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Guarantor/Non-Guarantor Financial Information (Unaudited) | 12 Months Ended
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Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract] |
Guarantor/Non-Guarantor Financial Information (Unaudited) | 19. Guarantor/Non-Guarantor Financial Information (Unaudited) VM Consolidated, Inc., a wholly owned subsidiary of the Company, is the lead borrower of the 2021 Term Loan, Senior Notes and the Revolver. VM Consolidated, Inc. is owned by the Company through a series of holding companies that ultimately end with the Company. VM Consolidated, Inc. is wholly owned by Greenlight Acquisition Corporation, which is wholly owned by Greenlight Intermediate Holding Corporation, which is wholly owned by Greenlight Holding Corporation, which is wholly owned by Verra Mobility Holdings, LLC, which is wholly owned by Verra Mobility Corporation or the Company. The principal elimination entries relate to investments in subsidiaries and intercompany balances and transactions, including transactions with the Company’s wholly owned guarantor subsidiaries and non-guarantor subsidiaries. During fiscal year 2021, the Company completed the acquisitions for Redflex and T2 Systems and as a result the composition of the guarantor and non-guarantor subsidiaries has been modified to appropriately include the respective entities. Subsidiaries with foreign operations are generally included in the combined non-guarantor subsidiaries column and subsidiaries with domestic operations are included in the combined guarantor subsidiaries column. The following financial information presents the consolidated balance sheets as of December 31, 2021 and the related consolidated statements of operations and comprehensive income and the consolidated statements of cash flows for the year ended December 31, 2021 for the Company, combined guarantor subsidiaries and combined non-guarantor subsidiaries: Verra Mobility Corporation and Subsidiaries Consolidated Balance Sheets at December 31, 2021
($ in thousands) |  | Verra Mobility Corporation (Ultimate Parent) |  |  | Guarantor Subsidiaries |  |  | Non- guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 65,840 |  |  | $ | 35,443 |  |  | $ | — |  |  | $ | 101,283 |
Restricted cash |  |  | — |  |  |  | 3,149 |  |  |  | — |  |  |  | — |  |  |  | 3,149 |
Accounts receivable (net of allowance for credit losses of $12.1 million) |  |  | — |  |  |  | 150,181 |  |  |  | 10,798 |  |  |  | — |  |  |  | 160,979 |
Unbilled receivables |  |  | — |  |  |  | 24,220 |  |  |  | 4,889 |  |  |  | — |  |  |  | 29,109 |
Investment in subsidiary |  |  | 90,705 |  |  |  | 157,016 |  |  |  | — |  |  |  | (247,721 | ) |  |  | — |
Inventory, net |  |  | — |  |  |  | 1,186 |  |  |  | 10,907 |  |  |  | — |  |  |  | 12,093 |
Prepaid expenses and other current assets |  |  | — |  |  |  | 31,665 |  |  |  | 9,791 |  |  |  | — |  |  |  | 41,456 |
Total current assets |  |  | 90,705 |  |  |  | 433,257 |  |  |  | 71,828 |  |  |  | (247,721 | ) |  |  | 348,069 |
Installation and service parts, net |  |  | — |  |  |  | 13,332 |  |  |  | — |  |  |  | — |  |  |  | 13,332 |
Property and equipment, net |  |  | — |  |  |  | 81,294 |  |  |  | 14,772 |  |  |  | — |  |  |  | 96,066 |
Operating lease assets |  |  | — |  |  |  | 31,754 |  |  |  | 7,108 |  |  |  | — |  |  |  | 38,862 |
Intangible assets, net |  |  | — |  |  |  | 367,965 |  |  |  | 119,334 |  |  |  | — |  |  |  | 487,299 |
Goodwill |  |  | — |  |  |  | 684,914 |  |  |  | 153,953 |  |  |  | — |  |  |  | 838,867 |
Due from affiliates |  |  | 169,259 |  |  |  | — |  |  |  | — |  |  |  | (169,259 | ) |  |  | — |
Other non-current assets |  |  | — |  |  |  | 10,368 |  |  |  | 4,193 |  |  |  | — |  |  |  | 14,561 |
Total assets |  | $ | 259,964 |  |  | $ | 1,622,884 |  |  | $ | 371,188 |  |  | $ | (416,980 | ) |  | $ | 1,837,056 |
