Tecnoglass Inc. TGLS Balance Sheet

Tecnoglass inc. (TGLS)

Balance Sheet / Yearly

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	Nov'13	Aug'13	May'13	Feb'13	Dec'12	Nov'12	Aug'12	May'12	Feb'12
ASSETS
Current assets:
Cash and cash equivalents
36,824	47,862	41,739	47,638	61,712	33,040	27,951	29,925	30,605	40,923	36,153	43,682	54,372	26,918	18,125	29,535	18,194	22,671	16,871	16,018	17,132	15,930	17,744	17,444	20,268	2,866	9	17	61	48	2,135	149	163	482	3
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,633	-	-	-	-	0	-	-	-	-
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3,564	-	-	-	-	-	-	-	-	-	-
Due from transfer agent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	741	0	0	15,908	-	-	-	-	0	-	-	-	-
Subscription receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	6,611	-	-	-	-	0	-	-	-	-
Investments
1,604	2,304	2,273	2,336	2,300	1,163	1,543	2,061	1,990	1,680	1,943	1,879	1,751	1,537	2,016	26,860	26,697	1,470	-	-	-	1,209	-	-	-	1,353	-	-	-	-	2,675	-	-	-	-
Trade accounts receivable, net
104,416	110,558	112,687	110,661	106,188	92,791	91,852	87,432	83,255	110,464	108,536	106,313	103,310	92,297	84,629	72,862	64,999	67,080	49,004	53,604	46,633	44,718	65,634	80,090	69,927	50,928	-	-	-	-	37,431	-	-	-	-
Unbilled receivables on uncompleted contracts
-	-	-	-	-	-	0	0	0	9,996	-	-	-	6,625	-	-	-	9,868	-	-	-	9,931	-	-	-	11,640	-	-	-	-	873	-	-	-	-
Due from related parties
8,463	8,057	8,388	9,396	9,496	8,239	7,996	7,428	8,305	8,500	7,701	8,531	11,167	10,995	32,350	36,953	33,620	10,186	31,991	31,968	33,542	28,564	20,504	20,005	18,993	21,418	-	-	-	-	5,294	-	-	-	-
Advances and other receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,165	-	-	-	-	16,796	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,321	-	-	-	-	75	-	-	-	-
Inventories
68,341	82,714	82,140	90,906	90,949	91,849	88,452	79,903	79,638	71,656	65,144	61,128	56,731	55,092	60,747	59,296	55,341	48,741	39,609	40,097	31,473	28,965	26,276	25,319	23,696	24,181	-	-	-	-	21,559	-	-	-	-
Contract assets - current portion
36,689	42,014	43,384	50,580	49,063	46,018	45,836	46,677	47,423	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses
-	-	-	-	-	-	-	-	-	1,165	-	-	-	1,183	-	-	-	3,353	-	-	-	1,298	-	-	-	824	-	-	-	-	1,606	-	49	4	-
Other current assets
27,734	29,340	24,906	21,773	25,455	20,299	21,429	18,486	21,315	17,514	22,098	15,405	23,294	16,089	26,324	25,436	26,134	7,798	18,746	21,316	20,416	5,508	28,502	53,706	38,761	-	-	-	-	-	-	-	-	-	-
Interest on cash and cash equivalents held in trust
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	46	37	27	-	22	12	5	0
Total current assets
284,071	322,849	315,517	333,290	345,163	293,399	285,059	271,912	272,531	261,898	241,575	236,938	250,625	210,736	224,191	250,942	224,985	171,167	156,221	163,003	149,196	136,123	159,401	196,564	175,209	154,848	14	64	61	76	88,444	149	212	486	3
Long-term assets:
Property, plant and equipment, net
128,426	154,609	146,581	155,900	151,979	149,199	163,467	167,647	177,108	168,701	173,719	165,123	176,238	170,797	174,818	157,422	145,738	135,974	127,693	126,340	108,237	103,980	102,620	92,391	84,937	87,382	-	-	-	-	63,032	-	-	-	-
Deferred income taxes
14,573	4,595	-	-	-	4,770	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill and Intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,474	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	7,339	3,260	3,290	-	95	0	482	103	719	3,697	464	-	-	-	-	640	-	-	-	5	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract assets - non-current
10,743	7,059	9,104	8,601	8,117	6,986	5,531	925	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Due from related parties - long term
