Winmark corp (WINA)
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
ASSETS
Current Assets:
Cash and cash equivalents

28,347

25,130

7,487

1,101

1,066

2,496

1,187

1,232

1,800

1,073

1,060

1,071

1,723

1,252

1,120

1,058

1,213

1,006

1,060

1,120

2,160

2,089

2,015

2,144

2,411

10,642

8,248

2,041

2,191

2,233

2,249

2,037

2,093

9,020

3,896

1,036

2,257

Restricted cash

50

50

75

65

65

80

55

105

105

90

40

30

30

40

40

25

15

25

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Marketable securities

-

-

-

-

-

-

-

-

-

-

-

216

207

199

204

197

220

227

226

215

225

466

715

839

791

736

401

84

89

85

90

116

-

1,043

331

7

161

Receivables, less allowance for doubtful accounts of $1,700 and $400

980

1,669

1,594

1,510

1,455

1,553

1,756

1,502

1,592

1,796

1,708

1,597

1,513

1,479

1,555

1,388

1,345

1,416

1,314

1,241

1,189

1,328

1,106

1,088

1,047

1,205

1,116

1,230

1,211

1,237

1,164

1,041

1,282

1,316

1,330

1,643

1,841

Net investment in leases - current

12,422

12,800

14,352

15,923

17,321

18,547

17,568

17,046

15,597

15,332

16,311

16,467

16,411

17,004

16,264

16,486

18,122

17,741

18,260

18,727

19,222

19,831

20,036

21,023

17,174

17,239

16,398

16,149

14,599

13,461

10,764

11,454

11,465

11,746

13,010

12,226

13,856

Income tax receivable

-

497

391

1,608

-

565

-

-

-

2,161

1,721

1,330

-

1,678

769

768

-

3,290

855

1,388

-

4,163

-

748

-

166

366

856

-

1,400

427

1,171

-

116

-

-

294

Inventories

105

86

69

114

113

107

128

150

79

97

67

99

106

87

95

81

80

45

59

60

76

93

96

78

96

96

69

76

72

71

85

84

69

68

68

50

85

Prepaid expenses

1,221

968

1,012

853

954

901

1,075

765

653

901

865

468

809

1,050

921

790

946

677

757

581

530

467

654

393

581

587

618

388

422

445

573

401

437

362

508

324

382

Total current assets

43,126

41,201

24,983

21,175

20,976

24,251

21,771

20,801

19,828

21,452

21,773

21,281

20,801

22,793

20,970

20,796

21,942

24,431

22,534

23,335

23,403

28,441

24,624

26,316

22,104

30,675

27,219

20,828

18,585

18,934

15,355

16,307

15,347

23,674

19,145

15,288

18,879

Net investment in leases - long-term

8,921

12,505

15,644

17,059

17,786

20,455

26,949

26,380

26,309

25,945

24,249

24,524

25,303

24,410

21,070

20,477

20,172

21,246

21,994

19,983

23,627

24,188

23,114

22,203

22,841

20,301

20,274

21,043

21,237

22,697

23,373

20,618

18,096

18,102

17,168

17,716

16,802

Property and equipment:
Furniture and equipment

-

-

-

-

-

3,518

-

-

-

2,895

-

-

-

2,866

-

-

-

3,166

-

-

-

3,105

-

-

-

2,728

-

-

-

2,509

-

-

-

2,564

-

-

2,460

Building and building improvements

-

-

-

-

-

1,466

-

-

-

1,447

-

-

-

1,447

-

-

-

1,444

-

-

-

1,433

-

-

-

1,423

-

-

-

1,171

-

-

-

1,171

-

-

1,171

Less - accumulated depreciation and amortization

-

-

-

-

-

4,118

-

-

-

3,855

-

-

-

3,544

-

-

-

3,488

-

-

-

3,118

-

-

-

2,769

-

-

-

2,450

-

-

-

2,260

-

-

1,845

Long-term investments (See Note 4)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

