Tactile systems technology, inc. (TCMD)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Dec'15
Assets
Current assets
Cash and cash equivalents

32,297

22,770

19,814

25,040

23,548

20,099

23,136

17,320

25,313

23,968

19,653

18,096

20,714

30,701

39,294

6,719

7,060

Marketable securities

12,537

22,464

24,920

20,424

21,384

25,786

22,800

23,802

15,928

19,944

21,993

21,002

20,023

10,994

-

-

-

Accounts receivable

30,781

33,444

27,681

24,758

21,661

24,332

20,179

17,529

14,209

17,623

14,579

12,910

11,428

15,003

13,021

12,606

14,151

Net investment in leases

8,882

8,147

7,628

5,869

3,362

-

-

-

-

-

-

-

-

-

-

-

-

Inventories

22,363

19,059

16,882

13,165

11,321

11,189

14,919

16,437

14,656

11,040

9,784

9,631

6,933

6,554

6,248

5,945

5,781

Income taxes receivable

3,495

-

3,847

3,253

2,814

1,793

5,798

5,205

3,947

2,119

4,768

4,440

555

-

-

-

-

Prepaid expenses and other current assets

1,966

2,451

1,956

1,570

1,680

1,762

2,370

947

1,116

2,178

932

708

870

981

808

434

602

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,781

1,781

1,766

Total current assets

112,321

108,335

102,728

94,079

85,770

84,961

89,202

81,240

75,169

76,872

71,709

66,787

60,523

64,233

61,152

27,485

29,360

Non-current assets
Property and equipment, net

7,334

7,408

7,499

4,978

4,616

4,810

4,063

4,012

3,912

3,776

3,353

2,854

2,273

1,563

1,399

1,441

1,346

Right of use operating lease assets

15,289

15,885

15,204

3,298

3,396

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

5,206

5,312

5,074

5,157

5,244

5,339

3,035

2,984

-

2,218

-

-

-

-

-

-

-

Patent costs, net

-

-

-

-

-

-

-

-

2,157

-

2,251

2,292

2,340

2,394

2,304

2,356

2,489

Accounts receivable, non-current

5,157

4,184

3,025

2,609

2,172

1,884

1,011

1,648

2,971

2,718

2,771

2,961

2,869

2,823

1,644

1,787

2,039

Deferred income taxes

7,973

8,970

8,840

10,357

11,077

8,820

4,057

2,648

2,664

2,662

2,797

2,798

2,792

2,785

387

387

402

Other non-current assets

2,239

1,658

1,405

1,358

1,242

1,257

367

201

200

201

201

201

51

137

50

2,296

1,337

Total non-current assets

43,198

43,417

41,047

27,757

27,747

22,110

8,470

7,481

7,992

7,799

8,020

8,252

8,052

8,139

4,385

6,826

6,267

Total assets

155,519

151,752

143,775

121,836

113,517

107,071

101,735

92,733

87,073

88,447

83,082

77,893

70,848

73,935

66,936

35,752

36,973

Liabilities and Stockholders' Equity
Current liabilities
Accounts payable

8,739

3,843

6,289

6,855

5,832

5,110

3,929

4,649

5,234

4,253

5,485

6,567

4,862

3,776

4,808

4,353

3,336

Accrued payroll and related taxes

8,294

10,098

11,336

7,006

6,837

7,421

8,292

5,520

4,856

6,706

5,880

3,118

4,886

6,692

4,250

1,987

3,355

Accrued expenses

5,030

4,498

3,696

2,696

2,685

2,785

2,290

2,033

2,031

2,598

2,357

1,371

1,318

1,193

1,212

1,092

916

Future product royalties

-

-

-

-

3

-

6

9

15

17

26

34

48

67

265

495

991

Income taxes payable

-

632

-

-

-

-

1,801

-

-

212

-

-

-

823

172

-

904

Operating lease liabilities

1,585

1,454

1,990

1,291

1,147

-

-

-

-

-

-

-

-

-

-

-

-

Other current liabilities

1,073

903

817

810

800

760

439

316

603

733

218

-

-

1,242

-

-

-

Total current liabilities

24,721

21,428

24,128

18,658

17,304

16,076

16,757

12,527

12,739

14,519

13,966

11,090

11,114

13,793

10,707

7,927

9,502

Non-current liabilities
Deferred compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

150

193

193

Accrued warranty reserve, non-current

2,884

2,541

2,227

2,044

1,854

1,725

1,560

1,437

1,172

1,141

643

610

563

503

-

-

-

Income taxes, non-current

28

54

54

53

42

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities, non-current

14,846

15,134

13,399

2,073

2,318

-

-

-

-

-

-

-

-

-

-

-

-

Total non-current liabilities

17,758

17,729

15,680

4,170

4,214

1,725

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

42,479

39,157

39,808

22,828

21,518

17,801

18,317

13,964

13,911

15,660

14,609

11,700

11,677

14,296

10,857

8,120

9,695

Commitments and Contingencies (see Note 10)

-

-

-

-

-

-

0

0

0

-

-

-

-

0

-

-

-

Stockholders' equity:
Preferred stock, $0.001 par value, 50,000,000 shares authorized; none issued and outstanding as of March 31, 2020 and December 31, 2019

-

-

-

-

-

-

0

0

0

-

0

0

0

0

-

-

-

Common stock, $0.001 par value, 300,000,000 shares authorized; 19,226,665 shares issued and outstanding as of March 31, 2020; 19,152,715 shares issued and outstanding as of December 31, 2019

19

19

19

19

19

19

18

18

18

18

18

18

17

17

17

3

3

Additional paid-in capital

93,614

91,874

87,524

84,987

80,788

79,554

76,081

73,678

70,655

70,224

68,114

67,178

63,449

62,406

61,214

-

-

Retained earnings

19,369

20,676

16,393

13,962

11,177

9,705

7,350

5,604

3,032

3,082

852

-490

-4,277

-2,773

-5,152

-6,321

-5,652

Accumulated other comprehensive income

38

26

31

40

15

-8

-31

-38

-50

-44

-18

-20

-18

-11

-

-

-

Less: treasury stock, at cost — none as of December 31, 2018 and 26,086 shares as of December 31, 2017

-

-

-

-

-

-

-

493

493

493

493

493

-

-

-

-

-

Total stockholders' equity

113,040

112,595

103,967

99,008

91,999

89,270

83,418

78,769

73,162

72,787

68,473

66,193

59,171

59,639

56,079

-6,318

-5,649

Total liabilities and stockholders' equity

155,519

151,752

143,775

121,836

113,517

107,071

101,735

92,733

87,073

88,447

83,082

77,893

70,848

73,935

66,936

35,752

36,973