Perma-pipe international holdings, inc. (PPIH)
Balance Sheet / TTM
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Jan'11
Current assets
Cash and cash equivalents

13,371

12,221

8,052

7,960

10,156

9,582

5,247

9,879

7,084

8,373

8,546

9,059

7,603

9,008

11,612

12,858

16,631

10,882

10,008

10,718

9,900

14,972

12,838

13,395

10,522

6,037

10,983

7,034

5,591

6,127

7,081

4,209

5,666

9,757

16,718

Restricted cash

1,287

1,138

1,167

2,602

2,581

2,536

-

-

1,237

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

1,108

1,101

-

898

893

1,140

-

946

943

944

-

433

430

423

-

718

729

-

2,362

542

1,517

-

1,498

2,759

1,094

-

1,786

1,496

-

Trade accounts receivable, less allowance for doubtful accounts of $407 on January 31, 2020 and $536 on January 31, 2019

29,402

28,235

30,384

24,800

32,508

32,280

29,703

29,337

32,936

28,884

26,583

23,817

-

30,347

28,341

28,297

-

58,967

43,860

38,190

-

44,412

47,568

-

51,691

49,902

42,222

-

34,351

32,045

32,633

-

45,327

40,414

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

1,098

-

-

-

2,324

-

-

-

428

-

-

439

-

-

-

725

-

-

-

1,854

-

-

984

Trade accounts receivable, less allowance for doubtful accounts of $305 at January 31, 2017 and $33 at January 31, 2016

-

-

-

-

-

-

-

-

-

-

-

-

31,271

-

-

-

36,090

-

-

-

34,332

-

-

45,659

-

-

-

23,278

-

-

-

28,109

-

-

36,634

Inventories

14,498

16,270

16,555

16,126

12,289

14,330

14,707

15,804

16,856

14,005

16,031

15,255

13,565

14,305

14,051

13,839

15,625

35,378

34,952

29,765

13,685

32,248

34,668

33,547

39,140

38,455

39,402

37,529

38,753

40,710

41,423

40,204

39,109

41,061

35,509

Assets of discontinued operations

-

-

-

-

-

-

-

-

-

0

0

0

25

46

2,548

14,871

14,241

3,136

-

-

41,476

0

-

1,223

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,992

3,062

-

-

-

3,378

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash surrender value on life insurance policies, net

-

-

-

-

-

-

-

-

-

-

-

-

-

1,291

1,287

1,284

3,049

3,258

3,320

1,406

3,255

3,214

3,168

3,110

3,077

3,003

3,005

2,946

2,903

2,854

2,869

2,782

2,735

2,776

2,869

Assets held-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

1,235

0

0

10,218

-

-

-

-

-

-

-

Prepaid expenses and other current assets

3,531

3,620

4,475

3,682

3,773

3,345

3,761

2,775

2,703

3,052

3,434

3,788

2,171

3,201

3,679

2,190

2,397

2,955

3,132

3,854

2,550

4,674

6,213

5,353

5,701

5,278

4,753

3,932

4,196

4,460

5,073

3,973

3,615

4,139

4,575

Costs and estimated earnings in excess of billings on uncompleted contracts

2,166

4,363

3,474

1,983

1,653

2,357

-

-

1,502

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract Assets

-

-

-

-

-

-

2,014

1,834

-

2,422

2,687

3,496

-

2,260

2,065

1,956

-

2,814

2,200

2,442

-

3,046

2,703

-

2,099

1,829

2,802

-

1,828

2,962

2,367

-

2,542

2,131

-

Deferred tax assets - current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,271