2,506

3,539

3,780

3,817

4,225

4,500

3,973

Property and equipment, net

2,680

2,772

2,863

1,936

908

866

725

630

581

486

547

625

683

769

847

935

1,032

1,121

1,218

1,293

1,365

1,420

1,501

1,517

1,405

1,382

1,073

1,166

1,176

1,229

1,229

1,323

1,384

1,474

1,562

1,655

1,785

Operating lease right of use asset

3,403

3,595

3,734

4,867

6,056

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

607

607

607

607

607

607

607

607

607

607

607

607

607

607

607

607

607

607

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

496

492

501

509

496

482

440

396

398

350

-

-

-

-

-

-

-

-

607

677

677

677

677

677

677

677

677

677

677

677

677

677

677

677

677

677

680

Deferred income taxes

655

667

172

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

419

-

-

-

23

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

59,891

61,842

48,507

46,156

46,831

46,663

50,494

48,817

47,724

48,842

47,178

47,038

47,396

48,581

43,495

42,817

43,755

47,406

46,774

45,289

49,073

54,727

49,941

50,715

47,028

53,036

49,245

43,715

41,676

43,538

43,142

42,465

39,285

47,745

42,779

39,838

42,122

LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
Current Liabilities:
Notes payable, net of unamortized debt issuance costs of $13,900 and $13,900

3,986

3,736

3,486

3,236

3,236

3,236

3,236

3,236

3,236

3,236

3,236

1,990

1,990

1,990

1,990

1,990

1,990

1,990

1,988

1,988

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

1,071

1,015

1,185

1,167

1,717

1,351

1,445

1,502

2,067

2,073

1,474

1,409

1,249

1,692

1,118

990

2,070

1,643

1,208

1,555

2,462

1,955

3,109

1,423

1,616

2,441

1,724

1,258

1,828

2,203

1,511

1,252

1,269

1,460

1,689

2,039

1,274

Income tax payable

1,635

-

-

-

1,664

-

902

237

31

-

-

-

1,407

-

-

-

1,610

-

-

-

1,500

-

26

-

1,829

-

-

-

759

-

-

-

58

-

2,263

1,449

-

Accrued liabilities

2,342

2,783

2,980

2,783

2,669

3,128

3,273

3,214

2,101

1,837

2,906

2,595

1,797

1,811

2,644

2,385

2,258

1,875

3,139

2,459

1,789

1,759

2,874

2,571

2,126

1,233

2,359

1,983

1,632

1,421

2,443

2,187

1,709

1,346

1,992

2,276

1,513

Discounted lease rentals

2,436

2,680

3,012

3,172

3,070

3,021

2,555

1,637

1,612

570

-

-

-

-

-

-

-

38

75

131

186

227

288

313

378

424

834

906

815

896

570

403

13

20

74

203

530

Deferred revenue

1,714

1,717

1,730

1,725

1,750

1,744

1,713

3,047

3,016

1,714

1,649

1,589

1,912

1,864

1,671

1,804

2,017

1,963

2,139

2,276

2,300

2,142

2,225

2,116

2,288

2,199

1,787

1,569

1,547

1,641

1,583

1,635

1,376

1,212

1,149

1,402

1,041

Rents received in advance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

48

62

82

-

206

276

282

274

263

256

291

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,846

3,443

3,928

-

2,810

3,276

4,208

4,208

3,574

3,555

3,549

3,549

-3,447

-3,487

-3,487

3,464

-1,832

-1,832

-1,832

Total current liabilities

13,185

11,931

12,395

12,085

14,109

12,483

13,125

12,874

12,065

9,432

9,266

7,584

8,357

7,357

7,425

7,169

9,946

7,510

11,398

11,855

17,766

24,584

31,334

32,801

26,448

10,507

10,328

11,336

14,715

20,513

20,462

22,043

20,298

7,779

9,265

9,460

15,284

Long-term Liabilities:
Line of credit

40,000

-

-

6,000

11,500

-

10,100

18,400

24,600

35,400

41,900

10,100

16,200

23,400

25,200

30,500

33,500

42,400

46,200

49,100

5,600

18,500

20,000

23,100

14,000

-

-

2,000

4,500

10,800

10,700

12,800

12,100

-

-

-

8,800

Notes payable, net of unamortized debt issuance costs of $65,200 and $68,700

20,809

21,868

22,927

23,986

24,795

25,604

26,413

27,223

28,032

28,841

29,650

18,931

19,429

19,926

20,424

20,921

21,419

21,916

22,403

22,900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discounted lease rentals

