VRRM FY 2022 Earnings Report — Verra Mobility Corporation Revenue & Financial Results | Market Cap Arena

Verra Mobility CorporationVRRM

FY 2022 Earnings

Reported March 1, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$742M	—	$551M	—	34.7%
Op. Income	$165M	—	$112M	—	47.2%
Gross Margin	93.6%	—	93.6%	—	0.0pp
Net Margin	12.5%	—	7.5%	—	4.9pp
EPS (Diluted)	$0.58	—	$0.25	—	132.0%
Free Cash Flow	$170M	—	$168M	—	1.2%

Revenue Flow

Item	Amount
REVENUE	$742M
Cost of Revenue	$47M
GROSS PROFIT	$694M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$163M
SG&A Expenses	$163M
Other Expenses	$366M
Operating Expenses	$530M
Cost & Expenses	$577M
OPERATING INCOME	$165M
Interest Income	$0
Interest Expense	$69M
Other Income/Expenses	-$38M
INCOME BEFORE TAX	$127M
Income Tax Expense	$35M
Net Income from Continuing Ops	$92M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$92M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$92M
D&A	$140M
EBIT	$196M
EBITDA	$337M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$742M
Cost of Revenue	$47M
GROSS PROFIT	$694M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$163M
SG&A Expenses	$163M
Other Expenses	$366M
Operating Expenses	$530M
Cost & Expenses	$577M
OPERATING INCOME	$165M
Interest Income	$0
Interest Expense	$69M
Other Income/Expenses	-$38M
INCOME BEFORE TAX	$127M
Income Tax Expense	$35M
Net Income from Continuing Ops	$92M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$92M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$92M
D&A	$140M
EBIT	$196M
EBITDA	$337M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$92M
Depreciation & Amortization	$139M
Stock-Based Compensation	$17M
Deferred Income Tax	-$18M
Other Non-Cash Items	$5M
Change in Working Capital	-$16M
OPERATING CASH FLOW	$218M
Capital Expenditure	-$48M
Acquisitions (Net)	-$647.0K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$241.0K
NET CASH FROM INVESTING	-$49M
Net Debt Issuance	-$34M
Common Stock Repurchased	-$125M
Common Dividends Paid	$0
Other Financing Activities	$682.0K
NET CASH FROM FINANCING	-$165M
FREE CASH FLOW	$170M
Net Change in Cash	$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$105M
Short-Term Investments	$0
Net Receivables	$198M
Inventory	$19M
Other Current Assets	$4M
TOTAL CURRENT ASSETS	$363M
PP&E (Net)	$170M
Goodwill	$833M
Intangible Assets	$377M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$12M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$1.8B
Account Payables	$80M
Short-Term Debt	$22M
Deferred Revenue	$31M
Other Current Liabilities	$15M
TOTAL CURRENT LIABILITIES	$187M
Long-Term Debt	$1.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$21M
Other Non-Current Liabilities	$94M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$1.5B
Common Stock	$15.0K
Additional Paid-In Capital	$305M
Retained Earnings	-$98M
Treasury Stock	$0
Accum. Other Comp. Income	-$13M
Other Equity	$37M
TOTAL STOCKHOLDERS' EQUITY	$231M
Minority Interest	$0
TOTAL EQUITY	$231M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$1.3B
Net Debt	$1.1B