Natural grocers by vitamin cottage, inc. (NGVC)
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'12
Current assets:
Cash and cash equivalents

29,374

5,157

6,214

11,659

11,283

4,536

9,398

7,204

8,071

8,089

6,521

5,123

4,234

7,142

4,017

2,703

5,600

2,142

2,915

3,234

7,236

1,855

5,113

6,634

7,814

6,222

8,132

5,651

9,497

10,270

17,291

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

500

500

500

-

0

Short term investments  available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

95

1,150

1,149

1,736

1,828

862

778

Accounts receivable, net

5,594

4,681

5,059

3,956

4,501

4,876

4,738

4,913

5,692

4,477

4,860

3,285

3,189

2,619

3,747

2,593

2,270

2,107

2,576

2,671

2,173

1,650

2,146

1,706

1,801

1,698

2,401

1,881

1,483

1,209

1,855

Accounts receivable-leasehold incentives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

891

-

Merchandise inventory

88,411

98,145

96,179

96,092

95,335

95,197

94,228

97,247

96,873

91,422

93,612

92,864

92,514

87,987

86,330

86,368

82,519

79,282

74,818

69,763

64,727

61,807

58,381

56,017

53,090

48,572

45,472

43,372

42,536

38,399

37,544

Prepaid expenses and other current assets

3,253

8,071

7,728

3,298

2,544

2,716

2,590

3,210

2,789

2,761

3,222

2,226

1,722

1,745

3,233

3,347

2,722

1,137

1,108

1,230

1,184

967

641

872

1,183

870

1,097

508

885

626

596

Current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

869

866

845

836

729

832

855

1,279

1,196

1,114

1,026

1,007

951

843

Total current assets

126,632

116,054

115,180

115,005

113,663

107,325

110,954

112,574

113,425

106,749

108,215

103,498

101,659

99,493

97,327

95,011

93,111

85,537

82,283

77,743

76,156

67,008

67,113

66,084

65,262

59,708

59,865

54,678

57,737

53,212

58,907

Property and equipment, net

154,739

155,619

201,635

195,499

191,439

194,696

188,768

187,649

184,053

185,189

184,417

186,993

187,126

181,619

178,297

172,003

158,813

150,159

145,219

139,067

129,196

126,934

120,224

113,268

108,518

102,772

98,910

91,837

85,649

77,925

64,603

Operating lease assets

349,437

355,167

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease assets

35,429

32,308

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term investments - available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,070

974

Deposits and other assets

657

668

1,638

1,666

1,671

1,694

1,682

1,693

1,691

1,688

1,642

1,608

1,531

1,527

971

947

902

888

778

736

736

716

712

739

740

189

203

206

201

199

196

Goodwill and other intangible assets, net

9,661

9,476

8,644

8,122

6,464

6,390

5,648

5,659

5,667

5,673

5,655

5,653

5,594

5,595

5,601

5,599

5,607

5,615

5,623

5,632

5,641

5,789

900

900

900

900

900

-

-

-

927

Goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

511

511

511

-

Deferred financing costs, net

37

40

17

21

24

27

31

34

37

40

62

41

44

47

50

53

55

17

21

25

28

32

36

40

44

39

25

33

42

50

55

Other intangibles, net of accumulated amortization of $654,187 and $626,609, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

388

388

398

-

Total other assets

-

-

-

9,809

8,159

8,111

7,361

7,386

7,395

7,401

7,359

7,302

7,169

7,169

6,622

6,599

6,564

6,520

6,422

6,393

6,405

6,537

1,648

1,679

1,684

1,128

1,128

1,139

1,143

2,230

2,152

Total assets

676,592

669,332

327,114

320,313

313,261

310,132

307,083

307,609

304,873

299,339

299,991

297,793

295,954

288,281

282,246

273,613

258,488

242,216

233,924

223,203

211,757

200,479

188,985

181,031

175,464

163,608

159,903

147,655

144,531

133,367

125,662

Current liabilities:
Accounts payable

70,767

62,220

63,162

61,025

61,547

54,420

61,104

58,211

60,564

52,163

56,849

57,489

60,888

53,738

53,615

56,050

55,188

52,994

49,896

44,970

41,067

36,185

33,835

35,718

34,096

28,080

28,918

26,847

26,319

20,061

26,032

Accrued expenses

22,663

22,032

19,061

19,203

17,325

21,591

17,851

17,630

15,440

17,177

14,164

16,070

13,665

16,377

12,448

13,293

14,671

16,355

19,649

16,776

19,759

14,535

15,822

11,340

10,713

10,024

9,306

8,464

9,519

9,334

7,783

Revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,082

-

-

-

-

-

-

-

-

-

Contingent consideration for acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

536

-

-

-

-

-

-

-

-

-

Capital and financing lease obligations, current portion

-

-

1,045

983

843

805

736

699

633

604

548

521

507

484

478

435

418

406

333

321

296

279

229

201

195

189

174

-

-

-

12

Operating lease obligations, current portion

31,765

31,419

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease obligations, current portion

2,550

2,374

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note payable - related party, current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

154

218

260

Capital lease finance obligations, current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50

11,121

8,540

-

Capital lease obligations, current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

116

-

-

-

Capital lease finance obligation, current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

48

31

-

Capital lease obligation, current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

