PERION NETWORK LTD. PERI Balance Sheet

Perion network ltd. (PERI)

Balance Sheet / Quarterly

Jun'18	Dec'17	Jun'17	Dec'16	Jun'16	Dec'15	Jun'15	Dec'14	Jun'14	Dec'13	Dec'12	Dec'11	Dec'10
Assets
Current Assets:
Cash and cash equivalents
34,662	31,567	20,925	23,962	31,665	17,519	72,242	101,183	35,551	949	21,762	11,260	16,055
Restricted cash
-	-	-	-	-	-	-	-	1,540	0	10,260	0	-
Short-term bank deposits
0	5,913	1,503	8,414	12,375	42,442	55,656	15,000	-	0	-	-	-
Marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	14,973
Accounts receivable (net of allowance of $609 and $584 at December 31, 2017 and June 30, 2018, respectively)
50,240	62,830	59,431	71,346	54,868	66,662	19,323	30,808	42,096	0	10,246	3,265	2,795
Prepaid expenses and other current assets
7,936	13,955	13,553	10,036	28,556	17,396	14,125	9,164	13,759	400	5,424	6,459	4,485
Total Current Assets
92,838	114,265	95,412	113,758	127,464	144,019	161,346	156,155	92,946	1,349	47,692	20,984	38,308
Severance pay fund
-	-	-	-	-	-	-	-	-	-	-	-	877
Property and equipment, net
15,938	17,476	16,050	14,205	13,659	12,714	12,240	12,180	5,488	2,189	1,522	1,300	1,381
Intangible assets, net
8,975	11,309	19,587	44,018	54,521	66,072	13,051	16,890	40,929	0	35,295	6,606	202
Goodwill
125,051	125,051	163,400	190,737	202,027	203,693	171,755	164,092	146,400	27,520	37,435	24,753	0
Deferred taxes
-	-	-	4,117	-	12,344	-	4,917	-	-	-	-	-
Deferred taxes
4,752	4,798	6,811	-	4,425	-	-	-	-	-	-	-	-
Other assets
699	1,128	1,493	1,617	2,041	3,456	3,381	1,905	4,043	0	1,215	1,261	580
Total long-term assets
-	-	-	-	-	-	-	-	-	-	-	33,920	3,040
Total Assets
248,253	274,027	302,753	368,452	404,137	442,298	361,773	356,139	289,806	31,058	123,159	54,904	41,348
Liabilities and Shareholders' Equity
Current Liabilities:
Accounts payable
35,150	39,180	31,937	38,293	39,492	40,388	15,079	21,173	24,641	13,358	9,560	3,207	1,831
Accrued expenses and other liabilities
16,172	17,784	15,434	17,466	18,462	22,857	15,148	25,517	19,121	1,423	14,679	6,950	6,206
Short-term loans and current maturities of long-term and convertible debt
13,472	13,989	13,749	17,944	20,740	23,756	9,697	2,300	-	-	-	-	-
Current maturities of long-term debt
-	-	-	-	-	-	-	-	-	0	2,300	0	-
Short term debt
-	-	-	-	-	-	-	-	2,300	-	-	-	-
Deferred revenues
4,432	5,271	5,245	5,354	6,146	7,731	7,653	7,323	7,748	6,250	5,132	4,280	2,204
Payment obligation related to acquisitions
5,146	5,146	7,130	7,653	20,170	11,893	7,646	8,587	6,680	0	20,317	6,574	0
Total Current Liabilities
74,372	81,370	73,495	86,710	105,010	106,625	55,223	64,900	60,490	21,031	51,988	21,011	10,241
Long-Term Liabilities:
Long-term debt, net of current maturities
-	-	-	37,928	-	46,920	-	1,950	-	-	-	-	-
Long-term debt, net of current maturities
19,382	30,026	33,984	-	43,724	-	-	-	3,100	-	6,550	0	-
Convertible debt, net of current maturities
7,937	16,693	16,672	21,862	21,703	28,371	29,589	35,752	-	0	-	-	-
Payment obligation related to acquisitions
-	-	-	-	22,365	37,231	0	5,058	-	0	-	-	-
Deferred taxes
-	-	88	8,087	6,591	19,456	-	331	-	-	-	-	-
Contingent purchase consideration
-	-	-	-	-	-	-	-	-	-	-	0	-
Deferred revenues
-	-	-	-	-	-	-	-	-	-	-	1,120	1,576
Other long-term liabilities
5,992	7,606	6,743	5,721	4,652	3,858	3,605	2,151	4,518	0	3,833	958	-
Total Liabilities
107,683	135,695	130,982	160,308	204,045	242,461	88,417	110,142	68,108	21,031	68,449	-	-
Accrued severance pay
-	-	-	-	-	-	-	-	-	-	-	-	1,379
Total long-term liabilities
-	-	-	-	-	-	-	-	-	-	-	2,078	2,955
Commitments and Contingencies
0	0	0	0	-	0	0	0	0	0	0	0	0
Shareholders' Equity:
Ordinary shares of ILS 0.03 par value - Authorized: 40,000,000 shares; Issued: 25,965,360 at December 31, 2017 and June 30,2018; Outstanding: 25,850,021 shares at December 31, 2017 and June 30, 2018
211	211	211	210	207	206	194	189	187	147	28	22	22
Additional paid-in capital
238,459	236,975	235,966	234,831	231,654	227,258	211,955	203,984	189,946	10,882	45,069	25,714	23,734
Treasury shares at cost (115,339 shares at December 31, 2017 and June 30, 2018)
1,002	1,002	1,002	1,002	1,002	1,002	1,002	1,002	-	1,002	1,002	1,002	1,002
Accumulated other comprehensive income
243	532	316	-265	87	-794	429	0	62	-	-	-	100
Accumulated deficit
-97,341	-98,384	-63,720	-25,630	-30,854	-25,831	61,780	42,826	31,503	0	10,615	7,081	5,298
Total Shareholders' Equity
140,570	138,332	171,771	208,144	200,092	199,837	273,356	245,997	221,698	10,027	54,710	31,815	28,152
Total Liabilities and Shareholders' Equity
248,253	274,027	302,753	368,452	404,137	442,298	361,773	356,139	289,806	31,058	123,159	54,904	41,348
Contingent purchase consideration
-	-	-	-	-	-	-	-	-	-	6,078	-	-