← HACKETT GROUP, INC.
| Annual Trend | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net income | $9.7m |
$13.8m
+42.20%
|
$27.4m
+98.09%
|
$23.9m
-12.59%
|
$23.3m
-2.64%
|
$5.5m
-76.49%
|
$40.8m
+645.51%
|
$34.2m
-16.30%
|
$29.6m
-13.24%
|
$12.9m
-56.32%
|
$16.8m
+30.02%
|
|
| Net Income (Loss) Attributable to Parent | $9.7m |
$21.5m
+121.82%
|
$27.4m
+26.99%
|
$23.9m
-12.59%
|
$23.3m
-2.64%
|
$41.5m
+78.48%
|
$40.8m
-1.79%
|
$34.2m
-16.30%
|
$29.6m
-13.24%
|
$12.9m
-56.32%
|
— | |
| Depreciation, Depletion and Amortization | — | $2.5m | $2.4m | $2.5m | $3.2m | $3.4m | $3.4m | $3.4m | $3.9m | $5.2m | $5.7m | |
| Amortization of Debt Issuance Costs | $95k | $106k | $90k | $91k | $91k | $45k | $82k | $72k | $78k | $90k | — | |
| Amortization of Intangible Assets | — | $1.1m | $2.1m | $2.4m | $1.0m | $1.0m | $154k | — | $148k | $996k | — | |
| Depreciation | — | $2.5m | $2.4m | $2.5m | $3.2m | $3.4m | $3.3m | $3.4m | $3.8m | $4.2m | $4.4m | |
| Amortization Cash Flow | — | — | — | — | — | — | $154k | $0 | $148k | $996k | — | |
| Amortization Of Intangibles | — | — | — | — | — | — | $154k | $0 | $148k | $996k | $1.2m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $3.4m | $3.4m | $3.9m | $5.2m | $5.7m | |
| Depreciation expense | $2.4m | $2.6m | $2.4m | $2.5m | $3.2m | $3.5m | $3.3m | $3.4m | $3.8m | $4.2m | $5.7m | |
| Amortization expense | $2.2m | $2.2m | $2.1m | $2.4m | $1.0m | $977k | $154k | — | $148k | $996k | — | |
| Deferred Income Tax Expense (Benefit) | $1.9m | $2.3m | ($1.8m) | $223k | $999k | $1.5m | ($480k) | $1.4m | ($346k) | $2.3m | $3.5m | |
| Deferred Tax | — | — | — | — | — | — | ($480k) | $1.4m | ($346k) | $2.3m | $3.5m | |
| Share-based Payment Arrangement, Noncash Expense | — | $8.8m | $10.3m | $9.3m | $7.7m | $10.1m | $10.3m | $10.7m | $11.8m | $10.9m | $17.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | $3.2m | $3.8m | $4.1m | $11.9m | — | |
| Share-based Payment Arrangement, Expensed and Capitalized, Amount | — | $8.8m | $10.3m | $9.3m | $7.7m | $10.1m | $10.3m | $10.7m | $19.5m | $30.6m | $17.0m | |
| Non-cash stock compensation expense | $6.4m | $10.4m | $10.3m | $9.3m | $7.7m | $9.7m | $10.3m | $10.7m | $19.5m | $30.7m | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | — | — | — | $0 | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | $400k | — | — | — | — | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | — | — | $0 | ($651k) | — | — | — | — | |
| Asset Impairment Charge | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | $6.1m | ($12.8m) | ($6.0m) | ($11.5m) | ($2.1m) | |
| Increase (Decrease) in Accounts Receivable | — | — | $5.3m | $2.6m | ($4.3m) | $16.9m | $2.6m | ($3.8m) | ($5.5m) | ($2.5m) | $259k | |
| Change In Receivables | — | — | — | — | — | — | $2.6m | ($3.8m) | ($5.5m) | ($2.5m) | $259k | |
| Increase in accounts receivable and contract assets | — | — | — | ($2.6m) | $4.3m | $16.9m | $2.6m | ($3.8m) | ($5.5m) | ($2.5m) | — | |
| Increase (Decrease) in Accounts Payable | ($171k) | $790k | ($1.1m) | ($1.0m) | $1.1m | $1.6m | $1.1m | ($1.2m) | ($1.1m) | ($231k) | $458k | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $379k | ($7.3m) | $703k | ($6.0m) | $458k | |
