Hill international, inc. (HIL)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Assets
Cash and cash equivalents

16,083

15,915

17,350

18,739

25,746

18,711

23,083

22,584

17,820

21,353

14,933

16,738

20,413

25,637

21,219

24,922

21,035

24,089

23,901

31,571

25,785

30,124

28,525

26,847

29,780

30,381

26,639

21,825

15,457

16,716

14,794

19,592

24,698

17,924

16,575

30,293

39,406

Cash - restricted

3,489

4,666

5,033

4,160

2,041

2,945

4,051

2,533

4,535

4,407

4,534

4,470

3,544

4,312

3,710

3,083

4,041

4,435

4,191

14,276

7,956

8,851

6,677

9,025

11,052

15,766

13,212

15,607

10,342

12,091

-

-

-

1,480

-

-

-

Accounts receivable, net

108,109

103,892

110,575

109,491

112,609

117,469

137,927

144,816

140,408

128,133

155,562

160,656

167,289

164,844

229,892

233,860

243,093

187,721

236,824

237,501

206,833

146,035

251,084

248,556

237,432

174,685

236,014

235,964

231,863

151,239

-

-

-

197,906

-

-

-

Current portion of retainage receivable

16,040

16,459

14,041

16,589

16,890

18,397

18,775

14,789

10,489

9,249

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash - restricted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,766

