NIC Inc. (EGOV) financial statements (2022 and earlier)

Company profile

Business Address 25501 W. VALLEY PARKWAY
OLATHE, KS 66061
State of Incorp. DE
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 214,380191,700160,777127,00998,388
Cash and cash equivalents 214,380191,700160,777127,00998,388
Restricted cash and investments     36,456
Receivables 85,39980,904103,93882,72280,362
Other undisclosed current assets 12,94413,73012,84315,03312,584
Total current assets: 312,723286,334277,558224,764227,790
Noncurrent Assets
Operating lease, right-of-use asset 10,778
Property, plant and equipment 10,09110,25610,3069,7269,333
Intangible assets, net (including goodwill) 28,36313,6045,2143,5882,267
Goodwill 5,965    
Intangible assets, net (excluding goodwill) 22,39813,6045,2143,5882,267
Other noncurrent assets 4043321,986477426
Other undisclosed noncurrent assets   6672,3071,421
Total noncurrent assets: 49,63624,19218,17316,09813,447
TOTAL ASSETS: 362,359310,526295,731240,862241,237
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 89,62584,242115,42196,647118,575
Accounts payable 63,68560,09288,92073,25261,133
Accrued liabilities 25,94024,15026,50123,39520,986
Interest and dividends payable     36,456
Debt 3,776    
Other liabilities 7,1914,8833,6733,1502,598
Total current liabilities: 100,59289,125119,09499,797121,172
Noncurrent Liabilities
Long-term debt and lease obligation 7,373    
Operating lease, liability 7,373
Liabilities, other than long-term debt 8,4668,9318,3957,1624,259
Deferred income tax liabilities 2,463
Other liabilities 6,0038,9318,3957,1624,259
Other undisclosed noncurrent liabilities  781   
Total noncurrent liabilities: 15,8399,7128,3957,1624,259
Total liabilities: 116,43198,837127,489106,959125,431
Stockholders' equity
Stockholders' equity attributable to parent 245,928211,689168,242133,903115,806
Common stock 77777
Additional paid in capital 123,208117,763111,275106,669100,929
Retained earnings 122,71393,91956,96027,22714,870
Total stockholders' equity: 245,928211,689168,242133,903115,806
TOTAL LIABILITIES AND EQUITY: 362,359310,526295,731240,862241,237

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 354,205344,900336,508317,915292,376
Cost of revenue (275,846)(212,209)(206,790)(192,970)(181,596)
Gross profit: 78,359132,691129,718124,945110,781
Operating expenses (15,940)(57,631)(51,381)(47,087)(43,486)
Operating income: 62,41975,06078,33777,85867,295
Income from continuing operations before income taxes: 62,41975,06078,33777,85867,295
Income tax expense (14,503)(17,407)(26,723)(22,024)(25,316)
Net income: 47,91657,65351,61455,83341,979
Other undisclosed net income attributable to parent 2,514616   
Net income attributable to parent: 50,43058,26951,61455,83341,979
Other undisclosed net loss available to common stockholders, basic (546)(629)(479)(492)(384)
Net income available to common stockholders, diluted: 49,88457,64051,13555,34141,594

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income: 47,91657,65351,61455,83341,979
Comprehensive income, net of tax, attributable to parent: 47,91657,65351,61455,83341,979

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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