Bowman Consulting Group Ltd
For the period ended Dec 31, 2023. Filed Mar 12, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 12, 2024
BWMN$43.00+0.2%Stored close · as of Nov 5, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 202 and
CONSOLIDATED BALANCE SHEETS
| December 31,2023 | December 31,2022 | |
|---|---|---|
| ASSETS | ||
| Current Assets | ||
| Cash and equivalents | $20,687 | $13,282 |
| Accounts receivable, net | 87,565 | 64,443 |
| Contract assets | 33,520 | 16,321 |
| Notes receivable - officers, employees, affiliates, current portion | 1,199 | 1,016 |
| Prepaid and other current assets | 11,806 | 7,068 |
| Total current assets | 154,777 | 102,130 |
| Non-Current Assets | ||
| Property and equipment, net | 27,601 | 25,104 |
| Operating lease, right-of-use assets | 40,743 | 30,264 |
| Goodwill | 96,393 | 53,210 |
| Notes receivable | 903 | 903 |
| Notes receivable - officers, employees, affiliates, less current portion | 1,119 | 1,417 |
| Other intangible assets, net | 46,294 | 27,950 |
| Deferred tax asset, net | 33,780 | 13,759 |
| Other assets | 1,175 | 1,020 |
| Total Assets | $402,785 | $255,757 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities | ||
| Bank line of credit | 45,290 | – |
| Accounts payable and accrued liabilities, current portion | 44,394 | 40,293 |
| Contract liabilities | 7,481 | 6,370 |
| Notes payable, current portion | 13,989 | 10,168 |
| Operating lease obligation, less current portion | 9,016 | 6,949 |
| Finance lease obligation, current portion | 6,586 | 5,297 |
| Total current liabilities | 126,756 | 69,077 |
| Non-Current Liabilities | ||
| Other non-current obligations | 42,288 | 356 |
| Notes payable, less current portion | 13,738 | 16,276 |
| Operating lease obligation, less current portion | 37,660 | 28,087 |
| Finance lease obligation, less current portion | 14,408 | 14,254 |
| Pension and post-retirement obligation, less current portion | 4,654 | 4,848 |
| Total liabilities | $239,504 | $132,898 |
| Shareholders' Equity | ||
| Preferred Stock, $0.01 par value; 5,000,000 shares authorized, no shares issued and outstanding as of December 31, 2023 and 2022 | – | – |
| Common stock, $0.01 par value; 30,000,000 shares authorized as of December 31, 2023 and 2022; 17,694,495 shares issued and 15,094,278 outstanding, and 15,949,805 shares issued and 13,556,550 outstanding as of December 31, 2023 and 2022, respectively | 177 | 159 |
| Additional paid-in-capital | 215,420 | 162,922 |
| Accumulated other comprehensive income | 590 | 578 |
| Treasury stock, at cost; 2,600,217 and 2,393,255, respectively | (26,410) | (20,831) |
| Stock subscription notes receivable | (76) | (173) |
| Accumulated deficit | (26,420) | (19,796) |
| Total shareholders' equity | $163,281 | $122,859 |
| TOTAL LIABILITIES AND EQUITY | $402,785 | $255,757 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.