Nexeo solutions, inc. (NXEO)
Balance Sheet / Quarterly
Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Jun'14
Current Assets
Cash and cash equivalents

54

58

43

42

41

53

34

95

33

47

38

0

0

-

0

0

0

1

Accounts and notes receivable (net of allowance for doubtful accounts of $3.9 million and $4.2 million, respectively)

549

607

625

630

562

597

555

540

452

474

475

-

-

-

-

-

-

-

Inventories

360

338

360

374

367

315

362

336

301

315

321

-

-

-

-

-

-

-

Income taxes receivable

6

5

5

2

3

3

-

-

-

2

-

-

-

-

-

-

-

-

Other current assets

16

17

17

22

21

19

25

23

25

22

21

-

-

-

-

-

-

-

Prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

0

Total current assets

987

1,028

1,053

1,072

995

990

977

995

812

863

857

0

0

-

0

0

0

1

Non-Current Assets
Property, Plant and Equipment, Net

279

284

288

296

306

316

321

327

332

322

339

-

-

231

-

-

-

-

Goodwill

697

699

700

706

703

703

694

661

658

665

693

-

-

0

-

-

-

-

Finite-Lived Intangible Assets, Net

204

211

218

227

224

231

233

211

216

215

216

-

-

-

-

-

-

-

Deferred income taxes

1

2

2

2

2

2

1

1

1

1

1

-

-

-

-

-

-

-

Other Assets, Noncurrent

9

16

15

13

11

10

8

10

10

10

9

-

-

-

-

-

-

-

Total non-current assets

1,191

1,214

1,225

1,245

1,249

1,263

1,259

1,212

1,217

1,215

1,260

-

-

-

-

-

-

-

Investments and cash held in trust account

-

-

-

-

-

-

-

-

-

-

-

501

500

-

500

500

500

-

Cash held in trust account

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

500

Assets

2,179

2,243

2,278

2,317

2,244

2,253

2,236

2,207

2,030

2,078

2,118

501

500

-

500

501

501

501

Current Liabilities
Short-term borrowings, current portion of long-term debt and capital lease obligations

49

47

47

49

48

51

48

47

48

47

50

-

-

-

-

-

-

-

Accounts payable

308

380

374

390

325

384

349

353

280

325

313

-

-

-

-

-

-

-

Accrued expenses and other liabilities

38

67

56

54

45

58

51

37

36

45

47

-

-

-

-

-

-

-

Due to related party pursuant to contingent consideration obligations

14

14

9

8

8

12

4

5

-

0

-

-

-

-

-

-

-

-

Income taxes payable

2

2

3

7

3

3

1

2

2

2

1

-

-

-

-

-

-

-

Accrued expenses

-

-

-

-

-

-

-

-

-

-

-

1

0

-

0

0

0

0

Sponsor convertible note

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

-

0

-

Sponsor promissory note

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

Accrued formation and offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

State franchise tax accrual

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

0

Total current liabilities

413

512

490

510

430

509

456

445

367

421

412

2

0

-

0

1

0

0

Non-Current Liabilities
Long-term debt and capital lease obligations, less current portion, net

805

752

806

829

852

794

855

871

783

765

780

-

-

-

-

-

-

-

Deferred income taxes

29

30

33

30

33

34

22

16

18

23

39

-

-

-

-

-

-

-

Due to Related Parties, Noncurrent

100

122

112

121

108

127

139

135

129

118

142

-

-

-

-

-

-

-

Other non-current liabilities

12

10

10

7

9

9

9

7

7

5

5

18

18

-

18

18

18

18

Total non-current liabilities

946

916

962

989

1,004

966

1,026

1,031

937

912

968

-

-

-

-

-

-

-

Total other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

-

-

-

Total Liabilities

1,359

1,429

1,452

1,500

1,435

1,475

1,482

1,476

1,305

1,334

1,380

20

19

-

19

19

19

18

Commitments and contingencies

-

-

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

Common stock subject to possible redemption; 47,512,924 and 47,663,155 shares at March 31, 2016 and December 31, 2015, respectively (at redemption value of $10.00 per share)

-

-

-

-

-

-

-

-

-

-

-

475

476

-

476

476

476

477

Equity
Equity
Preferred stock, $0.0001 par value (1,000,000 shares authorized, none issued and outstanding as of September 30, 2018 and September 30, 2017)

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

0

0

0

Common stock, $0.0001 par value (300,000,000 shares authorized, 89,747,062 shares issued and 89,727,546 shares outstanding as of September 30, 2018 and 89,353,641 shares issued and 89,344,065 shares outstanding as of September 30, 2017)

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

0

0

0

Additional paid-in capital

773

771

769

767

766

764

763

761

760

758

757

7

6

-

6

6

6

5

Retained earnings

50

34

49

31

31

4

-8

-19

-17

-9

-18

-2

-1

-

-1

-1

-1

-0

Accumulated other comprehensive income (loss)

-3

9

7

17

11

8

0

-11

-17

-4

-2

-

-

-

-

-

-

-

Treasury stock, at cost: 56,900 and 19,516 shares as of December 31, 2018 and September 30, 2018

0

0

0

0

0

0

0

-

-

0

-

-

-

-

-

-

-

-

Total equity

819

814

825

817

808

777

754

731

725

744

737

5

5

-

5

5

5

5

Total Liabilities and Equity

2,179

2,243

2,278

2,317

2,244

2,253

2,236

2,207

2,030

2,078

2,118

501

500

-

500

501

501

501