Novanta inc. (NOVT)
Balance Sheet / Quarterly
Apr'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 and cash equivalents

73,701

78,944

61,405

66,093

74,074

82,043

111,814

107,261

111,127

100,057

92,149

89,126

80,014

68,108

64,739

60,497

67,892

59,959

80,089

81,051

47,542

51,146

53,549

45,007

31,741

60,980

53,690

52,058

36,337

65,788

52,863

55,758

50,358

54,835

50,655

73,999

56,781

Accounts receivable, net of allowance of $441 and $297, respectively

89,556

91,078

98,666

88,831

89,437

83,955

88,921

76,747

76,915

81,482

83,008

69,112

70,073

63,769

61,787

57,587

58,683

57,188

56,050

54,379

53,360

51,494

56,673

57,028

61,314

48,552

58,829

55,314

57,285

42,652

48,421

44,089

51,294

38,847

56,545

58,339

55,110

Inventories

112,003

116,618

118,573

113,297

106,784

104,764

98,917

96,377

98,812

91,278

88,861

76,796

71,019

59,745

59,614

59,981

61,764

59,566

61,268

60,410

60,682

62,943

62,815

64,550

63,834

58,290

65,073

62,555

64,902

52,801

53,431

53,713

66,131

51,539

70,917

71,112

66,721

Prepaid income taxes and income taxes receivable

8,715

5,905

6,356

4,989

4,269

1,852

3,995

6,478

2,955

4,387

8,107

3,942

2,740

2,058

4,505

4,479

2,454

2,510

5,662

5,025

5,178

5,906

5,251

5,666

5,455

5,715

3,906

16,539

16,620

16,540

22,588

22,579

22,669

22,707

21,975

21,984

21,920

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,820

6,124

5,589

5,971

8,699

8,716

8,786

5,122

6,675

6,881

7,065

7,583

5,468

5,310

5,318

5,335

4,242

4,319

4,226

Deferred cost of goods sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,703

