Phi inc (PHIIK)
Balance Sheet / Quarterly
Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Current Assets:
Cash and cash equivalents

21,882

-

50,874

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents

-

15,884

-

16,453

5,852

7,431

8,770

2,991

2,323

3,680

2,596

2,639

8,567

6,536

2,407

5,552

3,659

3,623

6,270

22,617

9,336

934

1,896

12,190

3,577

2,849

1,788

1,424

1,047

5,091

3,462

2,874

3,628

Short-term investments

76,141

73,336

14,232

30,509

60,317

61,988

64,237

204,036

237,433

276,818

289,806

289,520

289,235

286,139

284,523

284,835

217,071

189,480

185,244

135,796

141,473

85,916

77,238

76,214

46,020

50,601

71,942

106,860

100,250

100,027

99,896

89,750

150,072

Accounts receivable – net
Trade

174,499

167,561

168,459

175,372

173,324

157,363

168,153

140,434

133,934

117,386

128,662

131,295

137,031

142,738

138,309

153,088

170,693

157,857

178,833

178,424

169,635

172,538

-

-

136,328

137,179

138,231

126,279

100,818

98,338

107,326

95,952

84,768

Trade

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

174,288

155,709

-

-

-

-

-

-

-

-

-

Other

8,845

11,252

14,006

22,035

21,008

29,223

17,826

12,303

13,570

8,884

9,603

11,180

11,381

8,650

6,469

2,906

1,830

2,370

1,928

2,068

2,047

1,182

4,219

1,869

1,791

3,974

3,812

2,774

1,656

958

761

1,773

4,891

Inventories of spare parts – net

54,242

52,988

56,698

74,352

77,747

77,011

80,881

79,245

76,155

73,033

70,402

69,409

69,424

70,181

69,491

70,175

70,320

71,452

73,793

73,318

72,193

71,137

69,684

67,403

66,273

66,074

65,734

61,966

59,576

57,243

57,139

57,288

59,336

Prepaid expenses

13,072

13,944

11,419

13,201

13,150

11,509

11,475

12,006

13,131

10,330

9,259

6,976

7,802

8,827

8,951

11,569

11,836

11,075

9,314

10,317

9,660

8,357

9,984

11,493

11,282

10,137

18,534

-

-

7,169

-

-

-

Work in progress

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

77,921

77,921

77,921

77,764

-

-

-

-

-

-

-

Other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

996

988

71,621

57,174

17,881

-

12,968

12,830

16,233

Deferred income taxes

-

-

-

-

-

-

-

10,798

10,798

10,798

10,798

10,379

10,379

10,379

10,379

9,915

9,915

9,914

9,915

12,723

12,723

12,723

11,966

11,967

11,966

11,967

-

-

-

8,133

-

-

-

Income taxes receivable

509

942

950

649

623

831

1,271

509

414

323

540

863

709

743

761

1,227

1,227

1,226

1,227

1,221

1,871

1,871

1,623

1,623

1,599

1,613

712

712

356

346

926

925

558

Total current assets

349,190

335,907

316,638

332,571

352,021

345,356

352,613

462,322

487,758

501,252

521,666

522,261

534,528

534,193

521,290

539,267

486,551

446,997

466,524

436,484

418,938

354,658

428,819

416,389

357,753

363,146

372,374

357,189

281,584

277,305

282,478

261,392

319,486

Property and equipment – net

885,669

896,436

902,485

923,577

933,583

936,323

946,765

910,327

918,134

896,565

903,977

916,560

893,235

908,414

883,529

887,386

911,112

917,342

877,818

822,742

834,408

785,472

782,247

756,928

764,373

749,501

712,835

672,368

657,402

659,756

665,219

672,937

596,533

Right of use assets

144,944

144,198

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash and investments

19,739

19,789

19,781

19,781

12,076

12,396

12,396

12,396

12,396

13,038

13,038

13,038

-

-

15,336

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted investments

-

-

-

-

-

-

-

-

-

-

-

-

13,038

15,336

-

15,336

15,336

15,485

15,485

15,485

14,685

14,685

14,685

14,685

14,685

14,685

-

-

-

-

-

-

-

Other assets

20,937

18,981

18,378

10,142

9,605

8,803

8,741

9,032

10,172

8,873

9,759

7,334

6,317

6,330

6,178

10,357

14,852

15,095

16,253

21,794

24,504

18,508

13,414

15,853

20,110

20,562

32,022

33,510

29,361

27,071

33,128

32,424

29,120

Deferred income taxes

5,137

4,521

4,944

-

-

-

3,309

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

1,009

3,237

3,211

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

-

-

-

61,299

61,299

61,299

61,299

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangibles

-

-

-

15,557

15,946

16,334

16,723

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

1,425,616

1,419,832

1,262,226

1,363,936

1,387,767

1,383,722

1,401,846

1,394,077

1,428,460

1,419,728

1,448,440

1,459,193

1,447,118

1,464,273

1,426,333

1,452,346

1,427,851

1,394,919

1,376,080

1,296,505

1,292,535

1,173,323

1,239,165

1,203,855

1,156,921

1,147,894

1,117,231

1,063,067

968,347

964,132

980,825

966,753

945,139

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Revolving Credit Facility

-

-

-

-

122,220

121,750

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Senior Notes issued March 17, 2014, net of debt issuance cost of $260

-

0

499,740

499,429

498,771

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Senior Notes issued March 17, 2014, net of debt issuance costs of $1,285

