Verra Mobility Corporation(NASDAQ:VRRM) 
Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Canada, and Europe. It operates through two segments, Government Solutions and Commercial Services. The Government Solutions segment offers automated safety solutions, including services and te...
Website: http://www.verramobility.com
Founded: 2016
Full Time Employees: 779
Sector: Industrials
Industry: Security & Protection Services
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At a glance:
Bull Thesis:
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Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-06-01 | 2018-03-31 | 2017-12-31 | 2017-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
service revenue | 213,392,000 | 239,539,000 | 243,219,000 | 223,477,000 | 211,902,000 | 209,671,000 | 217,267,000 | 212,017,000 | 202,721,000 | 201,818,000 | 201,029,000 | 196,050,000 | 184,698,000 | 178,965,000 | 180,617,000 | 174,502,000 | 161,134,000 | 144,846,000 | 141,811,000 | 116,426,000 | 89,763,000 | 90,982,000 | 82,980,000 | 62,815,000 | 99,497,000 | 104,839,000 | 110,757,000 | 103,057,000 | 98,070,000 | |||||
product sales | 10,176,000 | 18,323,000 | 18,719,000 | 12,548,000 | 11,352,000 | 11,829,000 | 8,284,000 | 10,409,000 | 7,009,000 | 9,195,000 | 8,904,000 | 8,411,000 | 7,205,000 | 7,105,000 | 17,039,000 | 12,985,000 | 9,251,000 | 25,134,000 | 20,284,000 | 12,231,000 | 95,000 | 9,181,000 | 13,928,000 | 16,994,000 | 17,216,000 | 7,622,000 | 17,483,000 | 6,518,000 | 391,000 | |||||
total revenue | 223,568,000 | 257,862,000 | 261,938,000 | 236,025,000 | 223,254,000 | 221,500,000 | 225,551,000 | 222,426,000 | 209,730,000 | 211,013,000 | 209,933,000 | 204,461,000 | 191,903,000 | 186,070,000 | 197,656,000 | 187,487,000 | 170,385,000 | 169,980,000 | 162,095,000 | 128,657,000 | 89,858,000 | 100,163,000 | 96,908,000 | 79,809,000 | 116,713,000 | 112,461,000 | 128,240,000 | 109,575,000 | 98,461,000 | |||||
yoy | 0.14% | 16.42% | 16.13% | 6.11% | 6.45% | 4.97% | 7.44% | 8.79% | 9.29% | 13.41% | 6.21% | 9.05% | 12.63% | 9.47% | 21.94% | 45.73% | 89.62% | 69.70% | 67.27% | 61.21% | -23.01% | -10.94% | -24.43% | -27.16% | 18.54% | |||||||||
qoq | -13.30% | -1.56% | 10.98% | 5.72% | 0.79% | -1.80% | 1.40% | 6.05% | -0.61% | 0.51% | 2.68% | 6.54% | 3.13% | -5.86% | 5.42% | 10.04% | 0.24% | 4.86% | 25.99% | 43.18% | -10.29% | 3.36% | 21.42% | -31.62% | 3.78% | -12.30% | 17.03% | 11.29% | ||||||
cost of service revenue, excluding depreciation and amortization | 7,391,000 | 11,660,000 | 9,246,000 | 4,629,000 | 4,783,000 | 4,664,000 | 5,378,000 | 4,641,000 | 4,305,000 | |||||||||||||||||||||||||
cost of product sales | 8,290,000 | 15,713,000 | 12,826,000 | 8,946,000 | 8,032,000 | 8,303,000 | 5,621,000 | 7,848,000 | 5,286,000 | 7,022,000 | 6,864,000 | 5,962,000 | 5,383,000 | 5,294,000 | 11,317,000 | 8,326,000 | 5,995,000 | 14,247,000 | 9,391,000 | 6,144,000 | 27,000 | 4,735,000 | 7,088,000 | 9,060,000 | 8,690,000 | 3,487,000 | 7,238,000 | 2,918,000 | 276,000 | |||||
operating expenses | 85,943,000 | 90,149,000 | 88,036,000 | 81,317,000 | 73,739,000 | 74,368,000 | 76,026,000 | 74,903,000 | 70,640,000 | 76,915,000 | 68,873,000 | 65,657,000 | 61,843,000 | 59,529,000 | 60,536,000 | 55,196,000 | 51,063,000 | 48,135,000 | 48,309,000 | 36,434,000 | 30,492,000 | 30,227,000 | 26,544,000 | 26,699,000 | 32,259,000 | 31,542,000 | 32,965,000 | 31,795,000 | 29,338,000 | |||||
selling, general and administrative expenses | 40,853,000 | 67,550,000 | 47,757,000 | 48,466,000 | 51,501,000 | 52,622,000 | 47,918,000 | 46,343,000 | 48,171,000 | 73,056,000 | 42,276,000 | 43,205,000 | 40,013,000 | 40,220,000 | 41,126,000 | 40,152,000 | 41,635,000 | 37,155,000 | 31,580,000 | 26,229,000 | 28,443,000 | 25,446,000 | 17,511,000 | 20,821,000 | 25,886,000 | 22,784,000 | 21,293,000 | 20,865,000 | 20,551,000 | |||||
depreciation, amortization and loss on disposal of assets | 29,291,000 | 29,764,000 | 29,264,000 | 29,473,000 | 27,814,000 | 27,857,000 | 26,718,000 | 27,522,000 | 26,975,000 | 26,177,000 | 27,597,000 | 29,088,000 | 30,333,000 | 34,293,000 | 35,035,000 | 34,939,000 | 35,907,000 | 31,995,000 | 29,529,000 | 27,012,000 | 28,265,000 | 28,842,000 | 29,590,000 | 29,166,000 | 29,246,000 | 29,283,000 | 28,697,000 | 28,850,000 | ||||||
total costs and expenses | 171,768,000 | 214,836,000 | 187,129,000 | 172,831,000 | 165,869,000 | 264,890,000 | 161,661,000 | 161,257,000 | 155,377,000 | 187,684,000 | 150,760,000 | 148,250,000 | 141,802,000 | 144,030,000 | 152,158,000 | 142,326,000 | 138,379,000 | 133,245,000 | 120,221,000 | 97,151,000 | 88,107,000 | 90,078,000 | 81,640,000 | 86,759,000 | 97,300,000 | 88,267,000 | 91,581,000 | 91,939,000 | 80,495,000 | |||||
income from operations | 51,800,000 | 43,026,000 | 74,809,000 | 63,194,000 | 57,385,000 | -43,390,000 | 63,890,000 | 61,169,000 | 54,353,000 | 23,329,000 | 59,173,000 | 56,211,000 | 50,101,000 | 42,040,000 | 45,498,000 | 45,161,000 | 32,006,000 | 36,735,000 | 41,874,000 | 31,506,000 | 1,751,000 | 10,085,000 | 15,268,000 | -6,950,000 | 19,413,000 | 24,194,000 | 36,659,000 | 17,636,000 | 17,966,000 | |||||
yoy | -9.73% | -199.16% | 17.09% | 3.31% | 5.58% | -285.99% | 7.97% | 8.82% | 8.49% | -44.51% | 30.06% | 24.47% | 56.54% | 14.44% | 8.65% | 43.34% | 1727.87% | 264.25% | 174.26% | -553.32% | -90.98% | -58.32% | -58.35% | -139.41% | 8.05% | |||||||||
qoq | 20.39% | -42.49% | 18.38% | 10.12% | -232.25% | -167.91% | 4.45% | 12.54% | 132.98% | -60.57% | 5.27% | 12.20% | 19.17% | -7.60% | 0.75% | 41.10% | -12.87% | -12.27% | 32.91% | 1699.31% | -82.64% | -33.95% | -319.68% | -135.80% | -19.76% | -34.00% | 107.86% | -1.84% | ||||||
operating margin % | 23.17% | 16.69% | 28.56% | 26.77% | 25.70% | -19.59% | 28.33% | 27.50% | 25.92% | 11.06% | 28.19% | 27.49% | 26.11% | 22.59% | 23.02% | 24.09% | 18.78% | 21.61% | 25.83% | 24.49% | 1.95% | 10.07% | 15.76% | -8.71% | 16.63% | 21.51% | 28.59% | 16.09% | 18.25% | NaN% | NaN% | NaN% | NaN% | |
interest expense | 15,407,000 | 14,989,000 | 16,421,000 | 16,572,000 | 16,636,000 | 16,699,000 | 18,723,000 | 18,845,000 | 19,635,000 | 20,859,000 | 20,384,000 | 22,771,000 | 22,687,000 | 20,348,000 | 20,260,000 | 14,485,000 | 14,279,000 | 12,461,000 | 11,637,000 | 11,680,000 | 9,164,000 | 9,297,000 | 9,578,000 | 9,539,000 | 12,451,000 | 14,108,000 | 14,932,000 | 15,656,000 | 16,033,000 | |||||
loss on extinguishment of debt | 1,266,000 | 21,000 | 23,000 | 25,000 | 1,117,000 | 33,000 | 595,000 | 1,975,000 | 209,000 | 1,349,000 | -3,005,000 | 5,334,000 | ||||||||||||||||||||||
other income | -4,094,000 | -6,798,000 | -6,298,000 | -6,003,000 | -4,109,000 | -5,000,000 | -4,272,000 | -5,245,000 | -4,453,000 | 1,643,000 | -4,498,000 | -4,512,000 | -3,756,000 | -3,287,000 | -2,462,000 | -4,039,000 | -2,866,000 | -3,590,000 | -3,494,000 | -2,798,000 | -3,013,000 | -2,455,000 | -4,982,000 | -1,523,000 | -2,925,000 | -2,919,000 | -2,727,000 | -3,345,000 | -2,207,000 | |||||
