Orion energy systems, inc. (OESX)
Balance Sheet / Quarterly
Dec'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'11Mar'11
Assets
Cash and cash equivalents

13,762

11,098

10,230

8,729

6,596

5,665

7,835

9,424

10,563

8,671

8,485

17,307

19,118

18,734

14,160

15,542

17,458

13,446

17,936

20,002

4,755

11,130

16,336

17,568

18,339

17,563

15,464

14,376

13,074

13,214

18,951

23,011

18,233

15,559

12,557

11,560

Short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

472

471

471

470

1,025

1,024

1,022

1,021

1,020

1,019

1,017

1,016

1,015

1,014

1,012

1,011

Accounts receivable, net

15,224

26,996

24,003

14,804

6,096

5,778

7,183

8,736

8,663

8,141

7,040

9,171

11,730

12,236

13,097

10,889

14,632

15,871

18,945

18,263

17,977

14,816

13,651

15,098

20,328

17,254

23,695

18,397

20,233

19,447

16,368

19,167

20,509

18,700

24,781

23,401

Revenue earned but not billed

789

4,200

3,508

3,746

3,125

703

1,055

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories, net

12,235

17,635

14,933

13,403

9,024

8,327

8,597

7,826

8,771

9,310

12,266

13,593

16,572

17,007

15,490

17,024

18,435

15,898

15,703

14,283

15,040

12,103

10,858

11,790

13,517

15,207

15,376

14,313

17,766

18,411

16,369

18,132

19,473

19,104

18,435

15,877

Deferred contract costs

-

-

-

-

0

0

0

1,000

1,115

185

1,704

935

1,333

392

237

37

46

150

171

90

821

1,125

130

742

669

2,453

3,011

2,118

1,727

4,764

2,746

2,193

2,686

2,907

12,895

9,589

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,463

1,549

1,254

1,731

1,575

1,049

Prepaid expenses and other current assets

714

676

677

695

627

417

408

2,467

1,543

1,766

3,093

2,877

1,685

1,187

2,804

5,038

528

1,213

1,417

2,407

7,211

1,676

2,786

4,673

4,795

2,483

2,032

2,465

3,363

1,727

2,086

2,174

2,280

4,223

1,471

1,727

Total current assets

42,724

60,605

53,351

41,377

25,468

20,890

25,078

29,453

30,655

28,073

32,588

43,883

50,438

49,556

45,788

48,530

51,099

46,578

54,172

55,045

46,276

41,321

44,232

50,341

58,673

55,984

60,600

52,690

57,183

58,582

59,000

67,242

65,450

63,238

72,726

64,214

Property and equipment, net

11,920

11,906

11,945

12,010

12,056

12,281

12,571

12,894

13,213

13,367

13,638

13,786

13,850

14,049

14,242

17,004

19,186

19,823

20,538

21,223

21,548

21,599

22,667

23,135

25,254

26,127

27,012

27,947

28,747

29,769

30,145

30,225

30,595

30,233

30,126

30,017

Long-term inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

10,940

10,607

9,544

9,878

9,887

12,408

11,871

12,273

12,784

12,328

-

13,212

13,212

13,212

Goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,409

4,409

4,409

4,409

4,409

4,409

4,409

4,409

4,676

4,899

-

0

-

-

-

-

-

-

-

-

Other intangible assets, net

2,257

2,351

2,375

2,469

2,554

2,664

2,747

2,868

3,054

3,203

4,065

4,207

4,579

4,779

4,805

5,048

5,371

5,699

6,012

6,335

6,486

6,822

7,264

7,551

7,705

7,568

-

1,709

-

-

-

-

-

-

-

-

Long-term inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,212

-

-

-

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

145

134

-

-

213

213

4,141

2,609

2,461

2,211

2,157

2,354

Patents and licenses, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,695

-

1,686

1,698

1,681

1,689

1,702

1,677

1,631

1,620

Long-term accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

6

13

79

108

150

208

282

426

709

1,178

1,539

1,966

2,841

3,460

4,078

5,069

6,107

6,735

7,104

7,555

8,496

8,636

8,673

7,251

Other long-term assets

139

185

262

165

255

102

105

110

121

125

118

175

165

168

187

185

214

242

353

367

156

162

959

931

2,246

2,285

2,261

2,274

3,562

3,962

4,042

4,002

2,985

2,334

2,325

2,419

Total assets

57,040

75,047

67,933

56,021

40,333

35,937

40,501

45,325

47,043

44,768

50,409

62,051

69,038

68,565

65,101

70,875

80,429

76,959

85,766

87,805

79,584

75,491

92,010

98,940

111,084

110,335

105,533

102,097

109,369

113,232

118,897

125,650

124,901

121,541

130,850

121,087

Liabilities and Shareholders’ Equity
Accounts payable

16,950

32,402

26,862

19,706

11,345

8,850

10,215

11,675

11,685

7,840

9,608

11,635

12,318

12,383

10,200

11,716

12,020

8,694

13,012

11,003

16,618

9,066

6,941

8,530

11,197

11,925

10,643

7,773

13,359

15,166

11,803

14,300

15,488

10,384

16,553

12,483

Accrued expenses and other

6,241

8,265

8,332

7,410

5,314

4,828

4,909

4,171

5,155

5,453

5,128

5,988

5,962

5,741

6,336

6,586

3,471

3,937

3,833

5,197

5,071

3,692

4,013

4,597

4,717

4,427

5,963

5,457

6,760

6,485

3,244

3,018

3,511

2,554

2,305

2,184

Deferred revenue, current

85

114

121

123

119

117

89

499

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue, current

-

-

-

-

-

-

-

-

277

849

823

621

687

601

314

243

361

319

