Exponent, Inc. (EXPO) Financial Statements (2024 and earlier)

Company Profile

Business Address EXPONENT INC
MENLO PARK, CA 94025
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 8742 - Management Consulting Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
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 investments161,458297,687242,526231,601208,554196,398
Cash and cash equivalents161,458297,687197,525176,436127,059124,794
Short-term investments   45,00155,16581,49571,604
Receivables170,114139,861111,565120,138105,814110,100
Other undisclosed current assets17,58515,21412,74112,30512,2449,011
Total current assets:349,157452,762366,832364,044326,612315,509
Noncurrent Assets
Operating lease, right-of-use asset18,00714,37019,32223,003
Property, plant and equipment65,53959,97159,82361,58746,10335,014
Intangible assets, net (including goodwill)8,6078,6078,6078,6078,6078,607
Goodwill8,6078,6078,6078,6078,6078,607
Deferred costs    75,93452,28648,676
Deferred income tax assets53,90946,54640,539 
Other noncurrent assets2,0061,5211,2429491,2381,346
Other undisclosed noncurrent assets89,43799,96283,73129,28734,09030,437
Total noncurrent assets:237,505230,977213,264199,367142,324124,080
TOTAL ASSETS:586,662683,739580,096563,411468,936439,589
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities29,11524,50416,32718,58312,28314,741
Accounts payable 8,6423,1933,2794,6442,5512,784
Accrued liabilities20,47321,31113,04813,9399,73211,957
Other undisclosed accounts payable and accrued liabilities      
Deferred revenue18,83419,76211,80012,710
Debt    5,944  
Deferred compensation liability 10,1719,3805,0167,9846,6416,274
Deferred revenue and credits8,302
Other undisclosed current liabilities100,90999,33684,16578,73979,38063,790
Total current liabilities:159,029152,982117,308123,96098,30493,107
Noncurrent Liabilities
Long-term debt and lease obligation:  9,80714,34318,158  
Liabilities, other than long-term debt106,881103,88586,94771,04256,72357,394
Deferred revenue and credits1,292
Deferred compensation liability, classified91,183100,99983,96168,37352,70852,776
Deferred rent credit     1,467
Other liabilities2,3552,8862,9862,6692,5483,326
Operating lease, liability13,3439,80714,34318,158
Total noncurrent liabilities:106,881113,692101,29089,20056,72357,394
Total liabilities:265,910266,674218,598213,160155,027150,501
Equity
Equity, attributable to parent320,752417,065361,498350,251313,909289,088
Common stock666666666633
Treasury stock, value(505,539)(340,807)(323,773)(277,658)(252,611)(223,169)
Additional paid in capital301,002281,419265,328244,935227,283210,263
Accumulated other comprehensive loss(3,587)(1,983)(1,932)(1,760)(2,853)(2,029)
Retained earnings528,810478,370421,809384,668342,024303,990
Total equity:320,752417,065361,498350,251313,909289,088
TOTAL LIABILITIES AND EQUITY:586,662683,739580,096563,411468,936439,589

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues513,293466,269399,900417,199379,523347,799
Revenue, net347,799
Cost of revenue
(Cost of Goods and Services Sold)
      (18,135)
Gross profit:513,293466,269399,900417,199379,523329,664
Operating expenses(372,451)(357,342)(316,651)(332,088)(288,067)(275,748)
Other undisclosed operating income      18,135
Operating income:140,842108,92783,24985,11191,45672,051
Nonoperating income (expense)(8,608)16,91013,68719,0793,0102,617
Investment income, nonoperating2,096661,7053,9122,8232,655
Other nonoperating income (expense)(10,704)16,84411,98215,16720(19)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     (1,149)7,841
Income from continuing operations before income taxes:132,234125,83796,936104,19093,31782,509
Income tax expense(29,904)(24,635)(14,384)(21,730)(21,063)(41,204)
Income from continuing operations:102,330101,20282,55282,46072,25441,305
Income before gain (loss) on sale of properties:101,20282,55282,46072,25441,305
Net income available to common stockholders, diluted:102,330101,20282,55282,46072,25441,305

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:102,330101,20282,55282,46072,25441,305
Comprehensive income:102,330101,20282,55282,46072,25441,305
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,604)(51)(172)1,093(824)1,097
Comprehensive income, net of tax, attributable to parent:100,726101,15182,38083,55371,43042,402

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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