Prgx global, inc. (PRGX)
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'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Current assets:
Cash and cash equivalents

25,233

14,982

11,131

11,504

12,187

13,973

10,483

9,731

14,948

18,823

11,932

12,870

11,535

15,723

13,170

15,174

15,699

15,122

15,673

19,682

23,388

25,735

36,367

45,697

43,700

42,407

31,102

37,787

37,806

19,863

11,837

18,192

20,337

19,496

22,904

18,448

Restricted cash

81

46

106

146

99

46

110

159

112

51

109

161

102

47

99

144

100

48

98

162

107

53

194

126

57

127

187

129

65

123

177

123

64

114

67

64

Receivables:
Contract receivables, less allowances of $1,291 in 2020 and $1,781 in 2019
Billed

31,747

38,201

34,683

37,429

39,729

-

35,123

34,556

30,102

-

33,467

30,081

30,157

-

26,654

24,209

24,004

-

24,255

26,845

27,646

-

28,040

25,121

-

-

26,447

26,973

-

31,333

31,191

27,815

30,583

29,340

31,326

31,144

Billed

-

-

-

-

-

43,878

-

-

-

36,058

-

-

-

29,186

-

-

-

26,576

-

-

-

32,373

-

-

28,175

30,687

-

-

32,626

-

-

-

-

-

-

-

Unbilled

3,252

4,911

-

-

-

2,987

-

-

-

2,709

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unbilled

-

-

2,820

4,344

2,741

-

2,430

3,596

2,477

-

1,548

1,689

1,359

2,278

1,819

1,673

1,247

1,967

1,288

1,690

1,027

2,809

2,981

6,290

9,904

12,261

17,686

11,311

12,501

13,687

14,422

12,526

10,041

8,304

6,691

4,749

Receivables Net

34,999

43,112

37,503

41,773

42,470

46,865

37,553

38,152

32,579

38,767

35,015

31,770

31,516

31,464

28,473

25,882

25,251

28,543

25,543

28,535

28,673

35,182

31,021

31,411

38,079

42,948

44,133

38,284

45,127

45,020

45,613

40,341

40,624

37,644

38,017

35,893

Employee advances and miscellaneous receivables, net

631

704

564

98

601

567

1,446

1,358

1,748

1,665

2,263

2,097

2,020

2,184

1,710

1,675

1,464

1,740

1,781

1,630

1,854

1,993

1,230

1,703

2,242

1,182

1,215

1,198

1,352

1,247

1,233

1,099

1,591

1,195

1,383

827

Total receivables

35,630

43,816

38,067

41,871

43,071

47,432

38,999

39,510

34,327

40,432

37,278

33,867

33,536

33,648

30,183

27,557

26,715

30,283

27,324

30,165

30,527

37,175

32,251

33,114

40,321

44,130

45,348

39,482

46,479

46,267

46,846

41,440

42,215

38,839

39,400

36,720

Prepaid expenses and other current assets

3,004

5,582

3,689

4,517

2,176

3,144

3,660

4,348

4,163

4,608

4,837

4,563

3,291

3,363

3,657

2,911

2,628

2,323

3,141

4,252

2,842

3,416

4,989

3,814

3,910

3,785

4,822

4,124

3,801

4,437

4,340

4,090

5,571

4,219

4,799

3,586

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

-

-

7

-

-

-

52

-

-

-

-

-

-

-

Deferred income taxes (Note 7)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23

