Exponent, Inc. (EXPO) financial statements (2022 and earlier)

Company profile

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

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

12/31/2021
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 investments297,687242,526231,601208,554196,398173,722171,593
Cash and cash equivalents297,687197,525176,436127,059124,794114,967125,751
Short-term investments 45,00155,16581,49571,60458,75545,842
Receivables139,861111,565120,138105,814110,10087,40988,577
Other undisclosed current assets15,21412,74112,30512,2449,01112,91312,616
Total current assets:452,762366,832364,044326,612315,509274,044272,786
Noncurrent Assets
Operating lease, right-of-use asset14,37019,32223,003
Property, plant and equipment59,97159,82361,58746,10335,01436,71028,485
Intangible assets, net (including goodwill)8,6078,6078,6078,6078,6078,6078,607
Goodwill8,6078,6078,6078,6078,6078,6078,607
Deferred costs  75,93452,28648,67641,15336,522
Deferred income tax assets46,54640,539 
Other noncurrent assets1,5211,2429491,2381,3461,0641,651
Other undisclosed noncurrent assets99,96283,73129,28734,09030,43742,16639,456
Total noncurrent assets:230,977213,264199,367142,324124,080129,700114,721
TOTAL ASSETS:683,739580,096563,411468,936439,589403,744387,507
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities24,50416,32718,58312,28314,74110,07310,580
Accounts payable3,1933,2794,6442,5512,7843,1933,622
Accrued liabilities21,31113,04813,9399,73211,9576,8806,958
Deferred revenue19,76211,80012,710
Debt  5,944    
Deferred compensation liability9,3805,0167,9846,6416,2747,1146,418
Deferred revenue and credits8,3027,6247,802
Other undisclosed current liabilities99,33684,16578,73979,38063,79055,42555,674
Total current liabilities:152,982117,308123,96098,30493,10780,23680,474
Noncurrent Liabilities
Long-term debt and lease obligation9,80714,34318,158    
Operating lease, liability9,80714,34318,158
Liabilities, other than long-term debt103,88586,94771,04256,72357,39450,16244,229
Deferred revenue and credits1,2921,6541,994
Deferred compensation liability, classified100,99983,96168,37352,70852,77646,50340,322
Deferred rent credit   1,467
Other liabilities2,8862,9862,6692,5483,3262,0051,913
Total noncurrent liabilities:113,692101,29089,20056,72357,39450,16244,229
Total liabilities:266,674218,598213,160155,027150,501130,398124,703
Stockholders' equity
Stockholders' equity attributable to parent417,065361,498350,251313,909289,088273,346262,804
Common stock66666666333333
Treasury stock, value(340,807)(323,773)(277,658)(252,611)(223,169)(209,436)(184,499)
Additional paid in capital281,419265,328244,935227,283210,263194,632179,816
Accumulated other comprehensive loss(1,983)(1,932)(1,760)(2,853)(2,029)(3,126)(1,805)
Retained earnings478,370421,809384,668342,024303,990291,243269,259
Total stockholders' equity:417,065361,498350,251313,909289,088273,346262,804
TOTAL LIABILITIES AND EQUITY:683,739580,096563,411468,936439,589403,744387,507

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues466,269399,900417,199379,523347,799315,076312,832
Revenue, net347,799315,076312,832
Cost of revenue
(Cost of Goods and Services Sold)
    (18,135)(15,879)(17,127)
Gross profit:466,269399,900417,199379,523329,664299,197295,705
Operating expenses(357,342)(316,651)(332,088)(288,067)(275,748)(253,165)(243,899)
Other undisclosed operating income    18,13515,87917,127
Operating income:108,92783,24985,11191,45672,05161,91168,933
Nonoperating income16,91013,68719,0793,0102,6172,6592,270
Investment income, nonoperating661,7053,9122,8232,6552,4352,015
Other nonoperating income (expense)16,84411,98215,16720(19)  
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (1,149)7,8414,552(70)
Income from continuing operations before income taxes:125,83796,936104,19093,31782,50969,12271,133
Income tax expense(24,635)(14,384)(21,730)(21,063)(41,204)(21,642)(27,534)
Net income available to common stockholders, diluted:101,20282,55282,46072,25441,30547,48043,599

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:101,20282,55282,46072,25441,30547,48043,599
Other comprehensive loss      (38)
Comprehensive income:101,20282,55282,46072,25441,30547,48043,561
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(51)(172)1,093(824)1,097(1,321)(863)
Comprehensive income, net of tax, attributable to parent:101,15182,38083,55371,43042,40246,15942,698

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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