Providence Service Corp PRSC Balance Sheet

Providence service corp (PRSC)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
Assets
Current assets:
Cash and cash equivalents
254,371	61,365	40,637	29,804	42,418	5,678	47,492	29,700	86,229	52,798	92,178	56,583	82,882	72,262	52,362	68,824	95,217	79,756	106,724	145,161	170,130	135,258	136,898	123,000	105,840	98,995	91,103	73,974	83,080	55,863	63,757	50,179	47,054	43,183	48,505	54,166	61,260
Accounts receivable, net of allowance of $6,760 in 2020 and $5,933 in 2019
172,050	180,416	198,232	154,864	150,353	147,756	181,155	184,313	173,176	110,208	175,162	172,189	161,342	162,115	170,723	178,295	153,940	156,932	186,038	211,741	198,644	107,565	126,916	134,973	100,275	88,315	91,245	95,412	89,147	98,628	93,242	93,607	95,764	87,163	80,605	78,637	76,111
Management fee receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,309	2,820	3,305	2,662	2,688	2,601	3,067	3,537	3,838	4,592	5,839
Other receivables
3,672	3,396	3,435	6,115	4,751	4,846	3,525	5,366	4,542	5,749	5,555	8,545	11,696	12,639	9,329	15,469	14,800	16,298	10,242	15,131	6,724	5,314	5,138	6,120	5,624	6,607	1,683	1,474	1,267	4,105	2,110	2,589	1,829	1,600	1,994	2,652	3,929
Prepaid expenses and other
32,555	10,942	11,435	39,818	36,063	44,167	27,292	52,961	52,646	22,459	39,083	47,445	41,328	37,895	41,245	50,071	31,111	27,624	30,045	42,149	36,323	43,134	25,073	29,737	8,560	11,831	19,577	25,199	14,581	12,622	18,516	24,246	14,976	15,988	18,384	22,669	15,478
Restricted cash
73	153	833	1,832	1,868	1,482	1,624	1,868	1,597	1,091	1,198	1,461	2,624	3,192	2,475	2,893	3,903	4,012	3,897	3,641	2,633	3,234	4,424	4,609	2,883	3,772	3,837	3,526	2,151	1,787	3,300	3,623	4,071	4,654	5,121	6,033	7,314
Deferred tax assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,383	9,827	6,516	2,891	1,859	998	5,729	4,148	3,228	460	2,932	2,152	130	0	994	532	345	0	1,435	1,964	996	661	1,633
Current assets of discontinued operations
33	155	322	4,181	4,561	7,051	-	14,872	-	104,024	-	-	-	-	39,518	-	-	32,211	75,854	-	-	75,993	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current assets
462,754	256,427	254,894	236,614	240,014	210,980	261,088	289,080	318,190	296,329	313,176	286,223	299,872	288,103	323,035	325,379	305,487	319,724	414,659	418,821	420,183	374,646	301,677	298,899	226,114	211,672	209,884	202,405	194,525	176,199	183,960	176,848	168,198	158,093	159,445	169,413	171,568
Operating lease right-of-use assets
18,693	20,095	20,266	19,354	21,076	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property and equipment, net
22,586	23,243	21,968	21,548	21,809	22,965	47,027	47,450	50,447	37,672	48,191	47,761	47,112	46,220	57,451	67,324	61,419	46,158	51,349	62,127	58,689	42,648	44,496	45,582	33,321	32,709	30,886	29,908	29,858	30,380	30,582	31,437	31,009	28,563	24,300	23,678	16,401
Goodwill
135,216	135,216	135,216	135,216	135,216	135,216	160,420	121,138	122,540	95,215	121,555	120,818	119,893	119,624	126,167	337,158	339,227	129,958	340,854	358,483	353,995	342,412	162,561	175,521	113,154	113,263	113,345	113,298	113,866	113,915	113,946	113,850	113,979	113,736	113,708	113,839	113,783
Intangible assets, net
18,353	19,911	21,470	23,028	24,587	26,146	52,668	39,303	42,962	14,165	45,750	46,799	47,526	49,124	57,204	263,918	275,728	69,564	295,602	321,535	328,289	323,904	118,753	112,304	41,831	43,476	44,250	46,036	47,846	49,651	51,468	55,732	57,649	59,473	60,563	62,672	66,441