3,854

2,324

-

1,564

3,924

2,527

Accounts receivable, less allowance for doubtful accounts of $9,129 and $9,181

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

208,632

202,081

196,824

-

201,424

188,027

180,856

Accounts receivable - affiliates

24,919

18,776

25,567

24,510

19,479

19,261

5,373

6,705

6,637

24,077

6,963

8,402

7,335

5,712

10,870

7,413

9,354

9,169

8,201

8,935

5,932

3,993

2,140

1,058

713

492

1,244

1,142

755

1,260

1,267

1,285

1,794

1,830

2,170

2,836

3,230

Prepaid expenses and other current assets

11,879

9,340

7,651

6,423

5,288

5,554

8,427

8,597

8,612

9,053

7,628

7,770

7,799

7,751

11,507

9,559

10,379

7,030

17,769

13,922

14,235

11,582

11,336

13,618

12,161

12,514

14,885

14,192

12,075

9,831

9,520

9,800

8,573

8,289

8,797

10,300

8,834

Income tax receivable

2,176

2,256

1,458

1,362

957

758

1,315

1,240

2,343

2,139

4,515

4,723

2,900

3,554

5,035

4,854

4,391

3,187

3,891

5,253

4,622

3,316

4,264

4,356

4,371

4,460

4,165

3,830

3,537

3,445

3,341

2,987

2,707

1,688

1,994

1,710

1,138

Current assets held for sale

-

-

-

-

-

-

-

-

-

-

0

0

53,351

54,651

-

-

-

60,092

-

-

-

53,393

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,668

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,442

6,438

-

1,736

1,737

1,759

7,340

2,095

1,579

2,086

8,256

1,804

1,767

1,763

2,716

1,662

1,756

1,475

Total current assets

182,695

171,304

181,675

181,274

183,010

183,095

198,951

201,264

190,844

198,411

194,135

202,759

262,631

266,461

282,233

283,691

292,293

295,723

301,445

317,900

271,801

257,294

305,762

305,197

297,268

245,638

298,254

294,139

276,115

202,838

249,124

241,366

238,683

231,833

234,186

238,846

237,466

Property and equipment, net

10,167

11,895

11,597

11,021

10,984

10,787

11,502

11,938

12,067

12,004

13,940

14,880

15,715

16,389

22,307

21,931

22,901

18,822

22,565

21,440

14,850

8,957

11,061

11,160

11,167

10,613

10,685

10,527

11,076

11,268

11,549

11,913

12,565

13,110

13,930

14,881

11,926

Cash - restricted, net of current portion

3,921

4,401

2,777

3,069

2,832

1,451

3,261

1,160

1,160

1,160

1,160

1,160

327

313

1,175

1,049

275

259

739

306

7,726

7,156

9,454

7,755

7,080

2,740

3,589

2,761

9,345

9,135

7,614

6,087

5,763

6,281

4,279

3,711

4,040

Operating lease right-of-use assets

15,781

17,451

15,439

16,125

16,771

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Retainage receivable

6,433

5,695

8,449

7,377

7,142

5,895

5,816

9,018

12,845

13,095

9,778

18,112

17,775

17,225

17,221

15,352

2,919

2,638

3,150

2,932

3,267

3,300

2,344

1,346

1,150

1,212

4,130

4,130

4,191

3,946

-

-

-

4,434

-

-

-

Retainage receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,693

3,200

3,217

-

3,775

3,814

3,102

Acquired intangibles, net

205

232

929

1,026

1,165

1,316

2,433

2,919

3,525

3,908

4,556

4,965

5,474

6,006

11,560

12,644

13,780

8,878

16,081

19,075

16,366

10,986

19,504

22,290

23,670

24,964

25,141

26,418

26,322

28,248

26,848

28,565

29,384

30,937

40,177

47,151

26,709

Goodwill

44,591

48,024

47,041

48,736

48,340

48,869

48,404

49,479

53,030

52,658

53,041

51,942

51,467

50,665

75,899

76,230

76,503

49,739

75,212

79,990

74,534

53,669

83,072

87,885

86,995

85,853

83,112

81,410

82,587

84,007

82,001

81,531

84,841

82,941

78,310

84,143

57,310

Investments

1,628

1,711

2,665

2,573

3,068

3,015

3,799

4,413

4,300

3,639

4,469

4,466

4,421

3,501

4,738

4,202

5,544

4,936

3,804

3,927

4,359

6,651

5,566

5,948

5,932

5,984

8,025

7,741

7,626

8,275

8,866

8,773

9,311

12,620

12,752

13,374

10,962

Deferred income tax assets

3,074

3,800

3,665

4,846

-

4,521

-

-

-

4,052

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax assets

-

-

-

-

4,777

-

3,839

4,917

4,065

-

3,573

3,695

3,176

3,200

19,274

19,584

19,709

3,084

12,496

-

-

1,797

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,015

14,122

-

13,736

13,955

13,886

10,511

12,983

13,660

14,388

11,090

22,748

19,424

18,824

18,186

14,360

9,326

8,918

Other assets

3,060

5,038

4,728

4,717

5,138

5,820

4,206

4,111

3,651

4,368

5,493

5,500

4,009

4,224

5,136

6,468

5,399

6,177

14,064

16,812

16,709

8,613

15,472

7,389

6,500

5,961

5,238

5,207

4,873

5,098

5,272

5,818

6,399

7,170

8,753

8,274

10,418

Non-current assets held for sale

-

-

-

-

-

-

-

-

-

-

0

0

32,924

32,091

-

-

-

36,199

-

-

-

37,649

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

271,555

269,551

278,965

280,764

283,227

264,769

282,211

289,219

285,487

293,295

290,145

307,479

397,919

400,075

439,543

441,151

439,323

426,455

449,556

476,397

423,734

396,072

465,971

462,925

453,648

393,476

451,157

445,993

436,523

363,905

417,715

406,677

408,987

407,512

410,522

423,520

370,851

Liabilities and Stockholders’ Equity
Current maturities of notes payable and long-term debt

-

-

-

-

-

3,364

-

-

-

3,241

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current maturities of notes payable and long-term debt

3,071

1,792

3,266

3,002

3,778

-

2,986

3,753

2,782

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due to bank

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

-

5

-

21

221

4

-

1,299

415

5,212

4,903

Current maturities of notes payable and long-term debt

-

-

-

-

-

-

-

-

-

-

2,695

4,532

4,492

1,983

7,316

4,238

4,411

4,357

2,982

4,806

4,805

6,361

2,580

53,307

53,395

18,974

20,583

23,823

20,899

21,769

22,463

90,623

86,560

6,025

85,000

80,388

2,278

Accounts payable and accrued expenses

66,394

65,172

74,160

77,671

86,868

80,036

83,346

82,674

78,642

83,221

82,717

87,384

87,993

85,680

105,825

102,629

107,606

91,034

103,310

117,163

98,218

76,146

93,626

100,668

91,302

80,894

94,497

95,318

95,115

79,000

-

-

-

76,747

-

-

-

Accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

90,127

81,904

75,623

-

81,567

85,135

72,215

Income taxes payable

3,586

3,152

7,555

10,171

9,848

8,826

8,327

15,018

16,590

16,494

12,323

9,691

4,622

4,874

5,287

4,160

5,650

8,980

11,173

10,082

8,656

7,514

7,758

4,717

7,322

9,442

4,813

4,567

6,877

6,955

3,343

717

2,160

4,071

2,562

-

2,931

Current portion of deferred revenue

9,090

10,773

10,660

9,730

9,097

11,169

-

-

-

13,945

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of operating lease liabilities

