Onespan inc. (OSPN)
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 equivalents

79,624

84,282

54,889

49,126

69,907

76,708

91,935

101,432

126,484

78,661

49,261

56,402

56,278

49,345

31,457

35,578

70,321

78,522

144,002

82,110

74,207

72,441

80,985

93,342

109,492

98,607

92,121

85,649

104,644

106,469

96,141

85,145

93,377

84,497

77,494

84,630

85,533

Short term investments

25,652

25,511

26,442

26,296

25,363

22,789

-

-

39,953

79,733

109,463

99,814

89,698

94,856

110,082

100,172

54,878

44,961

39,977

74,900

74,879

64,940

44,924

29,972

-

0

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net of allowances of $3,165 in 2020 and $2,524 in 2019

62,971

62,405

76,571

68,185

59,084

59,631

42,534

41,704

34,445

48,126

34,612

28,315

35,237

36,693

27,230

32,691

37,897

29,426

36,867

39,153

31,029

29,994

27,368

22,074

21,438

28,528

27,590

25,961

26,268

27,574

29,572

33,868

22,736

31,618

28,758

22,540

21,702

Inventories, net

18,373

19,819

18,977

20,220

15,241

14,428

15,307

14,454

11,504

12,040

17,395

17,675

18,823

17,420

18,439

17,919

18,024

20,618

21,902

30,285

32,697

33,875

31,430

25,692

25,816

25,653

26,312

25,488

21,688

18,675

17,695

17,089

19,568

16,033

16,807

14,174

10,710

Prepaid expenses

6,334

6,198

6,645

7,016

5,720

4,733

5,201

6,329

6,478

3,876

4,000

3,642

4,190

3,249

3,375

3,296

3,454

3,051

2,330

2,355

2,795

2,312

2,248

2,576

2,544

2,719

2,883

1,916

1,943

1,896

1,819

1,636

1,884

1,657

1,939

2,419

1,859

Contract assets

7,389

7,058

6,138

5,167

4,672

7,962

6,653

4,915

4,874

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign sales tax receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

186

269

339

402

510

444

346

231

598

339

418

583

543

696

734

849

415

1,046

442

281

683

740

584

2,282

Other current assets

7,626

6,346

8,218

7,516

6,731

5,705

7,309

7,978

4,547

5,501

4,705

4,655

5,172

5,410

4,108

4,380

4,845

4,778

985

1,067

1,384

1,160

1,580

1,652

2,324

2,051

1,140

60

344

41

188

1,331

1,298

343

255

1,774

199

Assets of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

3

4

4

-

-

-

0

1,765

1,896

1,898

1,910

2,244

2,113

2,184

2,651

2,592

2,576

2,554

2,545

2,616

-

0

Total current assets

207,969

211,619

197,880

183,526

186,718

191,956

168,939

176,812

228,285

227,937

219,436

210,503

209,398

207,159

194,962

194,378

189,825

183,365

246,732

230,866

217,365

206,226

192,484

178,767

164,965

161,645

154,147

142,598

158,546

159,435

150,249

143,935

144,141

139,758

128,888

126,753

122,654

Furniture and fixtures

-

-

10,726

7,769

7,688

-

7,560

7,730

7,451

5,655

6,415

5,918

5,676

5,547

5,667

5,573

5,584

5,354

5,252

5,182

5,035

5,231

5,289

5,394

5,314

5,221

5,173

5,000

4,922

5,035

4,881

4,863

5,063

4,924

5,102

5,316

4,657

Office equipment

-

-

11,896

11,862

11,077

-

10,905

10,384

10,012

13,084

14,454

14,030

13,281

13,028

13,407

13,205

12,822

11,512

10,972

10,791

10,372

10,751

10,838

11,152

10,672

10,407

10,103

8,882

8,748

8,718

8,189

7,782

7,700

7,390

7,133

8,218

7,511

Total Property and equipment:

