Converge Information and Communications Technology Solutions, Inc. (PSE: CNVRG)

CNVRG Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	16,990	13,694	10,214	8,084	12,957	6,233
Cash & Short-Term Investments	16,990	13,694	10,214	8,084	12,957	6,233
Cash Growth	50.88%	34.07%	26.35%	-37.61%	107.88%	1207.67%
Accounts Receivable	2,281	2,555	3,032	2,817	2,173	1,777
Other Receivables	1,154	972.3	394.75	1,393	1,408	869.3
Receivables	3,435	3,527	3,426	4,210	3,581	2,647
Inventory	1,860	3,461	5,645	4,963	2,031	1,039
Prepaid Expenses	-	55.13	31.91	23.77	-	-
Other Current Assets	3,739	1,418	3,281	3,760	2,701	934.65
Total Current Assets	26,024	22,155	22,599	21,040	21,271	10,854
Property, Plant & Equipment	71,281	70,384	65,828	51,787	29,986	17,578
Long-Term Investments	493.27	759.79	515.06	459.23	71.9	-
Other Intangible Assets	2,072	2,145	2,385	1,969	1,155	669.87
Long-Term Accounts Receivable	149.79	153.51	157.02	160.32	-	-
Long-Term Deferred Tax Assets	1,454	1,546	1,793	997.64	788.36	539.13
Long-Term Deferred Charges	237.38	271.01	263.81	673.54	543.16	229.29
Other Long-Term Assets	2,924	3,731	4,559	4,777	2,897	1,289
Total Assets	104,635	101,145	98,098	81,864	56,712	31,159
Accounts Payable	16,494	12,966	13,791	14,394	12,343	2,384
Accrued Expenses	31.16	2,567	2,222	3,525	-	3,510
Current Portion of Long-Term Debt	5,560	5,258	3,240	2,999	731.21	1,098
Current Portion of Leases	448.39	498.09	615.77	545.74	325.74	371.8
Current Income Taxes Payable	560.31	135.31	821.34	1,003	393.92	357.56
Current Unearned Revenue	652.23	557.94	815.23	1,042	463.62	199.48
Other Current Liabilities	1,249	1,935	3,218	3,375	1,128	2,239
Total Current Liabilities	24,995	23,918	24,723	26,884	15,385	10,160
Long-Term Debt	27,221	29,985	35,000	16,847	10,583	6,852
Long-Term Leases	1,787	1,908	2,002	2,396	1,508	1,375
Long-Term Unearned Revenue	-	-	48.63	313.02	205.11	81.96
Other Long-Term Liabilities	75.61	75.61	60.6	191.58	1,133	491.83
Total Liabilities	54,079	55,899	61,988	46,753	28,937	18,992
Common Stock	1,882	1,882	1,882	1,882	1,882	1,250
Additional Paid-In Capital	18,746	18,746	18,746	18,746	18,746	6,541
Retained Earnings	36,127	30,833	21,737	14,297	7,139	4,014
Treasury Stock	-6,499	-6,499	-6,499	-	-	-
Comprensive Income & Other	300.17	282.94	244.88	185.81	8.13	55.24
Total Common Equity	50,557	45,245	36,111	35,111	27,775	11,861
Minority Interest	0.31	0.31	0.31	0.31	0.31	0.31
Shareholders' Equity	50,557	45,246	36,111	35,111	27,775	12,168
Total Liabilities & Equity	104,635	101,145	98,098	81,864	56,712	31,159
Total Debt	35,016	37,650	40,857	22,788	13,147	9,697
Net Cash (Debt)	-18,026	-23,956	-30,643	-14,704	-190	-3,463
Net Cash Per Share	-2.47	-3.30	-4.16	-1.95	-0.03	-0.55
Filing Date Shares Outstanding	7,267	7,267	7,267	7,526	7,526	5,000
Total Common Shares Outstanding	7,267	7,267	7,267	7,526	7,526	5,000
Working Capital	1,029	-1,763	-2,125	-5,843	5,886	693.01
Book Value Per Share	6.96	6.23	4.97	4.67	3.69	2.37
Tangible Book Value	48,485	43,101	33,726	33,142	26,620	11,191
Tangible Book Value Per Share	6.67	5.93	4.64	4.40	3.54	2.24
Land	-	1,910	1,265	1,262	-	215.51
Machinery	-	81,132	69,071	52,661	-	16,540
Construction In Progress	-	3,063	5,043	3,388	-	2,571
Leasehold Improvements	-	575.32	443.76	102.61	-	18.34

Source: S&P Capital IQ. Standard template. Financial Sources.