Hill International, Inc. (HIL) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
ONE COMMERCE SQUARE PHILADELPHIA, PA 19103 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 8711 - Engineering Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2022 MRQ | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 21,821 | 34,229 | 15,915 | 18,711 | 21,353 | 25,637 | |||
| Cash and cash equivalents | 21,821 | 34,229 | 15,915 | 18,711 | 21,353 | 25,637 | |||
| Restricted cash and investments | 5,562 | 3,752 | 4,666 | 2,945 | 4,407 | 4,312 | |||
| Receivables | 143,420 | 123,769 | 124,924 | 137,488 | 163,598 | 174,327 | |||
| Contract with customer, asset, after allowance for credit loss | 9,743 | 11,775 | 16,459 | 18,397 | ✕ | ✕ | |||
| Disposal group, including discontinued operation | 54,144 | ||||||||
| Other undisclosed current assets | 9,937 | 9,378 | 9,340 | 5,554 | 9,053 | 7,751 | |||
| Total current assets: | 190,483 | 182,903 | 171,304 | 183,095 | 198,411 | 266,171 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 801 | 288 | ✕ | ✕ | ✕ | ||||
| Operating lease, right-of-use asset | 18,347 | 13,116 | 17,451 | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 8,895 | 9,443 | 11,895 | 10,787 | 12,004 | 16,787 | |||
| Long-term investments and receivables | 2,038 | 2,805 | 1,711 | 3,015 | 3,639 | 3,581 | |||
| Long-term investments | 2,038 | 2,805 | 1,711 | 3,015 | 3,639 | 3,581 | |||
| Intangible assets, net (including goodwill) | 47,129 | 48,650 | 48,256 | 50,185 | 56,566 | 57,412 | |||
| Goodwill | 44,127 | 46,397 | 48,024 | 48,869 | 52,658 | 50,665 | |||
| Intangible assets, net (excluding goodwill) | 3,002 | 2,253 | 232 | 1,316 | 3,908 | 6,747 | |||
| Contract with customer, asset, after allowance for credit loss | 7,491 | 6,044 | ✕ | ✕ | |||||
| Restricted cash and investments | 3,063 | 3,432 | 4,401 | 1,451 | 1,160 | 313 | |||
| Disposal group, including discontinued operation, noncurrent assets | 33,298 | ||||||||
| Deferred income tax assets | 2,165 | 3,698 | 3,800 | ✕ | ✕ | ✕ | |||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | 4,052 | 2,197 | |||
| Other undisclosed noncurrent assets | 2,645 | 1,620 | 10,733 | 16,236 | 17,463 | 21,449 | |||
| Total noncurrent assets: | 92,574 | 89,096 | 98,247 | 81,674 | 94,884 | 135,037 | |||
| TOTAL ASSETS: | 283,057 | 271,999 | 269,551 | 264,769 | 293,295 | 401,208 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 63,856 | 67,797 | 65,172 | 80,036 | 83,221 | 83,992 | |||
| Taxes payable | ✕ | 2,610 | 2,219 | 3,152 | 8,826 | 5,315 | |||
| Employee-related liabilities | ✕ | 19,699 | 26,691 | 28,874 | 28,915 | 29,569 | 31,095 | ||
| Accounts payable | 23,573 | 20,953 | 22,102 | 30,005 | 32,345 | 30,944 | |||
| Accrued liabilities | 3,333 | 7,203 | 4,552 | 7,432 | 8,822 | 7,063 | |||
| Other undisclosed accounts payable and accrued liabilities | 14,641 | 10,731 | 6,492 | 4,858 | 12,485 | 9,575 | |||
| Deferred revenue | 4,088 | 3,305 | 10,773 | ✕ | ✕ | ✕ | |||
| Debt | 26,087 | 1,057 | 7,528 | 3,364 | 3,241 | 1,983 | |||
| Disposal group, including discontinued operation | 27,703 | ||||||||
| Other liabilities | 6,006 | 5,796 | 4,876 | 5,644 | 8,973 | 8,168 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 12,943 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | 11,169 | ✕ | ✕ | ||
| Other undisclosed current liabilities | 7,387 | 7,016 | 3,152 | 8,826 | 30,439 | 5,315 | |||
| Total current liabilities: | 107,424 | 84,971 | 91,501 | 109,039 | 125,874 | 140,104 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 48,440 | 61,664 | 58,180 | 44,587 | 34,541 | 142,120 | |||
| Long-term debt, excluding current maturities | 29,302 | 48,294 | 41,150 | 44,587 | 34,541 | 142,120 | |||
| Finance lease, liability | 573 | 186 | ✕ | ✕ | ✕ | ||||
| Liabilities, other than long-term debt | 23,675 | 15,476 | 8,091 | 15,353 | 13,466 | 27,102 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 12,691 | |||
| Deferred revenue | 9,541 | 7,488 | 3,041 | ✕ | ✕ | ✕ | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | 5,105 | ✕ | ✕ | ||
| Deferred income tax liabilities | 959 | 1,210 | 419 | ✕ | ✕ | ✕ | |||
| Disposal group, including discontinued operation, liabilities | 4,679 | ||||||||
