Pioneer power solutions, inc. (PPSI)
Balance Sheet / TTM
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

6,758

8,213

13,509

490

175

211

659

315

268

218

950

342

235

246

837

3,452

159

648

-

-

-

3,832

682

58

-

425

3,290

822

196

467

83

150

0

1,398

624

14,097

516

Short term investments

207

936

2,028

3,882

7,548

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net

3,410

3,716

1,817

2,935

17,383

3,384

14,956

15,319

13,536

15,000

19,255

17,968

16,398

14,266

18,363

18,969

15,412

14,223

15,371

14,722

15,491

13,101

14,125

11,485

12,371

9,739

12,135

9,643

11,904

10,579

11,827

10,305

9,122

8,172

8,967

5,604

5,263

Insurance receivable

351

1,800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance receivable

-

-

1,800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance receivable

-

-

-

2,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories, net

4,653

4,554

5,248

5,020

27,694

3,678

26,010

27,173

24,570

26,113

28,324

30,413

29,828

22,279

26,891

25,869

20,624

17,663

15,941

15,582

13,859

14,429

14,671

14,983

13,393

12,643

13,436

13,844

14,887

14,912

15,421

15,235

14,937

13,711

11,985

9,150

7,193

Income taxes receivable

-

-

-

-

578

-

447

421

876

743

546

-

759

72

412

692

688

576

466

470

469

474

61

64

62

65

67

65

68

69

70

171

175

517

166

1,130

1,191

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,081

1,394

843

-

2,953

2,581

2,188

1,982

792

848

820

563

661

600

601

753

249

245

245

Prepaid expenses and other current assets

794

795

889

2,204

2,630

1,996

2,688

3,914

3,121

3,017

2,765

3,317

1,919

2,079

2,276

2,207

2,382

1,924

1,291

1,574

1,759

1,671

1,264

1,375

1,373

1,291

1,170

1,555

1,438

885

579

701

645

421

1,260

1,029

333

Current assets of discontinued operations

-

-

-

51,378

-

37,656

6,066

6,096

6,291

-

-

-

-

7,246

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47

40

240

268

457

461

-

2,193

Total current assets

16,173

20,014

25,291

68,309

56,008

46,925

50,826

53,238

48,662

45,091

51,840

52,040

49,139

46,188

48,779

51,189

39,265

35,034

35,150

33,742

32,421

33,507

33,756

30,546

29,387

26,145

30,890

26,777

29,312

27,522

28,681

27,402

25,748

25,429

23,712

31,255

16,934

Property, plant and equipment, net

582

640

692

761

5,168

878

5,889

5,915

6,175

6,858

7,025

6,953

6,809

5,925

6,919

7,253

7,494

7,349

7,795

10,669

10,566

11,195

11,395

12,020

11,796

12,213

12,639

11,697

11,679

10,937

10,842

10,798

9,905

9,983

9,561

5,281

4,588

Deferred income taxes

-

-

-

-

-

2,837

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

2,588

4,041

3,670

-

3,047

2,983

2,895

2,729

5,913

6,155

5,588

5,659

4,737

4,783

5,033

3,642

7,687

7,099

7,083

7,596

1,064

1,062

1,067

1,091

577

614

654

700

830

1,096

957

679

1,037

1,525

611

Other assets

6,935

7,465

8,343

2,826

4,974

3,098

5,204

4,501

4,632

4,651

216

216

820

655

804

1,077

1,029

827

1,048

1,024

926

1,143

1,170

1,116

1,180

1,129

968

782

795

798

810

-

-

300

-

-

-

Notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

600

600

-

-

-

0

Intangible assets, net

-

-

93

103

3,531

124

3,913

4,233

4,569

6,399

6,783

7,343

7,756

6,564

8,717

9,088

9,510

9,956

8,251

8,866

9,291

9,791

4,989

5,122

5,162

5,285

5,071

5,117

5,231

5,329

5,416

5,441

5,540

5,585

5,995

4,328

4,436

Goodwill

-

-

2,969

2,969

8,527

