NIC Inc. (EGOV) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
25501 W. VALLEY PARKWAY OLATHE, KS 66061 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7389 - Business Services, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 235,348 | 220,351 | 217,587 | 214,380 | 209,277 | 186,535 | |||
| Cash and cash equivalents | 235,348 | 220,351 | 217,587 | 214,380 | 209,277 | 186,535 | |||
| Receivables | 139,044 | 106,537 | 101,814 | 85,399 | 106,081 | 113,116 | |||
| Other undisclosed current assets | 18,649 | 13,364 | 18,375 | 12,944 | 12,972 | 12,603 | |||
| Total current assets: | 393,041 | 340,252 | 337,776 | 312,723 | 328,330 | 312,254 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 11,293 | 10,957 | 9,901 | 10,778 | 11,667 | 11,924 | |||
| Property, plant and equipment | 10,107 | 10,656 | 10,150 | 10,091 | 10,506 | 10,956 | |||
| Intangible assets, net (including goodwill) | 27,391 | 27,902 | 28,074 | 28,363 | 28,809 | 29,160 | |||
| Goodwill | 5,965 | 5,965 | 5,965 | 5,965 | 5,965 | 5,965 | |||
| Intangible assets, net (excluding goodwill) | 21,426 | 21,937 | 22,109 | 22,398 | 22,844 | 23,195 | |||
| Other noncurrent assets | 1,608 | 1,244 | 794 | 404 | 355 | 353 | |||
| Total noncurrent assets: | 50,399 | 50,759 | 48,919 | 49,636 | 51,337 | 52,393 | |||
| TOTAL ASSETS: | 443,440 | 391,011 | 386,695 | 362,359 | 379,667 | 364,647 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 133,223 | 103,677 | 109,174 | 89,625 | 110,498 | 106,421 | |||
| Accounts payable | 79,698 | 75,896 | 88,056 | 63,685 | 84,792 | 83,708 | |||
| Accrued liabilities | 53,525 | 27,781 | 21,118 | 25,940 | 25,706 | 22,713 | |||
| Debt | 3,642 | 3,776 | 3,996 | 4,077 | |||||
| Other liabilities | 11,998 | 8,772 | 8,951 | 7,191 | 7,856 | 5,441 | |||
| Other undisclosed current liabilities | 4,110 | 3,905 | |||||||
| Total current liabilities: | 149,331 | 116,354 | 121,767 | 100,592 | 122,350 | 115,939 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 7,618 | 7,453 | 6,607 | 7,373 | 8,062 | 8,263 | |||
| Liabilities, other than long-term debt | 7,149 | 8,775 | 9,277 | 8,466 | 9,344 | 11,103 | |||
| Deferred income tax liabilities | 2,295 | 2,862 | 3,183 | 2,463 | 2,245 | 1,757 | |||
| Other liabilities | 4,854 | 5,913 | 6,094 | 6,003 | 7,099 | 9,346 | |||
| Operating lease, liability | 7,618 | 7,453 | 6,607 | 7,373 | 8,062 | 8,263 | |||
| Total noncurrent liabilities: | 14,767 | 16,228 | 15,884 | 15,839 | 17,406 | 19,366 | |||
| Total liabilities: | 164,098 | 132,582 | 137,651 | 116,431 | 139,756 | 135,305 | |||
| Equity | |||||||||
| Equity, attributable to parent | 279,342 | 258,429 | 249,044 | 245,928 | 239,911 | 229,342 | |||
| Common stock | 7 | 7 | 7 | 7 | 7 | 7 | |||
| Additional paid in capital | 127,358 | 125,404 | 123,683 | 123,208 | 121,706 | 120,204 | |||
| Retained earnings | 151,977 | 133,018 | 125,354 | 122,713 | 118,198 | 109,131 | |||
| Total equity: | 279,342 | 258,429 | 249,044 | 245,928 | 239,911 | 229,342 | |||
| TOTAL LIABILITIES AND EQUITY: | 443,440 | 391,011 | 386,695 | 362,359 | 379,667 | 364,647 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 134,590 | 93,589 | 91,119 | 87,073 | 90,385 | 91,566 | ||
| Cost of revenue | (95,967) | (66,894) | (67,731) | (85,863) | (64,261) | (65,481) | ||
| Gross profit: | 38,623 | 26,695 | 23,388 | 1,210 | 26,124 | 26,085 | ||
| Operating expenses | (8,817) | (8,316) | (8,064) | 10,533 | (8,153) | (8,356) | ||
| Operating income: | 29,806 | 18,379 | 15,324 | 11,743 | 17,971 | 17,729 | ||
| Income from continuing operations before equity method investments, income taxes: | 29,806 | 18,379 | 15,324 | 11,743 | 17,971 | 17,729 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 389 | (1,910) | 729 | 577 | ||||
| Income from continuing operations before income taxes: | 29,806 | 18,379 | 15,713 | 9,833 | 18,700 | 18,306 | ||
| Income tax expense | (4,715) | (4,583) | (3,850) | (2,390) | (4,190) | (3,846) | ||
| Income from continuing operations: | 25,091 | 13,796 | 11,863 | 7,443 | 14,510 | 14,460 | ||
| Income before gain (loss) on sale of properties: | ✕ | 25,091 | 13,796 | 11,863 | 7,443 | 14,510 | 14,460 | |
| Net income: | 25,091 | 13,796 | 11,863 | 7,443 | 14,510 | 14,460 | ||
| Other undisclosed net income attributable to parent | 2,514 | |||||||
| Net income attributable to parent: | 25,091 | 13,796 | 11,863 | 9,957 | 14,510 | 14,460 | ||
| Other undisclosed net loss available to common stockholders, basic | (266) | (146) | (129) | (103) | (156) | (160) | ||
| Net income available to common stockholders, diluted: | 24,825 | 13,650 | 11,734 | 9,854 | 14,354 | 14,300 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 25,091 | 13,796 | 11,863 | 7,443 | 14,510 | 14,460 | ||
| Comprehensive income, net of tax, attributable to parent: | 25,091 | 13,796 | 11,863 | 7,443 | 14,510 | 14,460 | ||
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.