Willdan Group Inc. (WLDN) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
2401 EAST KATELLA AVENUE, SUITE 300 ANAHEIM, CA 92806 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 8711 - Engineering Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 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 investments | 23,397 | 8,806 | 11,221 | 28,405 | 5,452 | 15,259 | |||
| Cash and cash equivalents | 23,397 | 8,806 | 11,221 | 28,405 | 5,452 | 15,259 | |||
| Restricted cash and investments | 10,679 | ||||||||
| Receivables | 70,846 | 64,975 | 67,211 | 60,403 | 57,504 | 61,346 | |||
| Contract with customer, asset, after allowance for credit loss | 59,288 | 62,426 | 101,418 | 51,851 | |||||
| Derivative instruments and hedges, assets | 46 | ||||||||
| Other undisclosed current assets | 97,727 | 89,514 | 11,239 | 11,969 | 11,099 | 7,638 | |||
| Total current assets: | 192,016 | 173,974 | 148,959 | 163,203 | 175,473 | 136,094 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 2,302 | 2,673 | ✕ | ||||||
| Operating lease, right-of-use asset | 12,465 | 12,390 | 15,177 | 20,130 | 22,297 | ✕ | |||
| Property, plant and equipment | 16,757 | 12,506 | 12,051 | 7,998 | |||||
| Long-term investments and receivables | 9,583 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | 9,583 | ||||||||
| Intangible assets, net (including goodwill) | 163,100 | 171,610 | 182,837 | 194,380 | 204,484 | 142,112 | |||
| Goodwill | 131,144 | 130,124 | 130,124 | 130,124 | 127,647 | 97,748 | |||
| Intangible assets, net (excluding goodwill) | 31,956 | 41,486 | 52,713 | 64,256 | 76,837 | 44,364 | |||
| Contract with customer, asset, after allowance for credit loss | 2,849 | ||||||||
| Deferred income tax assets | 15,961 | 18,543 | 16,849 | 14,111 | 9,312 | ✕ | |||
| Other noncurrent assets | 4,949 | 10,620 | 13,843 | 5,993 | 16,296 | 3,311 | |||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 12,321 | ||
| Other undisclosed noncurrent assets | 21,946 | 10,281 | |||||||
| Total noncurrent assets: | 223,572 | 235,700 | 245,463 | 247,120 | 264,440 | 165,742 | |||
| TOTAL ASSETS: | 415,588 | 409,674 | 394,422 | 410,323 | 439,913 | 301,836 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 87,322 | 87,943 | 72,352 | 83,126 | 101,615 | 74,230 | |||
| Accounts payable | 33,193 | 28,833 | 36,672 | 41,372 | 34,000 | 36,829 | |||
| Accrued liabilities | 54,129 | 59,110 | 35,680 | 41,754 | 67,615 | 37,401 | |||
| Deferred revenue | 13,183 | 12,585 | 13,499 | 7,434 | 5,563 | ✕ | |||
| Debt | 9,638 | 18,016 | 15,575 | 15,244 | 19,645 | 8,892 | |||
| Derivative instruments and hedges, liabilities | |||||||||
| Business combination, contingent consideration, liability | 4,000 | 10,206 | 12,321 | 5,155 | 3,113 | ||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 5,075 | ||
| Other undisclosed current liabilities | 4,537 | 4,625 | 5,575 | 5,844 | |||||
| Total current liabilities: | 114,680 | 127,169 | 117,207 | 123,969 | 131,978 | 91,310 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,184 | 92,145 | 97,084 | 114,063 | 135,233 | 63,363 | |||
| Long-term debt, excluding current maturities | 90,544 | 85,538 | 98,178 | 116,631 | 63,139 | ||||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 224 | ||
| Finance lease, liability | 1,184 | 1,601 | 778 | 236 | 191 | ✕ | |||
