StarTek, Inc. (SRT) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
4610 SOUTH ULSTER STREET DENVER, CO 80237 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7363 - Help Supply 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 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 22,457 | 47,940 | 44,507 | 20,464 | 1,456 | 1,039 | |||
| Cash and cash equivalents | 22,457 | 47,940 | 44,507 | 20,464 | 1,456 | 1,039 | |||
| Restricted cash and investments | 49,946 | 7,456 | 6,052 | 12,162 | |||||
| Receivables | 47,138 | 106,937 | 83,560 | 108,479 | 53,052 | 60,179 | |||
| Prepaid expense | 2,351 | 2,140 | |||||||
| Contract with customer, asset, after allowance for credit loss | 24,207 | 50,074 | 49,779 | 41,449 | ✕ | ✕ | |||
| Disposal group, including discontinued operation | 202,831 | ||||||||
| Other current assets | 1,290 | 1,670 | |||||||
| Other undisclosed current assets | 9,159 | 12,611 | 14,542 | 12,008 | |||||
| Total current assets: | 355,738 | 225,018 | 198,440 | 194,562 | 58,149 | 65,028 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 1,341 | 2,407 | ✕ | ✕ | |||||
| Operating lease, right-of-use asset | 36,450 | 63,012 | 69,376 | 73,692 | ✕ | ✕ | |||
| Property, plant and equipment | 22,945 | 34,168 | 34,225 | 37,507 | 19,943 | 23,276 | |||
| Long-term investments and receivables | 31,688 | 111 | 553 | ||||||
| Long-term investments | 31,688 | 111 | 553 | ||||||
| Intangible assets, net (including goodwill) | 200,250 | 273,489 | 283,837 | 330,148 | 14,634 | 15,774 | |||
| Goodwill | 120,505 | 183,397 | 183,397 | 219,341 | 9,077 | 9,077 | |||
| Intangible assets, net (excluding goodwill) | 79,745 | 90,092 | 100,440 | 110,807 | 5,557 | 6,697 | |||
| Deferred income tax assets | 2,771 | 3,664 | 5,294 | 5,251 | ✕ | ✕ | |||
| Other noncurrent assets | 3,272 | 2,397 | |||||||
| Other undisclosed noncurrent assets | 7,889 | 11,436 | 12,029 | 13,963 | 333 | ||||
| Total noncurrent assets: | 270,305 | 417,457 | 406,213 | 463,521 | 37,849 | 41,780 | |||
| TOTAL ASSETS: | 626,043 | 642,475 | 604,653 | 658,083 | 95,998 | 106,808 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 34,104 | 72,910 | 83,063 | 29,572 | 21,974 | 23,462 | |||
| Employee-related liabilities | ✕ | ✕ | 7,791 | 5,871 | 4,123 | 12,850 | 13,767 | ||
| Accounts payable | 2,428 | 11,916 | 20,074 | 25,449 | 7,019 | 7,612 | |||
| Accrued liabilities | 31,676 | 53,203 | 57,118 | 2,105 | 2,083 | ||||
| Debt | 134,733 | 9,852 | 17,686 | 44,724 | 2,725 | 2,740 | |||
| Derivative instruments and hedges, liabilities | 980 | ||||||||
| Disposal group, including discontinued operation | 89,486 | ||||||||
| Other liabilities | 15,646 | 48,265 | 39,987 | 1,249 | 1,157 | ||||
| Other undisclosed current liabilities | 14,492 | 16,602 | 13,455 | 98,152 | 26,025 | ||||
| Total current liabilities: | 288,461 | 147,629 | 154,191 | 172,448 | 25,948 | 54,364 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 41,175 | 204,438 | 170,367 | 185,838 | 2,332 | 4,161 | |||
| Long-term debt, excluding current maturities | 41,175 | 160,175 | 118,315 | 130,144 | 3,128 | 5,500 | |||
| Finance lease, liability | 1,353 | ✕ | ✕ | ||||||
| Other undisclosed long-term debt and lease obligation | (796) | (1,339) | |||||||
| Liabilities, other than long-term debt | 44,841 | 37,088 | 33,213 | 27,991 | 905 | 2,200 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 1,151 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 499 | |||
| Deferred income tax liabilities | 15,508 | 17,526 | 17,715 | 18,226 | ✕ | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 9,765 | ||||||||
| Other liabilities | 2,682 | 19,562 | 15,498 | 905 | 550 | ||||
| Operating lease, liability | 26,651 | 44,263 | 52,052 | 54,341 | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 22 | 19,874 | 1,339 | ||||||
