Universal electronics inc (UEIC)
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'11Dec'10
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value

58,927

74,302

54,729

49,565

44,895

53,207

41,995

59,433

40,229

62,438

48,560

49,695

62,654

50,611

48,141

49,445

56,077

52,966

64,308

82,162

97,102

112,521

98,964

87,642

90,400

76,174

44,602

49,745

28,724

44,593

41,216

30,688

24,312

29,372

32,000

37,900

54,249

Accounts and Other Receivables, Net, Current

137,094

139,198

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

0

0

5,080

4,901

4,799

0

0

4,623

4,623

4,623

4,623

4,623

4,623

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Receivables, Net, Current

-

-

157,138

154,633

158,071

144,689

151,885

143,662

160,055

151,578

153,355

147,738

129,231

124,592

134,438

132,125

110,992

121,801

112,054

103,624

93,808

97,989

105,920

107,508

84,762

95,408

103,466

89,432

88,713

91,048

92,392

86,017

73,817

82,184

88,983

87,733

86,304

Contract assets

9,911

12,579

21,721

23,639

26,001

25,572

26,257

28,253

22,269

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventory, Net

142,243

145,135

137,522

148,909

149,966

144,350

135,888

147,186

139,408

162,589

154,520

143,417

131,535

129,879

124,091

119,141

117,692

122,366

112,998

109,121

100,181

97,474

92,341

88,776

90,172

96,309

103,579

100,050

89,579

84,381

72,115

77,798

85,131

90,904

84,818

76,497

65,402

Prepaid expenses and other current assets

6,427

6,733

6,061

9,047

10,024

11,638

15,429

14,312

12,229

11,687

9,988

7,593

8,350

7,439

6,741

6,553

7,902

6,217

6,462

6,942

5,817

6,856

4,548

4,290

4,491

4,395

3,573

3,654

3,955

3,661

3,286

3,773

3,892

3,045

2,072

2,855

2,582

Assets held for sale

-

-

-

-

-

-

0

0

12,685

12,517

12,403

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax receivable

1,573

805

3,392

3,149

2,255

997

2,695

2,509

3,828

1,587

3,262

4,133

2,774

1,054

441

296

38

55

56

71

69

77

16

6

201

13

12

6

125

270

-

-

-

0

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

5,960

7,243

7,248

7,210

7,296

5,175

5,160

5,203

5,048

6,158

6,156

6,157

6,167

5,102

5,175

5,196

5,210

6,561

6,586

6,502

6,558

6,173

6,195

5,896

Total current assets

356,175

378,752

380,563

388,942

391,212

380,453

374,149

395,355

395,783

407,297

386,887

352,576

334,544

324,158

325,718

319,431

304,534

315,324

305,676

307,080

302,180

319,965

307,947

294,378

276,183

278,466

260,334

248,062

216,292

229,163

215,570

204,862

193,654

212,063

214,046

211,180

214,433

Property, plant and equipment, net

85,304

90,732

91,067

93,867

94,036

95,840

101,025

107,039

117,004

110,962

109,149

112,276

106,738

105,351

103,117

98,130

93,535

90,015

89,060

84,038

79,149

76,135

76,682

75,353

73,516

75,570

76,662

76,337

77,472

77,706

76,890

78,025

78,990

80,449

80,237

78,395

78,097

Goodwill

48,416

48,447

48,404

48,472

48,448

48,485

48,509

48,522

48,620

48,651

48,624

48,372

43,048

43,052

43,162

43,131

43,184

43,116

43,381

30,593

30,525

30,739

30,794

30,995

30,992

31,000

30,961

30,876

30,807

30,890

30,833

30,795

30,882

30,820

30,857

31,033

30,877

Finite-Lived Intangible Assets, Net

19,284

19,830

20,487

22,046

23,237

24,370

25,580

26,708

27,776

29,041

30,159

31,619

27,335

28,549

29,615

30,800

31,935

32,926

33,952

23,761

24,225

24,614

25,164

25,576

26,136

26,963

27,632

28,312

28,975

29,835

30,534

31,192

32,005

32,814

33,566

34,358

35,994

Operating Lease, Right-of-Use Asset

18,359

19,826

19,890

20,306

21,315

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

4,078

4,409

2,719

2,237

1,741

1,833

7,371

7,152

7,119

7,913

18,349

18,270

17,706

10,430

9,112

10,030

10,513

8,474

6,643

6,747

6,802

6,146

5,567

5,467

5,423

6,455

6,252

6,516

7,202

6,369

8,073

