2023 Q4 Form 10-Q Financial Statement

#000144364623000230 Filed on October 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $2.570B $2.666B
YoY Change 12.86% 15.98%
Cost Of Revenue $1.181B $1.233B
YoY Change 13.18% 16.57%
Gross Profit $1.389B $1.434B
YoY Change 12.58% 15.47%
Gross Profit Margin 54.04% 53.77%
Selling, General & Admin $298.3M $300.6M
YoY Change -26.03% 8.25%
% of Gross Profit 21.48% 20.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $41.07M $41.00M
YoY Change -2.33% 4.99%
% of Gross Profit 2.96% 2.86%
Operating Expenses $1.139B $1.166B
YoY Change -1.43% 16.44%
Operating Profit $247.6M $267.0M
YoY Change 322.17% 19.23%
Interest Expense $46.58M $44.76M
YoY Change 45.43% 57.91%
% of Operating Profit 18.82% 16.76%
Other Income/Expense, Net $6.408M $3.556M
YoY Change -56.17% -86.56%
Pretax Income $207.4M $225.8M
YoY Change 403.02% 1.69%
Income Tax $61.74M $55.07M
% Of Pretax Income 29.77% 24.39%
Net Earnings $145.6M $170.7M
YoY Change 369.86% -0.13%
Net Earnings / Revenue 5.67% 6.4%
Basic Earnings Per Share $1.11 $1.29
Diluted Earnings Per Share $1.11 $1.29
COMMON SHARES
Basic Shares Outstanding 130.4M shares 131.0M shares
Diluted Shares Outstanding 130.5M shares 131.1M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $601.8M $557.3M
YoY Change 62.24% -26.33%
Cash & Equivalents $601.8M $557.3M
Short-Term Investments
Other Short-Term Assets $107.0M $133.4M
YoY Change 0.36% -56.37%
Inventory
Prepaid Expenses
Receivables $1.968B $2.010B
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.677B $2.701B
YoY Change 17.13% -0.64%
LONG-TERM ASSETS
Property, Plant & Equipment $178.7M $178.9M
YoY Change -7.07% -6.45%
Goodwill $2.344B $2.344B
YoY Change 0.27% 16.32%
Intangibles $619.2M $637.8M
YoY Change -13.39% 5.03%
Long-Term Investments
YoY Change
Other Assets $301.7M $298.3M
YoY Change 7.52% -37.27%
Total Long-Term Assets $3.798B $4.462B
YoY Change -6.47% 27.94%
TOTAL ASSETS
Total Short-Term Assets $2.677B $2.701B
Total Long-Term Assets $3.798B $4.462B
Total Assets $6.475B $7.163B
YoY Change 2.03% 15.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $564.9M $603.2M
YoY Change 17.15% 11.22%
Accrued Expenses $428.6M $453.2M
YoY Change -15.02% 12.61%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $51.56M $41.25M
YoY Change 25.0% 0.0%
Total Short-Term Liabilities $1.597B $1.606B
YoY Change 0.93% 7.04%
LONG-TERM LIABILITIES
Long-Term Debt $3.370B $3.389B
YoY Change 21.19% 21.47%
Other Long-Term Liabilities $149.6M $145.8M
YoY Change -1.49% -69.93%
Total Long-Term Liabilities $3.519B $3.535B
YoY Change 20.01% 7.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.597B $1.606B
Total Long-Term Liabilities $3.519B $3.535B
Total Liabilities $5.388B $6.090B
YoY Change 4.83% 22.12%
SHAREHOLDERS EQUITY
Retained Earnings $2.343B $2.259B
YoY Change 7.34% 2.26%
Common Stock $867.7M $835.7M
YoY Change 18.11% 17.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.086B $1.072B
YoY Change
Total Liabilities & Shareholders Equity $6.475B $7.163B
YoY Change 2.03% 15.42%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $145.6M $170.7M
YoY Change 369.86% -0.13%
Depreciation, Depletion And Amortization $41.07M $41.00M
YoY Change -2.33% 4.99%
Cash From Operating Activities $234.0M -$47.40M
YoY Change 68.83% -117.38%
INVESTING ACTIVITIES
Capital Expenditures $23.13M $16.90M
YoY Change -206.78% -205.63%
Acquisitions
YoY Change
Other Investing Activities -$8.122M -$5.000M
YoY Change -98.12% -111.35%
Cash From Investing Activities -$31.25M -$21.90M
YoY Change -93.12% -178.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -158.3M 417.0M
YoY Change 126.82% -1090.57%
NET CHANGE
Cash From Operating Activities 234.0M -47.40M
Cash From Investing Activities -31.25M -21.90M
Cash From Financing Activities -158.3M 417.0M
Net Change In Cash 44.45M 347.7M
YoY Change -111.53% 34.41%
FREE CASH FLOW
Cash From Operating Activities $234.0M -$47.40M
Capital Expenditures $23.13M $16.90M
Free Cash Flow $210.8M -$64.30M
YoY Change 31.57% -122.27%

Facts In Submission

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Business OverviewBooz Allen Hamilton Holding Corporation, including its wholly owned subsidiaries, or the Company, we, us, and our, was incorporated in Delaware in May 2008. The Company provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to U.S. and international governments, major corporations, and not-for-profit organizations. The Company reports operating results and financial data in one reportable segment. The Company is headquartered in McLean, Virginia, with approximately 33,100 employees as of September 30, 2023.
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<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Accounting Estimates</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting periods. Areas of the financial statements where estimates may have the most significant effect include the provision for claimed indirect costs, valuation and expected lives of tangible and intangible assets, impairment of long-lived assets, accrued liabilities, revenue recognition, including the accrual of indirect costs, bonus and other incentive compensation, stock-based compensation, reserves for uncertain tax positions and valuation allowances on deferred tax assets, provisions for income taxes, postretirement obligations, collectability of receivables, and loss accruals for litigation. Actual results experienced by the Company may differ materially from management's estimates.</span></div>
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14523000 usd
us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.06
CY2023Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
53600000 usd
CY2022Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
45900000 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
108100000 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
92100000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
2344000 usd
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
8700000 usd
CY2023Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
3143000 usd
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
6141000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-799000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2559000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
7514000 usd
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
11180000 usd
CY2022Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-285000 usd
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-2376000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7799000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
13556000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19825000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18526000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
37510000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
32222000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19825000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18526000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
37510000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
32222000 usd
CY2023Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
95100000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P4Y
CY2023Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
95113000 usd
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

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0001443646-23-000230-index-headers.html Edgar Link pending
0001443646-23-000230-index.html Edgar Link pending
0001443646-23-000230.txt Edgar Link pending
0001443646-23-000230-xbrl.zip Edgar Link pending
bah-20230930.htm Edgar Link pending
bah-20230930.xsd Edgar Link pending
bah-20230930xex105.htm Edgar Link pending
bah-20230930xex106.htm Edgar Link pending
bah-20230930xex107.htm Edgar Link pending
bah-20230930xex108.htm Edgar Link pending
bah-20230930xex311.htm Edgar Link pending
bah-20230930xex312.htm Edgar Link pending
bah-20230930xex321.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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bah-20230930_cal.xml Edgar Link unprocessable
bah-20230930_lab.xml Edgar Link unprocessable
bah-20230930_pre.xml Edgar Link unprocessable
bah-20230930_htm.xml Edgar Link completed
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report.css Edgar Link pending
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bah-20230930_def.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable