ORBCOMM INC. ORBC Balance Sheet

Orbcomm inc. (ORBC)

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
ASSETS
Current assets:
Cash and cash equivalents
70,112	54,258	50,904	54,795	58,078	53,766	45,894	39,027	28,225	34,830	37,412	84,032	19,955	25,023	21,273	15,465	21,158	27,077	58,490	64,728	80,692	91,565	40,554	48,677	74,670	68,354	77,496	46,094	33,948	34,783	26,084	29,819	24,735	35,061	47,725	24,718	17,026
Cash held for acquisition
-	-	-	-	-	-	-	-	-	-	34,500	-	-	-	-	-	-	-	-	-	-	123,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31,917	56,696	27,969	47,508	43,382	46,888	45,973	33,208	54,788	67,902
Accounts receivable, net of allowance for doubtful accounts of $5,305 and $4,480, respectively
58,460	60,595	61,563	59,732	60,233	57,665	58,615	53,727	48,512	46,900	51,987	44,441	38,453	31,937	34,493	38,128	31,205	29,816	34,453	30,061	26,876	23,194	16,679	18,719	15,769	14,098	13,001	13,520	12,903	10,703	11,427	11,107	9,420	7,946	8,196	8,350	4,536
Inventories
40,473	39,881	38,224	33,621	35,059	34,300	37,042	44,862	48,250	42,437	36,186	29,681	23,401	23,217	21,718	20,416	21,665	20,712	17,077	17,308	15,765	11,650	12,013	7,637	6,616	5,186	4,047	4,272	3,134	3,748	3,523	3,254	3,680	2,815	1,907	2,139	172
Prepaid expenses and other current assets
16,200	18,003	19,314	16,308	17,848	15,553	18,996	18,751	19,798	18,692	13,152	11,947	6,418	8,031	4,357	7,576	5,818	5,646	4,961	5,252	5,771	2,333	3,702	2,930	2,449	1,768	2,030	2,408	1,684	1,484	1,380	1,254	1,806	1,660	1,652	1,721	1,377
Restricted cash - current
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,000	1,000	1,000	1,000
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	508	508	508	-	3,208	3,208	3,208	814	623	623	623	623	126	136	164	164	852	892	892	912	90	90	117
Total current assets
185,245	172,737	170,005	164,456	171,218	161,284	160,547	156,367	144,785	142,859	173,237	170,101	88,227	88,208	82,349	82,093	81,354	84,251	118,189	120,557	132,312	252,556	73,571	78,586	100,127	90,029	96,700	98,347	108,529	78,851	90,774	89,708	87,421	95,367	93,778	92,806	92,130
Satellite network and other equipment, net
140,291	145,553	149,769	153,076	155,649	160,070	165,176	168,724	171,633	174,178	176,104	211,666	214,059	215,841	218,505	232,167	235,182	229,970	195,238	189,683	188,461	180,621	179,241	167,632	136,544	133,028	129,156	119,865	111,352	101,208	96,829	83,642	83,135	79,771	74,677	73,486	71,684
Goodwill
166,129	166,129	166,129	166,129	166,129	166,129	166,129	166,129	166,436	166,678	132,994	137,397	114,033	114,033	114,002	114,038	112,425	112,425	101,899	102,128	102,734	39,870	39,929	40,149	40,711	20,335	19,842	19,900	14,740	14,740	14,553	14,553	14,030	11,131	9,099	9,099	0
Intangible assets, net
70,096	73,280	76,529	79,779	83,029	86,264	89,514	92,832	96,058	99,339	98,747	101,888	80,031	82,545	85,644	88,298	90,229	93,172	91,660	94,183	96,879	26,334	27,012	27,785	28,574	11,636	10,772	11,134	7,535	7,791	8,047	8,303	8,559	7,125	7,315	7,876	1,114
Restricted cash - non-current
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,195	1,195	1,195	1,195	1,195	2,195	2,195	2,195	2,195	2,195	2,195	2,195	2,195	2,195	2,195	2,220	2,220	2,220	3,030
Other assets
21,735	23,149	25,153	24,656	22,547	12,603	12,676	12,729	12,686	12,036	11,021	8,691	10,323	5,447	7,378	7,662	7,116	3,121	7,269	7,775	8,024	5,921	4,336	2,771	2,408	2,997	3,168	2,721	3,111	1,583	1,611	1,507	1,501	1,419	1,414	1,383	1,092
Deferred income taxes
207	132	127	127	495	109	181	173	161	104	86	86	86	80	-	-	-	80	51	50	51	51	1,253	1,254	1,254	1,254	464	395	400	398	135	132	128	136	55	105	141
Other investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,278
Total assets
583,703	580,980	587,712	588,223	599,067	586,459	594,223	596,954	591,759	595,194	592,189	629,829	506,759	506,154	507,878	524,258	526,306	523,019	515,501	515,571	529,656	506,548	326,537	320,372	311,813	261,474	262,297	254,557	247,862	206,766	214,144	200,040	196,969	197,169	188,558	186,975	171,469
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable
14,796	16,722	17,395	16,276	19,000	15,527	11,680	14,333	24,040	29,298	21,237	17,130	12,535	12,481	10,654	14,356	9,926	13,895	8,975	9,607	8,668	8,750	7,169	7,426	4,507	2,575	2,869	2,765	3,407	2,899	13,505	2,272	2,594	2,641	3,655	3,272	2,143
Accrued liabilities
35,625	36,951	41,754	34,074	40,570	35,735	41,972	42,384	43,329	33,016	34,090	37,210	32,678	30,431	27,399	25,630	29,458	24,058	22,668	24,484	27,020	20,336	18,407	12,538	10,385	9,827	14,303	9,097	8,232	11,271	9,064	9,096	8,574	14,127	6,938	6,861	6,043
Current portion of deferred revenue
6,932	3,865	2,308	3,708	5,312	5,954	3,622	5,010	4,631	6,263	6,738	7,264	7,293	7,414	7,565	8,373	7,373	7,652	4,821	5,610	3,936	3,525	3,782	3,668	3,353	3,087	3,266	3,787	2,456	2,394	2,457	2,437	2,193	2,099	2,117	2,286	2,134
Current portion of note payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	288	275	262	250	188	125	0
Total current liabilities
57,353	57,538	61,457	54,058	64,882	57,216	57,274	61,727	72,000	68,577	62,065	61,604	52,506	50,326	45,618	48,359	46,757	45,605	36,464	39,701	39,624	32,611	29,358	23,632	18,245	15,489	20,438	15,649	14,095	16,564	25,314	14,080	13,623	19,117	12,898	12,544	10,320
Note payable - related party
1,252	1,275	1,241	1,298	1,275	1,298	1,321	1,332	1,400	1,366	1,343	1,298	1,218	1,195	1,275	1,264	1,298	1,241	1,275	1,264	1,241	1,389	1,446	1,560	1,571	1,571	1,537	1,480	1,457	1,503	1,468	1,434	1,514	1,480	1,548	1,606	1,416
Notes payable, net of unamortized deferred issuance costs
261,877	246,683	246,489	246,295	246,101	245,907	245,713	245,519	245,325	245,131	244,937	244,743	147,685	147,458	150,000	150,000	150,000	146,548	150,000	150,000	150,000	150,000	45,000	45,000	45,000	45,000	45,000	45,000	45,000	3,398	3,167	3,237	3,306	3,376	3,433	3,490	0
Deferred revenue, net of current portion
2,708	6,771	8,771	7,432	6,463	5,471	6,779	3,834	3,304	2,459	2,559	2,963	2,888	2,978	3,622	4,411	5,140	6,024	2,532	2,693	2,342	2,579	2,347	2,417	2,452	2,373	2,227	2,160	2,060	1,959	1,937	1,872	1,738	1,570	1,437	1,400	1,239
Deferred tax liabilities
14,900	14,894	15,012	15,663	15,436	16,109	15,912	16,695	18,519	17,646	19,402	19,423	18,799	18,645	19,409	18,972	18,643	18,140	20,555	21,924	21,997	5,696	7,331	7,293	7,059	2,439	636	550	462	397	1,019	954	888	823	-	-	0
Other liabilities
15,623	16,303	14,162	12,374	10,065	2,600	6,662	6,242	11,889	13,619	12,261	11,944	3,401	3,684	3,714	4,294	5,039	5,705	6,015	4,309	7,484	5,764	5,783	5,707	4,979	1,654	2,265	1,627	623	557	934	949	1,020	226	231	258	375
Total liabilities
