VERRA MOBILITY Corp
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 31, 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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Condensed Consolidated Balance Sheets
| (In thousands, except per share data) | September 30,2024 | December 31,2023 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $206,088 | $136,309 |
| Restricted cash | 7,125 | 3,413 |
| Accounts receivable (net of allowance for credit losses of $19.6 million and$18.5 million at September 30, 2024 and December 31, 2023, respectively) | 194,587 | 197,824 |
| Unbilled receivables | 51,100 | 37,065 |
| Inventory | 18,708 | 17,966 |
| Prepaid expenses and other current assets | 51,407 | 46,961 |
| Total current assets | 529,015 | 439,538 |
| Installation and service parts, net | 30,134 | 22,895 |
| Property and equipment, net | 136,815 | 123,248 |
| Operating lease assets | 30,710 | 33,523 |
| Intangible assets, net | 251,327 | 301,025 |
| Goodwill | 838,151 | 835,835 |
| Other non-current assets | 34,429 | 33,919 |
| Total assets | $1,850,581 | $1,789,983 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities: | ||
| Accounts payable | $100,225 | $78,749 |
| Deferred revenue | 30,204 | 28,788 |
| Accrued liabilities | 66,966 | 93,119 |
| Tax receivable agreement liability, current portion | 5,098 | 5,098 |
| Current portion of long-term debt | — | 9,019 |
| Total current liabilities | 202,493 | 214,773 |
| Long-term debt, net of current portion | 1,037,174 | 1,029,113 |
| Operating lease liabilities, net of current portion | 26,873 | 29,124 |
| Tax receivable agreement liability, net of current portion | 48,369 | 48,369 |
| Asset retirement obligations | 15,208 | 14,580 |
| Deferred tax liabilities, net | 16,886 | 18,360 |
| Other long-term liabilities | 17,032 | 14,197 |
| Total liabilities | 1,364,035 | 1,368,516 |
| Commitments and contingencies (Note 13) | ||
| Stockholders' equity | ||
| Preferred stock, $0.0001 par value, 1,000 shares authorized with no shares issued and outstanding at September 30, 2024 and December 31, 2023 | — | — |
| Common stock, $0.0001 par value, 260,000 shares authorized with 164,804and 166,555 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively | 16 | 17 |
| Additional paid-in capital | 564,491 | 557,513 |
| Accumulated deficit | (71,149) | (125,887) |
| Accumulated other comprehensive loss | (6,812) | (10,176) |
| Total stockholders' equity | 486,546 | 421,467 |
| Total liabilities and stockholders' equity | $1,850,581 | $1,789,983 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.