Liabilities and Stockholders' Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | — |  |  | $ | 48,175 |  |  | $ | 19,381 |  |  | $ | — |  |  | $ | 67,556 |
Deferred revenue |  |  | — |  |  |  | 17,170 |  |  |  | 9,971 |  |  |  | — |  |  |  | 27,141 |
Accrued liabilities |  |  | — |  |  |  | 27,569 |  |  |  | 10,866 |  |  |  | — |  |  |  | 38,435 |
Payable to related party pursuant to tax receivable agreement, current portion |  |  | — |  |  |  | 5,107 |  |  |  | — |  |  |  | — |  |  |  | 5,107 |
Current portion of long-term debt |  |  | — |  |  |  | 36,952 |  |  |  | — |  |  |  | — |  |  |  | 36,952 |
Total current liabilities |  |  | — |  |  |  | 134,973 |  |  |  | 40,218 |  |  |  | — |  |  |  | 175,191 |
Long-term debt, net of current portion |  |  | — |  |  |  | 1,206,802 |  |  |  | — |  |  |  | — |  |  |  | 1,206,802 |
Operating lease liabilities, net of current portion |  |  | — |  |  |  | 29,803 |  |  |  | 5,181 |  |  |  | — |  |  |  | 34,984 |
Payable to related party pursuant to tax receivable agreement, net of current portion |  |  | — |  |  |  | 56,615 |  |  |  | — |  |  |  | — |  |  |  | 56,615 |
Private placement warrant liabilities |  |  | — |  |  |  | 38,466 |  |  |  | — |  |  |  | — |  |  |  | 38,466 |
Asset retirement obligation |  |  | — |  |  |  | 11,799 |  |  |  | 25 |  |  |  | — |  |  |  | 11,824 |
Due to affiliates |  |  | — |  |  |  | 26,059 |  |  |  | 143,200 |  |  |  | (169,259 | ) |  |  | — |
Deferred tax liabilities, net |  |  | — |  |  |  | 22,470 |  |  |  | 25,054 |  |  |  | — |  |  |  | 47,524 |
Other long-term liabilities |  |  | — |  |  |  | 5,192 |  |  |  | 494 |  |  |  | — |  |  |  | 5,686 |
Total liabilities |  |  | — |  |  |  | 1,532,179 |  |  |  | 214,172 |  |  |  | (169,259 | ) |  |  | 1,577,092 |
Total stockholders' equity |  |  | 259,964 |  |  |  | 90,705 |  |  |  | 157,016 |  |  |  | (247,721 | ) |  |  | 259,964 |
Total liabilities and stockholders' equity |  | $ | 259,964 |  |  | $ | 1,622,884 |  |  | $ | 371,188 |  |  | $ | (416,980 | ) |  | $ | 1,837,056 |
Verra Mobility Corporation and Subsidiaries Consolidated Statements of Operations and Comprehensive Income Year Ended December 31, 2021
($ in thousands) |  | Verra Mobility Corporation (Ultimate Parent) |  |  | Guarantor Subsidiaries |  |  | Non- guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Service revenue |  | $ | — |  |  | $ | 460,421 |  |  | $ | 32,425 |  |  | $ | — |  |  | $ | 492,846 |
Product sales |  |  | — |  |  |  | 50,096 |  |  |  | 7,648 |  |  |  | — |  |  |  | 57,744 |
Total revenue |  |  | — |  |  |  | 510,517 |  |  |  | 40,073 |  |  |  | — |  |  |  | 550,590 |
Cost of service revenue |  |  | — |  |  |  | 2,167 |  |  |  | 3,170 |  |  |  | — |  |  |  | 5,337 |
Cost of product sales |  |  | — |  |  |  | 26,200 |  |  |  | 3,609 |  |  |  | — |  |  |  | 29,809 |
Operating expenses |  |  | — |  |  |  | 141,038 |  |  |  | 22,332 |  |  |  | — |  |  |  | 163,370 |
Selling, general and administrative expenses |  |  | — |  |  |  | 111,977 |  |  |  | 11,430 |  |  |  | — |  |  |  | 123,407 |
Depreciation, amortization and (gain) loss on disposal of assets, net |  |  | — |  |  |  | 107,881 |  |  |  | 8,920 |  |  |  | — |  |  |  | 116,801 |
Total costs and expenses |  |  | — |  |  |  | 389,263 |  |  |  | 49,461 |  |  |  | — |  |  |  | 438,724 |
Income (loss) from operations |  |  | — |  |  |  | 121,254 |  |  |  | (9,388 | ) |  |  | — |  |  |  | 111,866 |
Income from equity investment |  |  | (41,449 | ) |  |  | 8,459 |  |  |  | — |  |  |  | 32,990 |  |  |  | — |
Interest expense, net |  |  | — |  |  |  | 44,940 |  |  |  | 2 |  |  |  | — |  |  |  | 44,942 |
Change in fair value of private placement warrants |  |  | — |  |  |  | 7,600 |  |  |  | — |  |  |  | — |  |  |  | 7,600 |
Tax receivable agreement liability adjustment |  |  | — |  |  |  | (1,016 | ) |  |  | — |  |  |  | — |  |  |  | (1,016 | )
