Inovalon holdings, inc. (INOV)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14
ASSETS
Current assets:
Cash and cash equivalents

182,875

93,094

133,555

129,850

119,880

115,591

103,516

68,007

410,000

208,944

232,555

192,012

147,888

127,683

214,386

159,795

126,885

114,034

166,507

194,433

793,114

162,567

Short-term investments

-

-

0

503

1,810

7,000

11,377

15,674

40,275

267,288

293,101

339,536

385,422

445,315

498,935

584,088

611,598

614,130

547,580

602,559

-

-

Accounts receivable (net of allowances of $2,451 at March 31, 2020 and $3,351 at December 31, 2019)

129,050

139,514

127,415

115,440

117,353

104,405

110,043

114,121

78,401

90,054

83,818

95,698

101,640

85,591

79,894

94,772

73,177

81,305

93,531

86,960

65,641

43,938

Prepaid expenses and other current assets

24,606

20,141

20,596

21,283

20,442

34,801

21,398

17,982

14,200

10,441

11,747

10,851

12,987

12,100

8,767

17,124

21,217

16,162

16,680

7,514

5,738

6,015

Income tax receivable

8,112

4,488

5,408

5,228

7,637

10,330

10,926

12,868

11,810

11,987

4,104

7,837

12,704

15,165

11,806

9,879

17,251

18,377

22,849

-

-

6,797

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,436

437

476

491

Total current assets

344,643

257,237

286,974

272,304

267,122

272,127

257,260

228,652

554,686

588,714

625,325

645,934

660,641

685,854

813,788

865,658

850,128

844,008

848,583

891,903

864,969

219,808

Non-current assets:
Property, equipment and capitalized software, net

146,798

147,741

139,415

136,592

138,282

141,758

137,061

139,626

139,989

125,768

101,419

86,898

78,826

76,420

70,379

68,456

65,278

65,031

60,757

53,817

52,347

50,962

Operating lease right-of-use assets

42,894

45,053

45,098

47,567

32,331

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

955,881

955,881

955,881

955,881

955,881

956,029

951,068

934,693

184,932

184,932

184,932

185,559

184,557

184,557

133,570

137,733

137,733

137,733

136,507

62,269

62,269

62,269

Intangible assets, net

480,906

483,041

495,994

509,110

522,227

535,343

548,709

584,678

85,475

89,326

93,176

96,027

99,776

103,549

56,429

58,201

60,028

61,855

63,397

6,644

6,905

7,447

Other assets

25,750

19,681

19,828

19,498

16,019

16,158

22,915

17,034

10,474

6,338

5,706

5,277

3,854

2,964

2,846

3,962

3,940

4,250

4,136

1,645

1,941

2,083

Total assets

1,996,872

1,908,634

1,943,190

1,940,952

1,931,862

1,921,415

1,917,013

1,904,683

975,556

995,078

1,010,558

1,019,695

1,027,654

1,053,344

1,077,012

1,134,010

1,117,107

1,112,877

1,113,380

1,016,278

988,431

342,569

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses

31,947

34,845

29,196

32,220

30,163

31,295

32,916

27,033

32,010

34,109

30,509

26,134

17,672

16,474

13,890

11,699

17,716

21,136

18,758

10,322

10,937

10,974

Accrued compensation

19,872

35,135

32,582

21,660

22,455

25,298

25,266

18,602

12,927

18,592

21,297

14,052

10,072

15,211

16,687

14,103

10,281

13,538

38,750

13,912

8,423

15,305

Other current liabilities

28,676

26,298

25,047

39,050

37,420

51,384

37,843

41,325

19,163

15,277

7,708

8,973

14,443

9,468

4,824

16,802

14,168

11,444

9,619

2,082

2,667

1,992

Deferred revenue

17,663

13,664

18,012

19,934

28,833

20,628

16,048

18,195

12,068

6,954

8,807

11,860

16,851

11,850

5,868

6,456

7,044

5,507

4,566

2,433

4,517

3,904

Income tax payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,715

2,554

-

Deferred rent

-

-

-

-

-

-

640

540

805

1,818

1,520

1,118

1,065

1,016

977

931

843

797

763

624

606

567

Credit facilities

9,800

9,800

9,800

9,800

9,800

9,800

9,800

9,800

45,000

45,000

41,250

37,500

33,750

30,000

26,250

22,500

18,750

15,000

15,000

16,250

17,500

18,750

Operating lease liabilities

8,116

8,085

