Quarterly report pursuant to sections 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

v2.3.0.11
Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash $ 2,697 $ 12,055
Restricted cash 35 1,535
Accounts receivable, net of allowance for doubtful accounts of $304 and $228, respectively 20,419 19,106
Unbilled receivables - current 11,732 9,871
Retainage receivable 1,015 912
Inventories 479 573
Prepaid and other assets 3,984 4,604
Deferred tax assets -current 2,954 2,426
Current assets related to discontinued operations 744 693
Total current assets 44,059 51,775
Property and equipment:    
Buildings and land 26,026 26,026
Equipment 34,414 34,283
Vehicles 823 818
Leasehold improvements 11,529 11,529
Office furniture and equipment 2,120 2,081
Construction-in-progress 795 764
Total property and equipment 75,707 75,501
Less accumulated depreciation and amortization (36,885) (35,666)
Net property and equipment 38,822 39,835
Property and equipment related to discontinued operations 1,614 1,650
Intangibles and other long term assets:    
Permits 16,841 16,854
Goodwill 27,385 27,063
Other intangible assets - net 4,019 4,258
Unbilled receivables - non-current 233 424
Finite risk sinking fund 21,246 19,354
Deferred tax asset, net of liabilities 1,295 1,295
Other assets 1,660 1,595
Total assets 157,174 164,103
Current liabilities:    
Accounts payable 12,078 13,117
Accrued expenses 8,647 9,533
Disposal/transportation accrual 2,141 1,957
Unearned revenue 3,333 6,260
Billing in excess of costs and estimated earning 2,512 3,226
Current liabilities related to discontinued operations 1,974 2,197
Current portion of long-term debt 3,709 3,936
Total current liabilities 34,394 40,226
Accrued closure costs 11,982 11,937
Other long-term liabilities 974 610
Deferred tax liability 27 0
Long-term liabilities related to discontinued operations 2,024 1,775
Long-term debt, less current portion 14,092 15,007
Total long-term liabilities 29,099 29,329
Total liabilities 63,493 69,555
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, 56,101,129 and 56,068,248 shares issued, respectively; 56,062,919 and 56,030,038 shares outstanding, respectively 56 56
Additional paid-in capital 102,526 102,411
Accumulated deficit (10,555) (9,505)
Accumulated other comprehensive income (loss) 9 (3)
Less Common Stock in treasury at cost; 38,210 shares (88) (88)
Total Perma-Fix Environmental Services, Inc. stockholders' equity 91,948 92,871
Noncontrolling interest 448 392
Total stockholders' equity 92,396 93,263
Total liabilities and stockholders' equity $ 157,174 $ 164,103