Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 123,416 $ 162,092
Restricted cash 0 1,310
Accounts receivable, net of allowance for credit losses of $5,422 and $5,812 at December 31, 2023 and 2022, respectively 120,724 136,656
Prepaid expenses and other current assets 19,556 18,745
Total current assets 263,696 318,803
Property and equipment, net 6,393 9,045
Right-of-use assets, net 6,150 8,423
Intangible assets, net 297,401 331,598
Goodwill 837,514 809,463
Cloud computing software, net 36,144 35,230
Deferred tax assets 76,736 74,236
Other non-current assets 24,256 18,949
Total assets 1,548,290 1,605,747
Current liabilities    
Accounts payable 9,496 11,571
Accrued expenses and other current liabilities 100,963 75,208
Accrued salaries and payroll 29,392 31,075
Debt, current portion 7,500 8,350
Total current liabilities 147,351 126,204
Debt, long-term portion 726,767 683,206
Tax receivable agreement liability, long-term portion 183,835 210,543
Deferred tax liabilities 10,817 5,748
Other non-current liabilities 10,757 11,728
Total liabilities 1,079,527 1,037,429
Commitments and contingent liabilities (Note 15)
Stockholders' equity    
Preferred stock, $0.001 par value, authorized 100,000,000 shares; none issued and outstanding as of December 31, 2023 and 2022 0 0
Common stock, $0.001 par value, authorized 1,000,000,000 shares; 80,199,299 and 79,660,397 shares issued, and 67,351,207 and 78,131,568 shares outstanding as of December 31, 2023 and 2022, respectively 80 80
Additional paid-in capital 823,621 805,799
Treasury stock, at cost; 12,848,092 shares and 1,528,829 shares repurchased at December 31, 2023 and 2022, respectively (137,596) (16,827)
Accumulated deficit (227,350) (215,790)
Accumulated other comprehensive loss (7,587) (4,944)
Total HireRight Holdings Corporation stockholders' equity 451,168 568,318
Noncontrolling interest 17,595 0
Total stockholders’ equity 468,763 568,318
Total liabilities and stockholders’ equity $ 1,548,290 $ 1,605,747