Manitex international, inc. (MNTX)
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

22,101

23,327

20,033

17,721

20,889

22,103

20,265

20,630

2,177

5,014

2,968

3,065

3,207

4,541

4,050

6,962

1,501

5,918

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash – restricted

219

217

219

236

234

245

306

308

325

352

352

773

772

773

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Marketable equity securities

-

-

-

7,398

2,970

2,160

5,346

6,253

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Marketable equity securities

-

-

-

-

-

-

-

-

7,841

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,446

6,308

5,578

4,368

4,934

3,189

1,050

6,091

3,078

3,171

2,120

1,889

3,305

1,728

523

71

773

979

662

Trade receivables (net)

34,897

34,725

37,574

39,621

47,099

45,448

42,073

47,607

49,645

46,633

44,800

43,994

34,592

32,982

34,847

33,292

40,959

35,878

72,897

78,457

85,335

58,433

44,860

52,704

43,282

38,165

31,370

38,097

38,510

36,189

33,087

35,054

30,036

23,913

22,833

22,899

19,557

Accounts receivable finance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

217

272

326

380

204

239

276

305

330

350

394

-

-

-

Accounts receivable from related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

318

887

586

8,609

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other receivables

2,648

1,033

1,028

857

2,528

1,327

2,747

2,898

3,462

1,946

2,508

2,378

2,240

1,082

3,212

2,237

2,905

1,743

4,594

4,107

-

480

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,356

-

692

312

2,089

1,541

3,103

3,636

3,565

2,761

2,808

3,062

3,055

2,284

1,738

1,516

1,440

Inventory (net)

64,360

57,818

67,922

71,525

64,073

58,024

67,480

69,154

64,168

54,360

63,422

71,263

68,513

69,487

74,434

72,032

74,055

70,818

123,546

124,529

120,487

90,745

81,085

79,760

74,895

72,734

75,428

67,290

62,761

61,290

60,506

53,332

47,975

42,307

38,747

38,003

30,694

Prepaid expense and other

5,050

4,706

3,178

3,308

4,259

3,993

2,017

2,369

2,743

2,017

4,322

4,676

4,461

4,624

3,319

6,647

3,688

4,295

4,709

4,927

6,853

1,691

1,908

2,444

1,854

1,669

1,927

1,488

2,082

1,206

2,516

2,067

1,943

1,317

1,413

1,851

1,700

Current assets of discontinued operations

1,597

1,591

-

-

-

-

-

-

-

-

-

-

44,492

46,645

78,636

91,005

95,521

81,097

-

-

-

8,206

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current assets

130,872

123,417

129,954

140,666

142,052

133,300

140,234

149,219

130,361

110,322

118,372

126,149

158,277

160,134

201,449

215,126

221,580

199,749

211,834

220,539

223,519

173,857

134,751

139,898

124,714

121,798

116,452

115,052

110,443

104,777

103,450

96,496

84,805

71,209

66,154

65,898

54,703

Accounts receivable finance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

182

253

307

336

360

465

557

-

-

-

Total fixed assets, net of accumulated depreciation of $17,003 and $16,818 at March 31, 2020 and December 31, 2019, respectively

18,627

19,035

19,351

20,268

20,193

20,249

20,366

20,850

21,898

22,038

22,287

22,152

21,673

21,839

23,311

23,451

24,434

24,224

46,635

44,073

44,281

25,788

10,097

10,477

10,706

11,143

11,379

10,187

10,253

10,297

10,273

10,358

10,850

11,017

11,344

10,128

10,659

Operating lease assets

2,294

2,174

2,474

2,931

2,911

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets (net)

16,117

17,032

17,204

23,366

23,818

24,773

28,260

29,042

30,847

31,014

31,247

31,094

30,359

30,985

33,734

34,056

35,499

35,304

73,740

75,510

76,060

51,251

21,783

22,697

23,360

24,036

23,242

17,308

17,840

18,442

18,587

19,051

19,689

20,153

20,732

19,552

20,403

Goodwill

25,621

32,635

31,973

36,122

35,808

36,298

42,508

42,654

44,359

43,569

43,014

41,948

40,056

39,669

41,489

40,943

42,167

40,758

82,035

82,012

76,546

30,173

22,213

22,492

22,511

22,489

19,880

15,276

15,259

15,283

15,266

15,245

15,291

15,267

15,302

14,452

14,452

Deferred tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,951

2,951

2,951

216

1,324

1,324

1,324

1,325

1,272

1,272

1,272

1,272

1,166

1,166

1,166

1,166

923

923

923

923

650

650

650

Equity investment in ASV Holdings, Inc.

