NEWTEK BUSINESS SERVICES, INC. NEWT Balance Sheet

Newtek business services, inc. (NEWT)

Balance Sheet / Yearly

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
Cash and cash equivalents
9,001	10,234	12,508	7,761	13,999	11,998	14,229	18,304	23,061	15,341	11,201	13,678	11,701	10,382
Restricted cash
18,816	10,569	16,877	10,399	9,102	15,110	8,456	9,764	8,938	7,307	14,228	6,979	8,580	10,747
Broker receivable
9,481	12,907	13,606	19,593	8,111	17,489	16,698	10,533	5,643	13,923	4,911	10,666	8,796	12,058
SBA loans held for investment, net (includes $9,862 and $10,894, respectively, related to securitization trust VIE; net of allowance for loan losses of $1,510 and $1,811, respectively)
9,583	10,237	10,689	12,287	13,208	13,706	14,647	16,491	17,075	17,871	18,555	20,048	21,890	23,742
SBA loans held for investment, at fair value (includes $80,342 and $74,387, respectively, related to securitization trust VIE)
94,728	87,670	78,951	67,112	58,135	49,625	43,055	36,411	31,410	27,226	21,857	15,484	10,121	2,310
Accounts receivable (net of allowance of $1,235 and $871, respectively)
10,650	11,638	11,602	12,495	13,589	13,650	10,871	11,746	12,775	12,503	8,180	10,139	10,946	9,990
SBA loans held for sale, at fair value
3,305	3,924	4,734	2,490	2,931	3,278	896	1,048	1,783	2,642	2,198	938	2,448	1,014
Prepaid expenses and other assets, net (includes $1,980 and $2,187, respectively, related to securitization trust VIE)
13,599	13,671	18,549	13,554	12,025	10,997	11,014	10,650	9,285	8,298	11,762	7,636	8,339	7,809
Servicing asset (net of accumulated amortization and allowances of $8,652 and $7,909, respectively)
7,703	7,287	6,776	6,080	5,727	5,177	4,682	4,153	3,831	3,609	3,420	3,226	3,068	2,225
Fixed assets (net of accumulated depreciation and amortization of $11,440 and $10,547, respectively)
3,705	3,844	3,741	3,588	3,675	3,633	3,523	2,925	2,844	2,867	2,853	2,820	2,919	3,210
Intangible assets (net of accumulated amortization of $2,253 and $2,243, respectively)
1,164	1,219	1,240	1,310	1,386	1,450	1,558	948	1,088	1,230	1,420	1,680	2,036	2,753
SBA loans transferred, subject to premium recourse ($- and $21,212 at fair value, respectively)
-	-	-	-	-	-	-	-	-	-	-	1,392	1,392	31,189
Credits in lieu of cash
2,898	3,231	3,641	4,307	5,254	5,924	8,703	10,063	11,552	14,485	16,948	19,219	25,077	35,494
Deferred tax asset, net
-	-	-	3,903	3,312	2,629	-	2,632	1,715	1,034	170	-	-	-
Goodwill
12,092	12,092	12,092	12,092	12,092	12,092	12,092	12,092	12,092	12,092	12,092	12,092	12,092	12,092
Deferred tax asset, net
4,171	3,925	3,606	-	-	-	2,318	-	-	-	-	-	-	-
Total assets
200,896	192,448	198,612	176,971	162,546	166,758	152,742	147,760	143,092	140,328	129,795	125,997	129,405	165,015
LIABILITIES AND EQUITY
Liabilities:
Accounts payable, accrued expenses and other liabilities
17,137	13,808	14,688	13,289	11,398	13,130	11,206	11,626	13,514	14,387	12,127	12,815	12,373	10,321
Notes payable
43,613	37,227	41,218	44,076	30,908	33,280	39,823	34,279	26,631	21,586	13,565	-	-	12,949
Note payable - securitization trust VIE
54,959	57,786	60,140	38,744	40,450	41,786	22,039	23,151	24,253	25,400	26,368	32,987	30,491	15,104
Capital lease obligation
506	585	642	699	689	693	632	-	-	-	0	-	-	-
Deferred revenue
1,219	1,312	1,274	1,407	1,391	1,397	1,437	1,437	1,484	1,490	1,634	1,649	1,695	1,768
Liability on SBA loans transferred, subject to premium recourse, at fair value
-	-	-	-	-	-	-	-	-	-	-	1,392	1,392	30,783
Notes payable in credits in lieu of cash
2,898	3,231	3,641	4,307	5,254	5,924	8,703	10,063	11,552	14,485	16,948	19,219	25,077	35,494
Deferred tax liability, net
-	-	-	-	-	-	-	-	-	-	-	1,131	2,536	3,002
Total liabilities
120,332	113,949	121,603	102,522	90,090	96,210	83,840	80,556	79,504	77,348	70,642	69,193	73,564	109,421
Commitments and contingencies
0	0	0	0	0	0	0	0	0	0	0	0	0	0
Equity:
Newtek Business Services, Inc. shareholders' equity:
Preferred shares (par value $0.02 per share; authorized 1,000 shares, no shares issued and outstanding)
0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common shares (par value $0.02 per share; authorized 54,000 shares, 36,913 issued; 35,619 and 35,385 outstanding, respectively, not including 83 shares held in escrow)
740	738	738	738	738	738	738	738	738	738	734	734	734	734
Additional paid-in capital
62,290	61,469	61,349	61,212	61,035	60,841	60,609	60,560	58,344	58,199	57,960	57,815	57,674	57,650
Retained earnings
17,322	15,927	14,536	12,120	10,303	8,458	7,008	4,933	3,624	2,384	-101	-2,335	-3,214	-3,436
Treasury shares, at cost (1,294 and 1,528 shares, respectively)
1,380	1,242	1,279	1,330	1,354	1,412	1,508	1,467	1,467	620	620	604	604	663
Total Newtek Business Services, Inc. shareholders' equity
78,972	76,892	75,344	72,740	70,722	68,625	66,847	64,764	61,239	60,701	57,973	55,610	54,590	54,285
Non-controlling interests
1,592	1,607	1,665	1,709	1,734	1,923	2,055	2,342	2,349	2,379	1,180	1,194	1,251	1,309
Total equity
80,564	78,499	77,009	74,449	72,456	70,548	68,902	67,106	63,588	63,080	59,153	56,804	55,841	55,594
Total liabilities and equity
200,896	192,448	198,612	176,971	162,546	166,758	152,742	147,760	143,092	140,428	129,795	125,997	129,405	165,015