National Research Corporation (NRC) Financial Statements (2024 and earlier)

Company Profile

Business Address 1245 Q STREET
LINCOLN, NE 68508
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 8731 - Commercial Physical and Biological Research (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments25,02654,36134,69013,51712,99134,733
Cash and cash equivalents25,02654,36134,69013,51712,99134,733
Receivables15,19414,48015,15811,70812,27013,718
Prepaid expense2,3863,8842,6452,0382,9252,310
Other current assets1,1109821,6191,89422435
Other undisclosed current assets      1,463
Total current assets:43,71673,70754,11229,15728,41052,259
Noncurrent Assets
Operating lease, right-of-use asset5569751,3081,628
Property, plant and equipment17,24812,39111,72613,53014,15312,359
Intangible assets, net (including goodwill)63,22563,40458,66559,66359,93360,785
Goodwill61,61461,61457,25557,93557,83158,021
Intangible assets, net (excluding goodwill)1,6111,7901,4101,7282,1022,764
Capitalized contract cost, net2,4413,7724,5554,2043,484
Deferred income tax assets1414  
Other noncurrent assets3,2613,2773,0572,5032,0521,913
Other undisclosed noncurrent assets     (1) 
Total noncurrent assets:86,74583,83379,31181,52879,62175,057
Other undisclosed assets     1 
TOTAL ASSETS:130,461157,540133,423110,685108,032127,316
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,13617,57610,73916,37826,99414,294
Interest and dividends payable3,044 5,23917,1134,222
Taxes payable  366636 
Employee-related liabilities7,1396,4606,0865,7986,597
Accounts payable1,1531,9431,0951,279613593
Accrued liabilities3,9835,4503,1843,4082,8342,882
Deferred revenue15,19817,21315,58516,354
Debt4,4914,2784,0614,3783,8711,138
Self insurance reserve 424     
Deferred revenue and credits16,878
Contract with customer, liability16,244
Other liabilities1,0851,3211,2961,045  
Other undisclosed current liabilities7,083     
Total current liabilities:33,41740,38831,68138,15547,10932,310
Noncurrent Liabilities
Long-term debt and lease obligation17,69022,269    
Long-term debt, excluding current maturities17,69022,269    
Liabilities, other than long-term debt7,3219,54610,8809,8437,6644,965
Deferred tax liabilities, net6,2764,030
Deferred income tax liabilities5,2747,0027,2657,399
Other liabilities2,0472,5443,6152,4441,388935
Other undisclosed noncurrent liabilities   26,54729,79534,176 
Total noncurrent liabilities:25,01131,81537,42739,63841,8404,965
Total liabilities:58,42872,20369,10877,79388,94937,275
Equity
Equity, attributable to parent, including:72,03385,33764,31532,89219,08390,041
Common stock3131313030 
Treasury stock, value(78,267)(50,149)(43,727)(33,726)(29,004)(36,953)
Additional paid in capital175,453173,942171,785162,154157,31251,025
Accumulated other comprehensive loss  (2,375)(2,399)(2,209)(2,916)(1,635)
Retained earnings (accumulated deficit)(25,184)(36,112)(61,375)(93,357)(106,339)77,574
Other undisclosed equity, attributable to parent      30
Total equity:72,03385,33764,31532,89219,08390,041
TOTAL LIABILITIES AND EQUITY:130,461157,540133,423110,685108,032127,316

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues151,568147,954133,277127,982119,686117,559
Cost of revenue(61,654)(57,546)(56,692)(46,435)(47,577)(49,068)
Cost of goods and services sold(57,049)(52,350)(49,187)(46,435)(47,577)(49,068)
Gross profit:89,91490,40876,58581,54772,10968,491
Operating expenses(43,371)(40,138)(34,441)(38,512)(84,411)(83,340)
Other undisclosed operating income   533 47,57749,068
Operating income:46,54350,27042,67743,03535,27534,219
Nonoperating income (expense)(3,728)(1,649)(1,210)(2,516)(566)64
Investment income, nonoperating1681418376296
Other nonoperating income (expense)(118)4585(462)88550
Interest and debt expense(1,209)(1,667)(1,813)(2,091)(1,513)(82)
Other undisclosed income from continuing operations before equity method investments, income taxes   1,8132,0911,51382
Income from continuing operations before equity method investments, income taxes:41,60646,95441,46740,51934,70934,283
Other undisclosed income from continuing operations before income taxes1,2091,667    
Income from continuing operations before income taxes:42,81548,62141,46740,51934,70934,283
Income tax expense(11,015)(11,155)(4,207)(8,113)(4,662)(11,340)
Income from continuing operations:31,80037,46637,26032,40630,04722,943
Income before gain (loss) on sale of properties:37,46637,26032,40630,04722,943
Net income attributable to parent:31,80037,46637,26032,40630,04722,943
Other undisclosed net loss available to common stockholders, basic(16)     
Net income available to common stockholders, diluted:31,78437,46637,26032,40630,04722,943

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:31,80037,46637,26032,40630,04722,943
Comprehensive income:31,80037,46637,26032,40630,04722,943
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2,37524(190)707(1,281)991
Comprehensive income, net of tax, attributable to parent:34,17537,49037,07033,11328,76623,934

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: