Inovalon Holdings, Inc. (INOV) Financial Statements (2024 and earlier)
Company Profile
Business Address |
4321 COLLINGTON ROAD BOWIE, MD 20716 |
State of Incorp. | DE |
Fiscal Year End | December 31 |
Industry (SIC) | 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
9/30/2021 MRQ | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 123,880 | 93,094 | 122,591 | 476,232 | 572,998 | 728,164 | |||
Cash and cash equivalents | 123,880 | 93,094 | 115,591 | 208,944 | 127,683 | 114,034 | |||
Short-term investments | 7,000 | 267,288 | 445,315 | 614,130 | |||||
Receivables | 172,667 | 144,002 | 135,235 | 102,041 | 100,756 | 99,682 | |||
Other undisclosed current assets | 26,529 | 20,141 | 14,301 | 10,441 | 12,100 | 16,162 | |||
Total current assets: | 323,076 | 257,237 | 272,127 | 588,714 | 685,854 | 844,008 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 35,355 | 45,053 | ✕ | ✕ | ✕ | ✕ | |||
Property, plant and equipment | 147,741 | 141,758 | 125,768 | 76,420 | 65,031 | ||||
Intangible assets, net (including goodwill) | 1,408,439 | 1,438,922 | 1,491,372 | 274,258 | 288,106 | 199,588 | |||
Goodwill | 955,881 | 955,881 | 956,029 | 184,932 | 184,557 | 137,733 | |||
Intangible assets, net (excluding goodwill) | 452,558 | 483,041 | 535,343 | 89,326 | 103,549 | 61,855 | |||
Other noncurrent assets | 36,415 | 19,681 | 16,158 | 6,338 | 2,964 | 4,250 | |||
Other undisclosed noncurrent assets | 168,113 | ||||||||
Total noncurrent assets: | 1,648,322 | 1,651,397 | 1,649,288 | 406,364 | 367,490 | 268,869 | |||
TOTAL ASSETS: | 1,971,398 | 1,908,634 | 1,921,415 | 995,078 | 1,053,344 | 1,112,877 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 93,858 | 69,980 | 56,593 | 52,701 | 31,685 | 34,674 | |||
Employee-related liabilities | 40,860 | 35,135 | 25,298 | 18,592 | 15,211 | 13,538 | |||
Accounts payable | 52,998 | 34,845 | 31,295 | 34,109 | 16,474 | 21,136 | |||
Deferred revenue | 13,664 | ✕ | ✕ | ✕ | ✕ | ||||
Debt | 13,763 | 20,418 | 12,705 | 45,336 | 30,115 | 15,109 | |||
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 6,954 | 11,850 | 5,507 | ||
Contract with customer, liability | ✕ | ✕ | ✕ | 20,628 | ✕ | ✕ | ✕ | ||
Other liabilities | 39,835 | 26,298 | 50,765 | 15,277 | 9,468 | 11,444 | |||
Other undisclosed current liabilities | 16,822 | 619 | 1,818 | 1,016 | 797 | ||||
Total current liabilities: | 164,278 | 130,360 | 141,310 | 122,086 | 84,134 | 67,531 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 944,140 | 945,893 | 953,441 | 203,359 | 236,465 | 266,546 | |||
Long-term debt, excluding current maturities | 877,574 | 883,937 | 939,514 | 191,250 | 236,250 | 266,250 | |||
Capital lease obligations | ✕ | ✕ | ✕ | 13,927 | 12,109 | 215 | 296 | ||
Finance lease, liability | 25,759 | 12,266 | ✕ | ✕ | ✕ | ✕ | |||
Liabilities, other than long-term debt | 154,266 | 144,222 | 30,220 | 26,642 | 47,711 | 37,198 | |||
Deferred tax liabilities, net | ✕ | ✕ | ✕ | 26,642 | 34,553 | 37,198 | |||
Deferred income tax liabilities | 99,916 | 97,693 | ✕ | ✕ | ✕ | ✕ | |||
Other liabilities | 54,350 | 46,529 | 30,220 | 13,158 | |||||
Operating lease, liability | 40,807 | 49,690 | ✕ | ✕ | ✕ | ✕ | |||
Other undisclosed noncurrent liabilities | 113,855 | 219 | 1,457 | 2,446 | |||||
Total noncurrent liabilities: | 1,098,406 | 1,090,115 | 1,097,516 | 230,220 | 285,633 | 306,190 | |||
