Ubiquiti inc. (UBNT)
Balance Sheet / Quarterly
Mar'20Dec'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'11
Assets
Current assets:
Cash and cash equivalents

77,781

100,004

119,741

238,147

310,264

293,334

480,812

666,681

690,806

823,776

631,810

604,198

533,944

612,725

573,644

551,031

502,549

496,672

436,080

446,401

451,159

388,603

391,016

347,097

291,670

305,553

279,729

227,826

181,689

148,301

132,486

122,060

94,200

64,844

52,576

76,361

Investments — short-term

6,932

15,886

32,405

69,866

61,325

103,489

96,266

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net of allowance for doubtful accounts of $203 and $203 at March 31, 2020 and June 30, 2019, respectively

173,882

147,081

174,256

156,043

159,867

174,327

165,294

174,521

158,439

159,153

128,589

140,561

125,341

115,816

95,728

82,790

75,245

64,568

63,585

66,104

69,908

72,569

65,875

54,871

49,530

36,809

35,798

35,884

38,417

55,902

60,877

75,644

68,528

61,417

48,081

39,811

Inventories

205,244

248,585

244,112

264,281

279,924

255,778

139,926

102,220

92,772

98,893

122,263

142,048

132,512

104,417

79,841

57,113

42,776

33,105

30,694

37,031

41,717

37,509

38,747

46,349

66,004

32,323

16,375

15,880

19,381

14,623

7,632

7,734

9,111

8,980

8,374

5,663

Vendor deposits

8,021

6,691

7,820

11,608

23,721

24,753

33,045

39,029

48,140

54,523

69,542

54,082

49,779

37,068

30,088

30,255

13,459

15,620

19,052

19,998

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,551

1,535

1,535

1,535

797

884

884

884

903

733

733

733

882

882

882

882

922

921

907

-

Prepaid income taxes

19

2

37

23

3,533

-

-

0

12,751

0

2,415

2,419

10,902

5,378

314

299

0

0

0

2,566

7,394

4,512

0

3,256

5,052

2,799

-

0

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

10,917

11,115

22,411

13,843

22,513

14,236

16,403

18,901

16,585

11,295

8,039

9,026

10,233

11,188

5,987

6,896

5,848

8,440

13,641

7,711

30,216

32,517

21,744

13,267

11,578

4,425

2,273

3,151

3,269

2,771

2,428

1,577

1,784

5,359

5,256

6,267

Total current assets

482,796

529,364

600,782

753,811

861,147

865,917

931,746

1,001,352

1,019,493

1,147,640

962,658

952,334

862,711

886,592

785,602

728,384

641,428

619,940

564,587

581,346

601,191

536,594

518,266

465,724

424,737

382,642

334,908

283,474

243,638

222,479

204,305

207,897

174,545

141,521

115,194

128,102

Property and equipment, net

79,048

15,237

14,667

13,618

13,412

13,243

13,471

14,328

14,791

15,657

13,946

12,916

13,345

12,622

12,520

12,953

13,127

13,359

15,755

15,602

14,759

13,759

9,995

7,260

7,174

6,793

5,834

5,976

6,178

5,664

5,042

4,471

2,245

1,905

1,106

1,022

Operating lease right-of-use assets, net

23,459

24,418

22,593

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets — long-term

2,784

2,993

2,986

2,910

3,106

3,106

3,106

3,106

2,833

2,880

5,133

5,133

4,038

4,195

4,195

4,195

1,538

1,538

1,538

1,515

1,100

1,255

1,255

1,255

0

4

4

4

232

232

232

232

324

324

324

324

Investments — long-term

5,113

10,332

19,548

31,585

40,668

42,296

48,445

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term assets

27,419

84,748

89,992

73,941

12,216

11,750

6,729

3,791

3,703

2,151

2,006

2,328

1,937

2,029

1,656

1,576

2,261

1,918

2,020

2,109

2,235

1,765

1,804

1,912

2,662

3,105

2,701

2,886

1,775

1,804

1,577

1,136

401

410

2,681

2,230

Total assets

620,619

667,092

750,568

875,865

930,549

936,312

1,003,497

1,022,577

1,040,820

1,168,328

983,743

972,711

882,031

905,438

803,973

747,108

658,354

636,755

583,900

600,572

619,285

553,373

531,320

476,151

434,573

392,544

343,447

292,340

251,823

230,179

211,156

213,736

177,515

144,160

119,305

131,678

Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable

61,017

70,934

64,238

38,722

91,437

136,454

43,071

14,098

71,743

11,947

26,319

49,008

53,411

77,571

42,540

51,510

29,696

42,600

23,129

43,856

48,662

54,941

39,085

33,933

46,375

49,688

44,311

36,187

31,257

27,747

25,465

26,450

24,533

15,455

18,703

14,758

Customer deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

712

412

-

4,347

3,930

3,578

5,123

3,010

1,392

384

235

1,068

2,011

3,054

1,675

Deferred revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,948

5,509

-

1,126

898

793

691

1,841

815

798

805

2,475

2,382

2,248

1,734

Income taxes payable

8,369

10,421

25,837

25,556

14,751

6,524

23,982

5,780

128

12,588

7,008

1,707

1,268

1,576

2,038

1,488

1,746

1,739

2,065

1,108

787

972

3,411

2,499

0

0

1,263

1,257

4,601

5,353

3,284

946

3,588

230

7,335

4,428

Debt — short-term

24,067

24,067

24,067

30,675

27,550

24,425

24,425

24,425

24,425

14,743

14,743

14,743

14,743

13,493

12,243

10,993

10,000

10,000

10,000

10,000

