National Research Corporation (NRC) financial statements (2022 and earlier)

Company profile

Business Address 1245 Q STREET
LINCOLN, NE 68508
State of Incorp. DE
Fiscal Year End December 31
SIC 8731 - Commercial Physical and Biological Research (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments54,361 13,51712,99134,73333,021
Cash and cash equivalents54,361 13,51712,99134,73333,021
Receivables14,480 11,70812,27013,71810,878
Prepaid expense3,884 2,0382,9252,3101,585
Other current assets982 1,8942243535
Other undisclosed current assets    1,4631,546
Total current assets:73,707 29,15728,41052,25947,065
Noncurrent Assets
Operating lease, right-of-use asset975 1,628
Property, plant and equipment12,391 13,53014,15312,35911,806
Intangible assets, net (including goodwill)63,404 59,66359,93360,78560,985
Goodwill61,614 57,93557,83158,02157,861
Intangible assets, net (excluding goodwill)1,790 1,7282,1022,7643,124
Capitalized contract cost, net3,772 4,2043,484
Deferred income tax assets14  
Other noncurrent assets3,277 2,5032,0521,913768
Other undisclosed noncurrent assets   (1)  
Total noncurrent assets:83,833 81,52879,62175,05773,559
Other undisclosed assets   1  
TOTAL ASSETS:157,540 110,685108,032127,316120,624
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities17,576 16,37826,99414,29413,252
Accounts payable1,943 1,279613593765
Accrued liabilities5,450 3,4082,8342,8823,069
Employee-related liabilities7,139 6,0865,7986,5974,543
Taxes payable  366636 662
Interest and dividends payable3,044 5,23917,1134,2224,213
Deferred revenue17,213 16,354
Debt4,278 4,3783,8711,1382,765
Deferred revenue and credits16,87815,497
Contract with customer, liability16,244
Other liabilities1,321 1,045   
Total current liabilities:40,388 38,15547,10932,31031,514
Noncurrent Liabilities
Long-term debt and lease obligation22,269     
Long-term debt, excluding current maturities22,269     
Liabilities, other than long-term debt9,546 9,8437,6644,9655,447
Deferred tax liabilities, net6,2764,0304,861
Deferred income tax liabilities7,002 7,399
Other liabilities2,544 2,4441,388935586
Other undisclosed noncurrent liabilities  29,79534,176 857
Total noncurrent liabilities:31,815 39,63841,8404,9656,304
Total liabilities:72,203 77,79388,94937,27537,818
Stockholders' equity
Stockholders' equity attributable to parent, including:85,337 32,89219,08390,04182,806
Common stock31 3030  
Treasury stock, value(50,149) (33,726)(29,004)(36,953)(32,830)
Additional paid in capital173,942 162,154157,31251,02546,725
Accumulated other comprehensive loss(2,375) (2,209)(2,916)(1,635)(2,626)
Retained earnings (accumulated deficit)(36,112) (93,357)(106,339)77,57471,507
Other undisclosed stockholders' equity attributable to parent    3030
Total stockholders' equity:85,337 32,89219,08390,04182,806
TOTAL LIABILITIES AND EQUITY:157,540 110,685108,032127,316120,624

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues147,954 127,982119,686117,559109,384
Cost of revenue(57,546) (46,435)(47,577)(49,068)(45,577)
Cost of goods and services sold(52,350) (46,435)(47,577)(49,068)(45,577)
Gross profit:90,408 81,54772,10968,49163,807
Operating expenses(40,138) (38,512)(84,411)(83,340)(78,187)
Other undisclosed operating income   47,57749,06845,577
Operating income:50,270 43,03535,27534,21931,197
Nonoperating income (expense)(1,649) (2,516)(566)64159
Investment income, nonoperating14 37629647
Other nonoperating income (expense)4 (462)88550302
Interest and debt expense(1,667) (2,091)(1,513)(82)(190)
Other undisclosed income from continuing operations before equity method investments, income taxes  2,0911,51382190
Income from continuing operations before equity method investments, income taxes:46,954 40,51934,70934,28331,356
Other undisclosed income from continuing operations before income taxes1,667     
Income from continuing operations before income taxes:48,621 40,51934,70934,28331,356
Income tax expense(11,155) (8,113)(4,662)(11,340)(10,838)
Net income available to common stockholders, diluted:37,466 32,40630,04722,94320,518

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:37,466 32,40630,04722,94320,518
Comprehensive income:37,466 32,40630,04722,94320,518
Other undisclosed comprehensive income (loss), net of tax, attributable to parent24 707(1,281)991369
Comprehensive income, net of tax, attributable to parent:37,490 33,11328,76623,93420,887

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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