| Decrease in accounts payable | ($171k) | $390k | ($1.1m) | ($1.0m) | $1.1m | ($2.4m) | $1.1m | ($1.2m) | ($1.1m) | ($231k) | — | |
| Change In Accrued Expense | — | — | — | — | — | — | ($6.4m) | ($2.7m) | $364k | ($2.1m) | ($1.2m) | |
| (Decrease) increase in accrued expenses and other liabilities | ($5.1m) | $9.3m | ($7.6m) | ($11.7m) | ($2.9m) | $6.8m | ($6.4m) | ($2.7m) | $364k | ($2.1m) | — | |
| Increase in prepaid expenses and other assets | — | $135k | ($887k) | ($1.9m) | $1.4m | $261k | $4.4m | ($489k) | ($203k) | ($2.9m) | — | |
| Net cash provided by operating activities | $16.0m |
$36.2m
+125.94%
|
$26.5m
-26.72%
|
$32.4m
+22.26%
|
$42.4m
+30.70%
|
$44.1m
+4.01%
|
$58.9m
+33.69%
|
$37.4m
-36.51%
|
$47.7m
+27.61%
|
$40.3m
-15.56%
|
$40.6m
+0.62%
|
|
| Net Cash Provided by (Used in) Operating Activities | $16.0m |
$36.2m
+125.94%
|
$26.5m
-26.72%
|
$32.4m
+22.26%
|
$42.4m
+30.70%
|
$46.4m
+9.42%
|
$58.9m
+27.08%
|
$37.4m
-36.51%
|
$47.7m
+27.61%
|
$40.3m
-15.56%
|
$40.6m
+0.62%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $3.1m | $3.2m | $6.5m | $9.6m | $4.6m | $3.2m | $4.7m | $4.1m | $4.1m | $7.9m | ($9.4m) | |
| Cash consideration paid for acquisitions | — | — | ($11.3m) | — | ($1.0m) | — | — | — | ($6.5m) | ($767k) | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | — | $6.5m | — | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($5.1m) | ($3.0m) | ($17.5m) | ($9.6m) | ($5.6m) | ($3.2m) | ($4.7m) | ($4.1m) | ($10.6m) | ($8.6m) | ($9.4m) | |
| Cash flows from financing activities: | ||||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $60.0m | $5.0m | $0 | $73.0m | $74.0m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $60.0m | $5.0m | $0 | $73.0m | $74.0m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $60.0m | ($27.0m) | ($20.0m) | $63.0m | $58.0m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $60.0m | ($27.0m) | ($20.0m) | $63.0m | $58.0m | |
| Debt proceeds | $10.5m | $2.5m | $26.0m | $5.0m | $1.0m | — | $60.0m | $5.0m | — | $73.0m | — | |
| Debt issuance costs | ($22k) | ($14k) | — | — | $0 | ($21k) | ($381k) | ($14k) | ($56k) | ($7k) | — | |
| Repayments of Long-term Debt | — | $23.0m | $14.0m | $17.5m | $7.5m | — | — | $32.0m | $20.0m | $10.0m | ($16.0m) | |
| Long Term Debt Payments | — | — | — | — | — | — | $0 | ($32.0m) | ($20.0m) | ($10.0m) | ($16.0m) | |
| Repayment Of Debt | — | — | — | — | — | — | $0 | ($32.0m) | ($20.0m) | ($10.0m) | ($16.0m) | |
| Repayments of debt | ($11.5m) | ($20.8m) | ($14.0m) | ($17.5m) | ($7.5m) | — | — | ($32.0m) | ($20.0m) | ($10.0m) | ($16.0m) | |
| Issuance Of Capital Stock | — | — | — | — | — | $755k | $876k | $937k | — | — | $937k | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($116.6m) | ($734k) | ($6.4m) | ($69.1m) | ($65.5m) | |
| Proceeds from Issuance of Common Stock | $937k | $945k | $1.2m | $778k | $806k | $755k | $876k | $937k | — | — | $937k | |
| Common Stock Issuance | — | — | — | — | — | $755k | $876k | $937k | — | — | $937k | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($116.6m) | ($734k) | ($6.4m) | ($69.1m) | ($65.5m) | |
| Payments for Repurchase of Common Stock | — | $34.1m | $15.7m | $4.8m | $7.8m | $34.6m | $116.6m | $734k | $6.4m | $69.1m | — | |
