UNIQUE FABRICATING, INC. UFAB Balance Sheet

Unique fabricating, inc. (UFAB)

Balance Sheet / Quarterly

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	Sep'15	Jun'15	Dec'14
Assets
Current Assets
Cash and cash equivalents
650	1,527	1,055	1,304	1,410	982	980	1,179	1,430	1,016	807	712	705	1,505	1,584	1,449	726	717	759	756
Accounts receivable – net
24,701	27,852	28,132	30,243	30,831	31,157	32,120	31,266	27,203	28,972	30,403	31,464	26,887	29,573	26,649	25,851	20,480	23,941	21,890	18,747
Inventory – net
13,047	14,532	15,221	15,870	16,286	17,506	16,740	16,902	16,330	17,031	16,386	17,141	16,731	16,801	16,022	13,807	14,585	14,963	11,732	10,488
Prepaid expenses and other current assets:
Prepaid expenses and other
2,108	2,606	2,229	2,005	2,511	3,928	3,337	4,506	3,962	3,771	3,175	3,400	2,087	1,700	1,276	1,393	1,494	2,005	2,405	1,613
Refundable taxes
1,049	1,405	1,232	1,154	983	1,258	508	537	646	900	1,270	833	783	84	182	0	55	-	-	0
Deferred tax asset
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	1,063	996	907	1,288
Assets held for sale
1,003	-	-	-	0	733	733	733	-	-	-	-	-	2,033	2,033	2,033	2,033	-	-	0
Total current assets
42,558	47,923	47,871	50,578	52,021	55,566	54,420	55,126	49,572	51,693	52,044	53,551	47,195	51,697	47,747	44,535	40,439	42,624	37,694	32,893
Property, Plant, and Equipment – Net
23,415	24,991	25,480	25,238	25,078	25,027	24,361	23,324	22,975	22,959	22,559	22,405	21,197	20,754	20,300	18,985	18,761	20,646	19,348	17,920
Goodwill
22,111	22,110	22,110	28,871	28,871	28,871	28,871	28,871	28,871	28,871	28,871	28,871	28,871	28,871	28,871	19,213	19,213	19,213	15,183	15,183
Intangible Assets
11,625	12,598	13,594	14,575	15,568	16,560	17,574	18,605	19,635	20,666	21,698	22,728	23,758	24,789	25,820	19,434	20,139	20,881	15,644	16,748
Other assets
Investments – at cost
1,054	-	-	-	1,054	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments – at cost
-	1,054	1,054	1,054	-	1,054	1,054	1,054	1,054	1,054	1,054	1,054	1,054	1,054	1,054	1,054	1,054	1,054	1,054	1,054
Deposits and other assets
226	225	225	222	199	226	219	397	353	312	286	302	266	154	125	124	120	116	88	61
Deferred tax asset
679	744	602	537	496	529	418	440	342	399	341	281	193	-	131	-	-	-	-	-
Deferred tax asset
-	-	-	-	-	-	-	-	-	-	-	-	-	193	-	-	0	-	-	-
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	216	242	289
Total assets
101,668	109,648	110,939	121,077	123,287	127,836	126,920	127,818	122,805	125,957	126,854	129,195	122,536	127,515	124,051	103,348	99,729	104,753	89,256	84,150
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable
9,324	12,805	11,915	12,882	11,465	14,051	13,616	14,784	11,708	13,404	12,860	14,272	13,451	15,606	12,745	12,955	11,430	13,662	12,360	10,177
Current maturities of long-term debt
2,847	2,947	2,923	2,955	3,350	4,399	4,606	3,999	3,799	3,506	2,599	2,402	2,405	2,410	2,415	2,644	2,519	2,393	2,268	2,018
Income taxes payable
0	0	0	0	41	86	123	423	348	84	75	320	610	-	-	-	0	-	-	-
Income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	643	-	490	233	90
Accrued compensation
1,225	2,329	2,347	2,004	2,848	3,524	3,204	2,667	2,840	3,195	2,774	2,419	2,734	3,229	2,832	2,143	2,283	2,462	2,177	2,791
Other accrued liabilities
1,979	1,731	1,017	829	1,432	1,220	824	1,093	1,027	1,117	808	933	1,065	1,015	1,409	827	1,159	1,289	1,253	1,498
Other liabilities
-	-	-	-	-	-	-	0	-	0	0	10	168	135	10	44	0	-	-	-
Total current liabilities
15,375	19,814	18,204	18,671	19,136	23,283	22,375	22,969	19,725	21,308	19,119	20,359	20,436	22,396	19,413	19,258	17,392	20,299	18,293	16,575
Long-term debt – net of current portion
33,220	33,432	33,806	33,862	34,668	23,780	24,718	26,306	27,288	28,364	26,091	27,444	28,029	28,613	29,197	13,152	13,906	14,508	28,349	29,000
Line of credit - net
11,418	14,453	15,613	17,470	17,905	27,616	26,058	25,067	22,476	22,065	26,457	26,273	20,176	22,184	22,085	17,695	14,595	15,668	10,432	8,952
Other long-term liabilities
871	1,037	957	607	2,295	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Deferred tax liability
1,324	1,470	1,672	2,222	395	2,647	2,453	2,482	2,432	3,964	4,223	4,400	3,836	-	4,545	-	-	-	-	-
Deferred tax liability
-	-	-	-	-	-	-	-	-	-	-	-	-	4,492	-	4,695	5,774	5,775	6,157	6,497
Other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	94	181	0	46	88	89	86
Total liabilities
62,208	70,208	70,254	72,834	74,399	77,327	75,606	76,826	71,923	75,702	75,892	78,478	72,478	77,782	75,423	54,802	51,716	56,339	63,321	61,112
Redeemable Common Stock 0 and 2,415,399 shares issued and outstanding with a redemption value of $0 and $11,362,481 at January 3, 2016 and January 4, 2015, respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	7,810	6,445
Stockholders’ Equity
Common stock, $0.001 par value – 15,000,000 shares authorized and 9,779,147 and 9,779,147 issued and outstanding at December 29, 2019 and December 30, 2018, respectively
10	9	9	9	10	9	9	9	9	9	9	9	9	9	9	9	9	9	4	4
Additional paid-in-capital
46,011	45,998	45,980	45,914	45,881	45,845	45,812	45,775	45,712	45,677	45,637	45,596	45,525	45,473	45,432	44,495	44,352	44,319	13,735	13,723
Retained earnings (accumulated deficit)
-6,561	-6,568	-5,304	2,318	2,997	4,653	5,492	5,206	5,159	4,567	5,315	5,110	4,523	4,250	3,185	4,041	3,651	4,084	4,384	2,864
Total stockholders’ equity
39,460	39,439	40,685	48,242	48,888	50,508	51,314	50,992	50,882	50,254	50,962	50,716	50,058	49,733	48,627	48,545	48,013	48,414	18,124	16,591
Total liabilities and stockholders’ equity
101,668	109,648	110,939	121,077	123,287	127,836	126,920	127,818	122,805	125,957	126,854	129,195	122,536	127,515	124,051	103,348	99,729	104,753	89,256	84,150