3,138

7,789

Prepaid expenses and other current assets

12,910

11,967

11,860

11,701

11,996

9,155

9,527

8,878

8,266

10,675

8,253

6,714

6,139

5,570

5,621

4,944

4,633

5,989

5,361

5,644

7,099

5,081

4,392

5,053

4,872

5,134

6,610

5,575

5,991

5,486

4,859

5,545

7,030

5,385

5,657

6,125

5,580

Assets of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

13,582

631

631

13,022

16,135

17,836

-

1,894

18,283

17,618

27,396

30,911

-

35,663

-

-

-

Total current assets

296,885

304,512

296,860

284,911

286,560

281,769

313,174

295,741

298,075

287,879

280,378

245,690

229,985

199,250

196,266

187,488

195,426

185,212

212,250

212,633

193,032

183,172

192,010

199,042

192,137

201,629

194,783

200,816

206,483

208,468

215,026

217,905

202,800

214,311

211,694

239,016

218,127

Property, plant and equipment, net

74,780

77,556

76,122

64,630

64,754

65,464

66,204

64,660

61,591

61,718

60,244

36,503

36,792

35,421

34,911

37,647

36,195

40,550

37,596

37,780

37,590

40,088

39,634

40,159

31,448

31,303

32,702

33,959

33,645

32,338

32,630

33,107

41,692

35,955

42,489

43,623

45,402

Operating lease assets

34,332

35,180

35,487

38,633

35,374

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets

8,649

8,890

9,938

9,862

9,544

9,492

8,059

6,747

6,829

7,052

11,772

11,021

10,013

8,593

5,886

6,463

7,966

7,885

1,293

2,801

2,879

2,912

438

503

497

-

1,997

2,694

4,817

3,884

1,613

880

813

814

1,474

1,729

1,445

Other assets

3,105

2,713

2,734

2,191

2,174

2,269

1,579

1,575

1,615

4,018

4,256

3,868

3,835

12,502

10,466

10,014

10,563

12,673

12,163

13,578

12,984

12,134

14,131

12,477

11,957

9,426

9,074

8,515

8,612

8,172

6,510

6,526

7,002

7,048

5,624

5,799

4,476

Intangible assets, net

155,498

166,175

168,078

152,775

136,629

142,920

150,648

154,714

151,816

155,048

157,938

100,993

104,363

61,743

60,871

64,020

62,968

66,269

64,240

67,278

70,284

67,242

93,543

98,024

102,763

65,293

68,265

70,531

73,490

40,020

41,470

42,903

44,371

45,797

47,396

49,269

53,139

Goodwill

268,719

274,710

268,741

230,371

217,625

217,662

219,772

218,324

213,822

210,988

207,720

151,538

150,278

108,128

108,337

108,253

103,413

103,456

98,358

98,358

98,299

90,746

110,783

115,584

115,182

71,156

71,087

73,514

73,271

44,578

44,578

44,578

44,578

44,578

44,578

44,578

44,578

Total assets

841,968

869,736

857,960

783,373

752,660

719,576

759,436

741,761

733,748

726,703

722,308

549,613

535,266

425,637

416,737

413,885

416,531

416,045

425,900

432,428

415,068

396,294

450,539

465,789

453,984

378,807

377,908

390,029

400,318

337,460

341,827

345,899

341,256

348,503

353,255

384,014

367,167

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Current portion of long-term debt

4,871

5,031

-

-

2,240

4,535

9,131

9,127

9,123

9,119

9,115

7,371

7,368

7,366

7,365

7,371

7,395

7,385

7,374

7,500

7,500

7,345

7,500

7,500

7,500

7,500

7,500

7,500

7,500

7,500

10,000

10,000

10,000

10,000

-

-

-

Accounts payable

48,419

52,585

47,009

50,015

50,554

50,733

48,306

42,505

41,717

39,793

39,666

37,784

34,226

32,213

28,179

25,879

26,893

24,401

27,507

26,942

27,126

25,592

31,223

28,440

26,572

24,361

27,100

25,569

25,195

18,824

19,630

19,114

19,280

12,532

22,003

19,465

19,766

Income taxes payable

4,490

1,861

1,661

2,121

1,923

2,633

2,400

2,191

2,529

5,942

6,086

4,196

5,410

3,969

1,274

1,652

1,770

3,985

3,009

5,299

1,055

1,189

2,305

2,053

535

1,018

2,983

2,919

4,171

3,317

2,214

2,290

2,072

1,835

2,819

2,835

1,785

Current portion of operating lease liabilities

4,646

5,043

5,065

5,225

5,198

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other current liabilities

72,990

70,326

71,178

41,184

41,174

46,295

48,665

39,175

38,242

43,314

40,940

33,998

30,941

26,948

30,074

28,904

24,274

21,182

21,894

22,037

21,524

19,401

19,078

20,765

21,875

22,288

22,334

22,665

22,356

19,278

19,309

19,939

24,738

18,927

13,953

14,782

14,717

Accrued compensation and benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,085

