Annual report pursuant to section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v2.3.0.11
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash $ 12,055 $ 101
Restricted cash 1,535 35
Accounts receivable, net of allowance for doubtful accounts of $228 and $215, respectively 19,106 8,541
Unbilled receivables - current 9,871 9,436
Retainage receivable 912 0
Inventories 573 465
Prepaid and other assets 4,604 2,870
Deferred tax assets -current 2,426 1,734
Current assets related to discontinued operations 693 2,034
Total current assets 51,775 25,216
Property and equipment:    
Buildings and land 26,026 24,693
Equipment 34,283 33,279
Vehicles 818 235
Leasehold improvements 11,529 11,506
Office furniture and equipment 2,081 1,890
Construction-in-progress 764 593
Total property and equipment 75,501 72,196
Less accumulated depreciation and amortization (35,666) (31,753)
Net property and equipment 39,835 40,443
Property and equipment related to discontinued operations 1,650 4,209
Intangibles and other long term assets:    
Permits 16,854 16,863
Goodwill 27,063 15,330
Other intangible assets 4,258 271
Unbilled receivables - non-current 424 2,556
Finite Risk Sinking Fund 19,354 17,424
Deferred tax asset, net of liabilities 1,295 0
Other assets 1,595 1,813
Intangible and other assets related to discontinued operations 0 1,190
Total assets 164,103 125,315
Current liabilities:    
Accounts payable 13,117 4,891
Accrued expenses 9,533 5,996
Disposal/transportation accrual 1,957 2,188
Unearned revenue 6,260 3,527
Billing in excess of costs and estimated earning 3,226 0
Current liabilities related to discontinued operations 2,197 2,673
Current portion of long-term debt 3,936 3,612
Total current liabilities 40,226 22,887
Accrued closure costs 11,937 12,362
Other long-term liabilities 610 671
Deferred tax liability 0 1,180
Long-term liabilities related to discontinued operations 1,775 3,074
Long-term debt, less current portion 15,007 6,637
Total long-term liabilities 29,329 23,924
Total liabilities 69,555 46,811
Commitments and Contingencies    
Preferred Stock of subsidiary, $1.00 par value; 1,467,396 shares authorized, 1,284,730 shares issued and outstanding, liquidation value $1.00 per share plus accrued and unpaid dividends 1,285 1,285
Stockholders' Equity:    
Preferred Stock, $.001 par value; 2,000,000 shares authorized, no shares issued and outstanding 0 0
Common Stock, $.001 par value; 75,000,000 shares authorized, 56,068,248 and 55,106,180 shares issued, respectively; 56,030,038 and 55,067,970 shares outstanding, respectively 56 55
Additional paid-in capital 102,411 100,821
Accumulated deficit (9,505) (23,569)
Accumulated other comprehensive loss (3) 0
Less Common Stock in treasury at cost; 38,210 shares (88) (88)
Total Perma-Fix Environmental Services, Inc. stockholders' equity 92,871 77,219
Noncontrolling interest 392 0
Total stockholders' equity 93,263 77,219
Total liabilities and stockholders' equity $ 164,103 $ 125,315