WAGEWORKS, INC. WAGE Balance Sheet

Wageworks, inc. (WAGE)

Balance Sheet / Quarterly

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	Mar'15	Dec'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Dec'11
Assets
Current assets:
Cash and cash equivalents
807,128	782,766	898,426	770,036	712,194	691,341	779,345	799,579	776,133	610,427	672,609	667,192	568,670	562,441	500,918	477,992	496,379	451,842	413,301	370,894	353,340	359,958	309,094	354,982	329,182	305,793	238,861	261,340	154,621
Restricted cash
0	333	333	333	332	332	332	332	332	332	332	332	332	332	332	332	332	332	332	332	331	331	331	331	330	1,147	980	2,363	2,383
Short-term investments
160,915	183,603	222,205	253,821	257,095	259,989	195,534	94,087	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables, net
89,632	114,426	101,297	84,555	87,137	126,216	107,547	159,489	149,823	154,985	93,413	75,029	86,876	89,583	72,271	62,085	57,004	62,597	54,453	38,899	51,261	32,863	30,711	32,553	32,708	23,840	20,421	18,026	15,647
Deferred tax assets - current
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,755	9,371	11,006	11,006	2,027	1,985	1,985	1,985	11,855	11,855	11,855	-	-	1,291
Prepaid expenses and other current assets
28,756	30,822	23,662	15,885	23,610	25,772	29,271	19,627	32,330	15,403	20,258	21,380	18,302	14,550	13,254	15,428	17,457	17,290	14,215	10,971	9,877	10,135	7,642	7,739	8,068	6,309	12,922	13,001	5,887
Total current assets
1,086,431	1,111,950	1,245,923	1,124,630	1,080,368	1,103,650	1,112,029	1,073,114	958,618	781,147	786,612	763,933	674,180	666,906	586,775	561,592	580,543	543,067	493,307	423,123	416,794	405,272	349,763	407,460	382,143	348,944	273,184	294,730	179,829
Restricted cash, net of current portion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,432	2,432	2,432	2,526
Property and equipment, net
72,379	74,378	76,920	77,052	78,486	71,529	68,742	68,417	61,682	55,011	54,435	52,641	45,303	47,265	47,955	49,493	42,296	41,480	39,137	27,691	26,855	26,532	26,545	26,035	24,947	24,777	23,560	23,157	19,014
Operating lease right-of-use assets
22,679	24,095	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
297,409	297,409	297,409	297,409	297,409	297,409	297,409	297,409	297,409	297,409	297,409	157,109	157,109	157,109	157,109	157,109	157,109	157,109	157,109	97,591	97,636	97,636	98,089	98,089	94,827	94,373	75,822	75,822	46,233
Acquired intangible assets, net
117,391	123,762	130,095	136,482	142,850	149,078	155,369	161,281	163,597	167,725	176,489	86,426	90,769	91,283	82,616	86,422	90,373	94,144	94,776	43,764	41,220	42,786	44,609	46,925	46,223	47,506	33,541	34,535	12,555
Deferred tax assets, net
1,202	1,305	1,482	7,940	8,008	8,027	10,143	18,803	18,779	18,779	15,690	10,261	9,837	9,837	9,837	75	287	699	699	10,624	10,639	10,666	9,870	-	-	-	7,358	9,762	16,978
Other assets
31,878	33,300	33,324	35,074	28,839	23,070	8,291	6,855	4,627	4,788	5,146	4,498	4,274	4,342	4,447	4,305	4,473	6,344	9,687	13,672	18,551	16,763	16,630	1,723	1,834	1,938	1,786	1,763	1,561
Total assets
1,629,369	1,666,199	1,785,153	1,678,587	1,635,960	1,652,763	1,651,983	1,625,879	1,504,712	1,324,859	1,335,781	1,074,868	981,472	976,742	888,739	858,996	875,081	842,843	794,715	616,465	611,695	599,655	545,506	580,232	549,974	519,970	417,683	442,201	278,696
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable and accrued expenses
88,663	87,812	97,347	93,056	89,047	96,316	89,977	91,590	101,052	96,132	72,677	68,542	71,124	72,134	60,541	61,981	64,026	49,501	54,285	43,205	41,688	49,419	46,005	43,304	37,487	42,034	39,281	35,371	21,415
Customer obligations
674,879	660,437	762,100	664,520	637,489	659,602	695,368	687,462	565,914	551,005	608,380	547,967	466,138	474,614	400,821	390,403	409,148	399,725	362,451	280,186	287,435	281,153	242,567	271,823	259,753	251,004	191,783	212,834	169,959
Short-term operating lease liabilities
8,242	8,069	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term contingent consideration
-	-	-	-	-	-	-	-	-	-	0	0	0	-	739	727	1,925	3,940	3,180	3,111	4,236	4,265	-	-	-	6,818	-	-	-
Short-term contingent payment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,790	12,883	7,001	-	10,087	14,269	8,976
Short-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	44,560	14,901
Other current liabilities
11,544	19,197	4,264	5,037	2,459	3,310	628	512	493	440	729	608	1,831	816	2,893	957	11,231	11,444	11,924	577	494	1,592	727	1,090	3,499	2,726	534	972	394
Total current liabilities
783,328	775,515	863,711	762,613	728,995	759,228	785,973	779,564	667,459	647,577	681,786	617,117	539,093	547,564	464,994	454,068	486,330	464,610	431,840	327,079	333,853	336,429	294,089	329,100	307,740	302,582	241,685	308,006	215,645
Long-term debt, net of issuance costs
144,906	184,769	244,693	244,814	244,657	245,035	244,915	244,791	244,621	246,395	248,848	78,907	79,064	79,030	78,996	79,016	79,072	79,256	79,219	29,486	29,467	29,448	29,428	44,409	44,390	44,371	44,465	-	-
Long-term operating lease liabilities
26,358	28,455	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term contingent payment, net of current portion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	695	1,806	3,864	3,802	5,695	8,681	11,963	11,772	-	6,805	-
Warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,119
Deferred tax liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	837	-	-	1,485	1,915	2,346	2,450	-	-	-
Other long-term liabilities
2,180	4,773	11,608	11,264	10,721	9,540	8,845	9,444	10,098	9,458	7,505	7,778	8,092	7,294	7,780	4,239	4,109	3,681	3,537	1,153	1,392	1,844	1,824	1,947	2,127	2,384	2,541	2,619	1,820
Total liabilities
956,772	993,512	1,120,012	1,018,691	984,373	1,013,803	1,039,733	1,033,799	922,178	903,430	938,139	703,802	626,249	633,888	551,770	537,323	569,511	547,547	515,291	360,361	368,576	371,523	332,521	386,052	368,566	363,559	288,691	317,430	218,584
Stockholders’ Equity:
Common stock, par value $0.001 per share (1,000,000 shares authorized; 40,350 shares issued and 39,870 shares outstanding at June 30, 2019 and 40,333 shares issued and 39,853 shares outstanding at December 31, 2018)
41	41	41	41	41	41	41	41	40	38	37	38	38	36	36	36	36	36	36	36	36	35	35	34	34	32	27	27	2
Additional paid-in capital
583,288	585,478	582,521	579,241	573,254	571,598	562,131	550,631	542,179	401,354	397,307	375,726	365,113	352,626	343,166	329,062	320,557	313,801	303,568	287,459	279,061	270,519	261,238	250,185	241,405	220,500	196,373	194,593	19,029
Treasury stock at cost (480 shares at June 30, 2019 and December 31, 2018)
22,309	22,309	22,309	22,309	22,309	22,309	22,309	22,309	14,374	14,374	14,374	14,374	14,374	14,374	5,003	-	-	-	-	-	-	-	546	546	546	-	545	463	433
Accumulated other comprehensive income (loss)
81	-222	-754	-841	-1,038	-1,085	-354	-35	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained earnings
111,496	109,699	105,642	103,764	101,639	90,715	72,741	63,752	54,689	34,411	14,672	9,676	4,446	4,566	-1,230	-7,425	-15,023	-18,541	-24,180	-31,391	-35,978	-42,422	-47,742	-55,493	-59,485	-64,121	-66,863	-69,386	-74,620
Total stockholders’ equity
672,597	672,687	665,141	659,896	651,587	638,960	612,250	592,080	582,534	421,429	397,642	371,066	355,223	342,854	336,969	321,673	305,570	295,296	279,424	256,104	243,119	228,132	212,985	194,180	181,408	156,411	128,992	124,771	-22,057
Total liabilities and stockholders’ equity
1,629,369	1,666,199	1,785,153	1,678,587	1,635,960	1,652,763	1,651,983	1,625,879	1,504,712	1,324,859	1,335,781	1,074,868	981,472	976,742	888,739	858,996	875,081	842,843	794,715	616,465	611,695	599,655	545,506	580,232	549,974	519,970	417,683	442,201	278,696