353,713	343,464	347,132	337,120	344,222	328,601	333,661	335,349	352,437	348,798	342,567	341,975	226,497	224,286	223,638	227,300	226,877	223,263	216,841	219,891	222,688	198,039	91,265	85,609	79,306	68,526	72,103	66,466	63,697	24,378	33,839	22,526	22,089	26,592	19,547	19,298	13,350
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
Equity:
Common stock, par value $0.001; 250,000,000 shares authorized; 78,525,184 and 78,062,451 shares issued at March 31, 2020 and December 31, 2019, respectively
78	78	78	80	80	79	79	79	75	74	74	74	72	71	71	71	71	71	71	70	70	70	55	55	55	48	48	47	47	47	47	47	47	46	46	46	43
Additional paid-in capital
449,431	447,681	448,833	454,587	452,240	449,343	446,407	444,069	413,866	411,298	407,616	406,339	388,418	386,920	385,435	384,355	382,914	381,659	380,120	378,972	377,981	376,297	297,203	296,282	295,412	255,358	253,027	251,555	249,340	248,469	247,866	247,275	246,753	244,543	243,681	243,260	234,125
Accumulated other comprehensive loss
-907	-1,013	-1,132	-582	-887	-381	-298	-141	674	256	-319	-473	-887	-1,089	-304	-496	-660	-1,174	-991	-1,181	-1,131	-583	-253	170	234	235	341	417	450	633	1,273	1,123	992	1,352	1,445	1,206	1,126
Accumulated deficit
-217,917	-210,942	-208,441	-204,416	-197,997	-192,507	-186,859	-183,564	-176,331	-166,245	-158,726	-119,032	-108,292	-104,949	-101,737	-87,689	-83,520	-81,424	-81,654	-83,236	-71,019	-68,137	-62,496	-62,463	-63,857	-63,416	-64,222	-65,193	-66,864	-67,956	-70,067	-72,374	-74,239	-76,629	-77,310	-77,856	-76,584
Less treasury stock, at cost; 836,904 shares and 0 shares at March 31, 2020 and December 31, 2019, respectively
2,502	-	433	96	96	96	96	96	96	96	96	96	96	96	96	96	96	96	96	96	96	96	96	96	96	96	96	96	96	96	96	96	-	-	-	-	-
Total ORBCOMM Inc. stockholders' equity
228,589	236,210	239,311	249,967	253,734	256,832	259,620	260,734	238,564	245,663	248,925	287,176	279,579	281,221	283,726	296,495	299,060	299,393	298,386	295,456	306,723	308,460	235,304	234,888	232,679	193,148	190,386	188,263	184,395	182,709	180,619	177,713	175,319	171,173	169,705	168,490	158,710
Noncontrolling interests
1,401	1,306	1,269	1,136	1,111	1,026	942	871	758	733	697	678	683	647	514	463	369	363	274	224	245	49	-32	-125	-172	-200	-192	-172	-230	-321	-314	-199	-439	-596	-694	-813	-591
Total equity
229,990	237,516	240,580	251,103	254,845	257,858	260,562	261,605	239,322	246,396	249,622	287,854	280,262	281,868	284,240	296,958	299,429	299,756	298,660	295,680	306,968	308,509	235,272	234,763	232,507	192,948	190,194	188,091	184,165	182,388	180,305	177,514	174,880	170,577	169,011	167,677	158,119
Total liabilities and equity
583,703	580,980	587,712	588,223	599,067	586,459	594,223	596,954	591,759	595,194	592,189	629,829	506,759	506,154	507,878	524,258	526,306	523,019	515,501	515,571	529,656	506,548	326,537	320,372	311,813	261,474	262,297	254,557	247,862	206,766	214,144	200,040	196,969	197,169	188,558	186,975	171,469
Series A Convertible Preferred Stock [Member]
Series A Convertible Preferred Stock, par value $0.001; 1,000,000 shares authorized; 40,624 shares issued and outstanding at March 31, 2020 and December 31, 2019
406	406	406	394	394	394	387	387	376	376	376	364	364	-	-	-	-	-	-	-	918	-	891	940	931	1,019	1,288	1,533	1,518	1,612	1,596	1,738	1,766	1,861	1,843	1,834	0