← VERRA MOBILITY Corp
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $29.0m | $1.4m | ($58.4m) | $33.3m | ($4.6m) | $41.4m | $92.5m | $57.0m | $31.4m | $136.6m | — | |
| Depreciation, Depletion and Amortization | $33.8m | — | $103.3m | $115.6m | $116.6m | $116.8m | $138.7m | $113.1m | $108.5m | $114.1m | $115.2m | |
| Amortization of Debt Issuance Costs | — | — | $9.2m | $6.6m | $5.4m | $5.2m | $5.5m | $4.7m | $4.1m | $3.4m | — | |
| Amortization of Debt Issuance Costs and Discounts | — | — | — | $6.6m | $5.4m | $5.2m | $5.5m | $4.7m | $4.1m | $3.4m | — | |
| Amortization of Intangible Assets | — | — | $80.8m | $92.8m | $93.5m | $89.9m | $106.2m | $77.6m | $67.0m | $64.4m | — | |
| Depreciation | $33.8m | — | $22.5m | $22.8m | $23.1m | $26.8m | $32.2m | $35.2m | $41.4m | $49.5m | $115.2m | |
| Amortization of deferred financing costs and discounts | — | — | $9.2m | $6.6m | $5.4m | $5.2m | $5.5m | $4.7m | $4.1m | $3.4m | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $138.7m | $113.1m | $108.5m | $114.1m | $115.2m | |
| Deferred Income Tax Expense (Benefit) | ($3.2m) | — | ($24.4m) | ($10.9m) | ($4.7m) | ($10.6m) | ($17.4m) | ($27.0m) | ($10.0m) | $19.3m | $18.5m | |
| Deferred Income Tax | — | — | — | — | — | — | ($18.1m) | ($30.1m) | ($10.3m) | $17.6m | $18.5m | |
| Deferred Tax | — | — | — | — | — | — | ($18.1m) | ($30.1m) | ($10.3m) | $17.6m | $18.5m | |
| Share-based Payment Arrangement, Noncash Expense | — | — | $2.3m | $10.0m | $12.6m | $13.8m | $16.7m | $17.5m | $23.0m | $25.2m | $18.6m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $5.0m | $4.1m | $5.7m | $6.5m | $3.1m | $6.0m | $7.3m | — | |
| Share-based Payment Arrangement, Expense | — | — | $2.3m | $10.0m | $12.6m | $13.8m | $16.7m | $17.5m | $23.0m | $25.2m | $18.6m | |
| Stock-based compensation | ($619k) | — | $2.3m | $10.0m | $12.6m | $13.8m | $16.7m | $17.5m | $23.0m | $25.2m | $18.6m | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | — | — | $97.1m | $0 | — | |
| Goodwill, Impairment Loss | — | — | — | — | $0 | — | — | — | $97.1m | $0 | $130.1m | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | — | — | — | — | — | $1.0m | — | |
| Goodwill impairment | — | — | — | — | — | — | $0 | $0 | $97.1m | $0 | $130.1m | |
| Impairment of long-lived assets and ROU assets | — | — | — | — | — | $0 | $0 | $4.3m | $170k | $9.4m | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $14.5m | $13.3m | $110.2m | $32.3m | $130.1m | |
| Nonoperating Income (Expense) | — | — | ($87.2m) | ($49.5m) | ($37.0m) | ($44.0m) | ($37.6m) | ($101.8m) | ($56.9m) | ($43.4m) | — | |
| Other Nonoperating Income (Expense) | — | — | $8.8m | $11.2m | $11.9m | $12.9m | $12.7m | $11.1m | $19.0m | $23.2m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($16.0m) | $2.1m | ($47.8m) | ($76.1m) | ($111.3m) | |
| Increase (Decrease) in Accounts Receivable | — | — | $23.7m | $12.7m | $90.6m | $14.9m | $17.7m | $42.5m | $22.7m | $49.6m | ($103.8m) | |
| Accounts receivable | ($17.4m) | — | ($23.7m) | ($12.7m) | ($90.6m) | ($14.9m) | ($17.7m) | ($42.5m) | ($22.7m) | ($49.6m) | ($103.8m) | |
| Unbilled receivables | ($2.7m) | — | ($6.1m) | ($6.4m) | $6.0m | ($7.8m) | ($1.9m) | ($6.3m) | ($12.0m) | ($7.3m) | ($103.8m) | |
| Change In Receivables | — | — | — | — | — | — | ($19.6m) | ($48.7m) | ($34.7m) | ($56.9m) | ($103.8m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($17.7m) | ($42.5m) | ($22.7m) | ($49.6m) | ($103.8m) | |
| Increase (Decrease) in Inventories | — | — | — | — | — | ($2.8m) | $10.3m | ($1.1m) | ($1.9m) | ($3.4m) | ($6.5m) | |
| Inventory | — | — | — | — | — | $2.8m | ($10.3m) | $1.1m | $1.9m | $3.4m | ($6.5m) | |