| Payments of Ordinary Dividends, Common Stock | — | $7.2m | $8.7m | $10.0m | $11.2m | $12.9m | $10.4m | $12.0m | $12.1m | $12.9m | ($12.6m) | |
| Common Stock Payments | — | — | — | — | — | — | ($116.6m) | ($734k) | ($6.4m) | ($69.1m) | ($65.5m) | |
| Repurchases of common stock | ($11.0m) | ($3.8m) | ($15.7m) | ($4.8m) | ($7.8m) | ($4.5m) | ($116.6m) | ($734k) | ($6.4m) | ($69.1m) | — | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($10.4m) | ($12.0m) | ($12.1m) | ($12.9m) | ($12.6m) | |
| Dividends Payable, Current | — | — | $4.7m | $5.4m | $5.8m | — | $3.0m | $3.0m | $3.0m | $3.0m | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($10.4m) | ($12.0m) | ($12.1m) | ($12.9m) | ($12.6m) | |
| Dividends paid | ($4) | ($3) | ($9) | ($10) | ($11) | ($15) | ($10) | ($12) | ($12) | ($13) | ($12.6m) | |
| Dividend declared during the year and paid the following year | — | — | — | — | $5.8m | — | $3.0m | $3.0m | $3.0m | $3.0m | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($3.6m) | ($3.8m) | ($4.1m) | ($11.9m) | ($8.0m) | |
| Net Cash Provided by (Used in) Financing Activities | ($14.5m) |
($24.2m)
-66.75%
|
($11.2m)
+53.88%
|
($26.6m)
-137.57%
|
($24.7m)
+7.00%
|
($46.7m)
-89.25%
|
($69.7m)
-49.20%
|
($42.6m)
+38.96%
|
($41.7m)
+2.12%
|
($29.8m)
+28.56%
|
($27.1m)
+9.01%
|
|
| Net increase (decrease) in cash | ($3.6m) | ($3.8m) | ($2.2m) | ($3.7m) | $12.1m | $23.5m | ($15.5m) | ($9.3m) | ($4.6m) | $1.8m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $30k | ($43k) | ($5k) | $78k | $12.1m | ($3.7m) | ($15.5m) | ($9.3m) | ($4.6m) | $1.8m | $14.2m | |
| Beginning Cash Position | — | — | — | — | — | — | $45.8m | $30.3m | $21.0m | $16.4m | $10.1m | |
| Cash at beginning of year | $18.2m | $23.5m | $19.7m | $17.5m | $26.0m | $49.5m | $30.3m | $21.0m | $16.4m | $18.2m | — | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($51k) | ($33k) | ($38k) | ($74k) | ($48k) | |
| Effect of exchange rate on cash | $30k | ($43k) | ($5k) | $78k | $60k | $48k | ($51k) | ($33k) | ($38k) | ($74k) | ($48k) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | $27.4m | $23.3m | $41.6m | $40.8m | $34.2m | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | ($3.5m) | ($6k) | ($7k) | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $1.9m | $12.6m | $2.9m | $5.6m | $7.7m | $4.8m | $14.3m | $11.9m | $13.4m | $8.9m | — | |
| Operating Lease, Expense | — | — | — | — | $2.8m | $1.0m | $1.2m | $1.1m | $1.2m | $1.3m | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | $8k | $594k | ($695k) | $592k | $90k | $130k | $1.4m | ($404k) | ($19k) | ($190k) | — | |
| General and Administrative Expense | — | — | — | — | — | — | $21.2m | $19.8m | $20.8m | $20.5m | — | |
| Goodwill | — | $72.4m | $85.1m | $84.2m | $84.6m | $85.1m | $83.5m | $84.2m | $89.8m | $90.7m | $0 | |
| Investment Income, Interest | — | — | — | — | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | — | — | — | — | — | $2k | $600k | — | — | — | — | |
| Restructuring Costs | — | — | $1.3m | — | $3.3m | — | — | — | — | $3.1m | — | |
| Cash Flow From Continuing Operating Activities | $16.0m | $36.2m | $26.5m | $32.4m | $42.4m | $44.1m | $58.9m | $37.4m | $47.7m | $40.3m | $40.6m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($69.7m) | ($42.6m) | ($41.7m) | ($29.8m) | ($27.1m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($4.7m) | ($4.1m) | ($10.6m) | ($8.6m) | ($9.4m) | |
