Teligent, inc. (TLGT)
Balance Sheet / Yearly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Current assets:
Cash and cash equivalents

15,508

6,707

4,121

6,397

9,705

15,267

13,675

12,762

26,692

38,231

50,216

59,478

66,006

74,632

81,201

87,040

87,191

145,699

150,221

157,031

158,883

23,248

1,762

2,414

2,101

1,402

1,313

646

2,536

1,775

1,651

2,188

2,914

2,979

3,387

5,116

Restricted cash

206

206

206

206

2,892

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net of allowance for doubtful accounts of $2,208 and $2,636, as of December 31, 2019 and December 31, 2018, respectively

20,374

20,361

19,409

15,412

16,120

16,707

16,081

13,415

12,742

25,026

27,272

25,172

21,735

17,242

15,511

13,159

14,028

10,947

17,285

16,305

14,366

6,369

5,251

4,120

4,947

2,895

2,602

3,123

1,577

1,186

1,579

1,567

1,208

1,347

1,352

794

Licensing and royalty income receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27

12

21

Inventories

23,031

22,633

22,238

20,954

16,296

17,882

17,575

17,786

16,075

14,199

14,437

14,275

12,708

12,485

11,047

10,091

8,985

4,958

4,096

3,722

2,784

3,218

2,723

2,661

2,869

2,523

2,104

2,040

1,773

1,283

1,246

1,199

1,195

1,147

942

816

Prepaid expenses and other receivables

2,525

1,670

2,183

2,806

3,373

1,522

2,206

2,631

3,622

2,390

3,084

2,962

2,847

2,570

2,850

7,450

6,597

1,348

1,530

1,336

1,185

1,011

-

-

641

-

-

-

-

-

-

-

-

-

-

-

Other receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

9

9

239

9

9

234

Prepaid expenses and other receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

814

691

-

232

297

452

253

149

181

252

130

300

389

190

Total current assets

61,644

51,577

48,157

45,775

48,386

51,378

49,537

46,594

59,131

79,846

95,009

101,887

103,296

106,929

110,609

117,740

116,801

162,952

173,132

178,394

177,218

33,846

10,550

9,886

10,558

7,052

6,316

6,261

6,139

4,403

4,666

5,215

5,686

5,809

6,091

7,171

Property, plant and equipment, net

96,349

96,088

95,753

94,392

91,775

88,387

83,290

76,708

68,355

57,248

45,072

34,413

26,215

20,192

16,376

11,125

8,706

7,117

4,300

3,355

3,262

3,169

2,750

2,598

2,623

2,634

2,650

2,657

2,691

2,756

2,863

2,886

2,800

2,726

2,691

2,769

Product acquisition costs, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,031

12,061

12,074

-

10,135

-

-

1,766

-

-

-

-

-

-

-

-

-

-

-

Restricted cash, long term

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

54

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Product acquisition costs, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,706

1,736

-

1,796

1,426

1,426

-

-

-

-

-

-

-

-

Restricted cash, long term

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

54

54

-

54

54

54

54

54

54

54

54

54

54

54

License fee, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

125

150

175

-

225

250

275

300

325

350

375

400

425

450

500

Debt issuance costs, net

-

-

-

-

-

-

-

-

-

-

-

-

-

3,416

3,627

3,830

-

4,575

4,762

4,946

5,132

45

53

61

69

77

85

92

100

111

558

599

639

679

719

800

Intangible assets, net

44,645

44,287

46,674

46,818

48,375

52,045

52,930

56,588

56,017

56,112

55,064

52,716

52,465

55,375

56,006

54,916

54,320

-

-

-

10,604

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

491

484

489

480

470

464

445

452

471

476

456

450

446

455

460

459

426

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

3,776

3,757

4,019

4,397

1,886

608

577

750

611

784

784

834

804

794

450

474

482

479

460

834

862

143

355

157

411

155

155

155

143

180

180

175

57

57

57

57

Total assets

206,905

196,193

195,092

191,862

190,892

192,882

186,779

181,092

184,585

194,466

196,385

190,300

183,226

187,161

187,528

188,544

180,735

187,154

194,715

199,603

197,078

47,517

15,618

14,667

15,427

11,993

10,936

10,920

9,427

7,829

8,671

9,304

9,636

9,750

10,062

11,351

LIABILITIES AND STOCKHOLDERS’ (DEFICIT)/EQUITY
Current liabilities:
Accounts payable

6,875

8,822

8,221

7,555

5,933

4,476

8,771

5,937

10,595

8,865

9,709

8,076

4,614

3,799

3,972

4,437

3,955

3,013

2,589

2,551

1,643

2,143

2,246

1,339

1,523

1,561

1,179

877

1,091

699

740

833

629

405

478

341

Accrued expenses

9,285

10,438

7,534

9,303

9,842

10,437

9,269

11,138

8,101

16,372

12,019

10,048

10,349

8,810

8,887

8,163

6,267

5,817

4,440

6,591

5,141

3,359

2,234

2,004

2,915

1,079

1,433

1,460

820

636

658

503

611

307

296

476

Deferred income, current

0

0

1,317

1,875

2,426

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revolver, current portion

-

2,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Convertible 3.75% Senior Notes, net of debt discount and debt issuance costs (face of $15,702 as of December 31, 2018 )

0

12,777

12,491

12,214

14,411

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital lease obligation, current

446

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2021 Term Loan, net of debt discount and debt issuance costs (face of $25,000 as of September 30, 2018)

-

-

-

-

-

24,168

14,198

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payable for product acquisition costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

