Performant financial corporation (PFMT)
Balance Sheet / Quarterly
Dec'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'12Dec'11
Assets
Current assets:
Cash and cash equivalents

3,373

6,888

4,313

4,364

5,462

5,654

7,977

8,663

21,731

23,179

21,260

26,960

32,982

48,302

53,188

48,063

71,182

78,277

76,056

77,315

80,298

84,970

81,461

90,743

81,909

69,554

51,299

39,347

37,843

32,204

20,004

Restricted cash

1,622

1,660

1,659

1,659

1,813

1,788

1,788

1,788

1,788

0

6,000

7,500

7,502

7,507

7,511

7,516

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trade accounts receivable, net of allowance for doubtful accounts of $237 and $22, respectively

27,170

-

-

-

20,879

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trade accounts receivable, net of allowance for doubtful accounts of $180 and $22, respectively

-

20,525

18,662

17,877

-

14,647

15,592

18,399

12,494

12,490

11,267

12,817

11,484

10,309

11,606

13,271

17,965

13,793

15,008

14,609

15,047

16,654

16,634

16,987

19,649

30,593

23,665

19,424

23,044

24,132

19,398

Contract assets

1,339

1,159

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

0

0

0

5,331

7,734

7,208

7,137

7,170

7,643

7,417

7,418

7,605

7,186

7,815

7,562

6,847

6,331

4,995

3,798

3,798

5,132

5,348

Prepaid expenses and other current assets

3,300

3,615

4,044

3,792

3,400

3,357

3,218

3,821

12,678

14,222

14,492

15,055

12,686

12,878

12,705

12,774

12,933

12,044

12,789

12,639

12,559

12,262

3,142

3,968

4,400

2,756

2,720

3,258

2,876

2,451

3,292

Income tax receivable

164

0

0

14

179

6,356

5,602

4,523

6,839

1,454

2,637

1,985

2,027

658

-

315

0

557

1,866

6,725

4,394

3,056

-

-

0

-

2,094

2,092

-

800

-

Debt issuance costs, current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,099

1,122

1,143

986

1,004

1,021

1,039

1,055

1,073

1,090

1,108

1,125

1,140

595

Total current assets

36,997

33,847

28,678

27,706

31,753

31,802

34,177

37,194

55,530

51,345

55,656

64,317

72,012

87,388

92,218

89,076

109,250

113,413

114,258

119,849

120,889

125,132

110,073

120,299

113,860

110,307

85,863

69,027

68,686

65,859

48,637

Property, Plant and Equipment, Net

18,769

19,829

20,871

21,488

22,255

23,122

20,667

21,071

20,944

21,393

22,805

24,054

23,735

23,740

24,217

24,856

25,515

25,592

26,628

27,070

27,647

26,681

27,171

26,977

26,247

24,323

23,479

21,450

20,669

18,237

14,915

Finite-Lived Intangible Assets, Net

925

983

1,042

1,101

1,160

4,306

4,458

4,661

4,864

5,066

5,269

5,621

5,895

22,268

23,202

24,137

25,074

26,018

26,962

27,913

29,093

29,715

30,648

31,580

32,513

33,445

34,378

35,312

36,244

37,177

36,516

Goodwill

74,372

81,572

81,600

81,572

81,600

81,572

81,572

81,572

81,572

81,572

81,572

82,522

82,522

82,522

82,522

82,522

82,522

82,522

82,522

82,522

82,522

81,572

81,572

81,572

81,572

81,572

81,572

81,572

81,572

81,572

81,572

ROU Assets

6,834

8,413

9,046

9,714

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

468

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

542

815

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

4,201

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

763

-

3,534

3,534

3,812

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,301

1,569

1,840

2,456

2,045

2,291

2,539

2,789

3,049

3,312

3,578

3,844

4,112

-

Other assets

975

1,043

1,043

1,019

1,019

1,024

1,013

1,018

1,058

897

915

895

914

157

171

169

179

194

206

220

222

233

249

259

279

613

673

709

730

671

659

Total assets

138,872

145,687

142,252

142,600

137,759

142,368

142,702

146,279

164,436

163,807

169,751

181,221

185,078

216,075

222,330

220,760

242,540

249,040

252,145

259,414

262,829

265,378

252,004

263,226

257,260

253,309

229,277

211,648

211,745

207,628

182,299

Liabilities and Stockholders’ Equity
Current liabilities:
Current maturities of notes payable to related party, net of unamortized discount and debt issuance costs of $130 and $126, respectively

