Maxwell technologies inc (MXWL)
Balance Sheet / Quarterly
Mar'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'10
ASSETS
Current assets:
Cash and cash equivalents

48,128

58,028

23,561

21,547

40,103

46,192

52,852

19,181

20,894

25,359

27,802

35,675

21,589

24,382

24,813

25,031

23,101

24,732

30,798

30,748

31,585

30,647

37,047

34,571

34,124

28,739

20,073

22,310

30,628

29,289

30,988

29,791

33,063

39,829

Restricted cash

-

-

-

-

-

-

-

-

-

-

100

100

400

400

400

-

-

0

-

-

1,000

-

4,050

4,050

-

-

-

-

-

-

-

-

-

8,000

Trade and other accounts receivable, net of allowance for doubtful accounts of $12 and $0 as of March 31, 2019 and December 31, 2018, respectively

18,153

19,966

30,022

29,723

32,391

22,712

27,142

30,331

24,053

20,441

20,661

25,874

28,110

43,172

36,297

31,857

32,174

43,698

30,636

39,850

37,628

29,869

29,370

35,217

32,819

33,420

38,816

34,334

32,523

27,973

30,007

32,201

26,214

27,141

Inventory, Net

36,886

33,645

39,621

41,637

37,485

23,450

31,599

30,174

30,416

32,248

34,939

32,955

29,200

39,055

40,841

41,147

43,238

44,856

52,009

44,973

45,003

44,736

42,576

39,435

42,336

41,620

43,802

41,039

39,180

33,234

29,662

29,030

26,465

19,290

Prepaid expenses and other current assets

2,575

2,817

4,119

2,911

3,478

2,159

3,336

4,101

4,876

4,407

5,319

4,702

2,479

2,593

3,378

2,872

2,126

2,426

2,779

3,170

2,336

2,314

3,190

3,443

3,090

3,228

2,975

3,458

3,295

3,152

3,204

2,955

2,683

2,713

Current assets of discontinued operations

-

-

-

-

-

22,463

-

-

-

-

-

-

14,411

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current assets

105,742

114,456

97,323

95,818

113,457

116,976

114,929

83,787

80,239

82,455

88,821

99,306

96,189

109,602

105,729

100,907

100,639

115,712

116,222

118,741

117,552

107,566

116,233

116,716

112,369

107,007

105,666

101,141

105,626

93,648

93,861

93,977

88,425

96,973

Property and equipment, net

23,344

24,377

31,308

30,453

30,174

19,960

26,069

27,217

24,721

26,120

28,978

30,428

31,512

32,324

33,355

35,847

37,913

39,223

41,018

42,192

43,746

44,941

41,976

39,519

36,165

36,235

35,806

33,275

31,922

28,541

26,985

24,952

22,257

20,129

Operating lease right-of-use assets

8,700

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

9,497

10,004

10,344

10,617

11,469

11,715

11,147

11,469

-

0

-

-

-

-

-

-

-

-

-

268

318

-

420

484

575

669

758

854

985

1,111

1,259

1,438

1,526

1,651

Goodwill

13,944

14,189

35,464

35,236

36,636

14,707

35,188

35,592

23,170

22,799

23,856

23,649

23,998

23,635

24,049

24,915

24,068

23,599

24,462

26,140

26,201

25,978

25,678

24,710

24,603

25,416

24,826

24,621

25,730

24,887

25,592

27,423

25,338

24,956

Non-current assets of discontinued operations

-

-

-

-

-

41,150

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pension asset

-

-

11,949

11,753

12,095

-

9,605

9,670

-

8,887

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pension asset

-

-

-

-

-

-

-

-

9,154

-

6,265

6,122

6,125

5,849

8,191

8,318

7,756

7,362

10,576

11,139

10,919

10,568

7,733

7,179

6,918

6,939

6,945

6,685

6,815

6,359

6,125

6,387

5,642

5,321

Other non-current assets

669

705

730

840

845

871

883

868

617

613

678

627

611

603

533

595

644

704

878

665

666

1,034

331

216

212

206

38

38

0

200

246

382

471

781

Total assets

161,879

163,731

187,118

184,717

204,676

205,379

197,821

168,603

137,901

140,874

148,598

160,132

158,435

172,013

171,857

170,582

171,020

186,600

193,156

199,145

199,402

190,087

192,371

188,824

180,842

176,472

174,039

166,614

171,078

154,746

154,068

154,559

143,659

149,811

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued liabilities

20,645

16,513

18,870

27,300

32,966

27,283

29,580

26,467

20,633

19,181

17,536

23,438

22,597

33,985

29,616

19,364

17,930

27,011

30,696

26,643

27,433

25,616

29,829

32,635

31,206

27,181

31,989

31,245

34,254

36,100

30,971

30,628

28,851

28,115

Accrued warranty

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

583

512

-

129

176

267

269

244

265

287

258

261

304

367

-

Accrued warranty

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

449

Accrued employee compensation

5,527

7,146

7,244

6,597

6,624

8,418

8,865

7,564

6,173

6,152

6,229

6,722

7,133

6,672

8,129

8,643

8,032

9,348

10,270

8,935

8,598

8,788

8,344

7,253

5,889

4,743

5,025

5,721

5,850

6,343

7,037

6,931

4,942

6,079

Deferred revenue and other current liabilities

4,580

4,279

4,101

-

-

6,572

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liability, short-term

2,178

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue and customer deposits

-

-

-

4,342

6,299

-

6,236

5,802

6,489

3,967

-

-

-

3,066

-

-

-

703

-

-

-

1,043

2,594

8,906

7,994

6,408

5,149

4,170

2,568

1,042

-

-

-

-

Deferred revenue and customer deposits

-

-

-

-

-

-

-

-

-

-

3,079

3,316

3,375

-

1,206

878

1,235

-

2,826

3,181

2,729

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term borrowings and current portion of long-term debt