| Accounts payable and other current liabilities | — | — | — | ($8.5m) | ($16.9m) | $8.3m | $6.5m | $50.5m | ($16.4m) | ($1.8m) | — | |
| Purchases of installation and service parts and property and equipment in accounts payable and accrued liabilities at year-end | $3.7m | — | $3.2m | $4.2m | $1.3m | $1.7m | $10.4m | $5.1m | $8.9m | $10.5m | — | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $6.5m | $50.5m | ($16.4m) | ($1.8m) | $13.3m | |
| Deferred revenue | — | — | — | $316k | $58k | ($4.0m) | $4.6m | ($2.4m) | $1.2m | ($3.2m) | — | |
| Accrued excise tax payable on net share repurchases | — | — | — | — | — | — | $0 | $0 | $1.7m | $1.3m | — | |
| Increase (Decrease) in Other Operating Assets | — | — | $845k | — | — | — | — | — | — | — | — | |
| Other | — | — | — | $1.7m | $1.2m | $308k | $1.7m | $359k | $1.4m | $2.8m | — | |
| Prepaid expenses and other assets | ($2.6m) | — | $3.0m | ($7.2m) | $3.8m | ($5.1m) | $4.3m | ($2.2m) | $5.9m | ($10.3m) | — | |
| Other liabilities | ($2.1m) | — | $513k | ($2.2m) | ($4.3m) | ($4.4m) | ($1.4m) | $3.7m | ($5.8m) | ($7.3m) | — | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($1.4m) | $3.7m | ($5.8m) | ($7.3m) | ($843k) | |
| Net Cash Provided by (Used in) Operating Activities | $43.8m |
$2.4m
-94.46%
|
$46.0m
+1794.61%
|
$133.8m
+190.77%
|
$46.9m
-64.94%
|
$193.2m
+311.80%
|
$218.3m
+13.03%
|
$206.1m
-5.60%
|
$223.6m
+8.51%
|
$255.8m
+14.38%
|
$214.9m
-15.98%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $1.9m | — | $26.6m | $29.7m | $24.3m | $25.0m | $48.2m | $57.0m | $70.9m | $119.1m | ($118.0m) | |
| Payments to Acquire Investments | — | $400.0m | — | — | — | — | — | — | — | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $536.7m | $25.5m | — | $451.2m | — | $0 | — | — | $0 | |
| Net Other Investing Changes | — | — | — | — | — | — | $241k | $332k | $314k | $305k | $417k | |
| Net Cash Provided by (Used in) Investing Activities | ($35.1m) | ($402.7m) | ($562.9m) | ($55.0m) | ($24.2m) | ($476.0m) | ($48.6m) | ($58.3m) | ($69.7m) | ($118.8m) | ($117.6m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | ($26.5m) | — | — | ($5.3m) | $3.0m | ($3.5m) | ($1.7m) | ($1.3m) | — | |
| Repayments of Long-term Debt | — | — | $654.9m | $9.1m | $28.8m | $884.5m | $9.0m | $181.5m | $45.6m | $38.3m | ($147.7m) | |
| Proceeds from Issuance of Long-term Debt | — | — | $1.1b | — | — | $1.2b | — | $0 | $36.6m | $29.8m | $140.3m | |
| Loss on extinguishment of debt | — | — | $26.5m | — | — | $5.3m | ($3.0m) | $3.5m | $1.7m | $1.3m | — | |
| Borrowings on long-term debt | — | — | $1.1b | — | — | $1.2b | $0 | $0 | $36.6m | $29.8m | — | |
| Repayment of long-term debt | — | — | ($654.9m) | ($9.1m) | ($28.8m) | ($884.5m) | ($9.0m) | ($181.5m) | ($45.6m) | ($38.3m) | — | |
| Payment of debt issuance costs | — | — | ($31.8m) | ($426k) | ($1.1m) | ($10.6m) | ($447k) | ($459k) | ($716k) | ($2.8m) | — | |
| Issuance Of Debt | — | — | — | — | — | — | $0 | $0 | $36.6m | $29.8m | $140.3m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | $36.6m | $29.8m | $140.3m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($34.0m) | ($181.5m) | ($45.6m) | ($38.3m) | ($147.7m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($34.0m) | ($181.5m) | ($9.0m) | ($8.5m) | ($7.4m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($34.0m) | ($181.5m) | ($9.0m) | ($8.5m) | ($7.4m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($34.0m) | ($181.5m) | ($45.6m) | ($38.3m) | ($147.7m) | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | $100.0m | $125.1m | $100.0m | $200.0m | $133.4m | — | |
