Spark energy, inc. (SPKEP)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Dec'13
Assets
Current assets:
Cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

13,126

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents

54,466

56,664

42,580

27,579

32,436

41,002

42,796

35,702

21,065

29,419

11,249

-

24,931

18,960

16,907

7,262

2,949

4,474

7,355

4,237

5,179

4,359

2,483

1,487

7,189

Restricted cash

1,005

1,004

1,002

1,001

2,767

8,636

-

-

-

0

-

919

-

-

-

-

-

-

0

0

0

700

-

-

0

Accounts receivable, net of allowance for doubtful accounts of $5,935 at March 31, 2020 and $4,797 at December 31, 2019

79,801

113,635

101,672

103,680

130,887

150,866

134,183

132,011

152,454

158,814

111,254

95,690

108,754

112,491

79,744

42,677

53,968

59,936

50,284

40,011

58,926

63,797

48,963

48,385

62,678

Due from Related Parties, Current

2,900

2,032

1,419

3,882

2,600

2,558

3,807

3,427

3,063

3,661

4,466

3,883

2,013

2,624

2,836

1,009

2,112

1,840

1,447

534

1,025

1,231

484

40

6,794

Inventory

264

2,954

3,580

2,020

235

3,878

4,077

1,860

400

4,470

5,688

3,442

430

3,752

3,725

1,827

181

3,665

5,230

2,945

511

8,032

9,659

4,011

4,322

Fair value of derivative assets

15

464

1,143

52

2,203

7,289

23,427

11,526

7,965

31,191

1,444

835

2,388

8,344

1,536

2,705

240

605

129

924

57

216

900

980

8,071

Customer acquisition costs, net

-

-

-

-

-

-

15,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer acquisition costs, net

6,759

8,649

8,389

13,004

14,455

14,431

-

17,123

20,181

22,123

20,872

18,377

18,515

18,834

15,565

11,857

13,026

13,389

15,260

14,514

13,762

12,369

14,658

10,959

4,775

Customer relationships, net

12,676

13,607

14,623

15,467

16,565

16,600

18,360

20,669

20,878

18,700

17,978

13,225

12,474

12,113

19,042

4,964

5,698

6,627

1,439

1,421

739

486

-

-

0

Acquired customer intangibles, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,979

-

-

-

-

-

-

Prepaid assets

-

-

-

-

-

-

-

3,575

3,809

-

1,353

1,466

2,319

1,361

1,515

1,699

1,597

700

420

789

1,208

1,236

1,303

1,578

1,032

Prepaid assetsaffiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

120

173

-

-

-

-

-

Deposits

6,327

6,806

6,723

9,331

8,043

9,226

12,631

12,109

28,763

7,701

9,570

6,374

6,264

7,329

8,158

3,565

7,073

7,421

6,952

5,335

8,128

10,569

4,123

-

3,529

Renewable energy credit asset

32,504

24,204

16,414

11,664

34,417

25,717

-

-

-

12,839

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposit - Verde consideration

-

-

-

-

-

-

-

-

-

-

-

65,785

-

-

-

-

-

-

-

-

-

-

-

-

-

Current deferred tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

803

-

-

-

-

-

-

Other current assets

10,161

6,109

14,296

14,810

11,031

11,747

31,074

18,863

23,254

7,867

17,322

9,203

13,595

12,175

10,717

4,763

4,537

4,023

4,503

2,615

2,787

2,987

6,114

10,549

2,901

Total current assets

206,915

236,128

211,841

202,490

255,670

291,980

285,955

256,865

281,832

296,738

201,196

232,325

191,683

197,983

159,745

82,328

91,381

102,680

99,921

73,498

92,322

105,989

88,687

77,989

101,291

Property and equipment, net

3,297

3,267

3,255

3,575

3,871

4,366

5,383

7,190

7,699

8,275

8,623

3,993

4,389

4,706

4,866

5,035

4,755

4,476

4,422

4,448

4,263

4,221

4,437

4,310

4,817

Fair value of derivative assets

0

106

94

0

146

3,276

1,873

595

262

3,309

138

122

0

3,083

318

439

-

0

-

-

-

-

-

-

-

Customer acquisition costs, net

9,072

9,845

9,328

4,856

4,736

3,893

3,466

-

-

6,949

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer relationships, net

-

-

-

-

-

26,429

-

-

-

34,839

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value of derivative assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11

