Synacor, Inc. SYNC Balance Sheet

Synacor, inc. (SYNC)

Balance Sheet / Quarterly

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	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11
ASSETS
CURRENT ASSETS:
Cash and cash equivalents
8,922	10,966	15,232	13,417	13,494	15,921	15,685	14,954	16,425	22,476	22,932	22,983	11,261	14,315	15,028	16,295	15,748	15,697	15,569	27,063	26,750	25,600	25,664	32,960	36,397	34,778	37,742	40,156	41,944	38,709	35,058	33,120	10,925
Accounts Receivable, after Allowance for Credit Loss, Current
14,820	20,532	20,121	21,894	21,007	25,567	21,180	21,754	24,179	31,696	20,453	17,775	17,235	27,386	19,993	19,052	22,423	24,341	20,810	17,044	19,276	20,479	17,769	14,594	14,569	14,359	15,346	14,548	15,624	14,393	15,507	15,117	14,336
Prepaid expenses and other current assets
4,181	2,989	3,604	3,871	4,300	3,779	5,131	5,702	5,741	4,516	6,583	5,018	5,117	4,862	4,599	5,188	4,350	3,290	2,254	1,961	2,315	2,292	1,794	2,268	1,691	2,239	1,936	2,140	1,831	2,259	2,612	2,600	1,811
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	314	-	-	-	1,999	-	-	-	3,534
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,151	1,022	-	1,013	945	1,987	-	4,441	4,777	3,433	-
Total current assets
27,923	34,487	38,957	39,182	38,801	45,267	41,996	42,410	46,345	58,688	49,968	45,776	33,613	46,563	39,620	40,535	42,521	43,328	38,633	46,068	48,341	48,371	46,378	50,844	52,971	52,389	55,969	58,831	61,398	59,802	57,954	54,270	30,606
PROPERTY AND EQUIPMENT, net
14,234	14,948	16,402	18,384	17,688	18,707	19,748	20,400	20,621	20,505	20,749	18,338	14,895	14,406	14,815	13,996	13,919	14,377	14,698	14,083	14,528	15,128	15,100	14,389	14,085	13,244	11,836	11,083	11,043	11,178	10,756	10,387	8,301
OPERATING LEASE RIGHT-OF-USE ASSETS, net
4,051	4,765	5,567	6,333	9,041	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
GOODWILL
15,934	15,948	15,945	15,947	15,944	15,941	15,950	15,947	15,950	15,955	15,956	15,949	15,944	15,943	15,949	15,949	15,949	15,187	14,743	1,565	1,565	1,565	1,565	1,565	1,565	819	819	819	819	819	819	819	0
INTANGIBLE ASSETS, net
7,875	8,411	8,946	9,482	10,017	10,553	11,088	11,624	12,159	12,695	13,230	13,766	14,301	14,837	15,376	15,881	16,445	14,798	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
INTANGIBLE ASSETS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,130	-	-	-	-	-	-	-	-	-	-	-	-	-	-
INVESTMENT
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	1,000	-	1,016	1,016	1,041	1,073	-	-	-	-	-	-	-	-	-	-	-
DEFERRED INCOME TAXES, NON-CURRENT
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,455	-	-	-	2,527	-	-	-	2,549
DEFERRED INCOME TAXES, NON-CURRENT
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,969	4,455	-	3,981	3,779	2,527	-	1,079	690	2,255	-
OTHER ASSETS
1,136	1,319	1,168	926	906	995	598	623	649	937	802	1,616	1,753	1,650	1,303	300	315	1,336	262	51	74	101	182	247	348	428	560	503	543	700	803	765	1,926
CONVERTIBLE PROMISSORY NOTE
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	-	-	-	0	-	-	-	-
CONVERTIBLE PROMISSORY NOTE
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	1,000	-	1,000	-	-	-	-	-	-	-
INVESTMENT IN EQUITY INTEREST
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	320	364	365	86	-	-	0	-	-	-	-
Total assets
71,153	79,878	86,985	90,254	92,397	91,463	89,380	91,004	95,724	108,780	100,705	95,445	80,506	93,399	87,063	87,661	90,149	89,026	85,482	62,783	65,549	66,238	69,514	72,864	74,789	71,947	72,963	73,763	76,330	73,578	71,022	68,496	43,382