total other expenses | 11,313,000 | 10,144,000 | 10,144,000 | 10,592,000 | 12,552,000 | 12,559,000 | 15,397,000 | 13,577,000 | 15,381,000 | 22,189,000 | 17,368,000 | 24,581,000 | 37,679,000 | 7,043,000 | 12,526,000 | 2,881,000 | 15,147,000 | 8,727,000 | 3,076,000 | 18,610,000 | 13,552,000 | 9,246,000 | 4,596,000 | 12,462,000 | 9,526,000 | 11,189,000 | 12,205,000 | 12,311,000 | ||||||
income before income taxes | 40,487,000 | 32,882,000 | 64,665,000 | 52,602,000 | 44,833,000 | -55,949,000 | 48,493,000 | 47,592,000 | 38,972,000 | 1,140,000 | 41,805,000 | 31,630,000 | 12,422,000 | 34,997,000 | 32,972,000 | 42,280,000 | 16,859,000 | 28,008,000 | 38,798,000 | 12,896,000 | ||||||||||||||
income tax provision | 13,743,000 | 14,002,000 | 17,826,000 | 14,027,000 | 12,494,000 | 10,707,000 | 13,761,000 | 13,369,000 | 9,823,000 | -1,882,000 | 11,497,000 | 12,522,000 | 7,845,000 | 6,779,000 | 8,396,000 | 12,639,000 | 6,819,000 | 8,942,000 | 11,492,000 | 8,904,000 | -2,886,000 | 2,255,000 | 3,986,000 | -4,024,000 | 3,214,000 | 3,825,000 | 6,702,000 | 1,734,000 | 1,320,000 | |||||
net income | 26,744,000 | 18,880,000 | 46,839,000 | 38,575,000 | 32,339,000 | -66,656,000 | 34,732,000 | 34,223,000 | 29,149,000 | 3,022,000 | 30,308,000 | 19,108,000 | 4,577,000 | 28,218,000 | 24,576,000 | 29,641,000 | 10,040,000 | 19,066,000 | 27,306,000 | 3,992,000 | -8,915,000 | -1,416,000 | 6,686,000 | -15,388,000 | 6,673,000 | 9,180,000 | 17,752,000 | 3,591,000 | 2,820,000 | |||||
yoy | -17.30% | -128.32% | 34.86% | 12.72% | 10.94% | -2305.69% | 14.60% | 79.10% | 536.86% | -89.29% | 23.32% | -35.54% | -54.41% | 48.00% | -10.00% | 642.51% | -212.62% | -1446.47% | 308.41% | -125.94% | -233.60% | -115.42% | -62.34% | -528.52% | 136.63% | |||||||||
qoq | 41.65% | -59.69% | 21.42% | 19.28% | -148.52% | -291.92% | 1.49% | 17.41% | 864.56% | -90.03% | 58.61% | 317.48% | -83.78% | 14.82% | -17.09% | 195.23% | -47.34% | -30.18% | 584.02% | -144.78% | 529.59% | -121.18% | -143.45% | -330.60% | -27.31% | -48.29% | 394.35% | 27.34% | ||||||
net income margin % | 11.96% | 7.32% | 17.88% | 16.34% | 14.49% | -30.09% | 15.40% | 15.39% | 13.90% | 1.43% | 14.44% | 9.35% | 2.39% | 15.17% | 12.43% | 15.81% | 5.89% | 11.22% | 16.85% | 3.10% | -9.92% | -1.41% | 6.90% | -19.28% | 5.72% | 8.16% | 13.84% | 3.28% | 2.86% | NaN% | NaN% | NaN% | NaN% | |
other comprehensive income: | ||||||||||||||||||||||||||||||||||
change in foreign currency translation adjustment | 994,000 | -734,000 | -790,000 | 6,386,000 | 2,127,000 | -10,747,000 | 5,190,000 | 1,434,000 | -3,260,000 | 6,250,000 | -4,189,000 | 718,000 | -90,000 | 8,069,000 | -8,167,000 | -10,381,000 | 2,708,000 | -1,648,000 | -3,818,000 | 351,000 | -190,000 | 4,196,000 | 2,467,000 | -508,000 | -3,367,000 | |||||||||
total comprehensive income | 27,738,000 | 18,146,000 | 46,049,000 | 44,961,000 | 34,466,000 | -77,403,000 | 39,922,000 | 35,657,000 | 25,889,000 | 9,272,000 | 26,119,000 | 19,826,000 | 4,487,000 | 36,287,000 | 16,409,000 | 19,260,000 | 12,748,000 | 17,418,000 | 23,488,000 | 4,343,000 | -9,105,000 | 2,780,000 | 9,153,000 | -15,896,000 | 3,306,000 | 14,160,000 | 16,088,000 | 2,195,000 | 4,144,000 | |||||
net income per share | ||||||||||||||||||||||||||||||||||
basic | 0.18 | 0.12 | 0.29 | 0.24 | 0.2 | -0.4 | 0.21 | 0.21 | 0.18 | 0.01 | 0.18 | 0.13 | 0.03 | 0.19 | 0.16 | 0.19 | 0.06 | 0.12 | 0.17 | 0.02 | -0.05 | -0.01 | 0.04 | -0.1 | 0.04 | |||||||||
diluted | 0.17 | 0.12 | 0.29 | 0.24 | 0.2 | -0.39 | 0.21 | 0.2 | 0.17 | 0.02 | 0.18 | 0.13 | 0.03 | 0.12 | 0.15 | 0.15 | 0.06 | 0.11 | 0.14 | 0.02 | -0.05 | -0.01 | 0.04 | -0.1 | 0.04 | |||||||||
weighted-average shares outstanding: | ||||||||||||||||||||||||||||||||||
basic | 151,847 | 159,000 | 159,552 | 159,478 | 159,544 | 165,090 | 164,735 | 166,064 | 166,241 | 158,777 | 168,089 | 151,132 | 149,165 | 152,848 | 151,429 | 154,694 | 156,130 | 159,983 | 159,358 | 162,378 | 162,297 | 161,632 | ||||||||||||
diluted | 153,689 | 161,292 | 161,861 | 161,543 | 162,066 | 167,717 | 167,624 | 168,615 | 168,726 | 160,017 | 169,497 | 152,590 | 153,129 | 159,026 | 158,304 | 160,344 | 160,749 | 163,778 | 165,431 | 166,028 | 162,297 | 161,632 | ||||||||||||
loss on interest rate swap | 913,000 | -396,000 | 2,764,000 | 60,000 | 2,798,000 | |||||||||||||||||||||||||||||
gain on interest rate swap | -23,000 | -4,805,000 | ||||||||||||||||||||||||||||||||
change in fair value of private placement warrants | -553,000 | 10,918,000 | 14,601,000 | -9,267,000 | -2,267,000 | -6,600,000 | 3,734,000 | 2,533,000 | -5,067,000 | 8,067,000 | 2,067,000 | |||||||||||||||||||||||
other comprehensive loss: | ||||||||||||||||||||||||||||||||||
cost of service revenue | 3,429,500 | 5,150,000 | 4,338,000 | 4,230,000 | 4,694,000 | 4,144,000 | 3,713,000 | 3,779,000 | 1,713,000 | 1,412,000 | 1,332,000 | 880,000 | 828,000 | 907,000 | 1,013,000 | 1,219,000 | 1,171,000 | 1,388,000 | 1,613,000 | 1,389,000 | ||||||||||||||
tax receivable agreement liability adjustment | 245,000 | -965,000 | -2,677,000 | 1,661,000 | ||||||||||||||||||||||||||||||
income before income tax provision | -11,801,000 | 839,000 | 10,672,000 | -19,412,000 | 9,887,000 | 13,005,000 | 24,454,000 | 5,325,000 | ||||||||||||||||||||||||||
impairment of property and equipment | 5,898,000 | |||||||||||||||||||||||||||||||||
loss from tax receivable agreement adjustment | 1,111,500 | 4,446,000 | ||||||||||||||||||||||||||||||||
weighted-average shares used for eps calculation | ||||||||||||||||||||||||||||||||||
basic outstanding | 40,365 | 161,744 | 161,710 | 160,924 | ||||||||||||||||||||||||||||||
diluted outstanding | 40,365 | 162,568 | 161,710 | 164,427 | ||||||||||||||||||||||||||||||
foreign currency translation adjustment | -434,000 | -1,664,000 | -1,396,000 | 1,324,000 | ||||||||||||||||||||||||||||||
earnings per share: | ||||||||||||||||||||||||||||||||||
basic weighted-average shares outstanding | 158,610 | 157,846 | 156,057 | 60,483,804 | ||||||||||||||||||||||||||||||
basic earnings per share | 0.038 | 0.11 | 0.02 | 0.02 | ||||||||||||||||||||||||||||||
diluted weighted-average shares outstanding | 163,705 | 161,977 | 156,458 | 60,483,804 | ||||||||||||||||||||||||||||||
diluted earnings per share | 0.038 | 0.11 | 0.02 | 0.02 | ||||||||||||||||||||||||||||||
depreciation, amortization, impairment and loss on disposal of assets | 28,941,000 | |||||||||||||||||||||||||||||||||
total other expense | 13,826,000 | |||||||||||||||||||||||||||||||||
income before income tax (benefit) provision | 4,140,000 | |||||||||||||||||||||||||||||||||
revenues | ||||||||||||||||||||||||||||||||||
professional fees and other incomes | -214,544 | 377,299 | -23,219 | |||||||||||||||||||||||||||||||
state franchise taxes, other than income tax | -50,000 | 133,250 | -1,312 | |||||||||||||||||||||||||||||||
net income from operations | -264,544 | 510,549 | -24,531 | |||||||||||||||||||||||||||||||
other income - interest income | 1,328,891 | -2,047,315 | 50 | |||||||||||||||||||||||||||||||
