← Mastech Digital, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | 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 (Loss), Including Portion Attributable to Noncontrolling Interest | $2.5m | $1.6m | $6.7m | $11.1m | $9.9m | $12.2m | $8.7m | ($7.1m) | $3.4m | $609k | — | |
| Depreciation, Depletion and Amortization | $203k | $1.9m | $3.2m | $3.4m | $3.6m | $4.0m | $4.2m | $3.9m | $3.5m | $3.3m | $3.3m | |
| Amortization of Debt Issuance Costs | $38k | $99k | $100k | $104k | $284k | $82k | $73k | $73k | $95k | $94k | — | |
| Amortization of Intangible Assets | $813k | $1.7m | $2.7m | $2.7m | $2.8m | $3.2m | $3.0m | $2.8m | $2.7m | $2.6m | — | |
| Depreciation, Amortization and Accretion, Net | $1.0m | $1.9m | $3.2m | $3.4m | $3.6m | $4.0m | $4.2m | $3.9m | $3.5m | $3.3m | $3.3m | |
| Deferred Income Tax Expense (Benefit) | $55k | ($234k) | $171k | $1.3m | ($1.8m) | $1.1m | $655k | ($1.7m) | ($509k) | ($1.3m) | ($249k) | |
| Share-based Payment Arrangement, Noncash Expense | $408k | $381k | $470k | $936k | $2.0m | $2.2m | $2.2m | $3.1m | $2.2m | $3.1m | $3.1m | |
| Goodwill, Impairment Loss | — | — | $9.7m | — | — | — | — | $5.3m | $0 | $0 | ($6k) | |
| Other Nonoperating Income (Expense) | ($25k) | ($2k) | ($40k) | $11k | $96k | ($49k) | $650k | ($75k) | $27k | $217k | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Payable | ($250k) | $1.7m | ($901k) | ($100k) | ($1.6m) | $2.4m | ($479k) | $186k | $39k | ($1.2m) | ($392k) | |
| Net Cash Provided by (Used in) Operating Activities | $2.3m |
$3.4m
+46.47%
|
($471k)
-114.03%
|
$16.1m
+3514.86%
|
$21.2m
+32.00%
|
$5.2m
-75.43%
|
$12.6m
+141.85%
|
$16.0m
+26.66%
|
$7.2m
-54.99%
|
$11.1m
+54.82%
|
$9.8m
-11.71%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $105k | $1.1m | $771k | $1.0m | $298k | $1.9m | $835k | $335k | $941k | $376k | ($337k) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | — | ($4k) | ($7k) | — | ($4k) | ($9k) | $0 | ($1k) | ($24k) | ($4k) | ($704k) | |
| Net Cash Provided by (Used in) Investing Activities | ($38k) | ($35.9m) | ($1.1m) | ($879k) | ($9.6m) | ($2.1m) | ($818k) | ($216k) | ($941k) | ($486k) | ($442k) | |
| Cash flows from financing activities: | ||||||||||||
| Proceeds from Issuance of Common Stock | — | $6.0m | — | $168k | $222k | $301k | $263k | $204k | $223k | $91k | $49k | |
| Net Cash Provided by (Used in) Financing Activities | ($2.3m) |
$34.2m
+1605.76%
|
$550k
-98.39%
|
($13.4m)
-2534.36%
|
($6.7m)
+49.85%
|
($4.1m)
+39.04%
|
($10.4m)
-154.43%
|
($1.6m)
+84.85%
|
$654k
+141.44%
|
($1.1m)
-272.17%
|
($396k)
+64.83%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $10k | ($1.2m) | $1.7m | $4.7m | ($1.1m) | $435k | $14.1m | $6.6m | $8.8m | $36.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $1.3m | — | — | — | $7.1m | $21.1m | $27.7m | $36.5m | $36.9m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $10k | ($207k) | ($129k) | ($187k) | ($94k) | ($948k) | ($94k) | ($310k) | ($732k) | ($1.3m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $2.1m | $1.8m | $779k | $623k | $324k | $43k | $0 | $0 | — | |
| Income Taxes Paid, Net | $2.3m | $1.5m | $2.0m | $2.6m | $2.7m | $3.8m | $2.2m | $1.4m | $2.2m | $868k | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | — | ($10k) | — | — | — | — | — | — | — | — | — | |
| General and Administrative Expense | — | — | — | — | — | — | — | — | $21.2m | — | — | |
| Goodwill | $8.4m | $35.8m | $26.1m | $26.1m | $32.5m | $32.5m | $32.5m | $27.2m | $27.2m | $27.2m | ($6k) | |
| Income Tax Expense (Benefit) | $1.5m | $1.3m | $2.7m | $4.1m | $2.8m | $4.7m | $3.8m | ($1.9m) | $1.0m | $453k | — | |
| Operating Costs and Expenses | — | — | $32.2m | $37.1m | $38.1m | $44.7m | $51.0m | $51.9m | $51.8m | $53.1m | — | |
| Operating Expenses | — | — | $30.9m | $31.0m | $38.1m | $41.8m | $51.0m | $60.3m | $9.4m | — | — | |
| Payments of Financing Costs | — | $435k | $71k | — | $246k | $223k | $0 | $64k | $0 | $0 | — | |
| Proceeds from Stock Options Exercised | $101k | $70k | $118k | $7k | $1.3m | $229k | $1.3m | $0 | $511k | $1.0m | — |