Balance Sheet Casa Systems, Inc.

Equities

CASA

US14713L1026

Communications & Networking

Market Closed - OTC Markets Other stock markets 03:53:02 2024-06-07 pm EDT			5-day change	1st Jan Change
0.004100 ^USD	-53.14%		-.--%	-99.23%

Jun. 10	Vecima Networks Terminates Agreement to Buy Casa Systems' Cable Business Assets	MT
Jun. 07	Casa Systems, Inc. Went Out of Business	CI

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Published financial data: CASA SYSTEMS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2018	2019	2020	2021	2022
Revenues	297M	282M	393M	401M	287M
Total Revenues	297M	282M	393M	401M	287M
Cost of Goods Sold, Total	79.16M	120M	193M	214M	170M
Gross Profit	218M	163M	201M	188M	116M
Selling General & Admin Expenses, Total	68.03M	84.83M	92.02M	87.16M	86.9M
R&D Expenses	70.97M	83.33M	84.37M	86.96M	85.24M
Other Operating Expenses, Total	139M	168M	176M	174M	172M
Operating Income	78.97M	-5.62M	24.21M	13.46M	-55.68M
Interest Expense, Total	-19.76M	-20.52M	-16.9M	-14.96M	-17.62M
Interest And Investment Income	6.26M	4.41M	999K	362K	2.3M
Net Interest Expenses	-13.5M	-16.12M	-15.9M	-14.6M	-15.32M
Currency Exchange Gains (Loss)	-911K	298K	452K	-2.11M	1.73M
Other Non Operating Income (Expenses)	1.39M	522K	980K	1.95M	-12.05M
EBT, Excl. Unusual Items	65.94M	-20.92M	9.75M	-1.31M	-81.32M
Merger & Related Restructuring Charges	-	-3.49M	-	-	-
Other Unusual Items	-	-	-	4.8M	2.73M
EBT, Incl. Unusual Items	65.94M	-24.42M	9.75M	3.49M	-78.59M
Income Tax Expense	-7.07M	23.79M	-15.05M	287K	615K
Earnings From Continuing Operations	73.01M	-48.21M	24.8M	3.21M	-79.2M
Net Income to Company	73.01M	-48.21M	24.8M	3.21M	-79.2M
Net Income - (IS)	73.01M	-48.21M	24.8M	3.21M	-79.2M
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	73.01M	-48.21M	24.8M	3.21M	-79.2M
Net Income to Common Excl. Extra Items	73.01M	-48.21M	24.8M	3.21M	-79.2M
Per Share Items
Net EPS - Basic	0.87	-0.57	0.3	0.04	-0.86
Basic EPS - Continuing Operations	0.87	-0.57	0.3	0.04	-0.86
Basic Weighted Average Shares Outstanding	83.54M	83.85M	83.46M	85.25M	91.6M
Net EPS - Diluted	0.79	-0.57	0.29	0.04	-0.86
Diluted EPS - Continuing Operations	0.79	-0.57	0.29	0.04	-0.86
Diluted Weighted Average Shares Outstanding	91.88M	83.85M	85.28M	88.86M	91.6M
Normalized Basic EPS	0.49	-0.16	0.07	-0.01	-0.55
Normalized Diluted EPS	0.45	-0.16	0.07	-0.01	-0.55
Payout Ratio	10.03	-5.37	2.75	3.06	-0
Supplemental Items
EBITDA	88.42M	7.31M	42.18M	29.14M	-42.3M
EBITA	78.97M	-4.56M	29.95M	19.56M	-49.58M
EBIT	78.97M	-5.62M	24.21M	13.46M	-55.68M
EBITDAR	89.45M	9.77M	45.44M	32.36M	-39.73M
Total Revenues (As Reported)	297M	282M	393M	401M	287M
Effective Tax Rate - (Ratio)	-10.72	-97.44	-154.4	8.21	-0.78
Current Domestic Taxes	-3.64M	4.58M	-24.18M	-7.77M	2.43M
Current Foreign Taxes	8.09M	-427K	11.66M	8.98M	1.89M
Total Current Taxes	4.45M	4.15M	-12.53M	1.22M	4.32M
Deferred Domestic Taxes	-11.81M	23.49M	268K	72K	-
Deferred Foreign Taxes	290K	-3.85M	-2.79M	-1M	-3.7M
Total Deferred Taxes	-11.52M	19.64M	-2.53M	-931K	-3.7M
Normalized Net Income	41.21M	-13.08M	6.09M	-816K	-50.82M
Interest on Long-Term Debt	19.76M	20.52M	16.9M	14.96M	17.62M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	41.19M	-	-	-	-
General and Administrative Expenses	26.84M	-	-	-	-
Research And Development Expense From Footnotes	70.97M	83.33M	84.37M	84.36M	85.24M
Net Rental Expense, Total	1.03M	2.46M	3.25M	3.22M	2.58M
Imputed Operating Lease Interest Expense	549K	1.37M	1.5M	1.36M	1.43M
Imputed Operating Lease Depreciation	480K	1.09M	1.75M	1.86M	1.14M
Stock-Based Comp., COGS (Total)	249K	216K	153K	137K	121K
Stock-Based Comp., R&D Exp. (Total)	1.86M	1.57M	2.45M	2.66M	2.97M
Stock-Based Comp., S&M Exp. (Total)	1.23M	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	5.55M	-	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	-	8.04M	10.56M	12.02M	10.19M
Total Stock-Based Compensation	8.89M	9.82M	13.16M	14.82M	13.28M

