Sp plus corp (SP)
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
Cash and cash equivalents

21,900

24,100

29,600

22,300

23,700

39,900

20,200

32,500

28,500

22,800

23,400

27,500

21,600

22,200

19,300

22,100

30,800

18,700

18,992

23,786

18,794

18,200

18,165

23,551

24,271

23,158

22,275

20,457

26,796

28,450

10,386

9,055

9,047

13,220

7,619

11,785

7,305

Notes and accounts receivable, net

158,800

162,300

150,000

162,100

156,200

150,700

136,400

130,900

136,500

122,300

124,900

120,000

125,000

120,700

120,700

114,200

106,600

105,100

107,078

115,168

115,343

109,300

114,074

116,510

131,489

115,126

122,353

119,980

117,105

111,498

61,175

57,071

55,964

46,396

54,318

47,681

52,167

Prepaid expenses and other

14,400

24,700

15,700

14,100

14,400

17,200

13,100

12,300

11,300

15,500

10,200

10,600

11,800

13,700

11,200

17,700

22,500

13,900

16,729

10,759

11,840

17,800

10,936

10,816

14,000

20,645

13,873

18,524

21,084

27,823

2,604

3,020

2,770

2,419

2,692

3,026

2,312

Total current assets

195,100

211,100

195,300

198,500

194,300

207,800

169,700

175,700

176,300

160,600

158,500

158,100

158,400

156,600

163,500

166,300

172,200

137,700

153,776

160,697

156,959

156,200

153,492

161,194

180,077

169,246

173,766

174,226

180,250

183,036

76,910

71,891

70,526

64,805

66,943

64,806

64,098

Leasehold improvements, equipment and construction in progress, net

50,700

47,900

43,200

42,300

40,200

40,300

26,300

26,000

27,100

27,400

26,500

28,100

29,100

30,900

31,800

33,100

32,400

34,600

38,001

39,874

41,716

42,800

45,281

46,200

47,525

44,885

45,120

41,897

40,839

40,402

16,646

16,417

16,297

16,732

16,630

16,703

16,839

Right-of-use assets

324,600

431,700

444,500

454,200

481,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of contracts, net

-

-

4,500

4,400

4,700

9,200

8,200

8,700

8,700

8,900

9,500

10,100

10,900

11,400

11,200

10,000

10,600

11,900

11,647

11,371

12,183

10,500

10,433

11,009

10,240

10,762

11,836

12,412

12,874

14,215

13,030

13,304

13,914

14,286

14,332

14,763

15,628

Goodwill

585,700

586,000

585,700

585,800

585,700

585,500

431,600

431,500

431,600

431,700

431,700

431,600

431,400

431,400

431,500

431,600

431,500

431,300

431,457

432,591

432,531

432,900

439,473

439,488

439,322

439,503

439,382

439,295

439,359

439,486

132,694

132,483

132,530

132,417

131,981

132,372

132,196

Other assets
Advances and deposits

-

-

4,200

4,300

4,000

4,200

4,200

4,000

4,700

4,100

4,200

4,500

4,300

4,300

4,600

4,100

4,400

5,000

5,885

5,206

5,849

6,700

5,373

5,306

6,109

7,149

7,132

7,863

8,545

8,540

4,131

4,564

4,404

5,261

5,205

5,062

5,172

Long-term receivables, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,398

15,094

14,956

-

13,842

12,959

12,789

Other intangible assets, net

148,300

152,200

154,600

158,400

162,200

166,000

50,100

51,500

52,800

54,100

55,400

56,800

58,100

61,300

64,500

68,300

72,100

75,900

79,671

83,454

87,245

91,000

94,846

98,625

102,420

106,222

173,869

180,725

188,752

122,631

10,387

9,893

9,935

1,358

9,080

9,608

8,910

Favorable acquired lease contracts, net

-

-

0

0

0

17,600

18,500

19,500

20,400

23,300

24,400

25,900

28,000

30,000

31,800

33,900

35,900

38,100

41,003

43,389

45,777

48,300

50,935

53,899

56,927

60,034

-

-

-

74,713

-

-

-

-

-

-

-

Equity investments in unconsolidated entities

10,200

10,200

10,400

10,300

9,900

9,800

9,900

9,600

9,700

18,600

18,700

18,700

18,700

18,500

18,500

18,500

18,800

19,000

19,553

19,784

20,389

20,700

-

-

-

8,122

-

-

-

-

-

-

-

-

-

-

-

Other assets, net

-

-

20,300

19,900

19,000

17,300

19,100

18,600

18,300

18,300

17,700

17,100

16,800

16,300

21,500

19,800

18,400

14,900

19,758

18,533

17,657

14,000

24,962

25,204

24,587

16,452

23,731

23,277

22,867

22,260

-

-

-

8,112

-

-

-

Deferred taxes

52,200

10,600

13,100

13,700

14,200

14,600

15,800

15,900

15,800

15,900

19,300

18,800

18,200

17,900

12,300

12,300

12,300

15,700

10,977

10,984

10,982

10,900

10,317

10,317

10,317

10,317

15,265

15,265

15,265

15,265

2,745

2,745

2,745

