VERRA MOBILITY Corp
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
VRRM$2.13-2.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| (In thousands, except per share data) | December 31,2023 | December 31,2022 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $136,309 | $105,204 |
| Restricted cash | 3,413 | 3,911 |
| Accounts receivable (net of allowance for credit losses of $18.5 million and $15.9 million at December 31, 2023 and 2022, respectively) | 197,824 | 163,786 |
| Unbilled receivables | 37,065 | 30,782 |
| Inventory | 17,966 | 19,307 |
| Prepaid expenses and other current assets | 46,961 | 39,604 |
| Total current assets | 439,538 | 362,594 |
| Installation and service parts, net | 22,895 | 22,923 |
| Property and equipment, net | 123,248 | 109,775 |
| Operating lease assets | 33,523 | 37,593 |
| Intangible assets, net | 301,025 | 377,420 |
| Goodwill | 835,835 | 833,480 |
| Other non-current assets | 33,919 | 12,484 |
| Total assets | $1,789,983 | $1,756,269 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities: | ||
| Accounts payable | $78,749 | $79,869 |
| Deferred revenue | 28,788 | 31,164 |
| Accrued liabilities | 93,119 | 48,847 |
| Tax receivable agreement liability, current portion | 5,098 | 4,994 |
| Current portion of long-term debt | 9,019 | 21,935 |
| Total current liabilities | 214,773 | 186,809 |
| Long-term debt, net of current portion | 1,029,113 | 1,190,045 |
| Operating lease liabilities, net of current portion | 29,124 | 33,362 |
| Tax receivable agreement liability, net of current portion | 48,369 | 50,900 |
| Private placement warrant liabilities | — | 24,066 |
| Asset retirement obligations | 14,580 | 12,993 |
| Deferred tax liabilities, net | 18,360 | 21,149 |
| Other long-term liabilities | 14,197 | 5,875 |
| Total liabilities | 1,368,516 | 1,525,199 |
| Commitments and contingencies (Note 16) | ||
| Stockholders' equity | ||
| Preferred stock, $0.0001 par value, 1,000 shares authorized with no shares issued and outstanding at December 31, 2023 and 2022 | — | — |
| Common stock, $0.0001 par value, 260,000 shares authorized with 166,555 and 148,962 shares issued and outstanding at December 31, 2023 and 2022, respectively | 17 | 15 |
| Common stock contingent consideration | — | 36,575 |
| Additional paid-in capital | 557,513 | 305,423 |
| Accumulated deficit | (125,887) | (98,078) |
| Accumulated other comprehensive loss | (10,176) | (12,865) |
| Total stockholders' equity | 421,467 | 231,070 |
| Total liabilities and stockholders' equity | $1,789,983 | $1,756,269 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.