150

130

-

Total current liabilities

127,745

118,045

83,268

81,211

79,715

76,816

79,691

76,540

76,637

69,944

71,561

74,080

75,060

70,599

66,541

69,778

70,277

69,755

69,878

62,067

61,122

54,617

49,886

47,259

45,004

38,293

38,398

35,479

36,191

29,775

34,087

Long-term liabilities:
Capital and financing lease obligations, net of current portion

-

-

51,475

49,245

44,780

44,849

40,406

40,519

36,953

37,120

32,880

31,510

31,419

31,309

31,429

30,509

29,803

27,246

27,274

27,324

24,933

25,011

21,748

19,508

19,560

19,611

19,648

-

-

-

5,514

Operating lease obligations, net of current portion

336,003

341,715

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease obligations, net of current portion

34,248

31,078

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revolving credit facility

-

8,292

5,692

10,092

10,192

12,692

13,192

16,292

19,592

24,592

28,392

27,477

26,477

27,077

27,428

18,827

8,577

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax liabilities, net

11,161

-

10,420

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital and financing lease obligations, net of current portion

-

-

51,475

49,245

44,780

44,849

40,406

40,519

36,953

37,120

32,880

31,510

-

-

31,429

-

-

-

-

-

24,933

25,011

-

19,508

19,560

19,611

19,648

-

-

-

5,514

Capital lease finance obligations, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,108

-

-

-

Capital lease obligations, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,702

-

-

-

Capital lease finance obligation for assets under construction

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,401

-

Capital lease obligation, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,696

4,735

-

Deferred income tax liabilities, net

-

11,110

-

5,047

5,901

6,183

6,447

8,682

8,248

7,973

12,419

11,478

11,605

12,007

12,178

10,961

9,987

9,620

6,073

6,382

3,946

4,742

5,409

5,904

6,606

7,174

6,877

5,549

4,959

3,616

4,144

Deferred compensation

-

-

-

-

-

700

688

676

665

1,355

1,231

1,110

990

873

757

644

532

422

314

-

-

-

0

-

-

-

-

-

-

-

-

Deferred rent

-

-

11,393

11,323

11,175

11,121

11,038

10,976

10,796

10,593

10,465

10,352

9,874

9,247

8,809

8,360

7,760

7,251

6,922

6,502

6,186

5,968

5,842

5,542

5,373

5,033

4,731

4,308

3,939

3,766

3,618

Leasehold incentives

-

-

7,960

8,074

8,317

8,603

8,895

9,510

9,743

9,122

9,160

9,085

8,379

8,181

8,379

8,557

8,313

8,461

7,975

8,191

7,389

7,564

7,246

7,126

6,743

5,904

5,716

4,944

4,988

5,352

5,328

Other long-term liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

207

103

-

-

-

-

-

-

-

-

-

-

Note payable-related party, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

Total long-term liabilities

381,412

392,195

86,940

83,781

80,365

84,148

80,666

86,655

85,997

90,755

94,547

91,012

88,744

88,694

88,980

77,858

64,972

53,000

48,558

48,606

42,557

43,285

40,245

38,080

38,282

37,722

36,972

30,613

29,705

28,413

18,626

Total liabilities

509,157

510,240

170,208

164,992

160,080

160,964

160,357

163,195

162,634

160,699

166,108

165,092

163,804

159,293

155,521

147,636

135,249

122,755

118,436

110,673

103,679

97,902

90,131

85,339

83,286

76,015

75,370

66,092

65,897

58,189

52,713

Commitments (Note 13)

-

-

-

-

-

-

-

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, $0.001 par value, 50,000,000 shares authorized, 22,510,279 shares issued at March 31, 2020 and September 30, 2019 and 22,503,810 and 22,463,057 outstanding at March 31, 2020 and September 30, 2019, respectively

23

23

23

23

23

23

23

23

23

23

23

23

23

23

23

23

23

22

22

22

22

22

22

22

22

22

22

22

22

22

22

Additional paid-in capital

56,439

56,454

56,319

56,162

56,192

56,337

56,236

56,077

55,894

55,826

55,678

55,873

55,659

55,617

55,437

55,604

55,407

55,207

54,982

54,916

54,809

54,711

54,552

54,578

54,428

53,842

53,704

52,961

52,918

52,681

52,676

Accumulated other comprehensive loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0

-0

-1

-4

Retained earnings

111,022

102,878

100,923

99,562

97,564

93,704

91,507

89,422

87,431

84,026

78,846

77,610

77,012

74,016

71,955

70,489

67,809

64,232

60,484

57,592

53,247

47,844

44,280

41,092

37,728

33,729

30,807

28,579

25,693

22,475

20,255

Common stock in treasury at cost, 6,469 and 47,222 shares, at March 31, 2020 and September 30, 2019, respectively

49

263

359

426

598

896

1,040

1,108

1,109

1,235

664

805

544

668

690

139

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Total stockholders’ equity

167,435

159,092

156,906

155,321

153,181

149,168

146,726

144,414

142,239

138,640

133,883

132,701

132,150

128,988

126,725

125,977

123,239

119,461

115,488

112,530

108,078

102,577

98,854

95,692

92,178

87,593

84,533

81,562

78,633

75,178

72,949

Total liabilities and stockholders’ equity

676,592

669,332

327,114

320,313

313,261

310,132

307,083

307,609

304,873

299,339

299,991

297,793

295,954

288,281

282,246

273,613

258,488

242,216

233,924

223,203

211,757

200,479

188,985

181,031

175,464

163,608

159,903

147,655

144,531

133,367

125,662