10,000

-

-

0

6,269

5,642

5,015

5,013

5,011

5,009

5,008

6,968

6,966

6,964

6,976

-

Dividend payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,000

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current liabilities

84,296

99,264

113,115

84,233

37,331

64,694

60,682

68,613

56,180

65,600

58,857

33,030

29,681

26,638

20,300

26,672

15,873

16,217

28,101

15,170

14,930

10,717

18,614

15,883

9,746

12,953

12,850

11,150

10,976

14,931

10,031

17,031

9,140

14,027

11,222

15,206

Total current liabilities

177,749

204,686

227,257

179,186

171,069

232,097

152,160

112,916

152,476

104,878

106,927

98,488

99,103

119,278

77,121

90,663

57,315

70,556

63,295

70,134

74,379

70,290

82,031

52,315

67,863

73,111

67,810

59,421

56,696

55,247

44,970

52,435

47,770

41,069

49,538

37,801

Income taxes payable — long-term

116,036

114,990

116,749

124,262

123,034

122,344

119,122

127,719

131,895

130,308

29,783

28,023

26,846

25,289

24,494

23,202

22,433

22,129

20,867

19,810

18,532

17,467

16,226

15,346

14,012

13,380

12,385

11,857

7,727

7,727

7,727

7,727

1,870

1,870

1,870

1,870

Operating lease liabilities —long-term

17,230

18,071

16,547

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt — long-term

659,447

615,457

621,464

464,700

438,926

448,154

454,253

460,352

466,453

452,950

283,135

241,821

210,507

184,194

187,879

191,564

146,000

115,500

85,000

87,500

90,000

72,254

72,254

72,254

66,139

68,006

69,874

71,116

72,358

73,601

44,843

22,623

24,365

26,108

61,903

-

Deferred revenues - long-term

-

-

-

-

-

-

-

-

-

-

2,687

-

2,537

2,071

1,498

1,303

1,153

1,003

1,005

974

997

1,008

992

972

2,670

3,017

2,514

2,510

-

-

-

0

-

-

-

-

Other long-term liabilities

6,143

5,993

7,978

8,440

9,420

8,381

7,323

5,842

4,087

4,162

-

2,615

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

123

32

32

32

Total liabilities

976,605

959,197

989,995

776,588

742,449

810,976

732,858

706,829

754,911

692,298

422,532

370,947

338,993

330,832

290,992

306,732

226,901

209,188

170,167

178,418

183,908

161,019

171,503

140,887

150,684

157,514

152,583

144,904

136,781

136,575

97,540

82,785

74,128

69,079

113,343

39,703

Commitments and contingencies (Note 10)

-

-

-

-

-

-

-

-

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

Stockholders’ equity:
Redeemable convertible preferred stock- $0.001 par value; zero and 36,034,630 shares authorized as of June 30, 2012 and 2011, respectively: Zero and 36,034,630 shares issued and outstanding at June 30, 2012 and 2011, respectively; maximum liquidation preference of $0 and $145,847 as of June 30, 2012 and 2011, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

140,574

145,847

Preferred stock—$0.001 par value; 50,000,000 shares authorized; none issued

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

Common stock—$0.001 par value; 500,000,000 shares authorized: [___] and 69,472,568 outstanding as of December 31, 2019 and June 30, 2019, respectively

64

65

66

69

71

71

73

74

75

78

78

80

80

82

82

82

83

85

82

87

88

88

88

88

88

88

88

87

87

87

89

92

92

92

63

63

Additional paid–in capital

0

465

0

0

769

0

0

393

0

771

0

525

0

1,834

817

0

0

0

0

0

11,996

148,974

147,682

145,872

143,915

140,255

137,881

134,982

131,429

130,658

129,725

128,981

129,902

129,516

-65,160

545

Accumulated other comprehensive income

-22

68

240

393

177

-148

-146

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Treasury stock0 and 44,238,960 shares held in treasury at June 30, 2015 and June 30, 2014, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

138,864

123,864

123,864

123,864

123,864

123,864

123,864

123,864

123,864

100,770

69,515

69,515

69,515

69,515

69,515

Retained (deficit) earnings

-356,028

-292,703

-239,733

98,815

187,083

125,413

270,712

315,281

285,834

475,181

561,133

601,159

542,958

572,690

512,082

440,294

431,370

427,482

413,651

422,067

423,293

382,156

335,911

313,168

263,750

218,551

176,759

136,231

107,390

86,723

84,572

71,393

42,908

14,988

-

15,035

Total stockholders’ equity (deficit)

-355,986

-292,105

-239,427

99,277

188,100

125,336

270,639

315,748

285,909

476,030

561,211

601,764

543,038

574,606

512,981

440,376

431,453

427,567

413,733

422,154

435,377

392,354

359,817

335,264

283,889

235,030

190,864

147,436

115,042

93,604

113,616

130,951

103,387

75,081

-134,612

-53,872

Total liabilities and stockholders’ equity

620,619

667,092

750,568

875,865

930,549

936,312

1,003,497

1,022,577

1,040,820

1,168,328

983,743

972,711

882,031

905,438

803,973

747,108

658,354

636,755

583,900

600,572

619,285

553,373

531,320

476,151

434,573

392,544

343,447

292,340

251,823

230,179

211,156

213,736

177,515

144,160

119,305

131,678