Equity investment
128,098	130,869	154,532	157,948	159,546	161,503	164,097	165,988	166,276	169,699	157,067	160,601	159,360	161,363	-	-	-	9,324	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
11,415	11,620	12,196	10,228	9,099	9,949	9,314	10,296	11,206	11,977	12,911	9,788	9,460	8,397	15,460	29,172	28,521	17,988	29,713	40,803	22,053	18,812	15,332	15,025	8,869	11,681	12,318	10,730	10,822	10,639	11,009	11,101	8,618	8,303	8,901	9,254	9,659
Restricted cash, less current portion
0	-	0	1,896	2,041	2,886	3,132	3,260	4,267	5,205	5,902	6,455	10,911	10,938	12,664	13,314	13,639	16,044	15,553	15,275	15,349	14,764	14,948	15,658	11,433	11,957	14,198	17,866	10,953	10,953	10,953	10,953	10,127	10,882	11,164	10,634	9,079
Deferred Income Tax Assets, Net
-	-	-	-	-	-	6,213	3,720	4,355	0	4,436	4,431	3,622	1,510	3,581	0	1,830	42	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Disposal Group, Including Discontinued Operation, Assets, Noncurrent
-	-	-	-	-	-	-	-	-	73,828	-	-	-	-	428,495	-	-	441,400	48,823	-	-	51,748	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total assets
797,115	597,381	620,542	605,832	613,388	569,645	703,959	680,235	720,243	704,090	708,988	682,876	697,756	685,279	1,024,057	1,036,265	1,025,851	1,050,202	1,196,553	1,217,044	1,198,558	1,168,934	657,767	662,989	434,722	424,758	424,881	420,243	407,870	391,737	401,920	399,923	389,583	379,052	378,083	389,492	386,933
Liabilities, redeemable convertible preferred stock and stockholders’ equity
Current liabilities:
Current portion of finance lease liabilities
162,000	0	308	308	650	718	37,149	1,714	1,712	2,400	1,528	1,918	1,742	1,721	322,898	35,250	33,313	31,375	31,000	29,663	27,125	24,588	3,000	2,250	49,000	48,250	47,500	62,500	15,000	14,000	12,500	11,250	10,000	10,000	10,000	10,000	18,113
Current portion of finance lease liabilities
276	308	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Note payable to related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	65,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
38,469	9,805	7,614	9,635	5,307	8,828	17,994	24,956	19,009	318	19,921	18,101	24,142	22,177	22,493	52,318	28,481	28,019	31,961	56,441	34,626	46,557	32,164	39,120	5,314	3,904	4,543	4,513	4,650	4,569	3,779	6,236	2,913	4,461	3,958	3,869	2,887
Current portion of operating lease liabilities
6,737	6,730	6,742	6,892	7,763	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses
46,361	38,733	32,654	49,775	38,424	39,191	70,071	84,292	105,258	71,643	103,397	105,464	111,829	102,381	103,468	107,769	100,327	117,436	105,681	127,722	137,682	99,273	98,904	81,376	59,916	52,484	48,766	48,777	44,303	32,976	34,401	29,850	32,822	30,654	35,964	35,551	33,551
Accrued transportation costs
67,778	87,063	112,410	87,825	111,529	84,889	114,476	94,077	100,270	83,588	101,195	83,812	90,955	72,356	96,472	76,656	84,467	64,537	79,118	61,514	73,322	55,492	61,290	68,516	54,864	54,962	56,410	55,742	59,257	61,316	64,557	58,969	53,815	47,656	47,199	44,266	41,868
Deferred revenue
565	227	231	232	253	562	17,419	30,004	28,745	3,019	17,421	24,469	22,756	20,522	17,958	27,554	28,491	28,667	28,140	27,733	14,678	10,743	14,338	14,239	3,818	3,687	5,263	5,392	9,377	7,055	5,832	3,882	3,422	2,193	2,613	3,249	5,373
Self-funded insurance programs