net income before income taxes | 1,064,347 | -1,536,766 | -24,481 | |||||||||||||||||||||||||||||||
benefit from income tax | -262,443 | -136,895.5 | ||||||||||||||||||||||||||||||||
net income attributable to common shares | 801,904 | -989,184 | -24,481 | |||||||||||||||||||||||||||||||
net income/(loss) per ordinary share: | ||||||||||||||||||||||||||||||||||
class a ordinary shares - basic and diluted | 0.02 | 0.008 | ||||||||||||||||||||||||||||||||
class f ordinary shares - basic and diluted | -0.01 | -0.005 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 46,894,000 | 65,272,000 | 196,096,000 | 147,651,000 | 108,453,000 | 77,560,000 | 206,088,000 | 122,020,000 | 149,520,000 | 136,309,000 | 114,379,000 | 210,083,000 | 64,267,000 | 105,204,000 | 51,576,000 | 86,392,000 | 93,377,000 | 101,283,000 | 128,247,000 | 147,346,000 | 249,605,000 | 120,259,000 | 129,158,000 | 113,239,000 | 113,583,000 | 131,513,000 | 135,564,000 | 92,247,000 | 91,484,000 | 65,048,194 | 7,533 | 168,794 | 1,671,071 | 826,201 | 626,193 | 1,082,494 | 1,236,089 |
restricted cash | 3,212,000 | 3,046,000 | 4,203,000 | 6,274,000 | 6,078,000 | 3,594,000 | 7,125,000 | 3,378,000 | 3,708,000 | 3,413,000 | 3,951,000 | 3,416,000 | 3,550,000 | 3,911,000 | 4,053,000 | 4,169,000 | 4,016,000 | 3,149,000 | 2,945,000 | 3,159,000 | 819,000 | 633,000 | 549,000 | 711,000 | 1,510,000 | 917,000 | 2,156,000 | 1,743,000 | 1,704,000 | 2,033,186 | |||||||
accounts receivable | 221,865,000 | 234,288,000 | 228,756,000 | 217,359,000 | 212,109,000 | 206,503,000 | 194,587,000 | 210,207,000 | 181,961,000 | 197,824,000 | 191,753,000 | 179,944,000 | 178,251,000 | 163,786,000 | 175,153,000 | 172,816,000 | 171,906,000 | 160,979,000 | 174,463,000 | 214,925,000 | 192,985,000 | 168,783,000 | 141,019,000 | 125,252,000 | 109,839,000 | 93,514,000 | 108,682,000 | 106,261,000 | 94,630,000 | 87,510,691 | |||||||
unbilled receivables | 82,687,000 | 56,100,000 | 59,205,000 | 51,426,000 | 46,776,000 | 48,193,000 | 51,100,000 | 44,151,000 | 43,323,000 | 37,065,000 | 40,069,000 | 36,843,000 | 34,184,000 | 30,782,000 | 32,784,000 | 33,830,000 | 39,484,000 | 29,109,000 | 27,422,000 | 23,871,000 | 14,881,000 | 14,045,000 | 16,145,000 | 12,532,000 | 16,358,000 | 20,003,000 | 15,073,000 | 13,571,000 | 16,753,000 | 12,955,507 | |||||||
inventory | 27,642,000 | 20,662,000 | 21,695,000 | 16,090,000 | 15,950,000 | 15,502,000 | 18,708,000 | 17,165,000 | 17,298,000 | 17,966,000 | 19,943,000 | 19,791,000 | 18,923,000 | 19,307,000 | 17,922,000 | 16,549,000 | 15,451,000 | 12,093,000 | |||||||||||||||||||
prepaid expenses and other current assets | 56,568,000 | 61,534,000 | 47,873,000 | 36,335,000 | 36,685,000 | 42,647,000 | 51,407,000 | 52,721,000 | 42,772,000 | 46,961,000 | 41,197,000 | 92,509,000 | 33,258,000 | 39,604,000 | 35,955,000 | 34,615,000 | 38,745,000 | 41,456,000 | 39,054,000 | 32,255,000 | 24,509,000 | 24,317,000 | 24,714,000 | 18,964,000 | 24,616,000 | 26,491,000 | 26,623,000 | 21,646,000 | 19,012,000 | 17,600,270 | |||||||
total current assets | 438,868,000 | 440,902,000 | 557,828,000 | 475,135,000 | 426,051,000 | 393,999,000 | 529,015,000 | 449,642,000 | 438,582,000 | 439,538,000 | 411,292,000 | 542,586,000 | 332,433,000 | 362,594,000 | 317,443,000 | 348,371,000 | 362,979,000 | 348,069,000 | 372,131,000 | 421,556,000 | 482,799,000 | 328,037,000 | 311,585,000 | 270,698,000 | 265,906,000 | 272,438,000 | 288,098,000 | 235,468,000 | 223,583,000 | 185,147,848 | 203,749 | 432,635 | 1,830,276 | 961,782 | 827,198 | 1,337,446 | 1,510,563 |
installation and service parts | 31,584,000 | 27,081,000 | 27,590,000 | 34,571,000 | 32,993,000 | 36,631,000 | 30,134,000 | 23,347,000 | 21,844,000 | 22,895,000 | 26,127,000 | 25,393,000 | 26,481,000 | 22,923,000 | 19,024,000 | 15,381,000 | 15,491,000 | 13,332,000 | 10,596,000 | 10,186,000 | 8,597,000 | 7,944,000 | 6,916,000 | 8,672,000 | 8,022,000 | 8,841,000 | 7,936,000 | 10,028,000 | 10,822,000 | 9,282,064 | |||||||
property and equipment | 225,879,000 | 208,703,000 | 195,793,000 | 177,804,000 | 154,108,000 | 141,601,000 | 136,815,000 | 133,314,000 | 126,975,000 | 123,248,000 | 117,827,000 | 114,467,000 | 111,376,000 | 109,775,000 | 105,268,000 | 102,755,000 | 99,351,000 | 96,066,000 | 95,786,000 | 94,308,000 | 67,741,000 | 70,284,000 | 73,155,000 | 73,604,000 | 73,631,000 | 72,266,000 | 69,481,000 | 65,907,000 | 71,686,000 | 69,242,811 | |||||||
operating lease assets | 43,777,000 | 36,359,000 | 35,813,000 | 20,226,000 | 30,013,000 | 29,895,000 | 30,710,000 | 30,346,000 | 31,599,000 | 33,523,000 | 35,299,000 | 37,170,000 | 38,012,000 | 37,593,000 | 36,399,000 | 38,146,000 | 39,944,000 | 38,862,000 | 32,960,000 | 34,662,000 | 30,172,000 | 29,787,000 | 30,548,000 | 30,933,000 | 31,789,000 | 32,177,000 | |||||||||||
intangible assets | 153,366,000 | 168,641,000 | 185,205,000 | 200,917,000 | 216,013,000 | 232,297,000 | 251,327,000 | 266,971,000 | 283,412,000 | 301,025,000 | 315,754,000 | 335,781,000 | 355,678,000 | 377,420,000 | 399,992,000 | 429,813,000 | 460,083,000 | 487,299,000 | 317,031,000 | 340,637,000 | 319,149,000 | 342,139,000 | 363,526,000 | 386,363,000 | 409,957,000 | 434,443,000 | 444,506,000 | 468,213,000 | 491,853,000 | 514,541,531 | |||||||
goodwill | 741,172,000 | 741,610,000 | 741,450,000 | 742,390,000 | 737,572,000 | 735,615,000 | 838,151,000 | 834,745,000 | 834,591,000 | 835,835,000 | 832,817,000 | 835,323,000 | 834,299,000 | 833,480,000 | 827,694,000 | 832,811,000 | 837,910,000 | 838,867,000 | 637,739,000 | 641,517,000 | 586,220,000 | 586,435,000 | 583,341,000 | 581,615,000 | 581,730,000 | 584,150,000 | 563,452,000 | 564,638,000 | 565,596,000 | 564,723,498 | |||||||
other non-current assets | 21,352,000 | 22,366,000 | 34,662,000 | 44,389,000 | 46,350,000 | 44,451,000 | 34,429,000 | 34,632,000 | 32,855,000 | 33,919,000 | 16,959,000 | 15,440,000 | 12,612,000 | 12,484,000 | 12,513,000 | 12,583,000 | 8,727,000 | 14,561,000 | 15,673,000 | 16,325,000 | 2,535,000 | 2,699,000 | 2,900,000 | 3,237,000 | 3,094,000 | 3,111,000 | 2,386,000 | 2,197,000 | 2,072,000 | 1,845,443 | |||||||
total assets | 1,655,998,000 | 1,645,662,000 | 1,778,341,000 | 1,695,432,000 | 1,643,100,000 | 1,614,489,000 | 1,850,581,000 | 1,772,997,000 | 1,769,858,000 | 1,789,983,000 | 1,756,075,000 | 1,906,160,000 | 1,710,891,000 | 1,756,269,000 | 1,718,333,000 | 1,779,860,000 | 1,824,485,000 | 1,837,056,000 | 1,481,916,000 | 1,559,191,000 | 1,497,213,000 | 1,367,325,000 | 1,371,971,000 | 1,355,122,000 | 1,374,129,000 | 1,407,426,000 | 1,375,859,000 | 1,346,451,000 | 1,365,612,000 | 1,344,783,195 | 406,197,116 | 405,044,580 | 404,775,528 | 403,697,597 | 402,869,391 | 402,398,683 | 401,845,957 |
liabilities and stockholders' equity | |||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||