1,423	1,786	-	-	-	-	-	-	-	-	-	-	-	-	1,688	1,688	2,536	2,536	2,536	3,392	3,392	4,220	-	-	-	5,722	-	-	-	-	0	-	-	-	-
Intangible assets
6,098	6,703	7,135	7,731	8,368	9,006	9,886	10,583	11,292	11,517	12,035	12,548	12,851	4,555	-	-	-	3,344	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
23,561	23,561	23,561	23,561	23,561	23,561	23,561	23,561	23,561	23,130	23,130	19,899	20,174	1,330	-	-	-	1,330	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term investments
45,856	45,596	45,273	44,978	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	114,400	109,200	92,660	85,194	0	-	-	-	-	1,198	-	-	-	-
Other long-term assets
2,611	2,910	3,079	3,170	2,945	2,853	2,975	3,008	3,128	2,651	2,684	7,528	7,470	7,312	11,075	11,001	10,638	6,420	5,037	5,946	5,734	4,721	6,580	269	257	262	-	-	-	-	1,344	-	-	-	-
Cash and cash equivalents held in trust
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42,740	42,740	42,740	42,740	-	42,740	42,740	42,740	0
Deferred offering costs associated with Public Offering
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	156
Total long-term assets
233,291	246,819	242,072	247,201	198,260	196,375	205,515	205,724	215,571	206,102	212,287	208,795	217,197	183,994	187,581	170,111	158,912	150,244	135,266	135,678	117,363	-	-	-	-	-	42,740	42,740	42,777	42,740	-	42,762	42,752	42,745	156
Total assets
517,362	569,668	557,589	580,491	543,423	489,774	490,574	477,636	488,102	468,000	453,862	445,733	467,822	394,730	411,772	421,053	383,897	321,411	291,487	298,681	266,559	250,523	268,601	289,224	260,403	248,214	42,754	42,804	42,839	42,816	154,018	42,911	42,965	43,232	159
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term debt and current portion of long-term debt
15,245	16,084	16,168	12,223	28,048	21,606	16,069	11,498	5,812	3,260	3,650	5,466	6,624	2,651	62,401	69,961	60,365	17,571	67,651	58,217	59,886	54,925	56,567	54,973	38,579	29,720	-	-	-	-	7,125	-	-	-	-
Trade accounts payable and accrued expenses
56,962	61,878	67,210	79,092	76,102	65,510	62,519	59,440	55,047	-	48,252	52,392	41,960	-	49,984	59,452	41,919	-	-	-	-	32,950	34,407	39,316	34,014	-	-	-	-	-	-	-	-	-	-
Trade accounts payable
-	-	-	-	-	-	-	-	-	55,182	-	-	-	38,981	-	-	-	-	-	-	-	-	-	-	-	29,285	240	121	45	56	19,189	38	7	43	52
Accrued interest expense
3,039	7,645	3,184	7,768	3,241	7,567	3,017	7,450	3,008	7,392	-	-	-	3,565	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Due to related parties
3,896	4,415	5,099	4,335	1,623	1,500	1,018	1,002	962	975	1,181	1,435	1,808	3,668	1,780	1,991	1,698	1,362	1,713	4,113	4,040	1,999	-	-	-	8,397	-	-	-	-	6,618	-	-	-	-
Trade accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38,981	43,035	43,192	35,328	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends payable
1,305	67	1,615	1,379	923	736	758	734	869	585	652	1,526	2,170	3,486	4,857	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,048	-	-	-	-	-	-	-	-	-	-	-	-	-
Labor liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	1,410	-	-	-	918	-	-	-	954	-	-	-	-	-	-	-	-	-	-	-	-	-
Warrant liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,963	18,378	25,080	31,213	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnout share liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,060	15,429	12,650	13,740	-	-	-	5,075	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,698	-	-	-	-	0	-	-	-	-
Labor liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	-	-	-	-	25	-	-	-	-
Accrued liabilities and provisions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	994	-	-	-	-	1,714	-	-	-	-
