Mastech Digital, Inc (MHH) financial statements (2022 and earlier)

Company profile

Business Address 1305 CHERRINGTON PARKWAY
MOON TOWNSHIP, PA 15108
State of Incorp. PA
Fiscal Year End December 31
SIC 8742 - Management Consulting 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 investments6,6227,6772,9811,2942,478829848
Cash and cash equivalents6,6227,6772,9811,2942,478829848
Receivables34,15322,03622,34528,91322,87617,91616,394
Prepaid expense     52 
Deferred tax assets  280217
Other undisclosed current assets13,13011,44411,60410,4889,3193,8873,383
Total current assets:53,90541,15736,93040,69534,67322,96420,842
Noncurrent Assets
Operating lease, right-of-use asset4,8943,2864,617
Property, plant and equipment3,0381,9712,4762,2081,899558656
Intangible assets, net (including goodwill)51,27054,44046,15648,84461,30915,74016,553
Goodwill32,51032,51026,10626,10635,8448,4278,427
Intangible assets, net (excluding goodwill)18,76021,93020,05022,73825,4657,3138,126
Deposits noncurrent assets595396405540255170237
Deferred income tax assets 796 
Deferred tax assets, net297468 92
Other undisclosed noncurrent assets     5997
Total noncurrent assets:59,79760,88953,65451,88963,93116,52717,635
TOTAL ASSETS:113,702102,04690,58492,58498,60439,49138,477
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities20,42116,01412,88313,07315,67610,2619,795
Accounts payable4,9542,5894,0274,1275,0281,9632,213
Accrued liabilities1,2271,0519541,2181,679653603
Employee-related liabilities14,24012,3747,9027,7288,9697,6455,965
Taxes payable      1,014
Deferred revenue544478237
Debt4,4004,4005,9714,5754,0031,8001,800
Deferred revenue and credits430196341
Other undisclosed current liabilities1,4791,079 258   
Total current liabilities:26,84421,97119,09117,90620,10912,25711,936
Noncurrent Liabilities
Long-term debt and lease obligation, including:12,04015,20024,00334,12938,5478,13610,738
Long-term debt, excluding current maturities8,33412,87520,68234,12934,1498,13610,738
Operating lease, liability3,7062,3253,321
Other undisclosed long-term debt and lease obligation    4,398  
Liabilities, other than long-term debt3903,0471856,2736826 
Accounts payable and accrued liabilities12516518520468  
Deferred tax liabilities, net  26 
Deferred income tax liabilities265  
Business combination, contingent consideration, liability 2,882 6,069   
Other undisclosed noncurrent liabilities 2,2951,025 12,727  
Total noncurrent liabilities:12,43020,54225,21340,40251,3428,16210,738
Total liabilities:39,27442,51344,30458,30871,45120,41922,674
Stockholders' equity
Stockholders' equity attributable to parent74,42859,53346,28034,27627,15319,07215,803
Common stock131130127126635352
Treasury stock, value(4,187)(4,187)(4,187)(4,174)(4,154)(4,134)(4,121)
Additional paid in capital28,25025,50921,93920,82920,30413,86313,114
Accumulated other comprehensive income (loss)(607)(539)(358)(119)17(7)(19)
Retained earnings50,84138,62028,75917,61410,9239,2976,777
Total stockholders' equity:74,42859,53346,28034,27627,15319,07215,803
TOTAL LIABILITIES AND EQUITY:113,702102,04690,58492,58498,60439,49138,477

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
Revenues222,012194,101193,574177,164147,882132,008123,470
Cost of revenue(162,568)(142,562)(145,593)(134,636)(116,253)(105,711)(99,671)
Gross profit:59,44451,53947,98142,52831,62926,29723,799
Operating expenses(41,834)(38,136)(30,994)(30,903)(27,548)(21,790)(19,117)
Operating income:17,61013,40316,98711,6254,0814,5074,682
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(49)9611(40)(2)(25)36
Interest and debt expense (284)(104)(100)(99)(38)(29)
Income from continuing operations before equity method investments, income taxes:17,56113,21516,89411,4853,9804,4444,689
Other undisclosed loss from continuing operations before income taxes(675)(582)(1,675)(2,071)(1,032)(424)(264)
Income from continuing operations before income taxes:16,88612,63315,2199,4142,9484,0204,425
Income tax expense(4,665)(2,772)(4,074)(2,723)(1,322)(1,500)(1,672)
Net income available to common stockholders, diluted:12,2219,86111,1456,6911,6262,5202,753

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:12,2219,86111,1456,6911,6262,5202,753
Other comprehensive income (loss)(68)(181)(239)(207)10  
Comprehensive income:12,1539,68010,9066,4841,6362,5202,753
Other undisclosed comprehensive income, net of tax, attributable to parent   7114126
Comprehensive income, net of tax, attributable to parent:12,1539,68010,9066,5551,6502,5322,759

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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