308

287

369

403

376

614

1,182

822

4,022

2,946

1,462

3,756

2,635

2,614

2,596

4,681

12,191

8,427

Current maturities of long-term debt

56

77

97

96

82

81

80

79

85

86

110

152

192

242

560

746

1,164

1,581

1,723

1,832

2,677

2,926

3,187

3,450

3,677

3,326

2,451

2,597

2,737

2,871

2,788

2,791

2,344

2,351

1,855

1,137

Total current liabilities

23,332

40,858

35,412

27,335

16,860

13,876

15,293

16,424

17,202

14,228

15,669

18,396

19,159

18,967

17,410

19,291

17,016

14,531

18,876

18,319

24,735

16,087

14,517

17,191

20,773

20,500

23,079

18,773

24,318

28,278

20,470

22,723

23,939

19,970

32,904

24,231

Revolving credit facility

829

3,755

8,972

9,202

3,329

1,419

2,302

3,908

3,622

3,083

3,853

6,629

5,882

4,860

2,488

3,719

4,973

2,463

3,188

2,500

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, less current maturities

53

57

59

81

43

-

-

105

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, less current maturities

-

-

-

-

-

64

85

-

125

144

164

190

216

237

281

302

316

350

687

722

-

-

-

3,151

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue, long-term

734

753

772

791

810

828

847

940

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, less current maturities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,679

2,090

2,595

-

3,762

5,041

3,405

4,109

4,720

5,365

6,022

6,704

6,341

6,930

6,076

4,225

Deferred revenue, long-term

-

-

-

-

-

-

-

-

946

952

945

944

963

983

1,003

1,022

1,042

1,061

1,212

1,231

1,251

1,271

1,295

1,316

1,336

1,355

1,372

1,258

3,070

3,128

3,161

3,048

1,527

1,583

1,665

1,777

Other long-term liabilities

671

692

655

642

626

621

615

524

509

541

560

442

443

443

443

558

538

528

528

522

522

522

272

270

874

944

250

188

401

401

401

406

400

400

400

399

Total liabilities

25,619

46,115

45,870

38,051

21,668

16,808

19,142

21,901

22,404

18,948

21,191

26,601

26,663

25,490

21,625

24,892

23,885

18,933

24,491

23,294

28,187

19,970

18,679

21,928

26,745

27,840

28,106

24,328

32,509

37,172

30,054

32,881

32,207

28,883

41,045

30,632

Commitments and contingencies

-

-

-

-

-

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

Shareholders’ equity:
Preferred stock, $0.01 par value: Shares authorized: 30,000,000 at December 31, 2019 and March 31, 2019; no shares issued and outstanding at December 31, 2019 and March 31, 2019

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, no par value: Shares authorized: 200,000,000 at December 31, 2019 and March 31, 2019; shares issued: 39,717,207 at December 31, 2019 and 39,037,969 at March 31, 2019; shares outstanding: 30,253,062 at December 31, 2019 and 29,600,158 at March 31, 2019

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

0

0

0

0

0

0

Additional paid-in capital

156,359

156,174

-

155,828

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Treasury stock, common shares: 9,464,145 at December 31, 2019 and 9,437,811 at March 31, 2019

36,164

36,164

-

36,091

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid-in capital

-

-

156,015

-

155,642

155,442

155,231

155,003

154,758

154,506

154,230

153,901

153,533

153,142

152,575

152,140

151,831

151,301

150,929

150,516

132,506

131,968

131,433

130,987

129,797

129,067

128,540

128,104

127,778

126,148

127,224

126,753

126,072

125,869

124,270

124,132

Treasury stock, common shares: 9,461,826 at June 30, 2019 and 9,437,811 at March 31, 2019

-

-

36,153

-

36,092

36,090

36,087

36,085

36,085

36,087

36,082

36,081

36,080

36,075

36,077

36,075

36,075

36,067

36,046

36,049

35,811

35,812

35,812

36,034

36,354

36,356

38,376

38,378

38,381

36,913

34,912

32,470

32,025

31,757

31,671

31,708

Shareholder notes receivable

-

-

-

-

-

-

-

-

0

0

0

4

4

4

4

4

4

4

4

4

39

39

40

50

52

146

264

265

296

283

236

221

217

244

226

193

Retained deficit

-88,774

-91,078

-97,799

-101,767

-100,885

-100,223

-97,785

-95,494

-94,034

-92,599

-88,930

-82,366

-75,074

-73,988

-73,018

-70,078

-59,208

-57,204

-53,604

-49,952

-45,259

-40,596

-22,250

-17,891

-9,052

-10,070

-12,473

-11,692

-12,241

-12,892

-3,233

-1,293

-1,136

-1,210

-2,568

-1,776

Total shareholders’ equity

31,421

28,932

22,063

17,970

18,665

19,129

21,359

23,424

24,639

25,820

29,218

35,450

42,375

43,075

43,476

45,983

56,544

58,026

61,275

64,511

51,397

55,521

73,331

77,012

84,339

82,495

77,427

77,769

76,860

76,060

88,843

92,769

92,694

92,658

89,805

90,455

Total liabilities and shareholders’ equity

57,040

75,047

67,933

56,021

40,333

35,937

40,501

45,325

47,043

44,768

50,409

62,051

69,038

68,565

65,101

70,875

80,429

76,959

85,766

87,805

79,584

75,491

92,010

98,940

111,084

110,335

105,533

102,097

109,369

113,232

118,897

125,650

124,901

121,541

130,850

121,087