TUCOWS INC /PA/ TCX Balance Sheet

Tucows inc /pa/ (TCX)

Balance Sheet / TTM

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	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
Current assets:
Cash and cash equivalents
12,446	20,393	11,989	12,003	11,035	12,637	10,775	11,161	16,587	18,049	12,547	15,145	15,032	15,105	10,498	5,879	10,010	7,723	11,898	15,300	13,678	8,271	13,589	14,164	13,537	12,418	11,549	6,465	4,286	6,415	4,969	4,511	6,366	6,408	4,653	4,348	4,205
Accounts receivable, net of allowance for doubtful accounts of $195 as of March 31, 2020 and $131 as of December 31, 2019
12,480	14,564	13,351	11,588	13,120	10,837	11,529	12,214	12,685	12,376	13,726	14,260	13,354	10,925	11,606	9,982	8,061	7,171	7,946	8,208	7,119	6,789	6,914	6,919	6,568	5,305	4,869	5,627	4,961	4,413	4,826	4,917	4,894	3,880	4,289	4,150	3,021
Inventory
2,553	3,457	3,903	3,259	3,367	3,775	3,140	3,248	2,898	2,944	2,949	2,306	1,039	1,210	1,502	1,284	1,142	903	742	619	574	393	391	481	509	309	338	187	308	587	-	-	-	205	-	-	-
Prepaid expenses and deposits
13,464	13,478	19,717	19,455	16,498	15,472	14,554	15,428	14,710	14,186	14,712	14,914	16,101	6,250	6,007	6,427	5,320	5,067	4,677	5,678	5,085	3,697	4,322	4,935	4,675	4,309	4,241	4,784	5,419	5,081	5,216	5,853	5,070	3,756	3,756	3,587	2,363
Derivative instrument asset, current portion (note 5)
172	731	-	140	-	-	-	-	21	-	559	573	356	172	-	73	102	0	-	-	-	-	-	-	-	-	258	-	83	412	468	97	137	-	1	533	833
Prepaid domain name registry and ancillary services fees, current portion (note 11)
93,893	91,252	95,614	97,788	99,962	87,782	91,590	94,754	95,019	103,302	106,672	109,526	112,060	49,396	49,735	48,350	45,281	44,708	47,060	46,922	46,107	44,614	45,985	46,379	45,831	44,209	45,801	46,629	46,207	45,170	46,467	47,001	45,727	43,209	43,005	40,818	37,016
Other assets (note 4)
-	-	-	2,501	-	-	-	-	-	-	-	-	-	-	-	133	6,054	-	-	-	-	8,199	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax asset, current portion (note 10)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,767	3,316	3,040	2,498	1,874	1,250	1,648	1,081	672	-	-	-	-	-	-	-	-	-	-
Income taxes recoverable
1,460	1,800	2,532	3,208	2,048	1,423	3,109	3,137	2,625	3,004	780	2,184	2,874	220	1,743	1,326	1,529	2,292	15	227	1	0	526	631	1,210	475	311	628	830	1,730	434	634	284	867	330	460	620
Total current assets
136,468	145,675	147,106	149,942	146,030	131,926	134,697	139,942	144,547	153,861	151,947	158,912	160,819	83,282	81,093	73,325	71,449	67,867	76,108	80,273	75,607	74,465	73,603	74,761	73,980	68,110	68,042	64,322	62,098	63,811	62,383	63,015	62,480	58,326	56,036	53,898	48,062
Prepaid domain name registry and ancillary services fees, long-term portion (note 11)
18,127	17,915	17,477	18,060	18,599	18,745	19,636	20,701	20,640	23,701	23,791	24,020	24,463	10,993	11,184	11,296	11,265	11,040	11,387	11,676	11,735	11,764	11,911	12,090	12,032	11,838	12,031	12,242	12,322	12,318	12,734	13,105	13,001	12,600	12,693	12,768	12,820
Deferred financing charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2	4	7	15
Derivative instrument asset, long-term portion (note 5)
-	-	-	-	-	-	-	-	4	-	0	0	0	5,708	5,355	6,339	6,847	7,621	5,151	5,417	5,067	4,880	5,569	5,814	5,242	5,370	5,417	6,006	5,970	-	6,674	6,743	6,811	6,880	3,569	4,245	4,155
Derivative instrument asset, long-term portion (note 5)
370	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	208	-	-	31	-	-	127	87	-	-	-
Property and equipment
94,289	82,121	72,167	64,010	55,486	48,065	40,220	34,538	28,688	24,620	22,232	20,405	18,403	13,450	9,617	7,939	7,357	7,126	6,472	6,156	5,346	1,609	1,742	1,693	1,873	1,757	1,833	1,784	1,675	1,352	1,413	1,330	1,365	1,437	1,313	1,295	1,552
Right of use operating lease asset
11,463	11,335	11,028	11,395	12,206	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract costs
