Tabula rasa healthcare, inc. (TRHC)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Dec'15
Assets
Current assets:
Cash

38,134

42,478

47,302

52,137

49,598

20,278

13,947

7,273

4,252

10,430

5,939

2,811

2,805

4,345

1,793

2,026

Restricted cash

3,763

4,103

3,767

4,565

4,281

4,751

-

-

-

-

-

-

-

-

-

200

Accounts receivable, net of allowance of $422 and $386, respectively

36,237

29,123

30,984

32,950

33,488

27,950

25,020

21,282

20,372

17,087

16,631

8,547

8,589

6,646

7,742

6,013

Inventories

5,135

3,700

3,814

3,683

3,711

3,594

3,613

3,388

2,671

2,795

2,781

3,202

3,021

2,911

2,609

2,304

Rebates receivable

-

-

-

-

-

-

242

496

348

-

342

325

315

312

305

1,064

Prepaid expenses

4,615

4,299

3,175

3,346

3,529

2,573

2,469

2,744

2,227

2,253

2,278

964

883

869

-

428

Other current assets

5,780

10,835

7,643

6,315

6,670

4,165

7,269

3,791

3,069

2,886

315

354

757

581

636

94

Total current assets

93,664

94,538

96,685

102,996

101,277

63,311

52,560

38,974

32,939

35,451

28,286

16,203

16,370

15,664

13,085

12,129

Property and equipment, net

15,612

15,798

15,537

14,435

14,481

11,865

11,025

10,866

9,873

9,243

8,872

7,794

6,889

6,409

5,558

1,962

Operating lease right-of-use assets

23,260

22,100

22,140

22,602

23,460

-

-

-

-

-

-

-

-

-

-

-

Software development costs, net

20,906

18,501

15,830

13,292

10,218

8,248

6,861

5,921

5,326

5,001

4,264

4,026

3,762

3,350

3,073

2,505

Goodwill

150,760

150,760

150,790

150,922

166,052

108,213

90,919

78,153

74,584

74,613

63,125

21,686

21,686

21,686

21,726

21,606

Intangible assets, net

182,591

189,413

196,419

202,144

193,617

77,206

68,677

63,159

60,208

62,736

63,347

23,400

24,347

25,297

26,229

17,687

Deferred income tax assets

-

-

-

-

-

75

3,938

2,078

-

-

-

-

-

-

-

-

Note receivable

-

-

-

-

-

1,000

-

-

-

-

-

-

-

-

-

-

Other assets

1,058

1,281

1,332

1,319

1,390

1,039

556

551

487

788

647

308

323

333

4,219

2,713

Total assets

487,851

492,391

498,733

507,710

510,495

270,957

234,536

199,702

183,417

187,832

168,541

73,417

73,377

72,739

73,890

58,602

Liabilities and stockholders' equity
Current liabilities:
Current portion of long-term debt and finance leases, net

10

125

334

548

810

945

1,028

1,083

1,074

921

927

686

696

674

29,193

13,526

Current operating lease liabilities

4,635

4,350

4,214

4,070

4,058

-

-

-

-

-

-

-

-

-

-

-

Notes payable to related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

250

250

Notes payable related to acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,620

Acquisition-related consideration payable

-

-

-

-

-

-

-

-

-

-

50

590

579

568

9,402

235

Acquisition-related contingent consideration

-

-

-

8,540

9,852

43,397

73,788

82,207

45,304

1,640

15,224

1,547

1,531

1,493

1,634

1,886

Accounts payable

10,354

8,622

11,001

11,132

16,542

14,830

10,553

13,718

13,809

16,218

14,366

6,166

5,940

6,115

5,998

6,808

Accrued expenses and other liabilities

25,312

26,906

28,015

28,078

25,066

16,556

21,945

11,403

13,175

8,988

8,101

4,129

5,337

2,159

3,584

3,244

Total current liabilities

40,311

40,003

43,564

52,368

56,328

75,728

107,314

108,411

73,362

27,767

38,668

13,118

14,083

11,009

50,061

51,569

Line of credit

-

-

-

-

-

45,000

26,500

8,000

-

-

35,000

-

-

-

16,000

10,000

Long-term debt and finance leases, net

229,444

226,294

223,208

220,198

217,233

152

340

560

820

784

1,019

775

934

1,072

1,119

430

Noncurrent operating lease liabilities

21,853

21,017

21,231

21,666

22,560

-

-

-

-

-

-

-

-

-

-

-

Long-term acquisition-related contingent consideration

11,500

10,800

11,500

10,200

8,700

7,800

-

-

-

31,789

13,652

-

-

1,515

1,858

3,355

Warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,930

5,569

Deferred income tax liability

5,289

8,656

14,371

19,223

22,428

-

-

-

895

989

1,592

1,070

927

832

307

334

Other long-term liabilities

53

73

93

113

133

3,268

2,785

2,551

2,567

2,615

2,637

2,671

2,307

2,205

1,973

-

Total liabilities

308,450

306,843

313,967

323,768

327,382

131,948

136,939

119,522

77,644

63,944

92,568

17,634

18,251

16,633

76,248

61,257

Commitments and contingencies (Note 15)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

-

0

Redeemable convertible preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,534

28,973

Stockholders' equity:
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding at March 31, 2020 and December 31, 2019

-

-

-

-

-

-

0

0

0

-

0

0

0

0

-

0

Common stock, $0.0001 par value; 100,000,000 shares authorized, 23,015,781 and 22,496,999 shares issued and 22,817,540 and 22,321,310 shares outstanding at March 31, 2020 and December 31, 2019, respectively

2

2

2

2

2

2

2

2

2

2

2

2

2

2

0

0

Treasury stock, at cost; 198,241 and 175,689 shares at March 31, 2020 and December 31, 2019, respectively

3,956

3,865

3,865

3,865

3,865

3,825

3,825

3,825

3,825

959

959

959

-

-

-

-

Additional paid-in capital

296,726

288,345

280,739

271,811

264,453

209,330

157,353

150,352

146,919

144,074

108,503

96,008

92,928

91,027

-

-

Accumulated deficit

-113,371

-98,934

-92,110

-84,006

-77,477

-66,498

-55,933

-66,349

-37,323

-19,229

-31,573

-39,268

-37,804

-34,923

-28,892

-31,628

Total stockholders' equity

179,401

185,548

184,766

183,942

183,113

139,009

97,597

80,180

105,773

123,888

75,973

55,783

55,126

56,106

-28,892

-31,628

Total liabilities and stockholders' equity

487,851

492,391

498,733

507,710

510,495

270,957

234,536

199,702

183,417

187,832

168,541

73,417

73,377

72,739

73,890

58,602