accounts payable | 114,258,000 | 101,813,000 | 122,033,000 | 111,448,000 | 89,835,000 | 91,224,000 | 100,225,000 | 84,888,000 | 75,573,000 | 78,749,000 | 89,760,000 | 78,410,000 | 71,475,000 | 79,869,000 | 69,135,000 | 69,107,000 | 63,049,000 | 67,556,000 | 48,632,000 | 47,403,000 | 41,334,000 | 34,509,000 | 45,601,000 | 36,346,000 | 39,198,000 | 50,825,000 | 57,194,000 | 49,318,000 | 52,239,000 | 45,188,357 | |||||||
deferred revenue | 24,428,000 | 26,650,000 | 29,299,000 | 29,808,000 | 26,290,000 | 29,374,000 | 30,204,000 | 26,402,000 | 24,707,000 | 28,788,000 | 34,322,000 | 36,744,000 | 31,105,000 | 31,164,000 | 32,758,000 | 29,743,000 | 27,369,000 | 27,141,000 | |||||||||||||||||||
accrued liabilities | 53,868,000 | 69,851,000 | 71,222,000 | 61,586,000 | 73,538,000 | 73,980,000 | 66,966,000 | 58,911,000 | 54,067,000 | 93,119,000 | 59,459,000 | 51,642,000 | 52,044,000 | 48,847,000 | 45,068,000 | 49,596,000 | 46,668,000 | 38,435,000 | 53,663,000 | 44,728,000 | 17,394,000 | 15,636,000 | 17,309,000 | 19,570,000 | 23,701,000 | 25,277,000 | 24,020,000 | 20,295,000 | 30,448,000 | 14,443,967 | |||||||
tax receivable agreement liability, current portion | 5,257,000 | 5,257,000 | 5,340,000 | 5,163,000 | 5,163,000 | 5,163,000 | 5,098,000 | 5,098,000 | 5,098,000 | 5,098,000 | 5,007,000 | 4,994,000 | 4,994,000 | 4,994,000 | 5,107,000 | 5,107,000 | |||||||||||||||||||||
current portion of debt | 34,130,000 | ||||||||||||||||||||||||||||||||||||
total current liabilities | 231,941,000 | 210,459,000 | 227,894,000 | 208,005,000 | 194,826,000 | 199,741,000 | 202,493,000 | 175,299,000 | 159,445,000 | 214,773,000 | 197,567,000 | 180,809,000 | 168,637,000 | 186,809,000 | 161,087,000 | 165,505,000 | 154,145,000 | 175,191,000 | 116,930,000 | 106,743,000 | 70,430,000 | 64,040,000 | 72,014,000 | 65,020,000 | 72,003,000 | 104,881,000 | 90,318,000 | 78,717,000 | 91,791,000 | 68,735,842 | 4,942,958 | 3,097,932 | 1,271,021 | 198,119 | 109,538 | 442,748 | 431,965 |
debt, net of current portion | 1,021,487,000 | ||||||||||||||||||||||||||||||||||||
operating lease liabilities, net of current portion | 39,484,000 | 31,338,000 | 29,987,000 | 14,291,000 | 25,820,000 | 25,757,000 | 26,873,000 | 26,666,000 | 27,702,000 | 29,124,000 | 30,552,000 | 32,331,000 | 33,338,000 | 33,362,000 | 32,692,000 | 34,347,000 | 35,850,000 | 34,984,000 | 31,570,000 | 32,720,000 | 28,447,000 | 27,986,000 | 28,723,000 | 29,240,000 | 29,917,000 | 30,130,000 | |||||||||||
tax receivable agreement liability, net of current portion | 38,418,000 | 38,418,000 | 37,800,000 | 37,977,000 | 42,977,000 | 42,977,000 | 48,369,000 | 48,369,000 | 48,369,000 | 48,369,000 | 50,900,000 | 50,900,000 | 50,900,000 | 50,900,000 | 55,650,000 | 55,650,000 | |||||||||||||||||||||
asset retirement obligations | 18,581,000 | 17,789,000 | 17,453,000 | 17,178,000 | 15,838,000 | 15,493,000 | 15,208,000 | 15,258,000 | 14,980,000 | 14,580,000 | 14,075,000 | 13,729,000 | 13,411,000 | 12,993,000 | |||||||||||||||||||||||
deferred tax liabilities | 15,883,000 | 16,341,000 | 14,081,000 | 15,670,000 | 14,486,000 | 14,699,000 | 16,886,000 | 16,835,000 | 17,536,000 | 18,360,000 | 19,015,000 | 20,583,000 | 20,920,000 | 21,149,000 | 18,635,000 | 21,829,000 | 28,286,000 | 47,524,000 | 12,378,000 | 20,790,000 | 21,316,000 | 21,148,000 | 21,514,000 | 22,691,000 | 24,472,000 | 25,716,000 | 24,052,000 | 22,039,000 | 32,647,000 | 33,627,191 | |||||||
other long-term liabilities | 18,204,000 | 17,200,000 | 18,040,000 | 18,779,000 | 16,734,000 | 16,486,000 | 17,032,000 | 15,605,000 | 15,131,000 | 14,197,000 | 9,559,000 | 7,386,000 | 7,198,000 | 5,875,000 | 5,352,000 | 5,492,000 | 13,266,000 | 5,686,000 | 1,040,000 | 1,059,000 | 551,000 | 494,000 | 163,000 | 247,000 | 269,000 | 2,183,000 | 2,872,000 | 3,764,000 | 3,633,000 | 3,368,710 | |||||||
total liabilities | 1,383,998,000 | 1,352,702,000 | 1,375,193,000 | 1,343,330,000 | 1,343,525,000 | 1,349,364,000 | 1,364,035,000 | 1,334,370,000 | 1,320,863,000 | 1,368,516,000 | 1,352,019,000 | 1,440,860,000 | 1,473,783,000 | 1,525,199,000 | 1,523,442,000 | 1,535,637,000 | 1,548,670,000 | 1,577,092,000 | 1,238,250,000 | 1,242,766,000 | 1,188,695,000 | 1,020,887,000 | 1,028,049,000 | 1,023,372,000 | 1,029,729,000 | 1,068,079,000 | 1,048,268,000 | 1,036,623,000 | 1,060,791,000 | 1,042,727,063 | 18,947,438 | 17,102,412 | 15,285,072 | 15,009,045 | 14,657,120 | 14,442,748 | 14,431,965 |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||
stockholders' equity | |||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value... | |||||||||||||||||||||||||||||||||||||
class a common stock, 0.0001 par value... | 15,000 | 178 | 171 | 155 | 163 | 168 | 170 | 176 | |||||||||||||||||||||||||||||
additional paid-in capital | 541,507,000 | 547,274,000 | 562,172,000 | 557,169,000 | 549,603,000 | 551,955,000 | 564,491,000 | 556,494,000 | 557,363,000 | 557,513,000 | 549,374,000 | 533,626,000 | 306,974,000 | 305,423,000 | 307,471,000 | 311,252,000 | 312,986,000 | 309,883,000 | 311,003,000 | 379,235,000 | 375,671,000 | 393,995,000 | 394,259,000 | 391,240,000 | 387,994,000 | 367,266,000 | 369,670,000 | 367,995,000 | 346,895,000 | 348,017,132 | 5,054,157 | ||||||
accumulated deficit | -259,946,000 | -243,759,000 | -149,204,000 | -196,037,000 | -234,612,000 | -269,287,000 | -71,149,000 | -105,881,000 | -94,949,000 | -125,887,000 | -128,909,000 | -74,393,000 | -93,501,000 | -98,078,000 | -128,236,000 | -90,852,000 | -71,376,000 | -81,416,000 | -100,482,000 | -99,773,000 | -103,765,000 | -84,359,000 | -82,943,000 | -89,629,000 | -74,241,000 | -80,220,000 | -89,400,000 | -107,152,000 | |||||||||
accumulated other comprehensive loss | -9,576,000 | -10,570,000 | -9,836,000 | -9,046,000 | -15,432,000 | -17,559,000 | -6,812,000 | -12,002,000 | -13,436,000 | -10,176,000 | -16,426,000 | -12,237,000 | -12,955,000 | -12,865,000 | -20,934,000 | -12,767,000 | -2,386,000 | -3,985,000 | -6,452,000 | -5,944,000 | -2,577,000 | -7,557,000 | -5,893,000 | -4,497,000 | -5,820,312 | ||||||||||||
total stockholders' equity | 272,000,000 | 292,960,000 | 403,148,000 | 352,102,000 | 299,575,000 | 265,125,000 | 486,546,000 | 438,627,000 | 448,995,000 | 421,467,000 | 404,056,000 | 465,300,000 | 237,108,000 | 231,070,000 | 194,891,000 | 244,223,000 | 275,815,000 | 259,964,000 | 243,666,000 | 316,425,000 | 308,518,000 | 346,438,000 | 343,922,000 | 331,750,000 | 344,400,000 | 339,347,000 | 327,591,000 | 309,828,000 | 304,821,000 | 302,056,132 | 5,000,008 | ||||||
total liabilities and stockholders' equity | 1,655,998,000 | 1,645,662,000 | 1,778,341,000 | 1,695,432,000 | 1,643,100,000 | 1,614,489,000 | 1,850,581,000 | 1,772,997,000 | 1,769,858,000 | 1,789,983,000 | 1,756,075,000 | 1,906,160,000 | 1,710,891,000 | 1,756,269,000 | 1,718,333,000 | 1,779,860,000 | 1,824,485,000 | 1,837,056,000 | 1,481,916,000 | 1,559,191,000 | 1,497,213,000 | 1,367,325,000 | 1,371,971,000 | 1,355,122,000 | 1,374,129,000 | 1,407,426,000 | 1,375,859,000 | 1,346,451,000 | 1,365,612,000 | 1,344,783,195 | 406,197,116 | ||||||