Loss on extinguishment of debt |  |  | — |  |  |  | 5,334 |  |  |  | — |  |  |  | — |  |  |  | 5,334 |
Other income, net |  |  | — |  |  |  | (11,919 | ) |  |  | (976 | ) |  |  | — |  |  |  | (12,895 | )
Total other (income) expenses |  |  | (41,449 | ) |  |  | 53,398 |  |  |  | (974 | ) |  |  | 32,990 |  |  |  | 43,965 |
Income (loss) before income taxes |  |  | 41,449 |  |  |  | 67,856 |  |  |  | (8,414 | ) |  |  | (32,990 | ) |  |  | 67,901 |
Income tax provision |  |  | — |  |  |  | 26,407 |  |  |  | 45 |  |  |  | — |  |  |  | 26,452 |
Net income (loss) |  | $ | 41,449 |  |  | $ | 41,449 |  |  | $ | (8,459 | ) |  | $ | (32,990 | ) |  | $ | 41,449 |
Other comprehensive loss: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Change in foreign currency translation adjustment |  |  | — |  |  |  | — |  |  |  | (5,305 | ) |  |  | — |  |  |  | (5,305 | )
Total comprehensive income (loss) |  | $ | 41,449 |  |  | $ | 41,449 |  |  | $ | (13,764 | ) |  | $ | (32,990 | ) |  | $ | 36,144 |
Verra Mobility Corporation and Subsidiaries Consolidated Statements of Cash Flows Year Ended December 31, 2021
($ in thousands) |  | Verra Mobility Corporation (Ultimate Parent) |  |  | Guarantor Subsidiaries |  |  | Non- guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Cash Flows from Operating Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 41,449 |  |  | $ | 41,449 |  |  | $ | (8,459 | ) |  | $ | (32,990 | ) |  | $ | 41,449 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  | — |  |  |  | 107,833 |  |  |  | 8,920 |  |  |  | — |  |  |  | 116,753 |
Amortization of deferred financing costs and discounts |  |  | — |  |  |  | 5,170 |  |  |  | — |  |  |  | — |  |  |  | 5,170 |
Change in fair value of private placement warrants |  |  | — |  |  |  | 7,600 |  |  |  | — |  |  |  | — |  |  |  | 7,600 |
Tax receivable agreement liability adjustment |  |  | — |  |  |  | (1,016 | ) |  |  | — |  |  |  | — |  |  |  | (1,016 | )
Loss on extinguishment of debt |  |  | — |  |  |  | 5,334 |  |  |  | — |  |  |  | — |  |  |  | 5,334 |
Credit loss expense |  |  | — |  |  |  | 9,454 |  |  |  | 134 |  |  |  | — |  |  |  | 9,588 |
Deferred income taxes |  |  | — |  |  |  | (11,161 | ) |  |  | 521 |  |  |  | — |  |  |  | (10,640 | )
Stock-based compensation |  |  | — |  |  |  | 13,784 |  |  |  | — |  |  |  | — |  |  |  | 13,784 |
Other |  |  | — |  |  |  | 308 |  |  |  | — |  |  |  | — |  |  |  | 308 |
Income from equity investment |  |  | (41,449 | ) |  |  | 8,459 |  |  |  | — |  |  |  | 32,990 |  |  |  | — |
Changes in operating assets and liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable, net |  |  | — |  |  |  | 13,605 |  |  |  | 1,341 |  |  |  | — |  |  |  | 14,946 |
Unbilled receivables |  |  | — |  |  |  | (6,503 | ) |  |  | (1,250 | ) |  |  | — |  |  |  | (7,753 | )
Inventory, net |  |  | — |  |  |  | 4,422 |  |  |  | (1,624 | ) |  |  | — |  |  |  | 2,798 |
Prepaid expenses and other assets |  |  | — |  |  |  | (2,226 | ) |  |  | (2,871 | ) |  |  | — |  |  |  | (5,097 | )
Deferred revenue |  |  | — |  |  |  | (4,761 | ) |  |  | 795 |  |  |  | — |  |  |  | (3,966 | )
Accounts payable and other current liabilities |  |  | — |  |  |  | 9,039 |  |  |  | (743 | ) |  |  | — |  |  |  | 8,296 |
Due to affiliates |  |  | — |  |  |  | (29,913 | ) |  |  | 29,913 |  |  |  | — |  |  |  | — |
Other liabilities |  |  | — |  |  |  | (2,789 | ) |  |  | (1,594 | ) |  |  | — |  |  |  | (4,383 | )
Net cash provided by operating activities |  |  | — |  |  |  | 168,088 |  |  |  | 25,083 |  |  |  | — |  |  |  | 193,171 |
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Acquisitions, net of cash and restricted cash acquired |  |  | — |  |  |  | (451,237 | ) |  |  | — |  |  |  | — |  |  |  | (451,237 | )
Purchases of installation and service parts and property and equipment |  |  | — |  |  |  | (21,451 | ) |  |  | (3,547 | ) |  |  | — |  |  |  | (24,998 | )
