Quarterly report pursuant to sections 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

v2.4.0.6
Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash $ 2,753 $ 12,055
Restricted cash 35 1,535
Accounts receivable, net of allowance for doubtful accounts of $803 and $228, respectively 14,981 19,106
Unbilled receivables - current 8,694 9,871
Retainage receivable 399 912
Inventories 443 573
Prepaid and other assets 6,078 5,104
Deferred tax assets - current 2,187 2,426
Current assets related to discontinued operations 526 693
Total current assets 36,096 52,275
Property and equipment:    
Buildings and land 26,338 26,026
Equipment 34,665 34,283
Vehicles 661 818
Leasehold improvements 11,624 11,529
Office furniture and equipment 2,128 2,081
Construction-in-progress 334 764
Total property and equipment 75,750 75,501
Less accumulated depreciation and amortization (39,263) (35,666)
Net property and equipment 36,487 39,835
Property and equipment related to discontinued operations 1,614 1,650
Intangibles and other long term assets:    
Permits 16,814 16,854
Goodwill 29,288 27,063
Other intangible assets - net 3,787 4,258
Unbilled receivables - non-current 363 424
Finite risk sinking fund 21,262 19,354
Deferred tax asset, net of liabilities 1,211 1,295
Other assets 1,586 1,595
Total assets 148,508 [1] 164,603
Current liabilities:    
Accounts payable 9,026 13,117
Accrued expenses 7,184 9,533
Disposal/transportation accrual 1,759 1,957
Unearned revenue 4,256 6,260
Billing in excess of costs and estimated earning 1,920 3,226
Current liabilities related to discontinued operations 1,718 2,197
Current portion of long-term debt 3,636 3,906
Total current liabilities 29,499 40,196
Accrued closure costs 11,332 11,937
Other long-term liabilities 658 610
Long-term liabilities related to discontinued operations 1,953 1,775
Long-term debt, less current portion 12,803 15,537
Total long-term liabilities 26,746 29,859
Total liabilities 56,245 70,055
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,56,186,121 and 56,068,248 shares issued, respectively; 56,147,911 and 56,030,038 shares outstanding, respectively 56 56
Additional paid-in capital 102,710 102,411
Accumulated deficit (12,271) (9,505)
Accumulated other comprehensive loss 0 (3)
Less Common Stock in treasury, at cost; 38,210 shares (88) (88)
Total Perma-Fix Environmental Services, Inc. stockholders' equity 90,407 92,871
Noncontrolling interest 571 392
Total stockholders' equity 90,978 93,263
Total liabilities and stockholders' equity $ 148,508 $ 164,603
[1] Segment assets have been adjusted for intercompany accounts to reflect actual assets for each segment.