366

438

34

5,033

5,034

0

33

20

41

40

44

33

37

42

47

5,937

15,245

15,549

9,280

10,106

10,540

7,914

8,253

8,573

8,973

9,452

9,844

10,224

10,649

5,431

3,409

3,685

3,470

3,511

Total current liabilities

-

-

-

-

-

6,257

-

-

-

-

-

-

922

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,203

1,160

1,129

1,111

813

874

876

890

980

980

980

980

499

499

499

499

1,373

1,373

1,373

1,373

Total current liabilities

33,296

28,376

30,249

43,272

50,923

48,530

44,714

39,853

33,336

29,340

26,888

33,509

34,064

43,765

40,201

35,982

43,571

53,722

53,885

50,322

50,688

44,251

50,129

58,523

55,309

49,033

52,750

52,124

54,107

49,673

45,529

44,097

39,422

39,527

Deferred tax liability, long-term

50

53

7,831

8,305

8,433

4,988

7,965

8,805

8,448

8,580

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability, long-term

-

-

-

-

-

-

-

-

-

-

6,313

6,143

6,261

6,076

5,453

5,515

3,352

3,304

2,008

2,155

2,153

2,125

1,376

1,368

1,376

1,384

962

952

944

933

1,166

1,166

1,166

1,166

Long-term debt, excluding current portion

38,305

37,969

36,454

35,997

35,556

35,042

30,171

57

34

43

56

36

44

49

59

5

12

20

44

65

83

100

86

75

85

83

25

35

47

68

2,292

2,504

2,282

12,608

Defined benefit plan liability

4,530

4,489

4,109

4,038

4,125

3,942

3,462

3,354

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liability, long-term

8,898

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-current liabilities of discontinued operations

-

-

-

-

-

3,983

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

863

2,253

2,356

2,451

2,573

2,793

3,004

2,846

2,008

2,089

2,451

2,596

2,787

2,947

3,125

3,318

2,503

2,601

3,201

3,513

3,686

3,401

2,280

950

979

1,039

699

750

778

3,028

3,028

3,070

3,049

8,487

Total liabilities

85,942

73,140

80,999

94,063

101,610

99,278

89,316

54,915

43,826

40,052

35,708

42,284

43,156

52,837

48,838

44,820

49,438

59,647

59,138

56,055

56,610

49,877

53,871

60,916

57,749

51,539

54,436

53,861

55,876

53,702

52,015

50,837

45,919

61,788

Commitments and contingencies (Note 14)

-

-

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

Stockholders’ equity:
Common stock, $0.10 par value per share, 80,000,000 shares authorized at March 31, 2019 and December 31 2018; 46,501,538 and 45,996,186 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively

4,647

4,597

4,584

3,813

3,797

3,717

3,705

3,691

3,251

3,210

3,206

3,205

3,192

3,176

3,176

3,171

2,992

2,982

2,983

2,987

2,990

2,953

2,961

2,951

2,953

2,913

2,915

2,911

2,910

2,815

2,797

2,780

2,779

2,715

Additional paid-in capital

373,170

369,793

368,044

344,156

341,897

337,541

334,593

325,032

298,586

296,316

294,932

293,800

292,420

291,505

290,465

289,050

278,624

277,314

276,261

274,946

273,276

271,928

270,455

269,726

268,801

267,623

267,069

266,225

265,414

252,907

252,525

250,341

249,558

238,419

Accumulated deficit

-301,123

-283,503

-277,185

-267,462

-256,160

-247,233

-238,481

-224,621

-214,503

-204,104

-191,935

-185,080

-187,247

-180,399

-178,232

-176,783

-167,407

-158,066

-155,948

-152,656

-151,475

-151,794

-148,980

-155,007

-158,412

-158,134

-161,000

-166,229

-166,260

-165,308

-165,823

-166,392

-166,192

-163,870

Accumulated other comprehensive income

-757

-296

10,676

10,147

13,532

12,076

8,688

9,586

6,741

5,400

6,687

5,923

6,914

4,894

7,610

10,324

7,373

4,723

10,722

17,813

18,001

17,123

14,064

10,238

9,751

12,531

10,619

9,846

13,138

10,630

12,554

16,993

11,595

10,759

Total stockholders’ equity

75,937

90,591

106,119

90,654

103,066

106,101

108,505

113,688

94,075

100,822

112,890

117,848

115,279

119,176

123,019

125,762

121,582

126,953

134,018

143,090

142,792

140,210

138,500

127,908

123,093

124,933

119,603

112,753

115,202

101,044

102,053

103,722

97,740

88,023

Total liabilities and stockholders’ equity

161,879

163,731

187,118

184,717

204,676

205,379

197,821

168,603

137,901

140,874

148,598

160,132

158,435

172,013

171,857

170,582

171,020

186,600

193,156

199,145

199,402

190,087

192,371

188,824

180,842

176,472

174,039

166,614

171,078

154,746

154,068

154,559

143,659

149,811