2,969

8,527

8,527

8,527

8,527

9,972

9,972

9,972

8,527

9,972

10,068

10,068

10,068

12,646

10,624

10,624

9,606

7,934

7,994

7,950

7,998

8,409

7,886

7,931

6,892

6,908

6,861

6,888

6,862

6,800

5,534

5,534

Assets of discontinued operations

-

-

-

-

-

15,681

-

-

-

-

-

-

-

3,890

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

23,690

28,119

39,976

79,009

81,878

72,512

77,406

79,397

75,460

74,255

81,749

82,679

80,084

77,408

79,928

83,458

72,399

66,876

72,577

72,024

70,911

72,838

60,308

57,860

56,542

53,861

58,554

52,873

55,603

52,178

53,487

52,198

49,638

48,838

47,105

47,923

32,103

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Bank overdrafts

169

374

136

885

518

78

2,600

2,377

936

1,181

1,386

413

964

1,086

1,008

3,407

2,591

1,923

1,160

979

1,244

0

-

866

1,619

-

-

1,075

1,150

-

966

1,049

1,071

-

1,050

1,459

-

Revolving credit facilities

-

-

-

20,982

19,915

20,755

19,580

20,392

19,318

17,814

20,197

19,699

18,276

17,689

16,256

16,885

14,191

9,874

9,500

9,153

7,298

6,860

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short term borrowings

-

-

-

-

1,785

-

3,170

3,710

3,385

5,430

5,339

2,875

3,809

3,973

4,919

4,919

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revolving credit facilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,436

1,614

795

2,077

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued liabilities

6,770

7,533

7,198

12,074

29,946

7,257

20,882

22,852

20,794

20,381

18,205

22,683

20,711

14,123

17,772

17,645

15,226

20,030

17,914

16,838

16,757

14,396

12,689

11,308

10,020

8,370

12,403

10,665

12,382

12,044

11,411

11,974

10,214

11,316

10,605

8,344

7,328

Deferred revenue

1,745

1,441

2,033

-

-

1,695

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current maturities of long-term debt

-

-

-

-

-

1,174

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current maturities of long-term debt

-

-

-

3,196

1,175

-

1,316

1,289

1,040

782

4,926

321

397

1,379

1,432

742

795

6,037

6,461

1,642

1,277

2,483

1,958

1,971

2,114

2,108

2,327

8,476

9,756

7,335

9,343

9,010

9,154

8,870

8,269

8,150

6,063

Income taxes payable

61

543

1,266

102

1,262

95

900

712

1,289

1,164

1,619

1,400

1,502

1,360

950

715

481

237

1,396

856

675

523

1,990

875

490

1,072

1,105

786

619

1,135

524

318

357

445

77

166

161

Dividend payable

-

-

11,955

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current liabilities of discontinued operations

-

-

-

23,819

-

21,362

3,791

3,064

2,380

-

-

-

-

4,130

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

125

273

333

430

554

772

-

824

Total current liabilities

8,745

9,891

22,588

61,058

54,601

52,416

52,239

54,396

49,142

46,752

51,672

47,391

45,659

43,740

42,337

44,313

33,284

38,101

36,431

29,468

27,251

24,262

18,878

16,456

15,857

12,345

17,912

21,002

23,907

20,639

22,517

22,684

21,226

21,185

20,773

18,119

14,376

Long-term debt, net of current maturities

-

-

-

-

2,324

2,619

3,127

3,449

3,817

4,153

-

4,778

4,830

4,005

4,079

5,053

5,249

165

96

5,361

5,978

9,539

5,452

6,209

6,524

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, net of current maturities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,205

-

-

-

-

-

-

-

-

-

-

-

Long-term debt and capital lease obligations, net of current maturities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,090

