Exela technologies, inc. (XELA)
Balance Sheet / Yearly
Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14
Assets
Current assets
Cash and cash equivalents

10,312

18,449

8,262

25,615

40,692

55,783

26,882

39,000

27,368

419

296

8,361

339

487

723

881

1,073

1,327

1,122

1

Restricted cash

4,913

4,977

4,998

18,239

8,955

31,088

12,549

42,489

37,315

-

-

25,892

-

-

-

-

-

-

-

-

Accounts receivable, net of allowance for doubtful accounts of $7,021 and $4,359, respectively

260,438

266,660

278,064

270,812

253,986

262,260

238,680

229,704

227,704

-

-

138,421

-

-

-

-

-

-

-

-

Related party receivables

42

206

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories, net

16,996

16,735

16,321

16,220

16,122

15,088

13,519

11,922

13,634

-

-

11,195

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

22,695

23,791

25,330

25,015

26,933

24,108

27,520

24,596

24,263

-

-

12,202

-

-

-

-

-

-

-

-

Prepaid insurance

-

-

-

-

-

-

-

-

-

3

24

-

18

37

56

74

93

112

130

27

Total current assets

315,396

330,818

332,975

355,901

346,688

388,327

319,150

347,711

330,284

422

320

196,071

357

524

779

956

1,167

1,439

1,253

28

Property, plant and equipment, net of accumulated depreciation of $171,913 and $154,060, respectively

119,469

125,018

129,621

132,986

131,156

135,585

132,870

132,908

133,617

-

-

81,600

-

-

-

-

-

-

-

-

Operating lease right-of-use assets, net

93,352

96,498

100,727

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

609,458

708,246

708,285

708,258

749,762

748,708

747,325

747,325

776,010

-

-

373,291

-

-

-

-

-

-

-

-

Intangible assets, net

374,445

387,775

397,412

407,021

398,280

419,725

438,929

464,984

514,873

-

-

298,739

-

-

-

-

-

-

-

-

Deferred income tax assets

15,830

16,181

16,202

16,225

14,810

15,280

9,171

9,019

7,880

-

-

9,654

-

-

-

-

-

-

-

-

Other noncurrent assets

13,557

14,714

17,667

19,391

21,650

21,276

18,490

12,891

15,573

-

-

10,131

-

-

-

-

-

-

-

-

Cash and investments held in Trust Account

-

-

-

-

-

-

-

-

-

201,000

201,105

-

350,810

350,603

350,270

350,155

350,101

350,051

350,019

0

Deferred offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

184

Total assets

1,541,507

1,679,250

1,702,889

1,639,782

1,662,346

1,728,901

1,665,935

1,714,838

1,778,237

201,423

201,425

969,486

351,168

351,128

351,050

351,111

351,268

351,490

351,272

212

Liabilities and Stockholders' Equity (Deficit)
Liabilities
Current liabilities
Accounts payables

