Quarterhill Inc. (TSX:QTRH)

Quarterhill Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	26.12	31.89	42.73	49.03	55.9	106.5
Short-Term Investments	-	-	-	1.15	1.46	4.36
Cash & Short-Term Investments	26.12	31.89	42.73	50.17	57.37	110.85
Cash Growth	-14.13%	-25.37%	-14.83%	-12.54%	-48.25%	60.79%
Accounts Receivable	57.03	55.18	61.54	47.8	52.23	21.42
Other Receivables	0.21	0.23	-	0.25	0.3	0.21
Receivables	57.24	55.41	61.54	48.06	52.54	21.63
Inventory	10.41	10.14	10.76	10.1	10.85	7.12
Prepaid Expenses	4.29	4.59	4.8	5.06	4.1	6.49
Other Current Assets	-	-	-	4.82	2.45	-
Total Current Assets	98.05	102.03	119.83	118.22	127.3	146.09
Property, Plant & Equipment	8.75	9	9.42	12.74	10.63	5.15
Long-Term Investments	3.92	3.92	7.95	5.73	5.89	5.26
Goodwill	31.12	30.96	29.02	41.66	41.93	12.63
Other Intangible Assets	77.45	78.37	79.09	104.43	119.6	46.51
Long-Term Accounts Receivable	4.9	4.78	4.36	0.4	0.4	0.4
Long-Term Deferred Tax Assets	-	-	-	18.95	29.86	26.95
Other Long-Term Assets	0.99	1.05	0.95	2.25	1.95	0.27
Total Assets	225.18	230.11	250.63	304.37	337.57	243.25
Accounts Payable	27.1	17.9	23.69	15.79	20.11	7.88
Accrued Expenses	-	4.35	3.34	7.97	5.79	4.87
Current Portion of Long-Term Debt	39.43	38.95	40.32	21.64	2.51	-
Current Portion of Leases	2.13	2.04	1.95	1.93	1.71	0.79
Current Income Taxes Payable	0.27	0.33	0.66	0.73	0.55	0.5
Current Unearned Revenue	6.68	5.71	5.81	6.31	6.31	3.77
Other Current Liabilities	0.09	3.86	5.59	11.01	7.3	2.98
Total Current Liabilities	75.69	73.15	81.36	65.38	44.29	20.78
Long-Term Debt	14.76	15.27	17.31	35.75	82.91	-
Long-Term Leases	4.6	4.8	5.73	7.13	4.45	2.16
Long-Term Unearned Revenue	1.94	1.57	0.62	2.03	2.24	2.02
Long-Term Deferred Tax Liabilities	2.61	2.58	1.22	1.52	4.62	4.88
Other Long-Term Liabilities	1.53	1.61	0.95	2.18	8.53	-
Total Liabilities	101.12	98.99	107.19	114	147.04	29.84
Common Stock	315.09	314.63	313.74	403.78	430.15	429.71
Additional Paid-In Capital	127.73	127.45	126.13	37.65	39.46	36.3
Retained Earnings	-331.47	-323.1	-312.08	-263.21	-279.19	-255.41
Comprehensive Income & Other	12.71	12.15	15.65	12.16	0.11	2.81
Shareholders' Equity	124.06	131.12	143.44	190.38	190.53	213.41
Total Liabilities & Equity	225.18	230.11	250.63	304.37	337.57	243.25
Total Debt	60.92	61.07	65.31	66.45	91.59	2.95
Net Cash (Debt)	-34.8	-29.17	-22.58	-16.28	-34.22	107.9
Net Cash Growth	-	-	-	-	-	73.82%
Net Cash Per Share	-0.30	-0.25	-0.20	-0.14	-0.30	0.92
Filing Date Shares Outstanding	116.22	115.79	115.08	114.64	113.88	114.3
Total Common Shares Outstanding	116.22	115.79	115.08	114.64	113.88	114.32
Working Capital	22.36	28.89	38.46	52.84	83.02	125.3
Book Value Per Share	1.07	1.13	1.25	1.66	1.67	1.87
Tangible Book Value	15.49	21.79	35.33	44.29	29	154.27
Tangible Book Value Per Share	0.13	0.19	0.31	0.39	0.25	1.35
Land	-	-	-	0.54	0.55	0.55
Machinery	-	9.12	8.21	9.97	8.48	5.42
Leasehold Improvements	-	0.32	0.33	0.37	0.38	0.34

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