8,477

9,173

9,795

10,394

9,342

8,853

9,015

8,351

9,912

17

Pension deficit

-

-

-

-

32

-

291

284

298

283

173

123

132

172

111

180

147

63

242

225

192

351

34

65

107

213

653

730

749

837

512

581

510

569

426

308

308

Other long-term liabilities

1,429

1,793

1,829

1,275

3,648

1,599

3,946

3,512

3,617

3,853

582

571

446

892

2,461

2,994

3,137

372

500

500

500

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

1,592

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

1,025

2,920

3,892

-

1,575

1,614

1,644

1,665

1,954

1,850

2,508

2,400

2,091

2,304

2,193

781

7,318

7,755

7,738

7,852

3,229

3,302

3,248

-

2,933

2,909

2,950

-

3,238

3,244

3,277

-

3,540

2,252

2,310

Long-term liabilities of discontinued operations

-

-

-

-

-

2,335

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncurrent deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,306

-

-

-

2,992

-

-

-

3,301

-

-

-

Deferred credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

700

-

Total liabilities

10,174

11,684

25,442

65,253

64,497

60,561

61,178

63,255

58,518

56,706

54,381

54,713

53,575

51,209

51,079

54,844

44,010

39,482

44,587

43,309

41,659

42,004

27,593

26,032

25,736

23,069

29,588

33,118

36,779

34,263

36,661

35,851

33,866

34,070

33,090

31,291

17,011

Commitments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

Stockholders' equity
Preferred stock, $0.001 par value, 5,000,000 shares authorized; none issued

-

-

-

-

-

-

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, 30,000,000 shares authorized; 8,726,045 shares issued and outstanding on March 31, 2020 and December 31, 2019

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

7

7

7

7

7

7

7

7

6

6

6

6

6

6

6

6

6

6

Cash dividend declared

-

-

11,955

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid-in capital

23,980

23,978

23,976

23,974

23,971

23,966

23,961

23,947

23,949

23,801

23,653

23,445

23,304

23,215

23,187

23,159

23,207

23,153

22,489

18,488

18,431

18,370

16,312

16,254

16,201

16,164

16,084

8,184

8,143

8,065

7,997

7,928

7,860

7,795

7,730

7,666

7,541

Accumulated other comprehensive income

14

14

14

-5,725

-6,119

-5,897

-5,967

-5,981

-5,979

-5,798

-5,810

-5,768

-5,775

-5,863

-5,333

-5,218

-5,297

-5,669

-5,697

-4,520

-4,743

-3,325

-2,328

-1,375

-2,042

-1,429

-1,088

-1,390

-1,018

-936

-750

-935

-640

-823

-1,015

-78

-305

Accumulated deficit

-10,487

-7,566

2,490

-4,502

-480

-6,127

-1,775

-1,833

-1,037

-463

9,516

10,280

8,971

8,838

10,986

10,664

10,470

9,901

11,189

14,740

15,557

15,782

18,724

16,942

16,640

16,050

13,963

12,955

11,693

10,780

9,573

9,348

8,546

7,790

7,294

9,038

7,850

Total stockholders' equity

13,516

16,435

14,534

13,756

17,381

11,951

16,228

16,142

16,942

17,549

27,368

27,966

26,509

26,199

28,849

28,614

28,389

27,394

27,990

28,715

29,252

30,834

32,715

31,828

30,806

30,792

28,966

19,755

18,824

17,915

16,826

16,347

15,772

14,768

14,015

16,632

15,092

Total liabilities and stockholders' equity

23,690

28,119

39,976

79,009

81,878

72,512

77,406

79,397

75,460

74,255

81,749

82,679

80,084

77,408

79,928

83,458

72,399

66,876

72,577

72,024

70,911

72,838

60,308

57,860

56,542

53,861

58,554

52,873

55,603

52,178

53,487

52,198

49,638

48,838

47,105

47,923

32,103