CRA International,Inc. (CRAI) financial statements (2020 and earlier)
Company profile
| Business Address |
200 CLARENDON STREET BOSTON, MA 02116 |
| State of Incorp. | MA |
| Fiscal Year End | December 31 |
| SIC | 8111 - Legal Services (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 26 | 38 | 54 | 54 | 38 | 48 | 51 | ||
| Cash and cash equivalents | 26 | 38 | 54 | 54 | 38 | 48 | 51 | ||
| Receivables | 108 | 95 | 80 | 67 | 61 | 60 | 58 | ||
| Prepaid expense | 12 | 10 | |||||||
| Other undisclosed current assets | 51 | 49 | 50 | 50 | 42 | 46 | 44 | ||
| Total current assets: | 184 | 181 | 184 | 171 | 141 | 165 | 163 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 130 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 61 | 48 | 45 | 36 | 31 | 15 | 16 | ||
| Long-term investments and receivables | 0 | 0 | |||||||
| Due from related parties | 0 | 0 | |||||||
| Intangible assets, net (including goodwill) | 95 | 96 | 98 | 77 | 81 | 87 | 86 | ||
| Goodwill | 89 | 88 | 89 | 75 | 77 | 82 | 82 | ||
| Intangible assets, net (excluding goodwill) | 6 | 8 | 9 | 3 | 4 | 5 | 5 | ||
| Deferred income tax assets | 11 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 4 | 2 | 3 | 1 | 2 | 48 | 55 | ||
| Other undisclosed noncurrent assets | 48 | 43 | 32 | 38 | 59 | 0 | 1 | ||
| Total noncurrent assets: | 349 | 190 | 177 | 153 | 173 | 150 | 157 | ||
| TOTAL ASSETS: | 533 | 371 | 362 | 324 | 314 | 315 | 320 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 147 | 130 | 113 | 89 | 79 | 142 | 135 | ||
| Accounts payable | 26 | 22 | 18 | 14 | 14 | 14 | 14 | ||
| Accrued liabilities | 121 | 108 | 95 | 75 | 65 | 67 | 66 | ||
| Employee-related liabilities | 62 | 52 | |||||||
| Taxes payable | 0 | 4 | |||||||
| Deferred revenue | 4 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 13 | 0 | |||||||
| Deferred compensation liability | 4 | 4 | 1 | 1 | 1 | 0 | 0 | ||
| Deferred revenue and credits | ✕ | 2 | 1 | 1 | 1 | 2 | 2 | ||
| Deferred tax liabilities | ✕ | 0 | |||||||
| Other undisclosed current liabilities | 3 | 7 | 7 | 3 | 6 | (56) | (49) | ||
| Total current liabilities: | 171 | 142 | 122 | 94 | 86 | 88 | 88 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 147 | 1 | 1 | ||||||
| Long-term debt, excluding current maturities | 1 | 1 | |||||||
| Operating lease, liability | 147 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 16 | 32 | 32 | 22 | 16 | 11 | 7 | ||
| Deferred revenue and credits | ✕ | 24 | 12 | 15 | 12 | 5 | 4 | ||
| Deferred compensation liability, classified | 15 | 8 | 21 | 6 | 4 | 3 | 1 | ||
| Deferred tax liabilities, net | ✕ | 3 | 2 | ||||||
| Deferred income tax liabilities | 1 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed noncurrent liabilities | 2 | 0 | 0 | 0 | |||||
| Total noncurrent liabilities: | 164 | 32 | 33 | 22 | 16 | 12 | 8 | ||
| Total liabilities: | 335 | 174 | 155 | 116 | 103 | 100 | 96 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 198 | 196 | 207 | 207 | 212 | 214 | 224 | ||
| Common stock | 9 | 23 | 47 | 54 | 66 | 73 | 93 | ||
| Accumulated other comprehensive loss | (12) | (13) | (10) | (14) | (9) | (7) | (3) | ||
| Retained earnings | 200 | 186 | 169 | 167 | 155 | 148 | 134 | ||
| Stockholders' equity attributable to noncontrolling interest | 0 | 1 | (1) | 1 | 1 | ||||
| Total stockholders' equity: | 198 | 196 | 207 | 208 | 211 | 215 | 225 | ||
| TOTAL LIABILITIES AND EQUITY: | 533 | 371 | 362 | 324 | 314 | 315 | 320 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 451 | 418 | 370 | 325 | 304 | 343 | 316 | |
| Revenue, net | ✕ | ✕ | 370 | 325 | 304 | 343 | 316 | |
| Cost of revenue (Cost of Goods and Services Sold) | (318) | (259) | (227) | (208) | (207) | (189) | ||
| Other undisclosed gross profit | (37) | (37) | ||||||
| Gross profit: | 134 | 418 | 111 | 97 | 96 | 100 | 89 | |
| Operating expenses | (104) | (100) | (95) | (78) | (84) | (76) | (76) | |
| Other undisclosed operating income (loss) | (289) | 0 | 6 | |||||
| Operating income: | 29 | 29 | 16 | 19 | 12 | 24 | 19 | |
| Nonoperating income (expense) | (1) | 1 | (0) | 3 | (1) | 0 | (0) | |
| Investment income, nonoperating | 0 | 0 | 4 | 0 | 0 | 0 | ||
| Foreign currency transaction gain (loss), before tax | (1) | 0 | (0) | |||||
| Other nonoperating income (expense) | 0 | (0) | (0) | (1) | (0) | (0) | ||
| Interest and debt expense | (1) | (1) | (0) | (0) | 0 | (1) | (1) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (0) | 0 | ||||||
| Income from continuing operations before income taxes: | 27 | 29 | 15 | 22 | 12 | 23 | 18 | |
| Income tax expense | (6) | (6) | (7) | (8) | (5) | (10) | (7) | |
| Net income: | 21 | 22 | 8 | 14 | 6 | 13 | 11 | |
| Net income (loss) attributable to noncontrolling interest | 0 | (0) | (1) | 1 | 0 | 0 | ||
| Net income attributable to parent: | 21 | 22 | 8 | 13 | 8 | 14 | 11 | |
| Undistributed earnings (loss) allocated to participating securities, basic | (0) | (0) | (0) | ✕ | ✕ | ✕ | ✕ | |
| Net income available to common stockholders, basic: | 21 | 22 | 8 | 13 | 8 | 14 | 11 | |
| Other undisclosed net loss available to common stockholders, diluted | (0) | (0) | ||||||
| Net income available to common stockholders, diluted: | 21 | 22 | 8 | 13 | 8 | 14 | 11 | |
Comprehensive Income ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 21 | 22 | 8 | 14 | 6 | 13 | 11 | |
| Other comprehensive income | 10 | 12 | ||||||
| Other undisclosed comprehensive income (loss) | 1 | (3) | 4 | (5) | (3) | |||
| Comprehensive income: | 22 | 20 | 12 | 10 | 4 | 24 | 23 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 0 | (0) | (1) | 1 | 0 | (0) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (13) | (11) | ||||||
| Comprehensive income, net of tax, attributable to parent: | 22 | 20 | 12 | 8 | 5 | 10 | 12 | |
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.