INNERWORKINGS, INC. INWK Balance Sheet

Innerworkings, inc. (INWK)

Balance Sheet / Yearly

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	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
Assets
Current assets:
Cash and cash equivalents
42,711	38,488	33,999	25,851	26,770	27,595	28,266	43,474	30,562	27,682	23,537	29,920	30,924	20,787	31,606	20,929	30,755	12,637	15,565	13,406	22,578	22,153	23,364	21,123	18,606	19,224	14,164	10,609	17,218	9,156	11,971	15,665	13,219	9,577	7,975	5,259
Short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,129	-	-	-
Short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,750	3,651	4,284
Accounts receivable, net of allowance for doubtful accounts of $3,830 and $4,880, respectively
202,406	190,992	188,687	184,359	193,186	188,744	185,222	183,012	205,386	200,799	206,242	184,713	182,464	185,659	188,247	196,251	188,819	191,045	187,162	178,595	179,466	182,497	186,722	183,653	171,832	165,267	148,458	145,033	142,104	152,529	139,259	146,907	124,946	104,954	102,727	85,110
Unbilled revenue
48,396	65,584	60,911	51,166	46,252	59,961	47,906	47,685	50,016	48,645	34,264	33,771	31,516	37,982	29,202	32,457	30,758	36,463	33,264	35,646	31,699	34,225	31,457	28,721	27,483	28,920	27,041	30,191	30,798	33,630	33,512	30,883	28,318	30,965	27,971	24,626
Other receivables
28,194	39,317	-	-	23,727	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
34,977	64,136	51,553	46,927	55,715	57,164	40,781	38,563	40,694	54,174	34,558	36,674	36,448	52,830	43,528	42,350	33,327	40,278	38,007	33,651	27,163	41,256	26,762	25,405	26,473	29,423	16,390	15,310	18,362	14,401	11,787	12,198	14,201	20,050	12,387	9,674
Prepaid expenses
10,680	13,973	15,132	14,245	16,256	21,494	20,584	19,846	18,565	22,018	23,588	23,912	18,459	11,551	11,712	12,524	14,353	14,263	13,072	12,765	12,684	11,152	11,532	11,369	11,746	10,639	16,226	19,830	16,028	14,109	11,288	10,696	11,066	10,727	12,066	9,836
Related party receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	148	133	93
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,082	1,860	1,850	1,819	1,206	1,105	987	1,119	3,059	1,440	1,541	1,513	1,681	1,734	1,463	1,729	1,653	571	307
Other current assets
7,301	13,271	28,707	36,188	10,733	43,005	26,296	33,716	37,865	31,529	20,475	20,302	24,597	31,302	17,738	16,699	31,825	39,031	27,273	25,263	28,819	34,759	30,499	28,815	22,408	23,766	18,735	20,934	21,247	36,286	19,574	24,697	13,875	20,527	8,459	7,283
Total current assets
374,665	425,761	378,989	358,736	372,639	397,963	349,055	366,296	383,088	384,847	342,664	329,292	324,408	340,111	322,033	321,210	329,837	335,802	316,208	301,178	304,228	327,251	311,444	300,077	279,671	280,302	242,457	243,450	247,272	262,158	229,922	243,402	208,487	200,355	175,943	146,475
Property and equipment, net
37,224	36,714	36,466	35,952	82,933	79,320	68,028	37,207	36,714	37,212	36,030	34,000	32,656	32,279	33,089	33,208	32,681	33,173	32,933	30,585	29,764	29,475	28,938	28,152	23,724	20,763	19,516	18,327	17,078	14,531	13,707	12,168	12,086	10,501	10,613	9,887
Intangibles and other assets:
Goodwill
152,210	152,191	152,203	152,181	152,158	170,652	199,135	200,743	199,946	206,704	205,399	203,269	202,700	204,978	204,897	206,069	206,257	244,845	245,103	243,919	246,948	248,824	251,862	251,310	251,228	250,863	260,714	250,025	212,796	211,191	202,761	199,257	205,282	131,293	119,841	93,476
Intangible assets, net
7,714	8,230	8,774	9,301	9,828	10,405	25,068	26,641	27,563	28,745	29,699	30,452	31,538	33,476	34,831	36,577	37,715	39,687	41,206	42,320	44,920	50,097	52,964	54,756	56,575	57,100	39,367	38,186	36,396	36,594	36,918	37,268	26,565	27,206	26,213	23,058
Right of use assets, net
51,159	51,726	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
2,182	-	-	-	1,195	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total right of use assets, net
-	-	50,460	39,391	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	691	1,432	1,281	1,440	1,031	1,123	882	788	586	-	-	-	3,904	-	-	-	2,319	-	-	-	-	-	-	-	-	-	-	-
Deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	405	416	-
Deferred income taxes
-	1,112	1,091	1,073	-	931	1,084	947	-	-	-	-	-	-	-	-	-	4,442	4,442	4,245	-	2,396	2,396	-	-	-	-	-	-	-	-	-	4,246	6,236	6,346	5,899
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,396	-	-	-	-	413	-	-	-	-	-	-	-
Other non-current assets
4,129	4,333	3,613	3,486	2,976	2,512	2,047	2,139	1,636	1,592	1,547	1,633	1,654	1,426	1,415	1,469	1,391	2,717	1,782	1,779	1,487	1,546	982	1,030	1,147	-	-	289,630	822	251,525	244,457	241,032	984	468	519	1,127
Total intangibles and other assets
217,394	217,592	216,141	205,432	166,157	184,500	227,334	230,470	229,836	238,473	237,926	236,794	236,923	241,003	242,025	244,903	245,949	291,692	292,535	292,264	297,259	302,864	308,206	-	311,270	-	-	-	-	-	-	-	-	-	-	-
Total Other Assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	309,493	-	-	-	-	250,428	-	-	-	237,078	165,611	153,337	123,561
Total assets
629,283	680,067	631,596	600,120	621,729	661,783	644,417	633,973	649,638	660,532	616,620	600,086	593,987	613,393	597,148	599,321	608,467	660,668	641,678	624,028	631,251	659,592	648,589	637,723	614,666	610,065	562,754	551,407	514,780	528,214	488,087	496,603	457,653	376,467	339,894	279,924
Liabilities and stockholders' equity
Current liabilities:
Accounts payable
142,136	169,173	-	-	158,028	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-	-	140,492	149,813	-	161,389	122,452	120,260	141,164	130,406	126,382	114,616	123,012	129,869	139,914	129,894	170,244	148,515	150,017	140,194	144,045	165,800	173,413	170,098	169,243	143,548	117,764	126,805	122,367	125,889	100,268	120,157	102,290	96,358	72,553	55,604
Related party payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	1,148	166
Current portion of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,232	-	-	1,462
Current maturities of capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	9	-
Due to seller
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	402	1,636	7,455	839	402	402	8,513	4,505	0	1,194	685	943	3,000	0	0	1,532	7,554	10,077	5,100	560
Accrued expenses
50,975	44,096	37,446	31,339	35,698	35,539	34,386	40,081	34,391	32,889	27,409	32,422	29,755	20,788	16,096	23,939	17,866	10,886	9,711	10,762	9,990	16,257	11,915	17,202	17,117	11,106	9,467	9,258	14,890	12,076	12,148	15,050	17,324	21,702	19,139	6,791
Deferred revenue
-	-	-	20,945	-	17,725	20,022	31,524	17,620	15,709	15,392	16,885	16,402	13,409	15,180	14,589	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
9,568	18,526	21,532	-	17,614	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of contingent consideration
-	-	-	-	-	-	-	-	-	0	0	17,165	19,283	19,320	3,862	11,131	11,387	11,007	4,677	10,833	9,078	20,160	22,025	24,334	16,718	24,876	29,241	26,678	7,795	16,923	15,396	16,199	-	-	-	-
Line of credit - current
-	-	157,675	138,923	-	12,979	136,538	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	451	502	-
Other current liabilities
35,665	32,325	34,877	31,493	28,190	21,535	22,770	24,073	24,078	30,416	25,210	24,359	22,576	25,760	24,200	24,401	31,363	36,349	31,541	27,952	30,637	29,177	29,803	20,298	15,818	12,490	7,987	6,115	6,793	7,086	9,587	7,633	6,979	5,000	4,850	4,354
Contingent consideration, net of current portion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	67,769	-	-	3,395
Total current liabilities
246,437	274,955	392,022	372,513	382,266	249,167	336,168	215,938	217,253	209,420	212,235	206,540	211,028	210,829	207,779	207,558	231,262	208,395	203,403	190,583	194,152	231,799	245,671	236,439	218,898	366,287	313,696	307,632	271,828	314,204	284,865	303,588	276,151	133,594	103,303	68,938
Lease liabilities
46,075	47,094	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease, Non-Current Liability
-	-	46,615	35,044	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Line of credit - non-current