5,502	5,890	4,636	4,701	5,922	5,438	6,860	5,646	4,802	4,319	4,881	4,857	7,099	8,639	9,910	11,526	8,507	9,389	15,337	17,861	6,880	11,077	12,634	14,592	7,694	10,778	13,159	15,785	9,174	12,713	13,100	14,660	9,386	11,920	12,124	13,379	11,898
Current liabilities of discontinued operations
1,455	1,430	1,246	1,280	1,621	3,257	-	14,872	-	61,643	-	-	-	-	20,603	-	-	15,849	24,222	-	-	26,228	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,363	-	-	-	179	-	-	-	-	-
Total current liabilities
329,143	150,186	165,841	160,648	171,469	142,883	263,969	255,561	259,796	226,930	248,343	238,621	258,523	227,796	593,802	311,073	283,586	295,272	315,459	320,934	294,313	339,458	222,330	220,093	180,606	174,065	175,641	194,072	141,761	132,629	134,172	125,028	112,360	106,886	111,860	110,317	113,693
Finance lease liabilities, less current portion
0	45	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt, less current portion
-	-	122	199	276	353	430	507	644	584	566	1,131	1,199	1,890	0	272,828	274,540	268,696	451,035	458,667	476,898	484,525	188,600	189,350	74,500	75,250	76,000	61,000	112,250	116,000	128,000	134,243	137,993	140,493	142,993	157,524	164,190
Operating lease liabilities, less current portion
12,987	14,502	14,786	13,810	14,603	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
15,010	15,029	17,926	15,076	12,472	14,970	17,609	16,085	20,499	16,216	23,968	24,750	25,048	22,380	27,683	29,729	27,451	22,855	27,509	30,204	30,139	25,974	59,338	66,351	13,313	15,359	15,736	14,956	14,974	13,527	13,724	13,203	13,902	9,740	10,130	10,875	8,721
Deferred tax liabilities
34,497	22,907	24,339	20,909	22,240	23,049	44,716	38,722	40,704	39,232	54,363	55,141	57,939	57,973	6,586	88,987	91,765	8,403	88,765	86,432	91,386	96,928	11,765	10,404	8,894	9,447	11,683	11,642	11,785	10,894	11,082	11,674	11,940	12,910	10,843	10,710	11,579
Long-term liabilities of discontinued operations
-	-	639	713	-	-	-	-	-	7,565	-	-	-	-	81,884	-	-	87,268	854	-	-	635	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities
391,637	202,669	223,653	211,355	221,060	181,255	326,724	310,875	321,643	290,527	327,240	319,643	342,709	310,039	709,955	702,617	677,342	682,494	883,622	896,237	892,736	947,520	482,033	486,198	277,313	274,121	279,060	281,670	280,770	273,050	286,979	284,148	276,196	270,030	275,827	289,427	298,184
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
Redeemable convertible preferred stock
Convertible preferred stock, net: Authorized 10,000,000 shares; $0.001 par value; 798,772 and 798,788, respectively, issued and outstanding; 5.5%/8.5% dividend rate
77,120	77,120	77,234	77,234	77,392	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stockholders’ equity
Preferred stock: Authorized 10,000,000 shares; $0.001 par value; none issued and outstanding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Common stock: Authorized 40,000,000 shares; $0.001 par value; 18,192,644 and 18,073,763, respectively, issued and outstanding (including treasury shares)
18	18	18	18	18	18	18	18	18	17	17	17	17	17	17	17	17	17	17	17	17	17	16	15	15	14	14	14	14	14	13	13	13	13	13	13	13
Additional paid-in capital
354,628	351,529	346,034	344,676	339,404	334,744	331,947	330,009	323,966	313,955	310,017	307,934	305,521	302,010	299,950	295,813	293,841	293,012	273,862	270,027	268,438	261,155	220,388	214,195	195,581	194,363	192,547	188,979	183,057	180,778	179,792	178,690	177,333	176,172	175,201	174,277	172,540
Retained earnings