1,371	1,400	1,398	1,337	1,371	1,390	1,383	1,354	1,378	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax asset, long-term portion (note 10)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,970	-	-	-	-	-	-	-
Intangible assets (note 6)
59,915	57,654	60,066	59,451	61,991	49,395	51,505	53,693	56,047	58,414	60,562	60,432	62,503	19,973	20,091	20,317	14,371	14,469	14,678	14,768	14,886	14,202	14,261	14,379	14,931	15,403	15,630	15,870	16,146	16,415	16,683	16,953	17,215	17,482	17,741	16,251	16,883
Total goodwill
115,837	109,818	110,100	110,093	109,777	90,054	90,054	90,054	90,053	90,054	87,486	87,486	85,526	21,005	21,005	21,005	21,005	21,005	21,005	21,005	21,055	18,873	18,873	18,873	18,873	18,873	18,873	18,873	18,873	18,873	18,873	18,873	18,873	18,873	18,873	17,990	17,990
Total assets
437,840	425,918	419,342	414,288	405,460	339,575	337,495	340,282	341,360	350,650	346,020	351,256	351,716	154,413	148,347	140,358	138,351	129,130	134,804	139,297	133,697	125,795	125,961	127,613	126,933	121,352	122,036	119,100	117,086	118,773	118,762	120,021	119,875	115,689	110,232	106,457	101,480
Current liabilities:
Accounts payable
8,996	6,671	5,440	7,590	8,459	8,445	8,242	7,340	9,343	7,026	5,946	6,635	7,246	4,786	4,036	3,312	4,510	4,166	3,965	3,777	3,883	3,579	3,574	3,185	4,317	2,361	2,631	2,444	2,599	1,928	1,716	1,547	1,864	1,051	1,301	1,689	1,664
Accrued liabilities
7,838	9,373	14,445	10,789	8,055	5,899	6,877	6,770	7,171	6,412	8,681	7,700	9,518	7,098	4,426	5,008	5,404	5,855	5,681	5,274	4,105	3,941	4,957	3,743	3,490	3,913	3,187	3,023	1,998	2,522	2,219	2,498	2,243	2,081	1,720	1,699	1,346
Customer deposits
14,132	14,074	14,920	13,526	14,571	11,919	11,885	12,934	12,980	15,255	15,303	17,208	14,056	5,418	5,227	6,171	4,956	5,136	4,714	4,914	4,325	4,461	4,069	4,487	4,471	4,500	4,072	4,668	4,394	4,955	4,265	4,268	4,459	4,202	3,903	3,702	3,960
Derivative instrument liability (note 5)
1,718	-	41	-	353	1,276	62	337	-	-	-	-	-	-	85	294	519	2,027	2,005	1,374	2,139	-	762	59	905	491	310	800	249	-	13	340	263	781	1,193	5	-
Deferred rent, current portion
-	-	-	-	-	21	21	21	21	21	20	20	20	20	20	20	20	19	15	10	5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liability, current portion (note 12)
1,488	1,413	1,450	1,496	1,917	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan payable, current portion (note 8)
-	-	-	-	24,788	18,400	17,810	17,721	18,289	18,290	18,289	18,289	18,289	2,233	1,933	9,062	9,281	3,500	3,500	3,500	3,500	-	-	5,358	5,683	6,300	6,900	7,500	8,100	3,700	4,000	4,000	4,311	850	1,559	348	1,305
Deferred revenue, current portion (note 10)
126,152	123,101	128,138	130,499	131,801	116,734	120,459	122,976	122,203	129,155	131,971	133,161	134,459	62,795	63,120	61,337	57,809	56,646	59,077	58,633	57,630	55,495	57,182	57,609	56,789	54,379	56,188	57,003	56,417	54,997	56,780	57,441	55,962	52,683	52,372	50,121	45,832
Accreditation fees payable, current portion
1,045	952	977	1,038	1,076	985	1,035	1,099	1,226	1,175	1,201	1,247	1,293	528	520	505	477	465	485	503	519	466	484	505	525	473	497	535	561	512	536	585	600	555	562	574	547
Deferred tax liability, current portion (note 9)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24	-	-	-	-	-	-	-	795	850	914	1,090	903	1,051	880	569	1,245	1,155
Income taxes payable
1,302	1,324	689	797	702	1,668	1,128	1,477	984	1,226	1,239	860	777	1,548	1,447	667	906	444	2,423	1,483	1,136	473	179	194	311	1,024	923	259	464	1,255	192	166	194	158	200	-	-
Total current liabilities
162,671	156,908	166,100	165,735	191,722	165,347	167,519	170,675	172,221	178,560	182,655	185,125	185,662	84,429	80,819	86,380	83,886	78,261	81,869	79,496	77,244	69,534	71,210	75,143	76,496	73,444	74,711	77,031	75,633	70,786	70,815	71,753	70,951	63,244	63,384	59,387	55,812
Derivative instrument liability, long-term portion (note 5)