7,355

2,314

2,314

2,314

Other assets, net

28,300

29,900

792,800

796,800

799,700

824,200

557,400

559,300

562,000

574,900

580,900

583,500

586,400

591,100

583,600

586,200

591,700

611,800

608,974

614,328

621,631

624,100

626,022

633,531

639,605

648,244

655,950

663,572

672,397

681,845

-

-

-

161,434

-

-

174,695

Total noncurrent assets

1,200,000

1,268,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

1,395,100

1,479,600

1,475,800

1,491,800

1,515,200

1,072,300

753,400

761,000

765,400

762,900

765,900

769,700

773,900

778,600

778,900

785,600

796,300

784,100

800,751

814,899

820,306

823,100

824,795

840,925

867,207

862,375

874,836

879,695

893,486

905,283

269,196

263,646

262,562

242,971

258,013

256,273

255,632

Liabilities and stockholders’ equity
Accounts payable

121,500

115,300

102,500

107,400

103,300

110,100

93,500

94,900

97,600

102,800

95,900

108,000

113,900

109,900

97,000

103,200

100,100

95,100

91,233

97,944

101,845

106,500

97,852

110,775

111,861

115,493

110,560

120,857

118,520

129,034

51,501

54,583

48,690

44,747

41,750

48,534

43,984

Accrued rent

-

-

18,200

18,900

15,700

23,500

22,800

23,600

20,600

23,200

23,600

23,100

20,800

21,700

22,700

22,400

21,900

22,900

-

-

-

22,100

-

-

-

17,397

-

-

-

11,444

-

-

-

5,074

-

-

4,044

Compensation and payroll withholdings

-

-

24,200

23,000

21,300

25,800

22,400

22,900

20,800

22,200

21,500

23,600

21,900

25,700

21,100

22,600

22,300

21,000

-

-

-

22,000

-

-

-

28,955

-

-

-

34,562

-

-

-

11,132

-

-

10,774

Property, payroll and other taxes

-

-

8,700

6,500

8,500

9,500

10,000

8,300

8,500

6,800

9,100

13,700

10,100

7,600

9,200

9,800

7,700

8,600

-

-

-

11,700

-

-

-

11,803

-

-

-

11,740

-

-

-

3,228

-

-

3,025

Accrued insurance

-

-

19,000

19,800

19,800

19,700

18,000

18,000

18,700

18,900

19,300

19,200

18,400

18,100

18,100

18,200

19,900

19,400

-

-

-

22,000

-

-

-

23,473

-

-

-

27,972

-

-

-

7,784

-

-

7,012

Accrued and other current liabilities

117,200

121,400

40,000

36,800

34,500

45,100

30,400

30,000

30,300

25,500

20,700

19,400

18,100

25,500

25,100

22,100

25,300

25,400

93,281

91,130

89,879

26,000

105,650

98,350

98,258

20,722

98,200

94,698

97,835

23,582

37,565

35,273

30,244

14,086

34,426

33,883

15,127

Short-term lease liabilities

108,500

115,200

117,100

117,600

123,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of unfavorable lease contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,592

15,856

15,522

-

-

-

-

-

-

-

-

Current portion of long-term obligations under Senior Credit Facility and other long-term borrowings

18,800

17,900

14,400

14,000

13,300

13,200

20,900

20,700

20,600

20,600

20,400

20,400

20,400

20,400

19,100

17,800

16,500

15,200

15,974

15,959

15,943

14,500

30,481

28,551

26,537

24,632

21,590

21,559

21,680

21,837

633

723

707

754

706

695

673

Total current liabilities

366,000

369,800

344,100

344,000

339,400

246,900

218,000

218,400

217,100

220,000

210,500

227,400

223,600

228,900

212,300

216,100

213,700

207,600

200,488

205,033

207,667

224,800

233,983

237,676

236,656

242,475

243,942

252,970

253,557

260,171

89,699

90,579

79,641

86,805

76,882

83,112

84,639

Long-term borrowings, excluding current portion

362,900

351,100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

5,239

5,800

10,117

10,314

11,082

17,348

15,333

18,661

18,819

19,079

16,488

14,474

13,496

7,355

12,494

11,114

9,637

Long-term borrowings, excluding current portion
Obligations under Senior Credit Facility

-

-

340,600

343,800

358,300

360,900

85,800

104,600

124,300

132,000

153,000

148,700

171,300

174,500

194,800

198,500

217,400

209,400

231,018

242,725

251,228

235,500

232,015

247,924

277,200

263,457

286,075

282,914

298,951

286,727

-

-

-

80,000

-

-

95,200

Other long-term borrowings

-

-

15,100

14,500

12,400

12,600

1,100

1,100

1,200

1,200

0

100

100

200

200

300

400

500

-

-

-

800

784

717

534

577

1,872

1,914

1,955

1,995

-

-

-

1,259

-

-

-

Capital lease and other obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,029

