NextGen Healthcare, Inc. (NXGN) Financial Statements (2023 and Earlier)

Company Profile

Business Address 3525 PIEDMONT RD., NE
ATLANTA, GA 30305
State of Incorp. CA
Fiscal Year End March 31
Industry (SIC) 7373 - Computer Integrated Systems Design (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments49,429 138,01233,07928,84537,673
Cash and cash equivalents49,429 138,01233,07928,84537,673
Restricted cash and investments4,921 2,3071,4432,3734,916
Receivables77,046 80,86291,14193,08486,086
Inventory, net of allowances, customer advances and progress billings   120180158
Inventory   120180158
Prepaid expense18,482 18,02515,54816,69314,884
Contract with customer, asset24,246 12,52913,242
Capitalized contract cost10,926 7,0534,816
Other current assets690 1,2274624873,085
Total current assets:185,740 260,015159,851141,662146,802
Noncurrent Assets
Operating lease, right-of-use asset13,047 31,004
Property, plant and equipment10,818 19,83621,40426,79527,426
Intangible assets, net (including goodwill)294,614 324,974271,366292,966255,111
Goodwill267,212 267,165218,771218,875185,898
Intangible assets, net (excluding goodwill)27,402 57,80952,59574,09169,213
Contract with customer, asset, net1,997 3,0073,747
Deferred income tax assets19,439 10,620
Other noncurrent assets37,960 33,65632,47818,79519,010
Deferred tax assets, net6,1949,219 
Other undisclosed noncurrent assets41,719 37,00437,85526,31824,872
Total noncurrent assets:419,594 460,101373,044374,093326,419
TOTAL ASSETS:605,334 720,116532,895515,755473,221
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities57,656 34,46131,15932,19629,536
Accounts payable15,232 10,5215,4324,2134,618
Employee-related liabilities42,019 23,79225,66327,91024,513
Taxes payable405 1486473405
Deferred revenue54,879 56,786
Debt  10,619   
Deferred revenue and credits54,07952,383
Contract with customer, liability56,009
Other liabilities49,436 41,35241,06448,31746,775
Other undisclosed current liabilities8,437     
Total current liabilities:170,408 143,218128,232134,592128,694
Noncurrent Liabilities
Long-term debt and lease obligation12,781 38,823  15,000
Long-term debt, excluding current maturities     15,000
Operating lease, liability12,781 38,823
Liabilities, other than long-term debt11,002 8,58117,71720,75324,484
Deferred revenue and credits1,1731,394
Deferred compensation liability, classified7,671 5,3005,9056,0866,629
Other liabilities3,331 3,28111,81213,49416,461
Other undisclosed noncurrent liabilities  129,00011,00037,000 
Total noncurrent liabilities:23,783 176,40428,71757,75339,484
Total liabilities:194,191 319,622156,949192,345168,178
Stockholders' equity
Stockholders' equity attributable to parent411,143 400,494375,946323,410305,043
Common stock690 661648640625
Treasury stock, value(35,874)     
Additional paid in capital318,356 282,857264,908244,462228,549
Accumulated other comprehensive loss(1,933) (2,143)(1,231)(400)(358)
Retained earnings129,904 119,119111,62178,70876,227
Total stockholders' equity:411,143 400,494375,946323,410305,043
TOTAL LIABILITIES AND EQUITY:605,334 720,116532,895515,755473,221

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
Revenues598,055 540,239529,173531,019509,624
Revenue, net531,019509,624
Cost of revenue
(Cost of Goods and Services Sold)
(295,967) (267,439)(246,697)(241,535)(223,134)
Gross profit:302,088 272,800282,476289,484286,490
Operating expenses(296,827) (267,688)(250,857)(286,663)(259,477)
Operating income:5,261 5,11231,6192,82127,013
Nonoperating income (expense)(349) 1,102(2,331)92(262)
Investment income, nonoperating(28) 25621655 
Other nonoperating income (expense)(321) 84626737(262)
Interest and debt expense(3,180) (1,955)(2,814)(3,323)(3,156)
Other undisclosed income from continuing operations before equity method investments, income taxes     14
Income (loss) from continuing operations before equity method investments, income taxes:1,732 4,25926,474(410)23,609
Other undisclosed income from continuing operations before income taxes   2,814  
Income (loss) from continuing operations before income taxes:1,732 4,25929,288(410)23,609
Income tax expense (benefit)(2,687) 3,239(4,794)2,830(5,368)
Net income (loss) available to common stockholders, basic:(955) 7,49824,4942,42018,241
Dilutive securities, effect on basic earnings per share     192
Net income (loss) available to common stockholders, diluted:(955) 7,49824,4942,42018,433

Comprehensive Income ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
Net income (loss):(955) 7,49824,4942,42018,241
Comprehensive income (loss):(955) 7,49824,4942,42018,241
Other undisclosed comprehensive income (loss), net of tax, attributable to parent402 (912)(831)(42)123
Comprehensive income (loss), net of tax, attributable to parent:(553) 6,58623,6632,37818,364

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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