Lifeway foods, inc. (LWAY)
Balance Sheet / Yearly
Dec'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'11Mar'11Dec'10Sep'10Jun'10
ASSETS
Current assets
Cash and cash equivalents

3,836

5,512

3,022

2,524

2,998

2,726

3,632

3,722

4,978

7,264

9,349

9,808

8,812

9,164

6,064

3,786

5,646

5,010

5,873

3,824

3,260

2,795

2,869

2,474

3,306

1,240

4,939

2,739

2,286

2,379

2,000

1,156

1,115

860

1,398

2,075

3,229

849

858

Investments, at fair value

-

-

-

-

-

500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net of allowance for doubtful accounts and discounts & allowances of $1,100 and $1,220 at December 31, 2019 and 2018, respectively

6,692

6,572

7,570

7,374

6,276

8,073

8,590

8,189

8,676

10,408

10,388

12,170

9,594

10,426

10,388

10,187

9,886

10,753

10,349

10,218

10,214

11,803

9,538

10,794

10,444

11,313

9,911

11,915

8,723

10,002

9,486

8,484

7,950

9,362

8,891

8,346

6,793

7,795

7,780

Investments, at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,638

2,484

2,091

2,512

2,849

3,038

2,779

3,057

2,986

2,790

2,516

2,506

2,483

2,062

1,869

2,032

1,867

1,723

1,695

1,814

1,172

1,314

1,079

3,488

3,411

Certificates of deposits in financial institutions

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

150

513

534

434

134

150

0

0

-

15

115

115

250

450

450

300

300

300

300

300

250

250

450

550

Inventories, net

6,392

6,758

6,843

6,514

5,817

6,837

7,183

7,515

7,697

8,050

8,097

7,630

8,042

9,186

9,312

8,291

7,664

6,931

6,289

6,327

5,814

7,134

6,810

7,355

6,899

8,382

7,807

7,080

5,939

5,569

5,426

5,205

4,954

5,779

5,608

4,752

3,985

4,509

4,154

Prepaid expenses and other current assets

1,598

1,477

1,393

1,123

1,077

1,298

1,599

1,167

983

1,016

1,285

698

785

550

650

287

156

53

113

87

252

54

13

39

128

88

31

92

97

45

96

39

79

86

199

126

158

37

70

Other receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45

37

28

118

134

26

56

91

103

89

5

5

8

3

104

155

224

14

9

74

104

62

142

Deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

142

-

-

-

580

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

509

509

532

556

612

451

439

408

360

293

360

322

394

391

295

234

315

512

357

338

458

394

368

328

277

389

Refundable income taxes

681

827

1,278

1,258

2,748

2,959

2,811

2,795

2,347

771

342

309

309

521

519

877

449

129

741

90

1,141

842

1,965

2,580

1,014

423

28

84

84

84

0

-

41

0

0

-

906

-

0

Total current assets

19,199

21,146

20,106

18,793

18,916

22,393

23,815

23,388

24,681

27,509

29,461

30,615

27,542

30,356

29,080

26,594

27,006

26,576

27,132

24,279

24,152

26,075

24,677

26,488

24,750

24,553

26,294

24,527

19,694

20,884

19,793

17,423

16,698

18,676

17,974

17,308

16,836

17,469

17,357

Property and equipment, net

22,274

22,620

23,365

23,959

24,573

25,035

25,243

24,827

24,645

23,888

23,010

22,285

21,832

21,603

21,301

21,080

21,375

21,602

21,974

22,341

21,892

21,874

21,494

21,248

20,824

21,637

14,718

14,917

14,986

14,754

14,865

15,031

15,198

15,380

15,237

15,129

15,152

14,930

14,890

Operating lease right-of-use asset

738

839

966

1,056

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets
Goodwill & indefinite-lived intangibles

12,824

12,824

12,824

12,824

12,824

14,068

14,068

14,068

14,068

14,068

14,068

14,068

14,068

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill & indefinite-lived intangibles