| Change In Account Payable | — | — | — | — | — | — | $1.1m | ($1.2m) | ($1.1m) | ($231k) | $458k | |
| Change In Income Tax Payable | — | — | — | — | — | ($2.0m) | $5.8m | ($3.4m) | $1.4m | ($3.7m) | ($430k) | |
| Change In Other Working Capital | — | — | — | — | — | — | ($1.3m) | ($1.2m) | ($999k) | ($174k) | ($486k) | |
| Change In Payable | — | — | — | — | — | — | $6.8m | ($4.6m) | $339k | ($3.9m) | $458k | |
| Change In Prepaid Assets | — | — | — | — | — | — | $4.4m | ($489k) | ($203k) | ($2.9m) | ($718k) | |
| Change In Tax Payable | — | — | — | — | — | — | $5.8m | ($3.4m) | $1.4m | ($3.7m) | ($430k) | |
| Changes In Cash | — | — | — | — | — | — | ($15.5m) | ($9.3m) | ($4.6m) | $1.9m | $4.1m | |
| End Cash Position | — | — | — | — | — | — | $30.3m | $21.0m | $16.4m | $18.2m | $14.2m | |
| Financing Cash Flow | — | — | — | — | — | — | ($69.7m) |
($42.6m)
+38.96%
|
($41.7m)
+2.12%
|
($29.8m)
+28.56%
|
($27.1m)
+9.01%
|
|
| Free Cash Flow | — | — | — | — | — | — | $54.2m | $33.3m | $43.6m | $32.4m | $31.2m | |
| Investing Cash Flow | — | — | — | — | — | — | ($4.7m) | ($4.1m) | ($10.6m) | ($8.6m) | ($9.4m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | $0 | ($6.5m) | ($767k) | $0 | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | ($1.4m) | $404k | $19k | $190k | ($1.2m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($4.7m) | ($4.1m) | ($4.1m) | ($7.9m) | ($9.4m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($1.4m) | $404k | $19k | $190k | ($1.2m) | |
| Other Non Cash Items | — | — | — | — | — | — | $82k | $72k | $78k | $90k | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $876k | $937k | $998k | $1.2m | $1.0m | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $91k | $27k | $878k | $479k | $799k | |
| Purchase Of Business | — | — | — | — | — | — | $0 | $0 | ($6.5m) | ($767k) | $0 | |
| Purchase Of PPE | — | — | — | — | — | — | ($4.7m) | ($4.1m) | ($4.1m) | ($7.9m) | ($9.4m) | |
| Stock Based Compensation | — | — | — | — | — | — | $10.3m | $10.7m | $19.5m | $30.7m | $17.0m | |
| Provision for doubtful accounts | $785k | $89k | $117k | $668k | $1.1m | $342k | $91k | $27k | $878k | $479k | — | |
| Loss on foreign currency transactions | $8k | $170k | $695k | ($592k) | ($90k) | ($49k) | ($1.4m) | $404k | $19k | $190k | — | |
| Decrease in contract liabilities | — | — | — | — | — | $5.9m | ($1.3m) | ($1.2m) | ($999k) | ($174k) | — | |
| Proceeds from ESPP | — | — | — | — | — | — | $876k | $937k | $998k | $1.2m | — | |
| Shares issued to sellers and key personnel of LeewayHertz | — | — | $3.6m | — | $973k | — | — | — | $11.9m | — | — | |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | — | — | — | ($3.5m) | ($6k) | ($7k) | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($15.5m) | ($9.3m) | ($4.6m) | $1.8m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $538k | $335k | $510k | $541k | $231k | $57k | $78k | $3.5m | $1.9m | $1.6m | — | |
| Income Taxes Paid, Net | $893k | $8.8m | $3.7m | $8.0m | $5.8m | $9.1m | $4.5m | $13.3m | $11.6m | $13.1m | — |