Due to related parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,444	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of customer advances on uncompleted contracts
-	-	-	-	-	-	0	0	0	-	10,940	8,880	7,627	7,780	10,836	11,646	12,578	11,841	6,423	10,356	12,048	5,782	9,165	27,835	33,068	28,470	-	-	-	-	17,867	-	-	-	-
Contract liability - current portion
13,957	12,459	12,750	14,013	13,698	16,789	17,915	16,079	14,696	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Due to equity partners
10,900	10,900	10,900	10,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	150	-	-	0	-	-	-	71	-
Payable associated to GM&P acquisition
-	-	-	-	-	-	0	8,500	29,000	29,000	29,000	29,000	35,000	0	79	79	79	-	79	79	80	80	80	80	80	80	100	100	100	0	0	0	0	0	100
Taxes payable
-	-	-	-	-	-	-	-	-	12,076	-	-	-	16,845	-	-	-	18,277	-	-	-	7,930	-	-	-	4,847	-	-	-	-	4,063	-	-	-	-
Earnout Share Liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,657	12,573	4,650	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current liabilities
14,278	15,563	13,973	8,579	14,486	8,887	8,936	3,890	13,008	1,550	7,887	6,341	22,979	-	18,059	18,559	27,536	-	18,344	15,785	16,354	-	14,572	14,370	16,504	-	-	-	-	-	-	-	-	-	-
Current portion of customer advances on uncompleted contracts
-	-	-	-	-	-	-	-	-	11,429	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current liabilities
119,582	129,011	130,899	138,289	138,121	122,595	110,232	108,593	122,402	121,449	101,562	105,040	118,168	78,386	171,019	195,495	181,905	133,903	150,902	144,315	132,386	112,743	117,235	136,574	122,245	108,497	490	221	145	56	56,601	-	-	-	152
Long-term liabilities:
Deferred income taxes
857	411	-	-	-	2,706	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Warrant liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34,450	31,304	14,913	19,991	25,049	31,745	27,160	18,280	-	-	-	-	0	-	-	-	-
Earnout share liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	17,800	20,414	-	-	-	23,986	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	542	689	1,219	-	2,910	3,246	4,795	2,317	6,985	3,347	5,388	3,523	-	-	-	3,384	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term payable associated to GM&P acquisition
8,500	8,500	8,500	8,500	8,500	8,500	8,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term liabilities from related parties
628	622	617	-	-	600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long term receivables from related parties
-	-	-	611	600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer advances on uncompleted contracts
-	-	-	-	-	-	-	-	-	1,571	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnout Share Liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,830	18,395	22,430	-	-	-	-	18,254	-	-	-	-	0	-	-	-	-
Customer advances on uncompleted contracts
-	-	-	-	-	-	0	0	0	-	1,937	3,359	2,246	2,310	4,847	6,299	8,931	4,404	8,891	10,645	6,767	8,333	10,754	10,685	5,140	8,220	-	-	-	-	0	-	-	-	-
Contract liability - non-current
148	187	177	564	703	1,436	1,750	1,586	1,130	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long term liabilites
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	121	121	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Long term liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt
243,695	243,727	247,776	250,234	219,848	220,709	219,920	220,392	219,761	220,998	220,427	221,456	220,714	196,946	140,189	140,925	126,494	121,493	49,113	56,654	37,050	39,273	45,686	45,504	44,595	48,097	-	-	-	-	50,130	-	-	-	-
Total long-term liabilities
