Harte-Hanks, Inc. (HHS) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
9601 MCALLISTER FREEWAY SAN ANTONIO, TX 78216 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7331 - Direct Mail Advertising Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 10,364 | 11,911 | 29,408 | 28,104 | 20,882 | 8,397 | |||
| Cash and cash equivalents | 10,364 | 11,911 | 29,408 | 28,104 | 20,882 | 8,397 | |||
| Receivables | 47,593 | 49,185 | 41,533 | 38,972 | 54,240 | 81,397 | |||
| Inventory, net of allowances, customer advances and progress billings | 46 | 354 | 448 | 587 | |||||
| Inventory | 46 | 354 | 448 | 587 | |||||
| Prepaid expense | 2,176 | 1,948 | 2,256 | 3,378 | 4,088 | 5,039 | |||
| Contract with customer, asset, after allowance for credit loss | 309 | 622 | 613 | 805 | 2,362 | ✕ | |||
| Other current assets | 1,607 | 1,031 | 840 | 1,670 | 2,536 | 3,900 | |||
| Other undisclosed current assets | 4,262 | 10,678 | 11,542 | 6,018 | 20,436 | 3,886 | |||
| Total current assets: | 66,311 | 75,375 | 86,238 | 79,301 | 104,992 | 103,206 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 957 | 1,138 | ✕ | ✕ | |||||
| Operating lease, right-of-use asset | 23,793 | 17,679 | ✕ | ✕ | |||||
| Property, plant and equipment | 10,523 | 7,747 | 5,878 | 8,323 | 13,592 | 21,787 | |||
| Intangible assets, net (including goodwill) | 5,938 | (283,100) | (280,511) | ||||||
| Goodwill | 2,398 | (283,100) | (283,100) | ||||||
| Intangible assets, net (excluding goodwill) | 3,540 | 2,589 | |||||||
| Deferred income tax assets | 16,306 | ✕ | ✕ | ||||||
| Other noncurrent assets | 1,737 | 2,597 | 2,632 | 3,761 | 6,591 | 3,230 | |||
| Other undisclosed noncurrent assets | 19,169 | 22,142 | 283,100 | 283,100 | |||||
| Total noncurrent assets: | 53,673 | 32,486 | 33,260 | 30,901 | 20,183 | 27,606 | |||
| TOTAL ASSETS: | 119,984 | 107,861 | 119,498 | 110,202 | 125,175 | 130,812 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 29,144 | 23,160 | 21,542 | 21,132 | 37,835 | 46,731 | |||
| Employee-related liabilities | ✕ | ✕ | 7,028 | 5,248 | 4,215 | 6,783 | 10,601 | ||
| Accounts payable | 22,465 | 16,132 | 16,294 | 16,917 | 31,052 | 36,130 | |||
| Accrued liabilities | 6,679 | ||||||||
| Deferred revenue | 4,590 | 3,942 | 4,661 | 4,397 | ✕ | ✕ | |||
| Debt | 4,926 | 7,616 | |||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 5,342 | ||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 11,443 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 6,034 | ✕ | ||
| Other liabilities | 2,862 | 2,291 | 2,903 | 2,619 | 3,564 | 3,732 | |||
| Other undisclosed current liabilities | 6,970 | 13,049 | 13,160 | 9,767 | 6,729 | ||||
| Total current liabilities: | 43,566 | 42,442 | 47,192 | 45,531 | 54,162 | 67,248 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 5,000 | 22,174 | 31,778 | 14,200 | |||||
| Long-term debt, excluding current maturities | 5,000 | 22,174 | 18,700 | 14,200 | |||||
| Finance lease, liability | 564 | ✕ | ✕ | ||||||
| Liabilities, other than long-term debt | 3,695 | 4,453 | 73,054 | 72,853 | 66,274 | 98,199 | |||
| Deferred revenue | 432 | 756 | 817 | ✕ | ✕ | ||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 773 | |||
| Deferred income tax liabilities | 244 | ✕ | ✕ | ||||||
| Liability, pension and other postretirement and postemployment benefits | 67,490 | 70,000 | 62,214 | 59,338 | |||||
| Other liabilities | 3,263 | 3,697 | 4,747 | 2,609 | 4,060 | 4,201 | |||
| Operating lease, liability | 12,514 | ✕ | ✕ | ||||||
| Business combination, contingent consideration, liability | 33,887 | ||||||||
| Other undisclosed noncurrent liabilities | 53,915 | 70,958 | 20,478 | ||||||
| Total noncurrent liabilities: | 57,610 | 80,411 | 115,706 | 104,631 | 80,474 | 98,199 | |||
