Vericel corporation (VCEL)
Balance Sheet / Yearly
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

45,600

26,889

36,900

14,000

35,084

18,286

53,289

94,969

29,777

26,862

15,466

14,041

19,847

22,978

8,880

9,835

13,544

14,581

18,724

20,218

25,903

30,343

37,578

7,263

8,836

8,059

10,816

4,494

9,226

13,638

21,089

28,666

36,733

5,530

11,947

18,521

31,248

Short term investments

35,957

42,829

37,800

52,000

49,001

64,638

44,462

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable (net of allowance for doubtful accounts of $223 and $306, respectively)

24,171

32,168

19,958

21,084

18,774

23,454

15,528

17,499

13,162

18,270

15,430

14,729

12,127

17,093

7,871

9,031

9,669

10,919

7,639

8,980

9,166

8,191

3,959

4,317

-

8

-

-

-

-

-

-

-

-

-

-

-

Inventory

7,282

6,816

6,823

4,788

4,063

3,558

3,638

3,725

3,905

3,793

4,049

3,155

3,958

3,488

3,607

2,393

1,942

1,379

1,639

2,078

2,005

1,920

1,711

1,922

-

-

-

-

-

-

-

-

-

-

-

-

-

Receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

9

11

9

9

-

25

Other current assets

3,504

2,953

3,272

2,167

2,679

2,847

2,339

1,327

1,358

1,581

1,366

1,116

1,018

1,164

741

1,046

662

464

514

2,270

845

1,036

1,468

610

400

409

545

236

300

352

364

455

453

636

622

524

426

Total current assets

116,537

111,655

104,718

94,048

109,601

112,783

119,256

117,520

48,202

50,506

36,311

33,041

36,950

44,723

21,099

22,305

25,817

27,343

28,516

33,546

37,919

41,490

44,716

14,112

9,236

8,476

11,361

4,730

9,526

13,990

21,462

29,130

37,197

6,175

12,578

19,045

31,699

Property and equipment, net

7,423

7,144

7,190

6,963

6,445

5,906

5,207

4,673

4,207

4,071

3,967

3,493

3,638

3,875

4,215

4,351

4,393

4,049

4,315

4,616

3,446

2,892

2,398

2,387

642

739

841

953

1,056

1,188

1,246

1,309

1,467

1,564

1,494

1,259

1,128

Restricted cash

89

89

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right-of-use assets

24,496

25,103

25,619

24,815

25,183

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long term investments

1,720

9,247

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,708

2,778

2,847

2,917

2,987

3,057

3,127

3,197

3,267

3,337

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

150,265

153,238

137,527

125,826

141,229

118,689

124,463

122,193

52,409

54,577

40,278

36,534

40,588

48,598

28,022

29,434

33,057

34,309

35,818

41,219

44,492

47,579

50,381

19,836

9,878

9,215

12,202

5,683

10,582

15,178

22,708

30,439

38,664

7,739

14,072

20,304

32,827

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable

6,400

6,345

5,281

5,250

6,201

7,108

4,580

5,011

5,768

5,552

5,972

6,272

6,335

6,535

5,467

5,305

6,293

7,588

4,995

6,120

6,726

5,824

-

-

-

2,676

-

-

-

-

-

-

-

-

-

-

-

Warrant liabilities

-

-

-

-

-

-

0

1,549

1,921

1,014

1,269

209

650

-

658

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts Payable and Accrued Liabilities, Current

6,149

7,948

6,960

4,701

4,179

6,930

5,592

5,111

4,007

5,573

4,514

4,135

6,030

4,523

3,398

2,892

4,943

3,603

3,311

3,258

4,320

4,714

3,390

9,845

2,475

620

2,918

3,334

3,015

3,247

3,244

3,784

3,384

2,963

2,448

2,464

2,900

Current portion of operating lease liabilities

5,535

5,461

2,836

2,558

2,385

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent

-

-

-

-

-

-

534

503

426

420

-

-

-

3

232

460

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of term loan credit agreement (net of deferred costs of $0 and $67, respectively)

-

-

-

-

-

-

4,097

2,848

1,597

350

2,557

2,112

1,446

779

5,566

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

41

41

35

34

176

754

189

198

159

181

216

215

291

256

39

39

136

160

130

154

180

210

-

-

-

6

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

18,125

19,795

15,112

12,543

12,941

14,792

14,992

15,220

13,878

13,090

14,528

12,943

14,752

12,853

15,360

11,455

13,769

12,108

9,261

10,818

12,624

11,829

12,482

17,051

6,109

5,321

7,252

3,842

4,276

5,659

6,980

11,990

22,347

20,670

25,181

30,419

29,864

Operating lease liabilities

21,597

22,242

25,311

24,607

25,100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

-

-

114

134

133

-

1,813

1,959

1,947

2,059

1,613

1,567

1,632

1,687

1,227

820

-

0

-

-

-

109

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revolving and term loan credit agreement (net of deferred costs of $150 and $196, respectively)

