Bowman Consulting Group Ltd. (BWMN) Financial Statements (2024 and earlier)

Company Profile

Business Address 12355 SUNRISE VALLEY DRIVE
RESTON, VA 20191
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 8742 - Management Consulting Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13,28220,619
Cash and cash equivalents13,28220,619
Receivables64,44338,491
Contract with customer, asset, after allowance for credit loss16,3219,189
Other undisclosed current assets8,0846,110
Total current assets:102,13074,409
Noncurrent Assets
Operating lease, right-of-use asset30,264 
Property, plant and equipment  20,202
Long-term investments and receivables903903
Accounts and financing receivable, after allowance for credit loss903903
Intangible assets, net (including goodwill)53,21028,471
Goodwill53,21028,471
Deferred income tax assets13,759 
Other noncurrent assets1,020681
Other undisclosed noncurrent assets54,47113,504
Total noncurrent assets:153,62763,761
TOTAL ASSETS:255,757138,170
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:40,29317,921
Accrued liabilities239 
Other undisclosed accounts payable and accrued liabilities40,05417,921
Deferred revenue6,3704,623
Debt15,4654,450
Deferred rent credit  724
Other undisclosed current liabilities6,9495,136
Total current liabilities:69,07732,854
Noncurrent Liabilities
Long-term debt and lease obligation30,5308,407
Long-term debt, excluding current maturities16,2768,407
Finance lease, liability14,254 
Liabilities, other than long-term debt33,2918,469
Deferred rent credit  4,179
Deferred income tax liabilities  4,290
Liability, pension and other postretirement and postemployment benefits4,848 
Other liabilities356 
Operating lease, liability28,087 
Other undisclosed noncurrent liabilities  10,027
Total noncurrent liabilities:63,82126,903
Total liabilities:132,89859,757
Equity
Equity, attributable to parent122,85978,413
Common stock159137
Treasury stock, value(20,831)(17,488)
Common stock, share subscribed but unissued, subscriptions receivable(173)(277)
Additional paid in capital162,922120,842
Accumulated other comprehensive income578 
Accumulated deficit(19,796)(24,801)
Total equity:122,85978,413
TOTAL LIABILITIES AND EQUITY:255,757138,170

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
Revenues261,714149,970
Cost of revenue(126,586)(74,532)
Cost of goods and services sold(100,076)(59,416)
Gross profit:135,12875,438
Operating expenses(130,008)(75,278)
Operating income (loss):5,120160
Nonoperating expense
(Other Nonoperating expense)
(3,384)(1,440)
Interest and debt expense(1,247) 
Income (loss) from continuing operations before equity method investments, income taxes:489(1,280)
Other undisclosed income from continuing operations before income taxes1,247 
Income (loss) from continuing operations before income taxes:1,736(1,280)
Income tax expense (benefit)3,2691,579
Income (loss) from continuing operations:5,005299
Income before gain (loss) on sale of properties:299
Net income (loss) attributable to parent:5,005299
Undistributed earnings (loss) allocated to participating securities, basic (783) 
Other undisclosed net loss available to common stockholders, basic  (56)
Net income (loss) available to common stockholders, diluted:4,222243

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
Net income (loss):5,005299
Other comprehensive income 777 
Comprehensive income (loss):5,782299
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(199) 
Comprehensive income (loss), net of tax, attributable to parent:5,583299

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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