Verra Mobility Corporation (VRRM) Financial Statements (2024 and earlier)

Company Profile

Business Address 1150 N. ALMA SCHOOL ROAD
MESA, AZ 85201
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 47 - Transportation Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments105,204101,283120,259131,51365,048826
Cash and cash equivalents105,204101,283120,259131,51365,048826
Restricted cash and investments3,9113,1496339172,033 
Receivables194,568190,088182,828113,517100,466 
Inventory, net of allowances, customer advances and progress billings19,30712,093    
Inventory19,30712,093    
Prepaid expense7,7419,6174,9952,5103,198136
Other current assets1,9721,809890689403 
Other undisclosed current assets29,89130,03018,43223,29213,999 
Total current assets:362,594348,069328,037272,438185,148962
Noncurrent Assets
Operating lease, right-of-use asset37,59338,86229,78732,177
Property, plant and equipment109,77596,06670,28472,26669,243 
Intangible assets, net (including goodwill)1,210,9001,326,166928,5741,018,5931,079,265 
Goodwill833,480838,867586,435584,150564,723 
Intangible assets, net (excluding goodwill)377,420487,299342,139434,443514,542 
Asset, held-in-trust      402,736
Other noncurrent assets12,48414,5612,6993,1111,845 
Other undisclosed noncurrent assets22,92313,3327,9448,8419,282 
Total noncurrent assets:1,393,6751,488,9871,039,2881,134,9881,159,635402,736
TOTAL ASSETS:1,756,2691,837,0561,367,3251,407,4261,344,783403,698
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities128,716105,99150,14576,10259,63266
Accounts payable79,86967,55634,50950,82545,188 
Accrued liabilities48,84738,43515,63625,27714,44466
Deferred revenue31,16427,141  
Debt21,93536,9529,10428,7799,104 
Other undisclosed current liabilities4,9945,1074,791  132
Total current liabilities:186,809175,19164,040104,88168,736198
Noncurrent Liabilities
Long-term debt and lease obligation1,190,0451,241,786860,927867,816860,249 
Long-term debt, excluding current maturities1,190,0451,206,802832,941837,686860,249 
Liabilities, other than long-term debt73,37965,03428,0518,49240,377811
Accounts payable and accrued liabilities      806
Asset retirement obligations12,99311,8246,4096,3096,750 
Deferred tax liabilities, net33,6274
Deferred income tax liabilities21,14947,52421,148 
Other liabilities5,8755,6864942,183  
Operating lease, liability33,36234,98427,98630,130
Other undisclosed noncurrent liabilities74,96695,08198,73586,89073,36514,000
Total noncurrent liabilities:1,338,3901,401,901987,713963,198973,99114,811
Total liabilities:1,525,1991,577,0921,051,7531,068,0791,042,72715,009
Temporary equity, carrying amount      383,689
Equity
Equity, attributable to parent, including:231,070259,964315,572339,347302,0565,000
Common stock1516161616 
Additional paid in capital305,423309,883373,620367,266348,0173,615
Accumulated other comprehensive income (loss)(12,865)(5,094)211(2,577)(5,820) 
Retained earnings (accumulated deficit)(98,078)(81,416)(94,850)(80,220)(113,306)1,384
Warrants and rights outstanding 24,066     
Other undisclosed equity, attributable to parent 12,50936,57536,57554,86273,1501
Total equity:231,070259,964315,572339,347302,0565,000
TOTAL LIABILITIES AND EQUITY:1,756,2691,837,0561,367,3251,407,4261,344,783403,698

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues94,318550,590393,593448,737370,146 
Cost of revenue(187,436)(142,311)(135,723)(132,844)(106,562) 
Gross profit:(93,118)408,279257,870315,893263,583 
Operating expenses(389,457)(296,413)(220,054)(219,438)(250,977)(780)
Other undisclosed operating income647,280     
Operating income (loss):164,705111,86637,81696,45512,606(780)
Nonoperating income (expense)(37,597)(43,965)(36,963)(49,531)(87,242)3,016
Investment income, nonoperating      3,016
Other nonoperating income12,65412,89511,88511,1988,795 
Interest and debt expense3,005(5,334)(40,865)(60,729)(26,486) 
Other undisclosed income from continuing operations before equity method investments, income taxes   40,86560,72926,486 
Income (loss) from continuing operations before equity method investments, income taxes:130,11362,56785346,924(74,636)2,235
Other undisclosed income (loss) from continuing operations before income taxes(3,005)5,334    
Income (loss) from continuing operations before income taxes:127,10867,90185346,924(74,636)2,235
Income tax expense (benefit)(34,633)(26,452)(5,431)(13,581)16,241(811)
Income (loss) from continuing operations:92,47541,449(4,578)33,343(58,395)1,425
Income (loss) before gain (loss) on sale of properties:41,449(4,578)33,343(58,395)1,425
Net income (loss) available to common stockholders, diluted:92,47541,449(4,578)33,343(58,395)1,425

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):92,47541,449(4,578)33,343(58,395)1,425
Other comprehensive income (loss)(7,771)(5,305)2,7883,244(5,820) 
Other undisclosed comprehensive loss      
Comprehensive income (loss):84,70436,144(1,790)36,587(64,215)1,425
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:84,70436,144(1,790)36,587(64,215)1,425

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: