Computer Task Group, Incorporated (CTG) financial statements (2022 and earlier)

Company profile

Business Address 300 CORPORATE PARKWAY
AMHERST, NY 14226
State of Incorp. NY
Fiscal Year End December 31
SIC 7371 - Computer Programming Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments35,58431,02829,20933,52432,86533,41234,319
Cash and cash equivalents35,58431,02829,20933,52432,86533,41234,319
Receivables84,25281,58881,77774,46876,89274,90779,133
Other undisclosed current assets2,9294,3723,9483,9143,3813,2642,358
Total current assets:122,765116,988114,934111,906113,138111,583115,810
Noncurrent Assets
Operating lease, right-of-use asset22,13223,13123,17523,88422,11620,61620,278
Property, plant and equipment5,2425,2535,5085,7995,5155,5735,246
Long-term investments and receivables47      
Long-term investments47      
Intangible assets, net (including goodwill)26,95627,81428,71328,80630,37229,20127,710
Goodwill19,67620,10120,54820,41521,27520,20019,969
Intangible assets, net (excluding goodwill)7,2807,7138,1658,3919,0979,0017,741
Deferred income tax assets4,946415409392393258330
Other noncurrent assets2,2282,3512,3121,088924711748
Other undisclosed noncurrent assets4,0184,0354,1043,6283,7953,7263,176
Total noncurrent assets:65,56962,99964,22163,59763,11560,08557,488
TOTAL ASSETS:188,334179,987179,155175,503176,253171,668173,298
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities43,68440,54738,56137,79540,75239,32441,544
Accounts payable21,15011,86915,33314,30718,78415,04515,580
Employee-related liabilities22,53428,67823,22823,48821,96824,27924,754
Taxes payable      1,210
Deferred revenue4,7623,0164,2934,1523,1022,5893,555
Other liabilities6,5856,8207,7666,9207,5357,6968,450
Other undisclosed current liabilities9,9529,9669,7899,7629,7566,0305,289
Total current liabilities:64,98360,34960,40958,62961,14555,63958,838
Noncurrent Liabilities
Long-term debt and lease obligation15,61216,40816,61317,32815,56420,52726,929
Long-term debt, excluding current maturities     6,00012,000
Operating lease, liability15,61216,40816,61317,32815,56414,52714,929
Liabilities, other than long-term debt13,30215,44316,00716,14316,70715,47717,335
Deferred compensation liability, classified11,43713,52013,98614,05214,42012,77312,435
Deferred income tax liabilities1,7921,8191,9151,9862,1742,2031,906
Other liabilities731041061051135012,994
Other undisclosed noncurrent liabilities 3,3293,3293,3293,3294,321 
Total noncurrent liabilities:28,91435,18035,94936,80035,60040,32544,264
Total liabilities:93,89795,52996,35895,42996,74595,964103,102
Stockholders' equity
Stockholders' equity attributable to parent94,43784,45882,79780,07479,50875,70470,196
Common stock270270270270270270270
Treasury stock, value(107,265)(107,348)(107,507)(107,339)(109,114)(109,285)(109,320)
Additional paid in capital110,330109,714109,133108,385109,407108,867108,207
Accumulated other comprehensive loss(16,940)(17,503)(16,752)(17,062)(15,367)(16,555)(18,537)
Retained earnings108,04299,32597,65395,82094,31292,40789,576
Total stockholders' equity:94,43784,45882,79780,07479,50875,70470,196
TOTAL LIABILITIES AND EQUITY:188,334179,987179,155175,503176,253171,668173,298

Income statement (P&L) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues112,38990,60392,16497,129101,34888,64889,146
Cost of revenue
(Cost of Goods and Services Sold)
(87,375)(70,313)(71,785)(76,362)(79,721)(69,101)(70,408)
Gross profit:25,01420,29020,37920,76721,62719,54718,738
Operating expenses13,703(17,588)(17,578)(18,669)(18,302)(17,723)(16,824)
Other undisclosed operating loss(33,576)      
Operating income:5,1412,7022,8012,0983,3251,8241,914
Nonoperating expense
(Other Nonoperating expense)
(313)(679)(366)(234)(129)(327)(136)
Interest and debt expense  (100)    
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(431)137210843096611,344
Income from continuing operations before equity method investments, income taxes:4,3972,1602,5451,9483,5052,1583,122
Other undisclosed income from continuing operations before income taxes687      
Income from continuing operations before income taxes:5,0842,1602,5451,9483,5052,1583,122
Income tax expense (benefit)3,633(488)(712)(440)(1,600)673(1,363)
Net income available to common stockholders, diluted:8,7171,6721,8331,5081,9052,8311,759

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:8,7171,6721,8331,5081,9052,8311,759
Other comprehensive income (loss)(311)112114(309)(121)7473
Comprehensive income:8,4061,7841,9471,1991,7842,9051,832
Other undisclosed comprehensive income (loss), net of tax, attributable to parent874(863)196(1,386)1,3091,908571
Comprehensive income (loss), net of tax, attributable to parent:9,2809212,143(187)3,0934,8132,403

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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