ManTech International Corporation (MANT) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
2251 CORPORATE PARK DRIVE HERNDON, VA 20171 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 8741 - Management Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 41 | 9 | 5 | 9 | 65 | 41 | |||
| Cash and cash equivalents | 41 | 9 | 5 | 9 | 65 | 41 | |||
| Receivables | 423 | 421 | 405 | 311 | 321 | 304 | |||
| Inventory, net of allowances, customer advances and progress billings | 0 | 1 | |||||||
| Inventory | 0 | 1 | |||||||
| Prepaid expense | 26 | 20 | 23 | ||||||
| Other current assets | 6 | 5 | 6 | ||||||
| Other undisclosed current assets | 46 | 34 | 24 | ||||||
| Total current assets: | 496 | 455 | 440 | 367 | 421 | 369 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 0 | ✕ | ✕ | ✕ | ✕ | ||||
| Operating lease, right-of-use asset | 95 | 118 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 121 | 86 | 51 | 46 | 23 | 22 | |||
| Long-term investments and receivables | 2 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | 2 | ||||||||
| Intangible assets, net (including goodwill) | 1,440 | 1,388 | 1,258 | 1,279 | 1,111 | 1,074 | |||
| Goodwill | 1,238 | 1,191 | 1,086 | 1,085 | 956 | 920 | |||
| Intangible assets, net (excluding goodwill) | 202 | 197 | 172 | 194 | 155 | 154 | |||
| Deferred costs | 38 | 37 | 31 | 34 | |||||
| Other noncurrent assets | 12 | 13 | 12 | 7 | 2 | 3 | |||
| Defined benefit plan, assets for plan benefits | ✕ | ✕ | ✕ | ✕ | ✕ | 29 | 28 | ||
| Other undisclosed noncurrent assets | 9 | 12 | 12 | 12 | 12 | 11 | |||
| Total noncurrent assets: | 1,717 | 1,653 | 1,364 | 1,377 | 1,177 | 1,137 | |||
| TOTAL ASSETS: | 2,214 | 2,108 | 1,804 | 1,744 | 1,598 | 1,506 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 281 | 146 | 126 | 122 | 109 | 106 | |||
| Employee-related liabilities | 124 | 97 | 89 | 87 | 71 | 61 | |||
| Accounts payable | 142 | ||||||||
| Accrued liabilities | 15 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 49 | 37 | 35 | 38 | 45 | ||||
| Deferred revenue | 37 | 28 | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 0 | 29 | |||||||
| Billings in excess of cost | ✕ | ✕ | ✕ | ✕ | 19 | 12 | 13 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | 28 | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | 30 | 97 | 89 | 87 | 71 | 61 | |||
| Total current liabilities: | 349 | 300 | 243 | 228 | 192 | 180 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 95 | 140 | 8 | 31 | |||||
| Long-term debt, excluding current maturities | 15 | 37 | 8 | 31 | |||||
| Liabilities, other than long-term debt | 190 | 178 | 152 | 142 | 165 | 143 | |||
| Deferred compensation liability, classified | 36 | 36 | 31 | 35 | |||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 109 | 97 | 122 | 102 | ||
| Deferred income tax liabilities | 142 | 132 | ✕ | ✕ | ✕ | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 31 | 30 | |||||||
| Other liabilities | 12 | 10 | 12 | 11 | 12 | 11 | |||
| Operating lease, liability | 80 | 103 | ✕ | ✕ | ✕ | ✕ | |||
| Total noncurrent liabilities: | 285 | 317 | 159 | 173 | 165 | 143 | |||
| Total liabilities: | 634 | 617 | 403 | 402 | 357 | 323 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,579 | 1,491 | 1,401 | 1,343 | 1,242 | 1,184 | |||
| Treasury stock, value | (9) | (9) | (9) | (9) | (9) | (9) | |||
| Additional paid in capital | 546 | 526 | 507 | 492 | 472 | 438 | |||
| Accumulated other comprehensive loss | (0) | (0) | (0) | (0) | (0) | (0) | |||
| Retained earnings | 1,043 | 974 | 903 | 860 | 779 | 754 | |||
| Other undisclosed equity, attributable to parent | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Total equity: | 1,579 | 1,491 | 1,401 | 1,343 | 1,242 | 1,184 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,214 | 2,108 | 1,804 | 1,744 | 1,598 | 1,506 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,518 | 2,223 | 1,959 | 1,717 | 1,602 | 1,550 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (2,139) | (1,893) | (1,678) | (1,464) | (1,370) | (1,321) | ||
| Gross profit: | 380 | 329 | 280 | 253 | 232 | 229 | ||
| Operating expenses | (222) | (191) | (168) | (155) | (141) | (145) | ||
| Operating income: | 158 | 138 | 113 | 98 | 91 | 85 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 0 | (0) | 0 | 0 | 0 | 2 | ||
| Interest and debt expense | (2) | (3) | (2) | (1) | (1) | (1) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Income from continuing operations before equity method investments, income taxes: | 156 | 136 | 111 | 97 | 90 | 85 | ||
| Income (loss) from equity method investments | (0) | 0 | 0 | 0 | 0 | 0 | ||
| Income from continuing operations before income taxes: | 156 | 136 | 111 | 97 | 90 | 85 | ||
| Income tax expense (benefit) | (36) | (22) | (29) | 17 | (34) | (34) | ||
| Income from continuing operations: | 121 | 114 | 82 | 114 | 56 | 51 | ||
| Income before gain (loss) on sale of properties: | 121 | 114 | 82 | 114 | 56 | 51 | ||
| Net income available to common stockholders, diluted: | 121 | 114 | 82 | 114 | 56 | 51 | ||
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 121 | 114 | 82 | 114 | 56 | 51 | ||
| Other comprehensive income (loss) | (0) | (0) | 0 | (0) | (0) | 0 | ||
| Comprehensive income, net of tax, attributable to parent: | 121 | 114 | 82 | 114 | 56 | 51 | ||
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.