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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 77,113 $ 121,317
Restricted cash 2,554 1,607
Accounts receivable, net of allowances for doubtful accounts of $5,368 and $5,395 at March 31, 2016 and December 31, 2015, respectively 328,326 359,081
Unbilled services 261,723 207,465
Prepaid expenses and other current assets 45,059 42,930
Income tax receivable 1,022 1,076
Total current assets 715,797 733,476
Property and equipment, net 139,172 142,032
Goodwill 896,765 895,369
Intangible assets, net 325,919 334,646
Non-current deferred tax assets 10,421 10,032
Other assets 39,721 37,134
Total assets 2,127,795 2,152,689
Current liabilities:    
Current portion of capital lease obligations and other financing arrangements 25,296 23,333
Accrued payroll, accounts payable and accrued expenses 318,948 333,726
Income taxes payable 3,829 5,484
Deferred revenue and client advances 246,621 246,656
Total current liabilities 594,694 609,199
Capital lease obligations, net of current portion 45,525 45,258
Long-term debt, net of current portion 2,117,132 2,101,885
Non-current income tax liability 7,567 5,942
Deferred tax liability 79,106 73,360
Other non-current liabilities 66,750 88,153
Total liabilities $ 2,910,774 $ 2,923,797
Commitments and contingencies (Note 7)
inVentiv Health, Inc. stockholder’s deficit:    
Common stock, $.01 par value, 1,000 shares authorized, issued and outstanding at March 31, 2016 and December 31, 2015, respectively $ 1 $ 1
Additional paid-in-capital 575,156 573,739
Accumulated deficit (1,328,213) (1,309,136)
Accumulated other comprehensive loss (31,921) (37,340)
Total inVentiv Health, Inc. stockholder’s deficit (784,977) (772,736)
Noncontrolling interest 1,998 1,628
Total stockholder’s deficit (782,979) (771,108)
Total liabilities and stockholder’s deficit $ 2,127,795 $ 2,152,689