8,135

8,085

7,992

7,776

7,479

7,806

Long-term restricted cash

-

-

-

-

-

-

-

-

-

-

0

4,716

4,643

4,600

4,797

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

2,618

2,163

2,357

2,423

2,366

4,615

4,335

4,326

4,535

4,566

4,040

4,997

4,872

4,896

5,065

5,170

5,335

5,365

5,516

5,706

5,682

5,471

5,442

5,222

5,162

5,279

5,096

5,195

5,317

5,361

5,373

5,285

5,225

5,350

5,335

5,365

5,464

Total assets

534,234

564,159

565,487

578,293

582,355

555,596

560,969

589,102

600,837

608,430

597,208

572,826

538,886

521,036

520,586

506,692

489,036

495,220

484,228

457,925

448,563

463,070

451,596

436,991

417,412

423,733

406,937

395,298

366,065

379,324

367,273

358,294

348,841

369,488

371,817

367,810

372,671

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable

89,558

102,588

103,842

113,827

107,715

107,282

108,343

116,590

105,470

119,165

106,872

110,050

93,259

97,157

102,754

99,030

79,800

93,843

90,762

78,022

64,201

69,991

69,885

69,859

54,257

58,498

57,153

65,947

50,295

59,831

48,688

45,462

40,224

55,430

63,623

59,705

56,086

Line of credit

78,000

68,000

88,000

95,000

106,500

101,500

103,500

111,000

141,000

138,000

114,000

92,000

88,000

49,987

35,000

43,000

57,987

50,000

47,000

12,000

0

0

0

0

0

0

0

0

0

0

2,000

3,000

2,000

2,000

-

-

0

Employee-related Liabilities, Current

31,837

43,668

40,343

36,337

33,864

33,965

32,220

32,964

33,323

34,499

33,328

33,520

31,876

35,580

32,406

33,881

32,804

37,452

32,782

33,672

34,219

40,656

38,002

34,727

33,834

38,317

35,529

33,005

31,680

33,398

31,343

29,629

29,111

29,204

28,530

29,681

30,634

Accrued sales discounts, rebates and royalties

9,000

9,766

9,265

8,676

7,813

9,574

7,944

7,987

7,581

8,882

7,790

7,153

7,195

8,358

8,666

8,271

6,558

7,618

6,491

6,558

6,770

8,097

7,495

7,631

6,255

8,539

7,165

6,179

5,691

8,093

6,443

6,317

5,314

6,544

6,408

6,135

7,942

Notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,800

10,000

12,200

14,400

18,400

20,600

35,000

Accrued income taxes

6,693

6,989

3,560

517

1,881

3,524

1,441

6,665

2,865

3,670

994

1,670

0

375

359

1,702

2,401

4,745

4,326

4,293

3,446

4,263

1,922

1,115

704

3,032

2,756

3,253

2,779

3,668

4,267

2,878

3,388

5,707

3,891

2,283

5,873

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

151

305

302

303

56

45

38

41

52

49

61

50

55

49

57

Other accrued liabilities

31,081

35,445

32,659

36,087

31,669

24,011

19,899

21,050

29,111

28,719

25,840

20,294

20,315

24,410

23,288

22,937

20,497

21,466

21,380

13,614

12,406

13,358

12,466

13,227

10,388

11,229

10,550

9,758

9,564

10,644

8,214

8,156

9,481

13,967

13,693

12,682

13,238

Total current liabilities

246,169

266,456

277,669

290,444

289,442

279,856

273,347

296,256

319,350

332,935

288,824

264,687

240,645

215,867

202,473

208,808

200,047

215,124

202,741

148,159

121,042

136,365

129,921

126,864

105,740

119,918

113,209

118,187

100,047

115,675

105,807

105,491

101,779

127,302

134,600

131,135

148,830

Long-term liabilities:
Operating Lease, Liability, Noncurrent

14,069

15,639

15,580

16,403

17,520

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration

195

4,349

4,732

4,429

4,846

8,435

10,170

9,730

9,360

13,400

14,000

12,600

8,600

10,500

11,600

11,000

10,504

11,751

11,200

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

2,461

1,703

4,195

4,486

3,722

930

1,189

1,530

4,485

4,423

6,376

6,269

6,325

7,060

9,972

9,643

9,415

7,891

8,684

8,529

8,474

8,456

10,084

10,004

9,985

9,887

10,549

10,654

10,549

10,687

11,336

11,276

11,206

11,056

11,508

11,547

11,369

Income tax payable

1,368

1,600

1,647

1,647

1,640

1,647

2,520

2,520

2,520

2,520

791

791

791

791

629

629

629

629

566

566

566

566

606

606

607

606

525

525

525

525