93,815

99,089

90,924

99,853

90,673

86,304

77,194

81,263

82,676

-

-

42,212

-

-

-

-

-

-

-

-

Related party payables

274

238

6,184

7,735

10,756

11,987

14,172

14,445

14,474

-

-

9,344

-

-

-

-

-

-

-

-

Income tax payable

-

2,525

4,898

1,996

5,422

5,385

6,967

3,612

770

-

-

1,031

-

-

-

-

-

-

-

-

Accrued liabilities

60,994

59,487

63,138

66,008

41,397

40,737

31,805

49,383

75,259

-

-

29,492

-

-

-

-

-

-

-

-

Accrued compensation and benefits

51,819

52,493

57,961

54,583

54,975

50,905

49,738

46,925

52,955

-

-

31,200

-

-

-

-

-

-

-

-

Accrued interest

24,602

48,935

23,928

49,071

23,845

48,885

23,795

55,102

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits

30,161

28,914

28,410

34,235

39,419

36,997

36,542

31,656

34,268

-

-

18,729

-

-

-

-

-

-

-

-

Deferred revenue

17,368

19,428

19,966

16,504

18,084

20,654

15,933

12,709

17,633

-

-

17,235

-

-

-

-

-

-

-

-

Obligation for claim payment

43,267

41,496

46,063

56,002

52,889

94,233

56,554

42,489

37,315

-

-

25,892

-

-

-

-

-

-

-

-

Current portion of finance lease liabilities

15,172

15,897

15,961

17,498

15,926

16,568

14,785

15,611

15,246

-

-

6,507

-

-

-

-

-

-

-

-

Current portion of operating lease liabilities

26,604

27,444

27,368

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term debts

37,237

38,929

32,821

29,237

20,062

16,299

21,170

20,565

18,662

-

-

55,833

-

-

-

-

-

-

-

-

Notes payable to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

240

Accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

112

137

-

62

75

64

67

113

240

33

0

Total current liabilities

401,313

434,875

417,622

432,722

373,448

428,954

348,655

373,760

349,258

-

-

237,475

-

-

-

67

113

240

33

240

Long-term debt, net of current maturities

1,367,583

1,331,898

1,336,152

1,306,423

1,307,884

1,281,697

1,277,029

1,276,094

1,278,306

-

-

983,502

-

-

-

-

-

-

-

-

Finance lease liabilities, net of current portion

24,159

25,772

27,231

26,738

22,945

25,193

26,474

25,958

25,242

-

-

18,439

-

-

-

-

-

-

-

-

Pension liabilities

26,667

24,866

25,514

25,269

30,376

30,471

26,081

25,496

29,717

-

-

28,712

-

-

-

-

-

-

-

-

Deferred income tax liabilities

12,677

15,896

12,439

11,212

2,115

5,016

5,478

5,362

35,124

-

-

26,223

-

-

-

-

-

-

-

-

Long-term income tax liabilities

2,892

2,842

3,158

3,024

3,470

3,470

3,470

3,470

3,063

-

-

3,063

-

-

-

-

-

-

-

-

Operating lease liabilities, net of current portion

71,661

74,290

78,290

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

7,866

7,882

6,747

15,400

15,307

16,208

13,879

14,704

15,811

-

-

11,973

-

-

-

-

-

-

-

-

Deferred underwriters' fees

-

-

-

-

-

-

-

-

-

12,250

12,250

-

12,250

12,250

12,250

12,250

12,250

12,250

12,250

0

Total liabilities

1,914,818

1,918,321

1,907,153

1,820,788

1,755,545

1,791,009

1,701,066

1,724,844

1,736,521

12,362

12,387

1,309,387

12,312

12,325

12,314

12,317

12,363

12,490

12,283

240

Commitments and Contingencies (Note 10)

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

-

0

0

0

Common stock subject to possible redemption; 18,404,788 and 33,281,648 shares (at redemption value) at June 30, 2017 and December 31, 2016, respectively

-

-

-

-

-

-

-

-

-

184,061

184,038

-

333,855

333,802

333,735

333,794

333,905

333,999

333,989

0

Stockholders' equity (deficit)
Common stock, par value of $0.0001 per share; 1,600,000,000 shares authorized; 153,486,011 shares issued and 150,698,864 shares outstanding at September 30, 2019 and 152,692,140 shares issued and 150,142,955 shares outstanding at December 31, 2018

15

15

15

15

15

15

15

15

15

1

1

6

1

1

1

1

1

1

1

1

Preferred stock, par value of $0.0001 per share; 20,000,000 shares authorized; 4,419,233 shares issued and outstanding at September 30, 2019 and 4,569,233 shares issued and outstanding at December 31, 2018

1

1

1

1

1

1

1

1

1

0

0

-

0

0

0

0

0

0

0

0

Additional paid in capital

482,018

482,018

482,018

482,018

482,018

482,018

482,018

482,018

482,018

5,730

5,753

-57,395

5,363

5,416

5,483

5,424

5,312

5,218

5,229

23

Less: common stock held in treasury, at cost; 2,787,147 shares at September 30, 2019 and 2,549,185 shares December 31, 2018

10,949

10,949

10,342

10,342

5,148

3,728

249

249

-

-

-

-

-

-

-

-

-

-

-

-

Equity-based compensation

48,411

47,190

44,529

41,731

38,601

36,980

35,044

34,085

31,788

-

-

27,342

-

-

-

-

-

-

-

-

Accumulated deficit

-876,043

-742,616

-707,787

-678,563

-594,162

-565,222

-540,041

-514,628

-455,976

-731

-754

-293,968

-364

-417

-484

-425

-313

-219

-230

-53

Accumulated other comprehensive loss:
Foreign currency translation adjustment

-7,786

-5,461

-3,173

-6,565

-3,833

-1,341

-462

-194

-2,291

-

-

-3,547

-

-

-

-

-

-

-

-

Unrealized pension actuarial losses, net of tax

8,978

9,269

9,525

9,301

10,691

10,831

11,457

11,054

13,839

-

-

12,339

-

-

-

-

-

-

-

-

Total accumulated other comprehensive loss

-16,764

-14,730

-12,698

-15,866

-14,524

-12,172

-11,919

-11,248

-16,130

-

-

-15,886

-

-

-

-

-

-

-

-

Total stockholders’ deficit

-373,311

-239,071

-204,264

-181,006

-93,199

-62,108

-35,131

-10,006

41,716

5,000

5,000

-339,901

5,000

5,000

5,000

5,000

5,000

5,000

5,000

-28

Total liabilities and stockholders’ deficit

1,541,507

1,679,250

1,702,889

1,639,782

1,662,346

1,728,901

1,665,935

1,714,838

1,778,237

201,423

201,425

969,486

351,168

351,128

351,050

351,111

351,268

351,490

351,272

212