-

-

-

-

-

-

-

-

-

-

-

-

-

14,068

14,068

14,068

14,068

14,068

14,068

14,068

14,068

14,068

-

-

14,068

14,068

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill and other non amortizable brand assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,068

14,068

-

-

14,068

14,068

14,068

14,068

14,068

14,068

14,068

14,068

14,068

14,068

14,068

13,806

13,806

Other intangible assets, net

152

192

231

271

344

485

648

812

975

1,143

1,311

1,479

1,647

1,815

1,991

2,166

2,344

2,523

2,701

2,880

3,060

3,238

3,417

3,571

3,750

3,929

4,107

4,285

4,463

4,643

4,840

5,029

5,218

-

-

5,805

6,001

5,732

5,907

Total intangible assets

12,976

13,016

13,055

13,095

13,168

14,553

14,716

14,880

15,043

15,211

15,379

15,547

15,715

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

15,883

16,059

16,234

16,412

16,591

16,770

16,948

17,128

17,306

17,485

-

17,818

17,997

18,175

-

-

-

-

-

-

-

-

-

-

-

-

Other Assets

1,800

165

165

165

150

150

150

150

150

150

125

125

125

368

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

500

500

Other intangible assets, net of accumulated amortization of $3,662,477 and $2,891,981 at September 30, 2012 and 2011 and $3,087,940 at December 31, 2011, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,414

5,609

-

-

-

-

Total intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,639

-

-

-

18,353

18,531

18,711

18,908

19,097

19,286

19,482

19,678

19,874

20,069

19,538

19,714

Long-term accounts receivable, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

270

-

294

267

265

-

270

279

273

280

280

280

294

294

162

191

276

289

0

0

-

0

-

-

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

125

-

125

-

-

-

252

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

56,987

57,786

57,657

57,068

56,807

62,131

63,924

63,245

64,519

66,758

67,975

68,572

65,214

68,210

66,565

64,178

64,918

65,064

66,144

63,835

63,424

65,527

63,936

65,649

63,673

64,468

59,469

58,092

53,506

54,512

53,759

51,828

51,473

53,539

52,889

52,312

52,058

52,438

52,461

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Checks written in excess of bank balances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