Long-term Debt and Lease Obligation

-

-

355,700

358,300

370,700

373,500

86,900

105,700

125,500

133,200

153,000

148,800

171,400

174,700

195,000

198,800

217,800

209,900

-

-

-

236,300

232,799

248,641

277,734

264,034

287,947

284,828

300,906

288,722

72,658

70,945

87,835

81,259

93,445

85,676

97,229

Long-term lease liabilities

305,700

327,700

338,400

348,400

369,700

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unfavorable acquired lease contracts, net

-

-

0

0

0

24,700

26,300

27,900

29,600

31,500

33,500

35,700

38,000

40,200

42,600

45,100

47,700

50,300

52,967

55,756

58,531

61,400

64,182

67,194

70,244

74,130

66,034

66,726

71,366

92,225

-

-

-

-

-

-

-

Other noncurrent liabilities

53,900

57,100

59,300

59,200

58,400

58,600

63,500

63,800

64,900

65,100

63,400

64,700

65,500

66,400

68,700

68,700

67,500

66,200

69,508

69,212

66,485

65,000

63,443

62,113

63,041

60,677

63,738

63,312

61,138

58,086

30,332

30,462

28,971

26,386

27,567

30,025

27,324

Total noncurrent liabilities

722,500

735,900

753,400

765,900

798,800

456,800

176,700

197,400

220,000

229,800

249,900

249,200

274,900

281,300

306,300

312,600

333,000

326,400

353,493

367,693

381,483

368,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Liabilities

1,088,500

1,105,700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stockholders’ equity
Preferred stock, par value $0.01 per share; 5,000,000 shares authorized as of March 31, 2020 and December 31, 2019, respectively; no shares issued or outstanding

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

0

0

0

0

0

0

0

Common stock, par value $0.001 per share; 50,000,000 shares authorized as of March 31, 2020 and December 31, 2019; 25,031,803 and 22,997,061 shares issued and outstanding as of March 31, 2020 and 24,591,127 issued and 22,950,360 outstanding as of December 31, 2019, respectively

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

22

22

22

0

22

22

22

22

22

22

22

22

15

15

15

15

16

16

16

Treasury stock, at cost; 2,034,742 and 1,640,767 shares as of March 31, 2020 and December 31, 2019, respectively

70,600

55,300

39,800

21,100

9,800

7,500

7,500

7,500

7,500

7,500

7,500

7,500

7,500

7,500

5,400

900

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

866

431

-

Additional paid-in capital

259,700

262,600

260,800

259,500

258,000

257,700

256,700

256,800

255,200

254,600

254,700

253,600

252,600

251,200

250,500

249,900

248,400

247,900

247,119

245,934

244,433

243,900

243,392

242,519

241,372

240,665

239,767

238,763

237,417

236,375

94,071

93,820

93,358

92,662

95,141

98,967

97,291

Accumulated other comprehensive loss

-5,700

-2,700

-3,300

-3,100

-2,200

-2,400

-1,600

-1,800

-1,600

-1,200

-1,200

-1,400

-1,500

-1,400

-1,300

-1,400

-1,200

-1,100

-1,312

-797

-687

-200

88

-75

134

118

228

508

-363

-381

-110

-312

-232

-318

-362

82

103

Retained earnings

123,400

169,500

160,600

146,500

131,300

120,700

111,100

97,600

82,200

67,000

59,100

47,800

31,600

25,900

16,300

9,300

2,800

2,800

226

-3,480

-13,239

-14,600

-23,767

-28,069

-33,376

-37,679

-42,841

-46,584

-50,028

-49,768

-33,902

-36,281

-40,436

-51,108

-46,234

-52,210

-60,532

Total SP Plus Corporation stockholders’ equity

306,800

374,100

378,300

381,800

377,300

368,500

358,700

345,100

328,300

312,900

305,100

292,500

275,200

268,200

260,100

256,900

250,000

249,600

246,055

241,679

230,529

229,100

219,735

214,397

208,152

203,126

197,176

192,709

187,048

186,248

60,074

57,186

52,619

41,251

47,625

46,346

36,803

Noncontrolling interest

-200

-200

0

100

-300

100

0

100

0

200

400

600

200

200

200

0

-400

500

715

494

627

700

536

590

298

585

666

489

652

752

-55

-56

-86

-85

-70

-78

-75

Total stockholders’ equity

306,600

373,900

378,300

381,900

377,000

368,600

358,700

345,200

328,300

313,100

305,500

293,100

275,400

268,400

260,300

256,900

249,600

250,100

246,770

242,173

231,156

229,800

220,271

214,987

208,450

203,711

197,842

193,198

187,700

187,000

60,019

57,242

52,705

41,166

47,695

46,424

36,878

Total liabilities and stockholders’ equity

1,395,100

1,479,600

1,475,800

1,491,800

1,515,200

1,072,300

753,400

761,000

765,400

762,900

765,900

769,700

773,900

778,600

778,900

785,600

796,300

784,100

800,751

814,899

820,306

823,100

824,795

840,925

867,207

862,375

874,836

879,695

893,486

905,283

269,196

263,646

262,562

242,971

258,013

256,273

255,632