| Other liabilities | 13,175 | 6,778 | 4,631 | 10,248 | 13,466 | 9,732 | |||
| Operating lease, liability | 18,565 | 13,184 | 17,030 | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 279 | 600 | 1,551 | 1,345 | 8,744 | 1,496 | |||
| Total noncurrent liabilities: | 72,394 | 77,740 | 67,822 | 61,285 | 56,751 | 170,718 | |||
| Total liabilities: | 179,818 | 162,711 | 159,323 | 170,324 | 182,625 | 310,822 | |||
| Equity | |||||||||
| Equity, attributable to parent | 102,795 | 107,736 | 109,357 | 93,840 | 109,075 | 88,370 | |||
| Common stock | 6 | 6 | 6 | 6 | 6 | 6 | |||
| Treasury stock, value | (29,056) | (29,056) | (28,231) | (28,231) | (30,041) | (30,041) | |||
| Additional paid in capital | 217,471 | 215,010 | 212,759 | 210,084 | 197,104 | 190,355 | |||
| Accumulated other comprehensive income (loss) | (1,813) | 1,318 | (3,817) | (2,575) | (4,011) | (54,327) | |||
| Accumulated deficit | (83,813) | (79,542) | (71,360) | (85,444) | (53,983) | (17,623) | |||
| Equity, attributable to noncontrolling interest | 444 | 1,552 | 871 | 605 | 1,595 | 2,016 | |||
| Total equity: | 103,239 | 109,288 | 110,228 | 94,445 | 110,670 | 90,386 | |||
| TOTAL LIABILITIES AND EQUITY: | 283,057 | 271,999 | 269,551 | 264,769 | 293,295 | 401,208 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 377,438 | 368,524 | 376,437 | 428,679 | 483,736 | 520,847 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 520,847 | ||
| Cost of revenue | (253,760) | (249,173) | (249,587) | (297,988) | (336,883) | (358,943) | ||
| Cost of goods and services sold | (358,943) | |||||||
| Gross profit: | 123,678 | 119,351 | 126,850 | 130,691 | 146,853 | 161,904 | ||
| Operating expenses | (113,590) | (109,215) | (111,124) | (148,038) | (151,186) | (162,721) | ||
| Other undisclosed operating income (loss) | (828) | 363 | 2,601 | (3,616) | 3,777 | (37) | ||
| Operating income (loss): | 9,260 | 10,499 | 18,327 | (20,963) | (556) | (854) | ||
| Nonoperating income (expense) | (86) | (11,212) | 613 | (6,022) | (834) | |||
| Investment income, nonoperating | (5,501) | |||||||
| Loss, foreign currency transaction, before tax | (6,022) | (834) | ||||||
| Other nonoperating income (expense) | (86) | (5,711) | 613 | |||||
| Interest and debt expense | (699) | (715) | (710) | (961) | (1,778) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 9,174 | (1,412) | 18,225 | (27,695) | (2,351) | (2,632) | ||
| Income (loss) from equity method investments | 2,299 | 3,286 | 4,322 | 3,777 | (37) | |||
| Other undisclosed income (loss) from continuing operations before income taxes | (7,726) | (2,310) | (5,080) | (2,900) | (5,013) | 1,121 | ||
| Income (loss) from continuing operations before income taxes: | 3,747 | (436) | 13,145 | (26,273) | (3,587) | (1,548) | ||
| Income tax expense (benefit) | (7,689) | (7,134) | 1,109 | (4,239) | (3,103) | (6,068) | ||
| Income (loss) from continuing operations: | (3,942) | (7,570) | 14,254 | (30,512) | (6,690) | (7,616) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (3,942) | (7,570) | 14,254 | (31,375) | 27,544 | (18,692) | |
| Income (loss) from discontinued operations | (863) | 34,234 | (11,076) | |||||
| Net income (loss): | (3,942) | (7,570) | 14,254 | (31,375) | 27,544 | (18,692) | ||
| Net loss attributable to noncontrolling interest | (329) | (612) | (170) | (86) | (178) | (136) | ||
| Net income (loss) available to common stockholders, diluted: | (4,271) | (8,182) | 14,084 | (31,461) | 27,366 | (18,828) | ||
Comprehensive Income ($ in thousands)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (3,942) | (7,570) | 14,254 | (31,375) | 27,544 | (18,692) | ||
| Other comprehensive income (loss) | (4,568) | 5,204 | (1,146) | 983 | 1,125 | (9,540) | ||
| Comprehensive income (loss): | (8,510) | (2,366) | 13,108 | (30,392) | 28,669 | (28,232) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 1,108 | (681) | (266) | 367 | (703) | 1,943 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (7,402) | (3,047) | 12,842 | (30,025) | 27,966 | (26,289) | ||
Statements Sources
The financial statements are based on the Company's filings with 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.