| Common Stock Payments | — | — | — | — | — | — | ($125.1m) | ($100.0m) | ($200.0m) | ($133.4m) | ($185.0m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($125.1m) | ($100.0m) | ($200.0m) | ($133.4m) | ($185.0m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($125.1m) | ($100.0m) | ($200.0m) | ($133.4m) | ($185.0m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($7.2m) | ($3.6m) | ($6.7m) | ($10.1m) | ($6.2m) | |
| Net Cash Provided by (Used in) Financing Activities | — | $401.1m |
$574.3m
+43.16%
|
($14.5m)
-102.53%
|
($34.0m)
-134.19%
|
$268.7m
+890.27%
|
($164.9m)
-161.38%
|
($117.8m)
+28.58%
|
($211.4m)
-79.49%
|
($151.0m)
+28.59%
|
($198.0m)
-31.18%
|
|
| Net (decrease) increase in cash, cash equivalents and restricted cash | $1.7m | — | $56.6m | $65.3m | ($11.5m) | ($16.5m) | $4.7m | $30.6m | ($58.6m) | ($12.8m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $56.6m | $65.3m | ($11.5m) | ($16.5m) | $4.7m | $30.6m | ($58.6m) | ($12.8m) | $53.2m | |
| Cash, cash equivalents and restricted cash - beginning of period | $4.3m | — | $67.1m | $132.4m | $120.9m | $104.4m | $109.1m | $139.7m | $81.2m | $68.3m | — | |
| Beginning Cash Position | — | — | — | — | — | — | $104.4m | $109.1m | $139.7m | $81.2m | $153.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $67.1m | $132.4m | $120.9m | $104.4m | $109.1m | $139.7m | $81.2m | $68.3m | $53.2m | |
| Restricted cash | — | — | — | $917k | $633k | $3.1m | $3.9m | $3.4m | $3.6m | $3.0m | — | |
| Effect of exchange rate changes on cash and cash equivalents | — | — | ($856k) | $1.0m | ($290k) | ($2.4m) | ($130k) | $589k | ($1.1m) | $1.1m | ($26k) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $2.1m | — | $60.4m | $55.2m | $35.8m | $35.8m | $63.7m | $86.1m | $76.2m | $65.0m | — | |
| Income Taxes Paid, Net | $27.0m | $70k | $762k | $24.4m | $12.6m | $35.8m | $47.6m | $54.0m | $50.2m | $47.1m | — | |
| Additional Financial Items | ||||||||||||
| Asset Retirement Obligation, Accretion Expense | — | — | $396k | $350k | $259k | $308k | $445k | $760k | $678k | $486k | — | |
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | — | — | — | — | ($817k) | ($494k) | $0 | — | |
| Gain (Loss) on Disposition of Assets | — | — | $0 | ($205k) | ($274k) | ($48k) | $1.5m | ($128k) | ($546k) | ($2.2m) | — | |
| Gain (Loss) on Termination of Lease | — | — | — | — | — | — | — | — | — | $1.5m | — | |
| Goodwill | — | — | $564.7m | $584.1m | $586.4m | $838.9m | $833.5m | $835.8m | $735.6m | $741.6m | $130.1m | |
| Income Tax Expense (Benefit) | — | $811k | ($16.2m) | $13.6m | $5.4m | $26.5m | $34.6m | $30.0m | $47.7m | $58.3m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $73.9m | $64.6m | — | |
| Operating Costs and Expenses | — | — | $108.9m | $125.6m | $115.7m | $163.4m | $226.3m | $273.3m | $295.9m | $333.2m | — | |
| Operating Lease, Expense | — | — | — | $5.7m | $5.3m | $7.5m | $8.8m | — | — | — | — | |
| Proceeds from Contributed Capital | — | — | $169.3m | — | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | — | — | — | — | — | $155k | $1.3m | $5.9m | $4.3m | $1.1m | — | |
| Change in fair value of private placement warrants | — | — | — | $16.3m | $1.1m | $7.6m | ($14.4m) | $25.0m | $0 | $0 | — | |
| Tax receivable agreement liability adjustment | — | — | — | ($106k) | $6.8m | ($1.0m) | ($720k) | ($3.1m) | ($257k) | $687k | — | |
| Change in fair value of interest rate swap | — | — | — | — | — | — | ($996k) | ($320k) | $1.3m | $0 | — | |
| Gain on lease modification | — | — | — | — | — | — | — | $0 | $0 | ($1.5m) | — | |
| Credit loss expense | $7.9m | — | $6.0m | $8.1m | $14.4m | $9.6m | $14.5m | $9.1m | $13.0m | $23.0m | — | |
| UTP reserve release | — | — | — | — | — | — | — | $0 | $0 | ($2.4m) | — | |