1,941

1,946

1,946

1,779

2,499

2,389

Costs and estimated earnings in excess of billings on uncompleted contracts

-

-

-

-

-

-

-

-

-

-

-

-

2,091

-

-

-

2,463

-

-

-

700

-

-

1,476

-

-

-

1,630

-

-

-

2,375

-

-

2,055

Income tax receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

206

-

-

-

-

0

-

-

-

-

-

-

-

120

478

-

-

545

130

204

Total current assets

64,255

65,847

64,107

57,153

62,960

64,430

56,540

60,730

62,318

57,634

58,174

56,555

57,824

61,404

64,526

79,437

95,882

114,565

94,582

85,392

109,704

100,070

104,719

101,092

112,750

102,043

101,679

84,346

88,608

91,482

91,617

82,670

100,369

101,627

99,068

Property, plant and equipment, net of accumulated depreciation

28,629

29,357

29,125

29,568

30,398

31,020

31,967

33,097

34,509

34,882

35,995

34,800

36,275

36,465

37,168

39,417

25,400

39,954

43,589

42,131

24,165

42,001

42,000

42,541

43,021

44,063

45,034

45,582

48,544

48,936

49,033

47,842

46,532

45,287

43,655

Other assets
Operating lease right-of-use asset

11,475

11,717

11,453

10,323

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets

293

-

-

-

458

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note receivable from joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

2,036

2,051

3,814

-

4,589

4,566

-

4,971

5,046

5,147

-

5,187

5,168

5,253

-

4,203

4,400

-

Deferred tax assets - long-term

-

747

404

461

-

45

189

330

391

693

-

-

147

-

-

-

-

-

-

-

-

1,036

1,067

1,667

1,535

1,657

831

1,358

10,250

10,531

11,444

10,967

6,175

8,147

8,470

Goodwill

2,254

2,264

2,266

2,218

2,269

2,269

2,287

2,321

2,423

2,317

2,388

2,182

2,279

2,476

2,657

2,693

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note receivable from joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,905

-

-

-

3,931

-

-

4,659

-

-

-

5,200

-

-

-

4,195

-

-

4,270

Investment in joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

9,112

9,034

8,629

8,680

8,514

6,760

6,542

6,550

6,270

5,555

5,726

6,022

4,990

4,459

4,390

4,636

3,663

2,980

3,078

Other assets

5,319

7,518

7,146

6,791

6,120

5,966

5,025

5,051

4,943

5,157

5,282

5,548

5,086

4,912

5,076

3,911

5,799

3,486

3,503

3,175

1,760

2,244

2,503

2,736

2,882

4,956

4,445

2,408

2,384

2,735

2,424

3,860

3,895

2,566

1,605

Total other assets

19,341

22,246

21,269

19,793

8,847

8,280

-

-

7,757

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale long-term

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

441

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale long-term

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

472

503

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale, noncurrent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

914

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale long-term

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

985

-

-

1,253

-

-

-

-

-

-

-

Patents, net of accumulated amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

379

380

-

361

362

367

373

361

377

383

331

266

265

260

Total other assets

-

-

-

-

-

-

7,501

7,702

-

8,167

7,670

7,730

7,512

7,388

7,733

6,604

16,816

18,255

17,975

17,578

14,205

18,222

18,226

19,636

20,081

20,579

19,521

19,560

26,075

26,124

26,763

26,771

20,937

21,134

20,552

Total assets

112,225

117,450

114,501

106,514

102,205

103,730

96,008

101,529

104,584

100,683

101,839

99,085

101,611

105,257

109,427

125,458

138,098

172,774

156,146

145,101

148,074

160,293

164,945

163,269

175,852

166,685

166,234

149,488

163,227

166,542

167,413

157,283

167,838

168,048

163,275

Current liabilities
Trade accounts payable

9,577

12,735

11,084

11,582

12,006

9,788

10,806

12,301

14,186

9,462

10,695

9,977

10,901

7,548

7,883

6,943

11,026

22,125

19,646

15,072

6,933

11,334

17,188

15,276

15,679

16,631

22,629

18,740

18,605

19,555

21,183

20,020

21,557

21,956

19,296

Deferred compensation liability

-

-

-

-

-

-

-

-

-

-

-

-

-

1,360

3,207

3,943

6,167

-

-

-

213

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commissions and management incentives payable

1,759

1,600

1,373

1,724

1,866

1,789

1,202

1,301

787

1,070

876

1,324

1,845

1,520

2,144

3,988

2,874

4,804

3,378

5,131

5,628

4,686

4,707

9,235

8,436

7,408

4,743

2,723

4,016

3,763

4,499

4,722

5,029

4,894

-

Commissions and management incentives payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,867