| Liabilities, other than long-term debt | 10,900 | 8,858 | 910 | 3,127 | 5,424 | 2,874 | |||
| Deferred rent credit | 724 | ||||||||
| Other liabilities | 1,142 | 259 | 78 | 128 | 533 | 534 | |||
| Operating lease, liability | 9,758 | 8,599 | 10,768 | 15,649 | 18,411 | ✕ | |||
| Business combination, contingent consideration, liability | 832 | 2,999 | 4,891 | 1,616 | |||||
| Derivative instruments and hedges, liabilities | |||||||||
| Other undisclosed noncurrent liabilities | 88,979 | ||||||||
| Total noncurrent liabilities: | 101,063 | 101,003 | 97,994 | 117,190 | 140,657 | 66,237 | |||
| Total liabilities: | 215,743 | 228,172 | 215,201 | 241,159 | 272,635 | 157,547 | |||
| Equity | |||||||||
| Equity, attributable to parent | 199,845 | 181,502 | 179,221 | 169,164 | 167,278 | 144,289 | |||
| Common stock | 137 | 133 | 128 | 122 | 115 | 110 | |||
| Additional paid in capital | 185,795 | 177,718 | 167,032 | 149,014 | 132,547 | 114,008 | |||
| Accumulated other comprehensive loss | (664) | (38) | (488) | (396) | |||||
| Retained earnings | 14,577 | 3,651 | 12,099 | 20,516 | 35,012 | 30,171 | |||
| Total equity: | 199,845 | 181,502 | 179,221 | 169,164 | 167,278 | 144,289 | |||
| TOTAL LIABILITIES AND EQUITY: | 415,588 | 409,674 | 394,422 | 410,323 | 439,913 | 301,836 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 510,095 | 429,138 | 353,755 | 390,980 | 443,099 | 272,252 | ||
| Cost of revenue | (330,328) | (285,559) | (217,881) | (261,587) | (308,126) | (179,281) | ||
| Cost of goods and services sold | (89,915) | (82,972) | (65,648) | (65,149) | (64,485) | (46,588) | ||
| Gross profit: | 179,767 | 143,579 | 135,874 | 129,393 | 134,973 | 92,971 | ||
| Operating expenses | (157,693) | (150,642) | (144,565) | (145,620) | (125,610) | (80,200) | ||
| Operating income (loss): | 22,074 | (7,063) | (8,691) | (16,227) | 9,363 | 12,771 | ||
| Nonoperating expense | (7,483) | (4,389) | (3,713) | (3,442) | (4,707) | (610) | ||
| Other nonoperating income | 1,930 | 939 | 156 | 1,626 | 193 | 90 | ||
| Interest and debt expense | (105) | (76) | (3,869) | (5,068) | (4,900) | (700) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 14,486 | (11,528) | (16,273) | (24,737) | (244) | 11,461 | ||
| Other undisclosed income from continuing operations before income taxes | 105 | 76 | 3,869 | 5,068 | 4,900 | 700 | ||
| Income (loss) from continuing operations before income taxes: | 14,591 | (11,452) | (12,404) | (19,669) | 4,656 | 12,161 | ||
| Income tax expense (benefit) | (3,665) | 3,004 | 3,987 | 5,173 | 185 | (2,131) | ||
| Income (loss) from continuing operations: | 10,926 | (8,448) | (8,417) | (14,496) | 4,841 | 10,030 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (8,417) | (14,496) | 4,841 | 10,030 | |
| Net income (loss) available to common stockholders, diluted: | 10,926 | (8,448) | (8,417) | (14,496) | 4,841 | 10,030 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 10,926 | (8,448) | (8,417) | (14,496) | 4,841 | 10,030 | ||
| Other comprehensive income (loss) | (664) | 38 | ||||||
| Other undisclosed comprehensive income (loss) | 450 | (92) | (396) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 10,262 | (8,410) | (7,967) | (14,588) | 4,445 | 10,030 | ||
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.