198,736	183,733	190,857	183,812	186,622	187,127	208,589	202,548	214,869	204,818	167,004	153,266	150,453	156,718	73,408	73,870	70,345	69,209	-6,067	-495	-7,129	-13,366	-20,417	-20,682	-27,354	-33,641	-36,998	-40,525	-46,401	-53,079	-55,944	-57,101	-58,519	-61,561	-67,226	-69,177	-78,501
Accumulated other comprehensive loss, net of tax
-	-	-	-	-	-	-28,102	-27,846	-23,879	-25,805	-26,331	-29,023	-32,248	-33,449	-27,971	-25,163	-18,323	-16,831	-14,335	-8,045	-14,051	-8,756	-6,601	959	-1,683	-1,419	-1,155	-1,308	-1,053	-893	-787	-1,183	-848	-1,127	-1,257	-574	-880
Treasury shares, at cost, 5,232,229 and 5,088,782 shares, respectively
225,024	217,688	217,254	211,263	211,108	210,891	210,812	210,802	191,970	154,803	144,201	144,193	144,192	125,201	108,037	87,357	74,402	54,823	18,424	18,420	18,407	17,686	17,663	17,663	16,111	15,641	15,548	15,548	15,478	15,094	15,093	11,604	11,552	11,435	11,435	11,435	11,383
Total stockholders’ equity
328,358	317,592	319,655	317,243	314,936	310,998	301,640	293,927	323,004	338,182	306,506	288,001	279,551	300,095	237,367	257,180	271,478	290,584	235,053	243,084	228,868	221,364	175,723	176,824	150,448	143,676	138,860	131,612	120,139	111,726	107,980	108,814	106,425	102,062	95,295	93,104	81,788
Noncontrolling interest
-	-	-	-	-	-	-1,809	-2,012	-1,950	-2,165	-2,307	-2,333	-2,069	-2,420	-830	-1,097	-545	-452	159	4	60	50	11	-33	6,961	6,961	6,961	6,961	6,961	6,961	6,960	6,960	6,960	6,960	6,960	6,960	6,960
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	299,831	291,915	321,054	336,017	304,199	285,668	277,482	297,675	236,537	256,083	270,933	290,132	235,212	243,088	228,928	221,414	175,734	176,791	157,409	150,637	145,821	138,573	127,100	118,687	114,941	115,774	113,386	109,022	102,255	100,065	88,748
Total liabilities, redeemable convertible preferred stock and stockholders’ equity
797,115	597,381	620,542	605,832	613,388	569,645	703,959	680,235	720,243	704,090	708,988	682,876	697,756	685,279	1,024,057	1,036,265	1,025,851	1,050,202	1,196,553	1,217,044	1,198,558	1,168,934	657,767	662,989	434,722	424,758	424,881	420,243	407,870	391,737	401,920	399,923	389,583	379,052	378,083	389,492	386,933
Allowance for credit loss
-	-	-	-	-	1,854	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, shares authorized (in shares)
-	-	-	-	-	40,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, par (in USD per share)
-	-	-	-	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, shares, issued (in shares)
-	-	-	-	-	17,784	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, shares, outstanding (in shares)
-	-	-	-	-	17,784	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Treasury stock (in shares)
-	-	-	-	-	4,970	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Convertible Preferred Stock
Convertible preferred stock, net: Authorized 10,000,000 shares; $0.001 par value; 798,788 and 801,606 issued and outstanding; 5.5%/8.5% dividend rate
-	-	-	-	-	77,392	-	-	-	77,546	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Temporary equity, shares authorized (in shares)
-	-	-	-	-	10,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Temporary equity, par (in USD per share)
-	-	-	-	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Temporary equity, shares issued (in shares)
-	-	-	-	-	801	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Temporary equity, shares outstanding (in shares)
-	-	-	-	-	801	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-