3,320

3,182

2,677

2,806

2,224

2,593

2,059

2,044

2,029

1,512

1,071

13,702

9,738

12,422

14,652

16,637

7,998

9,076

9,193

16,793

9,820

8,939

9,819

22,217

10,763

10,763

10,763

11,040

11,040

11,040

8,134

Accrued salaries and benefits

6,126

6,995

5,478

7,364

5,759

7,262

4,670

5,986

4,569

5,640

4,509

5,777

4,315

8,518

7,240

6,322

4,761

7,691

7,833

6,453

5,380

6,883

9,207

7,879

11,826

10,537

8,155

6,149

9,288

6,344

7,138

Accounts payable

2,532

1,862

1,958

1,989

1,402

2,153

1,634

1,438

1,518

1,052

715

974

628

1,081

1,124

527

929

2,508

2,164

1,165

1,370

2,442

1,443

1,500

2,383

1,799

2,045

1,436

1,403

1,578

60

Other current liabilities

3,514

3,206

3,074

4,317

3,414

3,806

4,051

3,479

3,347

3,860

4,186

5,046

4,409

2,979

5,592

5,644

5,615

5,519

5,400

7,014

8,452

5,167

3,713

4,353

5,311

6,461

8,371

6,062

8,252

8,213

8,475

Income taxes payable

-

24

24

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

83

1,566

1,053

658

1,078

1,440

1,440

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

0

958

0

895

-

-

-

0

0

246

5,492

103

6,229

0

0

430

0

470

Deferred revenue

-

-

-

-

-

-

-

1,440

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,278

1,278

2,187

2,499

2,214

Estimated liability for appeals and disputes

1,018

400

315

300

210

302

873

885

18,817

19,145

19,179

19,298

19,305

19,556

19,405

19,064

19,118

18,943

18,711

18,675

18,625

17,216

18,401

17,683

15,283

12,697

8,895

6,509

4,378

3,655

450

Earnout payable

62

351

196

410

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liabilities

2,775

2,937

2,880

2,882

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net payable to client

-

-

-

-

-

0

0

0

12,800

12,669

13,104

13,039

13,074

13,419

14,793

15,938

14,400

14,689

15,161

14,847

12,110

13,987

-

-

0

-

-

-

-

-

-

Total current liabilities

19,430

20,492

17,655

20,681

14,087

17,556

14,727

15,272

43,080

43,878

42,764

57,836

51,469

57,975

63,764

64,132

53,716

58,426

58,462

64,947

55,757

54,634

42,829

59,124

45,669

48,486

39,507

32,474

36,978

33,329

26,941

Notes payable to related party, net of current portion and unamortized discount and debt issuance costs of $2,301 and $2,345, respectively

58,562

59,061

50,218

40,755

41,105

37,854

38,089

38,321

38,555

38,801

41,878

36,932

43,878

50,955

51,060

51,073

84,144

87,451

90,875

92,547

101,975

105,311

106,885

108,396

122,541

125,232

127,923

133,969

136,729

139,489

87,051

Deferred income taxes

35

53

53

53

22

204

396

578

0

-

-

-

1,130

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnout payable

475

499

828

1,802

1,936

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liabilities

4,984

6,566

7,310

8,028

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnout payable

-

-

-

-

-

1,876

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Line of credit, drawn

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,198

Deferred compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,761

Deferred income taxes

-

-

-

-

-

-

-

-

-

0

0

0

-

8,028

8,411

8,564

8,818

10,384

10,786

11,409

11,666

10,976

11,500

12,016

12,612

12,660

11,573

11,271

11,271

14,604

14,647

Other liabilities

1,761

2,272

2,240

2,167

3,383

2,936

3,118

2,872

2,476

2,099

2,285

2,318

2,356

1,776

1,896

1,965

2,006

2,600

2,455

2,762

2,259

2,139

1,871

1,968

2,204

1,898

2,150

2,417

2,694

2,890

1,158

Total liabilities

-

-

-

-

-

-

-

-

84,111

-

-

-

98,833

-

-

-

148,684

158,861

162,578

171,665

171,657

173,060

163,085

181,504

183,026

188,276

181,153

180,131

187,672

190,312

139,756

Total liabilities

85,247

88,943

78,304

73,486

60,533

60,426

56,330

57,043

-

84,778

86,927

97,086

-

118,734

125,131

125,734

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0

0

Stockholders’ equity:
Series A convertible preferred stock, $0.0001 par value. Authorized, 50,000 and 18,000 shares; issued and outstanding, 0 and 5,296 shares at December 31, 2012 and 2011, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

58,248

Due from stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,266

Common stock, $0.0001 par value. Authorized, 500,000 shares at December 31, 2019 and 2018, respectively; issued and outstanding, 53,900 and 52,999 shares at December 31, 2019 and 2018, respectively

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

4

4

4

4

4

4

Additional paid-in capital

80,589

79,846

78,980

77,747

77,370

76,821

73,642

72,915

72,459

71,684

67,628

66,499

65,650

64,451

63,595

62,898

61,808

60,326

59,400

58,308

57,329

56,096

52,218

50,934

49,791

48,460

47,005

41,593

35,970

35,186

19,371

Accumulated deficit

-26,969

-23,107

-15,037

-8,638

-149

5,116

12,725

16,316

7,861

7,340

15,191

17,631

20,590

32,885

33,599

32,123

32,043

29,848

30,162

29,436

33,838

36,217

36,696

30,783

24,438

16,569

1,115

-10,080

-11,901

-17,874

-32,814

Stockholders' Equity Attributable to Parent

53,625

56,744

63,948

69,114

77,226

81,942

86,372

89,236

80,325

79,029

82,824

84,135

86,245

97,341

97,199

95,026

93,856

90,179

89,567

87,749

91,172

92,318

88,919

81,722

74,234

65,033

48,124

31,517

24,073

17,316

-15,705

Total liabilities and stockholders’ equity

138,872

145,687

142,252

142,600

137,759

142,368

142,702

146,279

164,436

163,807

169,751

181,221

185,078

216,075

222,330

220,760

242,540

249,040

252,145

259,414

262,829

265,378

252,004

263,226

257,260

253,309

229,277

211,648

211,745

207,628

182,299