Wilhelmina international, inc. (WHLM)
Balance Sheet / TTM
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 and cash equivalents

5,309

6,993

5,521

6,003

6,260

6,748

5,160

4,617

3,564

4,256

2,640

3,319

3,897

5,688

3,678

3,476

2,878

4,556

2,102

3,057

3,705

5,869

3,798

2,898

1,005

2,776

1,729

1,720

603

1,145

3,094

1,959

3,660

3,128

3

2

1,732

Accounts receivable, net of allowance for doubtful accounts of $1,543 and $1,423, respectively

8,845

9,441

12,083

12,838

12,940

11,901

13,853

15,095

15,141

13,627

16,543

17,747

18,485

16,947

17,977

17,342

15,732

13,184

17,402

16,090

15,533

12,482

13,265

13,981

13,047

11,327

12,323

10,301

9,891

9,904

9,232

10,110

9,077

11,460

10

10

8,525

Indemnification receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

428

428

428

428

428

0

0

726

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,522

1,369

1,354

1,358

1,690

1,877

1,955

1,986

1,025

1,246

1,414

1,659

202

202

202

202

-

-

-

202

-

-

-

Prepaid expenses and other current assets

289

243

274

306

302

197

287

319

243

180

287

315

347

847

390

370

417

191

351

448

186

252

349

541

427

257

295

398

277

207

220

186

225

251

0

0

211

Total current assets

14,443

16,677

17,878

19,147

19,502

18,846

19,300

20,031

18,948

18,063

19,470

21,381

22,729

23,482

23,567

22,557

20,381

19,289

21,545

21,472

21,379

20,589

18,437

18,666

15,893

16,019

14,549

12,621

10,973

11,886

12,974

12,683

13,390

15,469

15

13

11,194

Property and equipment, net of accumulated depreciation of $4,570 and $4,300, respectively

1,711

1,925

2,103

2,266

2,411

2,567

2,661

2,806

2,984

3,039

3,197

3,286

3,264

3,206

3,006

2,704

2,397

2,111

1,862

1,707

1,446

1,333

1,025

957

819

831

792

538

553

554

580

609

612

579

0

0

326

Right of use assets-operating

1,005

1,261

1,602

1,867

2,134

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right of use assets-finance

291

316

129

156

183

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trademarks and trade names with indefinite lives

8,467

8,467

8,467

8,467

8,467

8,467

8,467

8,467

8,467

8,467

8,467

8,467

8,467

8,467

8,467

8,467

8,467

8,467

8,467

8,467

8,467

8,467

8,467

8,467

8,467

8,467

8,467

8,467

8,467

8,467

8,467

8,467

8,467

8,467

8

8

8,467

Other intangibles with finite lives, net of accumulated amortization of$8,737 and $8,737, respectively

-

-

17

29

41

53

72

90

109

128

147

168

189

210

233

257

280

306

333

380

448

115

159

204

248

449

810

1,163

1,524

1,881

2,235

2,593

2,950

3,318

3

4

4,858

Goodwill

7,547

8,347

13,192

13,192

13,192

13,192

13,192

13,192

13,192

13,192

13,192

13,192

13,192

13,192

13,192

13,192

13,192

13,192

13,192

13,192

13,192

12,563

12,563

12,563

12,563

12,563

12,563

12,563

12,563

12,563

12,563

12,563

12,563

12,563

12

12

12,647

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

222

222

222

222

222

222

222

222

222

222

222

222

0

0

222

Other assets

113

115

113

114

115

114

117

127

132

137

115

115

125

164

297

307

299

405

362

190

167

136

208

195

167

340

328

216

361

305

457

397

330

285

0

0

239

TOTAL ASSETS

33,577

37,108

43,501

45,238

46,045

43,239

43,809

44,713

43,832

43,026

44,588

46,609

47,966

48,721

48,762

47,484

45,016

43,770

45,761

45,408

45,099

43,203

41,081

41,274

38,379

38,891

37,731

35,790

34,663

35,878

37,498

37,534

38,534

40,903

40

39

37,953

Current liabilities:
Accounts payable and accrued liabilities

3,377

3,815

3,824

4,417

4,860

5,071

4,847

4,797

4,146

3,985

3,916

4,349

3,702

4,781

4,789

4,587

3,842

3,772

3,753

4,321

4,265

4,310

3,961

4,400

3,048

2,969

3,634

3,482

2,667

2,607

3,875

3,981

3,038

3,528

4

3

3,810

Due to models

6,797

7,495

8,840

9,213

-

8,809

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due to models

-

-

-

-

9,480

-

9,555

10,590

10,612

10,190

10,975

12,632

14,630

14,217

12,330

11,843

10,856

9,745

11,198

10,915

11,219

10,011

9,416

9,591

8,488

8,669

8,359

6,812

6,432

7,057

7,131

7,399

7,476

9,564

8

8

7,374

Lease liabilities – operating, current

982

1,055

1,125

1,143

1,123

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liabilities – finance, current