5,481

5,736

5,166

5,215

5,327

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of deferred revenue

-

-

-

-

-

-

10,210

8,716

8,651

-

3,761

5,334

5,094

12,943

8,697

10,183

10,746

9,866

16,194

19,416

18,758

14,339

15,506

16,885

16,728

17,557

19,355

16,728

18,245

16,510

16,855

20,743

21,615

15,503

16,115

14,293

15,620

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,326

2,380

2,315

-

312

376

528

2,948

125

84

55

2,834

358

340

340

337

390

415

396

Other current liabilities

6,065

4,876

5,376

7,180

5,355

5,644

9,234

9,834

8,494

8,973

10,430

9,982

8,592

8,157

9,665

9,681

9,332

-

13,733

14,141

8,164

6,829

12,964

14,444

10,223

12,255

10,313

9,014

5,247

13,827

6,954

7,135

5,742

4,818

5,330

5,441

6,122

Other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,009

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current liabilities held for sale

-

-

-

-

-

-

-

-

-

-

0

0

24,199

25,888

-

-

-

27,350

-

-

-

28,779

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

93,687

91,501

106,183

112,969

120,273

109,039

114,103

119,995

115,159

125,874

111,926

116,923

134,992

139,525

136,790

130,891

137,745

144,596

149,718

167,988

140,916

139,968

132,746

190,397

179,498

142,072

149,686

149,539

146,438

140,916

140,321

201,466

192,040

108,800

191,379

190,884

104,465

Notes payable and long-term debt, net of current maturities

50,470

41,150

48,680

48,379

45,081

44,587

44,843

42,092

37,413

34,541

31,443

32,374

150,808

142,120

146,639

141,108

141,865

140,626

140,492

148,280

135,145

115,163

125,291

87,578

85,858

114,285

111,647

109,763

103,563

87,666

74,244

7,124

11,548

87,435

8,135

10,636

67,778

Retainage payable

1,581

1,551

1,551

952

978

927

707

706

709

599

641

1,071

1,000

961

870

2,460

2,195

1,929

2,916

2,901

2,660

2,448

2,190

1,031

976

1,017

4,175

4,175

4,586

4,163

3,938

3,813

3,484

5,512

4,803

4,661

3,701

Deferred income taxes

418

419

308

345

326

418

403

667

942

933

2,874

2,670

629

560

16,472

-

-

1,032

-

-

-

671

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

1,437

3,041

3,419

2,600

3,752

5,105

-

-

-

7,212

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-current operating lease liabilities

15,850

17,030

16,271

17,003

17,723

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,411

16,872

-

13,419

14,932

13,676

-

15,071

16,724

16,763

16,724

18,163

17,412

16,846

17,675

12,466

13,998

15,469

15,224

14,449

16,546

11,275

Deferred revenue

-

-

-

-

-

-

13,458

10,082

11,887

-

9,511

15,866

19,612

22,804

15,254

19,062

10,070

15,857

14,384

15,267

12,366

11,488

13,846

14,598

17,426

16,261

16,720

15,102

15,609

9,652

9,033

5,102

5,975

6,604

2,779

3,589

1,747

Other liabilities

4,882

4,631

4,671

4,158

4,330

10,248

8,737

8,753

14,416

13,466

14,710

18,624

13,341

12,666

11,084

11,120

9,852

11,748

10,946

9,171

4,310

5,893

2,700

4,365

6,717

6,261

8,270

12,322

10,797

11,279

10,984

10,734

11,460

11,543

11,734

12,331

13,789

Non-current liabilities held for sale

-

-

-

-

-

-

-

-

-

-

0

0

4,400

5,087

-

-

-

6,730

-

-

-

3,787

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

168,325

159,323

181,083

186,406

192,463

170,324

182,251

182,295

180,526

182,625

171,105

187,528

324,782

323,723

327,109

321,052

318,599

322,518

331,875

358,539

309,073

279,418

291,844

314,693

307,238

296,620

308,661

308,313

297,839

271,351

250,986

242,237

239,976

235,118

233,279

238,647

202,755

Commitments and contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders’ equity:
Preferred stock, $0.0001 par value; 1,000 shares authorized, none issued