-

-

22,622

19,631

18,765

-

18,465

18,114

17,463

18,739

20,869

19,948

18,957

18,575

19,074

18,778

18,406

16,866

16,224

15,973

15,407

15,982

16,127

16,546

15,986

15,628

15,276

13,882

13,670

13,753

13,070

12,645

12,763

12,314

12,235

13,534

12,168

Accumulated depreciation

-

-

13,826

13,397

12,886

-

11,989

11,533

11,163

13,963

17,056

16,658

15,814

15,294

15,228

14,704

14,409

13,767

13,603

13,204

12,721

13,157

13,150

13,354

12,932

12,483

11,967

10,412

9,946

9,701

9,140

8,649

8,517

7,909

7,670

7,837

7,397

Property and equipment, net

12,157

11,454

8,796

6,234

5,879

6,250

6,476

6,581

6,300

4,776

3,813

3,290

3,143

3,281

3,846

4,074

3,997

3,099

2,621

2,769

2,686

2,825

2,977

3,192

3,054

3,145

3,309

3,470

3,724

4,052

3,930

3,996

4,246

4,405

4,565

5,697

4,771

Operating lease right-of-use assets

11,538

10,580

10,903

8,278

8,768

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

91,556

94,612

91,037

92,903

92,730

91,841

94,672

95,456

57,025

56,332

56,384

55,763

54,706

54,409

70,822

70,937

71,812

80,853

21,060

21,272

20,454

22,208

23,195

24,428

23,608

23,532

23,082

22,001

12,781

13,176

12,820

12,539

13,298

12,910

13,556

17,204

12,772

Intangible assets, net of accumulated amortization

33,052

36,209

37,752

40,571

43,436

45,462

46,540

49,138

35,733

37,888

40,084

42,212

44,361

46,549

31,319

33,471

35,728

37,970

9,556

10,662

11,692

12,819

13,997

15,293

15,675

16,733

17,777

18,729

6,147

6,507

6,904

7,296

7,691

8,091

8,539

11,411

1,603

Deferred income taxes

7,966

7,863

5,542

5,594

5,581

5,601

4,911

4,922

4,975

5,460

-

-

-

11,116

0

0

0

1,495

225

650

143

906

1,845

1,145

870

1,634

1,161

677

626

1,714

1,196

1,848

2,443

2,382

279

632

369

Contract assets - non-current

3,792

3,565

5,213

1,987

4,027

3,316

4,407

7,534

7,488

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

8,967

8,668

8,154

8,080

8,340

8,400

7,476

6,649

7,062

5,229

15,969

17,212

16,431

4,756

14,182

11,263

8,932

6,535

6,671

5,950

6,815

7,260

7,661

8,512

8,742

6,822

2,681

2,840

3,557

3,336

4,208

3,195

3,216

3,759

2,049

2,067

1,141

Total assets

376,997

384,570

365,277

347,173

355,479

352,826

333,421

347,092

346,868

337,622

335,686

328,980

328,039

327,270

315,131

314,123

310,294

311,822

286,640

271,519

259,012

251,338

240,314

230,192

216,044

211,877

200,996

189,638

184,755

186,506

178,111

170,961

172,592

168,923

157,597

163,132

142,941

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable

9,113

10,835

13,074

11,643

14,957

7,202

3,456

6,520

4,822

8,144

6,038

8,377

7,437

8,915

6,704

7,929

8,635

8,803

4,357

5,984

9,952

10,680

8,786

10,360

6,614

6,378

6,077

6,323

6,846

7,765

5,110

4,548

7,944

7,328

4,869

7,076

8,857

Deferred revenue

33,349

30,338

29,456

28,322

33,356

33,633

28,344

30,675

30,433

33,295

31,331

30,588

38,102

36,364

30,507

28,331

29,120

22,450

19,001

18,049

18,206

17,830

18,090

17,048

14,977

15,703

12,533

10,766

9,411

8,146

7,661

7,721

8,082

8,649

7,982

10,324

6,464

Accrued wages and payroll taxes

10,706

15,415

13,693

12,997

10,443

13,932

11,711

10,837

10,669

11,643

12,317

11,227

12,572

10,894

11,158

10,404

10,523

10,291

8,026

7,372

7,026

8,458

8,888

8,274

7,608

7,067

7,647

7,532

6,966

6,212

6,576

6,124

6,262

6,564

7,505

7,529

4,971

Short-term income taxes payable

2,974

7,711

4,735

1,341

3,429

6,905

1,600

1,599

1,435

3,673

2,625

1,881

1,680

4,594

4,174

6,130

3,904

4,823

2,840

1,951

2,088

1,899

3,032

2,498

3,829

4,087

3,902

1,306

0

378

37

0

0

1,965

2,779

2,670

2,109

Other accrued expenses

11,081

8,786

9,163

8,366

9,931

9,323

10,683

10,680

9,598

7,746

6,682

5,193

5,204

5,464

4,491

5,103

4,772

7,820

6,557

5,004

5,013

5,413

5,467

5,384

4,191

3,841

3,842

4,201

4,012

3,688

3,451

4,119

4,459

3,162

4,665

5,248

3,364