Total liabilities: | 1,262,684 | 1,220,475 | 1,238,826 | 352,306 | 369,767 | 373,721 | |||
Equity | |||||||||
Equity, attributable to parent, including: | 708,714 | 688,159 | 682,589 | 642,772 | 683,577 | 739,156 | |||
Treasury stock, value | (199,817) | (199,817) | (199,817) | (199,817) | (106,231) | ||||
Additional paid in capital | 655,444 | 636,461 | 618,674 | 534,159 | 516,300 | 493,197 | |||
Accumulated other comprehensive loss | (47,804) | (26,732) | (6,740) | (476) | (580) | (1,582) | |||
Retained earnings | 300,890 | 278,246 | 270,471 | 308,905 | 274,087 | 247,540 | |||
Other undisclosed equity, attributable to parent | 1 | 1 | 1 | 1 | 1 | 1 | |||
Total equity: | 708,714 | 688,159 | 682,589 | 642,772 | 683,577 | 739,156 | |||
TOTAL LIABILITIES AND EQUITY: | 1,971,398 | 1,908,634 | 1,921,415 | 995,078 | 1,053,344 | 1,112,877 |
Income Statement (P&L) ($ in thousands)
9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
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Revenues | 667,524 | 642,410 | 527,676 | 449,358 | 427,588 | 437,271 | ||
Revenue, net | ✕ | ✕ | ✕ | ✕ | 449,358 | 427,588 | 437,271 | |
Cost of revenue | (167,824) | (167,814) | (144,826) | (151,046) | (159,169) | (146,140) | ||
Gross profit: | 499,700 | 474,596 | 382,850 | 298,312 | 268,419 | 291,131 | ||
Operating expenses | (313,065) | (296,859) | (288,710) | (211,434) | (193,501) | (152,042) | ||
Other undisclosed operating loss | (114,925) | (108,250) | (96,725) | (53,089) | (37,284) | (22,633) | ||
Operating income (loss): | 71,710 | 69,487 | (2,585) | 33,789 | 37,634 | 116,456 | ||
Nonoperating income (expense) | (551) | (20) | (2,255) | 4 | (328) | |||
Investment income, nonoperating | 4 | (328) | ||||||
Other nonoperating expense | (551) | (20) | (2,255) | |||||
Interest and debt expense | (56,177) | (65,831) | (50,898) | (6,225) | (5,065) | (4,420) | ||
Other undisclosed income from continuing operations before equity method investments, income taxes | 479 | 2,242 | 2,181 | 5,023 | 6,326 | 3,003 | ||
Income (loss) from continuing operations before income taxes: | 15,461 | 5,878 | (53,557) | 32,587 | 38,899 | 114,711 | ||
Income tax expense (benefit) | 7,118 | 1,897 | 14,393 | 2,231 | (11,795) | (48,648) | ||
Income (loss) from continuing operations: | 22,579 | 7,775 | (39,164) | 34,818 | 27,104 | 66,063 | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | 22,579 | 7,775 | (39,164) | 34,818 | 27,104 | 66,063 | |
Net income (loss) attributable to parent: | 22,579 | 7,775 | (39,164) | 34,818 | 27,104 | 66,063 | ||
Undistributed earnings (loss) allocated to participating securities, basic | (673) | (237) | ✕ | ✕ | ||||
Other undisclosed net loss available to common stockholders, basic | (990) | (161) | (49) | |||||
Net income (loss) available to common stockholders, diluted: | 21,906 | 7,538 | (39,164) | 33,828 | 26,943 | 66,014 |
Comprehensive Income ($ in thousands)
9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
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Net income (loss): | 22,579 | 7,775 | (39,164) | 34,818 | 27,104 | 66,063 | ||
Other comprehensive income (loss) | (21,072) | (19,992) | (6,264) | 104 | 1,002 | (1,582) | ||
Comprehensive income (loss), net of tax, attributable to parent: | 1,507 | (12,217) | (45,428) | 34,922 | 28,106 | 64,481 |
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.