-	-	-	-	-	-	-	27	-	-	-	-	-	-	-	-	-	-	175	149	-	1,115	-	-	-	-	-	-	26	-	-	-	-	5	431	-	-
Deferred revenue, long-term portion (note 10)
26,493	26,202	26,003	26,720	27,618	26,960	28,033	29,075	28,779	31,427	31,219	31,453	31,429	15,053	15,246	15,362	15,293	14,947	15,336	15,639	15,659	15,610	15,795	16,025	15,977	15,638	15,801	15,973	16,002	16,002	16,534	17,018	17,036	16,492	16,564	16,706	16,738
Accreditation fees payable, long-term portion
208	216	224	231	239	250	260	269	277	289	299	304	258	115	114	115	117	118	120	122	126	128	130	132	133	135	137	139	141	145	148	151	153	156	159	163	168
Deferred rent, long-term portion
-	-	-	-	-	116	121	126	129	130	129	129	128	124	129	116	111	100	95	92	85	92	90	88	79	75	71	64	59	54	47	39	33	26	19	13	-
Operating lease liability, long-term portion (note 12)
9,293	9,424	9,107	9,482	9,793	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan payable, long-term portion (note 7)
113,545	113,503	104,968	99,901	68,026	46,201	46,605	51,012	54,127	58,634	63,137	67,669	72,174	8,015	8,547	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liability (note 4 (b))
3,152	-	-	-	-	-	258	258	300	429	558	687	815	944	1,073	1,202	1,331	1,459	1,545	1,545	1,545	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax liability
27,122	25,471	25,941	25,218	24,621	20,925	19,265	19,577	20,116	19,834	18,198	19,650	20,166	4,827	4,827	4,843	4,860	4,876	4,974	5,015	5,032	4,787	5,092	5,108	5,125	5,141	5,158	5,178	5,206	5,234	5,262	5,289	5,317	5,345	5,373	4,840	4,840
Redeemable non-controlling interest (note 3 (a))
-	-	-	-	-	-	0	0	0	1,136	1,123	1,111	1,098	3,086	3,073	3,061	3,048	3,036	3,024	3,012	3,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stockholders' equity (note 14)
Preferred stock - no par value, 1,250,000 shares authorized; none issued and 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	0
Common stock - no par value, 250,000,000 shares authorized; 10,562,744 shares issued and outstanding as of March 31, 2020 and 10,585,159 shares issued and outstanding as of December 31, 2019
18,751	16,633	16,492	16,461	16,188	15,823	15,635	15,548	15,426	15,368	15,284	15,125	14,783	14,460	14,401	14,295	14,445	14,530	14,160	14,411	13,975	14,130	13,984	13,513	13,301	11,859	11,797	9,755	9,297	10,084	10,005	10,233	9,952	11,358	11,349	11,331	11,324
Additional paid-in capital
-	880	106	4,195	3,844	3,953	3,462	2,931	2,547	2,167	1,602	1,607	2,160	2,857	2,564	2,234	6,676	8,526	13,397	22,492	22,318	29,090	28,883	29,138	29,133	28,632	28,520	28,207	28,293	33,931	33,887	35,109	36,700	40,994	40,938	40,825	40,700
Retained earnings
77,323	76,208	70,430	66,225	63,609	60,810	56,373	51,027	47,418	42,676	31,489	28,062	22,833	20,399	17,595	12,866	8,807	4,381	1,298	-1,848	-4,121	-6,955	-8,814	-11,505	-12,852	-13,329	-14,252	-16,845	-17,433	-17,509	-17,939	-19,574	-20,270	-21,933	-27,962	-26,810	-28,104
Accumulated other comprehensive income (loss) (note 5)
-718	473	-29	120	-200	-810	-36	-243	17	-	322	330	204	99	-46	-119	-225	-1,109	-1,193	-833	-1,167	-622	-409	-30	-460	-244	91	-402	-141	44	-	-	-	-	-26	-	-
Total stockholders' equity
95,356	94,194	86,999	87,001	83,441	79,776	75,434	69,263	65,409	60,211	48,697	45,125	39,982	37,817	34,515	29,277	29,703	26,329	27,662	34,222	31,005	35,642	33,643	31,115	29,122	26,917	26,156	20,714	20,016	26,550	25,953	25,768	26,382	30,418	24,299	25,346	23,921
Total liabilities and stockholders' equity
437,840	425,918	419,342	414,288	405,460	339,575	337,495	340,282	341,360	350,650	346,020	351,256	351,716	154,413	148,347	140,358	138,351	129,130	134,804	139,297	133,697	125,795	125,961	127,613	126,933	121,352	122,036	119,100	117,086	118,773	118,762	120,021	119,875	115,689	110,232	106,457	101,480
Contingencies (note 17)
-	-	-	-	-	-	0	0	-	-	0	0	0	0	0	-	-	0	-	-	-	-	-	-	-	0	0	0	-	0	-	-	-	-	-	-	-