CorVel Corp. (CRVL) financial statements (2022 and earlier)

Company profile

Business Address 2010 MAIN STREE
IRVINE, CA 92614
State of Incorp. DE
Fiscal Year End March 31
SIC 6411 - Insurance Agents, Brokers, and Service (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments115,538139,716 91,71355,77128,611
Cash and cash equivalents115,538139,716 91,71355,77128,611
Receivables69,54564,722 71,33664,94062,841
Prepaid expense13,4298,006 7,1767,1104,944
Deposits current assets70,16356,497 45,26835,49632,471
Total current assets:268,675268,941 215,493163,317128,867
Noncurrent Assets
Operating lease, right-of-use asset43,38745,324 
Property, plant and equipment70,88470,619 61,98069,35663,042
Intangible assets, net (including goodwill)38,59238,918 39,78940,22940,665
Goodwill36,81436,814 36,81436,81436,814
Intangible assets, net (excluding goodwill)1,7782,104 2,9753,4153,851
Deferred income tax assets1,584613 
Other noncurrent assets586345 7561,1022,809
Total noncurrent assets:155,033155,819 102,525110,687106,516
TOTAL ASSETS:423,708424,760 318,018274,004235,383
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities170,012162,460 105,44196,32387,921
Accounts payable11,82112,353  11,78713,869
Accrued liabilities158,191148,886 105,44184,53673,468
Taxes payable 1,221   584
Liability for uncertainty in income taxes    1,666 
Other undisclosed current liabilities525  11,478 2,130
Total current liabilities:170,537162,460 116,91997,98990,051
Noncurrent Liabilities
Long-term debt and lease obligation38,24441,898    
Operating lease, liability38,24441,898 
Liabilities, other than long-term debt   6,2944,8396,686
Deferred tax liabilities, net6,2944,8396,686
Other undisclosed noncurrent liabilities(38,244)(41,898)    
Total noncurrent liabilities:38,24441,898 6,2944,8396,686
Total liabilities:208,781204,358 123,213102,82896,737
Stockholders' equity
Stockholders' equity attributable to parent214,927220,402 194,805171,176138,646
Common stock33 333
Treasury stock, value(629,726)(564,435) (466,156)(430,989)(419,802)
Additional paid in capital198,984185,941 155,798143,705135,683
Retained earnings645,666598,893 505,160458,457422,762
Total stockholders' equity:214,927220,402 194,805171,176138,646
TOTAL LIABILITIES AND EQUITY:423,708424,760 318,018274,004235,383

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
Revenues582,315552,644 595,740558,350518,686
Revenue, net558,350518,686
Cost of revenue
(Cost of Goods and Services Sold)
(444,805)(429,020) (470,931)(451,097)(413,894)
Gross profit:137,510123,624 124,809107,253104,792
Operating expenses(65,968)(64,449) (63,296)(59,350)(57,243)
Operating income:71,54259,175 61,51347,90347,549
Interest and debt expense(74)(77)    
Other undisclosed loss from continuing operations before equity method investments, income taxes(77)     
Income from continuing operations before equity method investments, income taxes:71,39159,098 61,51347,90347,549
Other undisclosed income from continuing operations before income taxes15177    
Income from continuing operations before income taxes:71,54259,175 61,51347,90347,549
Income tax expense(14,043)(12,819) (14,810)(12,208)(18,070)
Net income available to common stockholders, diluted:57,49946,356 46,70335,69529,479

Comprehensive Income ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
Net income:57,49946,356 46,70335,69529,479
Comprehensive income, net of tax, attributable to parent:57,49946,356 46,70335,69529,479

Statements sources

The financial statements are based on the company's filings with the 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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