-

-

36

Total current assets

63,948

64,426

52,993

58,038

57,533

64,595

53,252

53,748

53,550

63,914

54,156

51,461

48,464

52,781

47,109

45,786

45,142

47,776

46,236

54,261

56,864

66,384

73,801

82,751

87,995

90,449

81,459

81,522

88,203

70,690

63,200

63,845

68,210

62,668

67,170

58,854

Property, equipment and software:
Computer and other equipment

-

-

-

-

-

20,517

-

-

-

32,655

-

-

-

30,219

-

-

-

29,671

-

-

-

28,864

-

-

28,810

-

-

-

25,320

-

-

-

-

-

-

-

Computer and other equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,993

-

-

23,068

Furniture and fixtures

-

-

-

-

-

1,694

-

-

-

2,761

-

-

-

2,652

-

-

-

2,842

-

-

-

2,926

-

-

3,050

-

-

-

3,022

-

-

-

2,980

-

-

2,982

Leasehold improvements

-

-

-

-

-

3,463

-

-

-

3,916

-

-

-

3,558

-

-

-

3,446

-

-

-

3,450

-

-

3,401

-

-

-

3,270

-

-

-

3,066

-

-

3,073

Software

-

-

-

-

-

39,578

-

-

-

34,234

-

-

-

26,896

-

-

-

23,788

-

-

-

20,934

-

-

23,535

-

-

-

25,312

-

-

-

19,753

-

-

13,945

Property, equipment and software

63,730

63,557

75,447

71,489

67,492

65,252

79,912

78,440

76,377

73,566

70,299

68,256

65,058

63,325

63,473

61,106

60,493

59,747

58,333

57,861

56,477

56,174

56,589

55,146

58,796

61,200

59,157

58,642

56,924

56,569

54,868

52,889

50,792

48,628

47,293

43,068

Less accumulated depreciation and amortization

45,754

45,811

50,200

47,819

44,988

43,224

59,913

59,277

57,553

56,088

54,930

53,880

52,496

51,089

51,242

49,986

49,222

48,167

46,993

46,096

44,632

43,954

43,407

41,956

44,802

43,215

40,906

39,087

37,350

36,947

35,115

33,721

32,206

30,747

29,648

27,373

Property, equipment and software, net

17,976

17,746

25,247

23,670

22,504

22,028

19,999

19,163

18,824

17,478

15,369

14,376

12,562

12,236

12,231

11,120

11,271

11,580

11,340

11,765

11,845

12,220

13,182

13,190

13,994

17,985

18,251

19,555

19,574

19,622

19,753

19,168

18,586

17,881

17,645

15,695

Operating lease right-of-use assets (Note 9)

9,817

10,969

10,037

11,152

13,268

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

14,965

15,070

17,477

17,528

17,570

17,531

17,569

17,591

17,691

17,648

22,824

22,803

22,364

13,823

11,712

11,729

11,873

11,810

11,589

13,043

12,994

13,036

13,716

13,691

13,686

13,665

13,611

13,611

13,669

13,912

13,887

13,876

12,946

5,370

5,196

5,196

Intangible assets, less accumulated amortization of $47,391 in 2020 and $47,097 in 2019

10,545

11,506

12,276

13,207

14,137

14,945

15,870

16,773

17,785

18,478

8,840

9,560

10,278

10,998

5,477

5,874

6,283

6,684

7,131

7,932

8,651

9,439

11,844

12,693

13,582

14,709

15,734

16,934

18,399

19,719

20,933

22,329

23,406

20,586

21,806

23,855

Unbilled receivables

757

1,282

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unbilled receivables

-

-

1,224

1,103

915

-

1,120

1,336

1,170

-

868

815

765

-

822

760

686

-

825

825

582

-

930

816

-

1,415

1,354

1,074

-

1,316

1,422

1,199

1,672

-

-

1,462

Unbilled receivables

-

-

-

-

-

1,608

-

-

-

894

-

-

-

854

-

-

-

656

-

-

-

1,196

-

-

1,379

-

-

-

1,391

-

-

-

-

1,626

1,746

-

Deferred loan costs, net of accumulated amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

193

-

-

-

376

-

-

558

Deferred income taxes

-

-

3,602

3,575

3,542

-

1,398

1,378

1,322

1,538

2,212

2,228

2,259

2,269

-

-

-

1,361

-

-

-

36

-

-

1,701

-

-

-

1,552

-

-

-

-

-

-

-

Deferred income taxes

3,623

3,921

-

-

-

3,561

-

-

-

-

-

-

-

-

2,864

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes (Note 7)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