-	-	-	-	-	138,447	0	118,886	128,398	149,184	118,658	113,691	107,468	133,734	111,566	118,615	99,258	128,027	111,934	110,118	104,539	103,500	89,000	85,000	69,000	91,500	78,300	70,500	65,000	74,000	73,000	71,400	60,000	53,200	53,900	47,400
Deferred income taxes
8,053	8,257	-	-	7,605	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent consideration, net of current portion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,775	13,255	18,982	20,556	23,504	49,087	49,997	-	70,613	-	-	-	-	-	-	-	-	-	-	-
Contingent consideration, net of current portion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	57,185	-	64,212	63,083	60,712	46,702	69,546	66,107	63,411	-	-	-	-
Financing obligation - build-to-suit leases
-	-	-	-	-	42,900	31,147	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	-
Deferred income taxes
-	-	8,295	8,268	-	12,143	12,236	12,208	12,043	9,839	9,876	9,818	10,766	10,622	11,060	9,652	10,526	9,917	10,067	10,056	9,967	10,358	8,836	9,027	9,061	15,989	5,760	5,117	3,961	7,301	7,002	6,833	0	-	-	-
Other long-term liabilities
1,138	2,486	1,995	1,986	50,903	7,230	7,075	7,287	7,399	2,595	2,625	2,697	2,564	2,591	2,995	3,129	2,510	2,882	3,356	3,146	2,942	3,051	2,599	2,857	1,651	-	-	-	1,317	-	-	-	-	16,834	14,365	7
Total liabilities
451,031	499,612	448,927	417,811	440,774	449,887	386,626	354,319	365,093	371,038	343,394	332,746	331,826	357,776	348,100	348,142	354,331	362,478	347,745	334,460	335,104	397,796	396,105	390,510	369,225	193,216	165,145	169,801	154,847	161,976	137,401	160,573	148,381	203,629	171,571	119,740
Commitments and contingencies
-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stockholders' equity:
Common stock, par value $0.0001 per share, 200,000 and 200,000 shares authorized, 64,820 and 64,495 shares issued, 52,133 and 51,807 shares outstanding, respectively
6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	5	5	4	0	0	0
Additional paid-in capital
245,311	243,706	242,010	240,734	239,960	238,385	237,634	236,664	235,199	232,979	230,030	228,106	224,480	219,085	216,540	215,723	213,566	212,675	211,536	209,653	207,429	206,118	204,431	203,208	202,042	-201,158	-203,233	-201,550	198,117	-195,558	-190,769	-185,458	179,688	178,134	176,821	174,537
Treasury stock at cost, 12,688 and 12,688 shares, respectively
81,471	81,471	81,471	81,471	81,471	81,471	81,471	64,544	55,873	54,938	59,224	54,949	49,458	51,724	51,724	52,207	52,207	54,269	54,269	53,496	49,996	49,996	59,321	62,312	62,312	62,312	64,824	64,962	67,071	67,071	68,345	70,479	71,241	73,931	74,307	74,307
Accumulated other comprehensive loss
-22,449	-	-	-	-24,311	-	-	-	-19,229	-12,922	-15,090	-18,970	-20,949	-15,668	-15,467	-14,077	-13,993	-11,610	-9,744	-11,843	-5,401	-987	3,600	3,092	2,777	1,528	-1,843	-1,644	272	177	-243	700	268	1,163	2,298	2,934
Accumulated other comprehensive loss
-	-25,045	-23,309	-23,562	-	-23,180	-21,472	-15,865	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained earnings
36,855	43,259	45,433	46,602	46,771	78,156	123,094	123,393	124,442	124,369	117,504	113,147	108,082	103,918	99,693	101,734	106,764	151,388	146,405	145,247	144,109	106,655	103,767	103,217	102,928	103,396	112,485	108,825	111,626	85,338	81,035	77,329	72,782	67,471	63,509	57,018
Total stockholders' equity
178,252	180,455	182,669	182,309	180,955	211,896	257,791	279,654	284,545	289,494	273,226	267,340	262,161	255,617	249,048	251,179	254,136	298,190	293,932	289,568	296,147	261,795	252,484	247,213	245,441	243,778	249,058	243,774	242,952	214,009	203,221	193,014	181,501	172,838	168,322	160,184
Total liabilities and stockholders' equity
629,283	680,067	631,596	600,120	621,729	661,783	644,417	633,973	649,638	660,532	616,620	600,086	593,987	613,393	597,148	599,321	608,467	660,668	641,678	624,028	631,251	659,592	648,589	637,723	614,666	610,065	562,754	551,407	514,780	528,214	488,087	496,603	457,653	376,467	339,894	279,924
Term Loan Facility
Line of credit - current
7,500	6,250	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Line of credit - non-current
89,242	89,991	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-