| Total liabilities: | 101,176 | 122,853 | 162,898 | 150,162 | 134,636 | 165,447 | |||
| Temporary equity, carrying amount | 9,723 | 9,723 | 9,723 | 9,723 | |||||
| Equity | |||||||||
| Equity, attributable to parent | 18,808 | (24,715) | (53,123) | (49,683) | (19,184) | (34,635) | |||
| Common stock | 12,221 | 12,121 | 12,121 | 12,121 | 12,115 | 12,075 | |||
| Treasury stock, value | (1,010,012) | (1,085,313) | (1,178,799) | (1,243,509) | (1,251,388) | (1,254,176) | |||
| Additional paid in capital | 218,411 | 290,711 | 383,043 | 447,022 | 453,868 | 457,186 | |||
| Accumulated other comprehensive loss | (48,302) | (53,328) | (65,611) | (63,134) | (46,483) | (44,303) | |||
| Retained earnings | 846,490 | 811,094 | 796,123 | 797,817 | 812,704 | 794,583 | |||
| Total equity: | 18,808 | (24,715) | (53,123) | (49,683) | (19,184) | (34,635) | |||
| TOTAL LIABILITIES AND EQUITY: | 119,984 | 107,861 | 119,498 | 110,202 | 125,175 | 130,812 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 206,278 | 194,596 | 176,900 | 217,577 | 284,628 | 383,906 | ||
| Cost of revenue | (2,728) | (8,918) | (12,989) | (227,506) | (304,995) | (154,896) | ||
| Gross profit: | 203,550 | 185,678 | 163,911 | (9,929) | (20,367) | 229,010 | ||
| Operating expenses | (188,443) | (178,039) | (174,487) | (11,677) | (5,667) | (269,875) | ||
| Operating income (loss): | 15,107 | 7,639 | (10,576) | (21,606) | (26,034) | (40,865) | ||
| Nonoperating income (expense) | 4,206 | 8,620 | (7,733) | (7,114) | (3,931) | (10,889) | ||
| Other nonoperating income (expense) | 4,644 | (477) | (6,569) | (7,114) | (3,931) | (6,063) | ||
| Interest and debt expense | (16) | (27) | (45) | (70) | (200) | |||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 45 | 4,279 | 29,603 | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 19,297 | 16,232 | (18,309) | (24,511) | (562) | (51,754) | ||
| Other undisclosed income from continuing operations before income taxes | 16 | 27 | ||||||
| Income (loss) from continuing operations before income taxes: | 19,313 | 16,259 | (18,309) | (24,511) | (562) | (51,754) | ||
| Income tax expense (benefit) | 17,463 | (1,288) | 16,615 | (1,753) | 18,112 | 9,894 | ||
| Income (loss) from continuing operations: | 36,776 | 14,971 | (1,694) | (26,264) | 17,550 | (41,860) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 14,971 | (1,694) | (26,264) | 17,550 | (41,860) | ||
| Net income (loss) attributable to parent: | 36,776 | 14,971 | (1,694) | (26,264) | 17,550 | (41,860) | ||
| Preferred stock dividends and other adjustments | (1,380) | (496) | (496) | (496) | (457) | |||
| Undistributed earnings (loss) allocated to participating securities, basic | (1,858) | (2,202) | ||||||
| Other undisclosed net income available to common stockholders, basic | ||||||||
| Net income (loss) available to common stockholders, basic: | 35,396 | 12,617 | (2,190) | (26,760) | 14,891 | (41,860) | ||
| Dilutive securities, effect on basic earnings per share | 1,858 | |||||||
| Other undisclosed net income (loss) available to common stockholders, diluted | (1,766) | 11 | ||||||
| Net income (loss) available to common stockholders, diluted: | 35,396 | 12,709 | (2,190) | (26,760) | 14,902 | (41,860) | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 36,776 | 14,971 | (1,694) | (26,264) | 17,550 | (41,860) | ||
| Other comprehensive income | 10,274 | 1,875 | ||||||
| Other undisclosed comprehensive income | ||||||||
| Comprehensive income (loss): | 47,050 | 14,971 | (1,694) | (26,264) | 17,550 | (39,985) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (5,248) | 12,283 | (2,477) | (16,651) | (2,180) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | 41,802 | 27,254 | (4,171) | (42,915) | 15,370 | (39,985) | ||
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.