96

94

94

114

112

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration to seller

-

-

-

-

-

-

-

-

-

-

0

0

0

97

97

67

67

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Term loan – current

1,119

1,257

750

726

674

623

554

537

530

524

519

513

507

502

500

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

408

295

0

0

778

Foreign withholding claim subject to indemnification

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

428

428

428

428

428

0

0

726

Earn out liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

509

-

-

-

-

-

-

-

Amegy credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

500

500

500

0

-

-

Earn out liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

55

-

509

509

2,244

2,174

-

-

2,063

Esch promissory note

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

600

Earn out liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

2

-

Total current liabilities

12,371

13,716

14,633

15,613

16,249

14,503

14,956

15,924

15,288

14,699

15,410

17,494

18,839

19,597

17,716

16,497

14,765

13,517

14,951

15,236

15,484

14,321

13,377

13,991

11,536

11,638

11,993

10,294

9,154

10,601

11,943

12,817

14,094

16,489

16

15

13,288

Long term liabilities:
Net deferred income tax liability

1,725

725

-

-

-

631

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration to seller - non-current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

67

171

171

171

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amegy credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

800

1,100

1,100

1,500

1,250

1,500

-

-

-

-

-

-

Deferred revenue, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

308

245

0

0

265

Net deferred income tax liability

-

-

654

709

647

-

534

584

532

521

1,532

1,528

1,521

1,567

2,929

2,679

2,579

2,407

2,951

2,685

2,536

2,332

1,333

1,287

1,287

1,287

2,002

2,002

2,002

2,002

1,800

1,800

1,800

2,002

1

1

1,800

Lease liabilities – operating, non-current

121

328

623

880

1,190

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liabilities – finance, non-current

201

225

44

52

82

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Term loan – non-current

695

743

1,435

1,625

1,813

2,000

1,903

1,351

1,488

1,623

1,756

1,888

2,018

2,147

2,230

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total long term liabilities

2,742

2,021

2,756

3,266

3,732

2,631

2,437

1,935

2,020

2,144

3,288

3,416

3,539

3,714

5,159

2,679

2,579

2,474

3,122

2,856

2,707

2,332

1,333

1,287

1,287

2,087

3,102

3,102

3,502

3,252

3,300

1,800

2,108

2,247

2

2

4,128

Total liabilities

15,113

15,737

17,389

18,879

19,981

17,134

17,393

17,859

17,308

16,843

18,698

20,910

22,378

23,311

22,875

19,176

17,344

15,991

18,073

18,092

18,191

16,653

14,710

15,278

12,823

13,725

15,095

13,396

12,656

13,853

-

-

-

18,736

-

-

-

Shareholders’ equity:
Preferred stock, $0.01 par value, 10,000,000 shares authorized; none issued

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

0

-

-

-

0

0

0

0

Commitments and contingencies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Common stock, $0.01 par value, 9,000,000 shares authorized; 6,472,038 shares issued at March 31, 2020 and December 31, 2019

65

65

65

65

65

65

65

65

65

65

65

65

65

65

65

65

65

65

65

65

65

65

65

65

1,294

65

1,294

1,294

1,294

1,294

1,294

1,294

1,294

1,294

1

1

1,294

Treasury stock, 1,314,694 and 1,309,861 shares at March 31, 2020 and December 31, 2019, at cost

6,371

6,352

6,320

6,266

6,117

6,093

5,681

4,975

4,929

4,893

4,893

4,893

4,893

4,893

4,893

2,163

2,163

2,118

2,090

1,740

1,715

1,643

1,637

1,637

1,637

1,637

1,534

1,227

1,227

1,227

1,008

-

-

-

-

-

-

Additional paid-in capital

88,477

88,471

88,420

88,371

88,319

88,255

88,172

88,088

88,001

87,892

87,748

87,603

87,460

87,336

87,240

87,146

87,064

86,987

86,954

86,884

86,833

86,778

86,735

86,696

85,418

86,589

85,300

85,273

85,239

85,201

85,147

85,133

85,133

85,133

85

85

85,072

Accumulated deficit

-63,475

-60,815

-55,853

-55,687

-56,138

-56,029

-56,088

-56,296

-56,660

-56,885

-57,065

-57,091

-57,039

-57,048

-56,463

-56,690

-57,267

-57,143

-57,237

-57,904

-58,277

-58,650

-58,792

-59,128

-59,519

-59,851

-62,424

-62,946

-63,299

-63,243

-63,178

-63,510

-64,095

-64,260

-64

-64

-65,829

Accumulated other comprehensive loss

-232

2

-200

-124

-65

-93

-52

-28

47

4

35

15

-5

-50

-62

-50

-27

-12

-4

11

2

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total shareholders’ equity

18,464

21,371

26,112

26,359

26,064

26,105

26,416

26,854

26,524

26,183

25,890

25,699

25,588

25,410

25,887

28,308

27,672

27,779

27,688

27,316

26,908

26,550

26,371

25,996

25,556

25,166

22,636

22,394

22,007

22,025

22,255

22,917

22,332

22,167

21

21

20,537

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

33,577

37,108

43,501

45,238

46,045

43,239

43,809

44,713

43,832

43,026

44,588

46,609

47,966

48,721

48,762

47,484

45,016

43,770

45,761

45,408

45,099

43,203

41,081

41,274

38,379

38,891

37,731

35,790

34,663

35,878

37,498

37,534

38,534

40,903

40

39

37,953