1,341

836

1,354

1,752

1,937

2,723

2,364

2,260

2,679

1,121

-

-

-

-

-

-

-

-

-

-

-

25

94

149

204

277

382

445

180

177

658

542

-

-

2

9

26

Deferred revenue

7,765

7,858

8,031

8,093

8,247

8,432

8,561

7,294

7,306

8,595

1,458

1,445

1,422

1,423

1,451

1,438

1,375

1,421

1,536

1,370

1,348

1,347

1,255

1,266

1,238

1,180

1,128

956

954

953

923

882

847

844

830

819

767

Operating lease liabilities

5,625

5,846

5,953

6,061

5,823

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Rents received in advance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

111

119

112

-

135

152

194

269

421

517

696

Other liabilities

1,012

1,051

971

818

764

1,079

1,211

1,161

1,358

845

808

873

937

993

1,036

1,101

1,158

1,216

1,248

1,286

1,343

1,403

1,385

1,433

1,480

1,489

1,148

1,184

1,219

1,372

1,289

1,351

1,314

1,389

1,250

1,282

1,678

Deferred income taxes

-

-

-

1,188

1,148

1,148

425

360

320

320

3,485

3,472

3,331

3,331

3,676

3,614

3,614

3,614

-

254

801

5,756

-

465

1,436

1,436

2,864

2,659

2,594

2,594

-2,586

-2,607

-2,607

2,355

-655

-655

-655

Total long-term liabilities

76,554

37,462

39,238

47,901

54,217

38,988

49,077

56,699

64,296

75,123

77,302

34,822

41,320

49,075

51,788

57,575

61,067

70,569

71,388

74,912

3,492

8,533

2,735

3,315

4,360

4,383

5,636

5,365

5,060

5,097

5,593

5,536

4,963

4,858

3,160

3,284

3,824

Commitments and Contingencies

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

0

Shareholders' Equity (Deficit):
Common stock, no par value, 10,000,000 shares authorized, 3,650,753 and 3,947,858 shares issued and outstanding

-

11,929

3,851

1,305

-

4,425

4,597

3,329

2,015

1,476

-

5,139

3,541

2,976

859

336

-

406

434

-

844

422

-

-

2,506

2,949

2,420

1,142

112

-

-

-

1,565

629

-

-

513

Accumulated other comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

0

-5

-9

-7

-11

-23

-32

-33

-14

-8

-37

-41

-3

-13

-4

-9

-4

-1

-4

-1

2

-

17

-72

-0

-

Retained earnings (accumulated deficit)

-29,848

519

-6,977

-15,136

-21,495

-9,234

-16,306

-24,087

-30,652

-37,189

-39,389

-508

-5,818

-10,818

-16,569

-22,251

-27,234

-31,047

-36,412

-41,463

26,978

21,224

15,913

14,601

13,727

35,199

30,870

25,876

21,789

17,932

17,086

14,883

12,458

34,461

30,426

27,094

22,499

Total shareholders' equity (deficit)

-29,848

12,448

-3,126

-13,830

-21,495

-4,808

-11,708

-20,757

-28,637

-35,713

-39,389

4,631

-2,281

-7,852

-15,717

-21,926

-27,258

-30,673

-36,011

-41,477

27,814

21,609

15,871

14,598

16,220

38,144

33,280

27,014

21,900

17,928

17,085

14,885

14,024

35,108

30,353

27,094

23,013

Total liabilities and shareholders' equity (deficit)

59,891

61,842

48,507

46,156

46,831

46,663

50,494

48,817

47,724

48,842

47,178

47,038

47,396

48,581

43,495

42,817

43,755

47,406

46,774

45,289

49,073

54,727

49,941

50,715

47,028

53,036

49,245

43,715

41,676

43,538

43,142

42,465

39,285

47,745

42,779

39,838

42,122