The Stephan Co. Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2012	FY 2011	FY 2010	FY 2009	FY 2008
Period Ending	Dec '12 Dec 31, 2012	Dec '11 Dec 31, 2011	Dec '10 Dec 31, 2010	Dec '09 Dec 31, 2009	Dec '08 Dec 31, 2008
Cash & Equivalents	3.65	6.71	6.71	7.49	7.97
Cash & Short-Term Investments	3.65	6.71	6.71	7.49	7.97
Cash Growth	-45.57%	0.06%	-10.37%	-6.05%	-20.62%
Accounts Receivable	0.58	0.81	0.92	0.91	0.98
Receivables	0.58	0.81	0.92	0.91	0.98
Inventory	3.67	6.14	6.34	5.7	5.16
Prepaid Expenses	0.27	0.24	0.1	0.16	0.25
Total Current Assets	8.18	13.9	14.07	14.25	14.35
Property, Plant & Equipment	1.14	1.15	1.27	1.25	1.38
Goodwill	1.4	3.63	3.62	3.62	3.6
Other Intangible Assets	1.63	4.56	4.58	3.15	3.15
Other Long-Term Assets	0.01	3.38	3.34	3.08	3.11
Total Assets	12.35	26.62	26.87	25.34	25.59
Accounts Payable	1.87	1.29	1.6	1.75	1.92
Current Portion of Long-Term Debt	0.09	0.19	0.22	0.14	0.14
Total Current Liabilities	1.96	1.47	1.82	1.88	2.06
Long-Term Debt	0.02	0.12	0.3	0.22	0.33
Long-Term Deferred Tax Liabilities	-	0.1	-	-	-
Total Liabilities	1.99	1.69	2.12	2.11	2.38
Common Stock	0.04	0.04	0.04	0.04	0.04
Additional Paid-In Capital	18.16	18.16	18.05	17.93	17.83
Retained Earnings	-6.97	7.59	7.52	6.13	5.61
Treasury Stock	-0.86	-0.86	-0.86	-0.86	-0.28
Shareholders' Equity	10.37	24.93	24.75	23.24	23.2
Total Liabilities & Equity	12.35	26.62	26.87	25.34	25.59
Total Debt	0.12	0.3	0.52	0.36	0.46
Net Cash (Debt)	3.54	6.41	6.19	7.13	7.51
Net Cash Growth	-44.84%	3.57%	-13.14%	-5.06%	-15.93%
Net Cash Per Share	0.87	1.58	1.53	1.68	1.71
Filing Date Shares Outstanding	4.05	4.05	4.05	4.05	4.27
Total Common Shares Outstanding	4.05	4.05	4.05	4.05	4.27
Working Capital	6.21	12.43	12.25	12.37	12.3
Book Value Per Share	2.56	6.16	6.11	5.74	5.44
Tangible Book Value	7.34	16.74	16.56	16.47	16.46
Tangible Book Value Per Share	1.81	4.13	4.09	4.07	3.86
Land	0.38	0.38	0.38	0.38	0.38
Buildings	2.32	2.29	2.29	2.29	2.23
Machinery	2.97	2.87	2.86	2.72	2.77

Source: S&P Global Market Intelligence. Standard template. Financial Sources.