MODVQ · As filed with the SEC

ModivCare balance sheet, by fiscal year

The statement as ModivCare presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.

Consolidated Balance Sheets · USD thousands

USD thousands	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020
Assets
Current assets:
Cash and cash equivalents	112,581	2,217	14,451	133,139	183,281
Accounts receivable, net of allowance of $1,439 and $969, respectively	222,317	222,537	294,341	233,121	197,943
Contract receivables	117,795	143,960	—	—	—
Other receivables	16,732	8,616	2,506	4,740	5,586
Prepaid expenses and other current assets	25,419	27,028	34,332	38,551	32,643
Restricted cash	535	565	524	283	75
Total current assets	495,379	404,923	346,154	409,834	419,528
Property and equipment, net	—	—	—	53,549	27,544
Property and equipment, net	82,409	85,629	69,138	—	—
Goodwill	680,252	785,554	968,654	924,787	444,927
Payor network, net	269,020	330,738	391,980	425,516	292,762
Other intangible assets, net	—	—	—	64,697	52,890
Other intangible assets, net	13,300	30,197	47,429	—	—
Equity investment	31,427	41,531	41,303	—	137,466
Operating lease right-of-use assets	36,597	39,776	39,405	43,750	30,928
Other assets	45,948	48,927	40,209	22,223	19,868
Total assets	1,654,332	1,767,275	1,944,272	2,027,425	1,425,913
Liabilities and stockholders’ equity (deficit)
Current liabilities:
Accounts payable	83,068	55,241	54,959	8,690	8,464
Accrued contract payables	22,639	117,488	194,287	281,586	101,705
Accrued transportation costs	96,745	97,245	96,851	103,294	79,674
Accrued expenses and other current liabilities	139,176	127,901	135,860	119,563	116,620
Current portion of operating lease liabilities	8,616	8,727	9,640	9,873	8,277
Deferred revenue	—	—	—	4,228	2,923
Short-term borrowings	—	113,800	—	—	—
Short-term debt	274,250	—	—	—	—
Total current liabilities	624,494	520,402	491,597	527,234	317,663
Long-term debt, net of deferred financing costs of $24,775 and $14,020, respectively	—	—	—	975,225	485,980
Long-term debt, net of deferred financing costs of $30,689 and $16,243, respectively	986,436	983,757	979,361	—	—
Deferred tax liabilities	13,557	39,584	57,236	94,611	92,195
Long-term contract payables	—	—	—	0	72,183
Operating lease liabilities, less current portion	32,905	33,784	32,088	34,524	23,437
Other long-term liabilities	35,414	33,553	29,434	22,564	22,844
Total liabilities	1,692,806	1,611,080	1,589,716	1,654,158	1,014,302
Stockholders’ equity (deficit)
Common stock: Authorized 40,000,000 shares; $0.001 par value; 19,882,026 and 19,775,041, respectively, issued and outstanding (including treasury shares)	20	20	20	20	20
Additional paid-in capital	457,406	450,945	444,255	430,449	421,318
Accumulated deficit	(225,715)	(24,437)	180,023	211,829	218,414
Treasury shares, at cost, 5,568,983 and 5,287,283 shares, respectively	—	—	—	(269,031)	(228,141)
Treasury shares, at cost, 5,558,898 and 5,571,004 shares, respectively	(270,185)	(270,333)	(269,742)	—	—
Total stockholders’ equity (deficit)	(38,474)	156,195	354,556	373,267	411,611
Total liabilities and stockholders’ equity (deficit)	1,654,332	1,767,275	1,944,272	2,027,425	1,425,913

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.