Fiscal Period: December	2018	2019	2020	2021	2022
Assets
Cash And Equivalents	281M	114M	157M	155M	126M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	281M	114M	157M	155M	126M
Accounts Receivable, Total	81.78M	93.15M	94.12M	85.77M	74.48M
Total Receivables	81.78M	93.15M	94.12M	85.77M	74.48M
Inventory	51M	93.6M	101M	84.83M	81.8M
Prepaid Expenses	3.5M	4.23M	3.77M	5.65M	2.71M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	644K	3.82M	14.18M	24.06M	6.48M
Total Current Assets	418M	308M	371M	355M	292M
Gross Property Plant And Equipment	61.19M	90.14M	88.76M	88.96M	89.78M
Accumulated Depreciation	-31.31M	-54.23M	-59.88M	-65.46M	-65.06M
Net Property Plant And Equipment	29.88M	35.91M	28.88M	23.51M	24.72M
Goodwill	-	50.35M	50.18M	50.18M	50.18M
Other Intangibles, Total	-	41.15M	35.84M	31.14M	25.76M
Accounts Receivable Long-Term	2.39M	575K	143K	115K	-
Deferred Tax Assets Long-Term	21.58M	69K	1.15M	101K	-
Deferred Charges Long-Term	-	70K	70K	70K	64K
Other Long-Term Assets, Total	3.29M	7.75M	5.97M	8.58M	5.8M
Total Assets	475M	444M	493M	469M	398M
Liabilities
Accounts Payable, Total	17.78M	25.89M	41.2M	28.09M	29.28M
Accrued Expenses, Total	32.73M	31.37M	37.38M	38.99M	26.39M
Current Portion of Long-Term Debt	2.18M	8.52M	15.17M	1.92M	225M
Current Portion of Leases	-	-	-	-	2.04M
Current Income Taxes Payable	958K	-	7.46M	4.99M	4.3M
Unearned Revenue Current, Total	31.21M	25.48M	15.53M	14.47M	31.3M
Other Current Liabilities	4.26M	3.2M	2.42M	2.39M	5.44M
Total Current Liabilities	89.11M	94.47M	119M	90.86M	324M
Long-Term Debt	293M	285M	276M	274M	-
Long-Term Leases	-	-	-	-	3.42M
Unearned Revenue Non Current	12.48M	4.58M	3.52M	7.01M	5.53M
Deferred Tax Liability Non Current	-	8.99M	7.28M	5.29M	1.49M
Other Non Current Liabilities	4.92M	12.95M	10.54M	9.43M	14.55M
Total Liabilities	400M	406M	417M	387M	349M
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	83K	84K	85K	88K	98K
Additional Paid In Capital	157M	170M	183M	194M	245M
Retained Earnings	-81.01M	-127M	-102M	-99.06M	-178M
Treasury Stock	-	-1.8M	-4.83M	-13.64M	-14.84M
Comprehensive Income and Other	-1.16M	-2.22M	337K	878K	-2.3M
Total Common Equity	74.86M	38.56M	76.37M	81.92M	49.4M
Total Equity	74.86M	38.56M	76.37M	81.92M	49.4M
Total Liabilities And Equity	475M	444M	493M	469M	398M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	83.13M	84.14M	84.01M	84.45M	95.85M
ECS Total Common Shares Outstanding	82.96M	83.84M	83.61M	84.42M	94.66M
Book Value / Share	0.9	0.46	0.91	0.97	0.52
Tangible Book Value	74.86M	-52.93M	-9.65M	598K	-26.54M
Tangible Book Value Per Share	0.9	-0.63	-0.12	0.01	-0.28
Total Debt	295M	293M	291M	276M	231M
Net Debt	14.87M	180M	134M	121M	104M
Debt Equivalent Oper. Leases	8.23M	19.67M	26.02M	25.78M	20.61M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	6.52M	24M	50.9M	53.93M	47.58M
Inventories - Work In Process, Total	571K	17K	19K	-	-
Inventories - Finished Goods, Total	46.67M	75.19M	50.28M	30.89M	34.21M
Land - (BS)	3.09M	3.09M	3.09M	3.09M	3.09M
Buildings, Total	10.01M	11.54M	12.01M	12.06M	12.14M
Machinery, Total	39.63M	65.09M	64.21M	65.77M	62.54M
Full Time Employees	743	997	993	1K	1.04K
Accumulated Allowance for Doubtful Accounts (Supple)	410K	20K	58K	117K	636K
Order Backlog	28.6M	52M	158M	-	-