831

-

-

403

Other assets

535

546

551

562

565

561

609

390

276

268

281

325

129

513

505

2,151

1,970

524

828

561

500

471

2,218

2,253

492

2,093

2,219

2,298

605

1,760

1,793

1,571

386

1,292

1,514

298

Total assets

122,166

125,466

123,407

128,835

130,034

124,829

109,817

110,379

110,618

120,218

104,550

101,568

96,821

93,474

80,720

77,420

77,225

80,391

77,949

88,387

91,436

102,782

115,691

125,394

132,829

140,316

132,628

134,994

143,586

127,019

120,988

121,988

126,413

109,423

115,077

106,321

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses

1,049

4,326

2,706

3,064

2,641

7,515

5,518

7,263

7,028

8,548

7,669

8,917

6,250

7,299

6,968

6,834

5,612

5,966

6,437

7,130

6,185

7,397

10,304

7,640

10,809

10,256

11,486

11,674

14,136

14,736

14,498

14,789

15,035

11,699

17,355

14,365

Accrued payroll and related expenses

11,883

12,951

12,068

9,906

10,093

15,073

10,609

10,239

9,067

13,078

14,801

12,688

10,871

13,868

11,049

10,920

11,294

11,278

12,103

11,508

12,782

15,415

13,098

13,991

15,415

15,612

11,903

13,652

20,874

20,422

17,502

16,930

21,920

20,153

19,110

13,871

Current portion of operating lease liabilities (Note 9)

3,757

3,717

4,046

4,161

4,530

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Refund liabilities

4,059

4,513

4,130

6,196

6,044

6,497

8,203

8,499

8,032

7,864

7,768

7,615

7,718

7,900

7,892

7,962

7,968

7,887

4,953

5,080

5,009

5,393

5,727

6,053

6,597

6,612

6,709

6,815

6,979

7,035

6,547

6,698

6,746

6,601

6,947

7,179

Contract with Customer, Liability, Current

-

-

-

-

-

2,428

-

-

-

1,431

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

1,789

2,217

1,577

2,141

2,388

-

1,142

1,795

1,741

-

1,727

1,682

1,421

1,330

804

951

765

965

1,094

1,821

2,301

2,173

1,758

1,822

1,512

1,237

1,133

1,824

1,551

1,043

1,192

1,867

1,688

1,518

1,075

1,381

Line of Credit, Current

4

17

25

42

48

48

48

48

48

48

48

0

13,600

3,600

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Compensation Liability, Long-term Incentive, Current

-

-

-

-

-

-

-

-

-

5,116

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term incentive compensation liability

-

-

-

-

15

-

0

998

914

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of debt (Note 5)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,750

4,500

5,250

3,000

3,000

3,000

3,000

3,000

3,000

3,000

3,000

Business acquisition obligations (Note 1)

-

-

0

4,000

3,843

4,162

3,992

5,444

3,843

3,759

2,078

2,079

2,076

2,078

-

-

-

39

-

-

-

0

230

0

3,156

2,994

3,086

3,098

4,218

3,822

5,538

6,349

3,502

1,985

2,204

1,380

Other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39

39

39

-

254

282

239

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

22,541

27,741

24,552

29,510

29,602

35,723

29,512

34,286

30,673

39,844

34,091

32,981

41,936

36,075

26,752

26,706

25,678

26,135

24,841

25,821

26,516

30,378

31,117

29,506

37,489

40,461

38,817

42,313

50,758

50,058

48,277

49,633

51,891

44,956

49,691

41,176

Long-term debt (Note 5)

-

-

-

-

-

21,553

-

-

-

13,526

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term Line of Credit

44,627

36,603

35,648

32,628

29,661

-

17,549

17,543

13,534

-

13,677

13,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term operating lease liabilities (Note 9)

