Turning Point Brands, Inc. TPB Balance Sheet

Turning point brands, inc. (TPB)

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
ASSETS
Current assets:
Unrestricted
99,406	95,250	81,124	2,127	1,741	3,306	1,631	3,433	3,792	2,607	4,235	1,686	2,248	2,865	4,410	3,612	2,940	4,835
Accounts receivable, net of allowances of $256 in 2020 and $280 in 2019
4,310	6,906	6,998	6,280	4,343	2,617	6,603	5,688	2,283	3,248	2,960	2,802	3,982	2,181	3,394	5,209	2,649	3,940
Inventories
69,195	70,979	98,719	94,583	90,871	91,237	89,433	76,870	58,059	63,296	64,761	67,826	60,886	62,185	51,744	51,756	47,976	44,339
Other current assets
18,868	16,115	15,720	18,184	11,666	14,694	14,556	19,173	12,387	10,342	9,457	11,190	13,045	11,625	9,276	9,895	9,383	10,838
Total current assets
191,779	189,250	202,561	121,174	108,621	111,854	112,223	105,164	76,521	79,493	81,413	83,504	80,161	78,856	68,824	70,472	62,948	63,952
Property, plant, and equipment, net
13,404	13,816	12,905	11,390	10,942	10,589	10,585	9,243	8,662	8,859	8,457	8,393	7,604	7,590	5,952	5,876	5,764	5,603
Deferred income taxes
-	-	2,242	-	-	-	0	0	0	450	4,161	5,688	8,809	6,288	-	-	-	0
Right of use assets
13,036	12,130	11,322	11,304	10,951	0	-	-	-	-	-	-	-	-	-	-	-	-
Deferred financing costs, net
860	890	960	797	818	870	922	974	1,025	630	668	707	745	139	157	174	191	208
Goodwill
154,282	154,282	154,479	147,846	145,961	145,939	146,328	134,620	134,620	134,620	134,620	134,620	134,303	134,390	128,697	128,697	128,697	128,697
Other intangible assets, net
33,044	33,469	32,488	32,842	34,979	35,339	35,140	27,224	26,260	26,436	26,611	26,787	26,962	27,138	8,553	8,553	8,553	8,553
Escrow account maintained to be compliant with the Master Settlement Agreement (MSA) entered into in November 1998 by most states (represented by their attorneys general acting through the National Association of Attorneys General) and subsequent states' statutes, net of market value losses associated with the investment of a portion of the account in U.S. Government securities.
32,074	32,074	32,074	31,724	31,045	30,550	29,926	30,229	30,316	30,826	30,905	30,853	30,541	30,410	31,924	31,904	31,856	31,842
Pension asset
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Other assets
10,841	10,673	5,224	4,218	4,225	4,236	1,207	1,087	1,021	963	529	372	182	209	627	701	3,530	3,608
Assets
449,320	446,584	454,255	361,295	347,542	339,377	336,331	308,541	278,425	282,277	287,364	290,924	289,307	285,020	244,734	246,377	241,539	242,463
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable
17,348	14,126	8,531	19,768	15,070	6,841	8,760	13,733	6,641	3,686	7,096	8,759	7,556	9,153	3,556	5,321	4,895	4,087
Accrued liabilities
28,754	26,520	20,486	20,142	20,419	22,925	17,401	14,104	13,586	18,694	13,962	12,812	10,361	15,336	9,927	9,564	9,743	11,053
Less current maturities
12,000	15,240	14,240	13,000	12,000	8,000	8,000	8,000	10,000	7,850	7,850	7,850	5,850	1,650	1,650	1,650	1,650	1,650
Accrued interest expense
-	-	-	-	-	-	-	-	-	-	434	362	402	394	359	629	866	4,329
Revolving credit facility
0	0	0	15,000	14,000	26,000	30,000	16,000	0	8,000	15,550	25,000	29,550	15,034	0	6,621	1,018	18
Other current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	295	-	-
Total current liabilities
58,102	55,886	43,257	67,910	61,489	63,766	64,161	51,837	30,227	38,230	44,892	54,783	53,719	41,567	15,492	24,080	18,172	21,137
Net notes payable and long-term debt
267,977	268,951	299,479	173,602	180,900	186,715	188,529	186,349	188,165	186,190	187,453	188,735	191,996	201,541	199,488	199,435	290,480	290,772
Deferred income taxes
1,495	1,572	0	1,949	2,172	2,291	2,178	951	35	0	-	-	-	-	7,060	7,063	7,054	7,013
Postretirement benefits
-	-	3,096	3,096	3,092	3,096	3,916	3,932	3,968	3,962	4,389	4,404	4,439	4,407	4,577	4,607	4,638	4,666
Long-term lease liabilities
11,673	11,067	10,019	9,951	9,504	0	-	-	-	-	-	-	-	-	-	-	-	-
Pension benefits
-	-	-	-	-	-	-	-	-	-	217	283	362	423	314	372	428	487
Other long-term liabilities
4,762	2,523	3,065	2,786	1,544	886	558	379	1,138	571	712	883	2,916	3,024	-	-	-	0
Total liabilities
344,009	339,999	358,916	259,294	258,701	256,754	259,342	243,448	223,533	228,953	237,663	249,088	253,432	250,962	226,931	235,557	320,772	324,075
Commitments and contingencies
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0
Stockholders' equity:
Preferred stock, $0.01 par value; authorized shares 40,000,000; issued and outstanding shares -0-
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Additional paid-in capital
126,151	125,469	100,276	112,366	111,089	110,466	110,074	104,892	103,833	103,640	103,381	102,975	104,640	104,895	104,822	104,759	12,650	12,628
Cost of repurchased common stock (134,130 shares at March 31, 2020 and 0 shares at December 31, 2019)
2,627	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated other comprehensive loss
-5,379	-3,773	-2,989	-3,040	-2,614	-2,536	-3,681	-3,227	-3,829	-2,973	-3,590	-3,673	-3,858	-4,049	-3,143	-3,266	-3,389	-3,512
Accumulated deficit
-13,031	-15,308	-2,145	-7,522	-19,830	-25,503	-29,599	-36,765	-45,304	-47,535	-50,282	-57,656	-65,095	-66,972	-84,059	-90,852	-88,566	-90,800
Ending balance
105,311	106,585	95,339	102,001	88,841	82,623	76,989	65,093	54,892	53,324	49,701	41,836	35,875	34,058	17,803	10,820	-79,233	-81,612
Total liabilities and stockholders' equity
449,320	446,584	454,255	361,295	347,542	339,377	336,331	308,541	278,425	282,277	287,364	290,924	289,307	285,020	244,734	246,377	241,539	242,463
Common stock securities that empower a holder to vote on corporate resolutions or the election of directors.
Common stock
197	197	197	197	196	196	-	-	-	192	-	-	-	-	-	-	-	-
Common Stock, Nonvoting [Member]
Common stock
0	0	0	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-