Balance Sheet

Current Liabilities	100.3m
Accounts Payable	3.4m
Accrued Liabilities	22.4m
Other Current Liabilities	74.5m
Non-Current Liabilities	290.6m
Long-Term Debt	280.8m
Other Non-Current Liabilities	9.8m

Currency: USD

	Sep-2014	Sep-2015	Sep-2016	Sep-2017	Sep-2018	Sep-2019	Sep-2020	Sep-2021	Sep-2022	Sep-2023
Assets
Cash & Cash Equivalents	101	91	66	58	57	61	201	166	194	301
Cash Equivalents	101	91	66	58	57	61	201	166	194	301
Total Receivables	15	16	20	25	28	27	36	43	49	62
Accounts Receivables	15	16	20	25	28	27	36	43	49	62
Other Receivables	0	0	0	0	0	0	0	0	0	0
Other Current Assets	3	4	7	5	4	7	10	14	19	21
Total Current Assets	119	111	93	87	89	95	246	222	262	384
PP&E Net	7	8	6	5	2	1	4	23	17	11
PP&E Gross	7	8	6	5	2	1	4	23	17	11
Accumulated Depreciation	7	10	15	18	18	19	15	13	11	12
Intangible Assets	1	0	6	40	35	29	24	45	37	30
Goodwill	2	2	7	39	39	39	39	66	66	66
Other Long-Term Assets	1	2	1	1	1	6	6	8	11	9
Other Assets	2	2	7	39	39	39	39	66	66	66
Total Assets	129 N/A	122 -5%	113 -7%	172 +52%	166 -3%	170 +2%	320 +89%	364 +14%	392 +8%	500 +28%
Liabilities
Accounts Payable	1	2	3	3	2	2	3	5	6	4
Accrued Liabilities	11	13	12	20	17	24	24	34	38	28
Short-Term Debt	0	0	0	5	0	0	0	0	0	0
Current Portion of Long-Term Debt	0	0	0	0	1	5	0	0	0	0
Other Current Liabilities	24	22	29	49	52	45	51	58	63	62
Total Current Liabilities	37	36	44	77	73	76	78	97	107	94
Long-Term Debt	0	0	0	53	52	39	114	124	135	280
Other Liabilities	4	3	3	1	1	1	4	20	15	11
Total Liabilities	40 N/A	39 -3%	47 +20%	131 +179%	126 -4%	117 -7%	196 +67%	240 +23%	258 +7%	385 +49%
Equity
Common Stock	0	0	0	0	0	0	0	0	0	0
Retained Earnings	83	103	136	175	204	212	226	256	284	297
Additional Paid In Capital	172	186	203	217	245	266	352	381	422	415
Other Equity	0	1	1	1	1	1	1	1	2	2
Total Equity	89 N/A	83 -7%	66 -20%	41 -38%	40 -3%	53 +32%	125 +137%	124 -1%	135 +9%	116 -14%
Total Liabilities & Equity	129 N/A	122 -5%	113 -7%	172 +52%	166 -3%	170 +2%	320 +89%	364 +14%	392 +8%	500 +28%
Shares Outstanding
Common Shares Outstanding	25	27	28	29	31	33	35	36	37	39

Model N Inc
NYSE:MODN