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
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 investments35,58432,86510,78112,43111,5719,77711,055
Cash and cash equivalents35,58432,86510,78112,43111,1709,40710,801
Short-term investments    401370254
Receivables84,25276,89288,77281,31368,92071,35571,403
Other undisclosed current assets2,9293,3812,2952,2743,0372,5092,320
Total current assets:122,765113,138101,84896,01883,52883,64184,778
Noncurrent Assets
Operating lease, right-of-use asset22,13222,11621,253
Property, plant and equipment5,2425,5156,3795,6566,9965,8635,488
Long-term investments and receivables47      
Long-term investments47      
Intangible assets, net (including goodwill)26,95630,37225,12017,600  37,231
Goodwill19,67621,27516,68111,664  37,231
Intangible assets, net (excluding goodwill)7,2809,0978,4395,936   
Deferred income tax assets4,946393 
Other noncurrent assets2,2289243281,2621,30231,02429,753
Other undisclosed noncurrent assets4,0183,7953,7783,58535,8096,3875,827
Total noncurrent assets:65,56963,11556,85828,10344,10743,27478,299
TOTAL ASSETS:188,334176,253158,706124,121127,635126,915163,077
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities43,68440,75242,15033,82126,49024,33825,812
Accounts payable21,15018,78418,61212,3879,4256,9738,236
Employee-related liabilities22,53421,96823,53821,43417,06517,36517,541
Taxes payable      35
Deferred revenue4,7623,1021,704
Debt  5,904    
Deferred revenue and credits1,918935945
Contract with customer, liability2,875
Other liabilities6,5857,5357,0967,4674,3284,6384,122
Other undisclosed current liabilities9,9529,756    925
Total current liabilities:64,98361,14556,85444,16332,73629,91131,804
Noncurrent Liabilities
Long-term debt and lease obligation15,61215,56420,6393,6404,4354,725 
Long-term debt, excluding current maturities  5,2903,6404,4354,725 
Operating lease, liability15,61215,56415,349
Liabilities, other than long-term debt13,30216,70712,87612,09011,84013,46012,331
Deferred compensation liability, classified11,43714,42012,3469,90611,64712,99311,904
Deferred tax liabilities, net1,632   
Deferred income tax liabilities1,7922,174 
Other liabilities73113530552193467427
Other undisclosed noncurrent liabilities 3,3292,101   1,225
Total noncurrent liabilities:28,91435,60035,61615,73016,27518,18513,556
Total liabilities:93,89796,74592,47059,89349,01148,09645,360
Stockholders' equity
Stockholders' equity attributable to parent, including:94,43779,50866,23664,22878,62478,819117,717
Common stock270270270270270270270
Treasury stock, value(107,265)(109,114)(114,261)(120,406)(113,246)(112,858)(60,275)
Additional paid in capital110,330109,407112,096116,427120,247123,947125,226
Accumulated other comprehensive loss(16,940)(15,367)(18,542)(14,611)(13,676)(16,763)(14,640)
Retained earnings108,04294,31286,67382,54885,02984,223121,798
Other undisclosed stockholders' equity attributable to parent      (54,662)
Total stockholders' equity:94,43779,50866,23664,22878,62478,819117,717
TOTAL LIABILITIES AND EQUITY:188,334176,253158,706124,121127,635126,915163,077

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues392,285366,091394,170358,769301,210324,893369,478
Revenue, net301,210324,893369,478
Cost of revenue
(Cost of Goods and Services Sold)
(305,835)(289,133)(319,135)(290,282)(245,127)(265,711)(302,318)
Gross profit:86,45076,95875,03568,48756,08359,18267,160
Operating expenses(40,132)(67,828)(68,123)(66,407)(52,139)(92,529)(56,523)
Other undisclosed operating loss(33,576)      
Operating income (loss):12,7429,1306,9122,0803,944(33,347)10,637
Nonoperating expense
(Other Nonoperating expense)
(1,592)(786)(934)(841)(365)(377)(233)
Interest and debt expense(100)(200)(400)(200)(100)(100)(50)
Other undisclosed income from continuing operations before equity method investments, income taxes 2,5177111,230578288375
Income (loss) from continuing operations before equity method investments, income taxes:11,05010,6616,2892,2694,057(33,536)10,729
Other undisclosed income from continuing operations before income taxes687      
Income (loss) from continuing operations before income taxes:11,73710,6616,2892,2694,057(33,536)10,729
Income tax expense (benefit)1,993(3,022)(2,164)(5,086)(3,251)(1,102)(4,219)
Net income (loss) available to common stockholders, diluted:13,7307,6394,125(2,817)806(34,638)6,510

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):13,7307,6394,125(2,817)806(34,638)6,510
Other comprehensive income (loss)(369)(158)(80)277(262)(613)953
Comprehensive income (loss):13,3617,4814,045(2,540)544(35,251)7,463
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,204)3,333(3,851)(1,212)3,349(1,510) 
Comprehensive income (loss), net of tax, attributable to parent:12,15710,814194(3,752)3,893(36,761)7,463

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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