711

333

592

870

1,709

1,067

1,341

1,002

847

Current maturities of notes payable

-

-

-

-

-

0

0

0

3,166

3,292

3,419

840

840

840

840

840

840

840

840

840

872

877

877

879

875

878

545

543

542

580

540

789

1,540

1,923

1,892

2,364

2,851

3,608

4,431

Accounts payable

5,282

6,968

5,459

5,601

4,570

6,263

7,271

7,136

6,848

7,104

6,285

8,273

5,718

8,762

6,681

7,339

8,393

5,190

5,725

4,123

5,587

7,318

6,471

6,958

6,723

5,429

7,166

6,465

4,256

5,118

4,769

4,597

4,386

4,529

4,174

3,781

4,183

2,708

2,259

Accrued expenses

4,087

3,402

4,141

3,114

2,777

3,118

3,388

2,849

2,984

2,866

3,813

2,754

2,169

2,002

2,302

1,849

1,538

3,104

4,702

3,460

2,066

1,243

899

2,732

1,284

1,323

1,094

1,197

1,155

894

593

755

553

857

552

595

509

739

531

Accrued income taxes

154

63

63

87

106

82

82

101

203

74

75

734

654

267

628

0

52

448

14

144

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

1,292

1,224

462

254

1,341

1,639

279

0

351

378

430

-

567

604

Total current liabilities

9,523

10,433

9,663

8,802

7,453

9,463

10,741

10,086

13,201

13,336

13,592

12,601

9,381

11,871

10,451

10,028

10,823

9,583

11,282

8,568

8,525

9,439

8,248

10,570

8,882

8,924

10,030

8,669

6,209

7,935

8,254

6,755

7,072

8,533

8,706

8,238

8,885

8,627

8,674

Line of credit

2,745

4,224

4,677

4,671

5,995

5,990

5,984

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

488

527

584

611

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes payable

-

-

-

-

-

0

0

6,069

3,113

3,197

3,280

6,069

6,279

6,489

6,699

6,909

7,119

7,329

7,539

7,885

8,125

8,339

8,555

8,775

8,999

9,214

4,726

4,820

4,955

5,096

5,228

5,363

5,539

5,882

5,957

5,995

6,122

6,197

6,397

Deferred income taxes, net

922

390

390

390

390

840

840

840

840

1,192

1,192

1,192

1,192

2,162

1,719

1,719

1,719

1,806

1,812

1,961

2,074

2,065

2,395

2,689

2,843

2,917

3,018

2,909

3,028

3,112

3,240

3,394

3,503

3,313

3,329

3,332

3,401

3,120

3,262

Other long-term liabilities

58

76

100

124

564

661

554

540

775

406

351

204

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

13,736

15,650

15,414

14,598

14,402

16,954

18,119

17,535

17,929

18,131

18,415

20,066

16,852

20,522

18,869

18,656

19,661

18,719

20,634

18,415

18,724

19,843

19,199

22,035

20,724

21,056

17,775

16,399

14,194

16,144

16,724

15,514

16,116

17,728

17,993

17,567

18,409

17,945

18,334

Stockholders' equity
Preferred stock, no par value; 2,500 shares authorized; no shares issued or outstanding at 2019 and 2018

0

0

0

0

0

0

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock, no par value; 40,000 shares authorized; 17,274 shares issued;15,710 and 15,814 shares outstanding at 2019 and 2018

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

6,509

Paid-in-capital

2,380

2,348

2,230

2,663

2,303

2,211

2,184

2,195

2,244

2,247

2,236

2,218

2,198

2,133

2,075

2,054

2,033

2,032

2,032

2,032

2,033

2,032

2,032

2,032

2,032

2,032

2,032

2,032

2,032

2,032

2,032

2,032

2,032

2,032

2,032

2,032

2,032

2,018

2,018

Treasury stock, at cost

12,601

12,630

12,477

12,824

12,970

12,918

12,777

12,713

11,812

11,527

10,340

10,340

10,340

10,468

10,468

10,170

9,730

8,187

8,187

8,187

8,188

8,187

8,187

8,187

8,187

8,187

8,187

8,187

8,187

8,077

7,947

7,783

7,606

7,447

7,397

7,271

6,425

5,897

5,256

Retained earnings

46,963

45,909

45,981

46,122

46,563

49,375

49,889

49,719

49,649

51,398

51,155

50,119

49,995

49,514

49,578

47,164

46,516

46,189

45,296

45,197

44,544

45,367

44,341

43,247

42,587

43,056

41,366

41,270

38,904

37,831

36,429

35,526

34,431

34,797

33,767

33,501

31,575

31,811

30,906

Accumulated other comprehensive income (loss), net of taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2

-35

-71

-198

-139

-131

-198

-38

41

13

7

2

-27

68

53

72

12

30

-8

-80

-16

-26

-43

50

-51

Total stockholders' equity

43,251

42,136

42,243

42,470

42,405

45,177

45,805

45,710

46,590

48,627

49,560

48,506

48,362

47,688

47,696

45,522

45,257

46,344

45,510

45,419

44,700

45,683

44,737

43,614

42,949

43,412

41,693

41,693

39,312

38,367

37,035

36,314

35,357

35,810

34,895

34,745

33,649

34,492

34,126

Total liabilities and stockholders' equity

56,987

57,786

57,657

57,068

56,807

62,131

63,924

63,245

64,519

66,758

67,975

68,572

65,214

68,210

66,565

64,178

64,918

65,064

66,144

63,835

63,424

65,527

63,936

65,649

63,673

64,468

59,469

58,092

53,506

54,512

53,759

51,828

51,473

53,539

52,889

52,312

52,058

52,438

52,461