| Total noncurrent liabilities: | 86,016 | 241,526 | 203,580 | 213,851 | 23,111 | 7,700 | |||
| Total liabilities: | 374,477 | 389,155 | 357,771 | 386,299 | 49,059 | 62,064 | |||
| Equity | |||||||||
| Equity, attributable to parent | 187,774 | 195,304 | 196,276 | 225,045 | 46,939 | 44,744 | |||
| Common stock | 411 | 409 | 405 | 385 | 162 | 158 | |||
| Treasury stock, value | (3,749) | (1,912) | |||||||
| Additional paid in capital | 293,472 | 291,537 | 288,700 | 276,827 | 82,594 | 80,560 | |||
| Accumulated other comprehensive income (loss) | (16,058) | (10,687) | (7,286) | (6,022) | 1,384 | (49) | |||
| Accumulated deficit | (86,302) | (84,043) | (85,543) | (46,145) | (37,201) | (35,925) | |||
| Equity, attributable to noncontrolling interest | 63,792 | 58,016 | 50,606 | 46,739 | |||||
| Total equity: | 251,566 | 253,320 | 246,882 | 271,784 | 46,939 | 44,744 | |||
| TOTAL LIABILITIES AND EQUITY: | 626,043 | 642,475 | 604,653 | 658,083 | 95,998 | 106,808 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 385,074 | 703,633 | 640,222 | 657,910 | 292,604 | 307,200 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 292,604 | 307,200 | |
| Cost of revenue | (327,277) | (606,031) | (550,601) | (547,014) | (260,242) | (270,779) | ||
| Cost of goods and services sold | (260,242) | (270,779) | ||||||
| Gross profit: | 57,797 | 97,602 | 89,621 | 110,896 | 32,362 | 36,421 | ||
| Operating expenses | (48,680) | (54,643) | (62,116) | (91,352) | (33,104) | (33,560) | ||
| Other undisclosed operating loss | (9,824) | (8,226) | (37,799) | (9,827) | ||||
| Operating income (loss): | (707) | 34,733 | (10,294) | 9,717 | (742) | 2,861 | ||
| Nonoperating income (expense) | 140 | 2,815 | (1,389) | (1,299) | 642 | (178) | ||
| Investment income, nonoperating | 249 | 518 | (1,603) | (1,723) | 5 | |||
| Gain (loss), foreign currency transaction, before tax | 348 | (649) | ||||||
| Other nonoperating income (expense) | (457) | 2,946 | 214 | 424 | 637 | (178) | ||
| Interest and debt expense | (7,268) | (10,572) | (11,239) | (14,109) | (1,609) | (1,573) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (3) | 3 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (7,835) | 26,976 | (22,922) | (5,691) | (1,712) | 1,113 | ||
| Income (loss) from equity method investments | 13,995 | 6,681 | (31) | (226) | ||||
| Other undisclosed loss from continuing operations before income taxes | (2,358) | (12,065) | (2,931) | (2,573) | ||||
| Income (loss) from continuing operations before income taxes: | 3,802 | 21,592 | (25,884) | (8,490) | (1,712) | 1,113 | ||
| Income tax expense (benefit) | (4,087) | (11,866) | (7,760) | (4,791) | 436 | (718) | ||
| Income (loss) from continuing operations: | (285) | 9,726 | (33,644) | (13,281) | (1,276) | 395 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 9,726 | (33,644) | (13,281) | (1,276) | 395 | |
| Income from discontinued operations | 4,516 | |||||||
| Other undisclosed net income | ||||||||
| Net income (loss): | 4,231 | 9,726 | (33,644) | (13,281) | (1,276) | 395 | ||
| Net loss attributable to noncontrolling interest | (6,490) | (8,226) | (5,341) | (1,737) | ||||
| Net income (loss) available to common stockholders, diluted: | (2,259) | 1,500 | (38,985) | (15,018) | (1,276) | 395 | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 4,231 | 9,726 | (33,644) | (13,281) | (1,276) | 395 | ||
| Other comprehensive income (loss) | (6,085) | (4,217) | (2,738) | (829) | 1,433 | 302 | ||
| Comprehensive income (loss): | (1,854) | 5,509 | (36,382) | (14,110) | 157 | 697 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (5,776) | (7,410) | (3,867) | (1,383) | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (7,630) | (1,901) | (40,249) | (15,493) | 157 | 697 | ||
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.