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable
12,588	12,583	16,744	17,096	17,569	19,174	17,220	16,527	18,726	25,931	17,791	15,960	15,040	18,769	11,905	10,704	12,108	9,004	11,625	10,362	13,490	12,545	10,715	14,295	13,573	11,696	12,793	12,673	14,204	13,396	12,666	12,368	12,498
Accrued expenses and other current liabilities
3,313	5,878	7,156	5,830	4,610	7,849	6,589	5,929	4,650	7,075	8,126	7,080	7,714	11,684	13,265	12,015	9,529	9,765	7,404	7,459	7,150	7,761	6,375	4,193	5,177	6,043	5,866	6,180	7,328	6,293	5,326	3,749	5,492
Current portion of deferred revenue
5,952	6,509	5,972	6,219	5,994	6,672	7,481	8,443	-	11,605	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of long-term debt and finance leases
-	-	-	-	-	2,328	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of long-term debt and finance leases
1,819	2,529	3,404	3,547	2,245	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of operating lease liabilities
1,826	2,165	2,487	2,823	4,578	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of deferred revenue
-	-	-	-	-	-	-	-	8,361	-	11,005	12,350	12,157	12,149	9,946	10,279	10,298	11,295	7,652	-	-	642	-	-	-	-	-	-	-	-	-	-	-
Current portion of bank financing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	125	250
Current portion of capital lease obligations
-	-	-	-	-	-	2,376	2,364	2,405	2,444	2,479	1,892	1,158	982	1,170	1,472	1,481	1,574	1,412	1,319	1,101	1,150	1,532	1,792	1,946	1,914	1,905	1,989	2,127	2,258	2,408	2,338	1,593
Total current liabilities
25,498	29,664	35,763	35,515	34,996	36,023	33,666	33,263	34,142	47,055	39,401	37,282	36,069	43,584	36,286	34,470	33,416	31,638	28,093	19,140	21,741	22,098	18,622	20,280	20,696	19,653	20,564	20,842	23,659	21,947	20,400	18,580	19,833
LONG-TERM PORTION OF DEBT AND FINANCE LEASES
-	-	-	-	-	1,367	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
LONG-TERM PORTION OF DEBT AND FINANCE LEASES
986	729	861	491	824	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
LONG-TERM PORTION OF OPERATING LEASE LIABILITIES
2,411	2,846	3,266	3,696	4,642	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
LONG-TERM PORTION OF CAPITAL LEASE OBLIGATIONS
-	-	-	-	-	-	1,668	2,188	2,770	3,371	3,981	2,897	1,040	1,014	1,151	1,035	779	1,007	1,102	1,180	1,436	1,383	1,256	966	885	753	795	1,246	1,712	2,178	2,732	3,294	2,098
DEFERRED REVENUE
2,295	2,366	2,663	2,860	2,208	2,214	2,594	2,442	-	3,682	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
DEFERRED INCOME TAXES
295	275	290	270	-	231	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
REVOLVING LINE OF CREDIT
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,940	-	-	-	-	-	-	-	-	-	-	-	-	-	-
DEFERRED REVENUE
-	-	-	-	-	-	-	-	3,598	-	2,981	2,952	3,957	3,917	2,878	3,210	4,470	3,225	2,952	-	-	-	-	-	-	-	-	-	-	-	-	-	-
DEFERRED INCOME TAXES
-	-	-	-	250	-	85	145	225	264	-	-	-	127	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
OTHER LONG-TERM LIABILITIES
341	334	349	278	303	457	151	102	59	63	428	429	410	108	486	500	1,112	2,052	2,171	566	227	275	304	779	977	212	177	164	148	172	135	604	71
LONG-TERM DEBT
-	-	-	-	-	-	-	-	-	-	-	-	5,000	5,000	5,000	5,000	5,000	5,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities
31,826	36,214	43,192	43,110	43,223	40,292	38,164	38,140	40,794	54,435	46,791	43,560	46,476	53,750	45,801	44,215	44,777	42,922	39,258	20,886	23,404	23,756	20,182	22,025	22,558	20,618	21,536	22,252	25,519	24,297	23,267	22,478	22,002
