Spartan motors inc (SPAR)
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'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Current assets:
Cash and cash equivalents

40,903

19,349

15,019

17,897

21,368

27,439

15,667

21,664

29,407

33,523

21,855

21,240

35,412

32,041

39,986

39,764

36,785

32,701

20,887

20,597

11,958

28,570

28,479

29,677

27,198

30,707

19,964

15,618

16,617

21,748

26,690

33,290

39,441

31,677

30,505

30,627

14,507

Accounts receivable, less allowance of $181 and $228

70,836

58,874

112,455

122,083

104,399

68,009

109,946

92,556

83,388

83,147

93,682

81,951

64,189

65,441

70,482

69,625

59,532

56,617

68,521

63,563

70,252

48,362

59,432

49,186

55,579

47,560

52,299

50,552

40,309

47,139

50,043

50,630

43,141

40,042

44,225

33,643

52,542

Contract assets

14,645

10,898

49,043

46,077

44,055

9,229

43,576

46,418

41,051

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories, net

59,289

59,456

87,936

82,065

84,457

39,213

75,759

64,613

48,517

77,692

95,070

88,444

109,153

58,896

67,960

59,829

71,177

60,558

78,533

69,943

85,070

71,163

73,702

84,432

75,388

81,419

82,374

73,691

77,685

67,591

70,796

57,529

58,737

66,991

64,877

61,699

60,161

Other receivables – chassis pool agreements

8,832

8,162

16,975

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

373

-

716

716

716

716

4,973

3,432

3,432

-

-

-

-

Other current assets

9,503

5,344

6,247

5,664

5,437

3,952

4,828

4,441

4,822

4,425

4,482

5,283

5,318

4,526

3,044

3,869

3,732

3,506

2,901

2,827

3,552

3,661

2,073

2,410

2,762

2,291

2,534

2,583

5,227

6,027

2,247

2,681

2,757

2,455

1,660

2,649

3,636

Deferred income tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,164

-

4,658

7,799

7,799

7,799

6,824

6,736

6,736

6,736

6,291

6,291

6,291

6,291

6,425

6,425

6,425

6,425

6,218

6,218

6,218

Income taxes receivable

-

-

-

-

-

-

-

-

-

-

0

669

0

1,287

696

1,314

813

1,755

0

1,729

3,143

1,696

1,973

3,704

3,188

1,641

2,683

4,180

4,349

3,011

5,368

3,376

3,003

1,479

2,821

4,752

2,890

Current assets held for sale

-

90,725

-

-

-

97,487

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

329

-

373

-

-

-

-

-

-

-

-

-

-

-

Total current assets

204,008

252,808

287,675

273,786

259,716

245,329

249,776

229,692

207,185

198,787

215,089

197,587

214,072

162,191

182,168

174,401

175,203

155,137

175,500

166,458

181,774

161,251

172,483

176,474

171,224

170,727

166,861

153,631

151,194

152,523

166,542

157,363

156,936

149,069

150,306

139,588

139,954

Property, plant and equipment, net

40,524

40,074

62,189

55,595

56,175

32,485

55,547

54,630

54,966

55,177

55,984

57,078

58,134

53,116

50,998

49,904

47,439

47,320

47,799

49,547

50,162

50,417

51,070

52,190

53,159

54,278

55,850

57,442

58,734

59,122

58,273

58,437

56,317

65,399

66,820

67,835

71,268

Right of use assets – operating leases

30,664

32,147

37,110

14,953

12,930

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

43,632

43,632

60,333

31,874

33,823

22,367

27,417

27,417

27,417

27,417

27,489

25,823

25,630

15,961

15,961

15,961

15,961

15,961

15,961

15,961

15,961

15,961

15,961

15,961

15,961

15,961

20,815

20,815

20,815

20,815

20,815

20,815

20,816

20,815

20,815

20,815

18,418

Intangible assets, net

53,359

54,061

55,149

8,203

8,407

5,011

8,815

9,019

9,223

9,427

9,642

9,856

10,071

6,385

6,562

6,739

6,916

7,093

7,315

8,545

8,782

8,958

9,242

9,526

9,810

10,094

10,334

10,573

10,813

11,052

11,275

11,497

11,720

11,943

12,118

12,292

10,946

Other assets

2,237

2,295

2,693

2,638

3,303

2,261

2,713

2,614

3,097

3,072

2,872

2,788

2,675

2,331

2,246

2,124

2,075

1,996

1,910

2,380

2,348

2,226

2,127

2,157

2,315

2,222

2,052

1,867

1,868

1,639

1,601

1,514

1,561

1,383

1,313

1,426

1,163

Net deferred tax asset

14,124

25,520

-

-

-

7,141

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncurrent assets held for sale

