Hill International, Inc. (HIL) financial statements (2022 and earlier)

Company profile

Business Address ONE COMMERCE SQUARE
PHILADELPHIA, PA 19103
State of Incorp. DE
Fiscal Year End December 31
SIC 8711 - Engineering 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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21,82134,22915,91518,71121,35325,637
Cash and cash equivalents21,82134,22915,91518,71121,35325,637
Restricted cash and investments5,5623,7524,6662,9454,4074,312
Receivables143,420123,769124,924137,488163,598174,110
Contract with customer, asset9,74311,77516,45918,397
Disposal group, including discontinued operation     54,651
Other undisclosed current assets9,9379,3789,3405,5549,0537,751
Total current assets:190,483182,903171,304183,095198,411266,461
Noncurrent Assets
Finance lease, right-of-use asset801288 
Operating lease, right-of-use asset18,34713,11617,451
Property, plant and equipment8,8959,44311,89510,78712,00416,389
Long-term investments and receivables2,0382,8051,7113,0153,6393,501
Long-term investments2,0382,8051,7113,0153,6393,501
Intangible assets, net (including goodwill)47,12948,65048,25650,18556,56656,671
Goodwill44,12746,39748,02448,86952,65850,665
Intangible assets, net (excluding goodwill)3,0022,2532321,3163,9086,006
Contract with customer, asset, net7,4916,044  
Restricted cash and investments3,0633,4324,4011,4511,160313
Disposal group, including discontinued operation, noncurrent assets     32,091
Deferred income tax assets2,1653,6983,800
Deferred tax assets, net 4,0523,200
Other undisclosed noncurrent assets2,6451,62010,73316,23617,46321,449
Total noncurrent assets:92,57489,09698,24781,67494,884133,614
TOTAL ASSETS:283,057271,999269,551264,769293,295400,075
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:63,85667,79765,17280,03683,22185,680
Accounts payable23,57320,95322,10230,00532,34530,944
Accrued liabilities3,3337,2034,5527,4328,8227,228
Employee-related liabilities19,69926,69128,87428,91529,56932,618
Taxes payable2,6102,2193,1528,826 4,874
Other undisclosed accounts payable and accrued liabilities14,64110,7316,4924,85812,48510,016
Deferred revenue4,0883,30510,773
Debt26,0871,0577,5283,3643,2411,983
Disposal group, including discontinued operation     25,888
Deferred revenue and credits 12,943
Contract with customer, liability11,169
Other liabilities6,0065,7964,8765,6448,9738,157
Other undisclosed current liabilities7,3877,0163,1528,82630,4394,874
Total current liabilities:107,42484,97191,501109,039125,874139,525
Noncurrent Liabilities
Long-term debt and lease obligation48,44061,66458,18044,58734,541142,120
Long-term debt, excluding current maturities29,30248,29441,15044,58734,541142,120
Finance lease, liability573186 
Operating lease, liability18,56513,18417,030
Liabilities, other than long-term debt23,67515,4768,09115,35313,46640,557
Deferred revenue and credits 22,804
Deferred revenue9,5417,4883,041
Contract with customer, liability5,105
Deferred income tax liabilities9591,210419
Disposal group, including discontinued operation, liabilities     5,087
Other liabilities13,1756,7784,63110,24813,46612,666
Other undisclosed noncurrent liabilities2796001,5511,3458,7441,521
Total noncurrent liabilities:72,39477,74067,82261,28556,751184,198
Total liabilities:179,818162,711159,323170,324182,625323,723
Stockholders' equity
Stockholders' equity attributable to parent102,795107,736109,35793,840109,07574,358
Common stock666666
Treasury stock, value(29,056)(29,056)(28,231)(28,231)(30,041)(30,041)
Additional paid in capital217,471215,010212,759210,084197,104190,353
Accumulated other comprehensive income (loss)(1,813)1,318(3,817)(2,575)(4,011)(4,611)
Accumulated deficit(83,813)(79,542)(71,360)(85,444)(53,983)(81,349)
Stockholders' equity attributable to noncontrolling interest4441,5528716051,5951,994
Total stockholders' equity:103,239109,288110,22894,445110,67076,352
TOTAL LIABILITIES AND EQUITY:283,057271,999269,551264,769293,295400,075

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues377,438368,524376,437428,679483,736516,012
Cost of revenue(253,760)(249,173)(249,587)(297,988)(336,883)(358,943)
Gross profit:123,678119,351126,850130,691146,853157,069
Operating expenses(113,590)(109,215)(111,124)(148,038)(151,186)(170,682)
Other undisclosed operating income (loss)(828)3632,601(3,616)3,777(37)
Operating income (loss):9,26010,49918,327(20,963)(556)(13,650)
Nonoperating income (expense)(86)(11,212)613(6,022)(834)(11,579)
Investment income, nonoperating (5,501)    
Foreign currency transaction loss, before tax   (6,022)(834)(11,579)
Other nonoperating income (expense)(86)(5,711)613   
Interest and debt expense (699)(715)(710)(961)(1,778)
Income (loss) from continuing operations before equity method investments, income taxes:9,174(1,412)18,225(27,695)(2,351)(27,007)
Income (loss) from equity method investments2,2993,286 4,3223,777(37)
Other undisclosed income (loss) from continuing operations before income taxes(7,726)(2,310)(5,080)(2,900)(5,013)11,039
Income (loss) from continuing operations before income taxes:3,747(436)13,145(26,273)(3,587)(16,005)
Income tax expense (benefit)(7,689)(7,134)1,109(4,239)(3,103)(5,955)
Income (loss) from continuing operations:(3,942)(7,570)14,254(30,512)(6,690)(21,960)
Income (loss) from discontinued operations   (863)34,234(11,776)
Net income (loss):(3,942)(7,570)14,254(31,375)27,544(33,736)
Net loss attributable to noncontrolling interest(329)(612)(170)(86)(178)(76)
Net income (loss) available to common stockholders, diluted:(4,271)(8,182)14,084(31,461)27,366(33,812)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(3,942)(7,570)14,254(31,375)27,544(33,736)
Other comprehensive income (loss)(4,568)5,204(1,146)9831,1255,647
Comprehensive income (loss):(8,510)(2,366)13,108(30,392)28,669(28,089)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1,108(681)(266)367(703)255
Comprehensive income (loss), net of tax, attributable to parent:(7,402)(3,047)12,842(30,025)27,966(27,834)

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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