COMMITMENTS AND CONTINGENCIES (Note 8)
-	-	-	-	-	-	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
STOCKHOLDERS’ EQUITY:
Preferred stock – par value $0.01 per share; authorized 10,000,000 shares; 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	0
Common stock – par value $0.01 per share; authorized 100,000,000 shares; 40,266,348 shares issued and 39,361,813 shares outstanding at March 31, 2020 and 40,075,475 shares issued and 39,201,477 shares outstanding at December 31, 2019
403	401	400	399	399	399	393	393	393	396	395	391	325	316	312	308	307	306	311	280	279	279	279	278	277	277	276	276	275	274	272	272	31
Treasury stock – at cost, 904,535 shares at March 31, 2020 and 873,998 shares at December 31, 2019
1,971	1,931	1,931	1,905	1,899	1,899	1,893	1,893	1,881	1,881	1,664	1,664	1,547	1,547	1,460	1,398	1,332	1,332	1,232	1,265	1,197	1,142	1,138	625	569	569	569	569	569	569	569	569	569
Additional paid-in capital
146,844	146,460	145,999	145,464	145,123	144,739	144,334	143,720	143,079	142,486	141,700	139,913	118,730	117,747	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additional paid-in capital
-	-	-	-	-	-	-	-	-	-	-	-	-	-	116,224	115,097	114,014	113,238	112,880	107,660	106,761	105,961	103,809	102,932	102,226	101,497	100,764	100,115	99,449	98,712	97,823	97,294	45,639
Accumulated deficit
-105,272	-100,747	-100,182	-96,457	-93,970	-91,726	-91,348	-89,152	-86,568	-86,627	-86,521	-86,782	-83,506	-76,850	-73,797	-70,432	-67,675	-66,110	-65,722	-64,792	-63,709	-62,636	-53,629	-51,761	-49,705	-49,877	-48,948	-48,311	-48,338	-49,128	-49,780	-50,979	-52,153
Accumulated other comprehensive loss
-677	-519	-493	-357	-479	-342	-270	-204	-93	-29	4	27	28	-17	-17	-129	58	2	-13	14	11	20	11	15	2	1	1	0	-6	-8	9	-	0
Total stockholders’ equity
39,327	43,664	43,793	47,144	49,174	51,171	51,216	52,864	54,930	54,345	53,914	51,885	34,030	39,649	41,262	43,446	45,372	46,104	46,224	41,897	42,145	42,482	49,332	50,839	52,231	51,329	51,524	51,511	50,811	49,281	47,755	46,018	21,380
Noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-97	-	-	-	-	-	-
Total equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	51,427	-	-	-	-	-	-
Total liabilities and stockholders’ equity
71,153	79,878	86,985	90,254	92,397	91,463	89,380	91,004	95,724	108,780	100,705	95,445	80,506	93,399	87,063	87,661	90,149	89,026	85,482	62,783	65,549	66,238	69,514	72,864	74,789	71,947	72,963	73,763	76,330	73,578	71,022	68,496	43,382
Allowance for doubtful accounts
-	-	-	-	-	225	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock, par value (in dollars per share)
-	-	-	-	-	0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock, shares authorized (in shares)
-	-	-	-	-	10,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, par value (in dollars per share)
-	-	-	-	-	0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, shares authorized (in shares)
-	-	-	-	-	100,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock, shares outstanding (in shares)
-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock, shares issued (in shares)
-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, shares issued (in shares)
-	-	39,980	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, shares outstanding (in shares)
-	-	39,106	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Treasury stock, shares (in shares)
-	-	873	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-