NV5 Global, Inc. (NVEE) · 10+ Years of Financial statements

Income Statement	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	32	63	61	68	108	155	224	333	418	509	659	707	787	862
+ Sales & Services Revenue	32	63	61	68	108	155	224	333	418	509	659	707	787	862
- Cost of Revenue	16	31	29	33	63	86	116	168	217	264	325	347	401	431
+ Cost of Goods & Services	16	31	29	33	63	86	116	168	217	264	325	347	401	431
Gross Profit	16	32	32	35	45	69	108	165	201	245	335	359	386	430
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	15	30	29	31	37	55	89	139	166	214	290	291	320	369
+ Selling, General & Admin	14	28	28	29	35	52	83	126	148	188	248	251	260	294
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	1	2	1	2	2	3	6	13	17	26	42	40	60	75
Operating Income (Loss)	1	3	2	4	8	14	18	27	36	31	44	68	66	61
- Non-Operating (Income) Loss	1	- -	- -	- -	- -	- -	- -	2	2	2	15	6	4	13
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	2	2	2	15	6	4	13
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	2	2	2	15	6	4	13
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Income	- -	2	2	4	8	13	18	25	34	29	29	62	62	48
- Income Tax Expense (Benefit)	- -	- -	1	1	3	5	7	1	7	5	8	15	12	4
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	- -	2	1	3	5	8	12	24	27	24	21	47	50	45
- Net Extraordinary Losses (Gains)	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	- -	1	1	3	5	8	12	24	27	24	21	47	50	45
- Minority Interest	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	- -	1	1	3	5	8	12	24	27	24	21	47	50	45
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	- -	1	1	3	5	8	12	24	27	24	21	47	50	45
Basic Weighted Avg Shares	6	6	4	4	5	7	9	10	11	12	12	14	15	15
Basic EPS, GAAP	-0.03	0.26	0.32	0.75	0.96	1.25	1.27	2.36	2.44	1.96	1.7	3.34	3.39	2.96
Basic EPS from Cont Ops	-0.02	0.35	0.32	0.75	0.96	1.25	1.27	2.36	2.44	1.96	1.7	3.34	3.39	2.96
Diluted Weighted Avg Shares	6	6	4	4	6	7	10	11	12	13	13	15	15	15
Diluted EPS, GAAP	-0.03	0.26	0.32	0.7	0.88	1.18	1.22	2.23	2.33	1.9	1.65	3.22	3.27	2.88
Diluted EPS from Cont Ops	-0.02	0.35	0.32	0.7	0.88	1.18	1.22	2.23	2.33	1.9	1.65	3.22	3.27	2.88
EBITDA	2	5	4	5	10	17	25	40	53	57	90	113	110	119
EBITDA Margin (%)	5.98	7.53	6.31	7.93	9.44	11.1	11	11.92	12.69	11.2	13.6	16.03	14.01	13.83
EBITA	1	3	2	4	8	14	18	27	36	31	44	68	66	61
EBIT	1	3	2	4	8	14	18	27	36	31	44	68	66	61
Gross Margin (%)	50.57	51.16	52.28	51.03	41.69	44.47	48.05	49.62	48.17	48.21	50.74	50.84	49.06	49.94
Operating Margin (%)	2.44	4.46	3.89	5.71	7.61	8.86	8.22	7.98	8.54	6.13	6.7	9.67	8.41	7.1
Profit Margin (%)	-0.55	2.24	2.13	4.04	4.51	5.49	5.18	7.21	6.42	4.67	3.19	6.67	6.35	5.18
Sales per Employee	- -	- -	137,986	156,495	166,998	158,621	146,155	164,624	175,370	151,380	206,223	206,157	215,911	209,873
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	1	2	1	2	2	3	6	13	17	26	45	45	44	58

