Verra mobility corporation (VRRM)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16
Assets
Current assets:
Cash and cash equivalents

113,583

131,513

135,564

92,247

91,484

65,048

168

1,671

8,724

626

1,082

1,236

3

Restricted cash

1,510

917

2,156

1,743

1,704

2,033

-

-

1,784

-

-

-

-

Accounts receivable (net of allowance for credit loss of $10.8 million at March 31, 2020)

109,839

93,514

108,682

106,261

94,630

87,511

-

-

60,180

-

-

-

-

Unbilled receivables

16,358

20,003

15,073

13,571

16,753

12,956

-

-

4,802

-

-

-

-

Prepaid expenses and other current assets

24,616

26,491

26,623

21,646

19,012

17,600

-

-

15,788

-

-

-

-

Deferred offering costs

-

-

-

-

-

-

-

-

-

-

-

-

414

Receivable - related party

-

-

-

-

-

-

-

-

-

-

-

-

0

Prepaid assets and deferred costs

-

-

-

-

-

-

263

159

-

201

254

274

-

Total current assets

265,906

272,438

288,098

235,468

223,583

185,148

432

1,830

91,281

827

1,337

1,510

418

Installation and service parts, net

8,022

8,841

7,936

10,028

10,822

9,282

-

-

9,066

-

-

-

-

Property and equipment, net

73,631

72,266

69,481

65,907

71,686

69,243

-

-

65,370

-

-

-

-

Operating lease assets

31,789

32,177

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

409,957

434,443

444,506

468,213

491,853

514,542

-

-

203,749

-

-

-

-

Goodwill

581,730

584,150

563,452

564,638

565,596

564,723

-

-

294,414

-

-

-

-

Other non-current assets

3,094

3,111

2,386

2,197

2,072

1,845

-

-

982

-

-

-

-

Investments and cash held in trust account

-

-

-

-

-

-

404,611

402,945

-

402,042

401,061

400,335

-

Total assets

1,374,129

1,407,426

1,375,859

1,346,451

1,365,612

1,344,783

405,044

404,775

664,865

402,869

402,398

401,845

418

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable

39,198

50,825

57,194

49,318

52,239

45,188

-

-

20,158

-

-

-

-

Accrued liabilities

23,701

25,277

24,020

20,295

30,448

14,444

3,077

161

10,086

42

420

431

282

Current portion of long-term debt

9,104

28,779

9,104

9,104

9,104

9,104

-

-

3,250

-

-

-

-

Income tax payable

-

-

-

-

-

-

-

1,059

-

-

-

-

-

State franchise tax accrual

-

-

-

-

-

-

20

50

-

67

22

-

1

Notes and advances payable related party

-

-

-

-

-

-

-

-

-

-

-

-

150

Total current liabilities

72,003

104,881

90,318

78,717

91,791

68,736

3,097

1,271

33,495

109

442

431

434

Long-term debt, net of current portion and deferred financing costs

835,507

837,686

858,189

859,133

859,768

860,249

-

-

425,439

-

-

-

-

Operating lease liabilities, net of current portion

29,917

30,130

-

-

-

-

-

-

-

-

-

-

-

Payable to related party pursuant to tax receivable agreement

61,174

61,174

66,097

66,097

66,097

69,996

-

-

-

-

-

-

-

Asset retirement obligation

6,387

6,309

6,740

6,873

6,855

6,750

-

-

6,373

-

-

-

-

Deferred underwriting compensation

-

-

-

-

-

-

14,000

14,000

-

14,000

14,000

14,000

-

Income tax payable

-

-

-

-

-

-

-

-

-

209

-

-

-

Deferred tax liabilities, net

24,472

25,716

24,052

22,039

32,647

33,627

4

14

49,603

337

-

-

-

Other long-term liabilities

269

2,183

2,872

3,764

3,633

3,369

-

-

2,689

-

-

-

-

Total liabilities

1,029,729

1,068,079

1,048,268

1,036,623

1,060,791

1,042,727

17,102

15,285

517,600

14,657

14,442

14,431

434

Commitments and contingencies (Note 14)

-

-

-

-

-

-

-

-

-

-

-

-

0

Class A subject to possible redemption, 38,224,967 and 38,368,855 shares at September 30, 2018 and December 31, 2017, respectively at redemption value of $10 per share)

-

-

-

-

-

-

382,942

384,490

-

383,212

382,955

382,413

-

Stockholders' equity
Common stock, $.0001 par value

16

16

16

16

16

16

-

-

6

-

-

-

-

Common stock contingent consideration

36,575

54,862

54,862

54,862

73,150

73,150

-

-

-

-

-

-

-

Additional paid-in capital

387,994

367,266

369,670

367,995

346,895

348,017

4,361

2,813

129,020

4,091

4,346

4,888

23

Accumulated deficit

-74,241

-80,220

-89,400

-107,152

-110,743

-113,306

637

2,185

18,238

907

652

110

-40

Accumulated other comprehensive loss

-5,944

-2,577

-7,557

-5,893

-4,497

-5,821

-

-

-

-

-

-

-

Total stockholders' equity

344,400

339,347

327,591

309,828

304,821

302,056

5,000

5,000

147,264

5,000

5,000

5,000

-15

Total liabilities and stockholders' equity

1,374,129

1,407,426

1,375,859

1,346,451

1,365,612

1,344,783

405,044

404,775

664,865

402,869

402,398

401,845

418