Universal display corporation (OLED)
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'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
CURRENT ASSETS:
Cash and cash equivalents

222,744

131,627

235,541

324,277

225,048

211,022

101,638

103,777

177,154

132,840

69,153

109,438

96,117

139,365

54,416

69,930

110,091

97,513

89,956

109,251

125,189

45,418

37,391

75,554

35,931

70,586

67,085

80,702

45,536

85,923

74,193

159,599

144,246

111,795

67,124

65,240

20,368

Short-term investments

417,032

514,461

361,515

228,434

301,549

304,323

391,972

353,651

280,103

287,446

296,282

256,117

228,861

188,644

231,452

246,281

269,498

297,981

271,593

246,986

203,339

243,088

230,968

215,331

230,990

202,024

181,193

163,983

175,311

158,018

164,585

190,417

194,331

234,294

270,829

261,158

52,794

Accounts receivable

82,592

60,452

65,774

66,952

52,124

43,129

43,207

35,583

22,768

52,355

43,256

39,702

36,321

24,994

22,476

17,984

20,866

24,729

28,350

17,378

18,164

22,075

22,107

20,500

24,508

15,657

17,785

14,451

10,527

8,657

7,871

9,580

8,708

10,727

11,761

6,541

7,247

Inventory

74,068

63,953

57,771

60,138

68,041

70,000

69,031

56,043

53,638

36,265

32,733

24,437

16,668

17,314

16,103

16,467

14,709

12,748

13,688

16,969

38,967

37,109

29,834

20,664

14,592

10,595

7,852

8,673

9,082

11,018

9,451

8,571

5,574

3,843

2,230

-

2

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

8,661

10,084

10,097

12,548

12,326

15,785

14,863

18,028

18,459

17,363

18,288

20,558

21,563

-

-

-

11

-

-

-

-

-

-

-

Other current assets

15,635

21,946

10,415

8,893

5,410

6,366

11,943

20,311

14,301

10,276

9,227

7,191

5,775

6,392

7,499

5,561

4,683

2,387

4,523

4,773

3,653

4,356

13,335

13,074

11,150

6,623

6,387

6,242

7,632

3,918

4,390

3,902

2,472

1,645

1,715

2,841

1,986

Total current assets

812,071

792,439

731,016

688,694

652,172

634,840

617,791

569,365

547,964

519,182

450,651

436,885

383,742

385,370

342,030

366,320

432,395

447,684

423,895

410,220

407,340

370,505

350,998

363,411

337,729

327,048

280,302

274,051

248,088

267,545

260,490

372,069

355,331

362,304

353,660

335,781

82,399

PROPERTY AND EQUIPMENT, net of accumulated depreciation of $60,891 and $57,276

88,350

87,872

86,266

83,595

80,615

69,739

67,467

62,348

58,428

56,450

49,358

38,691

28,552

27,203

25,768

22,610

22,362

22,407

21,490

20,905

20,485

19,922

17,860

16,973

15,004

14,893

14,698

13,904

12,512

11,808

11,713

12,011

12,268

10,884

10,827

10,487

9,711

ACQUIRED TECHNOLOGY, net of accumulated amortization of $137,613 and $132,468

85,629

90,774

95,919

101,063

106,208

