Ultralife corp (ULBI)
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
Current assets:
Cash

6,109

7,405

7,089

6,816

21,240

25,934

25,013

20,285

18,239

18,241

14,607

14,933

13,595

10,629

-

-

-

14,393

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,650

3,120

2,759

-

14,585

15,789

20,133

17,711

15,571

17,160

18,899

16,066

10,365

11,158

8,486

9,656

4,959

4,016

4,136

5,320

4,493

3,551

4,641

Restricted Cash

-

-

-

-

-

-

441

464

91

89

81

83

84

77

82

142

143

140

143

143

139

155

-

-

-

423

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

420

414

422

422

412

162

171

166

0

482

464

Trade accounts receivable, net of allowance for doubtful accounts of $311 and $324, respectively

35,750

30,106

26,573

25,119

13,938

16,015

14,533

15,468

15,730

14,657

15,741

13,543

13,747

13,179

12,888

13,735

15,140

11,430

11,242

11,293

11,698

11,295

10,470

10,095

10,036

14,238

15,571

12,401

17,280

20,913

20,254

15,611

18,469

19,903

26,308

25,162

34,270

Inventories, net

28,979

29,759

32,396

34,315

27,906

22,843

23,118

24,861

26,961

26,326

24,922

24,490

22,729

23,456

24,877

26,553

26,980

23,814

23,352

24,000

24,775

26,086

28,500

27,079

26,662

26,053

27,829

31,021

28,281

30,370

33,092

33,692

31,788

34,967

29,482

32,056

33,122

Income taxes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

120

120

118

28

117

118

189

220

-

-

0

Prepaid expenses and other current assets

2,730

3,103

2,949

2,374

2,397

2,368

2,900

2,445

2,730

2,603

2,602

1,754

1,995

2,079

2,600

2,171

2,334

1,900

1,943

1,122

1,514

1,313

1,515

1,043

1,254

1,601

1,251

1,468

1,575

1,590

1,645

2,020

1,916

1,766

1,985

1,761

1,949

Due from Insurance Company

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

177

177

177

177

184

184

184

428

427

426

186

427

438

696

723

721

726

1,746

1,730

1,724

1,225

1,000

Deferred Income Taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

92

92

92

92

106

106

106

106

86

86

86

91

157

157

181

120

155

161

161

161

208

208

208

Total current assets

73,568

70,373

69,007

68,624

65,481

67,160

66,005

63,523

63,751

61,916

57,953

54,803

52,150

49,420

47,189

45,990

47,625

51,946

51,548

52,637

58,549

56,850

56,570

55,890

57,363

58,658

56,140

57,177

57,039

63,822

61,355

56,506

58,576

64,233

64,200

64,445

75,654

Property, plant and equipment, net

22,039

22,525

22,599

22,078

12,398

10,744

8,792

8,056

7,359

7,570

7,612

7,833

8,071

7,999

8,551

8,858

-

9,038

-

-

-

-

-

-

-

-

10,836

11,249

11,778

12,415

12,375

12,714

12,200

12,588

12,963

13,649

14,485

Property, equipment and improvements, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,865

-

9,191

9,501

9,643

9,812

9,897

9,916

9,786

10,202

-

-

-

-

-

-

-

-

-

-

-

Goodwill

26,468

26,753

26,373

26,574

20,251

20,109

20,201

20,322

20,698

20,458

20,381

20,223

20,048

19,965

20,263

20,175

20,584

16,283

16,327

16,427

16,416

16,407

16,407

16,403

16,399

16,419

16,405

16,391

16,357

16,344

16,337

18,379

18,378

18,356

18,349

18,318

18,276

Other intangible assets, net

9,405

9,721

9,683

9,932

6,484

6,504

6,670

6,805

7,119

7,085

-

-

7,147

7,194

7,481

8,201

8,475

3,946

-

-

-

4,338

-

-

-

4,646

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes, net

12,887

13,222

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets

-

-

13,556

13,746

15,421

15,444

32

32

32

32

94

94

94

94

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible Assets, Net

-

-

-

-

-

-

-

-

-

-

7,167

7,169

-

-

-

-

-

-

4,155

4,219

4,279

-

4,413

4,490

4,571

-

4,745

4,844

4,942

5,039

5,164

5,290

5,412

5,533

5,691

5,844

6,150

Security deposits and other long-term assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

