Tpi composites, inc (TPIC)
Balance Sheet / Yearly
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

109,473

70,282

92,085

58,664

78,319

85,346

110,838

113,995

138,841

148,113

139,065

130,834

115,541

119,066

106,802

31,057

45,917

Restricted cash

662

992

1,600

2,122

1,850

3,555

2,845

4,431

3,251

3,849

3,802

2,783

1,928

2,259

2,409

2,408

1,760

Accounts receivable

127,354

184,012

152,725

154,191

167,209

176,815

117,066

119,479

117,950

121,576

134,458

117,202

96,564

67,842

100,150

87,556

72,913

Contract assets

192,109

166,515

164,568

157,315

133,110

116,708

122,265

131,371

130,015

105,619

-

-

-

-

-

-

-

Prepaid expenses

14,118

10,047

19,272

15,832

-

9,219

-

-

-

-

-

-

-

-

-

-

-

Other current assets

24,448

29,843

26,609

30,908

-

16,819

-

-

-

-

-

-

-

-

-

-

-

Inventories held for customer orders

-

-

-

-

-

-

-

-

-

-

69,788

56,974

68,675

52,308

48,203

50,138

49,594

Prepaid expenses and other current assets

-

-

-

-

43,297

-

25,036

26,622

35,718

27,507

29,776

25,487

23,839

30,657

26,415

40,952

31,337

Inventories

9,904

6,731

11,559

9,738

6,159

5,735

7,445

5,593

4,205

4,112

60,593

59,753

51,947

53,095

58,824

52,664

50,841

Total current assets

478,068

468,422

468,418

428,770

429,944

414,197

385,495

401,491

429,980

410,776

437,482

393,033

358,494

325,227

342,803

264,775

252,362

Property, plant, and equipment, net

217,568

205,007

193,988

181,416

171,886

159,423

150,931

145,348

126,860

123,480

119,635

112,432

103,486

91,166

78,635

73,575

67,732

Operating lease right of use assets

170,381

122,351

126,366

130,512

135,903

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

-

-

-

-

-

2,807

-

-

-

2,807

-

-

-

2,807

-

-

2,807

Intangible assets and deferred costs, net

-

-

-

-

-

4,458

-

-

-

1,108

-

-

-

265

-

-

419

Other noncurrent assets

49,387

30,897

32,200

47,262

44,111

23,970

38,270

25,045

23,024

7,566

19,244

14,432

15,961

17,741

17,655

14,273

6,600

Total assets

915,404

826,677

820,972

787,960

781,844

604,855

574,696

571,884

579,864

545,737

576,361

519,897

477,941

437,206

439,093

352,623

329,920

Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable and accrued expenses

275,695

293,104

286,545

239,909

218,290

199,078

168,039

167,314

169,179

167,175

160,858

149,285

123,390

112,281

107,319

101,642

101,108

Accrued warranty

51,528

47,639

48,282

42,834

39,533

36,765

32,704

33,979

32,670

30,419

28,150

25,873

21,895

19,912

31,057

30,573

13,596

Deferred revenue

-

-

-

-

-

-

-

-

-

-

87,294

74,255

89,319

69,568

61,949

65,656

65,520

Customer deposits

-

-

-

-

-

-

-

-

-

-

10,409

8,663

6,217

1,390

13,775

10,644

8,905

Current maturities of long-term debt

19,610

13,501

19,262

33,780

41,567

27,058

39,201

39,528

43,085

35,506

44,498

38,511

32,474

33,403

27,171

27,328

52,065

Current operating lease liabilities

17,435

16,629

16,730

17,362

17,008

-

-

-

-

-

-

-

-

-

-

-

-

Contract liabilities

2,571

3,008

2,141

2,596

7,537

7,143

8,335

1,820

4,449

2,763

-

-

-

-

-

-

-

Total current liabilities

366,839

373,881

372,960

336,481

323,935

270,044

248,279

242,641

249,383

235,863

331,209

296,587

273,295

236,554

241,271

235,843

241,194

Long-term debt, net of debt issuance costs and current maturities

186,564

127,888

123,390

115,157

117,871

110,565

93,583

90,332

82,658

85,879

89,139

89,852

88,015

89,752

83,751

92,364

77,281

Noncurrent operating lease liabilities

163,125

113,883

113,147

119,273

123,064

-

-

-

-

-

-

-

-

-

-

-

-

Other noncurrent liabilities

7,838

5,975

5,310

5,017

3,697

3,289

4,284

4,818

4,791

3,441

4,245

4,222

4,565

4,393

4,287

4,278

3,812

Total liabilities

724,366

621,627

614,807

575,928

568,567

383,898

346,146

337,791

336,832

325,183

424,593

390,661

365,875

330,699

329,309

332,485

322,287

Commitments and contingencies (Note 11)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

Convertible and senior redeemable preferred shares and warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

203,734

198,830

Stockholders’ equity:
Preferred shares, $0.01 par value, 5,500 shares authorized, no shares issued or outstanding at September 30, 2017 and December 31, 2016

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Common shares, $0.01 par value, 100,000 shares authorized, 35,435 shares issued and 35,263 shares outstanding at March 31, 2020 and 100,000 shares authorized, 35,326 shares issued and 35,181 shares outstanding at December 31, 2019

354

353

353

351

351

347

346

343

341

340

340

337

337

337

337

0

-

Paid-in capital

326,737

322,906

321,340

319,428

317,227

311,771

310,166

307,324

304,230

301,543

299,532

297,653

295,292

292,833

291,186

0

-

Accumulated other comprehensive loss

-40,505

-23,612

-21,792

-20,143

-14,869

-14,392

-21,977

-6,653

1,332

-558

-1,054

-2,285

-3,585

-3,862

-1,194

-850

-25

Accumulated deficit

-91,181

-90,689

-89,828

-85,257

-87,085

-74,981

-56,805

-66,337

-62,284

-80,260

-146,087

-166,469

-179,978

-182,801

-180,545

-182,746

-191,172

Treasury stock, at cost, 172 shares at March 31, 2020 and 145 shares at December 31, 2019

4,367

3,908

3,908

2,347

2,347

1,788

3,180

584

587

511

963

-

-

-

-

-

-

Total stockholders’ equity

191,038

205,050

206,165

212,032

213,277

220,957

228,550

234,093

243,032

220,554

151,768

129,236

112,066

106,507

109,784

-183,596

-191,197

Total liabilities and stockholders’ equity

915,404

826,677

820,972

787,960

781,844

604,855

574,696

571,884

579,864

545,737

576,361

519,897

477,941

437,206

439,093

352,623

329,920