-

-

-

-

-

39,190

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net deferred tax asset

-

-

7,463

7,759

7,705

-

5,627

6,312

6,312

7,284

9,790

3,212

3,227

3,310

3,313

644

-

644

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

TOTAL ASSETS

388,548

450,537

512,612

394,808

382,059

353,784

349,895

329,684

308,200

301,164

320,866

296,344

313,835

243,294

261,248

249,773

247,594

230,671

248,485

242,891

259,027

238,813

250,883

256,308

252,469

253,282

255,912

244,328

243,424

245,151

258,506

249,626

247,350

248,609

251,372

241,956

241,749

Current liabilities:
Accounts payable

63,480

54,713

83,723

105,580

87,803

73,384

92,598

78,574

49,978

40,643

55,000

41,991

35,890

31,336

44,140

38,664

41,292

27,318

38,923

30,517

46,274

22,762

29,216

35,246

30,270

30,525

32,917

24,233

23,295

23,000

30,092

22,507

22,552

21,649

27,897

22,785

17,970

Accrued warranty

5,155

5,694

18,084

17,111

16,482

4,407

16,243

16,194

17,358

18,268

19,786

19,084

20,191

19,334

18,673

17,030

16,217

16,610

11,239

9,751

9,577

9,237

9,488

8,564

7,979

7,579

7,433

7,575

7,765

6,062

6,262

6,076

5,853

5,802

6,054

6,061

5,702

Accrued customer rebates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,760

2,076

2,056

-

3,533

2,832

2,436

2,166

3,402

2,282

1,724

2,190

2,144

1,727

1,477

2,299

2,115

1,719

1,093

1,546

1,131

1,111

2,388

Accrued compensation and related taxes

9,704

15,841

17,362

11,836

9,253

7,678

9,236

10,800

9,008

13,264

12,043

9,862

8,353

13,188

12,217

11,162

8,583

8,684

9,183

9,067

9,080

8,226

8,676

7,350

7,070

6,440

6,735

6,056

5,806

7,748

6,295

6,723

5,816

5,670

4,055

3,332

5,583

Deposits from customers

1,091

2,640

11,369

19,136

19,150

871

-

-

-

25,422

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liability

5,634

5,162

5,133

3,511

2,547

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued vacation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,600