253,828	253,447	257,612	260,598	230,870	233,951	233,080	225,224	225,686	224,886	229,349	228,162	228,348	202,779	145,036	147,224	153,225	149,695	112,384	117,119	81,281	91,583	-	-	-	-	-	-	-	-	-	-	-	-	-
Warrant liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,270	11,138	10,712	10,969	-	-	-	-	0
Total liabilities
373,410	382,458	388,511	398,887	368,991	356,546	343,312	333,817	348,088	346,335	330,911	333,202	346,516	281,165	316,055	342,719	335,130	283,598	263,286	261,434	213,667	204,326	198,724	224,508	199,140	201,348	14,760	11,359	10,857	11,025	106,731	38	7	114	152
COMMITMENTS AND CONTINGENCIES
-	-	-	-	-	-	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
Ordinary shares, subject to possible conversion, 3,674,999 shares at conversion value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37,397	37,397	37,397	37,397	-	37,397	37,397	37,397	0
SHAREHOLDERS' EQUITY
Preferred shares, $0.0001 par value, 1,000,000 shares authorized, 0 shares issued and outstanding at March 31, 2020 and December 31, 2019 respectively
-	-	-	-	-	-	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
Ordinary shares, $0.0001 par value, 100,000,000 shares authorized, 46,117,631 and 46,117,631 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively
5	5	5	4	4	4	4	4	4	3	3	3	3	3	3	3	3	3	3	3	2	2	2	2	2	2	0	0	0	0	2	0	0	0	0
Legal Reserves
1,367	1,367	1,367	1,367	1,367	1,367	1,367	1,367	1,367	1,367	1,367	1,367	1,367	1,367	1,367	1,367	1,367	1,367	1,367	1,367	1,367	1,367	-	-	-	1,367	-	-	-	-	1,367	-	-	-	-
Legal reserves
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,367	-1,367	-1,367	-	-	-	-	-	-	-	-	-	-
Additional paid capital
-	-	-	-	-	-	-	-	-	-	120,730	120,500	115,725	114,847	95,403	57,511	45,806	45,584	-	-	-	26,140	47,590	41,853	41,693	20,319	5,790	5,790	5,790	5,790	44,219	5,790	5,790	5,790	24
Additional paid-in capital
208,390	208,283	208,250	203,660	195,816	157,604	152,919	148,375	129,479	125,317	-	-	-	-	-	-	-	-	38,907	31,905	26,140	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained earnings
-3,897	16,213	5,320	12,867	11,668	10,439	20,071	19,029	27,768	22,212	26,023	19,097	27,457	26,548	21,423	45,391	31,018	22,028	19,043	20,981	41,981	30,119	25,475	14,215	13,807	20,608	-	-	-	-	-3,824	-	-	-	-
Accumulated other comprehensive (loss)
-62,617	-39,264	-46,767	-37,340	-35,288	-37,058	-28,087	-26,089	-19,950	-28,651	-26,486	-29,649	-24,399	-29,200	-22,479	-25,938	-29,427	-31,169	-31,119	-17,009	-16,598	-11,431	-4,557	7,279	4,394	4,570	-	-	-	-	5,523	-	-	-	-
Deficit accumulated during the development stage
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,194	11,742	11,206	11,396	-	315	229	70	17
Shareholders' equity attributable to controlling interest
143,248	186,604	168,175	180,558	173,567	132,356	146,274	142,686	138,668	120,248	121,637	111,318	120,153	113,565	95,717	78,334	48,767	37,813	28,201	37,247	52,892	46,197	69,877	64,716	61,263	46,866	-9,403	-5,952	-5,415	-5,606	47,287	5,475	5,560	5,719	7
Shareholders' equity attributable to non-controlling interest
704	606	903	1,046	865	872	988	1,133	1,346	1,417	1,314	1,213	1,153	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total shareholders' equity
143,952	187,210	169,078	181,604	174,432	133,228	147,262	143,819	140,014	121,665	122,951	112,531	121,306	113,565	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities and shareholders' equity
517,362	569,668	557,589	580,491	543,423	489,774	490,574	477,636	488,102	468,000	453,862	445,733	467,822	394,730	411,772	421,053	383,897	321,411	291,487	298,681	266,559	250,523	268,601	289,224	260,403	248,214	42,754	42,804	42,839	42,816	154,018	42,911	42,965	43,232	159