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)
| October 1, 2022 | January 1, 2022 | ||||||
| Assets | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 54,171 | $ | 47,980 | |||
| Billed receivables, net | 141,308 | 153,814 | |||||
| Unbilled receivables, net | 98,081 | 89,734 | |||||
| Prepaid expenses and other current assets | 20,896 | 12,442 | |||||
| Total current assets | 314,456 | 303,970 | |||||
| Property and equipment, net | 41,042 | 32,729 | |||||
| Right-of-use lease assets, net | 38,008 | 44,260 | |||||
| Intangible assets, net | 167,592 | 188,224 | |||||
| Goodwill | 398,614 | 389,916 | |||||
| Other assets | 2,427 | 2,844 | |||||
| Total Assets | $ | 962,139 | $ | 961,943 | |||
| Liabilities and Stockholders’ Equity | |||||||
| Current liabilities: | |||||||
| Accounts payable | $ | 48,722 | $ | 55,954 | |||
| Accrued liabilities | 58,481 | 50,461 | |||||
| Billings in excess of costs and estimated earnings on uncompleted contracts | 27,886 | 29,444 | |||||
| Other current liabilities | 1,421 | 1,551 | |||||
| Current portion of contingent consideration | 9,224 | 5,807 | |||||
| Current portion of notes payable and other obligations | 18,140 | 20,734 | |||||
| Total current liabilities | 163,874 | 163,951 | |||||
| Contingent consideration, less current portion | 2,813 | 2,521 | |||||
| Other long-term liabilities | 28,760 | 34,304 | |||||
| Notes payable and other obligations, less current portion | 63,238 | 111,062 | |||||
| Deferred income tax liabilities, net | 21,097 | 25,385 | |||||
| Total liabilities | 279,782 | 337,223 | |||||
| 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, 15,559,921 and 15,414,005 shares issued and outstanding as of October 1, 2022 and January 1, 2022, respectively | 156 | 154 | |||||
| Additional paid-in capital | 467,416 | 451,754 | |||||
| Retained earnings | 214,785 | 172,812 | |||||
| Total stockholders’ equity | 682,357 | 624,720 | |||||
| Total liabilities and stockholders’ equity | $ | 962,139 | $ | 961,943 | |||
