Mastech Digital Inc (MHH) Financial Statements (2024 and earlier)

Company Profile

Business Address 1305 CHERRINGTON PARKWAY
MOON TOWNSHIP, PA 15108
State of Incorp. PA
Fiscal Year End December 31
Industry (SIC) 8742 - Management Consulting Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21,1477,0576,6227,6772,9811,294
Cash and cash equivalents21,1477,0576,6227,6772,9811,294
Receivables22,55633,60334,15322,03622,34528,913
Other undisclosed current assets12,76012,51413,13011,44411,60410,488
Total current assets:56,46353,17453,90541,15736,93040,695
Noncurrent Assets
Operating lease, right-of-use asset5,1063,8864,8943,2864,617
Property, plant and equipment1,9132,6653,0381,9712,4762,208
Intangible assets, net (including goodwill)40,21148,28351,27054,44046,15648,844
Goodwill27,21032,51032,51032,51026,10626,106
Intangible assets, net (excluding goodwill)13,00115,77318,76021,93020,05022,738
Deposits noncurrent assets457578595396405540
Deferred income tax assets793  796 
Deferred tax assets, net297
Other undisclosed noncurrent assets284293    
Total noncurrent assets:48,76455,70559,79760,88953,65451,889
TOTAL ASSETS:105,227108,879113,702102,04690,58492,584
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities17,95116,74620,42116,01412,88313,073
Employee-related liabilities14,24012,3747,9027,728
Accounts payable4,6594,4754,9542,5894,0274,127
Accrued liabilities13,29212,2711,2271,0519541,218
Deferred revenue684207544478237
Debt  1,1004,4004,4005,9714,575
Other undisclosed current liabilities1,2361,5041,4791,079 258
Total current liabilities:19,87119,55726,84421,97119,09117,906
Noncurrent Liabilities
Long-term debt and lease obligation   12,04015,20024,00334,129
Long-term debt, excluding current maturities   8,33412,87520,68234,129
Liabilities, other than long-term debt3,9123,3193903,0471856,273
Accounts payable and accrued liabilities69105125165185204
Deferred income tax liabilities  920265  
Operating lease, liability3,8432,2943,7062,3253,321
Business combination, contingent consideration, liability    2,882 6,069
Other undisclosed noncurrent liabilities    2,2951,025 
Total noncurrent liabilities:3,9123,31912,43020,54225,21340,402
Total liabilities:23,78322,87639,27442,51344,30458,308
Equity
Equity, attributable to parent81,44486,00374,42859,53346,28034,276
Common stock133133131130127126
Treasury stock, value(4,805)(4,187)(4,187)(4,187)(4,187)(4,174)
Additional paid in capital35,34532,05928,25025,50921,93920,829
Accumulated other comprehensive loss(1,644)(1,555)(607)(539)(358)(119)
Retained earnings52,41559,55350,84138,62028,75917,614
Total equity:81,44486,00374,42859,53346,28034,276
TOTAL LIABILITIES AND EQUITY:105,227108,879113,702102,04690,58492,584

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues201,098242,238222,012194,101193,574177,164
Cost of revenue(150,062)(179,055)(162,568)(142,562)(145,593)(134,636)
Gross profit:51,03663,18359,44451,53947,98142,528
Operating expenses(60,311)(50,984)(41,834)(38,136)(30,994)(30,903)
Operating income (loss):(9,275)12,19917,61013,40316,98711,625
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(75)650(49)9611(40)
Interest and debt expense    (284)(104)(100)
Income (loss) from continuing operations before equity method investments, income taxes:(9,350)12,84917,56113,21516,89411,485
Other undisclosed income (loss) from continuing operations before income taxes319(358)(675)(582)(1,675)(2,071)
Income (loss) from continuing operations before income taxes:(9,031)12,49116,88612,63315,2199,414
Income tax expense (benefit)1,893(3,779)(4,665)(2,772)(4,074)(2,723)
Income (loss) from continuing operations:(7,138)8,71212,2219,86111,1456,691
Income before gain (loss) on sale of properties:12,2219,86111,1456,691
Net income (loss) available to common stockholders, diluted:(7,138)8,71212,2219,86111,1456,691

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(7,138)8,71212,2219,86111,1456,691
Other comprehensive loss(89)(948)(68)(181)(239)(207)
Comprehensive income (loss):(7,227)7,76412,1539,68010,9066,484
Other undisclosed comprehensive income, net of tax, attributable to parent      71
Comprehensive income (loss), net of tax, attributable to parent:(7,227)7,76412,1539,68010,9066,555

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.

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