$HCKT
Hackett Group Inc

2018 Q2 Form 10-Q Financial Statement

#000156459018020477 Filed on August 08, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $74.53M $67.73M
YoY Change 10.04% 9.28%
Cost Of Revenue $49.75M $49.06M
YoY Change 1.41% 4.93%
Gross Profit $24.78M $18.67M
YoY Change 32.73% -15.25%
Gross Profit Margin 33.25% 27.57%
Selling, General & Admin $15.37M $16.76M
YoY Change -8.28% 13.3%
% of Gross Profit 62.03% 89.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.210M $1.140M
YoY Change 6.14% 23.91%
% of Gross Profit 4.88% 6.11%
Operating Expenses $15.37M $16.76M
YoY Change -8.28% 13.3%
Operating Profit $14.24M $6.000M
YoY Change 137.38% -17.13%
Interest Expense $178.0K $127.0K
YoY Change 40.16% -417.5%
% of Operating Profit 1.25% 2.12%
Other Income/Expense, Net
YoY Change
Pretax Income $14.07M $6.337M
YoY Change 121.95% -11.97%
Income Tax $2.393M $1.587M
% Of Pretax Income 17.01% 25.04%
Net Earnings $11.52M $4.750M
YoY Change 142.55% 8.4%
Net Earnings / Revenue 15.46% 7.01%
Basic Earnings Per Share $0.39 $0.16
Diluted Earnings Per Share $0.36 $0.15
COMMON SHARES
Basic Shares Outstanding 29.43M 29.04M
Diluted Shares Outstanding 32.24M 32.51M

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.30M $14.40M
YoY Change -7.64% 14.29%
Cash & Equivalents $13.30M $14.40M
Short-Term Investments
Other Short-Term Assets $3.300M $3.200M
YoY Change 3.13% 33.33%
Inventory
Prepaid Expenses
Receivables $56.80M $50.40M
Other Receivables $0.00 $0.00
Total Short-Term Assets $73.30M $68.00M
YoY Change 7.79% 9.5%
LONG-TERM ASSETS
Property, Plant & Equipment $22.80M $16.50M
YoY Change 38.18% 18.71%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.000M $5.200M
YoY Change -3.85% 33.33%
Total Long-Term Assets $112.6M $106.9M
YoY Change 5.33% 16.07%
TOTAL ASSETS
Total Short-Term Assets $73.30M $68.00M
Total Long-Term Assets $112.6M $106.9M
Total Assets $185.9M $174.9M
YoY Change 6.29% 13.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.400M $8.200M
YoY Change 2.44% -24.07%
Accrued Expenses $16.90M $19.10M
YoY Change -11.52% -40.87%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $42.50M $45.20M
YoY Change -5.97% 4.87%
LONG-TERM LIABILITIES
Long-Term Debt $13.50M $20.00M
YoY Change -32.5%
Other Long-Term Liabilities $200.0K $7.000M
YoY Change -97.14%
Total Long-Term Liabilities $13.70M $27.00M
YoY Change -49.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $42.50M $45.20M
Total Long-Term Liabilities $13.70M $27.00M
Total Liabilities $64.30M $83.08M
YoY Change -22.6% 54.14%
SHAREHOLDERS EQUITY
Retained Earnings -$48.59M
YoY Change
Common Stock $282.1M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $131.6M
YoY Change
Treasury Stock Shares $26.76M
Shareholders Equity $121.6M $91.85M
YoY Change
Total Liabilities & Shareholders Equity $185.9M $174.9M
YoY Change 6.27% 13.44%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $11.52M $4.750M
YoY Change 142.55% 8.4%
Depreciation, Depletion And Amortization $1.210M $1.140M
YoY Change 6.14% 23.91%
Cash From Operating Activities -$2.370M $4.110M
YoY Change -157.66% 661.11%
INVESTING ACTIVITIES
Capital Expenditures -$2.800M -$1.320M
YoY Change 112.12% 169.39%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$9.010M
YoY Change -100.0%
Cash From Investing Activities -$2.800M -$10.32M
YoY Change -72.87% 2006.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.300M 3.570M
YoY Change -248.46% -132.78%
NET CHANGE
Cash From Operating Activities -2.370M 4.110M
Cash From Investing Activities -2.800M -10.32M
Cash From Financing Activities -5.300M 3.570M
Net Change In Cash -10.47M -2.640M
YoY Change 296.59% -75.65%
FREE CASH FLOW
Cash From Operating Activities -$2.370M $4.110M
Capital Expenditures -$2.800M -$1.320M
Free Cash Flow $430.0K $5.430M
YoY Change -92.08% 427.18%

Facts In Submission

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<div> <p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The preparation of financial statements in conformity with U.S.&#160;GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. </p></div>
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CommonStockDividendsPerShareDeclared
0.17
CY2018Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2018-06-29
CY2018Q2 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2018-07-11
CY2018Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
5400000
CY2018Q2 us-gaap Noncurrent Assets
NoncurrentAssets
112591000
CY2017Q4 us-gaap Noncurrent Assets
NoncurrentAssets
109946000
CY2018Q2 hckt Goodwill Included In Foreign Asset
GoodwillIncludedInForeignAsset
14800000
CY2017Q4 hckt Goodwill Included In Foreign Asset
GoodwillIncludedInForeignAsset
15100000

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