current portion of long-term debt | 6,888,000 | 9,019,000 | 9,019,000 | 9,019,000 | 9,019,000 | 21,935,000 | 9,019,000 | 11,952,000 | 11,952,000 | 36,952,000 | 9,433,000 | 9,410,000 | 6,500,000 | 9,104,000 | 9,104,000 | 9,104,000 | 9,104,000 | 28,779,000 | 9,104,000 | 9,104,000 | 9,104,000 | 9,103,518 | |||||||||||||||
long-term debt | 1,021,157,000 | 1,029,938,000 | 1,031,430,000 | 1,032,844,000 | 1,034,211,000 | 1,037,174,000 | 1,036,338,000 | 1,037,700,000 | 1,029,113,000 | 1,030,351,000 | 1,129,692,000 | 1,140,712,000 | 1,190,045,000 | 1,204,006,000 | 1,205,169,000 | 1,206,276,000 | 1,206,802,000 | 965,362,000 | 966,066,000 | 965,945,000 | 832,941,000 | 833,624,000 | 834,317,000 | 835,507,000 | 837,686,000 | 858,189,000 | 859,133,000 | 859,768,000 | 860,249,164 | ||||||||
common stock, 0.0001 par value... | 15,000 | 16,000 | 16,000 | 16,000 | 16,000 | 16,000 | 16,000 | 17,000 | 17,000 | 17,000 | 15,000 | 16,000 | |||||||||||||||||||||||||
private placement warrant liabilities | 5,430,000 | 38,667,000 | 24,066,000 | 33,333,000 | 35,600,000 | 42,200,000 | 38,466,000 | 35,933,000 | 41,000,000 | 32,933,000 | |||||||||||||||||||||||||||
common stock contingent consideration | 18,287,000 | 36,575,000 | 36,575,000 | 36,575,000 | 36,575,000 | 36,575,000 | 36,575,000 | 36,575,000 | 36,575,000 | 36,575,000 | 36,575,000 | 36,575,000 | 36,575,000 | 36,575,000 | 54,862,000 | 54,862,000 | 54,862,000 | 73,150,000 | 73,150,000 | ||||||||||||||||||
preferred stock, 0.0001 par value | |||||||||||||||||||||||||||||||||||||
common stock | 17,000 | 15,000 | 15,000 | 15,000 | 16,000 | 16,000 | 16,000 | 16,000 | 16,000 | 16,000 | 16,000 | 16,000 | 16,000 | 16,000 | |||||||||||||||||||||||
asset retirement obligation | 12,687,000 | 12,045,000 | 12,032,000 | 11,824,000 | 10,708,000 | 10,059,000 | 6,406,000 | 6,409,000 | 6,391,000 | 6,237,000 | 6,387,000 | 6,309,000 | 6,740,000 | 6,873,000 | 6,855,000 | 6,749,822 | |||||||||||||||||||||
payable to related party pursuant to tax receivable agreement, current portion | 5,107,000 | 5,107,000 | 5,202,000 | 5,202,000 | 5,202,000 | 4,791,000 | |||||||||||||||||||||||||||||||
payable to related party pursuant to tax receivable agreement, net of current portion | 56,615,000 | 56,615,000 | 64,329,000 | 64,329,000 | 62,667,000 | 67,869,000 | |||||||||||||||||||||||||||||||
accumulated other comprehensive income | -5,094,000 | -3,446,000 | 372,000 | 21,000 | 211,000 | ||||||||||||||||||||||||||||||||
preferred stock, .0001 par value | |||||||||||||||||||||||||||||||||||||
preferred stock, .0001 par value... | |||||||||||||||||||||||||||||||||||||
common stock, .0001 par value... | 16,000 | 16,000 | 15,606 | ||||||||||||||||||||||||||||||||||
payable to related party pursuant to tax receivable agreement | 65,620,000 | 65,620,000 | 61,174,000 | 61,174,000 | |||||||||||||||||||||||||||||||||
payable related to tax receivable agreement | 66,097,000 | 66,097,000 | 66,097,000 | 69,996,334 | |||||||||||||||||||||||||||||||||
retained earnings | -110,743,000 | -113,306,294 | -55,327 | 637,162 | 2,185,451 | 1,383,547 | 907,266 | ||||||||||||||||||||||||||||||
prepaid assets and deferred costs | 196,216 | ||||||||||||||||||||||||||||||||||||
income tax receivable | |||||||||||||||||||||||||||||||||||||
investments and cash held in trust account | 405,993,367 | 404,611,945 | 402,945,252 | 402,735,815 | 402,042,193 | 401,061,237 | 400,335,394 | ||||||||||||||||||||||||||||||
accrued expenses, formation and offering costs | 4,912,958 | 3,077,932 | 161,703 | 66,191 | 42,301 | 420,510 | 431,965 | ||||||||||||||||||||||||||||||
state franchise tax accrual | 30,000 | 20,000 | 50,000 | 131,928 | 67,237 | 22,238 | |||||||||||||||||||||||||||||||
deferred underwriting compensation | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | ||||||||||||||||||||||||||||||
income tax payable | 1,059,318 | 806,445 | 209,785 | ||||||||||||||||||||||||||||||||||
deferred income taxes | 4,480 | ||||||||||||||||||||||||||||||||||||
commitments and contingencies: | |||||||||||||||||||||||||||||||||||||
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) | 382,249,670 | ||||||||||||||||||||||||||||||||||||
stockholders' equity: | |||||||||||||||||||||||||||||||||||||
class f common stock, 0.0001 par value... | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | ||||||||||||||||||||||||||||||
prepaid assets & deferred costs | 263,841 | ||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||||||
net deferred income tax | 4,480 | 14,051 | 4,481 | 337,797 | |||||||||||||||||||||||||||||||||
class a subject to possible redemption, 38,294,216 and 38,368,855 shares at june 30, 2018 and december 31, 2017, respectively | 382,942,160 | ||||||||||||||||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||||||||||||||||
additional paid-in-capital | 4,361,675 | 2,813,400 | 3,615,292 | 4,091,567 | 4,346,254 | 4,888,188 | |||||||||||||||||||||||||||||||
total stockholders’ equity | 5,000,008 | 5,000,006 | 5,000,002 | 5,000,001 | 5,000,005 | 5,000,002 | |||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 405,044,580 | 404,775,528 | 403,697,597 | 402,869,391 | 402,398,683 | 401,845,957 | |||||||||||||||||||||||||||||||
prepaid assets | 159,205 | 135,581 | 201,005 | 254,952 | 274,474 | ||||||||||||||||||||||||||||||||
class a subject to possible redemption, 38,449,045 and 38,368,855 shares at march 31, 2018 and december 31, 2017, respectively | 384,490,450 | ||||||||||||||||||||||||||||||||||||
deferred offering costs | |||||||||||||||||||||||||||||||||||||
receivable - related party | |||||||||||||||||||||||||||||||||||||
notes and advances payable – related party | |||||||||||||||||||||||||||||||||||||
class a subject to possible redemption, 38,368,855 and -0- shares at december 31, 2017 and december 31, 2016, respectively | 383,688,550 | ||||||||||||||||||||||||||||||||||||
class a subject to possible redemption, 38,321,227 and -0- shares at september 30, 2017 and december 31, 2016, respectively | 383,212,270 | ||||||||||||||||||||||||||||||||||||
class a subject to possible redemption, 38,295,593 and -0- shares at june 30, 2017 and december 31, 2016, respectively | 382,955,930 | ||||||||||||||||||||||||||||||||||||
deficit accumulated | 652,581 | 110,638 | |||||||||||||||||||||||||||||||||||
class a subject to possible redemption, 38,241,399 | 382,413,990 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||||||
net income | 26,744,000 | 18,880,000 | 46,839,000 | 38,575,000 | 32,339,000 | -66,656,000 | 34,732,000 | 34,223,000 | 29,149,000 | 3,022,000 | 30,308,000 | 19,108,000 | 4,577,000 | 28,218,000 | 24,576,000 | 29,641,000 | 10,040,000 | 19,066,000 | -8,915,000 | -1,416,000 | 6,686,000 | -15,388,000 | 6,673,000 | 9,180,000 | 17,752,000 | 3,591,000 | 2,820,000 | -746,385 | 801,904 | 476,281 | 693,540 | ||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||
