Nuvera Communications, Inc. (NUVR) financial statements (2022 and earlier)

Company profile

Business Address 27 NORTH MINNESOTA ST.
NEW ULM, MN 56073
State of Incorp. MN
Fiscal Year End December 31
SIC 4813 - Telephone Communications, Except Radiotelephone (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 investments2,3068,6182,9931,5851,842616552
Cash and cash equivalents2,3068,6182,9931,5851,842616552
Receivables3,8322,5012,3573,9771,9452,2331,261
Inventory, net of allowances, customer advances and progress billings5,3572,9662,8272,5812,0751,8602,512
Inventory5,3572,9662,8272,5812,0751,8602,512
Prepaid expense   771823725973
Contract with customer, asset662422176 
Derivative instruments and hedges, assets    28  
Other undisclosed current assets1,224579651306 281,542
Total current assets:13,38215,0859,0049,2206,7135,4616,840
Noncurrent Assets
Operating lease, right-of-use asset1,1541,2121,558
Property, plant and equipment81,14970,47968,05964,50841,95042,92744,114
Intangible assets, net (including goodwill)68,21971,54273,98877,31256,06358,53261,001
Goodwill49,90349,90349,90349,90339,80539,80539,805
Intangible assets, net (excluding goodwill)18,31621,63924,08527,40916,25718,72621,195
Other noncurrent assets422299183    
Other undisclosed noncurrent assets10,4189,9609,4549,1927,5747,4127,681
Total noncurrent assets:161,362153,492153,242151,012105,586108,870112,796
TOTAL ASSETS:174,744168,577162,245160,231112,300114,331119,636
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,2614,9216,3286,3745,1524,9144,440
Accounts payable3,2441,6051,8073,0612,0792,3791,627
Accrued liabilities6348111,0467684044461,702
Employee-related liabilities2,1222,2472,5122,3161,8261,908935
Taxes payable260259962229843180176
Debt      2,700
Deferred compensation liability6432031155575961
Other undisclosed current liabilities4,5126,7884,5124,5123,3163,316 
Total current liabilities:10,83712,03011,15110,9418,5258,2897,202
Noncurrent Liabilities
Long-term debt and lease obligation43,11547,16151,072    
Long-term debt, excluding current maturities43,11547,16151,072    
Liabilities, other than long-term debt22,14221,76519,26517,35711,14517,27219,496
Accounts payable and accrued liabilities   235194233299
Deferred compensation liability, classified   574632702775
Deferred tax liabilities, net16,14110,31916,31418,391
Other liabilities22,14221,76519,265    
Derivative instruments and hedges, liabilities   407 2331
Other undisclosed noncurrent liabilities   254158214233
Total noncurrent liabilities:65,25768,92670,33717,61111,30317,48619,729
Total liabilities:76,09480,95681,48728,55219,82825,77526,931
Stockholders' equity
Stockholders' equity attributable to parent, including:98,65187,62180,75874,59568,44960,25859,070
Common stock8,6838,6688,6498,6258,6008,5668,528
Accumulated other comprehensive income (loss)(631)(1,945)(186)(291)20(14)(19)
Retained earnings90,33980,74872,10666,18159,81551,70650,561
Other undisclosed stockholders' equity attributable to parent2601491898014  
Total stockholders' equity:98,65187,62180,75874,59568,44960,25859,070
Other undisclosed liabilities and equity   57,08424,02228,29833,635
TOTAL LIABILITIES AND EQUITY:174,744168,577162,245160,231112,300114,331119,636

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
Revenues65,83864,91164,94156,68346,88942,31941,684
Revenue, net46,88942,31941,684
Cost of revenue(28,587)(27,529)(27,443)(23,838)(20,305)(19,970)(19,346)
Cost of goods and services sold(13,084)(12,143)(12,121)(10,343)(8,070)(8,093)(8,027)
Gross profit:37,25137,38237,49832,84526,58422,34922,338
Operating expenses(23,364)(22,364)(23,424)(20,494)(17,124)(16,940)(17,297)
Operating income:13,88715,01814,07412,3519,4605,4095,042
Nonoperating income (expense)2,097(1,121)(2,434)(1,148)(309)(521)(646)
Investment income, nonoperating18225870680435479633
Interest and debt expense(2,128)(2,505)(3,405)(2,281)(1,192)(1,426)(1,502)
Income from continuing operations before equity method investments, income taxes:13,85511,3928,2348,9217,9593,4622,894
Other undisclosed income from continuing operations before income taxes2,1282,5053,4052,2811,1921,4261,502
Income from continuing operations before income taxes:15,98413,89711,63911,2029,1514,8884,395
Income tax expense (benefit)(3,732)(4,061)(3,309)(3,438)803(2,033)(1,729)
Net income available to common stockholders, diluted:12,2529,8368,3307,7649,9542,8542,666

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:12,2529,8368,3307,7649,9542,8542,666
Other comprehensive income (loss)1,313(1,758)105(311)345(19)
Comprehensive income, net of tax, attributable to parent:13,5658,0778,4357,4539,9882,8602,647

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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