549

1,474

2,126

98

98

102

98

105

144

183

270

Other noncurrent assets

1,783

1,963

2,086

784

916

887

96

107

118

125

134

143

72

72

73

74

94

309

131

151

168

235

253

232

250

269

21,699

22,709

23,425

21,481

21,599

23,771

23,888

23,994

24,184

24,345

24,696

Total Assets

146,150

144,557

143,304

141,738

120,951

120,848

101,796

98,845

99,077

97,186

93,341

90,265

87,582

84,744

83,557

83,298

85,643

81,522

81,352

82,935

89,055

87,642

87,540

86,931

88,369

90,194

88,675

91,135

92,242

97,718

95,329

92,991

94,664

100,815

101,347

102,439

114,835

Current Liabilities:
Current portion of debt and capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

357

19

-

2,483

3,757

8,717

Accounts payable

11,731

9,388

10,451

14,179

11,307

9,919

7,260

6,656

7,545

8,787

7,108

7,647

7,071

7,292

6,323

6,654

8,018

6,494

6,766

6,353

7,687

6,996

7,142

7,115

7,064

7,053

6,057

9,400

8,710

11,357

11,930

10,748

8,994

13,766

13,393

14,097

16,338

Current portion of long-term debt

1,467

1,372

1,326

1,291

-

-

-

-

-

-

-

-

-

-

-

831

1,156

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued compensation and related benefits

1,597

1,655

1,534

1,526

1,364

1,494

1,641

1,711

1,694

2,413

2,286

1,875

1,708

1,258

1,264

1,818

1,928

2,377

2,398

2,388

2,076

1,725

1,565

1,838

1,591

1,908

-

-

-

2,049

-

-

-

2,015

-

-

1,701

Accrued expenses and other current liabilities

4,133

4,775

4,962

3,289

3,325

3,973

3,342

2,347

2,595

2,871

3,388

1,966

2,416

2,606

3,690

2,383

2,413

1,749

-

-

-

2,421

-

-

-

2,960

4,949

4,900

4,997

4,030

7,654

7,849

8,753

4,609

9,124

9,986

5,967

Accrued vacation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

603

-

-

-

784

-

-

681

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,851

-

-

-

1,786

-

-

2,887

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

9

9

9

75

74

73

-

73

73

145

187

-

-

0

Income Taxes Payable

-

-

-

-

-

-

121

140

245

168

285

386

211

172

199

187

373

227

-

-

-

69

-

-

-

94

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,170

1,738

2,335

-

3,278

1,865

2,616

-

-

-

-

-

-

-

-

-

-

-

-

Accrued income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

164

127

110

-

40

35

34

-

2

2

2

2

2

2

11

11

30

30

54

Total current liabilities

18,928

17,190

18,273

20,285

15,996

15,386

12,364

10,854

12,079

14,239

13,067

11,874

11,406

11,328

11,476

11,873

13,888

10,847

11,498

10,606

12,208

11,211

12,034

10,862

11,314

12,024

11,083

14,376

13,782

19,892

19,659

19,029

17,922

23,158

25,030

27,870

36,345

Long-term debt

15,354

15,780

16,257

14,491

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

496

559

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt and capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

0

1

251

Deferred income taxes

-

-

504

534

564

591

3,904

3,891

3,874

3,867

5,704

5,615

5,586

5,538

5,500

5,541

5,513

4,631

-

-

-

4,462

-

-

-

4,242

4,298

4,298

4,297

4,160

4,156

4,303

4,237

4,170

4,105

4,040

3,906

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,623

4,572

4,517

-

4,407

4,352

4,297

-

-

-

-

-

-

-

-

-

-

-

-

Other noncurrent liabilities

1,103

1,278

1,419

377

468

408

32

32

31

31

28

27

18

18

28

28

28

28

56

56

56

56

89

98

97

283

59

195

209

210

275

214

193

261

1,118

1,146

538

Total liabilities

35,881

34,807

36,453

35,687

17,028

16,385

16,300

14,777

15,984

18,137

18,799

17,516

17,010

16,884

17,004

17,442

19,429

15,506

16,177

15,234

16,781

15,729

16,530

15,312

15,708

16,549

-

-

-

-

-

-

-

-

-

-

-

Total long-term liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,357

4,493

4,506

4,370

4,431

4,517

4,430

4,431

5,223

5,187

4,695

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

Shareholders' equity:
Preferred stock – par value $.10 per share; authorized 1,000,000 shares; 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

0

Common Stock – Par Value $.10 Per Share; Authorized 40,000,000 Shares; Issued – 20,053,335 Shares and 19,670,928 Shares, Respectively; Outstanding – 15,920,585 Shares and 15,651,217 Shares, Respectively

