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)

9/30/2023
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 investments7,0576,6227,6772,9811,2942,478
Cash and cash equivalents7,0576,6227,6772,9811,2942,478
Receivables33,60334,15322,03622,34528,91322,876
Other undisclosed current assets12,51413,13011,44411,60410,4889,319
Total current assets:53,17453,90541,15736,93040,69534,673
Noncurrent Assets
Operating lease, right-of-use asset3,8864,8943,2864,617
Property, plant and equipment2,6653,0381,9712,4762,2081,899
Intangible assets, net (including goodwill)48,28351,27054,44046,15648,84461,309
Goodwill32,51032,51032,51026,10626,10635,844
Intangible assets, net (excluding goodwill)15,77318,76021,93020,05022,73825,465
Deposits noncurrent assets578595396405540255
Deferred income tax assets   796 
Deferred tax assets, net297468
Other undisclosed noncurrent assets293     
Total noncurrent assets:55,70559,79760,88953,65451,88963,931
TOTAL ASSETS:108,879113,702102,04690,58492,58498,604
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities16,74620,42116,01412,88313,07315,676
Employee-related liabilities14,24012,3747,9027,7288,969
Accounts payable4,4754,9542,5894,0274,1275,028
Accrued liabilities12,2711,2271,0519541,2181,679
Deferred revenue207544478237
Debt 1,1004,4004,4005,9714,5754,003
Deferred revenue and credits430
Other undisclosed current liabilities1,5041,4791,079 258 
Total current liabilities:19,55726,84421,97119,09117,90620,109
Noncurrent Liabilities
Long-term debt and lease obligation, including:  12,04015,20024,00334,12938,547
Long-term debt, excluding current maturities  8,33412,87520,68234,12934,149
Other undisclosed long-term debt and lease obligation      4,398
Liabilities, other than long-term debt3,3193903,0471856,27368
Accounts payable and accrued liabilities10512516518520468
Deferred income tax liabilities920265  
Operating lease, liability2,2943,7062,3253,321
Business combination, contingent consideration, liability   2,882 6,069 
Other undisclosed noncurrent liabilities   2,2951,025 12,727
Total noncurrent liabilities:3,31912,43020,54225,21340,40251,342
Total liabilities:22,87639,27442,51344,30458,30871,451
Equity
Equity, attributable to parent86,00374,42859,53346,28034,27627,153
Common stock13313113012712663
Treasury stock, value(4,187)(4,187)(4,187)(4,187)(4,174)(4,154)
Additional paid in capital32,05928,25025,50921,93920,82920,304
Accumulated other comprehensive income (loss)(1,555)(607)(539)(358)(119)17
Retained earnings59,55350,84138,62028,75917,61410,923
Total equity:86,00374,42859,53346,28034,27627,153
TOTAL LIABILITIES AND EQUITY:108,879113,702102,04690,58492,58498,604

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues242,238222,012194,101193,574177,164147,882
Cost of revenue(179,055)(162,568)(142,562)(145,593)(134,636)(116,253)
Gross profit:63,18359,44451,53947,98142,52831,629
Operating expenses(50,984)(41,834)(38,136)(30,994)(30,903)(27,548)
Operating income (loss):12,19917,61013,40316,98711,6254,081
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
650(49)9611(40)(2)
Interest and debt expense   (284)(104)(100)(99)
Income (loss) from continuing operations before equity method investments, income taxes:12,84917,56113,21516,89411,4853,980
Other undisclosed income (loss) from continuing operations before income taxes(358)(675)(582)(1,675)(2,071)(1,032)
Income from continuing operations before income taxes:12,49116,88612,63315,2199,4142,948
Income tax expense(3,779)(4,665)(2,772)(4,074)(2,723)(1,322)
Income (loss) from continuing operations:8,71212,2219,86111,1456,6911,626
Income before gain (loss) on sale of properties:12,2219,86111,1456,6911,626
Net income (loss) available to common stockholders, diluted:8,71212,2219,86111,1456,6911,626

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):8,71212,2219,86111,1456,6911,626
Other comprehensive income (loss)(948)(68)(181)(239)(207)10
Comprehensive income (loss):7,76412,1539,68010,9066,4841,636
Other undisclosed comprehensive income, net of tax, attributable to parent     7114
Comprehensive income (loss), net of tax, attributable to parent:7,76412,1539,68010,9066,5551,650

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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