1,136

1,136

1,136

1,136

1,212

1,212

1,212

Other long-term liabilities

13

13

13

13

13

1,768

1,534

1,581

1,595

1,603

1,598

6,299

6,255

6,308

6,568

1,847

1,891

1,917

1,976

2,031

2,044

2,062

1,971

1,998

2,025

2,052

2,082

2,055

1,921

1,787

1,652

1,477

3

5

5

5

56

Total liabilities

264,275

289,760

303,836

317,422

317,183

292,636

288,760

311,617

337,310

354,881

311,589

290,646

262,616

240,526

231,242

231,927

222,486

237,312

225,167

159,285

132,126

147,449

142,582

139,472

118,357

132,463

126,365

131,421

113,042

128,674

119,931

119,380

114,124

139,499

147,325

143,899

161,467

Commitments and contingencies

-

-

-

-

-

-

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

0

0

Stockholders' equity:
Preferred stock, $0.01 par value, 5,000,000 shares authorized; none issued or outstanding

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

0

0

0

0

0

0

0

0

0

Common stock, $0.01 par value, 50,000,000 shares authorized; 24,255,522 and 24,118,088 shares issued on March 31, 2020 and December 31, 2019, respectively

243

241

241

240

240

239

239

239

238

238

237

237

236

236

234

233

233

232

231

230

230

229

228

227

226

223

221

218

216

215

214

213

213

211

211

210

209

Paid-in capital

291,350

288,338

285,487

281,583

278,801

276,103

274,493

271,500

268,645

265,195

262,776

258,732

254,619

250,481

246,930

239,375

234,523

228,269

224,036

221,621

218,615

214,710

213,373

208,906

205,434

199,513

194,360

187,744

182,611

180,607

178,602

177,496

176,069

173,701

172,264

170,788

166,940

Stockholders' equity before treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

453,875

441,396

-

428,968

416,564

404,336

396,250

385,201

367,894

356,268

352,443

346,410

337,955

333,796

328,866

323,205

316,720

300,730

Treasury stock, at cost, 10,343,366 and 10,174,199 shares on March 31, 2020 and December 31, 2019, respectively

284,108

277,817

277,630

277,293

277,104

275,889

274,629

269,179

262,680

262,065

243,197

237,865

234,369

222,980

212,521

212,277

212,057

210,333

199,646

155,235

124,959

120,938

119,954

119,045

105,281

104,980

104,629

104,017

103,245

101,793

99,068

99,041

99,079

98,877

98,713

92,809

89,526

Accumulated other comprehensive income (loss)

-29,790

-22,781

-25,838

-20,381

-18,548

-20,281

-21,789

-18,011

-12,953

-16,599

-17,831

-20,830

-21,438

-22,821

-17,657

-17,117

-14,431

-15,799

-11,842

-7,606

-8,704

-4,446

-1,797

1,138

871

2,982

2,641

576

-74

1,052

-57

-555

1,866

938

1,628

3,704

-489

Retained earnings

292,264

286,418

279,391

276,722

281,783

282,788

293,895

292,936

270,277

266,780

283,634

281,906

277,222

275,594

272,358

264,551

257,961

255,240

245,901

239,630

231,255

226,066

217,164

206,293

197,805

193,532

187,979

179,356

173,515

170,569

167,651

160,801

155,648

154,016

149,102

142,018

134,070

Total stockholders' equity

269,959

274,399

261,651

260,871

265,172

262,960

272,209

277,485

263,527

253,549

-

-

-

-

289,344

274,765

266,229

257,609

258,680

298,640

316,437

315,621

309,014

297,519

299,055

291,270

280,572

263,877

253,023

250,650

247,342

238,914

234,717

229,989

224,492

223,911

211,204

Noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

321

299

381

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total stockholders' equity

-

-

-

-

-

-

-

-

-

-

285,619

282,180

276,270

280,510

289,344

274,765

266,550

257,908

259,061

-

-

315,621

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and stockholders' equity

534,234

564,159

565,487

578,293

582,355

555,596

560,969

589,102

600,837

608,430

597,208

572,826

538,886

521,036

520,586

506,692

489,036

495,220

484,228

457,925

448,563

463,070

451,596

436,991

417,412

423,733

406,937

395,298

366,065

379,324

367,273

358,294

348,841

369,488

371,817

367,810

372,671