-

-

-

-

-

-

13,183

14,416

15,649

16,888

7,400

8,040

8,679

9,318

42

52

62

0

81

91

100

-

115

-

-

-

-

-

2

6

9

19

29

40

49

43

41

Other long term debt

91

110

-

-

-

1,666

-

-

-

-

0

11

21

32

-

-

-

71

66

66

66

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

39,813

42,147

40,537

37,284

38,174

16,458

29,988

31,595

31,474

32,037

23,541

22,561

25,084

23,890

16,629

12,327

13,831

12,179

9,408

10,975

12,790

11,938

12,597

-

-

-

7,252

3,842

4,278

5,665

6,989

12,009

22,376

20,710

-

-

-

COMMITMENTS AND CONTINGENCIES

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

-

-

-

0

-

-

-

0

-

-

0

Total convertible preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42,876

42,876

41,613

40,358

-

-

-

-

-

-

Shareholders’ equity:
Series B-2 non-voting convertible preferred stock, no par value: shares authorized and reserved 39; shares issued and outstanding 0 and 12, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38,389

-

38,389

38,389

38,389

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series B-1 non-voting convertible preferred stock, no par value; shares authorized and reserved - zero and 39, respectively; shares issued and outstanding - zero and 12, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38,012

-

-

-

-

Common stock, no par value; shares authorized — 75,000; shares issued and outstanding — 44,963 and 44,864, respectively

493,774

489,749

485,141

480,050

474,806

471,180

468,447

463,483

389,074

383,020

377,711

369,540

368,683

329,720

310,208

309,437

308,512

307,766

307,207

306,625

305,931

305,008

304,780

262,789

259,140

253,270

251,358

245,976

245,550

243,215

242,771

239,448

229,868

228,877

227,901

226,967

225,102

Treasury stock  0 and 1,250 shares, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,150

3,150

3,150

3,150

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other comprehensive gain

62

21

29

38

3

-39

-18

-

-

0

-

-

-

190

-

-

-

0

-71

-71

-71

-71

-70

5

-

-

-

-

-

-

-

-

-

-

-

-

-

Revolving credit agreement, net of deferred costs of $96

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,304

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued employee benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,176

1,732

406

-

299

458

858

383

742

945

1,398

1,042

1,014

688

796

Verigen payment liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,158

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring reserve and asset retirement obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,511

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38

-

2

-

10

19

27

34

40

40

40

40

51

103

214

Short-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,500

-

-

-

-

-

-

-

-

-

-

-

-

-

Warrants

-

-

0

104

104

104

302

302

397

397

190

190

190

757

190

455

2,397

757

825

1,286

1,398

1,081

1,209

2,974

3,226

2,019

4,025

31

376

1,995

2,954

7,221

17,525

16,625

21,668

27,164

25,954

Retained Earnings (Accumulated Deficit)

-383,400

-378,679

-388,200

-391,700

-371,858

-369,014

-374,256

-373,187

-368,536

-360,877

-361,164

-355,757

-353,369

-343,591

-337,394

-330,719

-327,675

-324,025

319,115

314,699

312,547

307,685

305,315

298,398

-293,760

287,765

-284,797

-287,011

-282,122

-275,315

-267,410

-260,158

-251,592

-241,848

-239,059

-237,125

-222,180

Total shareholders’ equity

110,452

111,091

96,990

88,542

103,055

102,231

94,475

90,598

20,935

22,540

16,737

13,973

15,504

24,708

11,393

17,107

19,226

22,130

26,410

30,244

31,702

35,641

37,784

2,785

3,769

3,894

4,950

-41,035

-36,572

-32,100

-24,639

-20,710

-21,724

-12,971

-11,158

-10,158

2,922

Total liabilities and shareholders’ equity

150,265

153,238

137,527

125,826

141,229

118,689

124,463

122,193

52,409

54,577

40,278

36,534

40,588

48,598

28,022

29,434

33,057

34,309

35,818

41,219

44,492

47,579

50,381

19,836

9,878

9,215

12,202

5,683

10,582

15,178

22,708

30,439

38,664

7,739

14,072

20,304

32,827