-

-

-

-

-

-

-

-

-

14,931

14,844

14,560

-

-

-

5,673

5,713

5,752

5,833

5,872

5,912

5,951

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term assets

250

281

1,250

1,302

1,313

263

1,234

1,270

1,473

1,475

1,548

1,600

1,636

1,605

1,659

1,251

1,614

2,783

5,865

6,070

6,325

4,166

1,019

1,033

975

1,031

1,073

108

121

139

134

146

161

150

114

122

51

Deferred tax asset

395

441

543

2,099

2,366

2,366

1,839

1,839

1,839

1,839

545

545

545

545

-

-

-

-

11,731

11,253

10,974

-

1,936

2,118

2,111

2,117

2,258

2,257

2,258

2,259

1,391

1,390

2,549

3,238

4,332

4,722

5,249

Long-term assets of discontinued operations

331

413

-

-

-

-

-

-

-

-

-

-

70,998

72,177

82,328

90,228

91,618

92,637

-

-

-

3,477

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

194,507

195,428

202,749

226,754

228,461

217,249

234,441

244,874

230,777

225,188

231,857

238,048

323,544

326,954

383,970

410,728

422,625

401,423

437,673

445,329

443,617

317,156

191,799

198,715

184,377

182,614

174,284

160,370

156,427

151,504

149,437

143,046

133,810

121,591

117,978

114,874

105,517

LIABILITIES AND EQUITY
Current liabilities
Notes payable

19,018

18,212

21,536

19,734

23,835

22,706

21,464

24,263

25,877

29,131

31,967

30,702

29,333

26,204

33,921

29,245

32,800

25,712

34,681

34,343

36,669

11,880

7,393

9,470

8,158

6,910

7,630

6,190

8,245

6,218

5,747

6,264

6,294

5,349

4,935

4,568

2,646

Convertible note - related party (net)

7,367

7,323

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Convertible note (net)

7,927

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of finance lease obligations

474

476

462

449

436

422

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of operating lease liabilities

785

813

985

1,073

1,013

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revolving credit facilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,509

