$HCKT
Hackett Group Inc

2022 Q2 Form 10-Q Financial Statement

#000156459022019425 Filed on May 11, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2021 Q2
Revenue $75.66M $63.49M
YoY Change 19.18% 20.35%
Cost Of Revenue $47.89M $41.25M
YoY Change 16.11% 1.44%
Gross Profit $27.78M $22.24M
YoY Change 24.89% 83.95%
Gross Profit Margin 36.71% 35.03%
Selling, General & Admin $14.37M $12.65M
YoY Change 13.59% 4.26%
% of Gross Profit 51.72% 56.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $802.0K $874.0K
YoY Change -8.24% -21.96%
% of Gross Profit 2.89% 3.93%
Operating Expenses $14.37M $12.65M
YoY Change 13.59% 4.18%
Operating Profit $13.41M $8.853M
YoY Change 51.46% -274.34%
Interest Expense -$28.00K $25.00K
YoY Change -212.0% -39.02%
% of Operating Profit -0.21% 0.28%
Other Income/Expense, Net
YoY Change
Pretax Income $13.38M $8.828M
YoY Change 51.57% -272.46%
Income Tax $2.876M $2.460M
% Of Pretax Income 21.49% 27.87%
Net Earnings $10.51M $6.361M
YoY Change 65.15% -261.73%
Net Earnings / Revenue 13.88% 10.02%
Basic Earnings Per Share $0.33 $0.21
Diluted Earnings Per Share $329.9K $0.19
COMMON SHARES
Basic Shares Outstanding 31.45M 30.21M
Diluted Shares Outstanding 31.84M 32.77M

Balance Sheet

Concept 2022 Q2 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $47.75M $51.10M
YoY Change -6.55% 36.63%
Cash & Equivalents $47.75M $51.11M
Short-Term Investments
Other Short-Term Assets $5.364M $2.700M
YoY Change 98.67% -27.03%
Inventory
Prepaid Expenses
Receivables $50.51M $38.50M
Other Receivables $0.00 $0.00
Total Short-Term Assets $103.6M $92.40M
YoY Change 12.15% 18.38%
LONG-TERM ASSETS
Property, Plant & Equipment $19.64M $20.10M
YoY Change -2.31% 1.91%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $540.0K $1.400M
YoY Change -61.43% -31.77%
Total Long-Term Assets $104.8M $107.0M
YoY Change -2.04% -6.48%
TOTAL ASSETS
Total Short-Term Assets $103.6M $92.40M
Total Long-Term Assets $104.8M $107.0M
Total Assets $208.4M $199.4M
YoY Change 4.54% 3.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.041M $4.900M
YoY Change 64.1% 3.4%
Accrued Expenses $20.58M $20.70M
YoY Change -0.58% 3.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $47.96M $46.20M
YoY Change 3.81% 9.35%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.180M $3.000M
YoY Change -60.67% -50.82%
Total Long-Term Liabilities $1.180M $3.000M
YoY Change -60.67% -50.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $47.96M $46.20M
Total Long-Term Liabilities $1.180M $3.000M
Total Liabilities $58.13M $56.20M
YoY Change 3.43% 0.57%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $150.3M $143.2M
YoY Change
Total Liabilities & Shareholders Equity $208.4M $199.4M
YoY Change 4.54% 3.61%

Cashflow Statement

Concept 2022 Q2 2021 Q2
OPERATING ACTIVITIES
Net Income $10.51M $6.361M
YoY Change 65.15% -261.73%
Depreciation, Depletion And Amortization $802.0K $874.0K
YoY Change -8.24% -21.96%
Cash From Operating Activities $6.054M $5.895M
YoY Change 2.7% -59.48%
INVESTING ACTIVITIES
Capital Expenditures $993.0K $525.0K
YoY Change 89.14% -164.02%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$993.0K -$525.0K
YoY Change 89.14% -35.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.066M $3.716M
YoY Change -17.49%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.076M -3.716M
YoY Change -17.22% -1132.22%
NET CHANGE
Cash From Operating Activities 6.054M 5.895M
Cash From Investing Activities -993.0K -525.0K
Cash From Financing Activities -3.076M -3.716M
Net Change In Cash 1.958M 1.650M
YoY Change 18.67% -88.29%
FREE CASH FLOW
Cash From Operating Activities $6.054M $5.895M
Capital Expenditures $993.0K $525.0K
Free Cash Flow $5.061M $5.370M
YoY Change -5.75% -65.06%

Facts In Submission

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<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;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with U.S. 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>
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104815000
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
105365000
CY2022Q2 hckt Goodwill Included In Foreign Asset
GoodwillIncludedInForeignAsset
14600000
CY2021Q4 hckt Goodwill Included In Foreign Asset
GoodwillIncludedInForeignAsset
15100000

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