National Research Corporation NRC Balance Sheet

National research corporation (NRC)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	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
Current assets:
Cash and cash equivalents
10,021	13,517	8,358	4,020	2,641	12,991	7,273	6,698	35,478	34,733	35,750	31,628	34,664	33,021	28,878	27,192	25,366	42,145	37,580	40,555	37,010	40,042	39,063	31,539	26,453	22,092	18,934	10,802	9,234	8,286	15,026	11,168	7,872	8,082	6,223	4,464	3,519
Trade accounts receivable, less allowance for doubtful accounts of $143 and $144, respectively
17,403	11,639	15,308	15,087	15,888	11,922	16,544	10,689	14,306	14,806	13,588	13,138	13,524	10,864	14,115	11,075	14,101	9,808	12,889	10,273	11,804	8,116	10,924	11,450	12,046	11,043	11,377	14,523	14,378	12,119	14,206	13,051	13,577	11,187	12,281	11,587	9,172
Unbilled revenue
-	-	-	-	-	-	-	-	-	-	1,283	1,644	1,923	1,546	1,301	1,835	1,418	1,435	1,108	1,472	1,322	1,169	1,130	1,722	1,263	1,282	2,123	1,729	1,552	932	886	1,502	999	913	975	1,985	1,115
Prepaid expenses
2,608	2,038	2,000	2,696	3,606	2,925	3,674	4,408	2,330	2,310	3,075	3,378	2,237	1,585	1,530	1,785	1,965	1,482	1,686	2,051	1,956	1,418	1,584	1,778	1,964	1,310	1,723	1,895	2,171	1,269	1,909	1,878	2,167	768	1,050	1,377	1,347
Income taxes receivable
580	69	556	637	217	348	1,001	1,713	68	375	61	1,172	24	14	12	728	1,919	157	723	759	604	1,100	156	612	237	357	334	255	-	158	90	171	-	-	369	800	1,277
Insurance receivable
2,771	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	453	356	241	349	27	27	3	53	-	119	155	547	334	454	644	789	729	632	911
Other current assets
1,556	1,894	348	448	521	224	278	125	96	35	65	23	11	35	81	126	45	34	287	305	234	994	318	347	309	429	417	342	379	504	-	-	-	398	-	-	-
Assets held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,341	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current assets
34,939	29,157	26,570	22,888	22,873	28,410	28,770	23,633	52,278	52,259	53,822	50,983	52,383	47,065	45,917	42,741	44,814	55,061	56,067	55,771	53,171	53,188	53,202	47,475	42,275	36,566	34,908	29,665	27,869	23,815	32,451	28,224	25,259	22,137	21,627	20,845	17,341
Net property and equipment
12,655	13,530	13,696	13,872	13,968	14,153	14,269	13,320	12,456	12,359	12,089	12,138	12,133	11,806	11,659	11,843	11,631	11,125	11,161	11,743	11,604	12,143	11,943	12,179	11,725	11,898	12,040	12,089	12,192	12,493	12,907	13,124	13,511	13,613	13,888	13,804	14,482
Intangible assets, net
1,635	1,728	1,822	1,915	2,008	2,102	2,260	2,428	2,596	2,764	2,932	2,830	2,977	3,124	3,271	3,418	3,592	3,778	3,969	4,932	5,194	5,456	4,209	4,419	4,630	4,840	5,050	5,274	5,528	5,794	6,063	6,335	6,685	7,073	7,460	7,848	8,638
Goodwill
57,746	57,935	57,896	57,922	57,877	57,831	57,955	57,913	57,956	58,021	58,036	57,942	57,881	57,861	57,913	57,946	57,944	57,792	57,867	58,336	58,280	58,489	57,475	57,599	57,499	57,593	57,698	57,638	57,736	57,799	57,839	57,715	57,798	57,730	57,693	57,589	55,133
Deferred contract costs, net
4,896	4,204	3,993	3,743	3,642	3,484	3,371	3,369	3,571	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating ROU assets
1,460	1,628	1,805	1,985	2,140	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