Fiscal Period: December	2018	2019	2020	2021	2022
Net Income	73.01M	-48.21M	24.8M	3.21M	-79.2M
Depreciation & Amortization - CF	9.45M	11.87M	12.23M	9.58M	7.28M
Amortization of Goodwill and Intangible Assets - (CF)	-	1.07M	5.74M	6.1M	6.1M
Depreciation & Amortization, Total	9.45M	12.94M	17.97M	15.68M	13.37M
Amortization of Deferred Charges, Total - (CF)	-	1.79M	-	-	-
(Gain) Loss From Sale Of Asset	-	-	115K	37K	275K
Stock-Based Compensation (CF)	8.89M	9.82M	13.16M	14.82M	13.28M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	-282K	560K	38K	59K	519K
Other Operating Activities, Total	-17.4M	20.19M	-910K	1.14M	13.18M
Change In Accounts Receivable	34.72M	1.88M	-350K	8.19M	10.52M
Change In Inventories	-11.05M	-21.28M	-9.77M	14.1M	-14.42M
Change In Accounts Payable	4.2M	1.55M	17.02M	-12.05M	1.98M
Change in Unearned Revenues	-5.09M	-9.5M	-11.06M	2.41M	15.41M
Change In Income Taxes	-2.94M	2.74M	-6.45M	-14.12M	15.83M
Change in Other Net Operating Assets	5.04M	-11.51M	9.09M	131K	615K
Cash from Operations	98.54M	-39.02M	53.64M	33.6M	-8.63M
Capital Expenditure	-7.97M	-8.59M	-5.15M	-3.89M	-3.7M
Cash Acquisitions	-	-109M	-	-	-
Sale (Purchase) of Intangible assets	-	-	-432K	-1.44M	-714K
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Cash from Investing	-7.97M	-118M	-5.58M	-5.33M	-4.42M
Long-Term Debt Issued, Total	-	-	6.5M	-	-
Total Debt Issued	-	-	6.5M	-	-
Long-Term Debt Repaid, Total	-3.3M	-6.82M	-9.64M	-16.28M	-48.88M
Total Debt Repaid	-3.3M	-6.82M	-9.64M	-16.28M	-48.88M
Issuance of Common Stock	18.54M	2.69M	1.2M	2.26M	39.7M
Repurchase of Common Stock	-75.12M	-2.8M	-3.67M	-15.28M	-3.3M
Common Dividends Paid	-7.32M	-2.59M	-683K	-98K	-1K
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-7.32M	-2.59M	-683K	-98K	-1K
Other Financing Activities, Total	-1.15M	-	-	-	-
Cash from Financing	-68.35M	-9.53M	-6.3M	-29.4M	-12.48M
Foreign Exchange Rate Adjustments	-1.44M	-378K	2.05M	466K	-2.85M
Net Change in Cash	20.79M	-167M	43.8M	-657K	-28.38M
Supplemental Items
Cash Interest Paid	18.35M	18.88M	12.92M	16.94M	16.13M
Cash Income Tax Paid (Refund)	7.27M	4.33M	2.97M	10.19M	7.91M
Levered Free Cash Flow	63.44M	-59.26M	29.69M	22.14M	19.05M
Unlevered Free Cash Flow	75.79M	-46.43M	40.25M	31.49M	30.06M
Change In Net Working Capital	-16.05M	58.87M	426K	2.09M	-42.62M
Net Debt Issued / Repaid	-3.3M	-6.82M	-3.14M	-16.28M	-48.88M

