Investor Relations Contact
NV5 Global, Inc.
Jack Cochran
Vice President, Marketing & Investor Relations
Tel: +1-954-637-8048
Email:
ir@nv5.com
Source: NV5 Global, Inc.
NV5 GLOBAL, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
(in thousands, except share data)
| January 1, 2022 | January 2, 2021 | ||||
| Assets | |||||
| Current assets: | |||||
| Cash and cash equivalents | $ | 47,980 | $ | 64,909 | |
| Billed receivables, net | 153,814 | 142,705 | |||
| Unbilled receivables, net | 89,734 | 74,458 | |||
| Prepaid expenses and other current assets | 12,442 | 6,804 | |||
| Total current assets | 303,970 | 288,876 | |||
| Property and equipment, net | 32,729 | 27,011 | |||
| Right-of-use lease assets, net | 44,260 | 43,607 | |||
| Intangible assets, net | 188,224 | 174,931 | |||
| Goodwill | 389,916 | 343,796 | |||
| Other assets | 2,844 | 2,954 | |||
| Total Assets | $ | 961,943 | $ | 881,175 | |
| Liabilities and Stockholders’ Equity | |||||
| Current liabilities: | |||||
| Accounts payable | $ | 55,954 | $ | 39,989 | |
| Accrued liabilities | 50,461 | 45,325 | |||
| Billings in excess of costs and estimated earnings on uncompleted contracts | 29,444 | 24,962 | |||
| Client deposits | 1,551 | 380 | |||
| Current portion of contingent consideration | 5,807 | 1,334 | |||
| Current portion of notes payable and other obligations | 20,734 | 24,196 | |||
| Total current liabilities | 163,951 | 136,186 | |||
| Contingent consideration, less current portion | 2,521 | 1,066 | |||
| Other long-term liabilities | 34,304 | 38,737 | |||
| Notes payable and other obligations, less current portion | 111,062 | 283,326 | |||
| Deferred income tax liabilities, net | 25,385 | 27,791 | |||
| Total liabilities | 337,223 | 487,106 | |||
| Commitments and contingencies | |||||
| Stockholders’ equity: | |||||
| Preferred stock, $0.01 par value; 5,000,000 shares authorized, no shares issued and outstanding | — | — | |||
| Common stock, $0.01 par value; 45,000,000 shares authorized, 15,414,005 and 13,270,131 shares issued and outstanding as of January 1, 2022 and January 2, 2021, respectively | 154 | 133 | |||
| Additional paid-in capital | 451,754 | 268,271 | |||
| Retained earnings | 172,812 | 125,665 | |||
| Total stockholders’ equity | 624,720 | 394,069 | |||
| Total liabilities and stockholders’ equity | $ | 961,943 | $ | 881,175 | |
