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)
| July 3, 2021 | January 2, 2021 | ||||||
| Assets | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 113,023 | $ | 64,909 | |||
| Billed receivables, net | 109,122 | 142,705 | |||||
| Unbilled receivables, net | 83,586 | 74,458 | |||||
| Prepaid expenses and other current assets | 11,013 | 6,804 | |||||
| Total current assets | 316,744 | 288,876 | |||||
| Property and equipment, net | 29,444 | 27,011 | |||||
| Right-of-use lease assets, net | 44,196 | 43,607 | |||||
| Intangible assets, net | 175,093 | 174,931 | |||||
| Goodwill | 364,562 | 343,796 | |||||
| Other assets | 3,364 | 2,954 | |||||
| Total Assets | $ | 933,403 | $ | 881,175 | |||
| Liabilities and Stockholders’ Equity | |||||||
| Current liabilities: | |||||||
| Accounts payable | $ | 38,446 | $ | 39,989 | |||
| Accrued liabilities | 47,319 | 45,325 | |||||
| Billings in excess of costs and estimated earnings on uncompleted contracts | 16,805 | 24,962 | |||||
| Client deposits | 706 | 380 | |||||
| Current portion of contingent consideration | 3,933 | 1,334 | |||||
| Current portion of notes payable and other obligations | 26,989 | 24,196 | |||||
| Total current liabilities | 134,198 | 136,186 | |||||
| Contingent consideration, less current portion | 1,374 | 1,066 | |||||
| Other long-term liabilities | 39,762 | 38,737 | |||||
| Notes payable and other obligations, less current portion | 142,347 | 283,326 | |||||
| Deferred income tax liabilities, net | 29,736 | 27,791 | |||||
| Total liabilities | 347,417 | 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, 15,365,382 and 13,270,131 shares issued and outstanding as of July 3, 2021 and January 2, 2021, respectively | 154 | 133 | |||||
| Additional paid-in capital | 441,049 | 268,271 | |||||
| Retained earnings | 144,783 | 125,665 | |||||
| Total stockholders’ equity | 585,986 | 394,069 | |||||
| Total liabilities and stockholders’ equity | $ | 933,403 | $ | 881,175 | |||