74

6

Customer acquisition costs, net

-

-

-

-

-

-

-

5,315

6,698

-

6,670

7,880

8,776

6,134

4,531

2,436

2,381

3,808

4,618

4,450

3,499

2,976

5,736

4,085

2,901

Customer relationships, net

14,748

17,767

20,715

23,810

27,319

-

28,247

31,600

35,074

-

40,559

20,218

18,537

21,410

24,478

4,418

5,512

6,802

1,971

2,292

1,253

1,015

-

-

0

Deferred tax assets

30,333

29,865

23,130

31,847

27,261

27,321

24,935

27,581

30,734

21,977

50,302

-

-

54,109

-

-

-

-

-

-

-

-

-

-

-

Acquired customer intangibles - non-current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,979

-

-

-

-

-

-

Trademarks

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,226

-

-

-

-

-

-

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

54,105

54,335

-

56,101

52,460

34,531

23,380

23,196

23,770

24,206

24,047

22,999

-

0

Goodwill

120,343

120,343

120,343

120,343

120,343

120,343

120,343

120,343

120,154

120,154

120,154

80,947

79,407

79,147

79,556

18,379

18,379

18,379

18,385

-

-

0

-

-

-

Other assets

4,924

5,647

9,696

10,163

9,517

11,130

11,075

11,360

11,452

11,500

11,814

9,123

8,690

8,658

8,136

2,567

2,501

2,709

735

82

148

149

204

0

58

Total assets

389,632

422,968

398,402

397,084

448,863

488,738

481,277

460,849

493,905

503,741

439,456

408,713

365,817

375,230

337,731

168,062

159,440

162,234

160,453

108,540

125,691

138,397

122,074

86,458

109,073

Liabilities, Series A Preferred Stock and Stockholders' Equity
Current liabilities:
Accounts payable

34,654

48,245

45,708

48,985

54,515

68,790

55,496

59,393

61,687

77,510

53,866

49,341

40,315

52,309

34,964

22,257

23,207

29,732

28,731

26,504

31,534

38,210

33,694

35,025

36,971

Accounts payableaffiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

3,775

-

-

-

1,962

1,867

789

1,432

1,017

851

261

0

Due to Affiliate, Current

934

1,000

400

2,475

2,447

2,500

2,836

2,373

4,050

4,600

4,683

4,089

3,217

-

2,598

1,990

3,910

-

-

-

-

-

-

-

-

Accrued liabilities

35,891

37,941

23,755

23,165

7,336

10,845

45,518

32,330

41,512

10,202

32,833

21,749

40,022

36,619

31,744

14,368

11,885

12,245

10,409

7,032

7,743

7,195

4,349

4,889

6,838

Renewable energy credit liability

37,918

33,120

30,638

25,384

50,370

42,805

-

-

-

23,477

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value of derivative liabilities

