Pfsweb inc (PFSW)
Balance Sheet / Yearly
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 cash equivalents

14,503

12,434

13,511

11,812

14,679

15,419

14,258

13,622

16,646

19,078

12,769

19,132

15,640

24,425

15,699

16,692

15,636

21,781

13,000

15,721

14,770

18,128

19,501

23,195

23,753

22,418

21,293

21,638

17,951

19,626

17,793

17,107

18,165

17,695

19,538

18,959

18,430

Restricted cash

214

214

207

207

207

207

214

214

214

214

215

215

215

215

219

219

224

275

52

374

293

521

202

270

169

130

466

457

362

283

471

728

212

827

468

1,267

1,853

Accounts receivable, net of allowance for doubtful accounts of $1,237 and $1,071 at March 31, 2020 and December 31, 2019, respectively

63,898

72,262

50,613

52,916

52,545

72,415

52,909

53,387

50,004

72,062

56,541

61,656

60,762

80,223

64,934

60,418

59,971

70,700

55,552

42,961

50,424

59,126

45,157

40,050

46,098

55,292

37,715

37,873

40,501

45,684

38,057

39,172

41,989

52,679

38,906

37,225

41,438

Inventories, net of reserves of $166 and $291 at March 31, 2020 and December 31, 2019, respectively

2,012

3,281

4,061

6,536

4,124

6,090

5,238

5,677

6,660

5,326

5,183

7,734

8,047

6,632

7,155

8,049

8,433

9,262

8,673

10,333

9,852

10,534

14,506

13,757

11,372

14,169

17,326

17,822

20,643

24,654

25,453

27,060

29,977

30,487

41,292

38,985

35,161

Other receivables

4,019

3,324

3,018

3,531

3,906

4,014

3,435

4,460

4,754

5,366

5,272

5,100

5,347

6,750

4,821

4,926

6,615

8,704

3,973

4,565

5,419

5,638

-

-

-

5,241

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

7,696

6,954

5,678

6,355

7,202

6,943

4,945

6,470

6,893

6,633

4,930

5,440

6,706

7,299

5,017

5,841

-

5,662

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,776

Other receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,262

4,696

5,481

-

7,645

6,984

7,712

7,675

7,340

7,983

10,187

11,915

11,034

12,779

14,539

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,997

-

3,853

4,551

5,633

7,103

5,437

5,742

4,585

4,713

4,590

4,364

4,325

4,346

4,663

4,335

4,431

4,697

4,710

4,405

3,580

Total current assets

92,342

98,469

77,088

81,357

82,663

105,088

80,999

83,830

85,171

108,679

84,910

99,277

96,717

125,544

97,845

96,145

96,876

116,384

85,103

78,505

86,391

101,050

89,065

87,710

91,458

101,963

89,035

89,138

91,494

102,268

93,777

96,385

104,961

118,300

115,948

113,620

117,777

PROPERTY AND EQUIPMENT:
Cost

97,582

99,750

101,742

100,240

98,363

-

118,202

116,690

116,953

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: accumulated depreciation

80,501

81,314

82,276

80,522

78,391

-

96,272

94,932

93,833

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

PROPERTY AND EQUIPMENT

17,081

18,436

19,466

19,718

19,972

21,496

21,930

21,758

23,120

24,178

26,097

26,976

28,265

30,264

28,812

26,915

23,670

24,093

24,852

23,912

25,066

26,604

26,970

25,237

26,379

27,190

26,667

26,611

27,045

27,917

25,539

25,574

22,680

14,945

13,059

10,775

9,124

OPERATING LEASE RIGHT-OF-USE ASSETS

34,550

36,403

36,340

38,269

38,788

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

IDENTIFIABLE INTANGIBLES, net

1,012

1,135

1,301

1,469

1,636

1,803

2,163

2,535

2,956

3,371

4,410

5,150

5,881

6,864

-

-

-

8,810

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

IDENTIFIABLE INTANGIBLES, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,125

9,295

7,962

-

12,916

1,813

1,940

2,170

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

GOODWILL

44,910

45,393

44,936

45,167

45,348

45,185

45,304

45,424

45,961

45,698

46,210

46,210

46,210

46,210

45,929

45,601

39,829

39,829

40,778

10,322

8,366

8,366

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

GOODWILL and INTANGIBLE ASSETS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,851