Cash proceeds from the sale of assets |  |  | — |  |  |  | 265 |  |  |  | — |  |  |  | — |  |  |  | 265 |
Net cash used in investing activities |  |  | — |  |  |  | (472,423 | ) |  |  | (3,547 | ) |  |  | — |  |  |  | (475,970 | )
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrowings on revolver |  |  | — |  |  |  | 25,000 |  |  |  | — |  |  |  | — |  |  |  | 25,000 |
Borrowings of long-term debt |  |  | — |  |  |  | 1,245,500 |  |  |  | — |  |  |  | — |  |  |  | 1,245,500 |
Repayment of long-term debt |  |  | — |  |  |  | (884,530 | ) |  |  | — |  |  |  | — |  |  |  | (884,530 | )
Payment of debt issuance costs |  |  | — |  |  |  | (10,646 | ) |  |  | — |  |  |  | — |  |  |  | (10,646 | )
Payment of debt extinguishment costs |  |  | — |  |  |  | (1,066 | ) |  |  | — |  |  |  | — |  |  |  | (1,066 | )
Share repurchase and retirement |  |  | — |  |  |  | (100,000 | ) |  |  | — |  |  |  | — |  |  |  | (100,000 | )
Proceeds from exercise of stock options |  |  | — |  |  |  | 155 |  |  |  | — |  |  |  | — |  |  |  | 155 |
Payment of employee tax withholding related to RSUs vesting |  |  | — |  |  |  | (5,691 | ) |  |  | — |  |  |  | — |  |  |  | (5,691 | )
Net cash provided by financing activities |  |  | — |  |  |  | 268,722 |  |  |  | — |  |  |  | — |  |  |  | 268,722 |
Effect of exchange rate changes on cash and cash equivalents |  |  | — |  |  |  | — |  |  |  | (2,383 | ) |  |  | — |  |  |  | (2,383 | )
Net decrease (increase) in cash, cash equivalents and restricted cash |  |  | — |  |  |  | (35,613 | ) |  |  | 19,153 |  |  |  | — |  |  |  | (16,460 | )
Cash, cash equivalents and restricted cash - beginning of period |  |  | — |  |  |  | 104,602 |  |  |  | 16,290 |  |  |  | — |  |  |  | 120,892 |
Cash, cash equivalents and restricted cash - end of period |  | $ | — |  |  | $ | 68,989 |  |  | $ | 35,443 |  |  | $ | — |  |  | $ | 104,432 |
Verra Mobility Corporation and Subsidiaries Consolidated Statements of Cash Flows (Continued) Year Ended December 31, 2021
|  | Verra Mobility Corporation (Ultimate Parent) |  |  | Guarantor Subsidiaries |  |  | Non- guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Supplemental cash flow information: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest paid |  | $ | — |  |  | $ | 35,786 |  |  | $ | — |  |  | $ | — |  |  | $ | 35,786 |
Income taxes paid, net of refunds |  |  | — |  |  |  | 34,913 |  |  |  | 861 |  |  |  | — |  |  |  | 35,774 |
Supplemental non-cash investing and financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Additions related to asset retirement obligations, property and equipment, and other (a) |  |  | — |  |  |  | 1,397 |  |  |  | — |  |  |  | — |  |  |  | 1,397 |
Purchases of installation and service parts and property and equipment in accounts payable and accrued liabilities at year-end |  |  | — |  |  |  | 1,714 |  |  |  | — |  |  |  | — |  |  |  | 1,714 |
Contingent consideration related to NuPark acquisition |  |  | — |  |  |  | 1,450 |  |  |  | — |  |  |  | — |  |  |  | 1,450 |
(a) Asset retirement obligations of $3.9 million assumed as part of the Redflex acquisition are excluded from these additions.

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- Definition The entire disclosure for condensed financial statements. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph d -Subparagraph 4 -Subsection 10 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph c -Subparagraph 4 -Subsection 10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph e -Subparagraph 4 -Subsection 10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Paragraph a -Subsection 04 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph f -Subparagraph 4 -Subsection 10 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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