26,450

19,943

4,460

25,848

5,518

6,478

269

2,079

12,347

1,637

3,879

6,947

1,723

680

13,762

1,929

9,719

10,620

6,437

8,825

8,472

11,526

1,601

3,281

1,833

Current portion of Senior Credit Facility

-

-

-

-

-

-

0

0

0

7,500

7,500

7,500

22,236

51,287

49,269

5,306

10,306

27,806

31,306

-

-

-

-

-

-

Taxes Payable, Current, Related Parties

-

-

0

11,239

1,658

1,658

2,508

2,508

5,937

5,937

1,454

1,454

-

0

-

1,407

1,407

-

-

-

-

-

-

-

-

Current contingent consideration for acquisitions

-

-

1,328

1,328

1,328

1,328

2,980

2,980

3,043

4,024

4,248

5,856

12,103

11,827

11,325

-

-

500

-

-

-

-

-

-

-

Current portion of note payable

-

-

0

0

5,900

6,936

10,535

13,921

11,332

13,443

13,276

0

8,185

15,501

13,445

-

-

0

-

9,000

20,000

33,000

20,500

41,050

27,500

Convertible subordinated notes to affiliates

-

-

-

-

-

-

-

-

-

-

0

0

0

6,582

-

-

-

0

-

-

-

-

-

-

-

Current deferred tax liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

Other current liabilities

1,741

1,697

1,862

1,132

1,037

647

856

1,282

2,484

2,675

1,804

1,024

2,230

5,476

3,662

2,308

2,878

1,323

834

673

2,541

1,868

1,465

2,833

0

Total current liabilities

137,588

141,955

108,102

139,556

130,109

141,951

120,998

116,866

142,392

151,027

123,543

97,960

130,031

184,056

160,769

49,565

63,312

84,188

79,584

52,823

71,722

92,816

62,460

87,339

73,142

Long-term liabilities:
Fair value of derivative liabilities

1,832

495

1,830

4,578

5,284

106

489

4,380

11,038

492

3,410

3,711

4,964

68

1,467

458

546

618

873

531

487

478

74

3

18

Payable pursuant to tax receivable agreement—affiliates

-

-

0

16,336

25,917

25,917

26,067

26,067

26,355

26,355

48,432

48,432

49,886

49,886

50,625

46,768

29,592

20,713

20,767

20,767

20,767

20,767

20,915

-

0

Long-term portion of Senior Credit Facility

95,000

123,000

109,000

94,000

110,500

129,500

112,000

102,000

106,500

117,750

84,025

76,500

-

0

0

11,939

13,266

14,592

15,919

-

-

0

-

-

-

Subordinated debt—affiliate

-

-

10,500

0

0

10,000

10,000

10,000

-

0

0

-

-

5,000

-

-

-

-

-

-

-

-

-

-

-

Note payable

-

-

-

-

-

-

0

0

5,900

7,051

4,575

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Subordinated debtaffiliate

-

-

-

-

-

-

-

-

-

-

-

15,000

0

-

-

-

-

0

-

-

-

-

-

-

-

Deferred tax liability

-

-

-

-

-

-

-

-

-

-

0

0

139

-

0

0

854

853

824

-

-

-

-

-

-

Convertible subordinated notes to affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,542

6,502

6,466

6,339

6,307

-

-

0

-

-

-

Contingent consideration for acquisitions

-

-

-

-

-

-

0

0

0

626

4,458

3,986

4,083

10,826

7,611

-

-

0

-

-

-

-

-

-

-

Other long-term liabilities

197

217

190

260

545

212

0

1

0

172

489

1,330

1,333

1,658

0

0

1,723

1,612

1,605

1,553

315

219

107

-

0

Total liabilities

234,617

265,667

229,626

254,730

272,355

307,686

269,554

259,314

292,185

303,473

268,932

246,919

190,436

251,494

227,014

115,232

115,759

128,915

125,879

75,674

93,291

114,280

83,556

87,342

73,160

Commitments and contingencies (Note 12)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests

88,282

90,015

90,646

90,649

90,758

90,758

-

-

-

41,173

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Series A Preferred Stock, par value $0.01 per share, 20,000,000 shares authorized, 3,707,256 shares issued and outstanding at September 30 and 1,704,339 shares issued and outstanding at December 31

-

-

-

-

-

-

90,758

90,758

90,758

-

41,244

39,111

38,346

-

0

0

0

0

0

0

0

0

0

-

0

Stockholders' equity:
Intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,373

-

-

-

-

-

-

-

-

Member's equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-884

35,913

Additional paid-in capital

52,710

51,842

53,750

42,329

45,769

46,157

25,387

28,846

27,717

47,811

36,502

35,277

33,812

25,272

23,476

21,997

16,600

12,565

11,933

10,494

9,635

9,296

8,998

-

0

Accumulated other comprehensive (loss) income

-40

-40

-57

-38

-12

2

-15

-33

-43

-11

-22

-17

-7

11

-33

-28

-

0

-

-

-

-

-

-

-

Retained earnings

814

1,074

3,849

-7,053

62

1,307

2,885

-2,678

-5,726

11,399

1,164

2,132

4,625

4,711

-681

1,491

1,314

-1,366

-224

132

546

-775

1,061

-

0

Treasury stock, at cost, 99,446 shares at March 31, 2020 and December 31, 2019

2,011

2,011

2,011

2,011

2,011

2,011

2,011

2,011

2,011

2,011

1,888

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Total stockholders' equity

51,827

51,219

55,885

33,581

44,159

45,806

26,597

24,475

20,285

57,536

36,104

36,455

38,603

30,330

22,930

23,601

18,053

11,338

11,848

10,765

10,319

8,659

10,197

-

35,913

Non-controlling interest in Spark HoldCo, LLC

14,906

16,067

22,245

18,124

41,591

44,488

94,368

86,302

90,677

101,559

93,176

86,228

98,432

93,406

87,787

29,229

25,628

21,981

22,726

22,101

22,081

15,458

28,321

-

0

Total equity

66,733

67,286

78,130

51,705

85,750

90,294

120,965

110,777

110,962

159,095

129,280

122,683

137,035

123,736

110,717

52,830

43,681

33,319

34,574

32,866

32,400

24,117

38,518

-

35,913

Total Members equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-884

-

Total liabilities, Series A Preferred Stock and Stockholders' equity

389,632

422,968

398,402

397,084

448,863

488,738

481,277

460,849

493,905

503,741

439,456

408,713

365,817

375,230

337,731

168,062

159,440

162,234

160,453

108,540

125,691

138,397

122,074

86,458

109,073

Common Class A [Member]
Common Stock

145

145

145

145

142

142

-

-

-

132

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common Class B [Member]
Common Stock

209

209

209

209

209

209

-

-

-

216

-

-

-

-

-

-

-

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