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SEC Filings

10-Q
FORTERRA, INC. filed this Form 10-Q on 11/09/2017
Entire Document
 

FORTERRA, INC.
Condensed Consolidated Balance Sheets
(in thousands, except share data)

 
September 30,
2017
 
December 31,
2016
ASSETS
(unaudited)
 
 
Current assets
 
 
 
Cash and cash equivalents
$
41,131

 
$
40,024

Receivables, net
266,676

 
201,481

Inventories
264,292

 
279,502

Prepaid expenses
5,596

 
6,417

Other current assets
22,430

 
5,179

Total current assets
600,125

 
532,603

Non-current assets
 
 
 
Property, plant and equipment, net
426,246

 
452,914

Goodwill
504,964

 
491,447

Intangible assets, net
243,603

 
281,598

Investment in equity method investee
55,685

 
55,236

Other long-term assets
15,992

 
10,988

Total assets
$
1,846,615

 
$
1,824,786

LIABILITIES AND EQUITY
 
 
 
Current liabilities
 
 
 
Trade payables
$
133,899

 
$
134,059

Accrued liabilities
79,320

 
82,165

Deferred revenue
8,892

 
20,797

Current portion of long-term debt
12,510

 
10,500

Total current liabilities
234,621

 
247,521

Non-current liabilities
 
 
 
Senior term loan
1,182,545

 
990,483

Revolving credit facility

 
95,064

Deferred tax liabilities
77,651

 
100,550

Deferred gain on sale-leaseback
76,469

 
78,215

Other long-term liabilities
27,991

 
23,253

Long-term TRA payable
159,003

 
156,783

Total liabilities
1,758,280

 
1,691,869

Commitments and Contingencies (Note 14)


 


Equity
 
 
 
Common stock, $0.001 par value, 64,294,793 and 63,924,124 shares issued and outstanding, respectively, and 190,000,000 shares authorized
18

 
18

Additional paid-in-capital
229,057

 
228,316

Accumulated other comprehensive loss
(5,130
)
 
(5,025
)
Retained deficit
(135,610
)
 
(90,392
)
Total shareholders' equity
88,335

 
132,917

Total liabilities and shareholders' equity
$
1,846,615

 
$
1,824,786


See accompanying notes to unaudited condensed consolidated financial statements


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