Accrued compensation and payroll taxes

1,190

1,675

1,605

1,476

1,544

1,893

1,338

1,484

1,580

3,429

4,248

4,202

2,188

3,386

3,769

4,278

4,274

12,146

12,525

11,933

4,021

4,764

5,211

5,254

4,362

5,359

5,044

4,361

4,663

4,509

5,200

4,571

5,071

4,433

4,332

Revolving line - North America

8,577

7,758

6,776

5,642

8,890

13,662

8,385

7,755

7,273

9,088

7,930

5,753

3,813

4,116

3,757

7,167

5,237

18,735

14,361

11,954

11,353

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Current maturities of long-term debt

1,458

-

-

-

640

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current maturities of long-term debt

-

1,644

1,480

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current maturities of long-term debt

-

-

-

1,125

-

1,046

1,720

3,408

8,037

1,218

585

496

-

2,790

1,241

6,884

-

16,314

4,773

5,035

-

6,079

6,369

8,274

11,963

10,145

12,917

5,384

7,956

5,761

3,550

2,736

3,252

3,295

3,082

Customers' deposits

2,202

3,005

3,601

3,524

3,708

4,028

-

-

5,236

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current maturities of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

658

-

-

-

8,767

-

-

-

4,817

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customers' deposits

-

-

-

-

-

-

2,859

6,207

-

4,206

3,129

2,448

2,640

3,074

3,118

2,812

3,690

6,017

10,351

6,064

4,271

7,172

8,657

7,372

9,239

9,947

8,268

7,030

4,297

4,355

3,669

2,432

1,404

-

-

Outside commissions payable

-

-

-

-

-

-

1,713

1,964

-

1,802

2,380

2,285

1,612

1,946

1,883

-

1,295

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities of discontinued operations

-

-

-

-

-

-

-

-

137

138

156

201

199

644

1,320

12,432

12,836

-

-

-

21,379

-

-

527

-

-

-

7,531

-

-

-

-

-

-

-

Outside commission liability

1,755

2,185

2,138

1,453

1,743

2,194

-

-

1,800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liability short-term

1,040

1,130

1,056

816

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,475

3,439

-

-

-

3,342

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

2,360

-

-

-

965

-

-

-

1,100

-

-

1,842

-

-

-

1,735

-

-

-

2,610

-

-

3,166

Liabilities held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

650

0

0

-

-

-

-

-

-

-

-

Customer' deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,022

-

Contract Liability

-

-

-

-

-

-

546

569

-

1,944

631

1,527

1,100

239

482

1,253

1,176

2,207

4,506

742

681

678

1,136

2,222

2,962

1,312

2,588

985

1,200

2,670

1,198

1,978

1,374

1,903

-

Other accrued liabilities

3,444

3,234

4,959

4,355

3,856

3,491

3,101

2,339

4,122

2,170

2,446

2,108

-

2,851

2,539

1,802

-

2,154

2,302

2,270

-

1,642

1,824

-

2,391

1,972

2,365

-

2,926

2,634

2,923

-

3,056

3,049

-

Billings in excess of costs and estimated earnings on uncompleted contracts

1,173

1,351

1,141

1,846

1,569

1,599

-

-

1,967

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liabilities - current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

167

166

166

-

920

889

889

578

2,444

2,448

687

-

-

-

0

-

-

-

Income tax payable

664

1,352

338

700

1,266

1,348

879

643

1,339

1,152

330

839

684

2,880

982

1,813

2,339

1,550

551

977

1,688

1,433

3,542

2,593

2,268

498

530

34

0

0

181

417

-

-

-

Customers' deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,913

Billings in excess of costs and estimated earnings on uncompleted contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,597

Income tax payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Total current liabilities

32,839

37,669

35,551

34,243

37,088

40,838

32,549

37,971

39,180

35,679

33,406

31,160

28,000

32,354

32,325

56,790

64,085

86,219

72,559

59,344

65,426

38,708

49,523

53,484

58,528

55,716

61,532

49,210

43,663

43,247

42,403

39,486

40,743

42,552

40,253

Long-term liabilities
Long-term debt, less current maturities

6,717

6,931

6,460

6,484

6,751

6,892

7,079

7,309

7,728

7,577

7,792

6,828

7,258

7,164

7,254

1,234

1,470

8,930

12,582

12,424

2,355

30,809

26,242

23,469

28,917

31,711

30,711

35,579

39,487

44,211

43,798

34,682

42,004

40,595

36,192

Deferred compensation liabilities

4,199

3,731

3,667

3,666

3,883

3,504

3,460

4,212

4,098

2,575

2,540

2,404

4,571

3,113

3,091

-

3,124

436

434

198

6,560

6,827

6,647

6,509

6,356

6,247

5,877

5,670

5,506

5,493

6,092

5,686

5,465

5,672

5,138

Deferred tax liabilities

1,052

-

-

-

1,435

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities held for sale long-term