10,939

7,988

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

947

816

1,104

-

895

1,074

3,762

852

4,126

7,195

15,006

Deferred tax liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

202

208

198

208

172

218

214

177

399

376

376

402

111

108

146

109

-

11

-

Liabilities of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,954

324

1,437

7,542

7,336

6,143

624

2,681

4,716

5,605

9,688

9,549

-

14,806

-

-

-

Total current liabilities

135,416

134,846

124,913

98,545

101,089

104,196

108,502

92,998

91,611

98,168

95,807

83,349

77,945

70,496

66,892

63,806

60,332

56,953

59,986

61,986

60,357

54,059

61,715

66,518

64,032

61,487

61,887

62,526

65,418

54,926

61,847

62,074

59,998

59,061

51,986

55,227

59,262

Long-term debt

206,752

215,334

227,507

214,562

198,203

202,843

247,293

228,306

224,098

225,500

234,188

104,176

110,865

70,554

72,267

79,164

86,763

88,426

100,084

108,750

115,625

105,030

114,375

127,250

129,125

64,000

70,875

87,750

95,625

42,500

37,500

43,000

45,500

58,000

73,107

108,107

107,575

Operating lease liabilities

33,036

34,108

32,181

35,108

31,808

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liabilities

24,855

26,676

28,980

23,429

22,534

22,632

24,920

25,541

26,060

25,672

27,106

8,551

8,254

1,294

42

42

556

449

2,509

2,509

2,273

35

4,636

4,773

4,389

293

927

816

770

255

8,989

8,773

8,745

8,722

8,477

8,486

8,373

Income taxes payable

4,865

4,713

4,687

4,747

4,647

4,463

4,313

3,948

3,935

3,754

4,154

6,279

6,043

5,710

5,855

5,772

5,919

6,071

5,861

6,339

6,838

7,097

7,484

7,322

8,018

5,596

1,993

2,620

2,561

1,764

9,019

8,217

8,083

8,057

7,679

7,275

6,644

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

227

360

402

Accrued restructuring, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

234

471

-

Accrued pension liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,467

2,663

3,044

Other liabilities

23,941

36,887

36,815

20,800

14,678

17,187

14,732

14,996

14,517

15,141

15,068

15,354

15,868

18,713

14,481

15,512

15,745

19,445

17,477

18,257

18,695

18,819

13,551

13,425

4,750

5,028

8,958

9,486

9,460

9,809

5,381

5,555

5,566

5,303

1,154

1,490

3,189

Total long-term liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

129,227

Total liabilities

428,865

452,564

455,083

397,191

372,959

351,321

399,760

365,789

360,221

368,235

376,323

217,709

218,975

166,767

159,537

164,296

169,315

171,344

185,917

197,841

203,788

185,040

201,761

219,288

210,314

136,404

144,640

163,198

173,834

109,254

122,736

127,619

127,892

139,143

145,331

-

188,489

Commitments and contingencies (Note 15)

-

-

-

-

-

-

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

Redeemable noncontrolling interest

-

-

-

-

-

-

-

51,606

54,916

46,923

36,838

27,358

22,095

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stockholders’ equity:
Common shares, no par value; Authorized shares: unlimited; Issued and outstanding: 35,122 and 35,052, respectively

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

423,856

Additional paid-in capital

39,801

49,748

51,168

41,065

42,855

46,018

45,940

31,794

32,550

33,309

32,283

30,899

29,705

30,276

29,257

28,891

29,320

29,225

29,471

29,536

28,947

28,590

27,968

26,806

25,659

25,383

25,157

23,892

22,829

21,924

21,361

20,225

19,213

17,931

17,173

16,415

14,655

Accumulated deficit

-26,372

-38,319

-47,536

-56,459

-66,839

-79,092

-90,736

-112,167

-123,470

-127,740

-127,660

-127,611

-133,295

-167,547

-175,303

-182,773

-187,644

-189,550

-195,653

-202,221

-221,719

-225,165

-194,680

-199,205

-199,930

-200,913

-205,221

-207,011

-206,140

-208,222

-224,040

-221,506

-226,379

-227,760

-231,615

-240,460

-256,733

Accumulated other comprehensive loss

-24,182

-18,113

-24,611

-22,280

-20,171

-22,527

-19,384

-19,117

-14,325

-17,880

-19,332

-22,598

-26,070

-27,715

-20,610

-20,385

-18,316

-18,830

-17,691

-16,584

-20,233

-16,456

-8,795

-5,385

-6,341

-6,342

-10,963

-14,357

-14,494

-9,749

-2,488

-4,678

-3,701

-5,024

-1,854

-269

-3,429

Total stockholders' equity

413,103

417,172

402,877

386,182

379,701

368,255

359,676

324,366

318,611

311,545

309,147

304,546

294,196

258,870

257,200

249,589

247,216

244,701

239,983

234,587

210,851

210,825

248,349

246,072

243,244

241,984

232,829

226,380

226,051

227,809

218,689

217,897

212,989

209,003

207,560

199,542

178,349

Noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

429

429

429

429

426

419

439

451

433

397

402

383

375

357

364

393

329

Total stockholders equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

244,701

239,983

234,587

211,280

211,254

248,778

246,501

243,670

242,403

233,268

226,831

226,484

228,206

219,091

218,280

213,364

209,360

207,924

199,935

178,678

Total liabilities and stockholders’ equity

841,968

869,736

857,960

783,373

752,660

719,576

759,436

741,761

733,748

726,703

722,308

549,613

535,266

425,637

416,737

413,885

416,531

416,045

425,900

432,428

415,068

396,294

450,539

465,789

453,984

378,807

377,908

390,029

400,318

337,460

341,827

345,899

341,256

348,503

353,255

384,014

367,167