HIGHER ONE HOLDINGS, INC. ONE Balance Sheet

Higher one holdings, inc. (ONE)

Balance Sheet / TTM

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
40,008	35,024	26,868	27,785	16,760	14,982	40,022	32,445	18,059	10,951	6,268	11,830	6,823	11,051	13,031	27,044	25,449	33,818	39,085	33,442	50,473	34,484
Investments in marketable securities
-	-	-	251	250	250	249	249	248	248	247	247	247	247	-	245	11,146	21,813	-	17,889	16,884	14,697
Investments in marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	247	-	-	-	15,743	-	-	-
Accounts receivable
9,319	6,610	4,638	12,581	16,881	12,033	4,765	11,982	13,973	10,996	8,747	10,104	11,317	6,549	4,860	8,704	6,900	5,394	3,672	5,534	5,330	2,622
Income receivable
3,851	6,546	7,648	8,624	6,409	6,950	9,053	11,767	7,377	9,543	6,680	7,306	13,523	6,915	-	8,990	8,085	5,159	-	6,293	3,407	3,719
Income receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,466	-	-	-	5,961	-	-	-
Deferred tax assets
-	-	-	11,338	3,757	3,836	-	3,513	480	504	5,895	19	5	0	37	0	28	30	33	38	41	48
Income tax receivable, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,593	1,608	4,294	861	12,671	-	-	2,381
Prepaid expenses and other current assets
15,091	6,186	5,693	5,408	5,311	4,791	7,697	6,308	9,368	4,132	7,725	14,139	9,104	6,127	9,297	7,688	7,134	3,192	6,774	8,291	7,432	4,600
Current assets related to discontinued operations
0	-	4,359	-	-	-	4,272	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash
-	-	-	-	-	-	-	250	250	250	250	250	0	2,000	2,000	2,365	2,635	-	0	-	-	-
Total current assets
68,269	54,366	49,206	65,987	49,368	42,842	66,058	66,514	49,755	36,624	35,812	43,895	41,019	32,889	38,531	56,644	65,671	70,267	83,939	71,487	83,567	70,801
Deferred costs
1,874	3,207	3,553	6,133	6,910	7,663	4,187	4,631	4,971	5,139	4,373	4,188	4,224	4,382	4,665	3,306	3,475	3,631	3,776	3,398	3,447	3,782
Fixed assets, net
33,873	40,512	36,628	43,374	44,040	45,394	46,315	48,178	48,675	49,359	49,888	52,879	52,905	52,175	52,686	53,250	53,714	52,299	46,088	37,643	18,890	9,919
Intangible assets, net
16,734	29,855	18,008	51,637	53,272	54,920	37,106	57,529	58,367	58,913	59,834	58,867	59,859	37,690	38,143	38,283	16,704	16,875	16,787	16,153	16,921	18,456
Goodwill
41,942	53,022	41,942	67,403	67,403	67,403	53,022	67,403	67,403	67,403	67,403	66,548	66,548	47,000	47,000	46,910	15,830	15,830	15,830	15,830	15,830	15,830
Loan receivable related to New Markets Tax Credit financing
7,633	7,633	7,558	7,633	7,633	7,633	7,633	7,633	7,633	7,633	7,633	7,633	7,633	7,633	7,633	7,633	7,633	-	7,633	-	-	-
Loan receivable related to New Markets Tax Credit financing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,633	-	-	-	0
Other assets
12,176	2,850	2,909	3,092	3,176	3,162	2,523	1,002	4,998	4,938	4,940	1,066	1,059	821	740	619	619	605	712	1,787	542	653
Restricted cash
1,651	2,729	2,729	-	-	-	2,725	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-current assets related to discontinued operations
0	-	30,437	-	-	-	33,983	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax assets, non current
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,423	-	-	-	1,950	762	-
Restricted cash
-	-	-	2,728	-	2,725	-	2,475	2,475	2,475	2,500	2,500	1,500	1,500	1,500	1,500	1,500	1,250	1,250	1,075	1,075	0
Restricted cash
-	-	-	-	2,725	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	8,250
Total assets
184,152	194,174	192,970	247,987	234,527	231,742	253,552	255,365	244,277	232,484	232,383	237,576	234,747	184,090	190,898	209,568	165,146	168,390	176,015	149,323	141,034	119,441
Current liabilities:
Accounts payable
967	2,743	1,205	2,044	2,448	3,598	3,276	2,151	2,655	2,938	3,787	3,122	2,596	3,224	3,756	3,798	3,369	3,814	3,118	2,487	3,473	3,063
Accrued expenses
10,373	18,548	13,436	50,423	24,962	28,843	25,833	28,891	25,059	17,006	30,322	31,974	13,391	18,190	12,526	12,125	13,285	18,289	26,414	22,097	13,948	11,786
Contingent consideration, current portion
-	-	-	-	-	-	-	-	-	0	-	0	535	5,839	2,230	2,286	-	-	0	-	-	-
Deferred tax liabilities
-	-	-	-	-	-	-	-	-	0	-	0	0	154	356	868	-	-	0	-	-	-
Acquisition payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	8,250
Deferred revenue
18,184	16,118	15,460	31,930	30,503	23,207	16,216	29,521	27,460	20,815	22,392	22,014	21,129	16,420	16,027	16,861	12,741	10,039	9,690	10,646	10,573	7,974
Current liabilities related to discontinued operations
0	-	9,759	-	-	-	9,060	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current liabilities
29,524	37,409	39,860	84,397	57,913	55,648	54,385	60,563	55,174	40,759	56,501	57,110	37,651	43,827	34,895	35,938	29,395	32,142	39,222	35,230	27,994	31,073
Deferred revenue and other non-current liabilities
5,619	5,346	5,230	4,443	4,238	3,921	3,858	3,442	2,341	2,304	2,342	2,349	2,404	2,362	2,517	2,210	2,156	2,162	2,173	2,143	2,217	2,051
Loan payable and deferred contribution related to New Markets Tax Credit financing
8,406	8,483	8,561	8,638	8,716	8,794	8,871	8,948	9,026	9,103	9,181	9,258	9,336	9,413	9,490	9,568	9,646	-	9,801	-	-	-
Loan payable and deferred contribution related to New Markets Tax Credit financing
-	-	-	-	-	8,794	-	8,948	9,026	9,103	-	9,258	9,336	9,413	9,490	9,568	9,646	-	9,801	-	-	-
Debt
19,000	29,000	29,000	59,000	59,000	59,000	94,000	94,000	94,000	94,000	89,000	100,000	112,000	63,000	80,000	30,000	-	-	0	-	-	-
Contingent consideration, non-current portion
-	-	-	-	-	-	-	-	-	0	-	0	0	0	3,520	11,024	-	-	0	-	-	-
Deferred tax liabilities
2,819	1,179	1,404	961	2,839	3,831	95	821	2,237	2,016	2,393	3,982	4,078	-	-	-	-	-	-	-	-	-
Non-current liabilities related to discontinued operations
0	-	184	-	-	-	161	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan payable and deferred contribution related to New Markets Tax Credit financing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,723	-	-	-	0
Deferred tax liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-2,073	-2,764	0	-649	-842	-1,233	0	0	-2,926
Total liabilities
65,368	81,417	84,239	157,439	132,706	131,194	161,370	167,774	162,778	148,182	159,417	172,699	165,469	120,675	133,186	88,740	41,846	44,869	52,429	37,373	30,211	36,050
Commitments and contingencies (Note 7)
0	-	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	0	-	0	0	0
Stockholders equity:
Common stock, $.001 par value; 200,000,000 shares authorized; 60,762,029 shares issued and 48,676,224 shares outstanding at June 30, 2016 and 59,921,503 shares issued and 48,008,477 shares outstanding at December 31, 2015
61	60	60	60	60	60	60	60	60	60	60	60	60	59	59	59	58	57	58	57	57	56
Additional paid-in capital
195,062	191,668	191,391	189,746	188,364	187,094	185,588	185,109	183,933	182,965	181,339	179,511	178,418	176,115	174,218	171,351	166,347	164,714	161,268	155,298	148,395	136,760
Treasury stock, 12,085,805 11,913,026 shares at June 30, 2016 and December 31, 2015, respectively
137,899	137,899	137,899	137,899	137,899	137,899	137,899	137,899	137,899	137,899	137,899	137,899	137,899	137,899	131,903	53,808	39,013	33,106	16,208	14,244	-	0
Accumulated other comprehensive loss
-124	-113	-113	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained earnings
61,684	59,041	55,292	38,641	51,296	51,293	44,433	40,321	35,405	39,176	29,466	23,205	28,699	25,140	15,338	3,226	-4,092	-8,144	-21,532	-29,161	-37,629	-53,425
Total stockholders equity
118,784	112,757	108,731	90,548	101,821	100,548	92,182	87,591	81,499	84,302	72,966	64,877	69,278	63,415	57,712	120,828	123,300	123,521	123,586	111,950	110,823	83,391
Total liabilities and stockholders equity
184,152	194,174	192,970	247,987	234,527	231,742	253,552	255,365	244,277	232,484	232,383	237,576	234,747	184,090	190,898	209,568	165,146	168,390	176,015	149,323	141,034	119,441