NV5 Global, Inc.
Jack Cochran
Vice President, Marketing & Investor Relations
Tel: +1-954-637-8048
Email: ir@nv5.com

Source: NV5 Global, Inc.

NV5 GLOBAL, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(UNAUDITED) 
(in thousands, except share data)

	July 2, 2022			January 1, 2022
Assets
Current assets:
Cash and cash equivalents	$	44,422		$	47,980
Billed receivables, net		139,959			153,814
Unbilled receivables, net		93,486			89,734
Prepaid expenses and other current assets		13,159			12,442
Total current assets		291,026			303,970
Property and equipment, net		39,557			32,729
Right-of-use lease assets, net		40,595			44,260
Intangible assets, net		178,383			188,224
Goodwill		394,760			389,916
Other assets		2,639			2,844
Total Assets	$	946,960		$	961,943
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$	52,310		$	55,954
Accrued liabilities		51,135			50,461
Billings in excess of costs and estimated earnings on uncompleted contracts		22,625			29,444
Other current liabilities		1,454			1,551
Current portion of contingent consideration		9,772			5,807
Current portion of notes payable and other obligations		18,932			20,734
Total current liabilities		156,228			163,951
Contingent consideration, less current portion		3,020			2,521
Other long-term liabilities		30,564			34,304
Notes payable and other obligations, less current portion		73,839			111,062
Deferred income tax liabilities, net		22,366			25,385
Total liabilities		286,017			337,223
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.01 par value; 5,000,000 shares authorized, no shares issued and outstanding		—			—
Common stock, $0.01 par value; 45,000,000 shares authorized, 15,537,134 and 15,414,005 shares issued and outstanding as of July 2, 2022 and January 1, 2022, respectively		155			154
Additional paid-in capital		462,066			451,754
Retained earnings		198,722			172,812
Total stockholders’ equity		660,943			624,720
Total liabilities and stockholders’ equity	$	946,960		$	961,943