Turtle Beach Corporation (HEAR)

Turtle Beach 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	13.8	18.73	11.4	37.72	46.68	8.25
Cash & Short-Term Investments	13.8	18.73	11.4	37.72	46.68	8.25
Cash Growth	11.86%	64.32%	-69.79%	-19.20%	465.90%	16.54%
Receivables	70.7	54.39	43.34	35.95	43.87	44.53
Inventory	102.26	44.02	71.25	101.93	71.3	45.71
Prepaid Expenses	9.69	7.72	9.2	17.51	8.13	4.06
Total Current Assets	196.46	124.86	135.18	193.11	169.98	102.55
Property, Plant & Equipment	14.33	11.83	6.36	6.96	6.58	3.96
Goodwill	56.7	10.69	10.69	10.69	8.18	8.52
Other Intangible Assets	44.54	1.73	2.61	5.79	5.14	6.01
Long-Term Deferred Tax Assets	-	-	-	5.9	6.95	7.44
Other Long-Term Assets	1.17	0.86	8.55	8.07	6.64	2.88
Total Assets	313.2	149.97	163.39	230.51	203.45	131.35
Accounts Payable	66.39	26.91	19.85	40.48	42.53	22.51
Accrued Expenses	24.09	22.97	21.27	34.23	29.34	21.89
Short-Term Debt	58.63	-	19.05	-	-	15.66
Current Portion of Leases	1.79	1.25	-	-	-	-
Current Income Taxes Payable	4.82	5.21	4.16	3.46	5.74	3.79
Other Current Liabilities	-	-	-	-	1.04	0.74
Total Current Liabilities	155.71	56.33	64.33	78.17	78.65	64.59
Long-Term Debt	45.7	-	-	-	-	-
Long-Term Leases	7.67	6.48	-	-	-	-
Long-Term Deferred Tax Liabilities	-	-	-	-	-	0.15
Other Long-Term Liabilities	2.31	2.08	10.11	10.97	8.4	3.22
Total Liabilities	211.38	64.89	74.45	89.14	87.05	67.96
Common Stock	0.02	0.02	0.02	0.02	0.02	0.01
Additional Paid-In Capital	239.35	220.19	206.92	198.28	190.57	176.78
Retained Earnings	-138.23	-	-	-57.05	-74.77	-113.52
Comprehensive Income & Other	0.69	-135.13	-117.99	0.13	0.59	0.12
Total Common Equity	101.82	85.08	88.94	141.37	116.4	63.39
Shareholders' Equity	101.82	85.08	88.94	141.37	116.4	63.39
Total Liabilities & Equity	313.2	149.97	163.39	230.51	203.45	131.35
Total Debt	113.78	7.73	19.05	-	-	15.66
Net Cash (Debt)	-99.97	10.99	-7.66	37.72	46.68	-7.41
Net Cash Growth	-	-	-	-19.20%	-	-
Net Cash Per Share	-5.15	0.64	-0.47	2.07	2.85	-0.47
Filing Date Shares Outstanding	20.08	17.61	16.58	16.17	15.48	14.5
Total Common Shares Outstanding	20.08	17.53	16.57	16.17	15.48	14.49
Working Capital	40.75	68.52	70.85	114.94	91.33	37.96
Book Value Per Share	5.07	4.85	5.37	8.74	7.52	4.38
Tangible Book Value	0.58	72.66	75.64	124.9	103.08	48.86
Tangible Book Value Per Share	0.03	4.14	4.57	7.72	6.66	3.37
Machinery	18.57	15.55	13.99	11.37	9.89	7.72
Leasehold Improvements	2.37	1.99	2.05	1.79	1.83	1.33

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