6,386

7,435

6,569

7,647

8,786

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncurrent business acquisition obligations (Notes 1 and 12)

-

-

-

-

-

-

0

0

5,263

5,135

-

-

-

1,926

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt (Note 5)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,000

3,750

4,500

5,250

6,000

6,750

7,500

9,000

Noncurrent business acquisition obligations (Note 12)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,479

3,319

2,912

2,571

5,604

1,039

349

2,435

Refund liabilities

6

9

28

65

42

100

263

287

923

957

775

714

746

804

791

786

737

752

716

726

749

857

841

847

950

960

981

1,050

1,159

1,168

1,032

1,004

1,000

1,025

1,053

982

Deferred income taxes (Note 8)

628

628

670

666

666

666

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

-

-

0

9

47

458

412

461

424

442

2,389

2,393

2,557

2,279

1,866

1,322

1,094

1,089

1,218

531

568

561

532

574

562

367

711

1,226

1,538

1,853

2,124

2,519

2,828

3,122

5,154

3,885

Total liabilities

74,188

72,416

67,467

70,525

68,804

58,500

47,736

52,577

50,817

59,904

50,932

49,688

45,239

41,084

29,409

28,814

27,509

27,976

26,775

27,078

27,833

31,796

32,490

30,927

39,001

41,788

40,509

44,589

58,934

60,148

58,845

60,977

67,323

56,892

63,747

57,478

Commitments and contingencies (Note 7)

-

-

-

-

-

-

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 (Note 2):
Common stock, no par value; $.01 stated value per share. Authorized 50,000,000 shares; 23,595,079 shares issued and outstanding at March 31, 2020 and 23,369,433 shares issued and outstanding at December 31, 2019

236

234

232

236

234

232

236

235

231

224

224

224

221

218

218

218

221

227

229

246

257

268

285

301

294

292

292

289

279

254

253

251

251

245

245

239

Additional paid-in capital

583,161

582,404

581,533

582,982

581,356

582,574

585,553

583,468

581,898

580,032

578,695

577,754

576,215

575,118

574,028

573,363

573,760

575,532

576,256

582,121

585,684

590,067

598,823

609,182

604,806

602,630

601,194

600,769

594,045

577,755

575,729

575,479

574,266

569,121

567,706

566,328

Accumulated deficit

-533,059

-529,176

-524,773

-524,131

-519,852

-515,456

-523,315

-525,616

-522,710

-520,049

-525,358

-526,091

-525,416

-523,233

-523,000

-525,282

-524,690

-524,138

-526,182

-522,773

-523,870

-520,912

-518,528

-517,060

-513,386

-506,989

-511,866

-513,697

-513,200

-514,733

-517,298

-518,300

-518,592

-519,904

-520,326

-521,408

Accumulated other comprehensive loss

-2,360

-412

-1,052

-777

-508

-1,021

-393

-285

382

107

57

-7

562

287

65

307

425

794

871

1,715

1,532

1,563

2,621

2,044

2,114

2,595

2,499

3,044

3,528

3,595

3,459

3,581

3,165

3,069

3,705

3,684

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

47,978

53,050

55,940

58,310

61,230

66,329

62,081

57,802

59,801

60,314

53,618

51,880

51,582

52,390

51,311

48,606

49,716

52,415

51,174

61,309

63,603

70,986

83,201

94,467

93,828

98,528

92,119

90,405

84,652

66,871

62,143

61,011

59,090

52,531

51,330

48,843

Total liabilities and shareholders' equity

122,166

125,466

123,407

128,835

130,034

124,829

109,817

110,379

110,618

120,218

104,550

101,568

96,821

93,474

80,720

77,420

77,225

80,391

77,949

88,387

91,436

102,782

115,691

125,394

132,829

140,316

132,628

134,994

143,586

127,019

120,988

121,988

126,413

109,423

115,077

106,321