-

-

-

-

-

-

1,998

-

-

1,966

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock – par value $.10 per share; authorized 40,000,000 shares; issued – 20,281,516 shares at March 31, 2020 and 20,268,050 shares at December 31, 2019; outstanding – 15,879,284 shares at March 31, 2020 and 15,866,868 shares at December 31, 2019

2,028

2,026

2,025

2,016

2,013

2,005

-

1,996

1,989

-

1,961

1,957

1,951

1,932

1,925

1,920

1,919

1,918

1,899

1,897

1,897

1,894

1,894

1,892

1,891

1,885

1,888

1,886

1,886

1,886

1,883

1,881

1,878

1,874

1,872

1,871

1,865

Capital in excess of par value

184,550

184,292

183,995

183,457

183,163

182,630

182,246

181,818

181,312

180,211

179,794

179,519

178,936

178,163

177,737

177,430

177,202

177,007

-

-

-

175,940

-

-

-

174,935

-

-

-

-

-

-

-

-

-

-

-

Capital in excess of par value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

176,402

176,249

176,089

-

175,698

175,462

175,198

-

174,541

174,233

173,993

173,791

173,416

173,087

172,745

172,309

171,952

171,599

171,020

Accumulated deficit

-51,771

-52,830

-54,456

-55,354

-57,610

-58,035

-77,709

-79,117

-80,743

-82,894

-86,694

-87,793

-88,887

-90,542

-92,287

-93,306

-93,752

-94,051

-94,553

-95,599

-96,387

-96,920

-97,773

-97,450

-96,090

-94,804

-94,873

-95,522

-93,449

-93,878

-95,271

-96,949

-93,782

-92,280

-94,063

-95,451

-90,200

Accumulated other comprehensive loss

-3,338

-2,531

-3,471

-2,803

-2,351

-2,786

-2,473

-2,036

-859

-1,611

-1,887

-2,327

-2,821

-3,080

-2,221

-1,608

-1,186

-907

-750

-401

-445

-467

-450

-479

-548

-614

-567

-599

-747

-620

-1,066

-862

-837

-985

-994

-975

-1,262

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

80,989

79,998

81,683

81,179

78,962

77,157

80,004

80,918

78,767

77,044

81,423

Treasury stock - at cost; 4,402,232 shares at March 31, 2020 and 4,401,182 shares at December 31, 2019

21,239

21,231

21,231

21,231

21,231

19,266

18,469

18,469

18,469

18,469

-

-

-

-

-

-

-

-

17,686

14,307

8,756

-

8,247

7,697

7,697

-

7,658

7,658

7,658

7,658

7,658

7,658

7,658

7,658

7,658

7,658

7,652

Treasury Stock - at Cost; 4,019,711 Shares and 4,015,752 Shares at December 31, 2017 and 2016, respectively

-

-

-

-

-

-

-

-

-

-

18,470

18,443

18,443

18,443

18,433

18,415

17,808

17,808

-

-

-

8,420

-

-

-

7,658

-

-

-

-

-

-

-

-

-

-

-

Total Ultralife Corporation equity

110,230

109,726

106,862

106,085

103,984

104,548

85,593

84,192

83,230

79,203

74,704

72,913

70,736

68,030

66,721

66,021

66,375

66,159

65,175

67,701

72,274

72,027

71,010

71,619

72,661

73,744

73,235

72,340

74,025

73,521

71,304

69,499

72,346

73,260

71,109

69,386

73,771

Non-controlling interest

39

24

-11

-34

-61

-85

-97

-124

-137

-154

-162

-164

-164

-170

-168

-165

-161

-143

-137

-138

-124

-114

-112

-109

-93

-99

-96

-74

-71

-65

-65

-54

-34

-34

-15

-4

24

Total shareholders’ equity

110,269

109,750

106,851

106,051

103,923

104,463

85,496

84,068

83,093

79,049

74,542

72,749

70,572

67,860

66,553

65,856

66,214

66,016

65,312

67,839

72,398

71,913

71,122

71,728

72,754

73,645

73,331

72,266

73,954

73,456

71,239

69,445

72,312

73,226

71,094

69,382

73,795

Total liabilities and shareholders' equity

146,150

144,557

143,304

141,738

120,951

120,848

101,796

98,845

99,077

97,186

93,341

90,265

87,582

84,744

83,557

83,298

85,643

81,522

81,352

82,935

89,055

87,642

87,540

86,931

88,369

90,194

88,675

91,135

92,242

97,718

95,329

92,991

94,664

100,815

101,347

102,439

114,835