SEC Filings

10-Q
CIMPRESS N.V. filed this Form 10-Q on 11/03/2017
Entire Document
 

PART I. FINANCIAL INFORMATION
Item 1. Financial Statements
CIMPRESS N.V.
CONSOLIDATED BALANCE SHEETS
(unaudited in thousands, except share and per share data)

September 30,
2017

June 30,
2017
Assets
 


 

Current assets:
 


 

Cash and cash equivalents
$
42,800


$
25,697

Accounts receivable, net of allowances of $4,297 and $3,590, respectively
58,413


48,630

Inventory
56,754


46,563

Prepaid expenses and other current assets
75,921


78,835

Assets held for sale

 
46,276

Total current assets
233,888


246,001

Property, plant and equipment, net
511,890


511,947

Software and website development costs, net
50,312


48,470

Deferred tax assets
78,748


48,004

Goodwill
525,806


514,963

Intangible assets, net
268,678


275,924

Other assets
26,772


34,560

Total assets
$
1,696,094


$
1,679,869

Liabilities, noncontrolling interests and shareholders’ equity
 


 

Current liabilities:
 


 

Accounts payable
$
121,119


$
127,386

Accrued expenses
186,502


175,567

Deferred revenue
39,239


30,372

Short-term debt
19,941

 
28,926

Other current liabilities
86,998

 
78,435

Liabilities held for sale

 
8,797

Total current liabilities
453,799


449,483

Deferred tax liabilities
58,805


60,743

Lease financing obligation
105,679

 
106,606

Long-term debt
800,860


847,730

Other liabilities
108,607


94,683

Total liabilities
1,527,750


1,559,245

Commitments and contingencies (Note 13)
 
 
 
Redeemable noncontrolling interests
83,841


45,412

Shareholders’ equity:
 


 

Preferred shares, par value €0.01 per share, 100,000,000 shares authorized; none issued and outstanding



Ordinary shares, par value €0.01 per share, 100,000,000 shares authorized; 44,080,627 shares issued; and 31,020,287 and 31,415,503 shares outstanding, respectively
615


615

Treasury shares, at cost, 13,060,340 and 12,665,124 shares, respectively
(627,002
)

(588,365
)
Additional paid-in capital
366,684


361,376

Retained earnings
432,273


414,771

Accumulated other comprehensive loss
(88,325
)

(113,398
)
Total shareholders’ equity attributable to Cimpress N.V.
84,245


74,999

Noncontrolling interests (Note 10)
258

 
213

Total shareholders' equity
84,503

 
75,212

Total liabilities, noncontrolling interests and shareholders’ equity
$
1,696,094


$
1,679,869

See accompanying notes.

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