Quarterhill inc. (QTRH)
Balance Sheet / Quarterly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
Current assets
Cash and cash equivalents

81,818

106,553

93,431

126,311

130,394

175,246

432,186

82,636

Short-term investments

1,236

1,154

1,120

1,336

1,457

1,617

1,524

26,971

Restricted short-term investments

3,500

-

-

-

-

-

-

-

Accounts receivable (net of allowance for doubtful accounts) (Note 18)

19,298

20,357

8,436

2,198

11,999

1,139

2,153

2,238

Other current assets

13

-

-

-

-

-

-

-

Unbilled revenue

3,045

-

-

-

-

-

-

-

Income taxes receivable

144

-

-

-

-

-

-

-

Inventories (net of obsolescence) (Note 5)

5,083

-

-

-

-

-

-

-

Loan receivable (Note 7)

-

1,766

1,497

1,268

1,075

911

0

-

Prepaid expenses and deposits

4,129

1,293

1,607

494

593

314

-

-

Prepaid expenses and deposits

-

-

-

-

-

-

290

213

Deferred financing costs

-

-

-

-

-

-

1,716

0

Total Current Assets

118,266

129,357

104,594

130,339

144,443

178,316

437,869

112,058

Non-current assets
Property, plant and equipment (Note 8)

3,801

1,240

1,614

1,894

2,159

1,272

1,769

568

Intangible assets (Note 9)

114,944

123,351

155,213

146,485

150,025

116,846

118,645

126,069

Investment in joint venture (Note 6)

3,383

-

-

-

-

-

-

-

Deferred income tax assets (Note 16)

20,195

14,646

17,677

20,585

26,876

20,817

18,086

0

Goodwill (Note 10)

42,587

12,623

12,623

12,623

12,623

12,623

12,623

13,522

Total non-current assets

184,910

-

-

-

-

-

-

-

TOTAL ASSETS

303,176

282,983

293,218

313,194

337,201

330,785

588,992

252,217

Liabilities
Current liabilities
Bank indebtedness (Note 13)

3,568

-

-

-

-

-

-

-

Accounts payable and accrued liabilities (Note 12)

20,487

15,645

23,205

18,915

25,012

22,406

22,169

11,804

Income taxes payable (Note 16)

599

-

-

-

-

-

-

-

Current portion of patent finance obligation (Note 11)

4,090

-

-

-

-

-

-

-

Current portion of deferred revenue

6,733

-

-

-

-

-

-

-

Due to related party (Note 10)

-

-

-

-

-

-

7,102

0

Current portion of long-term debt

115

10,372

8,085

17,418

19,480

2,547

2,458

0

Deferred tax liability (Note 3)

-

-

-

-

-

-

1,851

0

Debentures (Note 9)

-

-

-

-

-

-

203,855

0

Total Current Liabilities

35,592

26,017

31,290

36,333

44,492

24,953

237,435

11,804

Non-current liabilities
Contingent consideration (Note 3)

4,474

-

-

-

-

-

-

-

Patent finance obligations (Note 8)

-

12,775

19,895

27,465

32,552

2,670

5,189

0

Success fee obligation

-

47

655

-

-

-

-

-

Deferred revenue

884

-

-

-

-

-

-

-

Long-term debt

401

-

-

-

-

-

-

-

Deferred income tax liabilities (Note 16)

7,291

-

-

-

-

-

-

-

Total non-current liabilities

13,050

-

-

-

-

-

-

-

Success fee obligation (Note 9)

-

-

-

3,639

7,048

-

-

-

Success fee obligation (Note 10)

-

-

-

-

-

10,900

15,212

0

TOTAL LIABILITIES

48,642

38,839

51,840

67,437

84,092

38,523

257,836

11,804

Commitments and contingencies (Note 12)

-

0

0

0

0

0

0

0

Shareholders equity
Capital stock (Note 14)

418,873

419,485

427,781

426,037

425,238

431,067

436,606

355,709

Additional paid-in capital

22,489

21,036

16,549

16,375

14,635

-

-

-

Additional paid-in capital (Note 11(d))

-

-

-

-

-

11,074

14,061

13,786

Accumulated other comprehensive income

20,111

16,225

16,225

16,225

16,225

16,225

16,225

26,055

Deficit

-206,939

-212,602

-219,177

-212,880

-202,989

-166,104

-135,736

-155,137

Total Stockholders' Equity

254,534

244,144

241,378

245,757

253,109

292,262

331,156

240,413

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

303,176

282,983

293,218

313,194

337,201

330,785

588,992

252,217