8,811

9,095

9,982

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease liabilities

2,569

2,533

2,420

2,386

2,347

2,905

1,876

1,796

1,815

336

108

117

117

115

112

110

109

109

109

117

96

99

Total current liabilities

118,643

130,360

125,868

134,145

141,000

141,310

124,389

117,291

123,788

122,086

111,199

99,754

93,970

84,134

68,608

72,601

68,911

67,531

87,565

54,455

47,300

51,591

Non-current liabilities:
Credit facilities, less current portion

980,639

883,937

935,135

936,583

938,043

939,514

940,996

940,038

180,000

191,250

202,500

213,750

225,000

236,250

243,750

251,250

258,750

266,250

270,000

273,750

277,500

281,250

Operating lease liabilities, less current portion

49,033

49,690

44,252

42,900

27,357

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease liabilities, less current portion

11,600

12,266

13,005

13,545

14,154

13,927

14,462

14,940

15,134

12,109

136

155

187

215

242

270

309

296

251

272

145

168

Deferred rent, less current portion

-

-

-

-

-

-

3,223

2,838

1,567

219

261

911

1,194

1,457

1,709

1,960

2,251

2,446

2,657

2,321

2,471

2,619

Other liabilities

84,066

46,529

55,512

48,540

37,145

33,406

19,444

20,029

2,111

0

11,932

15,007

7,403

13,158

-

-

-

-

-

-

-

-

Deferred income taxes

86,150

97,693

95,475

99,105

103,874

110,669

112,481

115,624

21,195

26,642

32,440

32,312

34,497

34,553

34,084

38,116

36,275

37,198

36,005

12,314

14,655

15,163

Total liabilities

1,330,131

1,220,475

1,269,247

1,274,818

1,261,573

1,238,826

1,214,995

1,210,760

343,795

352,306

358,468

361,889

362,251

369,767

348,393

364,197

366,496

373,721

396,478

343,112

342,071

350,791

Commitments and contingencies (Note 7)

-

-

-

0

0

-

0

0

-

-

-

-

-

0

0

0

0

0

0

0

0

-

Stockholders’ equity:
Common stock

0

0

0

0

0

0

0

0

0

0

0

0

-

0

0

0

0

0

0

0

0

0

Preferred stock, $0.0001 par value, 100,000,000 shares authorized, zero shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

0

0

0

0

0

0

0

0

0

0

0

0

-

0

0

0

0

0

0

0

0

0

Additional paid-in-capital

640,861

636,461

632,759

625,908

622,751

618,674

615,782

611,035

538,873

534,159

532,084

526,363

519,691

516,300

505,550

502,717

499,899

493,197

486,541

453,445

451,123

110,317

Retained earnings

276,628

278,246

273,528

266,686

262,148

270,471

281,491

282,335

292,801

308,905

291,456

283,215

277,729

274,087

273,963

266,156

249,905

247,540

231,492

221,372

195,236

181,477

Treasury stock, at cost, 14,620,175 shares at March 31, 2020 and December 31, 2019, respectively

199,817

199,817

199,817

199,817

199,817

199,817

199,817

199,817

199,817

199,817

-

-

-

106,231

-

-

-

-

-

-

-

300,017

Other comprehensive loss

-50,932

-26,732

-32,528

-26,644

-14,794

-6,740

4,561

369

-97

-476

-234

-369

-404

-580

223

939

806

-1,582

-1,132

-1,652

-

-

Stockholders' Equity Attributable to Parent

666,741

688,159

673,943

666,134

670,289

682,589

702,018

693,923

631,761

642,772

652,090

657,806

665,403

683,577

728,619

769,813

750,611

739,156

716,902

673,166

646,360

-8,222

Total liabilities and stockholders’ equity

1,996,872

1,908,634

1,943,190

1,940,952

1,931,862

1,921,415

1,917,013

1,904,683

975,556

995,078

1,010,558

1,019,695

1,027,654

1,053,344

1,077,012

1,134,010

1,117,107

1,112,877

1,113,380

1,016,278

988,431

342,569

Class A Common
Common stock

1

1

1

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Treasury stock, Class A common stock, at cost, 12,744,489 and 7,508,985 shares at September 30, 2017 and December 31, 2016, respectively

-

-

-

-

-

-

-

-

-

-

171,217

151,404

131,614

-

-

-

-

-

-

-

-

-

Class B Common
Common stock

0

0

0

1

1

1

1

1

1

1

1

1

1

-

-

-

-

-

-

-

-

-