Fiscal Period: December	2018	2019	2020	2021	2022
Profitability
Return on Assets	10.45	-0.77	3.23	1.75	-8.03
Return on Total Capital	13.75	-1	4.33	2.32	-10.91
Return On Equity %	116.8	-85	43.16	4.05	-120.63
Return on Common Equity	116.8	-85	43.16	4.05	-120.63
Margin Analysis
Gross Profit Margin %	73.36	57.57	51.01	46.74	40.65
SG&A Margin	22.89	30.05	23.4	21.72	30.33
EBITDA Margin %	29.76	2.59	10.73	7.26	-14.76
EBITA Margin %	26.58	-1.61	7.62	4.87	-17.3
EBIT Margin %	26.58	-1.99	6.16	3.35	-19.43
Income From Continuing Operations Margin %	24.57	-17.08	6.31	0.8	-27.64
Net Income Margin %	24.57	-17.08	6.31	0.8	-27.64
Net Avail. For Common Margin %	24.57	-17.08	6.31	0.8	-27.64
Normalized Net Income Margin	13.87	-4.63	1.55	-0.2	-17.74
Levered Free Cash Flow Margin	21.35	-20.99	7.55	5.52	6.65
Unlevered Free Cash Flow Margin	25.51	-16.45	10.23	7.85	10.49
Asset Turnover
Asset Turnover	0.63	0.61	0.84	0.83	0.66
Fixed Assets Turnover	10.03	8.58	12.14	15.32	11.88
Receivables Turnover (Average Receivables)	2.91	3.23	4.2	4.46	3.58
Inventory Turnover (Average Inventory)	1.82	1.66	1.98	2.3	2.04
Short Term Liquidity
Current Ratio	4.69	3.27	3.11	3.91	0.9
Quick Ratio	4.07	2.19	2.11	2.65	0.62
Operating Cash Flow to Current Liabilities	1.11	-0.41	0.45	0.37	-0.03
Days Sales Outstanding (Average Receivables)	125.56	113.09	87.13	81.81	102.07
Days Outstanding Inventory (Average Inventory)	200.91	220.35	185.05	158.84	178.8
Average Days Payable Outstanding	65.24	49.08	61.31	64.07	62.68