$MHH
Mastech Digital Inc

2014 Q4 Form 10-Q Financial Statement

#000119312514391350 Filed on October 31, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $28.55M $28.63M $28.28M
YoY Change 0.23% 1.24% 24.19%
Cost Of Revenue $23.32M $23.41M $22.95M
YoY Change 1.17% 2.0% 24.68%
Gross Profit $5.228M $5.227M $5.335M
YoY Change -3.86% -2.02% 22.11%
Gross Profit Margin 18.31% 18.25% 18.86%
Selling, General & Admin $3.940M $3.788M $3.659M
YoY Change 0.77% 3.53% 4.3%
% of Gross Profit 75.36% 72.47% 68.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $50.00K $30.00K $30.00K
YoY Change 66.67% 0.0% 0.0%
% of Gross Profit 0.96% 0.57% 0.56%
Operating Expenses $3.940M $3.788M $3.659M
YoY Change 0.77% 3.53% 4.3%
Operating Profit $1.288M $1.439M $1.676M
YoY Change -15.71% -14.14% 94.66%
Interest Expense -$10.00K -$21.00K -$20.00K
YoY Change -50.0% 5.0% 0.0%
% of Operating Profit -0.78% -1.46% -1.19%
Other Income/Expense, Net -$10.00K -$12.00K -$42.00K
YoY Change -200.0% -71.43% -180.77%
Pretax Income $1.270M $1.406M $1.611M
YoY Change -16.45% -12.73% 79.8%
Income Tax $490.0K $527.0K $612.0K
% Of Pretax Income 38.58% 37.48% 37.99%
Net Earnings $780.0K $879.0K $1.480M
YoY Change -18.75% -40.61% 146.26%
Net Earnings / Revenue 2.73% 3.07% 5.23%
Basic Earnings Per Share $0.20 $0.35
Diluted Earnings Per Share $87.54K $0.20 $0.34
COMMON SHARES
Basic Shares Outstanding 4.307M shares 4.330M shares 4.190M shares
Diluted Shares Outstanding 4.464M shares 4.320M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.570M $2.550M $1.610M
YoY Change 511.9% 58.39% -50.46%
Cash & Equivalents $2.568M $2.548M $1.614M
Short-Term Investments
Other Short-Term Assets $1.050M $1.100M $1.030M
YoY Change 9.38% 6.8% -23.13%
Inventory
Prepaid Expenses
Receivables $10.68M $11.32M $9.580M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $18.84M $19.42M $18.46M
YoY Change 14.88% 5.22% -2.79%
LONG-TERM ASSETS
Property, Plant & Equipment $701.0K $498.0K $183.0K
YoY Change 302.87% 172.13% -32.22%
Goodwill $0.00
YoY Change
Intangibles $0.00
YoY Change
Long-Term Investments
YoY Change
Other Assets $500.0K $460.0K $410.0K
YoY Change 4.17% 12.2% 57.69%
Total Long-Term Assets $1.204M $962.0K $597.0K
YoY Change 84.95% 61.14% -37.81%
TOTAL ASSETS
Total Short-Term Assets $18.84M $19.42M $18.46M
Total Long-Term Assets $1.204M $962.0K $597.0K
Total Assets $20.04M $20.39M $19.06M
YoY Change 17.55% 6.97% -4.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.514M $1.478M $2.539M
YoY Change -25.27% -41.79% 32.93%
Accrued Expenses $5.540M $6.540M $6.490M
YoY Change 0.54% 0.77% 13.86%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $7.176M $8.194M $9.070M
YoY Change -5.47% -9.66% 17.79%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $7.176M $8.194M $9.070M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $7.176M $8.194M $9.070M
YoY Change -5.47% -9.66% 17.79%
SHAREHOLDERS EQUITY
Retained Earnings $4.024M $3.242M $1.763M
YoY Change 569.55% 83.89%
Common Stock $12.78M $51.00K $40.00K
YoY Change 6.76% 27.5%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.915M $3.794M $3.131M
YoY Change 25.04% 21.18%
Treasury Stock Shares 794.3K shares 784.6K shares 586.4K shares
Shareholders Equity $12.87M $12.19M $9.987M
YoY Change
Total Liabilities & Shareholders Equity $20.04M $20.39M $19.06M
YoY Change 17.55% 6.97% -4.48%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $780.0K $879.0K $1.480M
YoY Change -18.75% -40.61% 146.26%
Depreciation, Depletion And Amortization $50.00K $30.00K $30.00K
YoY Change 66.67% 0.0% 0.0%
Cash From Operating Activities $430.0K $1.930M $3.410M
YoY Change -32.81% -43.4% 117.2%
INVESTING ACTIVITIES
Capital Expenditures -$260.0K -$270.0K -$10.00K
YoY Change 1200.0% 2600.0% 0.0%
Acquisitions
YoY Change
Other Investing Activities -$50.00K $0.00 $1.010M
YoY Change -100.0% -5150.0%
Cash From Investing Activities -$310.0K -$260.0K $1.000M
YoY Change 1450.0% -126.0% -5100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -110.0K -360.0K -3.420M
YoY Change -93.92% -89.47% -17200.0%
NET CHANGE
Cash From Operating Activities 430.0K 1.930M 3.410M
Cash From Investing Activities -310.0K -260.0K 1.000M
Cash From Financing Activities -110.0K -360.0K -3.420M
Net Change In Cash 10.00K 1.310M 990.0K
YoY Change -100.84% 32.32% -36.94%
FREE CASH FLOW
Cash From Operating Activities $430.0K $1.930M $3.410M
Capital Expenditures -$260.0K -$270.0K -$10.00K
Free Cash Flow $690.0K $2.200M $3.420M
YoY Change 4.55% -35.67% 116.46%

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