2,524	2,503	1,867	1,950	2,063	2,052	2,092	2,222	2,119	1,913	1,861	683	685	768	541	551	389	293	412	266	203	234	234	196	148	191	218	233	177	145	169	196	125	123	284	212	176
Total assets
115,855	110,685	107,649	104,275	104,571	108,032	108,717	102,885	130,976	127,316	128,740	124,576	126,059	120,624	119,301	116,499	118,370	128,049	129,476	131,048	128,452	129,510	127,063	121,868	116,277	111,088	109,914	104,899	103,502	100,046	109,429	105,594	103,378	100,676	100,952	100,298	95,770
Current liabilities:
Current portion of notes payable
4,631	4,378	4,133	3,890	3,714	3,667	3,623	3,575	0	1,067	1,693	2,107	2,499	2,683	2,460	2,441	2,422	2,402	2,383	2,364	2,346	2,328	2,310	2,291	2,273	2,256	2,238	2,403	12,110	12,436	13,076	2,093	2,072	1,861	1,878	3,260	1,827
Line of credit
-	-	-	1,000	1,750	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
655	1,279	777	1,186	1,530	613	839	1,362	724	593	548	883	817	765	705	732	1,572	614	1,221	1,358	721	830	541	923	674	654	818	1,146	1,298	291	503	770	1,075	783	1,316	870	956
Accrued wages, bonus and profit sharing
4,913	6,086	5,192	5,535	4,017	5,798	4,586	4,669	3,538	6,597	4,151	4,076	3,306	4,543	3,893	3,823	4,496	4,391	4,730	3,669	4,023	4,365	4,084	3,187	3,366	4,319	3,937	3,071	2,803	4,392	3,779	3,041	2,922	3,591	3,391	3,540	4,315
Accrued expenses
4,292	3,408	3,504	2,813	2,571	2,834	3,266	2,261	3,116	2,882	3,122	2,730	2,658	3,069	3,131	2,722	2,716	2,706	5,149	4,806	4,900	2,535	2,798	2,542	2,768	2,462	2,488	2,251	2,550	2,265	2,802	1,955	1,834	1,418	1,648	1,517	1,351
Current portion of capital lease obligations
-	-	-	-	-	-	202	87	53	71	87	102	101	82	82	81	66	74	79	113	121	151	159	174	117	114	110	108	105	102	-	-	-	101	-	-	-
Income taxes payable
-	366	14	43	1,763	636	70	97	865	-	1,862	0	3,563	662	79	0	0	701	0	0	-	110	112	108	-	92	-	-	1,341	-	-	-	153	145	-	-	-
Dividends payable
5,278	5,239	4,735	4,727	4,724	17,113	4,209	4,206	4,223	4,222	4,218	4,218	4,218	4,213	3,372	3,371	3,369	18,440	-	-	-	2,512	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
19,111	16,354	19,133	16,988	18,241	16,244	18,642	16,660	16,965	16,878	18,486	16,735	17,189	15,497	17,409	16,100	17,877	14,843	17,454	16,972	15,483	15,095	16,983	16,062	14,740	13,885	16,516	15,763	15,541	15,812	17,527	17,413	16,361	16,500	18,423	17,960	17,701
Other current liabilities
999	1,045	824	894	928	204	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Income Taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20	-	-	-	-	-	-	-	-	-	-
Liabilities held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	568	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current liabilities
39,879	38,155	38,312	37,076	39,238	47,109	35,437	32,917	29,484	32,310	34,167	30,851	34,351	31,514	31,131	29,270	32,518	44,171	31,584	29,282	27,594	27,926	26,987	25,287	23,938	23,782	26,127	24,742	35,748	35,298	37,687	25,272	24,417	24,399	26,656	27,147	26,150
Notes payable, net of current portion and unamortized debt issuance costs
28,593	29,795	30,977	32,139	33,223	34,176	35,109	36,029	0	-	0	0	225	857	1,485	2,107	2,724	3,337	3,945	4,548	5,146	5,740	6,328	6,912	7,492	8,068	8,638	9,203	-	-	-	11,457	11,948	12,625	12,916	13,392	14,333
Deferred income taxes