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $0.0001 par value; 100,000 shares authorized, 62,530 shares and 62,708 shares issued at March 31, 2020 and December 31, 2019, respectively

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

5

5

5

5

5

5

5

5

5

4

4

4

4

4

Additional paid-in capital

213,263

212,759

212,493

211,239

210,325

210,084

208,007

207,160

200,157

197,104

195,890

194,491

190,863

190,353

189,049

188,400

190,361

189,198

187,731

178,163

180,675

179,912

179,127

140,007

139,025

136,899

134,262

132,641

130,535

129,913

129,267

128,740

127,895

127,168

126,495

125,639

123,762

Accumulated deficit

-77,941

-71,360

-83,481

-85,962

-87,579

-85,444

-78,159

-69,615

-62,132

-53,983

-44,097

-39,802

-83,703

-81,349

-2,721

4,145

2,655

-47,793

2,319

-629

-5,024

-33,292

39,643

48,609

47,091

422

48,304

45,748

45,029

-3,140

67,869

66,566

66,890

73,626

74,204

73,550

79,643

Accumulated other comprehensive loss

-3,913

-3,817

-3,756

-3,513

-4,381

-2,575

-2,278

-2,959

-3,590

-4,011

-5,150

-6,681

-6,168

-4,611

-46,662

-45,082

-45,642

-10,589

-45,694

-35,993

-40,240

-11,612

-25,737

-22,248

-23,812

-24,591

-24,321

-25,099

-22,888

-20,015

-19,482

-20,010

-16,972

-18,896

-16,879

-10,872

-14,552

Shareholders' equity before treasury stock and noncontrolling interests

-

-

-

-

-

-

-

-

-

-

146,649

148,014

100,998

-

139,672

147,469

147,380

130,822

144,362

141,547

135,417

135,014

193,039

166,373

162,309

112,735

158,250

153,295

152,681

106,763

177,659

175,301

177,817

181,902

183,824

188,321

188,857

Less treasury stock of 6,807 and 6,546 at March 31, 2020 and December 31, 2019, respectively

29,056

28,231

28,231

28,231

28,231

28,231

28,231

28,231

29,986

30,041

30,041

30,041

30,041

30,041

29,974

29,974

29,974

29,245

28,665

28,665

28,304

28,304

28,304

28,304

28,304

27,766

27,766

27,766

27,766

27,766

27,766

27,766

27,766

27,766

27,766

27,766

27,766

Hill International, Inc. share of equity

102,359

109,357

97,031

93,539

90,140

93,840

99,345

106,361

104,455

109,075

116,608

117,973

70,957

74,358

109,698

117,495

117,406

101,577

115,697

112,882

107,113

106,710

164,735

138,069

134,005

84,969

130,484

125,529

124,915

78,997

149,893

147,535

150,051

154,136

156,058

160,555

161,091

Noncontrolling interests

871

871

851

819

624

605

615

563

506

1,595

2,432

1,978

2,180

1,994

2,736

2,604

3,318

2,360

1,984

4,976

7,548

9,944

9,392

10,163

12,405

11,887

12,012

12,151

13,769

13,557

16,836

16,905

-

18,258

21,185

24,318

-

Noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,960

-

-

-

7,005

Total equity

103,230

110,228

97,882

94,358

90,764

94,445

99,960

106,924

104,961

110,670

119,040

119,951

73,137

76,352

112,434

120,099

120,724

103,937

117,681

117,858

114,661

116,654

174,127

148,232

146,410

96,856

142,496

137,680

138,684

92,554

166,729

164,440

169,011

172,394

177,243

184,873

168,096

Total liabilities and stockholders’ equity

271,555

269,551

278,965

280,764

283,227

264,769

282,211

289,219

285,487

293,295

290,145

307,479

397,919

400,075

439,543

441,151

439,323

426,455

449,556

476,397

423,734

396,072

465,971

462,925

453,648

393,476

451,157

445,993

436,523

363,905

417,715

406,677

408,987

407,512

410,522

423,520

370,851