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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 123,88093,094122,591476,232572,998728,164
Cash and cash equivalents 123,88093,094115,591208,944127,683114,034
Short-term investments   7,000267,288445,315614,130
Receivables 172,667144,002135,235102,041100,75699,682
Other undisclosed current assets 26,52920,14114,30110,44112,10016,162
Total current assets: 323,076257,237272,127588,714685,854844,008
Noncurrent Assets
Operating lease, right-of-use asset 35,35545,053
Property, plant and equipment  147,741141,758125,76876,42065,031
Intangible assets, net (including goodwill) 1,408,4391,438,9221,491,372274,258288,106199,588
Goodwill 955,881955,881956,029184,932184,557137,733
Intangible assets, net (excluding goodwill) 452,558483,041535,34389,326103,54961,855
Other noncurrent assets 36,41519,68116,1586,3382,9644,250
Other undisclosed noncurrent assets 168,113     
Total noncurrent assets: 1,648,3221,651,3971,649,288406,364367,490268,869
TOTAL ASSETS: 1,971,3981,908,6341,921,415995,0781,053,3441,112,877
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 93,85869,98056,59352,70131,68534,674
Employee-related liabilities 40,86035,13525,29818,59215,21113,538
Accounts payable 52,99834,84531,29534,10916,47421,136
Deferred revenue  13,664
Debt 13,76320,41812,70545,33630,11515,109
Deferred revenue and credits6,95411,8505,507
Contract with customer, liability20,628
Other liabilities 39,83526,29850,76515,2779,46811,444
Other undisclosed current liabilities 16,822 6191,8181,016797
Total current liabilities: 164,278130,360141,310122,08684,13467,531
Noncurrent Liabilities
Long-term debt and lease obligation 944,140945,893953,441203,359236,465266,546
Long-term debt, excluding current maturities 877,574883,937939,514191,250236,250266,250
Capital lease obligations13,92712,109215296
Finance lease, liability 25,75912,266
Liabilities, other than long-term debt 154,266144,22230,22026,64247,71137,198
Deferred tax liabilities, net 26,64234,55337,198
Deferred income tax liabilities 99,91697,693
Other liabilities 54,35046,52930,220 13,158 
Operating lease, liability 40,80749,690
Other undisclosed noncurrent liabilities   113,8552191,4572,446
Total noncurrent liabilities: 1,098,4061,090,1151,097,516230,220285,633306,190
Total liabilities: 1,262,6841,220,4751,238,826352,306369,767373,721
Equity
Equity, attributable to parent, including: 708,714688,159682,589642,772683,577739,156
Treasury stock, value (199,817)(199,817)(199,817)(199,817)(106,231) 
Additional paid in capital 655,444636,461618,674534,159516,300493,197
Accumulated other comprehensive loss (47,804)(26,732)(6,740)(476)(580)(1,582)
Retained earnings 300,890278,246270,471308,905274,087247,540
Other undisclosed equity, attributable to parent 111111
Total equity: 708,714688,159682,589642,772683,577739,156
TOTAL LIABILITIES AND EQUITY: 1,971,3981,908,6341,921,415995,0781,053,3441,112,877

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
Revenues 667,524642,410527,676449,358427,588437,271
Revenue, net449,358427,588437,271
Cost of revenue (167,824)(167,814)(144,826)(151,046)(159,169)(146,140)
Gross profit: 499,700474,596382,850298,312268,419291,131
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): 71,71069,487(2,585)33,78937,634116,456
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 4792,2422,1815,0236,3263,003
Income (loss) from continuing operations before income taxes: 15,4615,878(53,557)32,58738,899114,711
Income tax expense (benefit) 7,1181,89714,3932,231(11,795)(48,648)
Income (loss) from continuing operations: 22,5797,775(39,164)34,81827,10466,063
Income (loss) before gain (loss) on sale of properties:22,5797,775(39,164)34,81827,10466,063
Net income (loss) attributable to parent: 22,5797,775(39,164)34,81827,10466,063
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: 21,9067,538(39,164)33,82826,94366,014

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
Net income (loss): 22,5797,775(39,164)34,81827,10466,063
Other comprehensive income (loss) (21,072)(19,992)(6,264)1041,002(1,582)
Comprehensive income (loss), net of tax, attributable to parent: 1,507(12,217)(45,428)34,92228,10664,481

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.

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