Nuvera Communications, Inc. (NUVR) Financial Statements (2024 and earlier)

Company Profile

Business Address 27 NORTH MINNESOTA ST.
NEW ULM, MN 56073
State of Incorp. MN
Fiscal Year End December 31
Industry (SIC) 4813 - Telephone Communications, Except Radiotelephone (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,2603112,3068,6182,9931,585
Cash and cash equivalents1,2603112,3068,6182,9931,585
Receivables3,4124,0093,8322,5012,3573,977
Inventory, net of allowances, customer advances and progress billings34,43923,6185,3572,9662,8272,581
Inventory34,43923,6185,3572,9662,8272,581
Prepaid expense      771
Contract with customer, asset, after allowance for credit loss   662422176 
Derivative instruments and hedges, assets1,343     
Other undisclosed current assets9031,8861,224579651306
Total current assets:41,35629,82413,38215,0859,0049,220
Noncurrent Assets
Operating lease, right-of-use asset1,3481,3411,1541,2121,558
Property, plant and equipment155,551106,19281,14970,47968,05964,508
Intangible assets, net (including goodwill)55,09266,26668,21971,54273,98877,312
Goodwill40,60349,90349,90349,90349,90349,903
Intangible assets, net (excluding goodwill)14,48916,36318,31621,63924,08527,409
Other noncurrent assets884461422299183 
Other undisclosed noncurrent assets9,66513,23110,4189,9609,4549,192
Total noncurrent assets:222,540187,491161,362153,492153,242151,012
TOTAL ASSETS:263,895217,315174,744168,577162,245160,231
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities16,25911,5996,2614,9216,3286,374
Taxes payable260259962229
Employee-related liabilities2,1222,2472,5122,316
Accounts payable12,8037,0123,2441,6051,8073,061
Accrued liabilities3,4564,5876348111,046768
Debt 2,271     
Deferred compensation liability46636432031155
Other undisclosed current liabilities   4,5126,7884,5124,512
Total current liabilities:18,57611,66210,83712,03011,15110,941
Noncurrent Liabilities
Long-term debt and lease obligation122,89278,55243,11547,16151,072 
Long-term debt, excluding current maturities122,89278,55243,11547,16151,072 
Liabilities, other than long-term debt24,42224,51922,14221,76519,26517,357
Accounts payable and accrued liabilities      235
Deferred compensation liability, classified      574
Deferred tax liabilities, net16,141
Other liabilities24,42224,51922,14221,76519,265 
Derivative instruments and hedges, liabilities      407
Other undisclosed noncurrent liabilities      254
Total noncurrent liabilities:147,313103,07165,25768,92670,33717,611
Total liabilities:165,889114,73376,09480,95681,48728,552
Equity
Equity, attributable to parent, including:98,006102,58298,65187,62180,75874,595
Common stock8,5558,4898,6838,6688,6498,625
Accumulated other comprehensive income (loss)9591,582(631)(1,945)(186)(291)
Retained earnings88,49192,43190,33980,74872,10666,181
Other undisclosed equity, attributable to parent  8026014918980
Total equity:98,006102,58298,65187,62180,75874,595
Other undisclosed liabilities and equity      57,084
TOTAL LIABILITIES AND EQUITY:263,895217,315174,744168,577162,245160,231

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues65,79265,71465,83864,91164,94156,683
Cost of revenue(21,000)(29,487)(28,587)(27,529)(27,443)(23,838)
Cost of goods and services sold(15,440)(14,604)(13,084)(12,143)(12,121)(10,343)
Gross profit:44,79236,22837,25137,38237,49832,845
Operating expenses(35,557)(24,718)(23,364)(22,364)(23,424)(20,494)
Operating income:9,23511,51013,88715,01814,07412,351
Nonoperating income (expense)(10,134)(1,615)2,097(1,121)(2,434)(1,148)
Investment income, nonoperating18147918225870680
Interest and debt expense(6,817)(3,486)(2,128)(2,505)(3,405)(2,281)
Income (loss) from continuing operations before equity method investments, income taxes:(7,716)6,41013,85511,3928,2348,921
Other undisclosed income from continuing operations before income taxes6,8173,4862,1282,5053,4052,281
Income (loss) from continuing operations before income taxes:(899)9,89515,98413,89711,63911,202
Income tax expense(2,316)(2,699)(3,732)(4,061)(3,309)(3,438)
Income (loss) from continuing operations:(3,215)7,19712,2529,8368,3307,764
Income before gain (loss) on sale of properties:12,2529,8368,3307,764
Net income (loss) available to common stockholders, diluted:(3,215)7,19712,2529,8368,3307,764

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(3,215)7,19712,2529,8368,3307,764
Other comprehensive income (loss)(623)2,2141,313(1,758)105(311)
Comprehensive income (loss), net of tax, attributable to parent:(3,838)9,41013,5658,0778,4357,453

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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