-

-

-

-

-

-

-

-

-

-

-

-

-

-

ASSETS OF DISCONTINUED OPERATIONS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,126

OTHER ASSETS

3,909

3,772

3,829

3,684

3,560

3,501

3,500

3,636

3,742

3,861

3,733

3,653

3,643

2,454

2,433

2,294

2,199

2,174

2,321

2,101

2,243

2,556

2,568

2,863

3,021

2,883

2,880

2,887

3,009

3,286

3,928

3,052

3,043

3,127

2,200

2,216

2,203

Total assets

193,804

203,608

182,960

189,664

191,967

177,073

153,896

157,183

160,950

185,787

165,360

181,266

180,716

211,336

183,144

180,250

170,536

191,290

165,970

116,653

124,006

140,746

128,454

115,810

120,858

132,036

118,582

118,636

121,548

133,471

123,244

125,011

130,684

136,372

131,207

126,611

130,230

LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Trade accounts payable

37,455

44,640

32,992

35,009

35,147

47,580

29,313

30,910

32,038

45,070

28,236

44,697

43,257

59,752

38,009

39,649

35,214

51,170

29,356

27,839

28,396

38,842

29,590

27,224

27,472

34,096

26,153

26,760

31,988

40,493

33,437

35,658

43,475

48,544

55,007

49,134

55,692

Accrued expenses

21,013

21,625

18,004

19,946

19,509

24,623

24,395

22,532

24,388

29,074

26,427

25,901

26,338

30,360

25,109

23,950

26,174

30,563

35,412

24,124

26,084

26,135

26,046

18,167

21,525

25,045

21,299

18,981

20,860

23,097

19,353

19,023

20,757

18,657

17,987

18,690

15,870

Current portion of operating lease liabilities

8,728

8,904

8,457

8,164

7,835

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term debt and finance lease obligations

