XML 77 R66.htm IDEA: XBRL DOCUMENT v3.20.2
Guarantor/Non-Guarantor Financial Information - Summary of Condensed Consolidated Balance Sheets (Details) - USD ($)
$ in Thousands
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Current assets:            
Cash and cash equivalents $ 113,239   $ 131,513      
Restricted cash 711   917      
Accounts receivable (net of allowance for credit loss of $12.9 million at June 30, 2020) 125,252   93,514      
Unbilled receivables 12,532   20,003      
Prepaid expenses and other current assets 18,964   26,491      
Total current assets 270,698   272,438      
Installation and service parts, net 8,672   8,841      
Property and equipment, net 73,604   72,266      
Operating lease assets 30,933   32,177      
Intangible assets, net 386,363   434,443      
Goodwill 581,615   584,150      
Other non-current assets 3,237   3,111      
Total assets 1,355,122   1,407,426      
Current liabilities:            
Accounts payable 36,346   50,825      
Accrued liabilities 19,570   25,277      
Current portion of long-term debt 9,104   28,779      
Total current liabilities 65,020   104,881      
Long-term debt, net of current portion and deferred financing costs 834,317          
Operating lease liabilities, net of current portion 29,240   30,130      
Payable to related party pursuant to tax receivable agreement 65,620   61,174      
Asset retirement obligation 6,237   6,309      
Deferred tax liabilities, net 22,691   25,716      
Other long-term liabilities 247          
Total liabilities 1,023,372   1,068,079      
Total stockholders' equity 331,750 $ 344,400 339,347 $ 309,828 $ 304,821 $ 302,056
Total liabilities and stockholders' equity 1,355,122   $ 1,407,426      
Verra Mobility Corporation (Ultimate Parent)            
Current assets:            
Investment in subsidiary 162,491          
Total current assets 162,491          
Due from affiliates 169,259          
Total assets 331,750          
Current liabilities:            
Total stockholders' equity 331,750          
Total liabilities and stockholders' equity 331,750          
VM Consolidated Inc. (Guarantor Subsidiary)            
Current assets:            
Cash and cash equivalents 98,566          
Restricted cash 711          
Accounts receivable (net of allowance for credit loss of $12.9 million at June 30, 2020) 122,373          
Unbilled receivables 12,244          
Investment in subsidiary 73,069          
Prepaid expenses and other current assets 16,655          
Total current assets 323,618          
Installation and service parts, net 8,672          
Property and equipment, net 69,987          
Operating lease assets 30,588          
Intangible assets, net 360,280          
Goodwill 524,766          
Other non-current assets 3,223          
Total assets 1,321,134          
Current liabilities:            
Accounts payable 26,229          
Accrued liabilities 16,546          
Current portion of long-term debt 9,104          
Total current liabilities 51,879          
Long-term debt, net of current portion and deferred financing costs 834,317          
Operating lease liabilities, net of current portion 29,070          
Payable to related party pursuant to tax receivable agreement 65,620          
Due to affiliates 153,369          
Asset retirement obligation 6,237          
Deferred tax liabilities, net 17,904          
Other long-term liabilities 247          
Total liabilities 1,158,643          
Total stockholders' equity 162,491          
Total liabilities and stockholders' equity 1,321,134          
Non-guarantor Subsidiaries            
Current assets:            
Cash and cash equivalents 14,673          
Accounts receivable (net of allowance for credit loss of $12.9 million at June 30, 2020) 2,879          
Unbilled receivables 288          
Prepaid expenses and other current assets 2,309          
Total current assets 20,149          
Property and equipment, net 3,617          
Operating lease assets 345          
Intangible assets, net 26,083          
Goodwill 56,849          
Other non-current assets 14          
Total assets 107,057          
Current liabilities:            
Accounts payable 10,117          
Accrued liabilities 3,024          
Total current liabilities 13,141          
Operating lease liabilities, net of current portion 170          
Due to affiliates 15,890          
Deferred tax liabilities, net 4,787          
Total liabilities 33,988          
Total stockholders' equity 73,069          
Total liabilities and stockholders' equity 107,057          
Eliminations            
Current assets:            
Investment in subsidiary (235,560)          
Total current assets (235,560)          
Due from affiliates (169,259)          
Total assets (404,819)          
Current liabilities:            
Due to affiliates (169,259)          
Total liabilities (169,259)          
Total stockholders' equity (235,560)          
Total liabilities and stockholders' equity $ (404,819)