1,830

-

Deposits from customers

-

-

-

-

-

-

15,074

15,067

20,349

-

26,950

33,661

48,692

16,142

17,546

18,615

15,582

13,095

11,045

10,005

10,398

11,524

13,212

17,983

18,383

18,006

12,108

11,006

10,482

6,386

6,550

5,838

6,867

7,902

2,252

3,128

3,982

Other current liabilities and accrued expenses

8,652

15,967

14,849

12,645

18,326

8,620

9,946

8,680

13,727

12,071

12,461

11,654

11,143

7,659

5,719

4,248

4,365

6,603

5,363

5,399

5,518

6,646

5,959

6,269

6,108

5,333

6,420

5,825

6,472

8,113

8,738

8,726

8,175

7,772

8,862

6,100

5,997

Short-term debt – chassis pool agreements

8,832

8,162

16,975

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term debt

220

177

-

-

19

60

62

57

59

64

49

58

63

65

-

-

-

63

-

-

-

-

-

-

-

-

-

-

-

-

55

55

-

-

-

-

-

Current liabilities held for sale

-

49,601

-

-

-

43,077

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term debt

-

-

0

213

-

-

-

-

-

-

-

-

-

-

5,065

64

63

-

62

61

60

59

59

58

66

79

92

104

98

82

-

-

55

55

64

79

102

Total current liabilities

102,768

157,957

167,495

170,032

153,580

138,097

143,159

129,372

110,479

109,732

126,289

116,310

124,332

87,724

105,120

91,859

88,158

72,373

79,348

67,632

83,343

60,620

70,012

77,752

71,600

70,152

67,849

56,526

55,395

53,690

60,107

51,644

50,411

50,396

51,915

44,426

41,724

Other non-current liabilities

3,811

4,922

4,376

4,640

5,269

4,058

4,452

4,782

5,353

5,238

5,103

4,877

4,908

2,544

2,467

2,330

2,270

2,163

1,984

2,454

2,498

2,365

2,232

2,362

2,446

3,109

2,905

3,448

3,382

3,071

3,742

3,256

3,168

2,932

3,426

4,955

4,284

Long-term operating lease liability

25,510

27,241

32,171

11,636

10,517

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, less current portion

-

-

108,944

20,914

-

-

-

-

-

-

-

-

-

-

90

5,105

5,124

-

5,155

5,171

5,186

5,202

5,217

5,232

5,247

5,261

5,275

5,290

5,270

5,207

-

-

5,071

5,084

5,098

5,111

5,122

Long-term debt, less current portion

74,646

88,670

-

-

26,042

25,547

18,560

17,896

17,911

17,925

22,840

22,849

32,860

74

-

-

-

5,124

-

-

-

-

-

-

-

-

-

-

-

-

5,046

5,060

-

-

-

-

-

Deferred income tax liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,520

-

2,018

2,008

2,008

2,008

3,209

3,209

3,209

3,209

4,454

4,454

4,454

4,454

7,359

7,359

7,359

7,359

7,640

7,640

7,640

Total liabilities

206,735

278,790

312,986

207,222

195,408

167,702

166,171

152,050

133,743

132,895

154,232

144,036

37,768

90,342

107,677

99,294

98,072

79,660

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commitments and contingent liabilities

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Shareholders' equity:
Preferred stock, no par value: 2,000 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

0

0

Common stock, $0.01 par value; 80,000 shares authorized; 35,475 and 35,343 outstanding

354

353

353

353

353

353

352

352

353

351

351

351

351

344

344

344

349

343

343

343

343

341

341

343

345

342

341

341

338

339

338

339

339

336

336

334

332

Additional paid in capital

87,335

85,148

83,565

81,940

82,517

82,816

80,086

79,239

78,045

79,721

78,773

77,916

76,686

76,837

76,678

76,329

76,954

76,472

76,307

76,135

75,962

75,695

75,334

75,474

75,629

75,075

74,277

74,020

73,322

72,873

72,240

71,967

71,660

71,145

70,616

70,346

68,715

Retained earnings

94,575

86,764

116,380

106,026

104,299

103,571

103,944

98,701

96,717

88,855

88,168

74,699

75,330

76,428

77,205

74,461

72,869

72,326

83,489

89,306

89,844

92,724

94,562

91,952

93,992

96,132

100,811

100,249

101,263

105,517

109,674

110,001

109,342

111,357

112,341

109,144

113,932

Total Spartan Motors, Inc. shareholders’ equity

182,264

172,265

200,298

188,319

187,169

186,740

184,382

178,292

175,115

168,927

167,292

152,966

152,367

153,609

154,227

151,134

150,172

149,141

160,139

165,784

166,149

168,760

170,237

167,769

169,966

171,549

175,429

174,610

174,923

178,729

182,252

182,307

181,341

182,838

183,293

179,824

182,979

Non-controlling interest

-451

-518

-672

-733

-518

-658

-658

-658

-658

-658

-658

-658

-658

-657

-656

-655

-650

-650

-159

-158

-157

-142

-24

-16

1

2

-

-

-

-

-

-

-

-

-

-

-

Total shareholders’ equity

181,813

171,747

199,626

187,586

186,651

186,082

183,724

177,634

174,457

168,269

166,634

152,308

151,709

152,952

153,571

150,479

149,522

148,491

159,980

165,626

165,992

168,618

170,213

167,753

169,967

171,551

-

-

-

178,729

-

-

-

-

-

-

-

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

388,548

450,537

512,612

394,808

382,059

353,784

349,895

329,684

308,200

301,164

320,866

296,344

313,809

243,294

261,248

249,773

247,594

228,151

248,485

242,891

259,027

238,813

250,883

256,308

252,469

253,282

255,912

244,328

243,424

245,151

258,506

249,626

247,350

248,609

251,372

241,956

241,749