Inovalon Holdings, Inc. (INOV) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
4321 COLLINGTON ROAD BOWIE, MD 20716 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 117,915 | 128,630 | 123,880 | 120,096 | 95,611 | 182,875 | |||
| Cash and cash equivalents | 117,915 | 128,630 | 123,880 | 120,096 | 95,611 | 182,875 | |||
| Receivables | 188,404 | 171,611 | 172,667 | 144,554 | 139,284 | 137,162 | |||
| Other undisclosed current assets | 36,440 | 29,977 | 26,529 | 23,196 | 22,956 | 24,606 | |||
| Total current assets: | 342,759 | 330,218 | 323,076 | 287,846 | 257,851 | 344,643 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 32,557 | 34,279 | 35,355 | 37,164 | 32,998 | 42,894 | |||
| Property, plant and equipment | 175,423 | 173,283 | 160,520 | 159,193 | 146,798 | ||||
| Intangible assets, net (including goodwill) | 1,389,500 | 1,396,156 | 1,408,439 | 1,410,695 | 1,421,941 | 1,436,787 | |||
| Goodwill | 955,881 | 955,881 | 955,881 | 955,881 | 955,881 | 955,881 | |||
| Intangible assets, net (excluding goodwill) | 433,619 | 440,275 | 452,558 | 454,814 | 466,060 | 480,906 | |||
| Other noncurrent assets | 35,364 | 32,060 | 36,415 | 29,451 | 28,293 | 25,750 | |||
| Other undisclosed noncurrent assets | 168,113 | ||||||||
| Total noncurrent assets: | 1,632,844 | 1,635,778 | 1,648,322 | 1,637,830 | 1,642,425 | 1,652,229 | |||
| TOTAL ASSETS: | 1,975,603 | 1,965,996 | 1,971,398 | 1,925,676 | 1,900,276 | 1,996,872 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 79,522 | 74,227 | 93,858 | 73,470 | 64,578 | 51,819 | |||
| Employee-related liabilities | 32,307 | 26,743 | 40,860 | 36,820 | 28,410 | 19,872 | |||
| Accounts payable | 47,215 | 47,484 | 52,998 | 36,650 | 36,168 | 31,947 | |||
| Deferred revenue | 11,212 | 15,517 | 12,306 | 15,042 | 17,663 | ||||
| Debt | 13,310 | 13,821 | 13,763 | 14,125 | 14,013 | 20,485 | |||
| Other liabilities | 42,641 | 42,178 | 39,835 | 41,777 | 36,911 | 28,676 | |||
| Other undisclosed current liabilities | 6,910 | 6,547 | 16,822 | 5,878 | 6,288 | ||||
| Total current liabilities: | 153,595 | 152,290 | 164,278 | 147,556 | 136,832 | 118,643 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 937,974 | 941,032 | 944,140 | 945,889 | 942,470 | 1,041,272 | |||
| Long-term debt, excluding current maturities | 874,918 | 876,241 | 877,574 | 878,918 | 880,273 | 980,639 | |||
| Finance lease, liability | 23,798 | 24,582 | 25,759 | 26,461 | 26,715 | 11,600 | |||
| Liabilities, other than long-term debt | 138,525 | 142,953 | 154,266 | 150,828 | 149,438 | 170,216 | |||
| Deferred income tax liabilities | 100,516 | 102,801 | 99,916 | 92,180 | 82,862 | 86,150 | |||
| Other liabilities | 38,009 | 40,152 | 54,350 | 58,648 | 66,576 | 84,066 | |||
| Operating lease, liability | 39,258 | 40,209 | 40,807 | 40,510 | 35,482 | 49,033 | |||
| Total noncurrent liabilities: | 1,076,499 | 1,083,985 | 1,098,406 | 1,096,717 | 1,091,908 | 1,211,488 | |||
| Total liabilities: | 1,230,094 | 1,236,275 | 1,262,684 | 1,244,273 | 1,228,740 | 1,330,131 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 745,509 | 729,721 | 708,714 | 681,403 | 671,536 | 666,741 | |||
| Treasury stock, value | (199,817) | (199,817) | (199,817) | (199,817) | (199,817) | (199,817) | |||
| Additional paid in capital | 662,727 | 657,852 | 655,444 | 652,347 | 646,455 | 640,861 | |||
| Accumulated other comprehensive loss | (37,028) | (38,361) | (47,804) | (50,605) | (53,756) | (50,932) | |||
| Retained earnings | 319,626 | 310,046 | 300,890 | 279,477 | 278,653 | 276,628 | |||
| Other undisclosed equity, attributable to parent | 1 | 1 | 1 | 1 | 1 | 1 | |||
| Total equity: | 745,509 | 729,721 | 708,714 | 681,403 | 671,536 | 666,741 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,975,603 | 1,965,996 | 1,971,398 | 1,925,676 | 1,900,276 | 1,996,872 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 190,439 | 177,176 | 189,745 | 161,377 | 162,215 | 154,187 | ||
| Cost of revenue | (51,665) | (44,397) | (50,459) | (39,561) | (36,761) | (41,043) | ||
| Gross profit: | 138,774 | 132,779 | 139,286 | 121,816 | 125,454 | 113,144 | ||
| Operating expenses | (84,626) | (81,018) | (80,078) | (77,704) | (79,137) | (76,146) | ||
| Other undisclosed operating loss | (29,910) | (28,431) | (28,176) | (28,183) | (30,632) | (27,934) | ||
| Operating income: | 24,238 | 23,330 | 31,032 | 15,929 | 15,685 | 9,064 | ||
| Nonoperating expense (Other Nonoperating expense) | (38) | (2) | (49) | (332) | (148) | (22) | ||
| Interest and debt expense | (12,864) | (13,128) | (13,709) | (13,648) | (14,260) | (14,560) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 51 | 46 | 43 | 50 | 96 | 290 | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 11,387 | 10,246 | 17,317 | 1,999 | 1,373 | (5,228) | ||
| Other undisclosed income from continuing operations before income taxes | ||||||||
| Income (loss) from continuing operations before income taxes: | 11,387 | 10,246 | 17,317 | 1,999 | 1,373 | (5,228) | ||
| Income tax expense (benefit) | (1,807) | (1,090) | 4,096 | (1,175) | 652 | 3,545 | ||
| Income (loss) from continuing operations: | 9,580 | 9,156 | 21,413 | 824 | 2,025 | (1,683) | ||
| Income (loss) before gain (loss) on sale of properties: | 9,580 | 9,156 | 21,413 | 824 | 2,025 | (1,683) | ||
| Net income (loss) attributable to parent: | 9,580 | 9,156 | 21,413 | 824 | 2,025 | (1,683) | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (247) | (246) | (637) | (24) | (61) | |||
| Net income (loss) available to common stockholders, diluted: | 9,333 | 8,910 | 20,776 | 800 | 1,964 | (1,683) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 9,580 | 9,156 | 21,413 | 824 | 2,025 | (1,683) | ||
| Other comprehensive income (loss) | 1,333 | 9,443 | 3,151 | (2,824) | (24,200) | |||
| Other undisclosed comprehensive loss | (21,072) | |||||||
| Comprehensive income (loss): | 10,913 | 18,599 | 341 | 3,975 | (799) | (25,883) | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 23,873 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 10,913 | 18,599 | 24,214 | 3,975 | (799) | (25,883) | ||
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.