Balance Sheet	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	22	19	18	32	35	74	115	131	185	251	289	304	291	329
+ Cash, Cash Equivalents & STI	3	3	2	14	7	23	36	19	41	32	65	48	39	45
+ Cash & Cash Equivalents	3	3	2	14	7	23	36	19	41	32	65	48	39	45
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	17	15	15	17	27	48	76	110	142	210	217	244	238	266
+ Accounts Receivable, Net	10	12	12	17	27	48	76	110	98	131	143	154	146	153
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	6	4	3	- -	- -	- -	- -	- -	43	79	74	90	93	113
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	2	- -	1	2	2	3	4	3	3	9	7	12	14	18
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	11	9	12	13	20	38	108	174	254	642	592	658	645	842
+ Property, Plant & Equip, Net	2	1	1	1	2	3	7	9	12	43	49	45	37	87
+ Property, Plant & Equip	3	3	3	3	4	6	11	15	22	72	71	77	81	142
- Accumulated Depreciation	- -	1	2	2	2	3	4	6	10	29	22	32	44	55
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	9	8	10	11	18	35	102	166	243	599	543	613	608	754
+ Total Intangible Assets	8	7	9	10	16	34	100	165	241	565	519	578	561	751
+ Goodwill	4	4	6	7	11	22	59	99	141	309	344	390	401	525
+ Other Intangible Assets	3	2	3	3	5	12	41	66	100	256	175	188	160	227
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	1	1	2	1	2	1	2	1	2	34	25	35	47	3
Total Assets	32	28	30	45	55	112	224	306	439	893	881	962	936	1,171
+ Payables & Accruals	8	8	8	9	11	17	32	43	46	84	85	106	102	88
+ Accounts Payable	4	4	3	4	5	7	14	18	23	36	40	56	58	55
+ Accrued Taxes	1	2	2	1	1	1	1	6	3	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	4	3	2	4	5	10	17	19	21	47	45	50	44	33
+ ST Debt	2	1	4	2	3	4	11	11	17	25	24	21	15	23
+ ST Borrowings	2	1	4	2	3	4	11	11	17	25	24	21	15	9
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	13	14	14	14	14
+ Other ST Liabilities	6	3	2	2	1	1	1	2	10	5	27	37	44	48
+ Deferred Revenue	2	1	- -	1	- -	- -	- -	1	8	4	25	31	31	42
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	2	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	2	1	1	1	1	- -	1	1	2	2	1	6	12	6
Total Current Liabilities	16	12	13	12	16	22	44	56	73	114	136	164	161	159
+ LT Debt	5	4	4	3	3	6	22	57	30	367	283	111	40	205
+ LT Borrowings	5	4	4	3	3	6	22	57	30	333	283	111	40	205
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	35	2	1	2	- -
+ Other LT Liabilities	2	1	2	2	1	2	10	12	19	55	68	62	41	30
+ Accrued Liabilities	- -	- -	- -	- -	- -	2	8	11	16	53	28	25	7	3
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	2	1	2	2	1	1	2	1	3	2	40	37	34	27
Total Noncurrent Liabilities	7	5	5	4	4	9	32	69	49	423	351	173	81	235
Total Liabilities	23	17	19	16	20	31	75	126	122	537	487	337	241	395
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	6	10	9	24	26	62	118	126	237	251	268	452	471	508
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	6	10	9	24	26	62	118	126	237	251	268	452	471	508
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	- -	1	2	5	10	18	30	54	81	105	126	173	223	267
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	5	11	11	29	36	81	148	180	318	356	394	625	694	776
+ Minority/Non Controlling Interest	4	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	10	11	11	29	36	81	148	180	318	356	394	625	694	776
Total Liabilities & Equity	32	28	30	45	55	112	224	306	439	893	881	962	936	1,171
Shares Outstanding	6	6	4	6	6	8	11	11	13	13	13	15	16	16
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	48	16	15	17	14
Net Debt	3	2	5	-10	-1	-13	-3	50	6	326	243	84	16	170
Net Debt to Equity	30.69	20.65	44.81	-33.47	-1.73	-15.81	-2.21	27.66	1.97	91.68	61.57	13.42	2.35	21.9
Tangible Common Equity Ratio	7.83	17.86	12.9	53.8	49.3	60.11	38.83	10.94	38.67	-63.79	-34.39	12.14	35.49	5.85
Current Ratio	1.39	1.53	1.39	2.68	2.29	3.32	2.64	2.33	2.54	2.2	2.12	1.85	1.81	2.06
Cash Conversion Cycle	- -	19.42	27.66	38.12	47.33	62.74	68.82	67.03	56.48	41.6	33.01	26.17	17.68	15.51
Number of Employees	- -	- -	439	436	649	975	1,532	2,023	2,384	3,362	3,197	3,428	3,644	4,106

