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 2, 2021				January 2, 2021
Assets
Current assets:
Cash and cash equivalents	$	121,397			$	64,909
Billed receivables, net	129,781				142,705
Unbilled receivables, net	86,399				74,458
Prepaid expenses and other current assets	10,529				6,804
Total current assets	348,106				288,876
Property and equipment, net	29,323				27,011
Right-of-use lease assets, net	44,866				43,607
Intangible assets, net	168,497				174,931
Goodwill	366,200				343,796
Other assets	3,892				2,954
Total Assets	$	960,884			$	881,175
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$	42,272			$	39,989
Accrued liabilities	55,251				45,325
Billings in excess of costs and estimated earnings on uncompleted contracts	16,730				24,962
Client deposits	620				380
Current portion of contingent consideration	3,406				1,334
Current portion of notes payable and other obligations	17,526				24,196
Total current liabilities	135,805				136,186
Contingent consideration, less current portion	1,531				1,066
Other long-term liabilities	40,410				38,737
Notes payable and other obligations, less current portion	149,862				283,326
Deferred income tax liabilities, net	29,154				27,791
Total liabilities	356,762				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, 15,401,051 and 13,270,131 shares issued and outstanding as of October 2, 2021 and January 2, 2021, respectively	154				133
Additional paid-in capital	446,612				268,271
Retained earnings	157,356				125,665
Total stockholders’ equity	604,122				394,069
Total liabilities and stockholders’ equity	$	960,884			$	881,175