| Cash receipts (payments) for interest rate swap | — | — | — | — | — | — | $0 | ($1.1m) | $822k | $0 | — | |
| Cash proceeds from the sale of assets | — | — | $418k | $231k | $107k | $265k | $241k | $332k | $314k | $305k | — | |
| Proceeds from the exercise of warrants | — | — | — | — | — | $0 | $0 | $161.4m | $0 | $0 | — | |
| Share repurchases and retirement | — | — | — | — | — | ($100.0m) | ($125.1m) | ($100.0m) | ($200.0m) | ($133.4m) | — | |
| Proceeds from exercise of stock options | — | — | — | — | — | $155k | $1.3m | $5.9m | $4.3m | $1.1m | — | |
| Payment of employee tax withholding related to RSUs and PSUs vesting | — | — | — | ($5.0m) | ($4.1m) | ($5.7m) | ($6.5m) | ($3.1m) | ($6.0m) | ($7.3m) | — | |
| Cash and cash equivalents | — | $826k | — | $131.5m | $120.3m | $101.3m | $105.2m | $136.3m | $77.6m | $65.3m | $153.9m | |
| Operating lease assets obtained in exchange for new operating lease liabilities | — | — | — | — | — | — | $0 | $0 | $4.0m | $29.8m | — | |
| Operating lease asset and operating lease liability released for modified lease | — | — | — | — | — | — | — | $0 | $0 | $15.0m | — | |
| Earn-out shares issued to PE Greenlight Holdings, LLC | — | — | — | — | — | — | $0 | $36.6m | $0 | $0 | — | |
| Increase in additional paid-in capital due to exercise of private placement warrants | — | — | — | — | — | $0 | $0 | $49.0m | $0 | $0 | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($164.9m) | ($117.8m) | ($211.4m) | ($151.0m) | ($198.0m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($48.6m) | ($58.3m) | ($69.7m) | ($118.8m) | ($117.6m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $4.7m | $30.6m | ($58.6m) | ($12.8m) | — | |
| Change In Other Working Capital | — | — | — | — | — | — | $4.6m | ($2.4m) | $1.2m | ($3.2m) | ($8.1m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | $4.3m | ($2.2m) | $5.9m | ($10.3m) | ($5.3m) | |
| Changes In Cash | — | — | — | — | — | — | $4.8m | $30.0m | ($57.5m) | ($14.0m) | ($100.7m) | |
| End Cash Position | — | — | — | — | — | — | $109.1m | $139.7m | $81.2m | $68.3m | $53.2m | |
| Financing Cash Flow | — | — | — | — | — | — | ($164.9m) |
($117.8m)
+28.58%
|
($211.4m)
-79.49%
|
($151.0m)
+28.59%
|
($198.0m)
-31.18%
|
|
| Free Cash Flow | — | — | — | — | — | — | $170.2m | $148.6m | $152.8m | $136.7m | $96.9m | |
| Gain Loss On Investment Securities | — | — | — | — | — | $7.6m | ($15.4m) | $24.6m | $1.3m | — | $1.3m | |
| Investing Cash Flow | — | — | — | — | — | — | ($48.6m) | ($58.3m) | ($69.7m) | ($118.8m) | ($117.6m) | |
| Net Business Purchase And Sale | — | — | — | — | — | ($451.2m) | ($647k) | $0 | $0 | — | $0 | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | $0 | ($500k) | $0 | $0 | $0 | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $0 | ($1.1m) | $822k | $0 | $256k | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($48.2m) | ($57.0m) | ($70.9m) | ($119.1m) | ($118.0m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($18.4m) | $28.2m | $3.1m | $1.3m | $2.4m | |
| Other Non Cash Items | — | — | — | — | — | — | $8.5m | $5.0m | $5.5m | $4.7m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $1.3m | $167.3m | $4.3m | $1.1m | $582k | |
| Purchase Of Business | — | — | — | — | — | ($451.2m) | ($647k) | $0 | $0 | — | $0 | |
| Purchase Of Intangibles | — | — | — | — | — | — | $0 | ($500k) | $0 | $0 | $0 | |
| Purchase Of Investment | — | — | — | — | — | $0 | $0 | ($1.1m) | — | — | — | |
| Purchase Of PPE | — | — | $26.6m | $29.7m | $24.3m | $25.0m | ($48.2m) | ($57.0m) | ($70.9m) | ($119.1m) | ($118.0m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.