6,000

6,000

6,000

6,000

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Deferred income, current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

324

476

-

-

27

87

34

135

360

768

179

104

127

48

32

39

236

38

213

51

58

Deferred income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

1

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital lease obligation, current

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

40

70

-

-

129

131

131

11

11

15

8

13

17

17

27

37

46

38

36

35

32

Other current liabilities

-

434

421

407

-

-

-

-

-

-

-

-

-

-

-

-

-

336

180

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

16,606

34,971

29,984

31,354

32,612

39,081

18,040

17,075

18,696

25,237

21,728

18,124

14,963

12,610

12,860

12,964

10,768

9,166

13,209

15,298

13,002

11,667

4,626

3,714

5,221

2,827

2,729

2,481

1,976

1,394

1,474

1,618

1,316

961

860

907

Convertible 4.75% Senior Notes, net of debt discount and debt issuance costs (face of $66,090 and $75,090 as of December 31, 2019 and December 31, 2018, respectively)

53,093

-

-

-

56,909

56,148

55,369

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revolver (face of $25,000 and $15,000 as of December 31, 2019 and December 31, 2018, respectively)

25,000

25,000

25,000

20,000

15,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series B Senior Convertible Notes, net of debt discount and debt issuance costs (face of $34,405 as of December 31, 2019)

21,824

59,434

58,570

57,723

0

61,634

60,312

123,571

120,977

118,463

116,030

113,672

111,391

112,597

110,669

108,800

102,964

105,239

103,544

101,901

100,311

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

2023 Term Loan, net of debt issuance costs (face of $88,464 and $70,000 as of December 31, 2019 and December 31, 2018, respectively)

86,452

74,353

72,124

69,766

67,662

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative liability

6,776

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability

205

223

226

220

215

249

148

153

159

-

-

-

205

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long term liabilities

-

-

-

-

-

70

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value of derivative liability - convertible 3.75% senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

32,775

41,400

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Note payable, bank

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3,160

3,160

3,160

2,854

-

-

3,000

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability

-

-

-

-

-

-

-

-

-

239

219

209

-

259

261

261

244

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note payable, bank

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,000

3,000

-

3,000

2,000

2,000

1,000

1,000

-

-

-

-

-

-

Other long term liabilities

2,256

2,367

2,485

2,579

73

-

-

-

0

-

-

-

-

-

-

-

-

200

210

40

71

105

8

12

15

-

-

-

-

-

-

-

-

-

-

-

Note payable, related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

500

500

500

500

500

-

Deferred income, long term

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

17

18

20

21

22

23

25

26

27

29

Capital lease obligation, long term

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

39

43

47

30

41

50

68

Total liabilities

212,212

196,348

188,389

181,642

172,471

157,182

148,067

140,799

139,832

143,939

137,977

132,005

126,559

125,466

123,790

122,025

113,976

114,605

120,123

153,174

157,944

14,626

7,634

6,726

8,236

5,833

4,746

4,499

3,000

2,454

2,039

2,188

1,871

1,528

1,437

1,004

Commitments and Contingencies

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stockholders’ (deficit)/equity:
Common stock, $0.01 par value, 100,000,000 shares authorized; 53,850,427 and 53,774,221 shares issued and outstanding as of December 31, 2019 and December 31, 2018, respectively

558

558

558

558

557

557

554

554

554

554

554

551

551

550

550

550

549

548

548

548

548

545

491

490

487

457

452

451

446

423

415

-

415

415

-

413

Additional paid-in capital

117,967

117,782

117,563

117,239

116,864

119,346

118,524

106,958

106,312

105,418

104,695

103,503

102,624

101,739

100,797

100,011

99,258

98,544

97,699

78,912

78,172

77,563

52,508

52,121

51,541

48,386

47,826

47,655

47,409

46,593

46,436

-

46,246

46,164

-

45,823

Accumulated deficit

-121,500

-116,200

-109,100

-105,074

-96,350

-81,960

-78,015

-64,896

-60,094

-53,973

-44,991

-44,072

-44,903

-39,472

-36,769

-33,868

-32,918

-26,543

-23,655

-33,031

-39,586

-45,217

-45,015

-44,670

-44,837

-44,200

-44,105

-43,702

-43,445

-42,263

-40,841

-

-39,518

-38,979

-

-36,511

Accumulated other comprehensive loss, net of taxes

-2,358

-2,319

-2,355

-2,503

-2,650

-2,243

-2,351

-2,323

-2,019

-1,472

-1,850

-1,687

-1,605

-1,122

-840

-174

-130

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less treasury stock, 1,965,740 common shares at cost at December 31, 2011

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,395

-1,395

-

-1,395

-1,395

-

-1,395

Total stockholders’ (deficit)/equity

-5,307

-155

6,703

10,220

18,421

35,700

38,712

40,293

44,753

50,527

58,408

58,295

56,667

61,695

63,738

66,519

66,759

72,549

74,592

46,429

39,134

32,891

7,984

7,941

7,191

6,160

6,190

6,421

6,427

5,375

6,632

7,116

7,765

8,222

8,625

10,347

Total liabilities and stockholders’ (deficit)/equity

206,905

196,193

195,092

191,862

190,892

192,882

186,779

181,092

184,585

194,466

196,385

190,300

183,226

187,161

187,528

188,544

180,735

187,154

194,715

199,603

197,078

47,517

15,618

14,667

15,427

11,993

10,936

10,920

9,427

7,829

8,671

9,304

9,636

9,750

10,062

11,351