depreciation and amortization | 29,225,000 | 28,901,000 | 28,534,000 | 29,155,000 | 27,490,000 | 27,543,000 | 26,631,000 | 27,465,000 | 26,886,000 | 26,232,000 | 27,530,000 | 28,996,000 | 30,309,000 | 33,390,000 | 35,079,000 | 34,540,000 | 35,675,000 | 31,997,000 | 29,529,000 | 27,013,000 | 28,214,000 | 28,742,000 | 29,419,000 | 29,159,000 | 29,250,000 | 29,065,000 | 28,697,000 | 28,865,000 | 28,939,000 | ||||
amortization of deferred financing costs and discounts | 563,000 | 589,000 | 953,000 | 971,000 | 932,000 | 669,000 | 1,043,000 | 1,033,000 | 1,361,000 | 1,079,000 | 1,131,000 | 1,192,000 | 1,277,000 | 1,350,000 | 1,429,000 | 1,387,000 | 1,306,000 | 1,316,000 | 1,132,000 | 1,129,000 | 1,593,000 | 1,712,000 | 1,619,000 | 1,203,000 | 903,000 | 1,575,000 | 1,477,000 | 1,756,000 | 1,833,000 | ||||
loss on extinguishment of debt | 1,266,000 | 21,000 | 23,000 | 25,000 | 1,117,000 | 33,000 | 0 | 595,000 | 0 | 1,975,000 | 209,000 | 1,349,000 | 0 | 0 | 0 | 0 | 5,334,000 | ||||||||||||||||
share-based proceeds from legal settlement | -7,865,000 | ||||||||||||||||||||||||||||||||
unrealized loss on remeasurement of share-based proceeds | 1,508,000 | ||||||||||||||||||||||||||||||||
credit loss expense | 2,635,000 | 4,609,000 | 4,521,000 | 5,741,000 | 8,115,000 | 1,577,000 | 2,119,000 | 4,059,000 | 5,247,000 | 1,501,000 | 2,597,000 | 3,259,000 | 1,697,000 | 3,589,000 | 3,856,000 | 3,531,000 | 3,505,000 | 2,872,000 | 2,853,000 | 1,461,000 | 2,402,000 | 3,759,000 | -95,000 | 5,367,000 | 5,356,000 | ||||||||
deferred income taxes | 2,016,000 | 14,640,000 | 9,173,000 | -2,987,000 | -1,480,000 | -8,328,000 | -985,000 | -1,395,000 | 696,000 | -19,801,000 | -2,503,000 | -2,484,000 | -2,249,000 | -45,000 | -1,610,000 | 3,071,000 | -18,771,000 | -1,963,000 | -7,852,000 | -1,106,000 | 281,000 | -826,000 | -1,424,000 | -1,814,000 | -682,000 | -1,468,000 | 2,142,000 | -10,495,000 | -1,073,000 | ||||
stock-based compensation | 6,952,000 | 6,480,000 | 4,961,000 | 7,279,000 | 6,456,000 | 4,372,000 | 6,438,000 | 6,590,000 | 5,558,000 | 5,130,000 | 4,443,000 | 4,525,000 | 3,378,000 | 3,007,000 | 4,644,000 | 4,566,000 | 4,446,000 | 3,600,000 | 3,703,000 | 3,573,000 | 2,908,000 | 3,397,000 | 3,153,000 | 3,271,000 | 2,768,000 | 2,586,000 | 2,471,000 | 2,812,000 | 2,143,000 | ||||
other | 152,000 | 692,000 | 870,000 | 0 | 1,227,000 | 654,000 | 284,000 | 146,000 | 319,000 | 53,000 | 172,000 | 126,000 | 8,000 | 1,030,000 | -136,000 | 406,000 | 354,000 | 70,000 | -19,000 | ||||||||||||||
changes in operating assets and liabilities: | |||||||||||||||||||||||||||||||||
accounts receivable | 9,877,000 | -10,011,000 | -15,961,000 | -10,133,000 | -13,541,000 | -14,773,000 | 14,077,000 | -32,191,000 | 10,223,000 | -6,605,000 | -14,783,000 | -4,849,000 | -16,222,000 | 8,161,000 | -6,734,000 | -4,812,000 | -14,300,000 | 20,388,000 | 37,528,000 | -16,298,000 | -26,672,000 | -31,675,000 | -15,730,000 | -20,786,000 | -22,397,000 | 13,691,000 | -4,920,000 | -13,061,000 | -8,372,000 | ||||
unbilled receivables | -26,221,000 | 3,184,000 | -7,731,000 | -4,218,000 | 1,508,000 | 1,925,000 | -6,681,000 | -730,000 | -6,501,000 | 3,277,000 | -3,409,000 | -2,656,000 | -3,464,000 | 2,269,000 | 713,000 | 5,347,000 | -10,265,000 | -2,098,000 | -3,557,000 | -1,239,000 | -859,000 | 2,098,000 | -3,610,000 | 3,828,000 | 3,648,000 | -4,311,000 | -1,501,000 | 3,181,000 | -3,797,000 | ||||
inventory | -8,197,000 | -359,000 | 3,580,000 | -55,000 | 237,000 | 1,406,000 | -142,000 | 174,000 | 479,000 | 2,209,000 | -1,006,000 | -235,000 | 180,000 | -1,254,000 | -1,659,000 | -1,675,000 | -5,722,000 | ||||||||||||||||
prepaid expenses and other assets | 11,255,000 | -5,206,000 | -11,119,000 | 1,198,000 | 4,777,000 | 9,349,000 | 769,000 | -9,757,000 | 5,565,000 | -5,109,000 | -52,000 | -3,232,000 | 6,232,000 | -4,099,000 | -526,000 | 696,000 | 8,235,000 | -83,000 | -3,837,000 | -915,000 | -262,000 | ||||||||||||
deferred revenue | -2,314,000 | -2,690,000 | -442,000 | 3,105,000 | -3,161,000 | -170,000 | 3,609,000 | 1,623,000 | -3,831,000 | -5,875,000 | -2,293,000 | 5,673,000 | 95,000 | -1,700,000 | 3,374,000 | 2,871,000 | 46,000 | ||||||||||||||||
accounts payable and other current liabilities | -5,543,000 | -30,058,000 | 20,385,000 | 9,985,000 | -2,085,000 | -9,825,000 | 24,570,000 | 9,613,000 | -40,783,000 | 23,453,000 | 18,169,000 | 13,181,000 | -4,291,000 | 8,491,000 | -3,689,000 | 2,188,000 | -477,000 | ||||||||||||||||
other liabilities | 54,000 | 1,297,000 | -6,869,000 | -1,809,000 | 126,000 | -5,362,000 | 1,121,000 | -1,066,000 | -529,000 | 2,920,000 | 516,000 | -5,906,000 | 6,188,000 | -4,168,000 | -1,644,000 | -9,064,000 | 13,441,000 | -2,666,000 | -1,172,000 | -1,004,000 | 459,000 | -612,000 | -600,000 | -934,000 | -2,135,000 | 2,825,000 | -1,143,000 | -185,000 | -3,648,000 | ||||
net cash from operating activities | 40,841,000 | 39,974,000 | 77,715,000 | 75,148,000 | 62,965,000 | 40,487,000 | 108,787,000 | 40,036,000 | 34,332,000 | 35,730,000 | 62,444,000 | 62,710,000 | 45,217,000 | 69,561,000 | 52,401,000 | 65,128,000 | 31,247,000 | 63,887,000 | 91,806,000 | 28,465,000 | 9,013,000 | 2,559,000 | 21,807,000 | 7,702,000 | 14,841,000 | 38,216,000 | 49,805,000 | 8,430,000 | 37,351,000 | 1,218,723 | 1,054,307 | 893,630 | |
capital expenditures | -31,199,000 | -34,226,000 | -28,750,000 | -34,875,000 | -21,243,000 | -18,847,000 | -23,676,000 | -14,054,000 | -14,279,000 | -16,484,000 | -10,403,000 | -11,726,000 | -18,372,000 | -12,259,000 | -13,203,000 | -11,246,000 | -11,478,000 | -9,365,000 | -7,376,000 | -4,553,000 | -3,704,000 | -5,943,000 | -4,016,000 | -6,160,000 | -8,141,000 | -12,193,000 | -3,300,000 | -4,973,000 | -9,219,000 | 0 | 0 | 0 | |
free cash flows | 9,642,000 | 5,748,000 | 48,965,000 | 40,273,000 | 41,722,000 | 21,640,000 | 85,111,000 | 25,982,000 | 20,053,000 | 19,246,000 | 52,041,000 | 50,984,000 | 26,845,000 | 57,302,000 | 39,198,000 | 53,882,000 | 19,769,000 | 54,522,000 | 84,430,000 | 23,912,000 | 5,309,000 | -3,384,000 | 17,791,000 | 1,542,000 | 6,700,000 | 26,023,000 | 46,505,000 | 3,457,000 | 28,132,000 | 1,218,723 | 1,054,307 | 893,630 | |
cash flows from investing activities: | |||||||||||||||||||||||||||||||||
purchases of installation and service parts and property and equipment | -31,199,000 | -34,226,000 | -28,750,000 | -34,875,000 | -21,243,000 | -18,847,000 | -23,676,000 | -14,054,000 | -14,279,000 | -16,484,000 | -10,403,000 | -11,726,000 | -18,372,000 | -12,259,000 | -13,203,000 | -11,246,000 | -11,478,000 | -9,365,000 | -7,376,000 | -4,553,000 | -3,704,000 | -5,943,000 | -4,016,000 | -6,160,000 | -8,141,000 | -12,193,000 | -3,300,000 | -4,973,000 | -9,219,000 | ||||
cash proceeds from the sale of assets | 112,000 | 90,000 | 116,000 | 75,000 | 24,000 | 158,000 | 66,000 | 42,000 | 48,000 | 110,000 | 93,000 | 95,000 | 34,000 | 101,000 | 68,000 | 47,000 | 25,000 | 40,000 | 66,000 | 103,000 | 56,000 | 40,000 | 18,000 | 39,000 | 10,000 | 217,000 | |||||||