3,040

2,971

3,002

2,824

2,846

2,610

3,069

5,537

6,017

9,460

6,648

7,833

6,662

7,300

5,672

5,166

6,267

3,153

3,512

5,717

10,153

6,850

7,428

8,001

8,579

8,231

8,820

8,940

19,290

16,660

19,073

19,196

15,661

23,939

18,259

19,191

18,320

Deferred revenues

4,846

6,058

4,287

5,843

6,883

7,328

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

956

-

-

-

-

Deferred revenue

-

-

-

-

-

-

5,058

5,397

5,969

7,405

5,537

5,345

5,827

7,156

6,238

6,377

6,499

7,390

5,600

6,806

7,880

9,098

11,046

10,230

8,813

8,181

9,166

7,870

6,943

6,648

6,808

7,365

7,494

6,766

6,481

5,470

5,254

Performance-based contingent payments

-

-

-

-

-

-

-

-

4,000

3,967

3,934

3,902

2,425

2,405

-

867

11,440

11,679

-

-

-

2,338

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

75,082

84,198

66,742

71,786

72,220

82,141

61,835

64,376

72,412

94,976

70,782

87,678

84,509

106,973

75,028

76,009

85,594

103,955

73,880

64,486

72,513

83,263

74,110

63,622

66,389

75,553

65,438

62,551

79,081

86,898

78,671

81,242

88,343

97,906

97,734

92,485

95,136

LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS, less current portion

37,313

34,829

33,811

31,831

32,698

39,348

40,112

40,329

36,685

37,866

44,535

45,912

46,353

52,399

54,749

49,864

30,683

32,238

34,870

3,739

3,949

4,062

3,876

2,192

2,440

2,876

3,473

4,224

4,664

5,400

5,771

6,284

4,388

3,583

1,806

1,135

2,136

DEFERRED REVENUES, less current portion

959

1,398

1,532

1,648

1,590

1,927

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

DEFERRED REVENUE, less current portion

-

-

-

-

-

-

2,513

2,869

2,846

4,034

4,555

4,702

4,073

4,127

4,280

4,413

4,496

4,499

4,197

4,481

4,504

5,355

6,066

6,195

6,948

7,491

6,177

7,343

6,889

7,562

6,190

5,112

-

5,908

-

-

-

DEFERRED RENT

-

-

-

-

-

4,625

4,882

5,129

5,263

5,464

5,654

4,869

4,658

4,810

4,849

4,918

4,343

4,362

4,430

4,561

4,720

4,870

5,069

5,174

5,041

5,191

5,142

5,237

5,375

5,560

5,661

5,571

5,678

901

-

-

-

OPERATING LEASE LIABILITIES

31,165

33,295

33,581

35,921

36,688

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

PERFORMANCE-BASED CONTINGENT PAYMENTS, less current portion

-

-

-

-

-

-

-

-

-

-

-

-

3,005

1,678

380

-

-

2,478

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

OTHER LIABILITIES

3,146

3,046

2,929

2,869

2,668

2,449

2,339

2,245

2,045

2,150

2,547

2,234

2,125

1,066

-

543

1,570

-

5,074

368

38

3,091

2,778

-

-

-

-

-

-

-

-

-

4,871

-

4,410

4,074

3,608

Total liabilities

147,665

156,766

138,595

144,055

145,864

130,490

111,681

114,948

119,251

144,490

128,073

145,395

144,723

171,053

139,286

135,747

126,686

147,532

122,451

77,635

85,724

100,641

91,899

77,183

80,818

91,111

80,230

79,355

96,009

105,420

96,293

98,209

103,280

108,298

103,950

97,694

100,880

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

0

0

0

-

0

SHAREHOLDERS’ EQUITY:
Preferred stock, $1.00 par value; 1,000,000 shares authorized; none issued or outstanding

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

0

0

0

0

0

0

0

0

0

Common stock, $0.001 par value; 35,000,000 shares authorized; 19,499,220 and 19,465,877 issued at March 31, 2020 and December 31, 2019, respectively; and 19,465,753 and 19,432,410 outstanding at March 31, 2020 and December 31, 2019, respectively

19

19

19

19

19

19

19

19

19

19

19

19

19

19

19

18

18

18

18

17

17

17

17

17

17

17

-

16

13

13

13

13

13

13

13

13

12

Additional paid-in capital

158,664

158,192

157,346

156,494

156,108

155,455

154,495

153,429

151,032

150,614

149,805

148,519

146,556

146,286

145,045

144,662

142,149

141,948

140,890

132,631

130,233

129,457

127,653

126,527

125,505

124,522

121,663

120,915

106,340

106,018

105,707

105,399

104,985

104,645

104,298

103,511

101,229

Accumulated deficit

-110,174

-109,943

-111,550

-109,912

-108,937

-107,773

-111,063

-110,376

-109,754

-109,281

-112,867

-112,769

-110,173

-105,317

-101,760

-100,721

-98,539

-97,787

-97,189

-93,519

-91,619

-89,926

-92,030

-89,505

-87,110

-85,300

-84,891

-82,939

-81,984

-79,409

-80,061

-79,691

-79,183

-77,898

-78,658

-76,833

-73,332

Accumulated other comprehensive loss

-2,245

-1,301

-1,325

-867

-962

-993

-1,111

-712

527

70

455

227

-284

-580

679

669

347

-296

-75

14

-224

682

1,040

1,713

1,753

1,811

1,689

1,414

1,295

1,554

1,413

1,178

1,674

1,399

1,689

2,311

1,526

Treasury stock at cost, 33,467 shares

125

125

125

125

125

125

125

125

125

125

125

125

125

125

125

125

125

125

125

125

125

125

125

125

125

125

125

125

125

125

121

97

85

85

85

85

85

Total shareholders’ equity

46,139

46,842

44,365

45,609

46,103

46,583

42,215

42,235

41,699

41,297

37,287

35,871

35,993

40,283

43,858

44,503

43,850

43,758

43,519

39,018

38,282

40,105

36,555

38,627

40,040

40,925

38,352

39,281

25,539

28,051

26,951

26,802

27,404

28,074

27,257

28,917

29,350

Total liabilities and shareholders’ equity

193,804

203,608

182,960

189,664

191,967

177,073

153,896

157,183

160,950

185,787

165,360

181,266

180,716

211,336

183,144

180,250

170,536

191,290

165,970

116,653

124,006

140,746

128,454

115,810

120,858

132,036

118,582

118,636

121,548

133,471

123,244

125,011

130,684

136,372

131,207

126,611

130,230