StarTek, Inc. (SRT) financial statements (2022 and earlier)

Company profile

Business Address 6200 SOUTH SYRACUSE WAY
GREENWOOD VILLAGE, CO 80111
State of Incorp. DE
Fiscal Year End December 31
SIC 7363 - Help Supply 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
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments47,94044,507 1,4561,0392,626
Cash and cash equivalents47,94044,507 1,4561,0392,626
Restricted cash and investments7,4566,052    
Receivables106,93783,560 53,05260,17957,940
Prepaid expense   2,3512,1402,019
Contract with customer, asset50,07449,779 
Other current assets   1,2901,6701,433
Other undisclosed current assets12,61114,542    
Total current assets:225,018198,440 58,14965,02864,018
Noncurrent Assets
Finance lease, right-of-use asset 1,341 
Operating lease, right-of-use asset63,01269,376 
Property, plant and equipment34,16834,225 19,94323,27630,364
Long-term investments and receivables31,688111    
Long-term investments31,688111    
Intangible assets, net (including goodwill)273,489283,837 14,63415,77416,995
Goodwill183,397183,397 9,0779,0779,148
Intangible assets, net (excluding goodwill)90,092100,440 5,5576,6977,847
Deferred income tax assets3,6645,294 
Other noncurrent assets   3,2722,3972,948
Other undisclosed noncurrent assets11,43612,029  3331,349
Total noncurrent assets:417,457406,213 37,84941,78051,656
TOTAL ASSETS:642,475604,653 95,998106,808115,674
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities72,91083,063 21,97423,46224,639
Accounts payable11,91620,074 7,0197,6129,470
Accrued liabilities53,20357,118 2,1052,0833,103
Employee-related liabilities7,7915,871 12,85013,76712,066
Debt9,85217,686 2,7252,74035,711
Derivative instruments and hedges, liabilities    980524
Deferred tax liabilities  1,263
Other liabilities48,26539,987 1,2491,1571,560
Other undisclosed current liabilities16,60213,455  26,025 
Total current liabilities:147,629154,191 25,94854,36463,697
Noncurrent Liabilities
Long-term debt and lease obligation, including:204,438170,367 2,3324,1616,181
Long-term debt, excluding current maturities160,175118,315 3,1285,5008,189
Operating lease, liability44,26352,052 
Other undisclosed long-term debt and lease obligation   (796)(1,339)(2,008)
Liabilities, other than long-term debt37,08833,213 9052,2001,863
Deferred revenue and credits 1,1511,629
Deferred tax liabilities, net 499 
Deferred income tax liabilities17,52617,715 
Other liabilities19,56215,498 905550234
Other undisclosed noncurrent liabilities   19,8741,3392,008
Total noncurrent liabilities:241,526203,580 23,1117,70010,052
Total liabilities:389,155357,771 49,05962,06473,749
Stockholders' equity
Stockholders' equity attributable to parent195,304196,276 46,93944,74441,925
Common stock409405 162158157
Treasury stock, value(1,912)     
Additional paid in capital291,537288,700 82,59480,56078,439
Accumulated other comprehensive income (loss)(10,687)(7,286) 1,384(49)(351)
Accumulated deficit(84,043)(85,543) (37,201)(35,925)(36,320)
Stockholders' equity attributable to noncontrolling interest58,01650,606    
Total stockholders' equity:253,320246,882 46,93944,74441,925
TOTAL LIABILITIES AND EQUITY:642,475604,653 95,998106,808115,674

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

12/31/2021
12/31/2020
12/31/2019
12/31/2017
12/31/2016
12/31/2015
Revenues703,633640,222 292,604307,200282,134
Revenue, net292,604307,200282,134
Cost of revenue(606,031)(550,601) (260,242)(270,779)(257,830)
Cost of goods and services sold   (260,242)(270,779)(257,830)
Gross profit:97,60289,621 32,36236,42124,304
Operating expenses(54,643)(62,116) (33,104)(33,560)(38,317)
Other undisclosed operating loss(8,226)(37,799)    
Operating income (loss):34,733(10,294) (742)2,861(14,013)
Nonoperating income (expense)2,815(1,389) 642(178)37
Investment income, nonoperating518(1,603) 5 2
Foreign currency transaction loss, before tax(649)     
Other nonoperating income (expense)2,946214 637(178)35
Interest and debt expense(10,572)(11,239) (1,609)(1,573)(1,685)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (3)3509
Income (loss) from continuing operations before equity method investments, income taxes:26,976(22,922) (1,712)1,113(15,152)
Income (loss) from equity method investments6,681(31)    
Other undisclosed loss from continuing operations before income taxes(12,065)(2,931)    
Income (loss) from continuing operations before income taxes:21,592(25,884) (1,712)1,113(15,152)
Income tax expense (benefit)(11,866)(7,760) 436(718)(464)
Net income (loss):9,726(33,644) (1,276)395(15,616)
Net loss attributable to noncontrolling interest(8,226)(5,341)    
Net income (loss) available to common stockholders, diluted:1,500(38,985) (1,276)395(15,616)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2017
12/31/2016
12/31/2015
Net income (loss):9,726(33,644) (1,276)395(15,616)
Other comprehensive income (loss)(4,217)(2,738) 1,433302(16,090)
Comprehensive income (loss):5,509(36,382) 157697(31,706)
Comprehensive loss, net of tax, attributable to noncontrolling interest(7,410)(3,867)    
Other undisclosed comprehensive income, net of tax, attributable to parent     32,180
Comprehensive income (loss), net of tax, attributable to parent:(1,901)(40,249) 157697474

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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