-

-

-

-

-

498,715

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

70,615

38,854

50,289

39,209

50,645

37,166

37,186

30,607

27,791

22,054

28,704

20,843

23,462

61,620

31,373

28,639

63,134

56,214

27,700

33,533

52,818

36,874

27,871

40,754

26,350

26,308

29,963

40,144

25,838

17,697

20,757

19,173

22,404

Short-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,429

-

-

-

-

-

-

-

-

-

-

-

-

Accrued and other current liabilities

38,483

31,208

45,292

39,557

40,626

42,042

41,850

33,703

33,384

27,500

28,346

32,178

40,343

28,054

44,759

50,141

48,550

30,085

52,812

48,545

38,489

54,531

134,713

122,111

-

117,162

116,426

75,179

33,453

-

37,206

26,631

28,319

Current portion of operating lease liabilities

27,535

26,544

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current maturities of long term debt

1,750

875

500,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued and other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

120,163

-

-

-

-

29,051

-

-

-

Other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,900

45,800

-

Total current liabilities

138,383

97,481

595,321

578,195

712,262

699,673

79,036

64,310

61,175

49,554

57,050

53,021

63,805

89,674

76,132

78,780

111,684

86,299

80,512

82,078

98,736

91,405

162,584

162,865

146,513

143,470

146,389

115,323

59,291

46,748

80,863

91,604

50,723

Long-term debt:
Term loan issued March 13, 2019, net of debt issuance costs of $5,254

62,996

63,516

-

0

0

0

117,500

100,000

133,225

135,500

134,000

132,400

95,000

87,700

57,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Senior Notes issued March 17, 2014, net of unamortized debt issuance costs of $1,506

-

-

-

0

0

0

498,494

498,182

497,871

497,559

497,247

496,936

496,624

496,313

496,001

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Related party term loan issued September 28, 2018, net of debt issuance costs of $546 and $765, respectively

129,454

129,344

129,235

129,126

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

51,964

55,098

59,178

-

-

-

86,005

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

578,220

535,500

539,640

543,000

500,000

500,000

379,000

388,265

375,723

379,155

386,755

368,995

358,038

329,926

346,047

335,368

316,189

331,074

Deferred income taxes

-

-

-

74,062

78,605

80,866

-

141,420

143,030

142,870

151,713

147,058

150,464

154,904

153,645

156,514

150,588

146,865

140,532

129,973

122,804

127,357

131,581

124,303

111,319

105,418

96,318

91,275

87,419

85,937

83,110

80,790

81,988

Other long-term liabilities

3,673

3,324

5,059

5,168

5,335

5,448

8,157

8,104

9,098

8,131

8,652

8,291

15,879

16,145

16,057

14,637

15,159

15,064

14,968

14,858

15,830

15,596

14,340

13,061

12,102

12,636

8,673

12,807

12,150

8,063

7,383

7,550

8,938

Long-term operating lease liabilities

118,167

118,436

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities not subject to compromise

504,637

-

788,793

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities not subject to compromise

504,637

467,199

788,793

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities subject to compromise

513,125

513,125

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

1,017,762

980,324

788,793

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

620,375

577,443

488,786

-

506,724

496,133

-

Commitments and contingencies (Note 11)

-

-

-

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:
Common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

285

-

285

285

285

Additional paid-in capital

316,143

314,818

314,316

312,503

310,433

309,672

308,353

307,054

305,787

304,698

304,246

308,690

307,266

305,869

304,884

304,392

302,796

301,170

301,533

298,485

297,444

296,932

296,206

295,528

294,929

295,582

296,271

291,403

291,403

291,403

291,403

291,403

291,403

Treasury stock, at cost - 8,018 shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

252

252

135

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accumulated other comprehensive income (loss)

-4,040

-3,138

-3,952

-4,094

624

464

-280

-244

-254

-375

-478

-271

45

-90

-567

-188

-197

-102

-211

6

-16

-24

-43

-80

-36

-51

-58

-38

-47

-93

-111

-10

-162

Retained earnings

94,169

126,246

161,487

267,394

278,926

286,018

303,001

273,671

276,948

280,221

294,441

311,499

316,466

312,189

321,121

318,683

311,014

304,560

294,197

269,556

256,188

261,509

244,684

230,907

211,391

202,553

199,112

192,728

186,674

184,496

181,278

177,696

179,644

Total shareholders’ equity

407,854

439,508

473,433

577,385

591,565

597,735

612,654

582,061

584,061

586,114

599,778

621,487

625,346

619,537

626,998

624,195

614,920

607,051

597,068

569,596

555,165

559,965

542,395

527,903

507,832

499,615

496,856

485,624

479,561

477,337

474,101

470,620

472,416

Total liabilities and shareholders’ equity

1,425,616

1,419,832

1,262,226

1,363,936

1,387,767

1,383,722

1,401,846

1,394,077

1,428,460

1,419,728

1,448,440

1,459,193

1,447,118

1,464,273

1,426,333

1,452,346

1,427,851

1,394,919

1,376,080

1,296,505

1,292,535

1,173,323

1,239,165

1,203,855

1,156,921

1,147,894

1,117,231

1,063,067

968,347

964,132

980,825

966,753

945,139

Voting Common Stock [Member]
Common stock

291

291

291

-

-

-

291

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-Voting Common Stock [Member]
Common stock

1,291

1,291

1,291

-

-

-

1,289

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total shareholders’ equity

1,291

1,291

1,291

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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