110,951

116,086

121,230

126,380

131,529

136,679

141,828

146,977

152,127

157,276

162,469

69,265

72,015

74,765

77,514

80,264

83,014

85,763

88,513

91,261

94,011

96,768

99,494

102,196

104,624

107,367

380

376

391

405

420

0

OTHER INTANGIBLE ASSETS, net of accumulated amortization of $5,113 and $4,768

11,727

12,072

12,420

12,769

13,114

13,456

13,804

14,153

14,498

14,840

15,188

15,537

15,883

16,225

16,139

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

GOODWILL

15,535

15,535

15,535

15,535

15,535

15,535

15,535

15,535

15,535

15,535

15,535

15,535

15,535

15,535

15,548

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

INVESTMENTS

5,000

5,000

5,000

5,000

-

-

-

-

-

14,794

14,794

14,775

14,789

14,960

15,217

15,767

16,092

2,187

3,024

3,888

4,034

3,047

2,606

2,522

3,051

7,417

7,971

5,781

4,868

1,270

1,169

1,172

971

0

-

-

-

DEFERRED INCOME TAXES

28,729

30,375

26,437

25,204

24,781

24,377

13,910

10,534

29,944

27,022

44,618

44,067

49,750

15,832

12,352

12,293

15,287

14,945

10,917

12,299

12,936

12,934

14,435

15,456

18,309

19,143

-

-

-

0

-

-

-

-

-

-

-

OTHER ASSETS

89,335

86,090

89,957

79,220

75,765

64,526

39,151

40,084

2,391

604

347

317

215

307

423

543

645

174

232

345

405

425

508

494

602

242

282

275

259

277

262

289

284

299

312

323

216

TOTAL ASSETS

1,136,376

1,120,157

1,062,550

1,011,080

968,190

933,424

883,744

833,249

795,140

779,956

727,170

707,635

655,443

627,559

584,753

580,002

556,046

559,412

534,323

525,171

525,464

489,847

472,170

487,369

465,956

462,754

400,021

393,505

367,923

385,524

381,001

385,921

369,230

373,878

365,205

347,013

92,327

LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable

10,370

13,296

9,217

7,744

7,024

10,532

13,330

7,863

10,434

13,774

13,780

17,772

11,147

8,112

5,544

6,368

7,294

6,849

10,334

6,656

6,184

9,260

7,039

12,227

8,368

5,256

8,042

10,555

5,622

7,596

5,451

7,071

4,600

4,776

5,780

3,161

2,155

Accrued expenses

21,648

49,022

35,360

35,744

27,470

36,057

31,790

24,405

29,033

35,019

20,694

12,442

9,977

19,845

13,190

10,701

6,746

17,387

12,979

16,424

7,525

14,986

10,320

9,977

6,956

16,039

9,661

7,406

5,706

10,394

9,179

7,920

6,506

9,020

6,519

5,667

6,906

Deferred revenue

99,565

97,333

91,188

82,472

86,296

80,782

69,143

69,247

59,736

14,981

10,603

10,061

10,064

10,282

10,211

10,232

10,353

10,107

20,830

22,020

25,626

2,466

2,036

3,095

3,375

1,910

3,684

4,189

3,826

4,273

5,001

5,338

5,897

5,534

5,911

4,816

5,323

Stock warrant liability (Note 2)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