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

968

1,074

-

-

1,485

-

-

-

-

-

-

-

Deferred tax liabilities long-term

-

1,434

1,445

1,417

-

1,149

1,167

1,187

1,242

1,864

1,893

1,759

1,829

1,674

1,703

-

160

752

315

294

734

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Operating lease liability long-term

11,214

10,617

10,446

9,493

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

575

1,620

1,630

437

1,347

534

542

546

524

575

567

553

540

523

395

2,380

231

3,794

3,749

3,777

199

2,193

2,200

2,203

3,455

3,430

3,693

3,289

5,249

5,195

4,966

5,074

3,484

3,156

3,638

Total long-term liabilities

23,757

24,333

23,648

21,497

13,416

12,079

12,248

13,254

13,592

12,591

12,792

11,544

14,198

12,474

12,443

3,614

4,985

13,912

17,080

16,693

9,848

39,829

35,089

33,149

39,802

41,388

40,281

46,023

50,242

54,899

54,856

45,442

50,953

49,423

44,968

Stockholders' equity
Common stock, $.01 par value, authorized 50,000 shares; 8,048 issued and outstanding January 31, 2020 and 7,854 issued and outstanding January 31, 2019

80

80

80

79

79

79

79

77

77

77

77

76

76

76

76

74

74

73

73

73

73

73

72

72

71

70

69

69

69

69

69

69

69

69

-

Common stock, $.01 par value, authorized 50,000 shares; 6,913 issued and outstanding at January 31, 2012 and 6,851 issued and outstanding at January 31, 2011

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

69

Additional paid-in capital

60,024

59,754

59,475

59,026

58,793

58,365

58,080

56,578

56,304

55,936

55,622

54,033

55,358

53,576

53,475

53,428

53,031

52,777

52,604

52,792

52,655

52,262

51,952

52,144

51,363

50,898

50,527

50,358

50,243

50,133

49,927

49,828

49,748

49,437

49,003

Accumulated deficit

-715

-1,559

-1,414

-5,134

-4,291

-4,627

-4,495

-4,220

-3,103

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Treasury stock, 27 shares at January 31,2017

-

-

-

-

-

-

-

-

-

0

0

157

170

290

290

290

290

290

290

290

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Retained (deficit) earnings

-

-

-

-

-

-

-

-

-

-1,606

1,686

5,026

6,873

10,585

14,348

13,899

20,193

24,392

18,280

20,671

24,602

30,773

29,409

25,580

27,436

19,899

15,503

4,553

20,080

19,625

20,746

23,038

25,461

24,775

27,789

Accumulated other comprehensive loss

-3,760

-2,827

-2,839

-3,197

-2,880

-3,004

-2,453

-2,131

-1,466

-1,994

-1,744

-2,597

-2,724

-3,518

-2,950

-2,057

-3,980

-4,309

-4,160

-4,182

-4,530

-1,352

-1,100

-1,160

-1,348

-1,286

-1,678

-725

-1,070

-1,431

-588

-580

864

1,792

1,193

Total stockholders' equity

-

-

-

-

-

-

51,211

50,304

-

52,413

55,641

56,381

59,413

60,429

64,659

65,054

69,028

72,643

66,507

69,064

72,800

81,756

80,333

76,636

77,522

69,581

64,421

54,255

69,322

68,396

70,154

72,355

76,142

76,073

-

Total stockholders' equity

55,629

55,448

55,302

50,774

51,701

50,813

-

-

51,812

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

78,054

Total liabilities and stockholders' equity

112,225

117,450

114,501

106,514

102,205

103,730

96,008

101,529

104,584

100,683

101,839

99,085

101,611

105,257

109,427

125,458

138,098

172,774

156,146

145,101

148,074

160,293

164,945

163,269

175,852

166,685

166,234

149,488

163,227

166,542

167,413

157,283

167,838

168,048

163,275