Cash Flow Statement	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
+ Net Income	- -	2	1	3	5	8	12	24	27	24	21	47	50	45
+ Depreciation & Amortization	1	2	1	2	2	3	6	13	17	26	45	45	44	58
+ Non-Cash Items	- -	-1	-1	- -	1	-1	- -	-7	4	14	16	23	17	2
+ Stock-Based Compensation	- -	- -	- -	- -	1	2	2	4	7	10	15	16	19	22
+ Deferred Income Taxes	- -	-2	-1	-1	- -	-1	-2	-11	-4	-7	-13	-7	-18	-26
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	- -	1	- -	- -	- -	-2	-1	- -	1	11	14	14	16	5
+ Chg in Non-Cash Work Cap	2	- -	- -	-1	-6	-5	-3	-12	-14	-24	13	-14	-17	-43
+ (Inc) Dec in Accts Receiv	2	1	1	- -	-8	-5	-8	-15	-11	-7	-12	-10	7	-8
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	-1	1	1	- -	- -	-4	5	-4	-1	-2
+ Inc (Dec) in Accts Payable	-1	- -	-1	- -	2	-1	4	1	-6	-9	-1	-4	-22	-28
+ Inc (Dec) in Other	- -	-1	- -	- -	- -	- -	- -	1	4	-4	22	4	-1	-4
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	3	2	2	3	1	6	15	18	35	40	96	101	94	62
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	-1	-1	-1	-1	-1	-2	-2	-3	-10	-14	-16	-17
+ Acq of Fixed Prod Assets	- -	- -	-1	-1	-1	-1	-1	-2	-2	-3	-10	-14	-16	-17
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	-2	- -	-1	-2	-5	-10	-46	-61	-58	-348	-1	-68	-6	-189
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-2	- -	-1	-2	-5	-10	-46	-61	-58	-348	-1	-68	-6	-189
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	2	- -	1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-3	- -	-2	-2	-5	-11	-47	-63	-60	-351	-9	-80	-22	-206
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	-1	-2	- -	-4	-2	-11	-5	29	-46	307	-52	-59	-80	151
+ Cash From Debt	3	- -	2	1	- -	- -	- -	47	- -	330	- -	278	- -	188
+ Repayments of Debt	-4	-2	-2	-4	-2	-11	-5	-18	-46	-23	-52	-336	-80	-37
+ Cash (Repurchase) of Equity	5	-1	-1	9	-1	28	47	- -	93	- -	- -	172	- -	- -
+ Increase in Capital Stock	6	- -	- -	10	- -	32	51	- -	100	- -	- -	172	- -	- -
+ Decrease in Capital Stock	- -	-1	-1	-1	-1	-4	-4	- -	-7	- -	- -	- -	- -	- -
+ Other Financing Activities	- -	-1	- -	5	- -	4	1	-1	- -	-5	-2	-152	-1	-1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	4	-3	- -	10	-3	22	44	28	47	302	-54	-38	-82	150
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	4	-1	- -	12	-7	17	12	-17	22	-9	33	-17	-9	6
EBITDA	2	5	4	5	10	17	25	40	53	57	90	113	110	119
EBITDA Margin (%)	5.98	7.53	6.31	7.93	9.44	11.1	11	11.92	12.69	11.2	13.6	16.03	14.01	13.83
Net Cash Paid for Acquisitions	2	- -	1	2	5	10	46	61	58	348	1	68	6	189
Free Cash Flow	2	2	1	3	1	5	14	15	33	37	86	88	78	45
Free Cash Flow to Firm	1	2	1	3	1	6	14	17	34	39	97	92	81	57
Free Cash Flow to Equity	- -	1	1	-1	-1	-5	10	44	-13	344	34	29	-2	196
Free Cash Flow per Basic Share	0.42	0.37	0.25	0.79	0.12	0.79	1.56	1.51	2.98	3.08	6.97	6.19	5.31	2.99
Price/Free Cash Flow	- -	- -	- -	8.17	33.13	24.59	19.85	30.09	18.2	14.5	9.51	17.34	18.39	21.98
Cash Flow to Net Income	-14.71	1.71	1.19	1.24	0.29	0.7	1.31	0.73	1.3	1.68	4.57	2.15	1.88	1.39

NV5 Global, Inc.

NVEE US

91.90

91.90