

3,475

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital lease obligations, long-term

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

55

Other long-term liabilities

6,131

2,380

1,738

3,447

3,871

2,543

2,479

1,570

1,697

9,768

10,688

9,943

10,548

18,719

13,386

13,079

13,792

18,142

15,851

15,857

16,105

932

1,784

1,723

1,848

1,932

2,557

2,454

2,552

3,759

3,866

4,084

4,080

2,275

12,528

12,831

Non-current portion of shareholder litigation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,000

10,000

10,000

-

-

-

0

-

-

-

-

-

-

-

Total liabilities

145,538

198,731

197,013

201,982

210,198

198,781

192,229

207,129

198,032

203,822

207,781

196,607

191,792

176,443

177,825

161,844

166,946

168,290

148,741

151,506

93,804

64,474

66,089

60,675

66,549

78,842

80,369

78,717

76,084

67,895

72,409

83,618

83,154

83,925

95,364

116,705

Commitments and Contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

-

-

0

-

-

-

-

-

-

-

-

-

-

0

Stockholders’ equity (deficit):
Series E Preferred stock, par value $0.001; 39,500 and 10,000 shares designated, respectively, 37,330 and 10,000 shares issued and outstanding, respectively, liquidation preference of $1,000 per share (plus any accrued but unpaid dividends)

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

0

0

0

0

0

0

Common stock, par value $0.001; 150,000,000 shares authorized, 96,179,991 and 81,974,051 shares issued and outstanding, respectively

96

82

80

79

79

74

73

60

59

59

58

56

56

54

54

54

53

53

53

50

50

46

34

34

34

34

34

34

34

33

33

32

32

32

32

32

Additional paid-in capital

682,047

584,862

574,485

562,405

558,208

546,230

544,303

522,033

520,793

519,531

518,338

515,099

514,157

507,616

506,141

504,990

503,395

502,337

498,288

491,355

451,130

466,665

443,621

441,628

441,368

440,812

440,109

439,121

438,477

435,804

434,203

431,436

429,813

427,710

426,134

424,270

Accumulated other comprehensive loss

-17,359

-3,879

-7,789

-3,670

-5,460

-4,877

-3,985

-2,188

7,781

4,604

-1,361

1,863

-362

-1,409

-1,868

-5,912

-6,229

-8,507

-

-

-

0

6

6

5

-10

-24

11

14

36

9

16

-8

-33

27

21

Accumulated deficit

-636,893

-618,303

-605,018

-596,081

-585,302

-577,817

-573,626

-584,469

-577,809

-569,759

-565,937

-552,148

-540,124

-524,024

-496,623

-478,054

-475,353

-463,451

-449,058

-428,211

-418,991

-411,165

-397,887

-380,472

-371,491

-350,185

-345,092

-337,200

-328,078

-313,166

-281,233

-276,733

-238,812

-235,408

-239,906

-213,920

Total stockholders equity before treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49,283

63,194

32,189

-

45,774

61,196

69,916

90,651

95,027

101,966

110,447

122,707

153,012

154,751

191,025

192,301

186,287

210,403

Treasury stock at cost; 0 common shares at December 31, 2015 and 2,436 common shares at December 31, 2014

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

25,000

25,000

25,000

25,000

25,000

25,000

25,000

25,000

25,000

25,000

25,000

25,000

25,000

25,000

25,000

Total stockholders’ equity (deficit) attributable to Inseego Corp.

27,891

-37,238

-38,242

-37,267

-32,475

-36,390

-33,235

-64,564

-49,176

-45,565

-48,902

-35,130

-26,273

-17,763

7,704

21,078

21,866

30,432

49,283

63,194

32,189

30,546

20,774

36,196

44,916

65,651

70,027

76,966

85,447

97,707

128,012

129,751

166,025

167,301

161,287

185,403

Noncontrolling interests

-88

-120

-78

-61

-121

-135

-85

-79

-60

-50

22

28

41

36

55

47

50

31

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total stockholders’ equity (deficit)

27,803

-37,358

-38,320

-37,328

-32,596

-36,525

-33,320

-64,643

-49,236

-45,615

-48,880

-35,102

-26,232

-17,727

7,759

21,125

21,916

30,463

-

-

-

30,546

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and stockholders’ equity (deficit)

173,341

161,373

158,693

164,654

177,602

162,256

158,909

142,486

148,796

158,207

158,901

161,505

165,560

158,716

185,584

182,969

188,862

198,753

198,024

214,700

125,993

95,020

86,863

96,871

111,465

144,493

150,396

155,683

161,531

165,602

200,421

213,369

249,179

251,226

256,651

302,108