net cash from investing activities | -31,087,000 | -34,136,000 | -28,634,000 | -34,800,000 | -21,219,000 | -18,689,000 | -23,354,000 | -13,740,000 | -13,937,000 | -16,597,000 | -10,168,000 | -11,941,000 | -19,584,000 | -12,158,000 | -13,135,000 | -11,434,000 | -11,865,000 | -353,558,000 | -7,310,000 | -111,454,000 | -3,648,000 | -5,903,000 | -3,998,000 | -6,121,000 | -8,131,000 | -37,495,000 | -3,300,000 | -5,011,000 | -9,167,000 | -1,876,130 | -209,437 | -693,622 | -401,061,237 |
cash flows from financing activities: | |||||||||||||||||||||||||||||||||
borrowings on amended revolver | 48,500,000 | ||||||||||||||||||||||||||||||||
repayment on amended revolver | -22,500,000 | ||||||||||||||||||||||||||||||||
repayment of term loan debt | -1,722,000 | ||||||||||||||||||||||||||||||||
equipment financing arrangements | 2,869,000 | ||||||||||||||||||||||||||||||||
payment of debt issuance costs | -579,000 | -2,344,000 | -187,000 | -219,000 | -43,000 | -276,000 | -216,000 | -117,000 | -107,000 | -97,000 | -170,000 | -148,000 | -44,000 | -37,000 | -164,000 | -192,000 | -54,000 | -4,018,000 | -121,000 | -775,000 | -5,732,000 | -118,000 | -38,000 | -116,000 | -806,000 | -147,000 | -115,000 | -37,000 | |||||
share repurchases and retirement | -50,237,000 | -148,479,000 | 0 | 0 | 0 | -69,790,000 | |||||||||||||||||||||||||||
proceeds from the exercise of stock options | 336,000 | 213,000 | 671,000 | 170,000 | 1,727,000 | 285,000 | 689,000 | 457,000 | 1,689,000 | 699,000 | 93,000 | ||||||||||||||||||||||
payment of employee tax withholding related to rsus and psus vesting | -5,248,000 | -170,000 | -171,000 | -384,000 | -6,606,000 | -175,000 | -168,000 | -1,050,000 | -4,608,000 | -65,000 | -49,000 | -502,000 | -2,526,000 | ||||||||||||||||||||
net cash from financing activities | -28,581,000 | -137,650,000 | -2,400,000 | -2,186,000 | -8,734,000 | -151,853,000 | 1,343,000 | -54,636,000 | -6,281,000 | 657,000 | -146,359,000 | 94,535,000 | -66,626,000 | -5,407,000 | -73,008,000 | -57,865,000 | -28,652,000 | 263,387,000 | -101,695,000 | -16,885,000 | 123,915,000 | -6,055,000 | -2,448,000 | -2,417,000 | -23,084,000 | -7,394,000 | -2,422,000 | -2,391,000 | -2,313,000 | 0 | 401,128,354 | ||
effect of exchange rate changes on cash and cash equivalents | 615,000 | -169,000 | -307,000 | 1,232,000 | 365,000 | -2,004,000 | 1,039,000 | 510,000 | -608,000 | 1,602,000 | -1,086,000 | 378,000 | -305,000 | 1,490,000 | -1,190,000 | -2,661,000 | 2,231,000 | -476,000 | -2,114,000 | -45,000 | 252,000 | 584,000 | 396,000 | -307,000 | -963,000 | 1,383,000 | -353,000 | -226,000 | 236,000 | ||||
net increase in cash, cash equivalents and restricted cash | -18,212,000 | -131,981,000 | 46,374,000 | 39,394,000 | 33,377,000 | -132,059,000 | 87,815,000 | -27,830,000 | 13,506,000 | 21,392,000 | -95,169,000 | 53,486,000 | -34,932,000 | -6,832,000 | -7,039,000 | -26,760,000 | -19,313,000 | -99,919,000 | 129,532,000 | -8,815,000 | 15,757,000 | -1,143,000 | -17,337,000 | -5,290,000 | 43,730,000 | 802,000 | 26,107,000 | ||||||
cash, cash equivalents and restricted cash - beginning of period | 68,318,000 | 0 | 0 | 0 | 81,154,000 | 0 | 0 | 0 | 139,722,000 | 0 | 0 | 0 | 109,115,000 | 0 | 0 | 0 | 104,432,000 | 0 | 0 | 0 | 120,892,000 | 0 | 0 | 0 | 132,430,000 | 0 | 0 | 0 | 67,081,000 | ||||
cash, cash equivalents and restricted cash - end of period | 50,106,000 | -131,981,000 | 46,374,000 | 39,394,000 | 114,531,000 | -132,059,000 | 87,815,000 | -27,830,000 | 153,228,000 | 21,392,000 | -95,169,000 | 145,682,000 | 67,817,000 | 53,486,000 | -34,932,000 | -6,832,000 | 97,393,000 | -26,760,000 | -19,313,000 | -99,919,000 | 250,424,000 | -8,815,000 | 15,757,000 | -1,143,000 | 115,093,000 | -5,290,000 | 43,730,000 | 802,000 | 93,188,000 | ||||
change in fair value of private placement warrants | 0 | -553,000 | 10,918,000 | 14,601,000 | -9,267,000 | -2,267,000 | -6,600,000 | 3,734,000 | 2,533,000 | -5,067,000 | 8,067,000 | 2,067,000 | |||||||||||||||||||||
tax receivable agreement liability adjustment | 245,000 | 0 | -2,677,000 | 0 | |||||||||||||||||||||||||||||
change in fair value of interest rate swap | 0 | 1,169,000 | |||||||||||||||||||||||||||||||
gain on lease modification | |||||||||||||||||||||||||||||||||
uncertain tax position reserve release | |||||||||||||||||||||||||||||||||
goodwill impairment | |||||||||||||||||||||||||||||||||
impairment of long-lived assets and rou assets | |||||||||||||||||||||||||||||||||
cash receipts (payments) for interest rate swap | 0 | 256,000 | |||||||||||||||||||||||||||||||
purchase of intellectual property | |||||||||||||||||||||||||||||||||
borrowings on long-term debt | |||||||||||||||||||||||||||||||||
repayment of long-term debt | -31,513,000 | -2,255,000 | -2,254,000 | -2,255,000 | -41,101,000 | 0 | -2,254,000 | -2,255,000 | -2,255,000 | -102,255,000 | -12,254,000 | -64,755,000 | -2,255,000 | -2,254,000 | -2,255,000 | -2,255,000 | -1,625,000 | -1,624,000 | -15,639,000 | -865,642,000 | -2,276,000 | -2,276,000 | -2,276,000 | -21,951,000 | -2,275,000 | -2,276,000 | -2,276,000 | ||||||
proceeds from the exercise of warrants | 0 | 55,658,000 | |||||||||||||||||||||||||||||||
proceeds from exercise of stock options | 337,000 | 838,000 | 47,000 | 21,000 | |||||||||||||||||||||||||||||
utp reserve release | 0 | ||||||||||||||||||||||||||||||||
cash receipts for interest rate swap | |||||||||||||||||||||||||||||||||
payment of contingent consideration | -235,000 | -412,000 | |||||||||||||||||||||||||||||||
repayment on revolver | |||||||||||||||||||||||||||||||||
reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets | |||||||||||||||||||||||||||||||||
cash and cash equivalents | 84,068,000 | -27,500,000 | 149,520,000 | -34,816,000 | -6,985,000 | 93,377,000 | |||||||||||||||||||||||||||
restricted cash | 3,747,000 | -330,000 | 3,708,000 | -116,000 | 153,000 | 4,016,000 | |||||||||||||||||||||||||||
total cash, cash equivalents and restricted cash | 87,815,000 | ||||||||||||||||||||||||||||||||
loss on interest rate swap | -102,000 | 1,552,000 | |||||||||||||||||||||||||||||||
cash received (payments) for interest rate swap | 294,000 | ||||||||||||||||||||||||||||||||
total cash, cash equivalents, and restricted cash | 153,228,000 | -34,932,000 | -6,832,000 | 97,393,000 | |||||||||||||||||||||||||||||
gain on interest rate swap | 3,041,000 | 202,000 | |||||||||||||||||||||||||||||||
impairment on a privately-held equity investment | |||||||||||||||||||||||||||||||||
acquisitions, net of cash and restricted cash acquired | |||||||||||||||||||||||||||||||||
payments for interest rate swap | 277,000 | 142,000 | -310,000 | -1,246,000 | |||||||||||||||||||||||||||||
borrowings on revolver | |||||||||||||||||||||||||||||||||
borrowings of long-term debt | 248,750,000 | 0 | 0 | 996,750,000 | |||||||||||||||||||||||||||||
payment of debt extinguishment costs | 0 | 0 | -462,000 | -604,000 | |||||||||||||||||||||||||||||
repayment on the revolver | 0 | 0 | -25,000,000 | ||||||||||||||||||||||||||||||
settlement of contingent consideration | |||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | -41,298,000 | ||||||||||||||||||||||||||||||||
