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)
Annual | Quarterly

12/31/2023
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 investments3112,3068,6182,9931,5851,842
Cash and cash equivalents3112,3068,6182,9931,5851,842
Receivables4,0093,8322,5012,3573,9771,945
Inventory, net of allowances, customer advances and progress billings23,6185,3572,9662,8272,5812,075
Inventory23,6185,3572,9662,8272,5812,075
Prepaid expense     771823
Contract with customer, asset, after allowance for credit loss  662422176 ✕
Derivative instruments and hedges, assets     28
Other undisclosed current assets1,8861,224579651306 
Total current assets:29,82413,38215,0859,0049,2206,713
Noncurrent Assets
Operating lease, right-of-use asset1,3411,1541,2121,558✕✕
Property, plant and equipment106,19281,14970,47968,05964,50841,950
Intangible assets, net (including goodwill)66,26668,21971,54273,98877,31256,063
Goodwill49,90349,90349,90349,90349,90339,805
Intangible assets, net (excluding goodwill)16,36318,31621,63924,08527,40916,257
Other noncurrent assets461422299183  
Other undisclosed noncurrent assets13,23110,4189,9609,4549,1927,574
Total noncurrent assets:187,491161,362153,492153,242151,012105,586
TOTAL ASSETS:217,315174,744168,577162,245160,231112,300
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11,5996,2614,9216,3286,3745,152
Taxes payable✕✕260259962229843
Employee-related liabilities✕✕2,1222,2472,5122,3161,826
Accounts payable7,0123,2441,6051,8073,0612,079
Accrued liabilities4,5876348111,046768404
Debt      
Deferred compensation liability63643203115557
Other undisclosed current liabilities  4,5126,7884,5124,5123,316
Total current liabilities:11,66210,83712,03011,15110,9418,525
Noncurrent Liabilities
Long-term debt and lease obligation78,55243,11547,16151,072  
Long-term debt, excluding current maturities78,55243,11547,16151,072  
Liabilities, other than long-term debt24,51922,14221,76519,26517,35711,145
Accounts payable and accrued liabilities     235194
Deferred compensation liability, classified     574632
Deferred tax liabilities, net✕✕✕✕✕16,14110,319
Other liabilities24,51922,14221,76519,265  
Derivative instruments and hedges, liabilities     407 
Other undisclosed noncurrent liabilities     254158
Total noncurrent liabilities:103,07165,25768,92670,33717,61111,303
Total liabilities:114,73376,09480,95681,48728,55219,828
Equity
Equity, attributable to parent, including:102,58298,65187,62180,75874,59568,449
Common stock8,4898,6838,6688,6498,6258,600
Accumulated other comprehensive income (loss)1,582(631)(1,945)(186)(291)20
Retained earnings92,43190,33980,74872,10666,18159,815
Other undisclosed equity, attributable to parent 802601491898014
Total equity:102,58298,65187,62180,75874,59568,449
Other undisclosed liabilities and equity     57,08424,022
TOTAL LIABILITIES AND EQUITY:217,315174,744168,577162,245160,231112,300

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues65,71465,83864,91164,94156,68346,889
Revenue, net✕✕✕✕✕✕46,889
Cost of revenue(29,487)(28,587)(27,529)(27,443)(23,838)(20,305)
Cost of goods and services sold(14,604)(13,084)(12,143)(12,121)(10,343)(8,070)
Gross profit:36,22837,25137,38237,49832,84526,584
Operating expenses(24,718)(23,364)(22,364)(23,424)(20,494)(17,124)
Operating income:11,51013,88715,01814,07412,3519,460
Nonoperating income (expense)(1,615)2,097(1,121)(2,434)(1,148)(309)
Investment income, nonoperating47918225870680435
Interest and debt expense(3,486)(2,128)(2,505)(3,405)(2,281)(1,192)
Income (loss) from continuing operations before equity method investments, income taxes:6,41013,85511,3928,2348,9217,959
Other undisclosed income from continuing operations before income taxes3,4862,1282,5053,4052,2811,192
Income (loss) from continuing operations before income taxes:9,89515,98413,89711,63911,2029,151
Income tax expense (benefit)(2,699)(3,732)(4,061)(3,309)(3,438)803
Income (loss) from continuing operations:7,19712,2529,8368,3307,7649,954
Income before gain (loss) on sale of properties:✕✕12,2529,8368,3307,7649,954
Net income (loss) available to common stockholders, diluted:7,19712,2529,8368,3307,7649,954

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):7,19712,2529,8368,3307,7649,954
Other comprehensive income (loss)2,2141,313(1,758)105(311)34
Comprehensive income (loss), net of tax, attributable to parent:9,41013,5658,0778,4357,4539,988

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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