781

1,255

2,798

2,676

2,625

1,834

2,707

1,921

1,302

857

875

-

1,946

1,575

-

-

-

-

Current portion of capital lease obligations

-

-

-

-

-

-

409

398

388

378

362

850

815

338

831

848

866

1,004

1,056

1,705

1,746

1,631

1,693

1,733

1,772

1,812

1,850

1,363

1,063

1,040

1,051

865

650

634

619

603

564

Accounts payable

37,944

29,593

33,176

44,378

44,128

36,896

40,269

46,183

45,875

35,386

36,455

41,003

32,487

33,801

34,806

39,483

41,777

40,978

52,465

57,480

57,879

34,113

27,263

29,066

27,885

24,974

23,142

26,443

26,599

25,101

29,567

26,865

24,513

18,421

16,353

16,817

14,447

Accounts payable related parties

112

228

137

182

1,493

1,371

79

475

92

1,331

1,569

1,762

742

2,098

1,786

83

205

198

2,251

2,480

2,859

503

1,230

932

419

789

745

544

531

839

583

532

719

470

412

531

481

Income tax payable on conversion of ASV

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,231

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses

8,963

9,138

9,359

9,874

9,282

9,249

9,138

9,570

9,842

10,070

10,372

10,481

9,725

10,278

9,128

9,725

9,762

11,604

19,374

21,315

21,006

15,973

8,508

8,507

6,902

8,808

6,975

7,538

6,626

7,745

6,091

6,799

6,122

4,946

4,246

3,743

4,335

Customer deposits

1,209

1,493

1,393

1,375

2,312

2,310

-

-

-

2,242

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits

-

-

-

-

-

-

1,777

2,556

2,622

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current liabilities

-

-

-

-

-

-

-

142

259

890

2,635

2,511

2,733

2,150

1,724

2,763

2,472

2,030

3,801

4,887

3,167

2,407

1,883

3,173

2,573

1,930

2,677

1,493

1,557

1,533

1,616

922

406

357

444

744

538

Current liabilities of discontinued operations

558

800

-

-

-

-

-

-

-

-

-

-

20,775

23,631

43,090

44,904

46,557

38,510

-

-

-

2,425

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

84,357

68,076

67,048

77,065

82,499

72,954

73,136

83,587

84,955

79,428

83,360

87,309

96,610

98,500

125,286

127,051

134,439

120,036

116,137

122,991

124,581

87,961

50,646

55,506

49,543

47,930

44,940

44,873

45,478

43,351

44,655

44,193

40,279

30,177

27,009

27,006

23,011

Long-term liabilities
Revolving term credit facilities

6,000

-

-

-

-

-

-

-

12,480

12,893

12,575

13,235

21,277

19,957

21,403

27,355

27,789

26,500

50,693

54,267

52,360

46,457

37,819

41,442

35,994

37,306

25,681

37,617

35,854

34,357

32,549

31,652

27,045

25,874

25,494

23,110

20,007

Notes payable (net)

19,060

19,446

21,895

22,879

22,639

23,134

26,651

26,827

28,042

26,656

29,724

31,078

33,021

32,832

37,174

29,726

28,012

29,711

79,660

82,950

85,157

38,423

2,130

2,205

2,234

2,482

10,835

2,345

2,371

2,648

2,675

4,442

5,864

6,335

7,948

7,058

6,119

Finance lease obligations (net of current portion)

4,473

4,584

4,711

4,831

4,947

5,061

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-current operating lease liabilities

1,508

1,361

1,499

1,871

1,913

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital lease obligations

-

-

-

-

-

-

5,173

5,279

5,382

5,483

5,589

5,682

5,390

6,004

5,606

5,684

5,751

5,850

5,922

1,979

2,237

2,710

2,992

2,353

2,676

2,984

3,328

3,995

3,725

4,000

4,282

4,210

3,866

4,035

4,199

4,360

4,683

Convertible note-related party (net)

-

-

7,281

7,239

7,199

7,158

7,119

7,080

7,043

7,005

6,968

6,932

6,897

6,862

6,828

6,802

6,770

6,737

6,701

6,671

6,641

6,611

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Convertible note (net)

-

14,760

14,702

-

-

14,530

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Convertible note (net)

-

-

-

14,644

14,587

-

14,475

14,419

14,365

14,310

14,257

14,203

14,151

14,098

14,048

14,022

13,972

13,923

14,358

14,334

14,310

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred gain on sale of property

647

667

687

707

727

842

874

906

937

969

1,001

1,114

1,169

1,058

1,087

1,116

1,145

1,288

1,007

1,078

1,172

1,268

1,363

1,458

1,553

1,648

1,743

1,838

1,933

2,028

2,123

2,219

2,313

2,408

2,504

2,599

2,789

Deferred tax liability

592

721

362

21

93

92

3,789

3,558

3,381

3,384

3,559

3,287

3,427

3,242

4,439

4,270

4,593

1,790

17,825

17,464

16,840

2,082

4,077

4,075

4,076

4,074

4,304

4,304

4,270

4,269

4,825

4,825

4,825

4,825

5,476

5,473

5,473

Other long-term liabilities

5,745

5,913

5,271

5,422

5,423

5,474

3,910

3,883

4,120

4,215

3,737

3,723

3,369

4,127

3,870

3,932

4,995

4,891

7,890

6,299

5,133

1,973

1,065

1,178

1,204

1,199

1,347

1,302

1,330

1,318

1,120

1,050

1,115

1,143

169

166

161

Long-term liabilities of discontinued operations

350

350

-

-

-

-

-

-

-

-

-

-

40,909

42,645

51,147

56,402

60,119

60,397

-

-

-

1,665

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total long-term liabilities

38,375

47,802

56,408

57,614

57,528

56,291

61,991

61,952

75,750

74,915

77,410

79,254

129,610

130,825

145,602

149,309

153,146

151,087

184,056

185,042

183,850

101,189

49,446

52,711

47,737

49,693

47,238

51,401

49,483

48,620

47,574

48,398

45,028

44,620

45,790

42,766

39,232

Total liabilities

122,732

115,878

123,456

134,679

140,027

129,245

135,127

145,539

160,705

154,343

160,770

166,563

226,220

229,325

270,888

276,360

287,585

271,123

300,193

308,033

308,431

189,150

100,092

108,217

97,280

97,623

92,178

96,274

94,961

91,971

92,229

92,591

85,307

74,797

72,799

69,772

62,243

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

0

0

0

-

-

0

Equity
Preferred Stock—Authorized 150,000 shares, no shares issued or outstanding at March 31, 2020 and December 31, 2019

-

-

-

-

-

-

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—no par value 25,000,000 shares authorized, 19,760,120 and 19,713,185 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

131,049

130,710

130,592

130,575

130,492

130,260

130,111

130,083

98,081

97,661

97,468

97,279

97,247

94,324

93,775

93,683

93,678

93,186

92,462

92,462

92,453

82,040

68,894

68,894

68,888

68,554

68,282

53,329

53,329

53,040

52,760

48,979

48,717

48,571

46,989

46,989

46,920

Paid in capital

2,663

2,793

2,766

2,640

2,582

2,674

2,773

2,708

2,458

2,802

2,743

2,618

2,522

2,918

3,036

2,805

2,531

2,630

3,112

2,811

2,530

1,789

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

232

232

1,743

1,743

1,788

Paid in capital

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,751

1,557

1,370

1,191

1,375

1,276

1,180

1,098

1,156

1,133

1,111

1,098

65

57

6

Retained deficit

-57,729

-50,253

-49,466

-37,615

-40,851

-41,761

-30,913

-31,035

-30,068

-28,583

-27,761

-26,254

-23,793

-20,505

-7,212

16,173

16,543

16,588

22,083

21,874

21,736

21,960

21,488

19,720

16,734

14,857

11,866

9,245

6,590

4,679

2,664

161

-2,117

-3,368

-3,657

-4,677

-6,148

Accumulated other comprehensive loss

-4,208

-3,700

-4,599

-3,525

-3,789

-3,169

-2,657

-2,421

-399

-1,035

-1,363

-2,158

-3,929

-4,272

-2,822

-4,304

-3,323

-5,392

-3,911

-3,563

-5,066

-1,023

-426

327

105

389

583

246

367

716

628

182

560

261

39

990

708

Total equity

-

-

-

-

-

-

99,314

99,335

70,072

-

71,087

71,485

72,047

72,465

86,777

108,357

109,429

107,012

113,746

113,584

111,653

104,766

91,707

90,498

87,097

84,991

82,106

64,096

61,466

59,533

57,208

50,455

48,503

46,794

45,179

45,102

43,274

Equity attributable to noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

25,277

25,164

26,305

26,011

25,611

23,288

23,734

23,712

23,533

23,240

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total equity

71,775

79,550

79,293

92,075

88,434

88,004

-

-

70,072

70,845

71,087

71,485

97,324

97,629

113,082

134,368

135,040

130,300

137,480

137,296

135,186

128,006

-

-

-

84,991

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and equity

194,507

195,428

202,749

226,754

228,461

217,249

234,441

244,874

230,777

225,188

231,857

238,048

323,544

326,954

383,970

410,728

422,625

401,423

437,673

445,329

443,617

317,156

191,799

198,715

184,377

182,614

174,284

160,370

156,427

151,504

149,437

143,046

133,810

121,591

117,978

114,874

105,517