4,588

10,659

Other current liabilities

4,971

1,857

12,627

13,776

10,784

5,811

16

25

25

50

1,199

1,146

2,042

1,967

1,672

423

757

167

104

53

56

111

493

441

1,041

24

15

940

35

36

478

589

284

187

24

-

0

Total current liabilities

136,554

161,508

148,392

139,736

131,574

133,182

114,279

101,540

99,228

63,824

46,276

41,421

33,230

40,206

30,617

27,724

25,150

34,510

44,247

45,153

39,391

26,823

19,888

25,740

19,740

23,229

21,402

23,090

15,189

22,299

20,109

20,918

17,287

19,517

18,236

18,234

25,044

DEFERRED REVENUE

49,866

47,529

50,495

44,651

41,596

41,785

40,684

28,344

19,500

23,902

25,658

27,174

28,956

31,322

33,454

34,066

35,515

35,543

26,382

27,331

25,411

3,366

2,245

3,241

3,503

2,403

2,591

2,778

2,966

3,153

3,349

3,568

3,636

3,874

3,281

3,446

2,775

RETIREMENT PLAN BENEFIT LIABILITY

51,711

51,117

46,007

45,377

44,747

44,055

34,937

34,350

33,763

33,176

32,226

31,228

28,106

27,563

24,865

24,292

24,485

22,594

12,235

11,750

11,265

10,916

10,257

9,984

9,709

9,436

10,579

10,332

10,084

9,837

8,685

8,543

8,401

8,260

7,773

7,541

7,077

OTHER LIABILITIES

51,548

48,554

31,089

30,283

34,072

23,896

18,337

18,334

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

289,679

308,708

275,983

260,047

251,989

242,918

208,237

182,568

152,491

120,902

104,160

99,823

90,292

99,091

88,936

86,082

85,150

92,647

82,864

84,234

76,067

41,105

32,390

38,965

32,952

35,068

34,572

36,200

28,239

35,289

32,143

33,029

29,324

31,651

29,291

29,223

34,897

COMMITMENTS AND CONTINGENCIES (Note 15)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

-

-

0

-

-

-

0

-

-

0

0

-

-

0

0

-

-

0

SHAREHOLDERS' EQUITY:
Preferred Stock, par value $0.01 per share, 5,000,000 shares authorized, 200,000 shares of Series A Nonconvertible Preferred Stock issued and outstanding (liquidation value of $7.50 per share or $1,500)

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

-

Common Stock, par value $0.01 per share, 200,000,000 shares authorized, 48,910,232 and 48,852,193 shares issued, and 47,544,584 and 47,486,545 shares outstanding, at March 31, 2020 and December 31, 2019, respectively

489

489

488

488

488

487

487

487

486

485

485

484

484

483

483

483

483

482

475

475

474

471

469

469

469

468

467

466

466

465

465

465

463

461

460

455

389

Additional paid-in capital

621,967

620,236

614,194

611,596

616,206

617,334

613,310

608,932

609,404

611,063

606,415

603,438

605,331

604,364

596,453

593,170

592,769

589,885

586,533

583,338

580,282

581,114

577,971

575,454

573,574

572,401

568,896

566,409

564,379

564,883

563,383

562,152

560,346

561,492

560,635

548,871

280,102

Retained earnings

280,060

249,003

227,286

195,036

156,309

129,552

112,337

92,346

84,360

99,126

67,725

55,617

9,844

-25,557

-51,376

-49,876

-71,678

-73,627

-91,715

-98,762

-86,991

-88,305

-101,431

-105,716

-126,137

-130,159

-188,045

-193,587

-208,969

-204,211

-209,596

-204,128

-215,092

-213,871

-219,604

-225,594

-217,026

Accumulated other comprehensive loss

-14,537

-16,997

-14,119

-14,805

-15,520

-16,234

-9,994

-10,451

-10,968

-11,464

-11,459

-11,571

-10,352

-10,666

-9,587

-9,701

-10,522

-9,819

-3,678

-3,958

-4,212

-4,382

-4,073

-4,147

-4,246

-4,368

-5,213

-5,327

-5,536

-5,702

-5,396

-5,599

-5,813

-5,857

-5,579

-5,944

-6,037

Treasury stock, at cost (1,365,648 shares at March 31, 2020 and December 31, 2019)

41,284

41,284

41,284

41,284

41,284

40,635

40,635

40,635

40,635

40,158

40,158

40,158

40,158

40,158

40,158

40,158

40,158

40,158

40,158

40,158

40,158

40,158

33,158

17,658

10,658

10,658

10,658

10,658

10,658

5,202

-

-

-

0

-

-

-

Total shareholders’ equity

846,697

811,449

786,567

751,033

716,201

690,506

675,507

650,681

642,649

659,054

623,010

607,812

565,151

528,468

495,817

493,920

470,896

466,765

451,459

440,937

449,397

448,742

439,780

448,404

433,004

427,686

365,449

357,305

339,684

350,235

348,858

352,892

339,906

342,227

335,914

317,790

57,429

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

1,136,376

1,120,157

1,062,550

1,011,080

968,190

933,424

883,744

833,249

795,140

779,956

727,170

707,635

655,443

627,559

584,753

580,002

556,046

559,412

534,323

525,171

525,464

489,847

472,170

487,369

465,956

462,754

400,021

393,505

367,923

385,524

381,001

385,921

369,230

373,878

365,205

347,013

92,327