payment of employee tax withholding related to rsus vesting | -3,452,000 | -1,433,000 | -203,000 | -1,436,000 | -4,767,000 | 29,000 | -96,000 | -857,000 | |||||||||||||||||||||||||
acquisition of business, net of cash and restricted cash acquired | 0 | ||||||||||||||||||||||||||||||||
partial payment of contingent consideration | |||||||||||||||||||||||||||||||||
impairment of property and equipment | 0 | 0 | |||||||||||||||||||||||||||||||
share repurchase and retirement | 0 | ||||||||||||||||||||||||||||||||
reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets | |||||||||||||||||||||||||||||||||
gain from third-party insurance proceeds | |||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities | 11,259,000 | 2,007,000 | 2,330,000 | -1,733,000 | 2,729,000 | -6,500,000 | -11,363,000 | -20,452,000 | 7,034,000 | -13,189,000 | 18,413,000 | ||||||||||||||||||||||
net loss | |||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||||||||||||||
installation and service parts expense | 29,000 | -27,000 | 145,000 | 166,000 | 393,000 | 111,000 | 412,000 | 386,000 | 257,000 | ||||||||||||||||||||||||
accretion expense | 53,000 | 62,000 | 68,000 | 65,000 | 64,000 | 81,000 | 86,000 | 93,000 | 90,000 | ||||||||||||||||||||||||
loss on disposal of assets | 51,000 | 100,000 | 171,000 | 7,000 | -4,000 | ||||||||||||||||||||||||||||
capitalization from merger with gores holdings | |||||||||||||||||||||||||||||||||
payment of underwriting and transaction costs | |||||||||||||||||||||||||||||||||
capital contribution from greenlight | |||||||||||||||||||||||||||||||||
distribution to selling shareholders | |||||||||||||||||||||||||||||||||
loss from tax receivable agreement adjustment | 0 | ||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 676,000 | 5,612,000 | 2,367,000 | 1,821,000 | |||||||||||||||||||||||||||||
payment of employee tax withholding related to rsu vesting | -134,000 | -25,000 | -327,000 | ||||||||||||||||||||||||||||||
bad debt expense | 2,753,000 | 2,611,000 | 1,466,000 | 1,270,000 | |||||||||||||||||||||||||||||
write-downs of installation and service parts and loss on disposal of assets | 3,000 | ||||||||||||||||||||||||||||||||
acquisition of businesses, net of cash and restricted cash acquired | |||||||||||||||||||||||||||||||||
successor borrowings on revolver | |||||||||||||||||||||||||||||||||
successor repayment on revolver | |||||||||||||||||||||||||||||||||
successor borrowings of long-term debt | |||||||||||||||||||||||||||||||||
successor repayment of long-term debt | |||||||||||||||||||||||||||||||||
successor payment of debt issuance costs | |||||||||||||||||||||||||||||||||
predecessor borrowings on note payable | |||||||||||||||||||||||||||||||||
predecessor repayments on note payable | |||||||||||||||||||||||||||||||||
predecessor payments of debt issuance costs | |||||||||||||||||||||||||||||||||
successor distribution to selling shareholders | |||||||||||||||||||||||||||||||||
proceeds from issuance of common stock | |||||||||||||||||||||||||||||||||
write-downs of installation and service parts and (gain) on disposal of assets | 0 | ||||||||||||||||||||||||||||||||
other assets | -190,000 | -125,000 | -226,000 | ||||||||||||||||||||||||||||||
prepaid expense and other current assets | -2,547,000 | -1,301,000 | |||||||||||||||||||||||||||||||
cash proceeds from the sale of assets and insurance recoveries | -38,000 | 52,000 | |||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||||||||||||||||||||||||
changes in deferred income tax | 9,570 | ||||||||||||||||||||||||||||||||
changes in receivable - related party | 0 | 436 | |||||||||||||||||||||||||||||||
changes in state franchise tax accrual | -111,928 | -81,928 | 64,691 | 20,488 | |||||||||||||||||||||||||||||
changes in prepaid assets | -128,259 | -23,624 | 65,424 | -254,952 | |||||||||||||||||||||||||||||
changes in deferred offering costs associated with public offering | |||||||||||||||||||||||||||||||||
changes in income taxes payable | -806,446 | 252,873 | 596,660 | ||||||||||||||||||||||||||||||
changes in accrued expenses, formation and offering costs | 3,011,741 | 95,512 | 23,890 | 138,074 | |||||||||||||||||||||||||||||
cash flows from investing activities | |||||||||||||||||||||||||||||||||
cash deposited in trust account | 0 | -400,000,000 | |||||||||||||||||||||||||||||||
interest reinvested in trust account | -1,876,130 | -209,437 | -693,622 | -1,061,237 | |||||||||||||||||||||||||||||
proceeds from sale of units in initial public offering | 0 | 400,000,000 | |||||||||||||||||||||||||||||||
proceeds from sale of private placement warrants to sponsor | 0 | 10,000,000 | |||||||||||||||||||||||||||||||
repayment of notes and advances payable – related party | 0 | -150,000 | |||||||||||||||||||||||||||||||
payment of underwriter's discounts and commissions | 0 | ||||||||||||||||||||||||||||||||
payment of accrued offering costs | 0 | -721,646 | |||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | |||||||||||||||||||||||||||||||||
cash and cash equivalents-beginning of period | |||||||||||||||||||||||||||||||||
cash and cash equivalents-end of period | |||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information: | |||||||||||||||||||||||||||||||||
cash paid for income taxes | |||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash financing activities: | |||||||||||||||||||||||||||||||||
deferred underwriting compensation | 0 | 14,000,000 | |||||||||||||||||||||||||||||||
increase in cash | -657,407 | 844,870 | 200,008 | 1,079,309 | |||||||||||||||||||||||||||||
cash at beginning of period | 826,201 | 826,201 | 0 | 3,185 | |||||||||||||||||||||||||||||
cash at end of period | 168,794 | 1,671,071 | 200,008 | 1,082,494 | |||||||||||||||||||||||||||||
offering costs included in accrued expenses | 380,670 | ||||||||||||||||||||||||||||||||
cash paid for income and state franchise taxes | 211,928 | 131,928 | |||||||||||||||||||||||||||||||
deferred financing cost amortization | |||||||||||||||||||||||||||||||||
write-downs of installation and service parts and (gain) loss on disposal of assets | |||||||||||||||||||||||||||||||||
capitalization from merger with gores holdings ii | |||||||||||||||||||||||||||||||||
predecessor payments of debt issue costs | |||||||||||||||||||||||||||||||||
payment of cash dividend | |||||||||||||||||||||||||||||||||
net cash from by financing activities | |||||||||||||||||||||||||||||||||
changes in deferred income tax provision | -333,316 | ||||||||||||||||||||||||||||||||
changes in deferred offering costs | 0 | 414,606 | |||||||||||||||||||||||||||||||
proceeds from note payable - related party | |||||||||||||||||||||||||||||||||
proceeds from sale of class f common stock to sponsor | |||||||||||||||||||||||||||||||||
net cash provided by operating activities | 1,012,192 | ||||||||||||||||||||||||||||||||
payment of underwriters’ discounts and commissions | -8,000,000 |