Financial Highlights

Financial Highlights
2016 FY
12/31/2016
2017 FY
12/31/2017
2018 FY
12/31/2018
2019 FY
12/31/2019
2020 FQ1 YTD
3/31/2020
Balance Sheet ($000)
Cash and Cash Equivalents 18,485 25,966 34,673 52,487 40,279
Current Assets 57,937 67,608 70,118 87,431 71,283
Net PP&E 9,232 9,786 10,901 38,756 38,482
Total Intangible Assets 94,070 94,299 94,536 94,349 100,582
Total Assets 170,077 173,169 176,463 221,608 211,490
Short-term and Current Long-term Debt 6,157 9,888 1,241 3,812 4,049
Current Liabilities 17,948 23,986 14,553 16,403 15,354
Non-current Long-term Debt 32,286 22,339 23,714 50,643 49,426
Total Liabilities 52,514 52,422 43,878 68,657 66,115
Total Mezzanine Level Items 0 0 0 0 0
Equity Attributable to Parent Company 117,563 120,747 132,585 152,951 145,375
Total Equity 117,563 120,747 132,585 152,951 145,375
Total Capitalization, at Book Value 156,006 152,974 157,540 207,406 198,850
Income Statement ($000)
Operating Revenue, Net 106,625 108,556 121,333 133,957 31,416
Cost of Revenue 30,217 28,336 28,959 31,562 7,980
Reported Net Operating Income 6,791 10,410 16,621 22,739 3,584
Recurring EBIT 6,791 10,410 16,621 22,739 3,584
Recurring EBITDA 11,684 15,046 21,169 27,738 5,100
Net Income before Taxes 5,017 9,717 14,843 22,048 3,115
Net Income before Extra 2,419 6,803 12,955 16,875 2,207
Net Income 2,419 6,803 12,955 16,875 2,207
Net Income Attributable to Parent 2,419 6,803 12,955 16,875 2,207
Cash Flow Statement Highlights ($000)
Cash Flow from Operating Activities 18,345 18,649 23,877 39,449 9,697
Cash Flow from Investing Activities (3,616) 6,263 1,692 (10,847) (6,693)
Cash Flow from Financing Activities (11,112) (17,386) (16,778) (10,721) (15,205)
Effect of Exchange Rate Fluctuations 85 (45) (84) (67) (7)
Other Cash Flow 0 0 0 0 0
Net Increase in Cash and Cash Equivalents 3,702 7,481 8,707 17,814 (12,208)
Recurring Levered Free Cash Flow 5,671 NA NA NA NA
Balance Sheet Ratios (%)
Debt/ Book Capitalization 24.64 21.07 15.84 26.26 26.89
Total Debt/ Total Equity(x) 0.33 0.27 0.19 0.36 0.37
Total Equity/ Total Assets 69.12 69.73 75.13 69.02 68.74
Debt plus Rdm Pfd/ Equity(x) 0.33 0.27 0.19 0.36 0.37
Long-term Debt/ Book Capital 20.70 14.60 15.05 24.42 24.86
Debt & Redeemable Preferred/ Book Capital 24.64 21.07 15.84 26.26 26.89
Net Debt and Preferred/ Recurring EBITDA(x) 0.61 1.06 NM 0.23 0.37
Profitability Ratios (%)
ROAA 1.32 4 7.52 8.19 4.08
ROAE 1.78 5.73 10.18 11.90 5.92
ROACE 1.78 5.73 10.18 11.90 5.92
Return on Invested Capital 3.68 6.76 9.04 9.93 6.92
Recurring EBITDA Margin 10.96 13.86 17.45 20.71 16.23
Recurring Levered FCF Margin 5.32 NA NA NA NA
Recurring Levered Free Cash Flow/ Recurring EBITDA 48.54 NA NA NA NA
Liquidity Ratios (x)
Recurring EBITDA/ Interest Expense plus Pfd NA NA NA NA NA
Recurring Unlevered FCF/ Interest Expense NA NA NA NA NA
Cash Interest Coverage NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 27,495,539 27,483,115 27,791,045 28,142,519 27,528,786
Avg Diluted Shares(actual) 30,773,532 28,271,384 28,652,814 28,311,687 28,439,719
Basic Book Value per Share 4.28 4.39 4.77 5.43 5.28
Common Dividends Declared per Share 0 0 0 0 0
Basic EPS before Extra 0.08 0.25 0.47 0.61 0.08
Basic EPS after Extra 0.08 0.25 0.47 0.61 0.08
Diluted EPS before Extra 0.08 0.24 0.45 0.60 0.08
Diluted EPS after Extraordinary 0.08 0.24 0.45 0.60 0.08
Recurring Levered FCF per Share 0.19 NA NA NA NA
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