Quarterhill Inc. (TSX: QTRH)

Quarterhill Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	23.13	56.62	66.36	70.75	135.7	87.87
Short-Term Investments	-	-	1.55	1.85	5.55	1.55
Cash & Short-Term Investments	23.13	56.62	67.91	72.6	141.25	89.42
Cash Growth	-48.59%	-16.62%	-6.46%	-48.60%	57.96%	37.43%
Accounts Receivable	64.88	81.54	64.7	66.1	27.3	51.89
Other Receivables	0.1	-	0.34	0.39	0.26	0.14
Receivables	64.99	81.54	65.04	66.49	27.56	52.03
Inventory	12.32	14.26	13.67	13.73	9.07	8.57
Prepaid Expenses	5.51	6.35	6.85	5.19	8.26	2.24
Other Current Assets	-	-	6.53	3.1	-	0.11
Total Current Assets	105.95	158.77	160	161.1	186.14	152.37
Property, Plant & Equipment	9.49	12.49	17.24	13.46	6.56	7.33
Long-Term Investments	7.47	10.54	7.75	7.46	6.7	5.23
Goodwill	31.28	38.45	56.39	53.07	16.09	32.98
Other Intangible Assets	79.83	104.8	141.34	151.36	59.26	89.53
Long-Term Accounts Receivable	4.75	5.78	0.54	0.51	0.51	3.85
Long-Term Deferred Tax Assets	-	-	25.65	37.79	34.35	32.74
Other Long-Term Assets	1.1	1.26	3.05	2.47	0.34	-
Total Assets	239.86	332.08	411.94	427.2	309.95	324.02
Accounts Payable	30.32	31.39	21.38	25.45	10.04	9.48
Accrued Expenses	-	4.42	10.78	7.33	6.2	8.01
Short-Term Debt	-	-	-	-	-	4.03
Current Portion of Long-Term Debt	40.84	2.82	29.29	3.18	-	0.06
Current Portion of Leases	2.11	2.59	2.61	2.17	1.01	1
Current Income Taxes Payable	0.39	0.88	0.98	0.7	0.63	0.2
Current Unearned Revenue	6.14	7.69	8.54	7.99	4.8	8.64
Other Current Liabilities	0.81	4.38	14.91	9.24	3.8	8.77
Total Current Liabilities	80.6	54.16	88.49	56.04	26.48	40.19
Long-Term Debt	15.78	73.55	48.38	104.93	-	0.27
Long-Term Leases	5.38	7.59	9.66	5.63	2.75	3.55
Long-Term Unearned Revenue	1.12	0.82	2.74	2.84	2.57	1.51
Long-Term Deferred Tax Liabilities	1.95	1.62	2.06	5.85	6.22	3.3
Other Long-Term Liabilities	1.15	4.29	2.96	10.79	-	-
Total Liabilities	105.99	142.02	154.28	186.08	38.02	48.82
Common Stock	314.52	427.16	546.48	544.35	547.54	570.55
Additional Paid-In Capital	127.03	171.83	50.96	49.94	46.25	32.01
Retained Earnings	-323.37	-423.28	-356.24	-353.31	-325.44	-338.3
Comprehensive Income & Other	15.69	14.36	16.46	0.14	3.58	10.94
Shareholders' Equity	133.88	190.06	257.66	241.12	271.93	275.2
Total Liabilities & Equity	239.86	332.08	411.94	427.2	309.95	324.02
Total Debt	64.11	86.54	89.94	115.9	3.76	8.9
Net Cash (Debt)	-40.98	-29.92	-22.03	-43.3	137.49	80.52
Net Cash Growth	-	-	-	-	70.76%	29.87%
Net Cash Per Share	-0.36	-0.26	-0.19	-0.38	1.18	0.68
Filing Date Shares Outstanding	115.69	115.08	114.64	113.88	114.3	118.82
Total Common Shares Outstanding	115.69	115.08	114.64	113.88	114.32	118.82
Working Capital	25.35	104.61	71.51	105.06	159.66	112.18
Book Value Per Share	1.16	1.65	2.25	2.12	2.38	2.32
Tangible Book Value	22.77	46.81	59.94	36.7	196.58	152.69
Tangible Book Value Per Share	0.20	0.41	0.52	0.32	1.72	1.29
Land	-	-	0.73	0.7	0.7	0.7
Machinery	-	10.87	13.5	10.73	6.91	6.71
Leasehold Improvements	-	0.43	0.5	0.48	0.44	0.57

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