Nerdy Inc. (NRDY) financial statements (2022 and earlier)
Company profile
Business Address |
101 S. HANLEY RD., SUITE 300 ST. LOUIS, MO 63105 |
State of Incorp. | DE |
Fiscal Year End | December 31 |
SIC | 7372 - Prepackaged Software (benchmarking) |
More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
12/31/2021 | 12/31/2020 | |||
---|---|---|---|---|
ASSETS | ||||
Current Assets | ||||
Cash, cash equivalents, and short-term investments | 143,964 | 534 | ||
Cash and cash equivalents | 143,964 | 534 | ||
Receivables | 5,321 | |||
Prepaid expense | 278 | |||
Other current assets | 6,165 | |||
Total current assets: | 155,450 | 812 | ||
Noncurrent Assets | ||||
Property, plant and equipment | 10,718 | |||
Intangible assets, net (including goodwill) | 10,145 | |||
Goodwill | 5,717 | |||
Intangible assets, net (excluding goodwill) | 4,428 | |||
Assets held-in-trust | 450,006 | |||
Other noncurrent assets | 832 | |||
Total noncurrent assets: | 21,695 | 450,006 | ||
TOTAL ASSETS: | 177,145 | 450,818 | ||
LIABILITIES AND EQUITY | ||||
Liabilities | ||||
Current Liabilities | ||||
Accounts payable and accrued liabilities | 3,590 | 534 | ||
Accounts payable | 3,590 | |||
Accrued liabilities | 534 | |||
Deferred revenue | 30,005 | |||
Derivative instruments and hedges, liabilities | 59,537 | |||
Due to related parties | 841 | |||
Other liabilities | 7,473 | |||
Total current liabilities: | 41,909 | 60,071 | ||
Noncurrent Liabilities | ||||
Liabilities, other than long-term debt | 39,431 | |||
Other liabilities | 39,431 | |||
Other undisclosed noncurrent liabilities | 15,750 | |||
Total noncurrent liabilities: | 39,431 | 15,750 | ||
Total liabilities: | 81,340 | 75,821 | ||
Temporary equity, carrying amount | 450,006 | |||
Stockholders' equity | ||||
Stockholders' equity attributable to parent, including: | 50,663 | (75,009) | ||
Additional paid in capital | 490,220 | |||
Accumulated other comprehensive income | 136 | |||
Accumulated deficit | (439,708) | (75,010) | ||
Other undisclosed stockholders' equity attributable to parent | 15 | 1 | ||
Stockholders' equity attributable to noncontrolling interest | 45,142 | |||
Total stockholders' equity: | 95,805 | (75,009) | ||
TOTAL LIABILITIES AND EQUITY: | 177,145 | 450,818 |
Income statement (P&L) ($ in thousands)
12/31/2021 | 12/31/2020 | ||
---|---|---|---|
Revenues | 140,664 | ||
Cost of revenue (Cost of Goods and Services Sold) | (46,700) | ||
Gross profit: | 93,964 | ||
Operating expenses | (190,418) | ||
Other undisclosed operating loss | (33,323) | ||
Operating loss: | (96,454) | (33,323) | |
Nonoperating income (expense) | (8,552) | 6 | |
Investment income, nonoperating | 6 | ||
Other nonoperating expense | (8,552) | ||
Interest and debt expense | 3,326 | ||
Loss from continuing operations before equity method investments, income taxes: | (101,680) | (33,317) | |
Other undisclosed income from continuing operations before income taxes | 71,041 | ||
Loss from continuing operations before income taxes: | (30,639) | (33,317) | |
Income tax expense | (40) | ||
Net loss: | (30,679) | (33,317) | |
Net income attributable to noncontrolling interest | 3,354 | ||
Other undisclosed net income attributable to parent | 23,546 | ||
Net loss available to common stockholders, diluted: | (3,779) | (33,317) |
Comprehensive Income ($ in thousands)
12/31/2021 | 12/31/2020 | ||
---|---|---|---|
Net loss: | (30,679) | (33,317) | |
Other undisclosed comprehensive loss | (26) | ||
Comprehensive loss: | (30,705) | (33,317) | |
Comprehensive income, net of tax, attributable to noncontrolling interest | 3,372 | ||
Other undisclosed comprehensive income, net of tax, attributable to parent | 23,533 | ||
Comprehensive loss, net of tax, attributable to parent: | (3,800) | (33,317) |
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.