7,704	7,399	7,210	6,768	6,534	6,276	6,599	5,808	5,153	4,030	4,855	5,057	5,275	4,670	4,901	4,918	6,520	5,744	6,811	6,939	7,271	7,432	6,905	6,997	7,250	6,939	7,177	7,207	7,204	7,527	7,094	7,175	7,934	7,588	7,358	6,701	6,193
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24	44	63	123	123	163	202	243	296	344	405	254	326	347	372	185	207	234	184
Other long term liabilities
2,382	2,444	2,175	2,325	2,837	1,388	1,433	1,314	975	935	874	838	636	777	559	546	438	575	522	540	535	541	412	431	76	301	138	168	198	225	253	280	300	325	305	280	326
Total liabilities
78,558	77,793	78,674	78,308	81,832	88,949	78,578	76,068	35,612	37,275	39,896	36,746	40,487	37,818	38,076	36,841	42,200	53,827	42,886	41,353	40,609	41,762	40,755	39,790	38,958	39,333	42,376	41,664	43,555	43,304	45,360	44,531	44,971	45,122	47,442	47,754	47,186
Shareholders’ equity:
Preferred stock, $0.01 par value, authorized 2,000,000 shares, none issued
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, $0.001 par value; authorized 60,000,000 shares, issued 30,412,055 in 2020 and 30,151,574 in 2019, outstanding 25,132,001 in 2020 and 24,947,500 in 2019
30	30	30	30	30	30	30	30	-	26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	-	8	8	8	8	8	8	8
Additional paid-in capital
165,631	162,154	160,524	158,691	158,247	157,312	156,384	155,614	52,216	51,025	50,121	49,620	48,787	46,725	46,345	45,645	43,519	44,103	43,335	45,745	45,370	44,864	44,127	43,859	43,614	42,192	41,298	-	40,832	39,493	35,880	34,280	33,414	31,080	30,630	30,059	28,970
Retained earnings (accumulated deficit)
-86,880	-93,357	-96,817	-100,201	-102,867	-106,339	-97,027	-99,810	83,392	77,574	75,278	75,343	73,810	71,507	69,995	68,638	67,118	65,313	77,826	76,197	74,649	73,686	72,099	67,547	63,495	58,042	54,275	-	47,028	44,700	53,061	51,258	49,082	46,995	45,340	44,172	41,343
Accumulated other comprehensive loss, foreign currency translation adjustment
-3,333	-2,209	-2,442	-2,296	-2,551	-2,916	-2,053	-2,333	-2,049	-1,635	-1,528	-2,127	-2,508	-2,626	-2,315	-2,117	-2,121	-2,995	-2,570	-1,542	-1,827	-773	-231	359	-103	302	746	-	889	1,124	1,267	848	1,117	907	797	1,294	1,108
Treasury stock, at cost; 5,280,054 Common shares in 2020 and 5,204,074 shares in 2019
38,151	33,726	32,320	30,257	30,120	29,004	27,195	26,684	38,225	36,953	35,057	35,036	34,547	32,830	32,830	32,538	32,376	32,229	32,031	30,735	-30,378	30,058	29,716	29,716	29,716	28,810	28,810	28,810	28,810	28,604	26,147	25,331	25,214	23,436	23,265	22,989	22,845
Total shareholders’ equity
37,297	32,892	28,975	25,967	22,739	19,083	30,139	26,817	95,364	90,041	88,844	87,830	85,572	82,806	81,225	79,658	76,170	74,222	86,590	89,695	87,843	87,748	86,308	82,078	77,319	71,755	67,538	63,235	59,947	56,742	64,069	61,063	58,407	55,554	53,510	52,544	48,584
Total liabilities and shareholders’ equity
115,855	110,685	107,649	104,275	104,571	108,032	108,717	102,885	130,976	127,316	128,740	124,576	126,059	120,624	119,301	116,499	118,370	128,049	129,476	131,048	128,452	129,510	127,063	121,868	116,277	111,088	109,914	104,899	103,502	100,046	109,429	105,594	103,378	100,676	100,952	100,298	95,770
Common Class B [Member]
Common stock, value
-	-	-	-	-	-	-	-	-	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-