Deferred compensation

1,446

1,028

1,315

1,029

1,235

1,362

1,120

583

395

1,652

1,073

824

1,972

1,729

1,015

560

130

1,503

1,071

562

86

806

-

-

-

0

-

-

0

2,424

2,295

2,061

3,350

1,908

-

-

0

Liabilities of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

84

85

134

111

49

1

7

30

30

19

385

1,335

1,365

1,322

1,349

1,592

1,867

-

0

Total current liabilities

68,669

74,113

71,436

63,698

73,351

72,357

56,914

60,894

57,352

66,153

60,066

58,090

66,967

67,960

58,049

58,457

57,084

55,690

41,936

39,007

42,505

45,197

44,312

43,565

37,226

37,106

34,031

30,147

27,620

29,948

26,495

25,895

31,446

31,168

29,667

32,847

25,765

Long-term deferred revenue

16,033

15,259

12,075

14,173

10,428

10,672

5,254

6,947

6,773

7,019

-

-

-

-

-

-

-

-

-

-

-

-

50

60

-

-

95

83

90

-

94

88

100

-

19

25

-

Long-term lease liability

12,600

11,299

11,304

7,474

7,852

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

526

175

6

115

76

31

-

0

0

90

0

1,526

1,043

1,026

456

Other long-term liabilities

7,711

8,297

5,518

5,885

5,605

7,075

6,125

7,556

7,500

5,919

9,516

9,489

1,881

5,709

51

59

67

76

39

43

49

55

-

-

65

57

-

-

-

97

-

-

-

106

-

-

47

Long-term income taxes payable

6,958

6,958

7,111

7,111

7,617

7,620

9,141

11,648

12,848

12,848

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

4,387

4,623

3,758

4,017

2,668

2,661

6,111

9,131

8,169

7,753

795

821

1,000

439

840

1,025

956

8,008

77

102

126

213

262

295

320

321

161

120

131

141

168

195

294

324

357

1,204

180

Total liabilities

116,358

120,549

111,202

102,358

107,521

100,385

83,545

96,176

92,642

99,692

70,377

68,400

69,848

74,108

58,940

59,541

58,107

63,774

42,052

39,152

42,680

45,465

45,150

44,095

37,617

37,599

34,363

30,381

27,841

30,186

26,757

26,268

31,840

33,124

31,086

35,102

26,448

Stockholders' equity
Preferred stock: 500 shares authorized, none issued and outstanding at December 31, 2020 and 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

Common stock: $.001 par value per share, 75,000 shares authorized; 40,314 and 40,207 issued and outstanding at March 31, 2020 and December 31, 2019, respectively

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

39

39

39

39

39

39

39

38

38

38

38

Additional paid-in capital

97,166

96,109

94,694

94,272

93,644

93,310

93,224

92,115

91,106

90,307

89,125

88,358

87,871

87,481

88,832

87,708

86,891

85,766

84,769

83,720

82,819

82,450

81,892

81,131

80,432

79,871

76,133

75,574

75,031

74,965

73,970

73,521

72,676

71,720

70,089

69,191

68,428

Accumulated income

181,012

181,167

176,118

164,246

166,707

172,378

168,409

169,317

170,319

156,151

181,989

179,234

179,124

178,551

173,539

173,061

170,235

168,036

164,553

153,371

139,519

125,885

113,961

102,797

95,911

92,401

89,170

85,851

84,043

81,256

79,239

74,730

67,567

65,658

54,881

52,645

47,524

Accumulated other comprehensive loss

-17,579

-13,295

-16,777

-13,743

-12,433

-13,287

-11,797

-10,556

-7,239

-8,568

-5,845

-7,052

-8,844

-12,910

-6,220

-6,227

-4,979

-5,794

-4,774

-4,764

-6,046

-2,502

-729

2,129

2,044

1,966

1,291

-2,207

-2,199

60

-1,894

-3,597

470

-1,617

1,503

6,156

503

Total stockholders' equity

260,639

264,021

254,075

244,815

247,958

252,441

249,876

250,916

254,226

237,930

265,309

260,580

258,191

253,162

256,191

254,582

252,187

248,048

244,588

232,367

216,332

205,873

195,164

186,097

178,427

174,278

166,633

159,257

156,914

156,320

151,354

144,693

140,752

135,799

126,511

128,030

116,493

Total liabilities and stockholders' equity

376,997

384,570

365,277

347,173

355,479

352,826

333,421

347,092

346,868

337,622

335,686

328,980

328,039

327,270

315,131

314,123

310,294

311,822

286,640

271,519

259,012

251,338

240,314

230,192

216,044

211,877

200,996

189,638

184,755

186,506

178,111

170,961

172,592

168,923

157,597

163,132

142,941